Thesis: Ethical Objectivism exists because 1) Moral Principles don’t require an author; 2) the deepest moral principles are objectively right or wrong‚ independent of human and divine opinion; 3) some moral standards are universal. A1: Some moral principles such as if one kills‚ then one does wrong‚ have always existed and are eternal and have no author; as Shafer-Landau said‚ “It will continue to be true even after the human race is extinct.” O1: Argument 1 is unconvincing because‚ just as the
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International Financial Reporting Convergence: Evidence from Three Continental European Countries PASCALE DELVAILLE‚ GABI EBBERS AND CHIARA SACCON† ESCP-EAP‚ Paris‚ France‚ Allianz AG‚ Mu¨nchen‚ Germany and †Universita` Ca’ Foscari di Venezia‚ Venezia‚ Italy ABSTRACT Listed companies in the European Union are required to apply International Financial Reporting Standards (IFRS) in their consolidated accounts as of 1 January 2005. The purpose of this paper is to compare developments
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Reporting Practices and Ethics HCS 405 Sound financial‚ ethical practices in for-profit and non-profit health care organizations are important because they increase the confidence that all stakeholders have in the organization. Health Care managers have to ensure that good ethical practices are employed while carrying out all the elements of health care finance management to ensure financial stability for the organization and preference from consumers and stockholders. There is
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Framework for Financial Reporting I am from England‚ and here in the UK‚ unlike most countries‚ our system of government has no comprehensive written constitution. Many countries do have such constitutions and in these circumstances the laws of the land are shaped and influenced by the constitution. Now while the International Accounting Standards Board (IASB) is not a country it does have a sort of constitution‚ in the form of the Conceptual Framework for Financial Reporting (the Framework)
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Ethical Egoism is “the doctrine that each person ought to pursue his or her own self-interest exclusively” (Rachels 71). With Ethical Egoism‚ we ought to do what is in our own self-interest‚ instead of trying to do what is in. While we are exclusively pursuing our own interests‚ we can still help people because in many ways‚ when you help yourself‚ you are also in a way helping others who are benefiting from your rewards. Rachels uses the explanation of when you convince a teacher to cancel an assignment
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1. Sources of GAAP and basic framework and concepts ........................................................... 3 2. Reporting net income ................................................................................................... 14 3. Income statement: Income from continuing operations ................................................................................ 17 Discontinued operations ...............................................................................
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How does the market influence financial reporting standard setting? In the December 1978 Journal of Accountancy academic article‚ “The Rise of ‘Economic Consequences‚’” Stephen Zeff talks about how economic consequences – “the impact of accounting reports on the decision making behavior of business‚ government‚ unions‚ investors‚ and creditors” – can often be detrimental and therefore‚ should be taken into consideration when setting financial reporting standards. He mentions how in 1977‚ the conclusion
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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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SOC 202 Nov 7‚ 2012 "Egypt fights to stem rapid population growth‚" by Will Rasmussen Will Rasmussen in the article “Egypt fights to stem rapid population growth‚" writes about Egypt’s dilemma of trying to stop a vastly growing population. Egypt ’s population doubled since President Hosni Mubarak took office in 1981 and it’s likely to double to 160 million by 2050. The nation’s growth has been quite high‚ in recent years the fertility rate is about 3.1 children per woman in contrast to the United
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Is Financial Deregulation Good? It was well-believed that free market was the essence of capitalism and the foundation of this great nation‚ and every bit of attempt of interfering with the system would be considered the great threat to the nation’s economy. However‚ is this free market system the best choice for the nation‚ or it is only another illusion that created by those republican economists? Furthermore‚ is financial deregulation good for one nation’s economy? The movie “Wall Street” ‚ directed
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