Financial Accounting Theory (BBAC502) Group Assignment (Group of Four) 25% (Due Session 5.2) “Australia has long recognised that its accounting standards need to be harmonised with standards elsewhere in the world. To ensure consistent application of IFRSs‚ CLERP No. 9 recommended that Australia adopt‚ from January 2005‚ official interpretations of IFRSs issued by the IASB’s International Financial Reporting Interpretations Committee (IFRIC). As noted by CLERP No. 9‚ the comparability
Premium International Financial Reporting Standards Balance sheet Financial statements
teaching practice The word reflection has been used consistently throughout our first module and has been seen to be prerequisite of good teaching and development. Reflecting itself has been a very useful practice. Taking the time to observe and analyse‚ whilst using a detailed checklist has also enabled us to use this process correctly. I have found that there are patterns within my reflective log and an awareness of what is needed to change in terms of improvement in my teaching practice and how
Premium Reflection Psychology Knowledge
Personal Values and Ethical Standards In order to start this paper‚ I had to make sure I knew the differences between values‚ moral and ethics. It’s believed that values are what we learn from childhood from parents and surrounding influences of adults involved in the child’s life. Morals are the beliefs developed from that value system and how one should behave in any given situation. Ethics on the other hand is how someone actually behaves in the situation that may test ones morals and values
Premium Ethics Morality
The controversy of ethical practice in education is becoming evermore prevalent in modern society. “Professional ethics in education are founded upon principles of access and equity‚ behaving with integrity and being respectful and caring…” (Groundwater-Smith‚ Ewing & Le Cornu‚ 2010‚ p. 23).Within the educational environment‚ teaching and parenting are constantly being interwoven‚ so much so that their distinct roles are often distorted. Reading the Case Study‚ entitled WHAT DOES IT SAY WHEN I PUSH
Premium Education Teacher School
Week 2: Topic 1: Financial Accounting Theory & the Reporting Environment GHTHH Chapter 2 5. Researchers who develop positive theories and researchers who develop normative theories often do not share the same views about the roles of their respective approaches to theory construction. (a) How do positive and normative theories differ? (b) Can positive theories assist normative theories‚ or vice versa? If yes‚ give an example. If not‚ why not? Normative accounting research makes policy recommendations
Premium Decision theory Economics Scientific method
Adley – Week1 DQ1 Follow up Reply Financial reporting fraud cases typically involve “fictitious revenues‚ overstatement if assets‚ capitalized expenditures‚ misappropriation of assets‚ premature revenues‚ and understatement of expenses and liabilities‚ “according to Lawyers Connect (n.d). As a result‚ such intentional misstatements are fraudulent and illegal‚ and most likely material. Manipulation of accounting equation‚ Assets = Liabilities + Stockholder’s Equity (Rich‚ et al.‚ 2012‚ p. 9)‚ characteristically
Premium Fraud Enron Balance sheet
NGO CODES OF CONDUCT: An Exploration of the Current Debate By Emma Harris-Curtis‚ Information Officer Introduction Central to the wider debate of accountability in civil society lies the issue of NGO accountability itself. The number of registered NGOs in OECD nations alone has increased from 1‚600 in 1980 to 2‚970 in 1993. Similarly‚ between these dates NGO spending in OECD nations increased from US$2.8 billion to US$5.7 billion (in 1994 prices). Yet‚ as the numbers of NGOs have increased so too
Premium Non-governmental organization United Nations Civil society
report’s poor ethical standards have attracted widespread criticism‚ including; the omission of relevant available information‚ use of misleading language‚ and the interviewing of children‚ all measures designed to present the story in a particular soft way‚ even though the material is highly controversial and deals with issues of legality and morality. This case study will highlight unethical standards in the report‚ discuss effects on stakeholders‚ and suggest better professional practice. The story
Premium Ethics 2008 Mass media
1) Explain the auditor’s responsibility to detect material misstatements due to errors and fraud and the categories of fraud affecting financial reporting. Identify misstatement in financial report is the major task of auditor. Regardless the result of error or fraud‚ plan and perform audit engagements are being required by auditors to ensure financial statements are free from material misstatement by reasonable assurance instead of total responsibilities to the fair and true reports due to the limitation
Premium Auditing Audit Balance sheet
Best Financial Practices in Healthcare Strategic Budgeting and Planning Planning and budgeting play an important role in the finance function of all health services organizations (Gapenski‚ 2008). Planning involves the overall process of preparing for the future‚ and budgeting is a part of the planning process. Strategic planning is usually conducted at the highest levels of the healthcare organization’s hierarchy. The organization’s mission and goals
Premium Health care Management Risk