In this report, we will discuss the significant difference between U.S. GAAP and IFRS and its influence on Canadian companies. Canada adopted IFRS in 2011 while the United States is still using GAAP as their main accounting regulations. Due to the tight economic ties and geographical proximity between the two countries, the difference between rule-based U.S. GAAP and principle-based IFRS will have an overwhelming influence on the Canadian companies that operate largely in the US, merge with US companies and listed on the US stock exchange. This report will also focus on the major differences concerning inventory that occurs when comparing IFRS and US GAAP. The three major differences include costing methods, valuation, and the reversal of write-downs.
Bibliography Appendix 1. Introduction With the increasing amount of waste produced by Hong Kong citizens and soon-saturating landfills, the government realizes that actions need to be taken to reduce waste. The programme of Source Separation of Domestic Waste was launched territory-wide in 2005. Its aims are to facilitate residents to separate waste at source and broaden the types of recyclables to be recovered. The government would assist property management companies to provide waste separation facilities, residents only need to sort their domestic waste into different recyclables and put them into the recycling facilities.
Acid rain and hazardous wastes are just two of the many problems plaguing our environment today, but nothing is really being done about them; why ? Finally what is the polluters point of view in all of this ? To begin with, in some areas there are both federal and provincial legislation to ensure that companies and individuals respect the environment. Federally the central piece of legislation in Canada is the Canadian Environmental Protection Act (CEPA). "CEPA is the consolidation of five statutes: The Environmental Contaminants Act, the Air Quality Act, the Canada Water Act, the Ocean Dumping Act, and the Department of the Environment Act."
In this research paper, I will discuss the ways in which the United Kingdom controls waste throughout its countries and how might these processes be effective practices. Furthermore, I will analyze the waste treatment processes and explore why these processes might improve the environment for the United Kingdom citizens. In order to understand how waste affects the United Kingdom, one must understand the definition of waste. In the United Kingdom, there is about 430 million tons of waste produced each year. In addition to the creation of waste, about 7% of this waste is considered municipal solid waste.
However, municipalities are only recognized in the country’s Constitution on the basis that they are the responsibility of their respective provinces. Due to the nature and levels of government in Canada, policies on property tax can vary across provinces. Generally, property taxes among provinces are levied on commercial, residential, and industrial properties. In the province of Ontario, property tax is regarded as a local tax except in the province’s education sector. Ontario has experienced the need for tax assessment reform from time to time due some major iss... ... middle of paper ... ...se and that all costs incurred are based on consideration for economy and efficiency.
One of the most important environmental problems in the world is waste. The world population is growing speedily and recently reached seven billion people. As a result, the amount of waste produced by people is also increasing rapidly. This problem affects all countries without exception because people cannot live without producing waste. Moreover, people are also generating new types of waste, such as the space waste, the chemical waste, and the nuclear waste.
So, the waste generation, the availability of resources, and the environmental conditions must be understand in developing an appropriate household wastes management system. Household wastes can be defined as a solid waste that comprises of rubbish and garbage, as such cans, bottles, clothing, food packaging, newspapers, and etc. that originates from private homes or apartments. As a many complaints about the lack of cleanliness, the federal government decided in the mid-1990s that waste management would be managed by private companies which are shown in Table 1.0 that divided into four zones. Zone States Manager (private company) Northern zone Perlis, Kedah, Penang, Perak E.Idaman Central Zone Selangor, Pahang, Terengganu, kelantan, Kuala Lumpur & Putrajaya Alam Flora Southern zone Negeri Sembilan, Malacca, Johor Southern Waste Management Eastern zone Sabah, Sarawak Not appointed yet Table 1.0: Waste management zones and their managers Based on data, the Ministry of Housing and Local Government says that Malaysia generates approximately 18,000 MT/day of solid waste.
They were also one of the first nations to sign (December 2000) and ratify (May 2002) the Protocols. On the home front, an arranged Independent Working Group coordinated with the Canadian Federal Government reguarding trafficking. In the aftermath of 911, IWG members did not know the ins and outs of trafficking, therefore, a security lens was useful in getting human trafficking onto the public agenda, and members feel this issue should be part of the public framework,(Oxman-Martinez, et al. ,2005,). The Federal Minister of Justice formalized the role of the IWG in the spring of 2004.
of trash every day, costing our municipalities a total of $23 billion annually; this is far more waste than that of any other Westernized nation. (Columbia Encyclopedia.). But there is a good, or "not so bad," side to this: a sizable portion of this refuse is single-substance, recyclable material. Considering this fact and our continuously-shrinking landfill space, numerous local governments began some years ago to adopt recycling programs. It was seen as a necessary solution to reduce further waste.
Consumers and businesses should use the three R’s; recycle, reuse, and recharge (Prichard 1A). Consumers and businesses are producing more garbage than ever before. As a result, we are rapidly running out of landfill space. In 1979 America had close to 18,500 landfills, and by 1991 that number was nearly cut in half (Prichard 10A). Kentucky, Ohio, Minnesota, and Illinois will reach their maximum limit on landfills by the year 2005 (Prichard 10A).