Ethical Implications in Practice The embodiment of Nursing is caring and compassion‚ the prevention of illness‚ lessening any discomforts and the protection‚ betterment and reclamation of health. Ethics has been an essential part of the framework of the healthcare provider and it is idiosyncratic‚ self reflective and abiding. Another essential part is confidentiality‚ for the healthcare provider and patient this helps gain trust and open communication‚ ensuring that the best possible care can be
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Introduction The Financial Reporting Council (FRC) is a statutory body under the Australian Securities and Investments Commission (ASIC) Act 2001 and its purpose is to oversee the process of setting accounting & auditing standards. One of the many key roles of FRC includes the maintenance of independence functions of auditor by monitoring and assessing the overall adequacy of the procedures followed by the auditors and their compliance with auditor independence requirements (FRC 2011). It also
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Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
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Reporting Contingencies and the Financial Statement When faced with a lawsuit you have to know whether or not to consider contingencies. According to Schroeder‚ Clark‚ and Cathey (2005) a contingency is a future event that could possibly have an impact on the firm. There are four different ways a contingency should come to view and they are income tax disputes‚ notes receivable discounted‚ accommodation endorsements‚ and what this company is dealing with a pending lawsuit. When a gain is possible
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Fraudulent Financial Reporting Schemes Abstract Routine examinations‚ audits‚ or internal control procedures‚ do not reveal most accounting fraud. Only 20% is revealed by way of auditing‚ however whistle blowing accounts for most revealed accounting fraud. Financial statement fraud will usually occur in such schemes as: fictitious revenues‚ timing differences‚ concealed liabilities & expense‚ improper asset valuation‚ or asset/revenue overstatements (just to name a few)‚ (Frempong‚ 2012)
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Target Company Selection Process The target company we decided on for our financial analysis is General Electric. At first we were looking at Starbucks‚ as it is a rapidly growing multinational corporation‚ but after some research we discovered that the earnings per share growth of Starbucks is 40.2%. Therefore Starbucks did not meet the requirement set at 50% EPS growth to be considered a truly “rapidly growing company”. We then continued our research and were able to find that General Electric
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Health disparities is defined as significant differences with regard to the rates of disease incidence‚ prevalence‚ morbidity‚ mortality‚ or life expectancy between one population and another (Miller‚2015). One example of a health disparity that affects older adults much more often than other classes would be something such as dementia. Dementia is a disease that affects older people much more often than younger. This disease also progresses as one gets older so the oldest of adults are even more
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Ethical Position Statement What does it mean to truly eat ethically? Is it even possible? My answer yes‚ but in moderation. To be ethical means to be morally alert while pursuing an action. So connecting this to food I would say that eating ethically means to consider economics‚ conveniency‚ nutrition‚ and morals while purchasing or consuming a food. What I would consider an ethical meal is something that includes a balance of protein and vegetables. These items could possibly be purchased at a
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Written Brief #4 Ethical conduct on its surface seems like a simple enough area to grasp firmly and abide by. Most people are born hard wired with a certain sense of order that is conventionally thought of as ethical conduct. Ethical conduct cannot be gauged and categorized due to its ever changing nature. Today’s public administrators face many dilemmas in regard to ethical conduct. This is not because today’s public administrators are inherently evil. This is mainly due to the elevated
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Scope of Practice In order to work within one’s scope of practice‚ there are a few standards and parameters that must be met. Also‚ there is a great deal of responsibility‚ since you are dealing with the lives of others. In order to be able to work within a certain scope of practice‚ there are usually three metrics that determine a professional’s scope: level of education‚ legislature‚ and the specific facility (Garrett‚ 2016). For example‚ someone who goes to school for nursing will be limited
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