IASB’s Conceptual Framework and the Exposure Draft ‘Conceptual Framework for Financial Reporting – The Reporting Entity’ Introduction This report is intended to discuss the significance of the IASB’s Conceptual Framework. It will layout the basis of the Conceptual Framework and then discuss its significance and relevance with regards to previous and future accounting industry standards. Findings The IASB’s (International Accounting Standards Board) Conceptual Framework is a set of rules
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Five forces framework is proposed by Michael Porter. It draws upon Industrial Organization economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Attractiveness in this context refers to the overall industry profitability. An "unattractive" industry is one in which the combination of these five forces acts to drive down overall profitability. 1. Competitors In current the main competitors of Tsingtao beer are Budweiser‚ YangJing‚ Blue
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Psychology‚ the study and exploration of the limitless psyche. For many years people have dedicated their entire life’s work to uncover the causes and motives behind the behaviour of both humans and animals Various theories have been constructed based on incalculable research. The most contemporary of perspectives include Behaviourism‚ the assumption that all behaviour is learned. Influenced by the environment‚ behaviourists believe that we are born a blank canvas and that we are susceptible
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Shipler used the employer’s point of view to show the audience the obstacles that get in the way of becoming employed. Shipler mentioned that many employers seek “people skills” which means people who are good with people weather it be having patience or conversing with customers. Employers also will look for someone with good work ethic. The only problem is that good work ethic is not usually there for many people who are welfare recipients or former inmates even those with lower education or work
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The article presents various ethical issues but the issue that stood out was the restricting of opioid use. This is a controversial topic in our country as it is estimated that 1.9 million Americans have a substance use disorder involving opioids (National Institute on Drug Abuse). Dr. Wergin faces an uncomfortable situation being the only physician in Milford and having to directly deal with the limitations on prescription opioids. He understands that while not every patient is an addict or drug
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Nagel believes that we cannot know what it is like to be a bat due to our lack of understanding of consciousness and consequently our inability to understand another being’s subjective character experience. Nagel chooses a bat to articulate his thesis because it is close enough on the tree of genetic evolution that we do not automatically dismiss its similarities but functionally different enough to ensure that his point is clearly displayed. Nagel is not sure how to determine whether or not an
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Another challenge is an outdated ASF framework to operationalize a force. It is now fourteen years since the ASF Framework was formulated and the operating environment has changed since then. The framework outlines the scenarios to guide the deployment of the ASF. However‚ these scenarios do not conform to the current environment. Currently‚ all the UN/AU peacekeeping missions in the African continent fall into scenario five and under chapter VII of the UN Charter. Therefore‚ scenario one to four
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CAF The Common Assessment Framework has been developed as part of the Every Child Matters strategy. Every Child Matters: Change for children is a new approach to the well-being of children and young people from birth to age 19 and is the government’s response to the report into the death of Victoria Climbie - so that never again should a child ‘slip through the net’ and be put in the way of abuse‚ harm‚ neglect or‚ as in Victoria’s case‚ murder. This strategy is meant to encourage all the different
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At the room-service station‚ the waiter debits the guest´s account. This takes 2 minutes. The waiter may wait to do the billing if he another order to prepare or deliver. a) Draw a process map for the room-service process. b) What is the theoretical flow time of the process? c) The average flow time of the process was measured to be 60 minutes.
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BACP framework is a living document that is updated regularly‚ this was last updated in 2018. It is divided into Values‚ Ethical Principles and personal moral qualities (Unit 3 section 1). The values inform the principles‚ and are more action orientated (https://www.bacp.co.uk/events-and-resources/ethics-and-standards/ethical-framework-for-the-counselling-professions/). The values express general commitments that underpin the actions and purpose. (BACP‚ 2024).The key values in this framework include:
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