chapter 1 BUSINESS ETHICS‚ THE CHANGING ENVIRONMENT‚ AND STAKEHOLDER MANAGEMENT |TOPICS COVERED | 1.1 Business Ethics and the Changing Environment 1.2 WHAT IS BUSINESS ETHICS? WHY DOES IT MATTER? 1.3 LEVELS OF BUSINESS ETHICS 1.4 FIVE MYTHS ABOUT BUSINESS ETHICS 1.5 WHY USE ETHICAL REASONING IN BUSINESS? 1.6 CAN BUSINESS ETHICS BE TAUGHT AND TRAINED
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viewed Leeson to be independent. 4. Background Review: Due to the fact that the management of Baring Bank had created a wrong impression of Leeson they failed to investigate him even to the claims of the 88888 account letting the culprit handle the case and do a report to them. This was wrong and led to Leeson falsifying documents to cover up his tracks. 5. Limits to
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Chapter 2 1. A conceptual framework is a coherent system of interrelated objectives and fundamentals that can lead to consistent standards and that prescribes the nature‚ function‚ and limits of financial accounting and financial statements. A conceptual framework is necessary in financial accounting for the following reasons: (1) It enables the FASB to issue more useful and consistent standards in the future. (2) New issues will be more quickly solvable by reference to an existing framework
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CASE STUDY PRESENTATION LENHAGE AG: ETHICAL DILEMMA ABDUL NUR IZZAH SHAARMINI NURAZZYYANNA SUMMARY RINGO WEINHARDT Parent company :Lenhage AG US citizen Expatriate president & general manager LENHAGE AG CHULSOO LEE European manufacturer & seller of tools for construction industry Head of purchasing for Chun-Ha construction‚ large Company in South Korea Chun-Ha construction Largest technologically advanced construction company SOUTH KOREA • Uncorrupt nation • Infrastructure
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www.studyguide.pk for more notes visit www.studyguide.pk Bought to you by www.studyguide.pk AS- Level Accounting Unit 2 Revision Notes Benstead Revision Notes: Types of Business Organisation: Sole Traders: Advantages: Faster decision making Independence Quicker and cheaper to establish All profits belong to the sole trader Competitors know less about the business’s success as the accounts don’t have to be published Disadvantages: Unlimited liability-can lose both business’s
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TASK 1: Cost Classification and Ethics The Sorrel Pharmaceuticals Corporation manufactures a variety of drugs that are marketed internationally. Inventories on May 31 and June 30 were as follows: May 31 June 30 Materials Inventory $354‚100 $327‚400 Work in Process Inventory 112‚600 116‚400 Finished Goods Inventory 138‚500 142‚800 Purchases of materials for June were $142‚600. Direct labor costs were incurred and computed on the basis of 27‚000 hours at $8 per hour. Actual overhead costs incurred
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Just-in- Time in Kalamazoo - Chapter 2 Case Samantha B. GilzineCase Background: A firm specializing in motor homes located in Kalamazoo‚ Michigan. Discusses changes in inventory and other cost since the recent expansion of its market from the local Midwest to a national one. The companies also have to deal with another major problem because it only manufactures a few of it components while the others are purchased form outside vendors. In an attempt to reduce component part expenses‚ the president
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certain types of contraception including condoms. Efforts to raise awareness and protection in Brazil included promoting the female condom‚ asking the government to cut taxes on condoms to make them more affordable‚ and to promote awareness. The first case of AIDS to be detected in India was only about six years ago. Since then the virus is spreading rampantly with millions infected. The main problem in India is denial. Many states do not even acknowledge AIDS as a problem‚ despite many people being
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Hwk Assignment #1 Case 1-5 Reneging on a Promise Part A Billy Tushoes recently received an offer to join the accounting firm of Tick and Check LLP. Billy would prefer to work for Foot and Balance LLP but has not received an offer from the firm the day before he must decide whether to accept the position at Tick and Check. Billy has a friend at Foot and Balance and is thinking about calling her to see if she can find out whether an offer is forthcoming. Question 1. Should Billy call his friend? Provide
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Accounting for Decision Making Study Notes Introduction to Accounting (Week One) Accounting is the process of identifying‚ measuring and communicating economic information (transactions) of a business to a variety of users for decision making purposes. Business transactions are an external exchange of something of value between 2 or more entities. They can reliably be measured and recorded and can affect the assets‚ liabilities and equity of a business/ organisation. Accounting information is
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