system that provides criteria for evaluating right and wrong. An ethical dilemma is a situation in which an individual or group is faced with a decision that test this code. One of the elements that many believe distinguishes a profession from other occupations is acceptance by it members of a responsibility for the interest of those it serves. . Accounting ethics is a field of professional ethics which pertains specifically to accounting. For the public to rely on the information provided there must
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to maximize value for the shareholders/stakeholders). Value Chain – The operations of the firm compose the value chain which are the series of value creating activities that occur to create value. These actions include sales‚ production‚ IT‚ accounting etc. These activities are divided into support and primary activities. Primary Activities – Design‚ creation and delivery of the product. They are: 1. R&D 2. Production 3. Marketing 4. Sales Support Activities – Inputs
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Coursework BBM – Financial Accounting (FIN 2241) SHARIFUDDIN HAZIQ BIN ABDUL AZIZ SCM 022587 Ms. Janice Contents No. | Title | Pages | 1 | Executive summary | 2 | 2 | Question 1 | Introduction | 3 | | | Sole Proprietorship | 4 | | | Partnership | 5 | | | Limited Liabilities Company | 6 | | | Accounting | 7 | | | Benefits of accounting | 7-9 | 3 | Question
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FINANCIAL ACCOUNTING I COURSE DESCRIPTION/OBJECTIVES The primary aim of Financial Accounting is to provide students with an introduction to the process and function of financial reporting. Whilst a large proportion of the course is aimed at understanding accounting as a process‚ taking a preparers‟ perspective‚ we will also seek to develop an understanding of the importance of the role of accounting in today’s society. LEARNING OUTCOMES After studying this course the student will be able to understand:
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1. Why do you want to be a GHC fellow? (200 words maximum) Since I was young‚ I was always asking myself why people in African‚ mostly women and children‚ always suffer from malnutrition‚ gender inequality‚ poverty‚ injustice and many more problems which are against their rights. Because I was still young‚ I would not understand the reason why of those things were happening. Crimes were committed to human beings by other human beings. After a certain period of time‚ I came to understand that there
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Question 1: Although the adoption of a single set of globally accepted accounting standard has become a need to the globalised capital markets nowadays‚ however the international differences in financial reporting practices between countries still exists mainly due to the setting of national accounting standards in different countries by their own respective government. Looking at this issue in a world-wide view‚ we can notice that every country in the world regardless of whether it is a developed
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8 Accounting theory and conceptual frameworks After studying this chapter you should be able to: & explain what accounting theory is & describe the main attempts at constructing an accounting theory & appraise current developments in the area & describe and discuss the contents of the IASB Framework & appraise the quality and usefulness of the IASB Framework in the context of its self-declared purposes & describe and discuss the parts of IAS 1 relating to accounting concepts and policies & appraise
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Do companies creating products and solutions have a responsibility to consider the effects of these products on society? The popular answer would be yes. Every day‚ we see brand development benefits that arise out of an organizations CSR initiatives‚ we cannot argue against their contribution to a company’s profits. Milton Freidman states that the only social responsibility a business has is to increase its profits. It sounds crude and carries an unpopular view in today’s world. But the simplicity
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Why do you want to be a Social Worker? When I was at a very low part of my life I decided to become a Social Worker. I was eighteen years old‚ my father was incarcerated for the third time of his life‚ my mother wasn’t in the picture‚ and she hasn’t been in my life since I was a little girl. At the time I was still in high school‚ leaving me alone with no parents or home to call mine. I moved in with my uncle who took me as his daughter. Months later‚ it felt like my life was over again. My uncle
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Most people think college is beneficial. Some people believe that’s not so true. There are obvious benefits that everyone knows about like‚ more job opportunities‚ bettering your education‚ becoming qualified in a subject and many more. Have you ever thought about someone taking care of you and not being qualified? For example‚ a doctor‚ if he or she was not qualified would you trust them? If you’re not sure whether college is right for you‚ here are a few reasons why you should go to college. College
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