2015 Accountants Conference
|
|
- May Tracey Elliott
- 7 years ago
- Views:
Transcription
1 2015 Accountants Conference Theme: Transforming the accountancy profession in this era of high technology Adoption of International Public Sector Accounting Standards (IPSASs) April 2015
2 Presentation Outline No. Agenda item Transition paths and key steps in the conversion process Overview of IPSAS adoption and key challenges Critical success factors for the implementation of IPSAS Conclusion Page 2
3 Transition paths and conversion process overview Page 3
4 Issues public entities are facing today Transparency and accountability As the sovereign debt crisis has highlighted, high-quality accounting and financial reporting standards are vitally needed in the public sector to enhance transparency and accountability. Demand for timely information Citizens, parliaments and other interest groups are increasingly demanding timely, reliable and detailed information from governments. Dependency on capital markets Private investors and rating agencies, in particular, are not satisfied when governments only provide them with cash information; they want a broader range of data, such as pension liabilities and depreciation. Robust financial management systems International financing and donor organizations are urging their beneficiaries to implement robust and sound public financial management systems. International Public Sector Accounting Standards (IPSAS) are the only globally accepted set of standards for the public sector. Harmonized public sector accounting The European Union has expressed strong support for harmonized public sector accounting and is expected to use IPSAS as its starting point for the development of its new European Public Sector Accounting Standards (EPSAS). Page 4
5 Why does IPSAS/accrual accounting matter? Just a few headlines Greece: Strong evidence for manipulation of the deficit and debt data presented Germany: 55 billion accounting mistake reduces debt levels UK: Banks not consolidated due to temporary control Almost everywhere: Pension liabilities not included Who is next to follow? But it is clear: Uncertainty damages the economic development Transparency and Accountability Relevant for all of us! Page 5
6 Discussion on transition paths (1/2) Non-IPSAS-Compliance IPSAS-Compliance Cash Basis (Modified) Cash Basis Cash Basis Accrual Basis Cash Basis Accrual Basis (Modified) Accrual Basis Accrual Basis Page 6
7 Discussion on transition paths criteria for choosing a transition path (2/2) Analysis of the starting point for the transition Jurisdictional setting (level of governments affected by transition, centralized/decentralized government, legal situation etc.) IT-infrastructure: What IT-systems are in place? What are future plans about the IT infrastructure? Capacity Manpower Technical/accounting knowledge Scope of reform (e.g. also implementation of accrual budgeting and/or performance budgeting) Verifiability: Standards as a solid base for auditing purposes Page 7
8 Major steps of a public sector GAAP conversion The diagram below describes the 8 major steps in a conversion project: 1. Sensitivity 3. Legal foundation 5. IT and processes 7. Audit readiness Gap analysis and feasibility 4. Capacity building 6. First-time adoption, opening balance sheet 8. Consolidation Page 8
9 Overview of IPSAS Adoption Page 9
10 Relevance of accrual accounting in OECD countries Full Accrual Cash, but transitioning to accruals Cash Australia Austria Belgium Brazil Canada China Czech Republic Estonia France Germany Hungary Iceland Italy * Korea Latvia Lithuania Luxembourg ** New Zealand Norway * Poland Portugal Slovak Republic Sweden Switzerland United Kingdom United States Results of the 2013 OECD accruals questionnaire * Supplemental accrual information provided ** ESA95 Page 10
11 Overview of IPSAS adoption Momentum in adoption About 40 countries have adopted or are adopting accrual basis IPSAS or comparable standards, including Austria, Brazil, Chile, Estonia, France, Israel, Lithuania, Malaysia, New Zealand, Russia, Slovakia, South Africa, Spain, Switzerland Also sub-national governments are adopting IPSAS when the decentralized structure allows them to move independently e.g. Prefecture of Tokyo, State of Hesse, States of Zurich/Geneva Entire UN system, OECD, NATO, Interpol and EC Page 11
12 Overview of countries which plan or already adopt IPSASs Argentina Indonesia Pakistan Tanzania Armenia Israel Peru Ukraine Brazil Latvia Romania Uruguay Cyprus Lithuania Russia France Malaysia South Africa Ghana Morocco Spain India Nigeria Switzerland (Source: September 2008) Page 12
13 Conversion impact and challenges Main Challenges Political/Executive support Legal framework Accrual accounting know how/capacity building Staff capacities for reform IT/ERP system implementation Impact of reform on the organisation, i.e. changes to processes and systems Registration and measurement of assets and liabilities/opening balance sheet Changes in Presentation Technology Process IPSAS Conversion Additional Disclosure Requirements ERP Environment Financial Systems Architecture New Valuation Rules Organization 1. IPSAS conversion will impact all levels of accounting in a government 2. IPSAS conversions will impact several areas outside of the accounting function! 3. A top level conversion to IPSAS may not be sufficient! Page 13
14 The costs of an accounting reform are the main reason not to adopt accrual accounting Main reasons not to adopt accrual accounting Costs of accounting reforms Cash accounting complements budgetary accounting Past implementation problems of reforms Balance sheets and profit/loss calculations are less important in the public sector Source: Toward transparency, A comparative study on the challenges of reporting for governments and public bodies around the world, Ernst & Young 2011 Page 14
15 Costs of adopting accrual accounting One of the main obstacles [ ] is the high expected cost of implementation. Country Scope Implementation Cost Czech Republic Four functional phases of the Integrated Information System Cost per inhabitant 100 Mill. EUR 9,58 EUR Denmark ERP and reconciliation system 60 Mill. EUR 10,75 EUR France Solely French state: Expenses incurred by preparer, information systems, training 1.5 Bill. EUR 22,95 EUR Hesse IT-system 240 Mill. EUR 39,40 EUR Netherlands All costs (only national level) Mill. EUR 7,68 15,54 EUR Slovakia Software, hardware, training 22 Mill. EUR 10,71 EUR Switzerland Federal Gov.: ERP-system 38 Mill. EUR 4,78 EUR Source: Commission Staff Working Document, European Commission, Brussels, March 2013 Page 15
16 Key Success Factors adoption of IPSAS Page 16
17 Key Success Factors for the adoption of IPSAS Sustained political/executive support Effective engagement and buy-in of stakeholders Ownership Technical capacity training, re-training and technical assistance (where needed) Public awareness and communications Automated information systems - GIFMIS Adequate funding Appropriate legal framework Page 17
18 Conclusion Page 18
19 Conclusion IPSAS/accrual accounting will not solve financial problems of the public sector, it would contribute to and promote better financial management in the future A clearer financial picture in the first years of implementation need to be seen as incentive for improvement and stimulus to further reforms Accrual accounting information needs to get embedded in decision-making and made use of by decision makers Scope of information increases significantly; key is to make use of these information Finally, accrual accounting requires a change of mind Page 19
20 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com EYGM Limited. All Rights Reserved.
GfK PURCHASING POWER INTERNATIONAL
GfK PURCHASING POWER INTERNATIONAL 1 Agenda 1. Europe 3 2. Americas 45 3. Asia & Near East 54 4. Afrika 66 5. Australia 68 6. Overview of countries and available levels 70 2 2 EUROPE 4 GfK
More information41 T Korea, Rep. 52.3. 42 T Netherlands 51.4. 43 T Japan 51.1. 44 E Bulgaria 51.1. 45 T Argentina 50.8. 46 T Czech Republic 50.4. 47 T Greece 50.
Overall Results Climate Change Performance Index 2012 Table 1 Rank Country Score** Partial Score Tendency Trend Level Policy 1* Rank Country Score** Partial Score Tendency Trend Level Policy 21 - Egypt***
More informationWorld Consumer Income and Expenditure Patterns
World Consumer Income and Expenditure Patterns 2014 14th edi tion Euromonitor International Ltd. 60-61 Britton Street, EC1M 5UX TableTypeID: 30010; ITtableID: 22914 Income Algeria Income Algeria Income
More informationAppendix 1: Full Country Rankings
Appendix 1: Full Country Rankings Below please find the complete rankings of all 75 markets considered in the analysis. Rankings are broken into overall rankings and subsector rankings. Overall Renewable
More informationInternational Financial Reporting Standards
International Financial Reporting Standards Of Growing Importance for U.S. Companies Assurance Services there is no longer a choice Three factors may influence your need to consider IFRS. First, many organizations
More informationReporting practices for domestic and total debt securities
Last updated: 4 September 2015 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on
More informationGlobal AML Resource Map Over 2000 AML professionals
www.pwc.co.uk Global AML Resource Map Over 2000 AML professionals January 2016 Global AML Resources: Europe France Italy Jersey / Guernsey 8 Ireland 1 Portugal 7 Luxembourg 5 United Kingdom 1 50 11 Spain
More informationConsolidated International Banking Statistics in Japan
Total (Transfer Consolidated cross-border claims in all currencies and local claims in non-local currencies Up to and including one year Maturities Over one year up to two years Over two years Public Sector
More informationThe big pay turnaround: Eurozone recovering, emerging markets falter in 2015
The big pay turnaround: Eurozone recovering, emerging markets falter in 2015 Global salary rises up compared to last year But workers in key emerging markets will experience real wage cuts Increase in
More informationTOWARDS PUBLIC PROCUREMENT KEY PERFORMANCE INDICATORS. Paulo Magina Public Sector Integrity Division
TOWARDS PUBLIC PROCUREMENT KEY PERFORMANCE INDICATORS Paulo Magina Public Sector Integrity Division 10 th Public Procurement Knowledge Exchange Platform Istanbul, May 2014 The Organization for Economic
More informationTriple-play subscriptions to rocket to 400 mil.
Triple-play criptions to rocket to 400 mil. Global triple-play criptions will reach 400 million by 2017; up by nearly 300 million on the end-2011 total and up by 380 million on the 2007 total, according
More informationDSV Air & Sea, Inc. Aerospace Sector. DSV Air & Sea, Inc. Aerospace
DSV Air & Sea, Inc. Aerospace Sector DSV Air & Sea, Inc. Aerospace Introduction to DSV DSV is a global supplier of transport and logistics services. We have offices in more than 70 countries and an international
More informationThe investment fund statistics
The investment fund statistics Narodowy Bank Polski (NBP) publishes data reported by investment funds which have been defined in Art. 3 section 1 of the Act of 27 May 2004 on investment funds (Journal
More informationTRANSFERS FROM AN OVERSEAS PENSION SCHEME
PENSIONS PROFILE DECEMBER 2011 TRANSFERS FROM AN OVERSEAS PENSION SCHEME = Summary A simplified guide to the process: 1. Individual requests transfer from their overseas pension scheme to their UK registered
More informationPreventing fraud and corruption in public procurement
Preventing fraud and corruption in public procurement CRIM, European Parliament 24 September 2012 Brussels János Bertók Head of division Public Sector Integrity OECD Data on trends in procurement Size
More informationTrends in Digitally-Enabled Trade in Services. by Maria Borga and Jennifer Koncz-Bruner
Trends in Digitally-Enabled Trade in Services by Maria Borga and Jennifer Koncz-Bruner Digitally-enabled are those for which digital information and communications technologies (ICT) play an important
More informationReport on Government Information Requests
Report on Government Information July 1 - December 31, 2015 Apple takes our commitment to protecting your data very seriously and we work incredibly hard to deliver the most secure hardware, software and
More informationSupported Payment Methods
Supported Payment Methods Global In the global payments market, credit cards are the most popular payment method. However, BlueSnap expands the payment selection by including not only the major credit
More informationForeign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund
Income INTECH Global Income Managed Volatility Fund Australia 0.0066 0.0375 Austria 0.0045 0.0014 Belgium 0.0461 0.0138 Bermuda 0.0000 0.0059 Canada 0.0919 0.0275 Cayman Islands 0.0000 0.0044 China 0.0000
More informationSupported Payment Methods
Sell Globally in a Snap Supported Payment Methods Global In the global payments market, credit cards are the most popular payment method. However, BlueSnap expands the payment selection by including not
More informationTable 1: TSQM Version 1.4 Available Translations
Quintiles, Inc. 1 Tables 1, 2, & 3 below list the existing and available translations for the TSQM v1.4, TSQM vii, TSQM v9. If Quintiles does not have a translation that your Company needs, the Company
More informationBetter Information Economic Efficiencies Net Debt Reduction Education Financing Competitiveness Investor Confidence Tax Relief. Sustainable Growth
Better Information Economic Efficiencies Net Debt Reduction Education Financing Competitiveness Investor Confidence Tax Relief Positive BENEFITS & Protective BENEFITS Sustainable Growth BENEFITS Points:
More informationWhat Is the Total Public Spending on Education?
What Is the Total Public Spending on Education? Indicator On average, OECD countries devote 12.9% of total public expenditure to, but values for individual countries range from less than 10% in the Czech
More informationFDI performance and potential rankings. Astrit Sulstarova Division on Investment and Enterprise UNCTAD
FDI performance and potential rankings Astrit Sulstarova Division on Investment and Enterprise UNCTAD FDI perfomance index The Inward FDI Performance Index ranks countries by the FDI they receive relative
More informationOverview of the OECD work on transfer pricing
Overview of the OECD work on transfer pricing Written contribution to the Conference Alternative Methods of Taxation of Multinationals (13-14 June 2012, Helsinki, Finland) by Marlies de Ruiter, Head of
More informationrelating to household s disposable income. A Gini Coefficient of zero indicates
Gini Coefficient The Gini Coefficient is a measure of income inequality which is based on data relating to household s disposable income. A Gini Coefficient of zero indicates perfect income equality, whereas
More informationReport on Government Information Requests
Report on Government Information January 1 - June 30, 2015 Apple takes our commitment to protecting your data very seriously and we work incredibly hard to deliver the most secure hardware, software and
More informationAmong the 34 OECD countries, Belgium performed above the OECD average in each of
BELGIUM ***Note- Some results for Belgium published today (3 December 2013) in the PISA 2012 international reports are in need of revision due to a technical error. An erratum is available from the PISA
More informationAudio Conferencing Service Comprehensive Telecommunications Services Group Number 77017 Award Number 20268 Contract Number PS63110
Audio Conferencing Comprehensive Telecommunications s Number PS63110 Audio Conferencing, Function or Device Reservationless Conferencing Solution Setup Meeting Center Multimedia Minute - Self-, Automated
More informationBT Premium Event Call and Web Rate Card
BT Managed Event and BT Self-Managed Event (also referred to as Express, Plus and Premium) Conference Bridge and Call for Booked Audio Conferencing Services will comprise the following for each phone-conference:
More informationReport on Government Information Requests
Report on Government Information July 1 - December 31, 2014 apple Apple takes our commitment to protecting your data very seriously and we work incredibly hard to deliver the most secure hardware, software
More informationInternational Call Services
International Call Services Affordable rates for business calls. Wherever you are in the world. We ve got plenty to say when it comes to staying in touch when you re overseas. We have agreements with 443
More informationSunGard Best Practice Guide
SunGard Best Practice Guide What Number Should I Use? www.intercalleurope.com Information Hotline 0871 7000 170 +44 (0)1452 546742 conferencing@intercalleurope.com Reservations 0870 043 4167 +44 (0)1452
More informationNon-Resident Withholding Tax Rates for Treaty Countries 1
Non-Resident Withholding Tax Rates for Treaty Countries 1 firms Non-Resident Withholding Tax Rates for Treaty Countries 1 Country 2 Interest 3 Dividends 4 Royalties 5 Annuities 6 Pensions/ Algeria 15%
More informationHow many students study abroad and where do they go?
From: Education at a Glance 2012 Highlights Access the complete publication at: http://dx.doi.org/10.1787/eag_highlights-2012-en How many students study abroad and where do they go? Please cite this chapter
More informationChapter 4A: World Opinion on Terrorism
1 Pew Global Attitudes Project, Spring 2007 Now I m going to read you a list of things that may be problems in our country. As I read each one, please tell me if you think it is a very big problem, a moderately
More informationKnow the Facts. Aon Hewitt Country Profiles can help: Support a decision to establish or not establish operations in a specific country.
Aon Hewitt Country Profiles Your eguide to employment requirements and practices Profiles for nearly 90 countries worldwide Risk. Reinsurance. Human Resources. Know the Facts Whether you are a newcomer
More informationEMEA BENEFITS BENCHMARKING OFFERING
EMEA BENEFITS BENCHMARKING OFFERING COVERED COUNTRIES SWEDEN FINLAND NORWAY ESTONIA R U S S I A DENMARK LITHUANIA LATVIA IRELAND PORTUGAL U. K. NETHERLANDS POLAND BELARUS GERMANY BELGIUM CZECH REP. UKRAINE
More informationSulfuric Acid 2013 World Market Outlook and Forecast up to 2017
Brochure More information from http://www.researchandmarkets.com/reports/2547547/ Sulfuric Acid 2013 World Market Outlook and Forecast up to 2017 Description: Sulfuric Acid 2013 World Market Outlook and
More informationJuly 2015. Figure 1. 1 The index is set to 100 in 2000. House prices are deflated by country CPIs in most cases.
July 2015 Globally, house prices continue a slow recovery. The Global House Price Index, an equally weighted average of real house prices in nearly 60 countries, inched up slowly during the past two years
More informationInternational investment continues to struggle
FDI IN FIGURES December 2014 International investment continues to struggle Figures for the first half of 2014 point to stalled FDI flows Findings FDI fell in the first quarter of 2014 before rebounding
More informationGlobal Dialing Comment. Telephone Type. AT&T Direct Number. Access Type. Dial-In Number. Country. Albania Toll-Free 00-800-0010 888-426-6840
Below is a list of Global Access Numbers, in order by country. If a Country has an AT&T Direct Number, the audio conference requires two-stage dialing. First, dial the AT&T Direct Number. Second, dial
More informationOn What Resources and Services Is Education Funding Spent?
Indicator On What Resources and Services Is Education Funding Spent? In primary, secondary and post-secondary non-tertiary education combined, current accounts for an average of 92% of total spending in
More informationCOST Presentation. COST Office Brussels, 2013. ESF provides the COST Office through a European Commission contract
COST Presentation COST Office Brussels, 2013 COST is supported by the EU Framework Programme ESF provides the COST Office through a European Commission contract What is COST? COST is the oldest and widest
More informationReview of R&D Tax Credit. Invitation for Submissions
Review of R&D Credit invitation for submissions Review of R&D Credit Invitation for Submissions February 2013 Economic and Fiscal Divisions Department of Finance Government Buildings, Upper Merrion Street,
More informationTHE LOW INTEREST RATE ENVIRONMENT AND ITS IMPACT ON INSURANCE MARKETS. Mamiko Yokoi-Arai
THE LOW INTEREST RATE ENVIRONMENT AND ITS IMPACT ON INSURANCE MARKETS Mamiko Yokoi-Arai Current macro economic environment is of Low interest rate Low inflation and nominal wage growth Slow growth Demographic
More informationWhat Proportion of National Wealth Is Spent on Education?
Indicator What Proportion of National Wealth Is Spent on Education? In 2008, OECD countries spent 6.1% of their collective GDP on al institutions and this proportion exceeds 7.0% in Chile, Denmark, Iceland,
More informationNUCLEAR OPERATOR LIABILITY AMOUNTS & FINANCIAL SECURITY LIMITS
NUCLEAR OPERATOR LIABILITY AMOUNTS & FINANCIAL SECURITY LIMITS AS OF DECEMBER 2009 The OECD Nuclear Energy Agency attempts to maintain the information contained in the attached table in as current a state
More informationRegion Country AT&T Direct Access Code(s) HelpLine Number. Telstra: 1 800 881 011 Optus: 1 800 551 155
Mondelēz International HelpLine Numbers March 22, 2013 There are many ways to report a concern or suspected misconduct, including discussing it with your supervisor, your supervisor s supervisor, another
More informationClinical Trials. Local Trial Requirements
Clinical Trials Clinical trials insurance covers the legal liabilities of the insured in respect of clinical trials for bodily injury arising from the trial. The coverage provided by Newline is on the
More informationTurkish Arab Economic Forum June 29, 2012. Mehmet Şimşek. Minister of Finance
Turkish Arab Economic Forum June 29, 2012 Mehmet Şimşek Minister of Finance 1 Outline Turkey: Short Term Outlook Managing a Soft Landing Fallout from the Euro Crisis Turkey & MENA REBALANCING Growing ON
More informationGlobal Economic Briefing: Global Inflation
Global Economic Briefing: Global Inflation August 7, Dr. Edward Yardeni -97-7 eyardeni@ Debbie Johnson -- djohnson@ Mali Quintana -- aquintana@ Please visit our sites at www. blog. thinking outside the
More information1. Name of pharmacopoeia
1 1. Name of pharmacopoeia European Pharmacopoeia 36 Member states (Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece,
More informationAn introduction to the World Federation of Occupational Therapists (WFOT)
An introduction to the World Federation of Occupational Therapists (WFOT) WHAT IS THE WORLD FEDERATION OF OCCUPATIONAL THERAPISTS? The key international representative for occupational therapists and occupational
More informationInternational aspects of taxation in the Netherlands
International aspects of taxation in the Netherlands Individuals resident in the Netherlands are subject to income tax on their worldwide income. Companies established in the Netherlands are subject to
More informationNEW PASSENGER CAR REGISTRATIONS BY ALTERNATIVE FUEL TYPE IN THE EUROPEAN UNION 1 Quarter 4 2015
NEW PASSENGER CAR REGISTRATIONS BY ALTERNATIVE FUEL TYPE IN THE Quarter 4 2015 Alternative fuel vehicle (AFV) registrations: +20.0% in 2015; +21.1% in Q4 In the fourth quarter of 2015, total alternative
More informationDevelopment aid in 2015 continues to grow despite costs for in-donor refugees
OECD Paris, 13 April 2016 Development aid in 2015 continues to grow despite costs for in-donor refugees 2015 Preliminary ODA Figures In 2015, net official development assistance (ODA) flows from member
More informationNUCLEAR OPERATOR LIABILITY AMOUNTS & FINANCIAL SECURITY LIMITS
NUCLEAR OPERATOR LIABILITY AMOUNTS & FINANCIAL SECURITY LIMITS AS OF JUNE 2011 The OECD Nuclear Energy Agency attempts to maintain the information contained in the attached table in as current a state
More informationContact Centers Worldwide
A Contact Centers Worldwide Country Tel.no. Supported lang. Contact Center Albania Algeria 852 665 00 +46 10 71 66160 Angola 89900 +34 91 339 2121 (Port) and Portuguese +34 913394044 +34 913394023 (Por)
More informationUpdated development of global greenhouse gas emissions 2013
Updated development of global greenhouse gas emissions 2013 Hans-Joachim Ziesing Low Carbon Markets and the Legacy of Nuclear Power 19 th REFORM Group Meeting, Schloss Leopoldskron, Salzburg September
More informationIntroducing Clinical Trials Insurance Services Ltd
Introducing Clinical Trials Insurance Services Ltd Important Staff Richard Kelly Managing Director Richard joined CTIS in 2006 having previously managed the Pharmaceutical wholesale division at Heath Lambert
More informationGlobal Effective Tax Rates
www.pwc.com/us/nes Global s Global s April 14, 2011 This document has been prepared pursuant to an engagement between PwC and its Client. As to all other parties, it is for general information purposes
More information2015 Country RepTrak The World s Most Reputable Countries
2015 Country RepTrak The World s Most Reputable Countries July 2015 The World s View on Countries: An Online Study of the Reputation of 55 Countries RepTrak is a registered trademark of Reputation Institute.
More informationE-Seminar. Financial Management Internet Business Solution Seminar
E-Seminar Financial Management Internet Business Solution Seminar Financial Management Internet Business Solution Seminar 3 Welcome 4 Objectives 5 Financial Management 6 Financial Management Defined 7
More informationOverview of FAA Bilateral Agreements
Overview of FAA Bilateral Agreements Presented to: Aviation Suppliers Association Conference By: Chris Carter, Manager, AIR International Office Date: June 16, 2014 Objective Discuss the challenges that
More informationWorld Leasing Yearbook 2016
Brochure More information from http://www.researchandmarkets.com/reports/3687603/ World Leasing Yearbook 2016 Description: The 2016 edition provides valuable reference data for all players in the field,
More informationSoftware Tax Characterization Helpdesk Quarterly June 2008
& McKenzie Software Tax Characterization Helpdesk Quarterly June 2008 Characterizing foreign software revenues is a complex challenge for large and small software firms alike. Variations in the rules around
More informationTOMTOM BONUS INTERNATIONAL MAP INDONESIA PROMOTION HOW TO CLAIM
TOMTOM BONUS INTERNATIONAL MAP INDONESIA PROMOTION HOW TO CLAIM a) To be eligible to claim, individuals must purchase an eligible TomTom GPS model (as stipulated below in Clause 11) from a participating
More informationThe Determinants of Global Factoring By Leora Klapper
The Determinants of Global Factoring By Leora Klapper Factoring services can be traced historically to Roman times. Closer to our own era, factors arose in England as early as the thirteenth century, as
More informationINTERNATIONAL TRADEMARK REGISTRATION UNDER THE MADRID PROTOCOL
INTERNATIONAL TRADEMARK REGISTRATION UNDER THE MADRID PROTOCOL Presented to The American Bar Association Spring Meeting Washington, D.C., April 24, 2013 Bruce Alexander McDonald BUCHANAN INGERSOLL & ROONEY
More informationBrochure More information from http://www.researchandmarkets.com/reports/1339929/
Brochure More information from http://www.researchandmarkets.com/reports/1339929/ The 2011 World Forecasts of Machine Tools That Remove Material by Laser or Light, Photon, Ultrasonic, Electro-Discharge,
More informationBuilding a Global Internet Company: Driving Traffic to Your Site. Benjamin Edelman Harvard Business School
Building a Global Internet Company: Driving Traffic to Your Site Benjamin Edelman Harvard Business School Mumbai, India January 20, 2012 About me Assistant Professor, Harvard Business School Teaching:
More informationSuccessFactors Employee Central: Cloud Core HR Introduction, Overview, and Roadmap Update Joachim Foerderer, SAP AG
Orange County Convention Center Orlando, Florida June 3-5, 2014 SuccessFactors Employee Central: Cloud Core HR Introduction, Overview, and Roadmap Update Joachim Foerderer, SAP AG SESSION CODE: 1812 Cloud
More informationEuler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION
Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION Agenda 1 The Euler Hermes group 2 Our business 3 Our products and solutions 4 Our added value 2 The Euler
More informationLogix5000 Clock Update Tool V2.00.36. 12/13/2005 Copyright 2005 Rockwell Automation Inc., All Rights Reserved. 1
Logix5000 Clock Update Tool V2.00.36. 1 Overview Logix5000 Clock Update Tool 1. 1. What is is it? it? 2. 2. How will it it help me? 3. 3. How do do I I use it? it? 4. 4. When can I I get get it? it? 2
More informationINTERNATIONAL OVERVIEW John Wilkinson SVP Sales & Products
INTERNATIONAL OVERVIEW John Wilkinson SVP Sales & Products DE- C I X N G N L A U N C H E V E N T 2 Introduction XConnect provides secure, managed ENUM Registries and SIP based peering services to enable
More informationList of tables. I. World Trade Developments
List of tables I. World Trade Developments 1. Overview Table I.1 Growth in the volume of world merchandise exports and production, 2010-2014 39 Table I.2 Growth in the volume of world merchandise trade
More informationAMADEUS: Analyse MAjor Databases from EUropean Sources - A financial database of 4 million European companies, including Eastern Europe MODULE.
AMADEUS http://amadeus.bvdep.com/ip AMADEUS: Analyse MAjor Databases from EUropean Sources - A financial database of 4 million European companies, including Eastern Europe MODULE. General AMADEUS contains
More informationDigital TV Research. http://www.marketresearch.com/digital-tv- Research-v3873/ Publisher Sample
Digital TV Research http://www.marketresearch.com/digital-tv- Research-v3873/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am -
More informationPORTABILITY OF SOCIAL SECURITY AND HEALTH CARE BENEFITS IN ITALY
PORTABILITY OF SOCIAL SECURITY AND HEALTH CARE BENEFITS IN ITALY Johanna Avato Human Development Network Social Protection and Labor The World Bank Background study March 2008 The Italian Social Security
More informationGE Grid Solutions. Providing solutions that keep the world energized Press Conference Call Presentation November 12, 2015. Imagination at work.
GE Grid Solutions Providing solutions that keep the world energized Press Conference Call Presentation November 12, 2015 Press Conference Call Recording: Toll Free: +1 (855) 859-2056 Toll: +1 (404) 537-3406
More informationTHE ADVANTAGES OF A UK INTERNATIONAL HOLDING COMPANY
THE ADVANTAGES OF A UK INTERNATIONAL HOLDING COMPANY Ideal Characteristics for the Location of an International Holding Company Laurence Binge +44 (0)1372 471117 laurence.binge@woolford.co.uk www.woolford.co.uk
More informationNORTHERN TRUST GLOBAL TRADE CUT OFF DEADLINES
Argentina T+3 Only Govt Tsy Bills (Letes) have a settlement cycle of T+1, other fixed income securities have a T+3 settlement cycle. T+0 OTC Market (MAE) SD 1200 9amSD-2 9am SD T+3 T+0 SD 1500 9am SD 9am
More informationTHE ETHICS HELPLINE Worldwide Dialing Instructions April 2012
COUNTRY DIALING INSTRUCTIONS US, Canada and Virgin Islands The Ethics Helpline is always available, 24/7/365 888 478 6858 (Dialing instructions for other jurisdictions follow) Coming soon internet reporting
More informationWorking Holiday Maker visa programme report
Working Holiday Maker visa programme report 30 June 2015 This page is left blank intentionally. Table of Contents About this report 1 Enquiries 1 Definition of terms 2 Background to the Working Holiday
More informationBangladesh Visa fees for foreign nationals
Bangladesh Visa fees for foreign nationals No. All fees in US $ 1. Afghanistan 5.00 5.00 10.00 2. Albania 2.00 2.00 3.00 3. Algeria 1.00 1.00 2.00 4. Angola 11.00 11.00 22.00 5. Argentina 21.00 21.00 42.00
More informationTax Initiatives The Common Reporting Standard
Treasury and Trade Solutions February 2016 Tax Initiatives The Common Reporting Standard The Common Reporting Standard (CRS) The Common Reporting Standard - Overview The Common Reporting Standard ( CRS
More informationPerrigo Company Acquisition of Elan Corporation plc Exchange of Perrigo common shares Frequently Asked Questions & Answers
Perrigo Company Acquisition of Elan Corporation plc Exchange of Perrigo common shares Frequently Asked Questions & Answers On November 18, 2013, Perrigo Company ( Perrigo ) announced that its shareholders
More informationInternational Higher Education in Facts and Figures. Autumn 2013
International Higher Education in Facts and Figures Autumn 2013 UK Higher Education International Unit International higher education in facts and figures covers the majority of the UK higher education
More informationDefinition of Public Interest Entities (PIEs) in Europe
Definition of Public Interest Entities (PIEs) in Europe FEE Survey October 2014 This document has been prepared by FEE to the best of its knowledge and ability to ensure that it is accurate and complete.
More informationReport on Government Information Requests
Report on Government Information Requests January - June, Apple takes our commitment to protecting your data very seriously and we work incredibly hard to deliver the most secure hardware, software and
More informationDevelopment aid stable in 2014 but flows to poorest countries still falling. Detailed summary
OECD - Paris, 8 April 2015 Development aid stable in 2014 but flows to poorest countries still falling Key aid totals in 2014 Detailed summary In 2014, net official development assistance (ODA) flows from
More informationIntroducing GlobalStar Travel Management
Introducing GlobalStar Travel Management GlobalStar is a worldwide travel management company owned and managed by local entrepreneurs. In total over 80 market leading enterprises, representing over US$13
More informationWealth Accounting and Valuation of Ecosystem Services (WAVES): a Global Partnership. Natural Capital Accounting for Sustainable Development
Wealth Accounting and Valuation of Ecosystem Services (WAVES): a Global Partnership Natural Capital Accounting for Sustainable Development WAVES Implementation and Funding Partnership Core Implementing
More informationVerdict Financial: Wealth Management. Data Collection and Forecasting Methodologies
Verdict Financial: Wealth Management Data Collection and Forecasting Methodologies April 2014 Contents Global Wealth Markets Methodology Methodology Methodology 2 Global Wealth Markets Section 1: Global
More informationGlobal Network Access International Access Rates
Global Network Access International Access Rates We know that you need to communicate with your partners, colleagues and customers around the world. We make every effort to understand the difficulties
More informationHow To Get A New Phone System For Your Business
Cisco Phone Systems Telemarketing Script Cold Call 1. Locate Contact: Name listed Owner General Manager / Office Manager Chief BDM (Business Decision Maker) Note: Avoid talking to IT since this is not
More informationDEMOGRAPHICS AND MACROECONOMICS
1 UNITED KINGDOM DEMOGRAPHICS AND MACROECONOMICS Data from 2008 or latest available year. 1. Ratio of over 65-year-olds the labour force. Source: OECD, various sources. COUNTRY PENSION DESIGN STRUCTURE
More informationData Modeling & Bureau Scoring Experian for CreditChex
Data Modeling & Bureau Scoring Experian for CreditChex Karachi Nov. 29 th 2007 Experian Decision Analytics Credit Services Help clients with data and services to make business critical decisions in credit
More informationCredit transfer to Customer account with AS "Meridian Trade Bank" EUR, USD free of charge * - 4.1.2. Other countries currency information in the Bank
Pricelist for individuals residents of Latvia SERVICES 4. TRANSFERS In the Bank PRICE LIST IN EUR Using «MultiNet» 4.1. 4.1.1. Credit transfer to Customer account with EUR, USD free of charge * 4.1.2.
More information