Financial Statements – Understanding the Framework Done by: Yaazdan Katrak Cardiff MBA Feb ‘13 Roll No: 1309 Through this framework we learn how to prepare financial statements by applying accounting standards‚ allows the board to regulate the rules‚ provides detailed information to those interested in accounting and helps financial users to interpret the information. The Scope of this framework is to deal with the objective of financial statements‚ the qualitative characteristic that determines
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1. It is about corporate takeover and liquidation business and it is common practice in real business world‚ but why is it so problematic? What moral issues emerge in the movie? Answer: Yes‚ it is about corporate takeover. There is a corporate raider‚ Garfield Investment‚ who wants profit by buying the New England Wire and Cable’s stocks and selling it on higher price. They knew that the company is not making profit because of the lowest product demand which is competing with new technologies product
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An Act relating to employment. [1st June 1957.] PART I - PRELIMINARY 1. Short title and application (1) This Act may be cited as the Employment Act 1955. (2) This Act shall apply to West Malaysia only. 2. Interpretation (1) In this Act‚ unless the context otherwise requires -- "agricultural undertaking" means any work in which any employee is employed under a contract of service for the purposes of agriculture‚ horticulture or silviculture‚ the tending of domestic animals and poultry or the
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consequence of individual or Organisational characteristics? What would promote ethical behaviour at work? 1. Introduction The aim of this research essay is to discuss on what type of characteristics drive and influence people’s actions ethically at work. Ethics is an important value everyone should have‚ whether at work or in life. In an organisation‚ workplace behaviour ethics should be a core value. Being ethical is essential to fixing problems and improving processes. This is crucial in establishing
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Intentions play a significant role in determining whether an act is ethical. (Ethics: Survey and Observations July 23‚ 2003) Consequentialist (teleological) theories determine ethical behavior by weighing the consequences of an action. The good and bad consequences of an action are tallied and if the total good consequences outweigh the total bad consequences‚ then the action are ethically proper. Therefore an action is ethical if the consequences of that action are more favorable than unfavorable
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The UBD fever By NILDA R. SUNGA‚ Ph.D. Director for Academic Affairs‚ Angelicum College‚ Quezon City July 11‚ 2010‚ 12:23pm UBD means Understanding by Design‚ an educational framework whose main objective is to promote quality teaching and learning and whose main goal is to develop enduring understandings that are transferable to life. UBD has‚ indeed‚ taken the country by storm. Everybody seems to be in the know. Teachers have attended UBD seminars conducted by educational entities‚ both public
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Why Conceptual Framework is considered to be a Normative theory? Do we need conceptual framework? Discuss. A conceptual framework of accounting can be considered to be a normative theory of accounting. A conceptual framework makes prescriptions in regards to what the objectives of accounting are‚ what qualitative characteristics general-purpose financial information should possess‚ how the elements of accounting should be defined and when they should be recognised and how the elements of accounting
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this guideline need been renamed “bio biological frameworks principle with underscore that An child’s identity or science may be an fundamental surroundings powering her change. ” those Acquaintanceship those centre from claiming components in the child’s maturing. “Biology‚ Similarly as substantially fast family/community environment‚ and the societal scene fills What’s more steers as much change.” Transforms alternately conflict
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The IASB’s Conceptual Framework for Financial Reporting I am from England‚ and here in the UK‚ unlike most countries‚ our system of government has no comprehensive written constitution. Many countries do have such constitutions and in these circumstances the laws of the land are shaped and influenced by the constitution. Now while the International Accounting Standards Board (IASB) is not a country it does have a sort of constitution‚ in the form of the Conceptual Framework for Financial Reporting
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INTRODUCTION The first article ‘hundreds of economists agree Marijuana legalization could save taxpayers $13 billion per year’ by Jonathan Benson underlines a sensible ethical issue which legalizing a plant regarded as drug – though non-narcotic – in other to save and to make more money. In second article‚ “Pepsi’s ’Next’ generation - Less sugar!”‚ Scott Morefield highlights Pepsi’s procedures of making soft-drink –thereby making money – which harmful for the customers. On one hand‚ Pepsi gets
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