suppliers generally look for the level of liquidity in the company ranks‚ shareholders look for dividend paying policies of the organization and its future growth plans and investors search for the debt in company’s balance sheet and its ability to pay the debt. We can reach a consensus statement that all the participants of the company have different motives and they look for their own particular type of information to fulfill their respective desires (Jackson‚ 2008). Stakeholders Types Generally a company
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Reflective practice is a tool that can be used by all working individuals to enhance their practice. It can also be used as a management tool‚ enabling managers to guide and support staff to reflect on key elements of their role and their performance. It is the opportunity to look over what you have done‚ what worked well and what needs to be improved. Make a record of what went well and look for ways to improve the things that need to be better. Sometimes it may be necessary to seek opinions and
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Ethical Implications in Practice The embodiment of Nursing is caring and compassion‚ the prevention of illness‚ lessening any discomforts and the protection‚ betterment and reclamation of health. Ethics has been an essential part of the framework of the healthcare provider and it is idiosyncratic‚ self reflective and abiding. Another essential part is confidentiality‚ for the healthcare provider and patient this helps gain trust and open communication‚ ensuring that the best possible care can be
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Accountants follow professional guidelines for measurement and disclosure of financial information. These are called generally accepted accounting principles (GAAP). In the United States‚ the Financial Accounting Standards Board (FASB) formulates GAAP. The International Accounting Standards Board (IASB) sets global or International Financial Reporting Standards (IFRS)‚ the two basic types of external providers of capital include investors (who exchange cash for stock) and creditors (who loan cash)
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Inc. Julie Mong April 17 ‚ 2010 1. In general‚ evaluate Caltron’s revenue recognition policy and the quality of Caltron’s earnings. Caltron Computers‚ Inc.‚ a computer hardware company‚ is publicly held with market capitalization amounting to over $450 million. Carlton’s system designs enable their mini-computer systems to measure up to the power of mainframes with small cost outlays. The accounting practices at Carlton normally permit revenue recognition after the shipment
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during an accounting period in monetary terms. These business activities vary from one enterprise to other. To compare the financial statements of various reporting enterprises poses some difficulties because of the divergence in the methods and principles adopted by these enterprises in preparing their financial statements. In order to make these methods and principles uniform and comparable to the extent possible – standards are evolved.What are Accounting Standards? Accounting Standards are the
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value accounting. Fair value accounting is to measure selected assets at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The objective of fair value accounting is linked with the objective of ‘decision usefulness’ of general purpose financial reporting. That is‚ to provide relevant information that is representationally faithful for users. IASB’s (and FASB’s) accounting standard on fair
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Importance of Financial Accounting Introduction According to Weygandt‚ Kieso and Kimmel (2012)‚ financial accounting is identifying‚ recording and communicating the economic events of an organization to‚ mainly‚ external users. Through financial accounting‚ some financial reports will be generated. Four financial statements are frequently used to report and analyze the financial status of companies and they are Income statement‚ Retained Earning Statement‚ Statement of Financial Position and
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CHAPTER 1: INTRODUCTION TO FINANCIAL ACCOUNTING 1.1 USE‚ PREPARATION AND CONCEPTS * Use: The information derived from financial accounting is used by managers‚ investors‚ bankers‚ financial analysts and accountants‚ helping them to learn how to use information effectively and to do their jobs better. This information is essential to accountants for the services they provide. * Preparation: to be effective users of accounting information‚ people need to know something about how and
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Dr. Cameron’s ethical conflict involves a dilemma between the patient’s beneficence through medical paternalism‚ and he patient’s right and ability of autonomous decision making. Due to the circumstances of this case‚ I consider that the respect for autonomy outweighs the doctor’s intentions of beneficence‚ or more specifically medical paternalism. I will start to support my argument by stating that the person that is directly affected by the problem in question is the patient‚ which is why his decision
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