In a room full of cigarette smoke and strangers‚ a young girl looks at her father with delight. It’s been weeks since she’s seen him because she lives with her mother‚ but he’s distant‚ burdened my shame and guilt. Her delight is replaced by disappointment when she is once again put after his own unhealthy desires. His addictions gets the best of him and he leaves his family behind‚ claiming to love his child‚ but continuing to let her down. The young girl longs for a happy family but is given a
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would have in an efficient market if there is no inside information. That is‚ all information about the share is publicly available. The information approach to decision usefulness is an approach to financial reporting that recognizes individual responsibility for predicting future firm performance and that concentrates on providing useful information for this purpose. The approach assumes securities market efficiency‚ recognizing that the market will react to useful information from any source‚ including
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independent opinion by an expert (chartered accountants) on information prepared by one party for the benefit of another parties. By providing assurance on non-financial information reporting is also known as external assurance reports. Basically there is no requirement or significant demand by public or association on this external assurance. Therefore‚ auditors are only required to meet their responsibilities in checking the consistency and reliability of information in the reports to enhance corporate
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Computer Accounting Computer accounting has been growing in popularity since the availability of the Internet as a worldwide communication medium began to grow. Individuals and companies manage their money and assets one way or another. They usually hire accountants to help them carry out the requirements of accounting and balancing their books. Before the internet became inescapable‚ these accounting protocols were performed manually. Today many accountants and non-accountants alike use computer
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Personal Responsibility What is responsibility? Personal Responsibility is being accountable for a task and seeing it through completion. The three main keys for personal success are using time management skills‚ having motivation and financial management. Setting time management skills could be difficult for a student that’s starting school again or for the first time. In an article called Pro Health Net an author named Doug Booster states “Managing your time ineffectively
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“The theories we use to help us understand standard-setting in national arenas (such as Australia) don’t work so well at the international level where the . . . International Accounting Standard Board (IASB) is taking a leading role. We will have to modify them or expand our theoretical repertoire” Discuss the above statement‚ clearly indicating your agreement or otherwise about the basis for your views. Abstract: The theories that are presented in this paper all assume the importance of a
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198 Accounting Standard (AS) 14 (issued 1994) Accounting for Amalgamations Contents INTRODUCTION Definitions EXPLANATION Types of Amalgamations Methods of Accounting for Amalgamations The Pooling of Interests Method The Purchase Method Consideration Treatment of Reserves on Amalgamation Treatment of Goodwill Arising on Amalgamation Balance of Profit and Loss Account Treatment of Reserves Specified in A Scheme of Amalgamation Disclosure Amalgamation after the Balance Sheet Date ACCOUNTING STANDARD
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Government accounting system (SAPP) Government accounting system is a set of procedures‚ both manual and computerized‚ ranging from data collection‚ recording‚ overviewed‚ to report the financial position and financial operations of the central government Government accounting system purpose: 1. Safeguarding asset government to ensure that assets can be maintained through a series of processes of recording‚ processing‚ and financial reporting consistent with the standards 2. Relevance
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Careers in Accounting One of the major careers being practiced today is accountancy. Thousands of people are completing their degrees in accounting because there seems to be a bright future for accountants with the appropriate qualifications. Accountants‚ in their career‚ help ensure that the organizations are running more efficiently‚ public records are kept more accurately‚ and taxes are paid properly and on time. They perform important functions by offering a wide volume of business and accounting
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Accounting is the collection and aggregation of information for decision makers including managers‚ investors‚ regulators‚ lenders‚ and the public. Accounting systems affect behavior and management and have affects across departments‚ organizations‚ and even countries. This paper will give the reader an understanding about cost accounting. This paper will discuss: Why is cost accounting so important to the success of the firm; what are the various methods of cost accounting and how are they used;
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