"Before a principal or assistant principal is permanently appointed, the DoE often appoints an Interim Acting (IA) principal or assistant principal." this is from the blog jd2718 which explains the appointment process from a UFT teacher's point of view. Update: A few people have written to ask what "interim acting" means. She is a graduate of of Hunter College and Brooklyn College.įor a little more information and a lovely picture (so you can say hi when you see her on the street) you can check out her bio on the PS 261 website It sounds like the teachers working with her will have a lot of support because she worked at 261 implementing new curriculum and modeling instructional practices for new teachers. She had been at 261 since 1996 as a teacher and Math Coach. Lena Barbera has been an AP at the lovely PS 261.
#Interim acting principal definition how to
See also this IFRIC agenda decision where the Committee shows how to apply the principles described above to software resellers.I just got word that a new interim acting principal has been assigned to PS 20 and by all accounts she is AMAZING. See Examples 45, 46, 46A, 47, 48 and 48A accompanying IFRS 15. For example, when a travel agent buys airline tickets in advance and then sells them to a tourist, it can consider itself a principal and recognise gross revenue.
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Paragraph IFRS 15.B34A clearly states that the good or service provided to the customer could be a right to a good or service to be provided in the future by another party. For example, when a travel agent sells an airline ticket to a tourist, will it always act as an agent in IFRS 15 meaning because the service (the flight) will be provided by an airline? The answer is no. agent considerations relate to services when the entity will not itself provide a final service. agent considerations in relation to services Paragraph IFRS 15.B35A provides additional guidance to be applied in situations when another party is involved in providing goods or services to a customer. It was concluded by the IASB that it is mostly irrelevant as agents are often exposed to credit risk as well as principals. It is worth noting that exposure to credit risk is not listed above as a factor to be considered. discretion in establishing the price for the specified good or service.primary responsibility for the good or service meeting customer specifications.Paragraph IFRS 15.B37 provides helpful examples in assessing whether a reporting entity controls a good or service before it is transferred to the customer: Conversely, an agent only arranges for the provision of goods or services by another party without taking control over those goods or services before they are transferred to a customer. Step no.1 is especially important in relation to services and intangible assets.Īs mentioned earlier, principal is a party that controls a good or service before it is transferred to a customer. assess whether the reporting entity controls identified good or service before that good or service is transferred to the customer.
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identify the specified goods or services to be provided to the customer.
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Paragraph IFRS 15.B34A provides an important two-step framework in making such an assessment: Paragraph IFRS 15.B34 requires entities to assess whether they act as a principal or an agent for each good and service provided to a customer.