INTERNATIONAL FINANCIAL REPORTING STANDARDS(IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries. They are progressively replacing the many different national accounting standards. The rules to be followed by accountants to maintain books
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Legal factors Legal factors are those that impact businesses in a legal way. The legal factors would be ranked and analysed. They include: providing a framework for businesses‚ consumer protection and employment law‚ ensuring fair and honest trading. PROVIDING FRAMEWORK FOR BUSINESSES This law is very important because it gives businesses legal protection and also gives them some degree of certainty as to what the business has to gain and loss in extreme cases such as business bankruptcy
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Legal Issue: Respecting the privacy of user posted information Likelihood: Moderate Impact: High Ease of fix: Moderate Description Implementing communication methods such as video or instant messaging presents several legal implications and there are various areas to consider when looking at the legalities of communication methods. Some of the main aspects to take in to consideration involve respecting the privacy of user posted information and be aware of not disclosing personal or confidential
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Today most people rise to recognize Detroit as a vacant metropolitan city with countless empty houses and buildings that have given the surge to the suburbs of America. Detroit is heart of the U.S. auto industry and home to the Detroit Tigers‚ the Red Wings‚ Eminem‚ The White Stripes‚ and even Motown. The Motor City once boasted one of the nation’s highest median family incomes‚ thanks to well-paying jobs connected to the assembly lines of the city. Today however‚ the 313 has experienced major population
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Reporting Practices and Ethics Paper Jackie Melendez HCS/405 Aug 1st‚ 2011 Donna Nanovski Reporting Practices and Ethics Paper Managers who are managing health care organizations must be attentive to the accounting practices and must obey and practice the financial management procedures to be able to solve any issues if any should arise. With the continuation of the high costs of health care managers as well as consumers must know how to budget carefully. According to All Business
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When most people think of marijuana‚ they imagine a teenager down in his basement getting high while his friends play video games. What people do not know is that the teenager had just got back from chemotherapy and found that smoking marijuana was the only way to stop himself from feeling nauseous. When people hear stories like this they do not know what to think about medical marijuana. It is therefore very important to look in depth at the effects and potential uses for this trending medicine
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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Indeed‚ accountancy profession is a profession that encompasses other profession and that is why accounting has usually been thought of as highly technical field that can only be understood by the professionals (chartered accountants). Also‚ it has often been called ‘the language of business. Even‚ people in the business world owners‚ managers‚ banks‚ stockbrokers‚ investors‚ human resource managers‚ lawyers‚ to mention a few all uses
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LEGAL WRITING 201 30 SUGGESTIONS TO IMPROVE READABILITY OR HOW TO WRITE FOR JUDGES‚ NOT LIKE JUDGES JUDGE MARK P. PAINTER OHIO FIRST DISTRICT COURT OF APPEALS Legal Writing 201 JUDGE MARK P. PAINTER OHIO FIRST DISTRICT COURT OF APPEALS TAFT LAW CENTER 230 EAST NINTH STREET CINCINNATI‚ OHIO 45202 513-946-3444 – FAX 946-3411 mpainter@cms.hamilton-co.org www.judgepainter.org ........................................................... Introduction to Legal Writing ...............
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generally agree that paralegals may not: a. Give legal advice; e. Plan strategy; f. Make legal decisions; or g. Chart directions of a case The National Association of Legal Assistant (NALA) Code of Ethics and Professional Responsibility: Canon 3: A legal assistant must not (a) engage in‚ encourage‚ or contribute to any act which could constitute the unauthorized practice of law; and (b) establish attorney-client relationships‚ set fees‚ give legal opinions or advice or represent a client before
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FRAMEWORK FOR FINANCIAL REPORTING SCOPE OF THE FRAMEWORK The existing framework deals with the ■ Objectives of financial statements; ■ Qualitative characteristics of financial statements; ■ Elements of financial statements; ■ Underlying Assumptions; ■ Recognition of the elements of financial statements; ■ Measurement of the elements of financial statements; and ■ Concepts of capital and capital maintenance OBJECTIVES The objective of general purpose financial reporting. The objective is
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