"2011 the prevailing ethical systems advocated for the accounting profession are 1 rule deontology and 2 utilitarianism" Essays and Research Papers

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    Kantian Deontology In our world today it is often hard to genuinely decide what in fact is right or wrong. The reason that it is so tough to determine is because of our human nature given everyone has their own opinion. We do not all think the same or think the same actions and consequences have the same effect. It is this reason we analyze situations with ethical theories‚ such as that of Kant’s deontology. Kant’s theory in its own right has a strong moral foundation in which it seems understandable

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    Information System University (IBAIS)‚ Dhaka. After the completion of all the courses of BBA program every student

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    “Protecting the firm ’s assets through a good internal control system. The objective is to guard against loss of assets because of theft‚ accidental destruction‚ and errors. Assurance must exist that transactions related to assets have been properly processed and that appropriate physical handling and control over assets exist.” MYOB is a computerised accounting system in which it provides users with an exclusive modern integrated accounting package for relevant tasks of an accountant such as bookkeeping

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    cost accounting Chapter 1

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    CHAPTER 1 INTRODUCTION TO COST ACCOUNTING QUESTIONS 1. Management accounting stresses the informational needs of internal users over those of external users (the focus of financial accounting). Because of this perspective‚ management accounting provides information in a format that is flexible and relevant to a particular manager‟s usage. Financial accounting‚ on the other hand‚ must provide some uniformity in the manner in which information is presented for it to be comparable among companies and

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    Accounting Ethics 2

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    COST‚ RATHER THAN THE MUCH LOWER AMOUNT THAT REAL ESTATE APPRAISERS SAY THEY ARE REALLY WORTH. 1. WHY DO YOU THINK THE CEO IS SO CONCERNED WITH THE AMOUNT OFASSETS REPORTED ON THE BALANCE SHEET?(5 MARKS) The CEO is concerned with the amount of assets reported on the balance sheet due to following reasons. 1. The CEO needs to positive balance sheet in order to secure a loan from UIC bank. 2. The UIC bank will be concerned with their assets and liabilities which are mentioned in the balance

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    harmonization of accounting system. Accounting Standards are the statements of code of practice of the regulatory accounting bodies that are to be observed in the preparation and presentation of financial statements. The Generally Accepted Accounting Principles is comprised of a large group of individual accounting standards. Accounting Standards in other words can be stated as rules which govern the preparation of financial statements. They are the generally accepted accounting principles (GAAP)

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    Accounting Chapter 1 Notes

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    Chapter 1 – Introduction to Financial Accounting Learning Objectives: After studying Chapter 1‚ you should be able to * Discuss the different classifications of financial transactions * Define an equity investor and a debt investor and understand the difference * Discuss the role of the Securities and Exchange Commission * Name the Big Four accounting firms and define the term “independent auditor” * Define corporate governance * Discuss GAAP and IFRS and the concept of

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    Rule 1 in nonfiction writing: Talk to the people who were there. Rule 2 in nonfiction writing: Corroborate people’s memories of the event with court records and other official documents. Why there’s a Rule 2: Occasionally a source will tell you a tall tale. Be skeptical. Rule 3: Define your story with facts but remember that drama lies with people. Rule 4: Be persistent because often people avoid talking about deep and sometimes painful memories. Rule 5: Letters‚ diaries‚ journals and photos

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    cost accounting 2

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    1/ Variable Costs: The variable cost will be 40% higher [ an increase of 21‚000 - 15‚000=6‚000 units] Direct Material used 1‚060‚000 Variable Costs: Direct Labor 1‚904‚000 Direct material used [ 1‚060‚000 *1.4] 1‚484‚000 Unit costs [ 6‚335‚600 / 21‚000] =$ 301.7 Indirect Materials and supplies 247‚000 Direct Labor [ 1‚904‚000 * 1.4] 2‚665‚600 Variable Cost/ Unit = 228.27 at both 15k & 21k units Power to run plant eqip 213‚000 Indirect Materials

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    utilitarianism

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    would mean that a Utilitarian would agree with the magistrate’s decision on framing the innocent man. The reason behind this agreement is that since the one man being killed is saving lives and saving chaos it makes it ethical‚ from a utilitarian standpoint. According to utilitarianism one must consider the consequences of a certain action. So in this case the magistrate must weigh the pros and cons of the decision to execute this man. The magistrate must be a utilitarian because he decided to kill

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