In a constructionist perspective Abstract This essay addresses the relationship between professional ethics and financial statement disclosure. The public should change its view on the objectivity of accounting profession because in no means can anyone be absolutely objective. The reason to this will be articulated thoroughly in the essay. Then how to maximize relative objectivity is discussed and the conclusion is that being honest and credible as the
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The Scarlet Letter‚ “No man‚ for any considerable length of time‚ can wear one face to the multitude and another to himself without finally becoming confused as to which is true” (p.170) can be seen throughout the whole novel. The first example is Arthur Dimmesdale. He has to keep the secret that he is Pearl’s father. To the whole town‚ Dimmesdale is known as being a great minister‚ but in this mind he was really a sinner. By having this battle going on in his head Dimmesdale became weak. Hawthorne
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is provided for general guidance only and on the understanding that it does not represent‚ and is not intended to be‚ advice. Whilst care has been taken in its preparation‚ it should not be used as a substitute for consultation with professional accounting‚ tax‚ legal or other advisors. Before making any decision or taking any action‚ you should consult with an appropriate specialist or professional. No warranty is given to the correctness of the information contained in this document‚ or its suitability
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Wednesday‚ 15 July‚ 1942 I have decided to start this diary to let out all of my feelings. I wonder how long this thing will last I feel it is a little different for me. Hermann is a nice man but not very understanding. I feel as if I need to let my feelings out somewhere even if it is on a piece of paper. This is where I can speak my true feelings without any judgment from other women or men changing my feelings. Yesterday was the day we were supposed to arrive in the annex. We ended up
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gooda available for sale. -the consistency principle states that the busineses should use the same accounting methods from period to period. -under the FIFO‚ the ending inventory is based on the cost of the most recent purchases. -the value of purchases remains the same irrespective of the inventory valuation method used. -using FIFO‚ the COGS is based on the oldest purchases. -the accounting conservatism principle requires that financial statements should report LEAST favorable figures. -do
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Abstract The aim of this short paper is targeted at broadening general understanding of the impact of accounting for goodwill in the Non-for-Profit environment based on its financial practicability and how a focus on the fair value of goodwill goes to the heart of the value of an Organization. Various amendments and new accounting rules; Enron and WorldCom misfortunes; Ponzi Schemes and other white collar financial frauds have brought about stricter governance and financial statement reporting responsibilities
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Cost Accounting -- MIDTERM 1 1) Pointed Pencil company incurs the following costs in its manufacture of pencils. Classify each one of them according to one of the value chain functions: Functions: A) Research and Development B) Design of products‚ services‚ and processes. C) Production D) Marketing E) Distribution F) Customer Service G) Strategy and Administration ____ 1) Cost of wood used in manufacture of pencils. ____ 2) Cost of wood used in packing cartons to ship pencils. ____
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Costs assigned to the building of a house should appear on the income statement when Answer a. the purchase order to manufacture the house is received. b. the house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the
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need $50‚000 – $60‚000 for the startup supplies and rent. With the proposed plan the NPV is in the black at ($597‚086.96) which makes the IRR severely less than 1. We feel the prosed changes will give this grooming business a fighting chance at viability. These ideas are suggested in order to raise revenues which will in turn increase the NPV as well as IRR. This case is in regards to the grooming startup within the Chicopee‚ Massachusetts area. We have done extensive research not only in the
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BM6026 - Managerial Accounting & Finance Mini Assignment - Sem 1 2014/2015 Name : Suriati Binti Yusse Matric no : MB1412199T Class : Tuesday - 7.00PM - 10.00PM product selling price Variable Cost : Material : Extract of Tongkat Ali Other Ingredients Packing Material Overhead Cost : Drying cost of liquid Other Overhead Cost Labour Cost : Processing Packaging Total Variable Cost Unit Contribution Margin Expected volume sales % of total sales Weighted Contribution Q1 : capsule
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