"Differences and similarities in financial reporting in a for profit and government organization" Essays and Research Papers

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    Reporting Practices and Ethics Paper Mary Kaiser HCS/405 Health Care Financial Accounting July 7‚ 2014 David Albalat Reporting Practices and Ethics Paper Introduction In this paper‚ we will discuss the financial reporting aspects of accounting and what ethical standards are being met by the health care industry. Our discussion leads us to the four fundaments accounting principles‚ the generally accepted accounting principles‚ and the financial ethics of accounting and the code of ethical

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    Many people today still believe that Christianity and Judaism are both the same religion. This is not so‚ despite the fact that they both share certain similarities; Christianity and Judaism are both different religions. It is my pleasure to shed some light on the differences and similarities of both religions’ views on salvation. In this research I will first define salvation in its literal form. Secondly‚ I will take a closer look into the history and development of both religions and shed further

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    individuals are to ensure and validate that public funds given to these governments are used in the best interest of its citizens. Financial statements are the traditional way in which a government’s performance is reported. Traditional financial statements provide fiscal information and indicate if a profit was made. However‚ according to Mead profit is not the main objective for governments. “Most governmental entities do not have a profit motive‚ although they try to ensure that sufficient resources

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    Segment Reporting

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    Public Sector Objective The objective of this Standard is to establish principles for reporting financial information by segments. The disclosure of this information will: (a) help users of the financial statements to better understand the entity’s past performance and to identify the resources allocated to support the major activities of the entity; and (b) enhance the transparency of financial reporting and enable the entity to better discharge its accountability obligations. Definition

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    Integrated Reporting

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    development of Integrated Reporting is designed to enhance and consolidate existing reporting practices‚ to move towards a reporting framework that provides the information needed to assess organizational value in the 21st century. The traditional reporting model was developed for an industrial world. Although it continues to play a valuable role with respect to stewardship of financial capital‚ it nonetheless focuses on a relatively narrow account of historical financial performance of the value-creation

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    initiative. The adoption of international accounting standards required GAAP used by the UK to ensure the consistency with the IASB’s IFRS. However‚ a concern is that there are substantial differences among different countries in implementation of IFRS and the notion that uniform standards will produce uniform financial reporting will cause some problems in the practical operation of accounting. As stated in the case the IASB is facing serious challenges from its home front. This essay focuses on the discussion

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    Staff Retention in Non-Profit Organizations: Reducing Turnover by Developing Successful Human Resources Management Strategies Willa Haskins Empire State College Abstract Staff turnover and retention rates are concerns for all employers‚ especially in the current economy (Opportunity‚ 2010). However‚ research and statistics show that the non-profit sector consistently experiences high turnover rates (Mizell‚ 2005). High turnover rates during economic hard times can have a serious detrimental

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    Comparing Not-For- Profit and For Profit Colleges Colleges and university have slowly become one of the stepping stones into the working world today. People go to colleges for higher education with the intention of earning degrees in which they can use in their respective fields. Some example degrees that people pursue are Medical‚ Law‚ Business‚ Accounting‚ and Science Degrees. Through the years the idea of college was that it was optional and it was a door for better life and job. However in

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    foreign affairs‚ the Chavin and the Phoenician societies are both alike and different in many ways. With their skill at traveling by sea and their financial knowledge‚ the Phoenicians excelled at exchanging goods. This trading process helped them grow even wealthier. Like the Phoenicians‚ the Chavins also became invested in transportation. The difference between them here is that the Chavins crafted paths across both land and rivers by making footpaths and bridges. The Chavins most likely didn’t have

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    Wicca versus Paganism Wicca and Pagan are two religions‚ which have many similarities as well as many differences within each area. Wicca is a sect of Pagan in which each has their own variations on the religion. A good way to put it; all Wiccans are Pagan‚ but not all Pagans are Wiccan. Witch is a term used for any practitioner of Wicca. The Webster’s II Dictionary defines witch as 1. A woman who practices sorcery or is believed to have dealings with the devil‚ 2. An ugly‚ vicious

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