Ethics in Accounting • • • • • • • • Systematic body of theory and knowledge Extensive education process for its members Ideal of service to the community High degree of autonomy and independence Code of ethics for its members Distinctive ethos/culture Application of professional judgment Existence of a governing body Attributes of a profession • Service ideal • Market control view The service ideal vs. the market control view Accountants work in: • private companies
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standard-setting processes. The introduction of IFRS in Australia replaced the original accounting standards and brought several brand new standards. Until now‚ Australia was the first country with a tradition of its own standard-setting to implement international accounting standards for general purposes. Therefore‚ the adoption is unexpected and controversial. This essay mainly focuses on the negative side of this accounting standard conversion‚ which points out a number of potentially serious problems
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Management Accounting Contents 1. Introduction 3 2. Traditional costing system and its limitations 3 3. Activity-Based Costing 4 4. Case Question 4 5. Analysis of the different result between traditional costing system and ABC system
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ACQUISITION Answers to Discussion Questions How Does a Company Really Decide which Investment Method to Apply? Students can come up with literally dozens of factors that should be considered by Pilgrim in making the decision as to the method of accounting for its subsidiary‚ Crestwood Corporation. The following is simply a partial list of possible points to consider. Use of the information. If Pilgrim does not monitor its own income levels closely‚ applying the equity method would seem to be a
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Journal of Business Finance & Accounting‚ 32(3) & (4)‚ April/May 2005‚ 0306-686X Discussion of Accounting‚ Valuation and Duration of Football Player Contracts JOHN FORKER* Investment by football clubs in player contracts provides a natural experiment to evaluate the mandated accounting requirement that purchased intangible assets must be capitalised (ASB‚ FRS 10‚ 1997b). The study is well grounded for three reasons. First‚ the availability of industry level transaction price data for transfer
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not allowed to do any accounting job as it was perceived to be a man’s job. Major accounting firms did not hire women at all. Now‚ before World War II women were only hired as “bookkeepers”. In 1940 there were 475685 women bookkeepers who represented 51.1% of the bookkeepers then employed (Business and Economics History‚ pg. 79). Out of these masses only 18265 women were later employed as accountants or auditors. Colleges in the past discouraged women from studying accounting courses (Lasseter‚ 1945)
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Literacy in accounting Kierra Collins Florida State College of Jacksonville At least once in a life time a person will have to trust another with their financial wellbeing. People such as accountants who take care and manage the money of others. Accountants assist their clients with finical advice and make sure that all of their government work is in order. Others work for big corporations and the take care of their bookkeeping. Accountants have a very difficult job because not only do they have
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basic code of conduct that defines what it means to act as a professional. A professional firm can look to a number of sources for key principles of ethical conduct to emphasize in its practice. 2. Analyzing Ethical Situations Discussions of case studies that apply ethical standards to common workplace situations can be particularly effective‚ since professional conduct and ethical behavior depend on the good judgment of individuals in what are often complex‚ challenging‚ and ambiguous real-life
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SYLLABUS FOR MANAGEMENT ACCOUNTING – ACCT 5100/7100 PROFESSOR LINDA BAMBER Fall 2012 Date 8/14 Tue. Topic Introduction to Management Accounting and Professionalism Chapter and Reading Course Outline Syllabus eLC Student Orientation: http://elc.uga.edu/student_orientation /index.html Assignment Due Today 1) Hand in your ACCT 5100/7100 profile. 2) Form teams of four with no more than one MBA student per team (I will try to fill out teams of two or three). One team member should email
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----------------------- A PRIMA - FACIE CASE FOR ISLAMIC ACCOUNTING • Purpose Accounting : To permit informed decision which will enable scare resources to be allocated efficient to achieved ‘social welfare’. |Islamic |Conversational | |To achieve socio – |To meet needs of | |economic & religions|‘capitalist’ | |objective of Islamic|economy. | |Institution & | | |Muslims Users. | | |Provide holistic
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