Skip to main content

Economic Sanctions on Iran


Sanctions; In a nutshell
Sanctions are basically threatened penalty for disobeying a law or rule. Sanctions can be applied to any country, any organisation or any individual whenever they try to violate the international laws,rules and regulations. The purpose of implementing sanctions is to ensure international peace, security and solidarity.
Sanctions can be imposed by the UN Security Council, the European Union (UN) and individual states. whenever an individual state wants to impose sanctions, it can and there is no need to take permission from the UN Security Council or the European Union.

Economic Sanctions on Iran
The first ever sanctions on Iran imposed by the United States in November 1979 after a group of radical students attacked the US embassy in Tehran and arrested the embassy officials. Then the US authority made sanctions by executive order 12170 and seized about $12 billion Iranian assets including bank deposits, gold and other properties.

Comments

Post a Comment

Popular posts from this blog

Techniques used in Capital Budgeting (with advantages and limitations)

Techniques used in Capital Budgeting (with advantages and limitations) Capital Budgeting : Capital budgeting can be defined as a process of identifying, evaluating, determining & selecting   long term investment proposal where return are expected over the one year. Capital budgeting consists of various techniques used by managers such as : 1. Net present value method: The net present value (NPV) method is a process of calculating the present value of cash flows (inflows and outflows) of an investment proposal, using the cost of capital as the appropriate discounting rate, and finding out the net profit value, by subtracting the present value of cash outflows from the present value of cash inflows. Decision making criteria : NPV greater than 0 = Accept NPV less than 0 = Reject NPV equal 0 = indifferent position Advantages: 1. It recognizes the time value of money 2. It considers all cash flows over the entire life of the project in its calcul...
1 comment
Read more

Audit of Government Accounts

CONCEPTS OF GOVERNMENT AUDIT Government audit is applicable to Government departments and departmental undertakings. Government of India maintains a separate department known as Accounts and Audit Department. Comptroller and Auditor General of India heads this department. In India the President appoints the Comptroller and Auditor General of India under Article 149 of the Constitution, which gives the powers and rights and fixes his responsibility for the audit of Government departments and institutions. Government audit is divided into several branches like Defense, Railways, Posts and Telegraphs audit. It works only for government offices and departments. This department cannot undertake audit of non-government concerns. Its working is strictly according to government rules and regulations. OBJECTIVES OF GOVERNMENT AUDIT The objectives of government audit are as follows: 1. To make sure that the expenditure is incurred out of the fund, which the competent author...
Post a Comment
Read more
Types of Audit Report : there are four types of audit reports issued by auditors on financial statements.Each type of report contains different meaning and message from auditor to users of financial statements   1.Unqualified Audit Report : Unqualified audit report issued by yhr auditor to financial statements when auditor found no material misstatements after their testing.  this report contains the unqualified openion from an indipendent auditor. the report  showed that the entity financial statement are prepared and present true and fair complying with accounting framework besing used. 2.Qualified Audit report: The qualified audit report is the report that issue by auditor to financial statement that found meterial misstatements on them.  But those material misstatements are not pervasiv. For example, the operatin balance of the entity contains a large number of inventories that could not varify.  3. Adverse Audit openion: Adverse...
4 comments
Read more