JUDY ANN D. ALEJANDRE BSA-III CHAPTER 2- Activity 1 1. Bench is known for their fashionable and yet affordable wearing apparels not just for men but also for women. Ben Chan introduced their products not just in the Philippines but also in other countries. They focus on their customer’s needs and wants. They are able to satisfy the different types of customers. 2. Many consumers nowadays are into fashionable yet affordable clothing/apparel. Because of this‚ Bench introduced their fashionable
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system which (Points: 5) has all CPAs in the United States vote on a new Statement. enables interested parties to express their views on issues under consideration. identifies the accounting issues that are the most important. requires that all accountants receive a copy of financial standards. 2. (TCO A) The IASB: (Points: 5) governs accounting standards in the U.S. is working on a convergence project with the FASB. sets the accounting standards for only European countries. plays only a minor
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followed by having a registered public accounting firm “attest on‚ and report on the assessment made by the management.” This aspect of the legislation requires companies to document important financial documents along with the review from the certified public accounting firm; it requires tremendous effort and large amounts of money for companies to comply with this aspect of the Sarbanes-Oxley Act (Additon‚ 2011). The author indicates that companies can use the money spent by companies to stay
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then I think I should set myself as an example for them. I know that by getting a college education is no guarantee of success but at least you will become smarter than what you were before you went to college. Furthermore‚ as a professional accountant with more than 10 years of experience in my field‚ I realize that going to college is the only way to continue improving my skills‚ growing within my company and thus get a promotion that will open even more the path to success. And‚ once I finish
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Case: Mercedes-Benz All Activity Vehicle (AAV) 1. What is the competitive environment faced by MB? The competitive environment that MB was faced with included difficulties in controlling costs‚ material purchasing‚ and problems in adapting to changing markets. The needs of customers were changing‚ and during 1993‚ MB had their worse sales in decades‚ as a result MB lost money for the first time in its history. Something needed to be done‚ and the AAV project began in 1993 with production
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aspirations to become CPAs. The UW Oshkosh College of Business ranked Top 10 in the nation Uniform CPA exam score and Top 10 school with high pass rates for first time CPA Exam takers. Many students join Beta Alpha Psi and/or the Institute of Management Accountants Student Chapter (IMA). Beta Alpha Psi is a national honorary scholastic and professional accounting fraternity. Activities include speeches and panel discussions by students‚ faculty and professionals; field trips; business meetings; and a wide
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standards can include legal proceedings‚ goal‚ financial penalties and prevention from acting as a manager or director of a company in the future. In addition‚ members of the accounting bodies (CPA‚ ICAA and IPA) are bound by the Code of Ethics for Accountants and the Code says that members will abide by the standards. Failure to do so will result in disciplinary action from the member body. Various other
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Why I am Pursuing an MBA Degree I decided to pursue an MBA in order to further my career in accounting. I realize that’s a pretty boring answer‚ but it’s the truth. The next question is: Why do I think it will enhance my accounting career? The answer to that question requires a bit more background information. I started my career in accounting in 1989‚ prior to receiving my bachelor’s degree. My career took a turn into management in 1997 when I was offered a branch manager’s position with the
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Chapter 1 Assurance Services The broad range of information enhancement services that are provided by CPAs There are two types: -Increase reliability of information -Putting information into a form or context that facilitates decision making Types of Services Assurance Services -Attestation Services Example: Audits of Financial Statements‚ Examinations of Internal Control -Other Assurance Services Example: CPA ElderCare Prime Plus Services Non Assurance Services -Tax Services -Management
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ACAS was formed from the result of Trade Union and Labor Relations Act. In 1974‚ ACAS was called as the Conciliation and Arbitration Service. However‚ it was renamed as the Advisory Conciliation and Arbitration Service in January 1975. Thereafter‚ Acas is made as a statutory body but it is under the terms of the EPA 1975 (Employment Protection Act 1975) (Concannon‚ H.M.G‚ 1978). It is split into 4 areas which are the collective conciliation‚ advisory service‚ individual conciliation and promotion
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