provide a summary about the two theories stakeholder theory and legitimacy theory including the annual reporting about the company ’s Toyota motor corporation and BHP Billiton and the comparison that how they have address the economic social environmental aspect of the companies in their report 2011. And has finalise by comparing two different sustainability report from both company accordingly it has define that how legitimacy is managed through reporting by the two companies from the perspectives
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There is more to Financial Accounting than meets the Eye ACCT 201 The Impact of Financial Accounting The current economy reinforces the necessity for businesses and organizations to maintain a strict watch over their assets. “Two-thirds of new establishments survive two years and 44 percent survive at least four years” (Knaup‚ 2005‚ p. 50). These survival rates are based across the spectrum of all industries. Despite the views that other industries survive more frequently‚ research shows that
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Managerial Accounting Chapters 11-13 Chapter 10 – 3 Relevant costs are costs that are avoidable by choosing another alternative. If a variable cost differs between alternatives in a decision‚ than it is relevant; however‚ it is not necessarily true that ALL variable costs are relevant. Chapter 10 – 7 Prentiss would need to isolate the unavoidable costs of the product line first. A decision of whether a product line or other segment should be dropped should focus on the differences in the
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Why do we need Management? Melisa Honeycutt Vista College Why do we need Management? A business is an ongoing activity that will not run itself. As the manager‚ you will have to set goals‚ determine how to reach those goals and make all the necessary decisions. You will have to purchase or make your product‚ price it‚ advertise it and sell it. You will have to keep records‚ and determine costs. You will have to control inventory‚ make the right buying decisions and keep costs down. You will
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I have to recognized that we- human beings – can’t act as the dictates of reason and conscience in “our fear of being lonely or ostracized‚ or facing other unpleasant consequences”‚ but it does not mean that we do not have the option. It does not mean that we always are forced to choose obedience if may not like the choices we face. I believe that we can still make something different‚ otherwise we always have the option of being disobedient‚ as long as we are willing to face the consequences of
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Managerial Accounting‚ 3e (Braun/Tietz) Chapter 2 Building Blocks of Managerial Accounting 1) Service companies must carry a large amount of inventory to meet consumer demand. Answer: FALSE Diff: 1 LO: 2-1 EOC: E2-1 AACSB: Reflective Thinking Learning Outcome: Define and use cost-volume-profit analysis to analyze the effects of changes in costs and volume on a company’s profits 2) Manufacturing companies usually have three types of inventory. Answer: TRUE Diff: 1 LO: 2-1
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"Why do we need/don ’t need government?" The topic of government has always been a large area of conflict. In the following‚ I will discuss why we need a government. First‚ what all is the government responsible for? We can begin to address this question by looking at the United States Constitution. We the People of the United States‚ in Order to form a more perfect Union‚ establish Justice‚ insure domestic Tranquility‚ provide for the common defense‚ promote the general Welfare‚ and
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1-1 Chapter 1 An Introduction to Managerial Accounting and Cost Concepts Introduction to Managerial Accounting MSc. Mohammad Hicham Khalil Objectives 1. Comparison of Financial and Managerial 2. 3. 4. 5. 6. 7. 8. Accounting. General Cost Classifications. Product Cost versus Period Cost. Cost Classifications on Financial Statements. Cost Classifications for Predicting Cost Behavior. Cost Classification for Assigning Costs to Cost Objectives. Cost Classification for Decision Making
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Why do we need laws? The law controls social relations and behavior To satisfy our basic needs and to exploit the full potential of human existence‚ people have always sought to live in company or society with others‚ the basis of this existence‚ by its very nature‚ must involve social interaction. To ensure the society functions effectively and survives it is necessary to establish norms of acceptable behavior. The state may impose sanctions or punishments on those who fail to comply with
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incremental cost. opportunity cost. None of the above Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments: 3. Question : (TCO A) Property taxes on a company’s factory building would be classified as a(n) Student Answer: sunk cost. opportunity cost. period cost. variable cost. manufacturing cost. Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments:
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