1.0 Introductory part 1.1 Introduction: Financial statements are a structured representation of the financial position and financial performance of an entity. The objective of financial statements is to provide information about the financial position‚ financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions. Financial statements also show the results of the management’s stewardship of the resources entrusted to it. BRAC Bank is one
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FRAMEWORK FOR FINANCIAL REPORTING SCOPE OF THE FRAMEWORK The existing framework deals with the ■ Objectives of financial statements; ■ Qualitative characteristics of financial statements; ■ Elements of financial statements; ■ Underlying Assumptions; ■ Recognition of the elements of financial statements; ■ Measurement of the elements of financial statements; and ■ Concepts of capital and capital maintenance OBJECTIVES The objective of general purpose financial reporting. The objective
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There are many reasons to have ethical practices in a business; your employees would essentially do whatever that wanted‚ without any regard for punishment. This is why most companies have policies and procedures that are in place to keep employees focused and accountable. First‚ sexual harassment/harassment in the work-place‚ rules have been set in place to keep this from happening‚ and to be able to hold the harasser accountable for their actions. Secondly‚ code of conduct‚ the way you dress may distract
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To what extent does criminal law reflect the moral and ethical standards of society? Criminal law is a construct of the government‚ enforced through tangible measures. In a democratic society‚ the government is elected by the citizens‚ and as such‚ laws are generally conceived with the aim to reflect whatever ethical or moral standards are presently acceptable. However‚ in order to be truly effective‚ some legislation must circumvent current sociological viewpoints in order to create laws that
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Microsoft’s Financial Reporting Strategy Q1. What are the factors that likely explain the equity and its reported book value of equity? Question 1 2 3 4 5 6 1999 Market Capitalisation: USD 460 Billion Book Value: USD 28 Billion MVE more than 16 times of BVE! Factor 1 Question 1 2 3 4 5 6 Intangible Assets • BVE does not reflect certain intangible assets’ value such as brand‚ customer loyalty‚ and human capital – Likely to provide tremendous earnings growth
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Ethical standards and competence establishes psychological it just must work within their scope of practice. This can be based off of experience training supervision and specific role. Informed consent the clinician will provide the client with a written statement that outlines the goals that the treatment is expected to meet with that they’ll be rights and responsibilities and risks that could come from medications or other aspects of the therapy and the treatment that the client should be aware
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Nursing in Michigan and Practice Standards As Registered Nurses in the United States of America‚ we have all experienced passing board exams and having to apply for licensure applicable to each of our individual states. The board exams now known as NCLEX or National Council Licensure Examination are universal across the country. However‚ individual licensing requirements for a renewal or reapplication process differ from state to state. Some states such as Texas have additional testing requirements
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opening a branch of a food distribution operation in a foreign country‚ and a local official suggests that a little cash would help your company get started. Research international business and ethical standards‚ and answer the following questions: Q 1. In what ways can culture affect ethical standards and shape business behavior? A. In a way that some countries ethics are much stricter than our good ole USA ethics. In turn I could also state the opposite of our ethics can be tighter than some
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because there is always something new each time you do them. A simple task like taking someone a hot drink may result in a lesson – for example‚ you may find that the person tells you they do not want tea‚ but would prefer coffee this morning. You will have learned a valuable lesson about never making assumptions that everything will be the same. Learning from working is also about using the huge amount of skills and experience that your colleagues and supervisor have. Not only does this mean
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Reporting Contingencies and the Financial Statement When faced with a lawsuit you have to know whether or not to consider contingencies. According to Schroeder‚ Clark‚ and Cathey (2005) a contingency is a future event that could possibly have an impact on the firm. There are four different ways a contingency should come to view and they are income tax disputes‚ notes receivable discounted‚ accommodation endorsements‚ and what this company is dealing with a pending lawsuit. When a gain is possible
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