Religion is one of the most ancient‚ sacred and time tested institution in society that is used as an instrument of social control. Religion espouses certain values and ethics which serve as a yardstick to measure our actions against. People feel that there is some power‚ or institution wielding immense power to which we are accountable to. In such a situation people would think before committing certain acts which are not accepted by the society. Due to the presence of such a force a person would
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is provided for general guidance only and on the understanding that it does not represent‚ and is not intended to be‚ advice. Whilst care has been taken in its preparation‚ it should not be used as a substitute for consultation with professional accounting‚ tax‚ legal or other advisors. Before making any decision or taking any action‚ you should consult with an appropriate specialist or professional. No warranty is given to the correctness of the information contained in this document‚ or its suitability
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Accounting for non-accounting students eighth edition John R. Dyson ACCOUNTING FOR NON-ACCOUNTING STUDENTS Visit the Accounting for Non-Accounting Students‚ eighth edition Companion Website at www.pearsoned.co.uk/dyson to find valuable student learning material including: G G G G Multiple choice questions to help test your learning Extra question material Links to relevant sites on the web Glossary explaining key terms mentioned in the book We work with leading authors to develop
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Discuss the importance of communicating effectively in the professional world. Communication is about people connecting with people to exchange knowledge or ideas from one person to another; which involves a sender transmitting an information or feeling to a receiver. Robbins (1987) has stated “The quality of your life is the quality of your communication”. McPheat (2010) has stated “Communication is the art of creating and sharing ideas. Effective communication depends on the richness of those
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Question 1 The ethical guidelines which accountants are obliged to follow in the conduct of their work are made to combat criticism and gain credibility by preventing fraudulent accounting. Accountants ought to be able to maintain impartiality and independence to create a clear‚ credible and unbiased audit. Hence‚ the ethical principles are considered important. This is because the work of accountants requires a high level of ethics since the financial statements prepared and verified by auditors
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asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store supplies inventory. finished goods inventory. raw materials inventory. work in process inventory. Inventory items on an assembly line in various stages of production are classified as Finished goods
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International Business (BBB4M) Topic: ASSESSING BUSINESS OPPORTUNITIES IN THE DEVELOPING WORLD Name: Lee Siaw Teng Student ID: 12015574 Lecturer: Mr Dave Leonard Period: 3 According to the information from the United Nations Conference on Trade and Development (UNCTAD)‚10 of the least developed countries (LDCs) in the world are Afghanistan‚ Angola‚ Bangladesh‚ Benin‚ Bhutan‚ Burkina Faso‚ Burundi‚ Cambodia‚ Central African Republic‚ Chad and etc. There
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U. S. Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS) There are numerous companies that use different types of accounting standards or rules. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles the most popularly used by companies. IFRS is a set of accounting standards that provides a global framework for how public companies prepare and disclose their financial statements. The U.S. Generally
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Assignment 2 Basic Accounting Concepts and Business Structures Basic Accounting Concepts and Business Structures Before the Great Depression and the crash of the stock market‚ there were no groups governing the accounting world‚ nor had any principles been put into place. Because of this‚ various groups and GAAP had to be formed to ensure that quality financial reporting was exhibited. There are still discrepancies in accounting but with the hierarchy of
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Business ethics is an area of ethics that examines ethical rules and principles within a commercial perspective using cases such as: Accounting Irregularities at WorldCom and Arthur Andersen…No More: What Went Wrong? (Business Ethics 4th Ed: Cases 5 & 6 pg.101-109)‚ both clearly present various moral and ethical problems that arise that are real life business scenarios as well as question the impact of certain ‘special’ duties/obligations that apply to particular individuals and employees who choose
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