Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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Social Enterprises‚ which we usually called SEs‚ does not have a universal definition. Generally‚ it is a business to achieve specific social objectives‚ such as creating job and training opportunities for the handicaps in our society. According to the survey conducted by Hong Kong General Chamber of Social Enterprises Limited‚ there are only a few SEs made profit under the financial support of government‚ as they claimed that the government have not provide sufficient financial support to them.
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HISTORY OF ACCOUNTING Primitive Accounting Traced as far as 8500 BC in Mesopotamia through the use of clay like: a. Record for paid wages b. Record purposes‚ as general Pyramids in Egypt‚ for the costs of structures Other places like China‚ Babylon‚ and Greece Middle Ages More formal account-keeping methods were developed by the merchants and banks. Double-entry records first appeared in Genoa in 1340 AD. First accounting book was written by Contrugli in Naples Summa de Arithmetica
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ETHICS IN ACCOUNTING Presented by: Rojina Sapkota Abhilasha Thapa Pooja Shah Sandeep Gautam Mendhala Lama Gurung AND THE ACCOUNTING PROFESSION What is ETHICS? -All about making right choices and producing good behavior What is ETHICS in ACCOUNTING? -Being responsible enough to behave as a TRUSTWORTHY accountant. ROLE/IMPORTANCE OF ETHICS IN ACCOUNTING To provide true knowledge of the financial transactions taking place. To ensure correct decision making . WHAT IS AN ETHICAL DILEMMA
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Acknowledgement ... ... ... … … … iii ... ... ... … … … iv … 1 Survey of Small and Medium Scale Industries and Their Potentials in Nigeria. By F.N.‚ Udechukwu‚ AGM‚ African Express Bank Plc … … … … The Role of Central Bank of Nigeria in Enterprises Financing. By C.M. Anyawu‚ Deputy Director‚ Research Dept.‚ Central Bank of Nigeria … … … … … 15 Problems and Prospects of Small and Medium-Scale Industries in Nigeria. By J.A. Olorunshola‚ Asst. Director/Vice Principal (Academics)‚ CBN\ Training
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A & AUDIT international accounting CCOUNTING ING Accounting for Small Businesses: The Role of IFRS By Nancy Christie‚ John Brozovsky‚ and Sam Hicks F or decades‚ U.S accountants in all fields have recognized a need for a simpler set of financial reporting standards for small businesses‚ but regulators have not been willing to provide a second set of standards. Now‚ for the first time‚ there may be an answer for small firms desiring relief from the onerous reporting requirements
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define accounting. What are the three main characteristics of accounting? Is accounting static or dynamic? Accounting collects‚ analyzes‚ measures and records financial information about an organization and reports that information to stakeholders and decision makers. Accounting has 3 essential characteristics. Accounting is the (1) identification‚ measurement‚ and communication of financial information about economic entities to interested persons. Like social sciences‚ accounting is largely
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Minor Enterprises Financing Problems Research Abstract Small and medium-sized enterprises in China’s economic and social development plays an irreplaceable role in financing‚ but weak asymmetric position‚ financing constraints have become a bottleneck restricting the development of SME. Small and medium-sized enterprises in China’s economic and social development‚ in the adjustment of economic structure‚ and the active market and increase employment opportunities‚ developing the local economy
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MULTINATIONAL ENTERPRISES AND EMERGING MARKETS The need for multinational companies to invest foreign economies becomes erstwhile with increasing globalization. Multinational Enterprises‚ MNEs‚ enter foreign markets for different reasons; some enter the market in search for market control as regards sales and distribution of their goods and services while for some‚ it is either to gain cheaper labour or utilize more specialized expertise or for easier access to a resource(s) that facilitates or
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SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA: THE PROBLEMS AND PROSPECTS. By Abiodun Fatai1 Department of Political Science‚ Faculty of Social Sciences Lagos State University‚ Ojo‚ Lagos Nigeria. ABSTRACT Small and medium scale enterprises have long believed to be catalysts for economic growth and national development both in developed and developing countries. In Nigeria where private sector is not well developed SME is assumed to play the role of employment generation‚ facilitator of economic
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