The differences between managerial accounting and financial accounting can be distinguished through 5 aspects: a) Primary Users of Reports In managerial accounting‚ the information will be use within the organization‚ by the employees and managers‚ where else in financial accounting‚ the information in the reports will be used by external parties such as banks‚ creditors and shareholders. b) Types and frequency of the reports. In managerial accounting‚ the information is reported continuously
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0-20% a)HELD TO MATURITY: only used for debt securities LOCOM (if impaired‚ write down) Financial Investment (A+) 22 Cash (A-) 22 b)TRADING: gains & losses are recognized in I/S; intention of investor is to profit from ST price fluctuations FAIR VALUE Financial Investment (A+) 22 Cash (A-) 22 Financial Investment (A+) 4 Gain on investment on securities (OE+) 4 c)AVAIL FOR SALE: recorded on B/S at FAIR VALUE; gains
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Legal 2 Test 2 Studyguide Sole Proprietorships the simplest form of business organization. Sole proprietorships are the most common form of business organization in the US. Major advantages: * Forming a sole proprietorship is easy and does not cost a lot. * The owner has the right to make all management decisions concerning the business‚ including those involving hiring and firing employees. * The sole proprietor owns all of the business and has the right to receive all of the
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“A sound financial reporting system‚ supported by high quality accounting standards and backed by a solid regulatory‚ governance and ethical framework‚ is a pre-requisite for economic development”. Accounting has been around since the beginning of civilization and played an important role in the development of cities‚ trade and the concepts of wealth. Nowadays‚ business is very complex and therefore there is an increased need for providing accurate and reliable financial information. Moreover
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Ethical language is meaningless. Discuss. Twentieth Century ethics has been highly dominated by linguistics. Ethicists now worked to discover the meanings of terms such as “good” or “bad”. This goes beyond normative ethics such as Utilitarianism‚ Kantian ethics or Virtue ethics but rather looks at the usefulness and meaningfulness of ethical language‚ known as Meta ethics. It also tries to understand the meaning of terms used in descriptive ethics usually used by sociologists. Ethical language
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Executive summary: Sustainability reporting‚ alternatively known as CSR reporting‚ is the annual process whereby companies - public‚ private; large and small - report on their sustainability performance. Reports typically cover social‚ environmental‚ economic and ethical performance and incorporate information on a company ’s environmental impact or carbon footprint‚ staff satisfaction‚ community investment etc. Sustainability reporting is becoming increasingly important as a tool companies can
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large corporations to small businesses‚ individuals involved in all types of business often face ethical issues stemming from employee behavior. For example‚ whether an employee can spend work time checking personal email accounts‚ how a manager deals with claims of harassment and to what extent a manager can "groom" a certain employee for a promotion are all examples of ethical issues regarding employee behavior. There are legal consequences for some unethical employee behavior. For example‚ if a supervisor
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Legal‚ ethical and operational issues. The NHS is the biggest publicly fundnstedividual with the persons records. Email policies also request that the form of communication should not replace face to face contact as it is still important to maintain personal relationships with colleagues. Ethical issuesed health service in the world and prcompany email addresses as well as their access to the internet whilst in work‚ for example emails mustn’t be used i It is important for the NHS to comply
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According to the text‚ describe and discuss the unique considerations you may have to undertake as a counselor when working with the elderly client and how you would handle them. According to the text‚ the following are suggestions in offering mental health services to the elderly: A‚ Counselor shall have proper skills and training in counseling adults. Counselor shall assess their own attitude about quality of life. B‚ Be knowledge about the legal and ethical issues that may rise when working with
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Explain The Legal And Ethical Issues In Relation To The Use Of Business Information Unit 4 p2 12 b 1 Introduction There are many issues which relate to the use of information which affect an organisation‚ there are three main headings which are legal issues‚ ethical issues These main headings cover all the key information and how it may affect an organisation which may be crucial to the way they deal with information and how it may need to adjust its way of operating for legal issues
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