Contingent liabilities are possible future liabilities that will only become certain on the occurrence of some future events. A contingent liability is less certain than a provision‚ the latter is expected to recognize; however‚ a contingent liability might occur. An entity shall not recognize a contingent liability; nevertheless‚ the company should disclose it‚ as required by paragraph 86‚ unless the possibility of an outflow of resources embodying economic benefits is remote. Where an entity
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The Legal and Ethical Considerations of Marketing in America Paper Evolution of the Market Orientation explains why marketing is a driving force in the modern global economy. First of all‚ the first stage was covered up until the early years of the 1920’s‚ in the United States‚ called the ‘production era’. Goods were scarce and buyers were willing to accept virtually any goods that were available and make do with them. The ‘sales era’ picked up right after the early 1920’s to the 1960’s‚ where
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Research Paper – Accountant Responsibility Introduction Accounting by definition is “The bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets‚ liabilities‚ and operating results of a business” (The American Heritage). An accountant’s responsibility is not something that is equally split or separated by category. It is not something that can be defined easily or without a lot of research and thought. An accountant
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Principles of Liability – Coursework Assessment Two For a contractual agreement to withstand‚ it is crucial that the contract contains the four main components‚ which are; offer‚ acceptance‚ consideration and the intention to create legal relations. A contract is seen as a legally binding agreement between two parties‚ so It is very important for the court to establish a ‘consensus ad idem’; the meeting of minds in order to judge whether a contract exists. Britney’s first meeting with
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P5 Explain the legal and ethical issues in relation to the use of business information Definition: Ethics concern an individual’s moral judgments about right and wrong. Explanation: Business information belongs to the business owner and any kind of use of the business related information should be used as per the company policy. There are legal consequences in breaking the rules (code of conduct & code of practice). Staff member needs to use his/her ethical judgement to decide what is
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The Legal‚ Ethical and Managerial Concerns of Employee Monitoring Employee monitoring has emerged as a necessity and yet as a very controversial issue due to the widespread use of technology. Employee monitoring is the act of watching and monitoring employees’ actions during working hours using employer equipment/property. This phrase can be a little scary as an employee‚ where is the line? The restroom is their property; thankfully there are employers who know their boundaries. Legally employers
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Legal and /or Ethical IssuesGrishma Doshi‚ Shirelyn Smith‚ Rodina Pinuela‚ Pearl Chaparro HSN/548April 29‚ 2014Linda Wetterau Legal and /or Ethical IssuesThe state and federal government implemented sex education in schools in order to provide students reliable and accurate information needed to make a responsible decision to stay healthy (SEICUS‚ 2014). The integration of sexuality in the school curriculum presents an ethical and legal issue in the academic community. Ethical issues are about
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their potential liability. He wants to settle the case. Write a memo to him which states your view of whether the company is exposed to liability on all issues you feel are in play. Include in your memo any laws which apply and any precedential cases either for or against Teddy’s case which impact liability. Include in the memo your suggested "offer of settlement" to Virginia. Back up your offer using your analysis of the case against Teddy’s Dear Mr. Moore‚ After an independent study and review
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Race To The BCS By: Cora LeClair February 14‚ 2011 Legal & Ethical Issues in Sports Administration Matthew Soroka Every September‚ when colleges and universities open their doors and athletic facilities‚ the buzz about football season is all around. Whether it is on campus‚ in the newspapers or in the media‚ it’s all about football. For big time colleges and universities however‚ football season isn’t just another season‚ it’s the start of creating a new champion. Every game they play is
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B2C versus B2B Legal‚ Ethical and Regulatory Bob Holland EBUS/400 Milind Modi April 28‚ 2010 B2C versus B2B Legal‚ Ethical and Regulatory This analysis will provide the reader with information that explains how legal‚ ethical and regulatory issues differ on a B2C website compared to a B2B website. The analysis will examine these different elements and will describe the differences and the similarities. Overview The primary differences of a B2C and B2B website when discussing
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