security company‚ Marksman Limited‚ while several other students encircled the guard room attempting to get hold of the student‚" according to a joint statement issued by UTech‚ the UTech Students’ Union‚ and Marksman Limited. Issues that raise ethical Concerns Security guards acting out of the scope of their duties by violently beating student seeking refuge. Harmful accusations and defamation of character of the students involved. Any student’s safety may be at risk by other students at anytime
Premium Security guard Ethics Security
obstacles faced by the family bring some serious ethical choices to the forefront. ETHICAL DELIMAS An ethical dilemma is described as a situation where the appropriate response is not clear because the answer does not exist in a rule or policy Ethical Models and Dilemmas: For analysis purposes‚ the five approaches to ethical decision-making are utilized. Utilitarian approach: This principle states that for any two actions‚ the more ethical one will produce the greatest balance of benefits
Premium Virtue ethics Ethics Morality
Financial Accounting and Reporting Case: America Online 1. What accounting approach has AOL used in the past that it is now changing (related to the $385 million)? AOL‚ prior to October 1‚ 1996‚ recorded the expenditure related to subscribers acquisitions as an asset and amortized monthly over a period < 24 months. This was a strongly criticized approach. Furthermore‚ the accounting approach in the article is considered aggressive. In October 1996‚ they discontinued capitalizing customer acquisition
Premium Revenue Generally Accepted Accounting Principles Balance sheet
No.6 (Serial No.61) Journal of Modern Accounting and Auditing‚ ISSN 1548-6583‚ USA Fair value accounting under financial crisis HE Cai-xia1‚ ZHANG Chi2 (1. School of Accounting‚ Zhongnan University of Economics and Law‚ Wuhan 430073‚ China; 2. School of Management‚ Huazhong University of Science and Technology‚ Wuhan 430073‚ China) Abstract: The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA). This debate presents a major challenge
Premium Balance sheet Asset Generally Accepted Accounting Principles
Question 5 “Financial accounting is compulsory for companies. Therefore it must be the only type of accounting that managers need.” You are required to: Discuss the above statement and provide examples to support your points of view. (25 marks) Financial accounting is the field of accountancy concerned with the preparation of financial statements for decision makers‚ such as stockholders‚ suppliers‚ owners and other stakeholders. The fundamental need for financial accounting is to reduce
Premium Asset Accountancy Management accounting
Ethical concerns were respected in every phase of development and implementation of this study. For example‚ the principles of the Belmont Report (U.S. DHEW‚ 1979)—which include respect‚ justice‚ and beneficence—were adhered in all phases of this study. Moreover‚ the investigator received permission to perform research in compliance with federal regulations (Hall‚ Prochazka‚ & Fink‚ 2012; Stoljar‚ 2011). Also‚ the investigator submitted the application form requesting an expedited review for this
Premium Health care Patient Hospital
Financial Statements for Internal Reporting Purposes vs. Financial Statements for External Reporting Purposes It is common in most companies to maintain two set of financial statements; one being used/presented for internal reporting purposes and another for reporting externally. Internal reports are used primarily to aid management in the decision making process throughout the course of the business. These are subject to internal audit to make sure that all information reported are fair and correct
Premium Auditing Financial audit Audit
Interpreting Financial Statements An important factor to the success of a small business is understanding financial statements. Financial statements are very important and critical to a business’ journey to economic success. According to Edmonds‚ Olds & Tsay‚ (2008)‚ when used properly‚ financial statements can act as a basis of information for business valuation. Another important and useful indicator when determining a business’ performance and financial situation are financial ratios. Financial
Premium Generally Accepted Accounting Principles Balance sheet
Ethical and Legal Issues in Nursing How personal and societal values can influence ethical decision- making process when nurses are faced with ethical issues‚ nursing has long advocated a nonjudgmental approach to care. Nurses need to able to apply ethical principle in decision- making and consider their own values and belief and the values and belief of the client. As nurses we have the responsibility to protect the right of the client by acting as client advocate. According with Blais‚ Hayes‚
Premium Morality Social philosophy Virtue
things that create jobs‚ develop new technology‚ make processes more efficient‚ and create beauty in the world around us. (Intellectual Property Law: Patents‚ Trademarks and Copyright‚ 2013) Was it ethical for Normandale to sell the alleged knock-off products at a lower price? No‚ it was not ethical for Normandale to sell the knock-off Mathis products for a lower price‚ or at all. Normandale knowingly and willingly sent photographs to CLA and told them to reproduce the line‚ identical to Mathis’
Free Trademark Intellectual property