Accounting Theory Construction The function to study accounting theories is to classify them according to the assumptions they rely on‚ how they were formulated‚ and their approaches to explaining and predicting actual events. There are some classification which are pragmatic‚ syntactic‚ semantic‚ normative‚ positive‚ and naturalistic approaches. Pragmatic approaches are based on observing the behavior of accountants or those who use the information generated by accountant. Syntactic approaches
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Introduction Accounting is a very old science as it is strictly related to the first forms of trade in the old world. According to Belkaoui (1992: 22)‚ the Committee on Terminology of American Institute of Certified Public Accountants (AICPA) defines accounting as follows: "Accounting is the art of recording‚ classifying and summarising in a significant manner and in terms of money‚ transactions and events which are in part at least‚ of a financial character‚ and interpreting the results thereof
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group of individuals or society. Deontological theories: Deontological theories are the category of normative ethical theories. It is a form of moral philosophy centered on the principles of eighteenth century philosopher Immanuel Kant. Its name comes from the Greek words Deon and logos‚ meaning the study of duty. Deon means duty. Actions are morally right are those in accordance with certain rules‚ duties‚ rights and maxims. Deontological theories hold that an action’s tightness or wrongness depends
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Motivation Why is the study of different theories of motivation important to managers? (References provided as numbers wherever needed and referenced at the end of the essay) Introduction A couple of decades ago‚ the topic of motivation were just another term in the books of managers trying to implement behavioural techniques on their employees. Give perks‚ give monetary benefits‚ performance rewards and employees are bound to be motivated – as simple as that. But gradually as the years passed
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Applying agency theory‚ positive accounting theory focused on the agency relationships between principals and agents. Positive accounting theory proposed that agents have incentives to enter various contracts. Firms themselves were considered as a nexus of contracts between many self interested individuals. The contractual arrangements are initially put in place for efficiency reasons with well developed contracts reducing the overall agency costs that could arise within the firm. (a) What is
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#2 Is this client the right fit for your firm? Summary: This article talks about how the CPA firms can avoid the problem clients before they cause troubles. The article demonstrates some basic steps for all clients’ engagement‚ then tells us how to deal with higher-risk engagement‚ and finally talks about how the CPA firms can formalize the engagement process. Firstly‚ the main points of basic steps for all clients and engagements are CPA firms should evaluate prospective client integrity
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Rivalry Among Existing Firms The coffee industry is a highly competitive industry in that coffee is served at almost every restaurant‚ diner‚ and convenient store in the nation. Most homes brew their own coffee as a more convenient and less expensive way of getting their daily coffee fix. Thirty years ago people who wanted a premium cup of coffee would head to their local coffee houses or their corner cafes in order to obtain the highest quality of coffee. Today with the onslaught of corporate
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Stakeholder Theory Defining it in relationship to Social Responsibility Author note This paper will help our class research the Stakeholder theories to come up with a framework to address the issues in the Niger Delta‚ defining principle of who or what really counts concerning the core‚ the fringe and other stakeholders; so that this project will be socially responsible and a win-win for all. Abstract This paper will explore and define the what
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Corporate governance is not for small companies and organizations. Analytically comment with examples. Introduction This paper attempts to make an analytical comment‚ with examples‚ on the assertion that corporate governance is not for small companies and organizations. This will be done after the definition of terms‚ “corporate governance”‚ “company”‚ and “organization”. Definition of Terms “Corporate governance” enshrines the manner in which power is exercised in the management of economic
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Class Professor’s Name Institution Date Introduction Game theory is an important tool that can be used to determine how the decisions made by others come into play and also subsequently influence other’s decisions. It borrows from parlor games such as chess and poker to come up with the concepts that influence it. The concept goes a long way in explaining where the theory gets its name. Its main application areas include places
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