proper records on purpose‚ and some auditors related violated Professional Accounting Ordinance due to publicizing the annual reports with false information. This ethical issue connects to fraudulent financial reporting by management personnel and accountants. Fraudulent financial reporting is defined to be misstatements of accounts and disclosure of a company’ financial statements publicized to investors. Most of such issue involves two kinds of misstatements which are intentional mistakes and serious
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Chapter 6 Environmental Pollution Control Measures While modern societies face growing concern about global environmental issues‚ developing countries are experiencing complex‚ serious and fast-growing pollution problems of their own. The potent combination of industrialization‚ urban development and mass consumption trends is exacerbated by foreign companies operating with little regard for the impact on the local environment. Environmental pollution is more than just a health issue; it is a wider
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ACTION LEARNING Revans is a founder of action learning and he stated "Through constant questioning‚ we see more clearly just who we really are‚ and what remarkable resources we have access to. We will also see more clearly what is really facing us‚and we will become more capable of accepting and responding to change." Action learning sets are one approach that man be used to foster learning in the workplace. They have been used by a number of organisations in the NGO sector in recent years. The
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Microsoft’s Financial Reporting Strategy 1. What are the factors that likely explain the difference between Microsoft’s market value of equity and its reported book value of equity? One of the factors that explain the difference between Microsoft’s market value of equity and its reported book value of equity is the lack of effectiveness to record certain intangible assets such as stock of knowledge (i.e.‚ human capital) customer loyalty‚ and brand value. These former intangible assets mentioned
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Financial Reporting Problem Financial Reporting Problem In every company there are challenging that must be overcome to maintain a healthy business. It is important for a corporation like Wal-Mart to be aware of their competition. The ability to study and learn from other business in the same market can drastically influence the success of an organization. It is equally important to ensure that a corporation is aware of their own strengths and weaknesses. A corporation as large as Wal-Mart
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REPORTING OF MINUTES WHAT ARE MINUTES? Minutes are a brief authentic record of decision taken at a committee‚ board or other formal meetings. It attempts to record on paper what went on at a meeting and especially to know what was decided by the members. MAIN COMPONENTS OF MINUTES • Date‚ time and venue of the meeting • Names of the chairperson/ president and secretary • Names of those present at the meeting including special invitees‚ if any. •
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d.). Retrieved May 02‚ 2014‚ from investopedia: http://www.investopedia.com/terms/g/gross_profit_margin.asp Heath‚ J IFRS and US GAAP: similarities and differences. (n.d.). Retrieved April 12‚ 2014‚ from PW: http://www.pwc.com/us/en/issues/ifrs-reporting/publications/ifrs-and-us-gaap-similarities-and-differences.jhtml Jackson‚ S LIQUIDITY RATIOS. (n.d.). Retrieved April 12‚ 2014‚ from .midcapcpas: http://www.midcapcpas.com/liquidity_ratio.htm Peavler‚ R Post‚ J. E. (2002). Redefining the Corporation:
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Likewise adherence to the law‚ and legal knowledge is vital to HR. This knowledge in combination with the advisory role that HR plays in any organization is crucial. It can save the organization of millions of dollars arising from workplace violation‚ potential lawsuits and negative publicity. Numerous Supreme Court cases that influence HRM practices are presented‚ including: (a) Griggs v. Duke Power (1971) (b) McDonnell Douglas v. Green (1973) (c) Diaz v. Pan Am World Airways (1971) (d)
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Role of Value & Ethics in Business * Alka Chaudhary ABSTRACT Ethics and Values are very important in every aspect of business because the deepening value crisis in the contemporary Indian society is casting its evil shadow in all walks of life .Despite India having an ancient culture and philosophy about work life‚ most of the Indian managers still believes in improving management styles
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Business Ethics Article Review XMGT 216 University of Phoenix Abstract This paper is written to provide a summary and overview of two articles that have been selected from two different countries‚ Brazil‚ South America; and Germany‚ Europe. The primary ethical perspectives of the countries will be discussed as they were in the article‚ along with how the article contributes to understanding global ethical perspectives. It will conclude with how each countries business ethics differ from
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