you can deal with the possibility that the traveling and overtime may become consistent. When you accept a job that would require some travel it is expected of you that you are able to travel when you are supposed to. “Professional ethics are standards that govern how members of a profession‚ managers or workers‚ make decisions when the way in which they should behave is not clear-cut. (Jones‚ & George‚ 2011)” The manager has to enable employees to create a balanced professional and private life
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head: INSTRUCTIONAL PRACTICES FOR STANDARDS-BASED Instructional Practices for Standards-Based Curriculum Brandi R. Woods Grand Canyon University EDA 561 - Curriculum Development for School Improvement October 24‚ 2010 Instructional Practices for Standards-Based Curriculum George W. Bush put into action the No Child Left Behind Act to ensure that all children were giving the right education and succeeding. With this‚ many states adopted a standard-based curriculum approach that required
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07 – 2:00 – 3:00pm A) Deegan explains that an agency relationship arises when the principal delegates the decision-making authority to an agent. An example of such a relationship is when the owner of a company delegates the decision-making authority to the manager. The costs of divergent behaviour that arises as a result of the agency relationship are referred to as agency costs. Furthermore‚ Watts and Zimmerman (1978) developed the theory of positive accounting which is focused on the assumption
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Country Differences in Accounting Standards There are five main influences on a country’s accounting system. Having a different system of accounting is like having a different culture for countries. There are many different things that dictate how an accounting differs. The relationship between business and providers of capital‚ political and economic ties with other countries‚ inflation accounting‚ level of development‚ and the national culture are the five influences on accounting systems. Relationship
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FASB Accounting Standards Codification (ASC) Section 958-605-25 requires that not-for-profits wait to recognize a contribution until they are satisfied that the likelihood is remote that the conditions that accompany the contribution will not be met (Tysiac‚ 2017). According to FASB ASC 958-605-8‚ pursuant to paragraph 958-605-25-2‚ an unconditional promise to give shall be recognized when it is received. There must be satisfactory confirmation that a promise was made and received in the form
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adoption on Financial Statement and Accounting Quality Q2) Principle and rule-based accounting reflect different approaches to accounting. The pros and cons of rule-based accounting (RBA) and principle-based accounting (PBA) are as discussed. (1) RBA deters creative accounting as rules reduce opportunistic discretion unlike PBA which is more subjective and ambiguous.On the other hand‚ others argue that rules are a means to circumvent the objectives of a standard and more vulnerable to transaction
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Ethical Standards in Health Care Accounting Ethical Standards in Health Care Accounting As a health care manager‚ there is a need to understand the basic accounting principles and the need to be able to look at a financial report and understand what it says. Without these keys and a good ethical compass‚ there could be serious consequences and could result in loss of revenue‚ funds‚ termination‚ or even prison time. Now this may seem like an extreme statement‚ but without using the four elements
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The decision to change your accounting software is not one to be taken lightly. The initial recognition that there is a need for change‚ including a full review of the current system‚ can itself be a long process. Then there is the task of selecting the right package for your business from the vast array on offer - making the wrong decision can have detrimental effects on your business. This briefing is designed to give you some helpful advice on what you should be looking out for throughout
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What are the advantages and disadvantages of principles-based accounting? Perhaps the primary benefit of principles-based accounting rests in its broad guidelines that can be applied to numerous situations. Broad principles avoid the pitfalls associated with precise requirements that allow contracts to be written specifically to manipulate their intent. A 1981 study sponsored by FASB found evidence that managers purposefully try to structure leases as operating leases to avoid incurring additional
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AS-19 “LEASES” PRE AS-19 ERA Prior to 1.04.2001 the “Guidance Note on Accounting for Leases” was applicable on leasing industries. This Guidance Note was based on the matching principle i.e. the periodic costs comprising of depreciation and lease equalization charges were recommended to be matched with lease rentals so that the net income from a finance lease will show a true and fair view
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