There are four different forms of a business organization. They are a joint-stock company‚ limited liability company‚ partnership‚ and sole proprietorship. These forms of a business organization were started to help business owners with valuable support to make them profitable and successful. The first form of a business organization is a joint-stock company. Joint-stock companies are comprised of entrepreneurs that will raise the company’s wealth by selling stock shares to investors. There are
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Nature of Auditing and the Public Accounting Profession 1. Auditing neither creates goods nor adds utility to existing goods and therefore does not add value to business. Auditing exists only because it has been legally mandated. Auditing exists because it is needed by the company. It is beneficial to users who need assurance if their financial statements reflect economic conditions that occurred in a period. Without reliable information‚ companies might make less effective decisions which
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Faculty of Business and Environmental Studies T1/13 Coursework Assignment Diploma in Engineering Business Management Module: 102KM Business Organization Assignment Title: Types of Business Organizations Date & Time of Submission : Week 10 (22:00) Assignment Weighting : 50% Word Limit : 3000 words Description of Assignment This is an individual assignment and carries 50% of the module weightage. A business can have a number of different types of
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MGT 1 - Business Organization & Management Social Responsibility and Managerial Ethics Learning objectives: Contrast the classical and socioeconomic views of social responsibility. Discuss the role that stakeholders play in the four stages of social responsibility. Differentiate between social obligation‚ social responsiveness‚ and social responsibility. Explain what research studies have shown about the relationship between an organization’s social involvement and its economic performance
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Madison Messina Mr. sherry English 101 How technology has affected us Even though today’s technology makes our lives easier‚ technology also has its downfalls. Humans are much lazier than they have ever been‚ and there are more lost jobs because computers are taking over and doing work for us. For example‚ the other day my friend just lost her job doing customer service because the computer operators are now doing the customer service. People have become more dependent on cell phones
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and type. Key words: Cooperatives‚ balance sheet‚ income statement‚ farm supply‚ marketing‚ sales‚ and financial ratios. Analysis of Financial Statements: Local Farm Supply‚ Marketing Cooperatives E. Eldon Eversull and Beverly L. Rotan Rural Business-Cooperative Service U.S. Department of Agriculture FIBS Research Report 154 March 1997 Price: Domestic-S4.50; Foreign-$500 Preface This report studied the financial statements of local cooperatives‚ comparing 1995‚ 1994‚ and the past 10
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Are Ethics Important In The Accounting Profession? Sheree Fletcher CE CAPSTONE COURSE FOR THE ASSOCIATES DEGREE IDS399 September 10‚ 2006 What does ethics have to do with accounting? Everything‚ since there have been some recent financial accounting scandals; a few examples being Xerox‚ WorldCom‚ Enron‚ which have generated much unwanted and unfavorable publicity for CPA’s‚ including those working as controllers or chief financial officers for organizations. When you hear the word
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Business Organization MD BUS/210 August 19‚ 2012 Colette Franklin Business Organization I have a one of a kind product that I want to put out into the global market but I do not have the money it takes to put this product to the level it needs to be. I could be the sole proprietorship‚ where I have a nonincorporated business entirely owned by one person but I may need investors to perform this task. The profits I have acquired have exceeded expectations and I am currently on back order most
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The Recent Recession and How It Has Affected Our Economy We all realize that we are currently in a recession and times are tough. Almost everyone I know has been affected by this recession in some way‚ including my family. Due to this assignment‚ I have found myself asking this question: how has the recession affected my family and the community? Everyone that I spoke with had strong and emotional answers to this question. This past year has been very hard for my family. Both my husband and I
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The Implications of the Sarbanes Oxley Act on the Accounting Profession Abstract On July 30‚ 2002‚ the Sarbanes Oxley Act (also known as SOX) was signed into law by President George W. Bush. The Sarbanes Oxley Act of 2002 is a federal law that set new or improved standards for all U.S. public company boards‚ management and public accounting firms. Covered in the eleven titles are additional corporate board responsibilities‚ auditing requirements and criminal penalties. This
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