CHAPTER 1 THE PROBLEMS AND ITS BAKGROUND The rapid growth of computers in field of technology is truly remarkable. Computerized software is considered as assets in any working environment. Now we can see computers everywhere‚ in school‚ different establishment and also is a field of business. Even doctors‚ engineers and accountant use computers in their daily routine. It is because computes made the work a lot easier and faster. These are noted for its capacity to store large amount of information
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changed over and over because different Presidents in office. Because of this‚ some laws have been altered or eliminated so that deregulation could override government regulation. Deregulation relaxes laws so that the industry can self-regulate on the principle that it should be allowed to without government support or sanction. The devastation of Enron‚ WorldCom and the sub-prime market caused the passing of the Sarbanes-Oxley Act by Congress. LEGAL ISSUE The legal issue in this article shows legal
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and the Distributer provided that title to‚ and risk of loss with respect to‚ the product would not have passed to the Distributer until the product was delivered to the Distributer’s facility. In this scenario‚ using generally accepted accounting principles (GAAP) requirements‚ revenue cannot be recognized as the seller has not done everything required under the sales agreement. In this specific sales agreement‚ title and risk of the shipment remains the seller’s until received by the buyer. Therefore
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International comparison of Australian administrative law As said above‚ Australia is considered to have a unique administrative law structure within common law jurisdictions. Dolehide attributes this to the factual control the Australian executive has over the legislature‚ which has allowed the federal government to consolidate administrative law reforms and implement new policies. Conversely‚ the American system‚ with stricter separation of powers‚ is more susceptible to ‘intra-executive discord’
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organizing‚ promoting its tourism industry is of primary importance in the Philippines. Presidential Decree No.189 (May 11‚ 1973) - Department of Tourism created by virtue. It is primary policy making‚ planning‚ programming‚ coordinating and administrative entity of executive branch in the development of the tourism industry‚ both domestic and international. DOT Major Functions: 1. Supervise the activities of the government. 2. Effect the removal of unnecessary barriers to travel. 3. Formulate
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| 98. | 24. | 49. | 74. | 99. | 25. | 50. | 75. | 100. | THEORIES (50 items) 1. The objectives of financial reporting for business enterprises are based on a. reporting on management’s stewardship b. Generally accepted accounting principles c. the needs of the users of the information d. Accountancy Law 2. Which of the following basic elements are directly related to the measurement of financial position? a. Assets‚ liabilities‚ income b. Revenues and expenses c
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250II(B) Acts and Proceedings of Public Officers and Boards and Municipalities 250k63 k. Officers Subject to Mandamus in General. Most Cited Cases To render mandamus a proper remedy‚ the officer to whom it is directed‚ must be one to whom‚ on legal principles‚ such writ may be directed‚ and the person applying for it must be without any other specific and legal remedy. Mandamus 250 63 170B Federal Courts 170BVII Supreme Court 170BVII(A) In General 170Bk445 k. Appellate Jurisdiction and Procedure in
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competitors without losing customers. However‚ it cannot change prices that would result in less income than expenses without taking the survival of the business .Profit is essential for a business t remain in operation and it one of the most important principle of a free enterprise system .one of the factor of establishing rules and regulation as well. The government often enacts laws to promote safe working conditions and to ensure safe products .for example there are laws established to limit the numbers
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On his way to a meeting‚ Mr. Mzee boards a matatu plying his route. The driver turns the music volume up which he complains. He is ignored and his continued “nagging” leads to ejection at the next stage. He arrives late for the meeting. Back home a new neighbor who is always playing loud music has refused to heed calls to cease the habit and argues that law will not stop him as it does not work. With reference to the above scenario‚ discuss the efficacy of law as an instrument of social control
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last quarter of 20X1. They are also worried about the adverse effects of such accounting on the company’s quality of earnings and thereby on its planned public stock offering in February 20X2. The present US GAAP (Generally Accepted Accounting Principles) revenue recognition model comprises over 100 standards and interpretations‚ many industry specific and inconsistent (PwC‚ 2010). Yet‚ the fundamental revenue recognition standards lead to the conclusion that Caltron’s accounting practices adversely
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