Legal issues and Implications of the Long-Term Continuous Construction Contracts – Supreme Court 2018. 10. 30., 2014Da235189 -

2019 ◽  
Vol 87 ◽  
pp. 229-257
Author(s):  
Sung-Jin Hong
Keyword(s):  
Supreme Court ◽  
Legal Issues ◽  
Construction Contracts

scholarly journals Consumer Protection and Contingent Charges

2012 ◽  
Vol 50 (2) ◽  
pp. 477-493 ◽  
Author(s):  
Mark Armstrong ◽  
John Vickers
Keyword(s):  
Supreme Court ◽  
Consumer Protection ◽  
Financial Services ◽  
Legal Issues ◽  
Regulatory Intervention

Contingent charges for financial services, such as fees for unauthorized overdrafts, are often controversial. We study the economics of contingent charges in a stylized setting with naive and sophisticated consumers. We contrast situations where the naive benefit from the presence of sophisticated consumers with situations where competition works to subsidize the sophisticated at the expense of the naive, arguably unfairly. The case for regulatory intervention in these situations depends in good part, but not only, on the weight placed on distributional concerns. The economic and legal issues at stake are well illustrated by a case on bank charges recently decided by the U.K. Supreme Court. (JEL D14, D18, G21, G28, L51)

Prestige Projects Limited: Challenges in Transitioning to New Accounting Policy

2021 ◽  
Author(s):  
Samir Kumar Barua ◽  
Mahendra R. Gujarathi
Keyword(s):  
Financial Reporting ◽  
Professional Judgment ◽  
Accounting Standard ◽  
Construction Contracts ◽  
Policy Choices ◽  
Accounting Courses ◽  
Business Functions ◽  
Accounting Policy

This case provides an experiential learning opportunity to (a) appreciate the role of professional judgment in accounting policy choices, (b) evaluate the effect of accounting decisions on other business functions, and (c) understand the challenges in transitioning to a new accounting standard. Prestige’s previous auditors were fine with its use of output-based measure (milestones completed) to compute the percentage-of-completion (POC) for its long-term construction contracts. However, the newly appointed auditors recommended Prestige to switch over to input-based measure (costs incurred) to compute POC. Students need to choose the appropriate financial reporting policy considering accounting and non-accounting issues. The case addresses an important context, long-term construction contracts. Although the case setting is in India, it can be used in any country given its GAAP-agnostic nature. The case is best suited for intermediate accounting courses in which the topic of revenue recognition is addressed.

Averting Diversity: A Review of Nominations and Appointments to the Philippine Supreme Court (1988-2008)

2011 ◽  
Vol 6 ◽  
pp. 1-18 ◽  
Author(s):  
Dante B. Gatmaytan ◽  
Cielo Magno
Keyword(s):  
Empirical Study ◽  
Supreme Court ◽  
Geographical Origin ◽  
Personal Characteristics ◽  
Legal Issues ◽  
Future Research ◽  
Professional Experience ◽  
Academic Background ◽  
The Supreme Court

AbstractThis paper is an empirical study on the nominations and appointments of Supreme Court Justices during a twenty-year period from 1988, when the Judicial and Bar Council (JBC) was created in the 1987 Philippine Constitution, to 2008. The study examines the profile of individuals nominated by the JBC including their gender, age, geographical origin, academic background, and professional experience. It also explores whether the appointing Presidents display any preferences based on personal characteristics relating the effects of these preferences to the diversity on the Supreme Court. The study indicates that nominees and appointees all hail from the same background. As a result, membership of the Supreme Court is sorely unrepresentative of Philippine society. This study sets the stage for future research that will determine how this lack of diversity on the Supreme Court can affect the resolution of legal issues.

scholarly journals Analisis Penerapan Pengakuan Pendapatan Kontrak Konstruksi Berdasarkan PSAK 34

2019 ◽  
Vol 7 (3) ◽  
pp. 391-396
Author(s):  
Riki Subagja ◽  
Didit Pradipto
Keyword(s):  
Accounting Standards ◽  
Financial Statements ◽  
Revenue Recognition ◽  
Short Term ◽  
Construction Contracts ◽  
Term Contract ◽  
Short Term Contract ◽  
The One ◽  
Construction Services

This study aims to analyze the implementation of contract revenue recognition based on PSAK 34. The problem that is often faced by companies that are particularly engaged in the field of construction services in the recognition of income is the method of revenue recognition what should be used or applied, because there are differences in recognition between the one method with others. Especially if a project is done is more than a year or the so-called Long-term project. In addition, the presentation of financial statements of income recognition in each accounting period must be reported in accordance with generally accepted Accounting Standards (PSAK No. 34 concerning Construction Contracts). There is only one method used or applied that is the percentage completion method. The percentage method recognizes income with two approaches, based on physical progress and cost-to-cost. PT X as a construction service company uses the percentage of completion method with a physical progress approach (Physical progress) in the recognition of his opinion for both long-term contract and short-term contract. The results of this study conclude that the accounting treatment of the application of revenue recognition of construction services by using the percentage of completion method with physical progress approach on PT X is in conformity with the accounting standards set in PSAK No. 34. However, when compared to revenue recognition using the percentage of completion method with a cost-to-cost approach the firm can recognize the revenue and expenses more to illustrate or show a more proportional calculation because it corresponds to the costs incurred or poured out.   Keywords: revenue recognition, expense recognition, PSAK no. 34

Treatment Issues in Child Sexual Abuse

1991 ◽  
Vol 159 (6) ◽  
pp. 769-782 ◽  
Author(s):  
Danya Glaser
Keyword(s):  
Sexual Abuse ◽  
Child Sexual Abuse ◽  
Protective Factors ◽  
Treatment Process ◽  
Legal Issues ◽  
Treatment Modalities ◽  
Careful Planning ◽  
The Family ◽  
The Many

Child sexual abuse is a commonly encountered and often emotionally damaging experience, maintained by secrecy and followed by denial after disclosure. Treatment in this field involves both the child and the family in a variety of treatment settings and modalities, often proceeding in parallel. Child developmental considerations dictate that treatment often proceeds in phases. It aims to protect the child from further abuse and the consequences of disclosure, and address the trauma and context of the abuse. Careful planning and co-operation is required by the many professionals working in this stressful area in order to avoid confusion, conflicts, and splits which may mirror relationships in the family. The heterogeneity of the problem is reflected in the fact that treatment cannot be offered in a uniform programme. Legal issues may influence the treatment process. Evaluation of treatment modalities, the identification of protective factors and achieving long-term adjustment in the least detrimental manner offer challenges in this newly developing field.

Exploring the Polysemy of Voice and Silence

2018 ◽  
pp. 402-421
Author(s):  
Gust A. Yep ◽  
Rebecca N. Gigi ◽  
Briana E. Avila
Keyword(s):  
Supreme Court ◽  
Gay Marriage ◽  
Court Ruling ◽  
Same Sex ◽  
Supreme Court Ruling ◽  
The Supreme Court ◽  
Before And After ◽  
Multiple Meanings ◽  
Voice And Silence

This chapter addresses the complex interplay between voice and silence in US LGBT communities. In terms of voice, the chapter focuses on Evan Wolfson, founder of Freedom to Marry and colloquially known as “Mr. Gay Marriage,” whose public comments on same-sex divorce before and after the Supreme Court ruling on marriage equality focused on two central themes: (1) fairness and (2) protection. In terms of silence, the chapter focuses on the largely absent discourse about same-sex divorce in mainstream LGBT online media to explore its multiple meanings. The analysis explores three major themes: (1) that same-sex divorce is a recent phenomenon, (2) that same-sex divorce may not be relevant to unconventional long-term relationships, and (3) that creation of a pseudo charmed circle suppresses the visibility of same-sex divorce. The chapter concludes by exploring the implications of the multiple meanings of voice and silence surrounding same-sex relational dissolution.

Navigating The Journey

2018 ◽  
Author(s):  
Michael Ellis
Keyword(s):  
Early Diagnosis ◽  
Special Needs ◽  
Legal Issues ◽  
Negative Effects ◽  
Unconditional Love ◽  
Need Support ◽  
Spirituality And Religion ◽  
Heart And Mind ◽  
All Treatment

Following the recommendations and using the knowledge in this book will help you to navigate your journey successfully. Your child will make progress and you will value and enjoy every new milestone. You will experience unconditional love and patience. You will have great joy in your life. You will love your child for his or her unique personality and perspective on life. Your child is different, but not “less.” Embracing your child’s differences will open your heart and mind to new possibilities and pathways. If your child has not been diagnosed officially yet, you must have your child evaluated as soon as possible. Early diagnosis and treatment will help to significantly improve your child’s prognosis and future. You must understand the negative effects of your child’s autism on your whole family and how to avoid them as much as possible. Surround yourself with people who “get you” and your family. You need support. Fight the urge to isolate yourself and your family. Create and maintain a healthy marriage. Explore all treatment avenues, such as medications, therapies, and complementary and alternative medicine (CAM) treatments as appropriate. Do not be afraid to consider medications. Find a provider you trust who is an expert with ASD. For your child to be successful, you need to become very familiar with the educational system and be an advocate for your child at school. You also need to be adept with legal issues of guardianship and other long-term planning issues such as the special needs trust. Lastly, you need to find acceptance and may need to explore issues of spirituality and religion. Since my daughter’s diagnosis 10 years ago, I have found great joy in raising her. I appreciate and love her for who she is every day. My family would not be complete without her. Not a day goes by that she does not make me laugh. She has given my life great purpose and fulfillment, and I have no doubt that you feel the same about your child. I am amazed at the progress she has made.

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