hkicpa.org.hk International accounting standards (IASB): www.iasb.org.uk (IAS Plus): www.iasplus.com Objectives: 1. To orient students to what accounting is and why accounting matters. 2. To provide students with the framework to understand the accounting process in organizations. 3. To provide students with the tools to understand and interpret accounting information. 4. To stimulate
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the company continued bribery‚ Siemens transferred money into a hard-to-trace bank in Switzerland to protect their business and help them win contracts. Managers rationalized it as the bribes being useful money‚ but in a way they were still making profit‚ and bribes were used as a cost of doing business and keeping the business alive. 2) What I think would have happened to a manager at Siemens if he or she had taken a stand against corrupt practices is that the manager would most likely be fired
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The traditional profit maximizing theories of the firm have been criticised for being unrealistic. As a result‚ alternative theories of the firm were introduced (Sloman & Sutcliffe‚ 2001). One of the alternative theories of the firm is Growth maximization. Following are the main motives for the firms to grow: The cost motive: A growth maximising firm can lower its long run average costs by exploiting economies of scale and economies of scope. Economies of scale come into effect when increasing
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1. Why would the owners of Lakeside‚ as well as the company’s banks‚ require that an annual audit may be made by an independent CPA firm? Auditing in general‚ is necessary because of the existence of Information risk or the risk of unreliable information. Owners of lakeside may own the company but they are not closely involved in managing the business with the exception of Rogers‚ the only owner involved actively in the business’ day to day operations. So‚ an independent audit for non-managing owners
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Geneva Conventions By: Maksim S. Yelkin Course: American Foreign Policy Professor: Ronald J. Brown Semester: Fall 2011 Date: 12/03/11 Introduction Now we live in relatively peaceful time‚ but it wasn’t always like that. All those wars were bloody‚ sometimes even too bloody‚ so people needed to create some rules. So those rules were created. Four Conventions for One Purpose Not everybody knows that‚ but there were four treaties‚ not just one. And even then‚ they were modified later
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Ethical Issues – Bribery In this paper on ethical issues‚ I will be presenting my perspective on the issue of Bribery in doing business. I will be summarizing three distinct articles from different sources‚ namely‚ Harvard Business Review‚ Bloomberg Businessweek and The Wall Street Journal‚ respectively. Later in this paper‚ I will provide some insight on how this aspect of corruption could potentially affect my business project for this course. The three articles that I have used in this paper
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coaching or delegating (Slocum‚ et al‚ 2001). It is not like the Blake and Mouton’s‚ which focuses directly on outcome desired as the combination between task and people but lack of practical. Finally‚ different contingency is also an important aspect that mentioned in the theories. Based on the different follower readiness‚ Hersey and Blanchard provided four particular leadership styles such as directing which use high directive and low supportive for unwilling and unable follower or delegating that
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I have had many ups and downs in my personal and professional life‚ but I have never really grasped the concept of success. Success or failure does not depend on the intricate details of a plan‚ it is totally the opposite. I now know that a key factor in whether I fail or succeed is self-direction. I have learned the recipe for success depends on the planner and how well that plan is executed. If I have learned anything‚ it is that setting short and long term goals‚ time management and organization
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The effect on adopted individuals‚ are measured through several scientific studies with the help of parents and children. Children who are adopted are compared to other non-adopted peers‚ neglected children‚ and children in their current environment in terms of intellect and behavior. Compared to those who live with their non-disruptive birth parents‚ adopted or neglected or neglected lack in many aspects of language‚ intelligence‚ and behavior. Even though Adopted children have more disadvantages
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The short story "It Would Be Different If" by Maggie Mitchell reveals the importance of point of view‚ such as how a story is told and to what extent are the details explained . Nikki‚ a young woman dealing with the bitter end of love tells her story as if she is directly talking with her ex lover‚ Jeff. In spite of rejection‚ Nikki frequently references to sentimental memories and disappointing case scenarios that often unveil certain details and emotions. In utter imagination‚ she describes a future
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