Subsequent events Students of financial reporting and auditing papers will have to gain an understanding of how subsequent events (also known as ‘events after the reporting period’) affect the financial statements of an entity. This article will consider the financial reporting aspects concerning subsequent events using a case study type scenario‚ and will then discuss the auditing requirements that candidates of Paper F8‚ Audit and Assurance need to be aware of. Financial reporting considerations
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Ethical Principles Relating to The Tuskegee Syphilis Study The Tuskegee Syphilis Study is a well-known public health concern. Dating back to 1932‚ it has since helped govern the principles of ethics in the United States (CDC‚ 2016). The four major ethical principles‚ “respect for autonomy‚ beneficence‚ non-maleficence‚ and justice”‚ relate to the Tuskegee Syphilis Study through many aspects (Gillon‚ 1994). There are numerous ethical and legal lessons that have been refined since the unfortunate study
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Egoism is one of four popular ethical theories. The principle‚ or basic premise behind the Egoism theory is that self-interest is most important. By definition‚ egoism is the theory that one’s self is‚ or should be‚ the motivation and the goal of one’s own action (Internet Encyclopedia of Philosophy). An argument can be made that no human ever makes a decision without considering themselves‚ or that there is no true altruistic act anyways. So‚ it is important to differentiate a normal decision a
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assets B. Subsidiary C. Service departments D. Exclusive cash generating unit 7. Assume that employees confessed to a P500‚000 inventory theft but are not able to make restitution. How should this material fraud be shown in the company’s financial statements? A. Classified as loss and shown as a separate line item in the statement of comprehensive income. B. Initially classified as an account receivable because the employees are responsible for the goods. Because they cannot pay‚ the loss
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Among the ethics‚ there are ethical principles for helping an anthropologist to get solution their works. The first ethical principle is that according to the AAA‚ “A primary ethical obligation shared by anthropologists is to do no harm.” (AAA‚ 2012) That means that before conducting any research an anthropologist should consider the possible ways that their research may cause harm. especially among vulnerable populations‚ it is significant to avoid harm to dignity and to bodily and material well-being
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Financial Analysis and Interpretation | Kier Group Plc vs. Barratt Developments Plc | | This report is about the financial analysis and interpretation of two construction companies. Analysis and comparison is based upon 4 broad areas: financial performance‚ financial position‚ corporate governance and corporate social and environmental reporting. | | Mr Gajender‚ Student ID- 1025087 | 3/14/2013 | Word Count- 4‚116 | Table of Contents 1. Introduction4 1.1 Introduction to Companies4
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• Accounting is the system that measures business activities and process information into reports. • Accountant maintain‚ audit and prepare financial records for a person or a company. • Main careers in accounting - bookkeeper‚ auditor‚ financial advisor‚ taxation‚ carbon accountant and accountant etc… • Bookkeeping is recording financial recorders and summaries of financial transaction. Accounting is measuring business activities and process information into reports. • Main professional accounting
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Principles‚ Methods and Ethical principles of communication The purpose of this paper is to discuss the 7 principles of patient- nurse communication and how it applies to me and my interaction with patients‚ The 3 Methods of interdisciplinary communication and the SBAR communication applies to my own practice and the ethical principles that are applied to patient- clinician (Paget‚ Han‚ Nedza‚ Kurtz‚ Racine‚ Russell‚ Santa‚ Schumann‚ Simha & Von Kohorn‚ I. (2012) states that the seven principles
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ETHICAL PRINCIPLES/THEORIES Situation Ethics o Situation ethics views Pornography as moral if and only if it is used in moderation and with the right mind set of the individual to use it to benefit oneself or others in a good way. A married couple who are unable to show their love to each other can use a type of pornography called “cybersex” to help them cope up with the loneliness of being away from their loved one. o But if an individual indulges his/herself into pornography to harm
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Question 5 “Financial accounting is compulsory for companies. Therefore it must be the only type of accounting that managers need.” You are required to: Discuss the above statement and provide examples to support your points of view. (25 marks) Financial accounting is the field of accountancy concerned with the preparation of financial statements for decision makers‚ such as stockholders‚ suppliers‚ owners and other stakeholders. The fundamental need for financial accounting is to reduce
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