it has acquired added importance. The workers in the industry cannot cope with the pace of modern life with minimum sustenance amenities. He needs an added stimulus to keep body and soul together. Employees have also realized the importance of their role in providing these extra amenities. And yet‚ they are not always able to fulfill workers demands however reasonable they might be. They are not primarily concerned with the viability of the enterprise. Employee welfare‚ though it has been proved to
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their credibility as external verifiers of external financial statements. The requirement for external auditors to be independent of their clients when undertaking an audit according to the International Federation of Accountant ’s (IFAC) Code of Ethics and in the European Union ’s Eighth Directive. In the IFAC code‚ this requirement is translated into various situations where observance of
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A Comprehensive Business Reporting Model Financial Reporting for Investors July 2007 CFA Institute Centre Comprehensive Business Reporting Model Staff Kurt Schacht‚ CFA Managing Director Rebecca McEnally‚ CFA Capital Markets Policy Group Georgene Palacky‚ CPA Director Financial Reporting Group Members of the Comprehensive Business Reporting Model Subcommittee and the Corporate Disclosure Policy Council Gerald I. White‚ CFA‚ Chair Grace & White Inc. New York‚ NY United States
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A. The main purpose is to of the (IASB) develop and issue International Financial Reporting Standards and Exposure Drafts‚ and Approve Interpretations developed by the International Financial Reporting Interpretations Committee (IFRIC). B. How is the IASB made up IASB is originally made up of 14 members from different countries with experience covering wide areas of accounting and business. The objectives of the ISAB are: (a) to develop‚ in the public interest‚ a single set of high
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Business Law and Ethics Review Notes Lecture 1 Profit affect business decisions‚ but do we really have a free market to conduct our business in? BUSINESS DECISIONS Internal Forces Type of Business Structure Ethics CSR Corporate Governance External (Legal) Forces Contract Law Agency Tort Law Consumer Law External (Structural) Forces Legal System Dispute Resolution Regulation Ethics: Concerned with how we should behave‚ and involves theories that describe the ‘right’ way to make
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CIA_C19.qxd 10/03/2008 19 CONTENTS OBJECTIVES 16:49 Page 427 Segment reporting Clare B. Roberts1 19.1 What is segment reporting? 19.2 The need for segment information 19.3 Disclosure regulations 19.3.1 Introduction 19.3.2 Requirements in the United States 19.3.3 IAS 14 19.3.4 IFRS 8 19.4 Evidence on the benefits of segment reporting 19.4.1 Introduction 19.4.2 Studies of user decision making 19.4.3 Studies using researchers’ forecasts 19.4.4 Stock market reactions to segment disclosures Summary
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public‚ and the scale has experienced multiple changes since the first day. The question is‚ do IQ-test really measures person’s intelligence? According to Howard Gardner’s article “Human Intelligence Isn’t What We Think It Is”‚ humans are multi-intelligence beings. So‚ IQ-test merely cannot provide an accurate representation of an individual’s intelligence level‚ rather IQ-tests generally measure only two forms of intelligence which are linguistic and logical-mathematical intelligences. However‚ we
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Rivera-Torres 1 Rafael A. Rivera-Torres ACCT 301.001 Mr. J. Eason March 6‚ 2014 Financial Reporting Research A. What were the cash and cash equivalents reported by Coca-Cola and PepsiCo at the end of 2011? What does each company classify as cash equivalents? 1. The only cash/cash equivalents Coca-Cola reported was their Operating Cash. The Company reported $9‚474(in millions) as Cash in their Selected Financial Data‚ Year Ended Dec. 31‚ 2011. 2. PepsiCo reported investments with original
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Ethics is very broad to define but it is also very simple and common in our lives. In general‚ ethics is the branch of study dealing with what is the proper course of action for man. It is considered the moral standards by which people know what is right and what is wrong? At a more fundamental level‚ it is the method by which they categorize their values and pursue them. Most people learn about ethics at home‚ at school‚ in church‚ or other social places. Although most people acquire their sense
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Business Ethics Across Cultures Article Review: mb.. America has not always had the same working conditions and ethical guidelines it has today‚ in fact in the early 1920’s American industries painted a very different picture. There were no child labor laws so it was acceptable that twelve year olds went to work to “feed the family.” There were no safety guidelines in place‚ if you got your arm chopped off working for the railroad then your oldest child had to go to work to make up for your lost
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