Journal of Basic and Applied Sciences‚ 5(11): 2092-2096‚ 2011 ISSN 1991-8178 The Impact of Professional Ethics on Financial Reporting Quality 1 1-2 Mahdi Mahdavikhou‚ 2Mohsen Khotanlou Young Researchers Club‚ Hamedan Branch‚ Islamic Azad University‚ Hamedan‚ Iran. Abstract: This research aims to study the impact of professional ethics on promoting quality of financial reporting. The statistical population in this study includes 440 listed companies in Tehran Stock Exchange (TSE) in 2010. Using
Premium Ethics
Financial abuse is sometimes called material exploitation or financial exploitation. Financial abuse occurs when an individual’s property‚ assets or funds are used illegally or improperly. Patients who are in a nursing home might be in a unique situation to fall victim to financial abuse‚ as they might be unaware of the fraud being inflicted upon them. Most residents are unaware of the financial abuse that involves their money or assets. An investigation should be launched immediately if family members
Premium Health care Fraud Patient
The Comparative Analysis of Financial Reporting Between China and the UK Introduction As commonly acknowledged‚ accounting‚ as a social science‚ a language of economy‚ is affected by the environment in which it stays; In the meantime‚ it also brings impact on this environment (Černe 2009). There are numerous factors that affect the accounting system of a country‚ such as culture‚ politics and economy and other non-accounting factors (Nobes & Parker 2010). China is one of the most populous
Premium International Financial Reporting Standards Financial statements Generally Accepted Accounting Principles
Teenagers need more freedom How were you when you were young? Didn’t you try to experiment with anything? I’m sure you did. You drank. You smoked. You did drugs. And you dated. You may have not done it but you surely must have thought about it. The point is we all come across a stage in life when we want to experiment. We all want to try different things‚ and see what the world offers us. Experimenting is a part of life and its part of growing up. We should be allowed to try new things. We
Premium 2006 albums Economics We Are the World
There is no impairment of goodwill. It is group policy to value non-controlling interest at full fair value. At the acquisition date the non-controlling interest was valued at $9‚000. Prepare the consolidated statement of financial position of Ping @ 30.6.X8. Statement of Financial Position @ 30.6.X8: Ping Co $ Pong Co $ ASSETS Non-current assets Property‚ plant & equipment 20‚000 ordinary shares in Pong at cost Current assets Inventory Owed by Ping Co Receivables Cash 50‚000
Premium Generally Accepted Accounting Principles Balance sheet
Financial Instruments and Hedging: Measurement Challenges Page 5.11-9 (c) These pre-tax earnings resulted from a transaction with an LJM1 affiliate related to Enron’s equity investment in Rhythms Netconnections‚ Inc. As previously stated‚ Enron now believes‚ based on current information‚ that the financial activities of the LJM1 affiliate should have been consolidated into its financial statements in 1999 and 2000 and will be restating prior years’ financial statements to reflect this change
Premium Enron
Long-Term Financial Needs Tad Mendez FIN 486 May 3‚ 2015 Cyndie Shadow Long-Term Financial Needs Determining long term financial needs can be important because they allow the finance section of an organization layout the future expenses for the next year. Pro forma balance sheets detail the projected funds required for the following year. There are also year-end ratios that must be calculated to determine the health of the organization. This financial report will also include how the numbers
Premium Balance sheet Generally Accepted Accounting Principles Asset
emerging market economies‚ India and China. China’s managed liberalization has allowed it to achieve more rapid growth and has attracted a larger portion of direct foreign investment. India‚ with its messy democracy and nod to individualism in recent times promises a more exciting market environment with greater potential for future growth. The liberalization of the Indian economy since 1991 has exposed Indian firms to foreign competition and foreign investment. As a result‚ the information needs required
Premium International Financial Reporting Standards Financial statements
There is more to Financial Accounting than meets the Eye ACCT 201 The Impact of Financial Accounting The current economy reinforces the necessity for businesses and organizations to maintain a strict watch over their assets. “Two-thirds of new establishments survive two years and 44 percent survive at least four years” (Knaup‚ 2005‚ p. 50). These survival rates are based across the spectrum of all industries. Despite the views that other industries survive more frequently‚ research shows that
Premium Financial statements Balance sheet Income statement
Financial Accounting Final Study Guide Liabilities – Probable debts or obligations that result from past transactions Current Liabilities – Are due within one year of the balance sheet date Liquidity – The ability to pay current obligations Working capital – Current assets minus current liabilities Accrued Liabilities – Expenses that have been incurred but have not been paid at the end of the accounting period Deferred Revenues – Revenues that have been collected but not yet earned‚ they are
Premium Corporate finance Bond Stock