This short paper shall assess the significance of conceptual-primacy to the process of developing a conceptual-framework for financial reporting. Furthermore‚ we shall explore how conceptual-framework producers‚ such as the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB)‚ have treated conceptual-primacy‚ and seek to determine whether or not they have made the correct choice in their treatment. ‘Conceptual-primacy are concepts that are used to
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of Fair Value Disadvantages of Fair Value The debate on Financial Stability Conclusion References Introduction Society’s major concern is the recent financial crisis which had an unprecedented impact and dire consequences on the global economy and the current economic regulations around the world. The beginning of the economic paradigm change was the major collapse of previously leading financial institutions such as Wachovia‚ Bear Stearns‚ Merrill Lynch and Lehman
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REPORTING PRACTICE OF THE CORPORATE SECTOR IN INDIA Sham Lal & Sonia Lecturer in Commerce‚ Guest Faculty‚ Govt. Bikram College of Commerce‚ Patiala . Research Scholar‚ Dravidian University‚ Kuppum‚ AP. MA Economics Part II‚ Punjabi University‚ Patiala Abstract Disclosure is the communication of various details regarding the activities of the business which are to be disclosed either statutorily or otherwise‚ and it is to convey a true and fair view of the operating results and financial position
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Assessing the Development of Voluntary Internet Financial Reporting and Disclosure in Egypt A Thesis submitted for the Degree of Doctor of Philosophy By Doaa Abd El Rehim Mohamed Aly BSc in Accounting MSc in Financial Accounting Department of Accounting and Finance Hull Business School 2008 To My Mum Acknowledgement I would like to express my sincere thanks and great respect to those who helped and encouraged me towards the completion of this research. I wish to give special thanks and to
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EXECUTIVE SUMMARY The purpose of this report is to identify and analyse what it means to be a sustainable business‚ how to report for it‚ and the cost/benefits of integrated reporting. By using Woolworths as an example of what to expect and the outcomes of their progress I dissect the strategy Woolworths adopted in attempting to implement sustainability into their every day-to-day operations and through doing so have resulted in a conclusion with a recommendation for Coolworths. Sustainability
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Factory Farming Factory farming involves raising livestock in a small‚ confined area on a large scale for the purpose of supplying food for human consumption. Hens‚ for example‚ are crammed into cages that are housed in large sheds where there is very little light‚ so that they can keep laying eggs. This makes it cheaper for farmers‚ since they don’t have to spend as much time looking after the welfare of their livestock. There are certainly ethical questions. It could be argued that factory farming
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accounting branches have been expanding at a considerable step which has also put load on this ground field. Companies and businesses interface their financial rank by producing few outlines to the exterior world so as to retain the interest of employees‚ shareholders‚ investors‚ customers‚ etc. This statistics is shared in the outline of financial declarations‚ annual reports‚ etc which makes it easier on the decision making procedure as well. Besides‚ showing misleading and untrustworthy reports
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harmonise accounting standards across the globe. The appeal of international accounting harmonization has been extensively discussed. Numerous academics Ali‚ J M (2005)‚ Adhikari and Tondkar (1992)‚ Saudagaran (1997) argue that adopting International Financial Reporing Standards (IFRS) would bring great benefits to society‚ such as comparability of statements between countries‚ progression and development of capital markets and communication and relationships between multinational companies. It has also
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Sustainability 2 What Sustainability means to Woolworths 3 Corporate Stakeholders of Woolworths 3 Woolworths Drive for Change 5 Integrated Reporting 6 Why Integrated Reporting? 6 Woolworths Integrated Reporting 7 The Future of Integrated Reporting 7 Conclusion 8 Word Count: 1995 Executive Summary This report examines the new world of sustainability reporting‚ and the complex web of stakeholders. It focuses particularly on the demands for new kinds of transparency which serve the interests of
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Health Care Financial Management: Reporting Practices and Ethics Marvin Dumlao HCS/405 April 6‚ 2010 Lisa Sanders Health Care Financial Management: Reporting Practices and Ethics Whether operating as for-profit or non-profit‚ organizations must pay close attention to accounting practices and adhere to sound financial management procedures to remain solvent. This applies to health care organizations as well
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