ACCOUNTING THEORIES 1. What is the difference between a positive theory of accounting and a normative theory of accounting? 2. What do we mean when we say that ‘theories are abstractions of reality’? Do you agree that theories of accounting are necessarily abstractions of reality? 3. Identify and explain 5 different criteria we might use to establish a theory as being suitable for use in our research. 4. Is the study of financial accounting theory a waste of time for accounting
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A New Perspective At first I was scare of taking this course. I thought World Literature was boring‚ complicated and too hard for me. I supposed it was only about difficult lectures that I would not be able to understand‚ big complicated words that it would be hard for me to used‚ and writing‚ writing‚ and more writing. I knew this course was going to be a big challenge for me because I do not like to read neither to write. To my surprise‚ I found myself intrigue with World Literature because of
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the schools we attend‚ the neighborhood we live in‚ or economic status of our parents. Everything around us influences us in some form‚ regardless of distance. These statements puzzle me‚ which is why I chose the contextual perspective as my topic. The contextual perspective‚ as defined by Papalia‚ Olds‚ and Feldman (2004) is the view of development that sees "the individual‚ not as a separate entity interacting with the environment‚ but as an inseparable part of it" (p. 31 ¶ 7). Regardless of how
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ABSTRACT: This paper will describe the four different types of ethical perspectives. We will start by describing my ethical perspective; which I found out to be "character" from my results on the Ethical Awareness Inventory Assessment. We will then evaluate the four types of ethical perspectives. Which include character/virtue‚ obligation/deontology‚ results/utilitarianism‚ and lastly‚ equity/relativism. Then we will conclude with a brief discussion on issues one is likely to encounter dealing with
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simply repeating previous posts and agreeing. Discuss the pros and cons of accural accounting versus cash accounting methods. All discussion forums must require at a minimum: 1-Research (at least 2 citations) 2-Critical Thinking 3-Opportunity for dissent. Accrual Accounting versus Cash Accounting Ok‚ if we are to attain our career goals we need to understand these two methods of accounting. This topic is very important in almost any field that one chooses to fashion their
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A SHORT HISTORY OF ACCOUNTING AND BUSINESS The history of accounting is as old as civilization‚ among the most important professions in economic and cultural development. Accountants invented writing‚ developed money and banking‚ innovated the double entry bookkeeping system that fueled the Italian Renaissance‚ were needed by Industrial Revolution inventors and entrepreneurs for survival‚ helped develop the capital markets necessary for big business so essential for capitalism‚ turned into a profession
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invest to bring good products up‚ otherwise terminate; Strategies change as products move through life cycle and successful strategies determine best strategy for product on its life cycle stage. PRODUCT-BY-VALUE ANALYSIS- Pareto Principle- focus on critical few‚ not trivial many; Product by Value Analysis- lists products in descending order of their individual dollar contribution‚ lists total dollar contribution of product; Contribution- the difference
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Accounting Theory Construction The function to study accounting theories is to classify them according to the assumptions they rely on‚ how they were formulated‚ and their approaches to explaining and predicting actual events. There are some classification which are pragmatic‚ syntactic‚ semantic‚ normative‚ positive‚ and naturalistic approaches. Pragmatic approaches are based on observing the behavior of accountants or those who use the information generated by accountant. Syntactic approaches
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Corporate Social responsibility: Shell Oil-Nigeria Case Study By Fatorma Bolley Abstract Corporate Social Responsibility‚ CSR has become an important element in the business strategy of a growing number of companies worldwide. A large number of initiatives have been developed that aim to support companies in developing‚ implementing‚ and communicating about CSR‚ Shell
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Islamic Accounting Methodology Compiled By Dr. Hussien Shehata Prof. of Accounting Al-Azhar University In The Name Of ALLAH The Most Beneficien The Most Merciful Read : In name of the LORD‚ who created‚ Created man from a clot‚ Read‚ and they LORD is Most Bountiful‚ Who teaches by
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