triggered by an event: risk is 100% Risk - possible event that can cause loss Vulnerability - weakness in a target that can potentially be exploited by a threat security Privacy - groups & individuals have the right to determine to what extent‚ how‚ to whom‚ when their information is disclosed Data mining - searching & analyzing masses of data to find patterns & develop new information or knowledge Computer profiling - analyzing data in computer files to determine characteristics of people
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Zhenzhen Xu BUSN290 Professor Craig Johnson Oct. 2‚ 2013 In chapter 1‚ I get to know five widely used ethical methods that are Utilitarianism‚ Kant’s Categorical Imperative‚ Rawls’s Justice as Fairness‚ Confucianism and Altruism. I choose Utilitarianism to compare with Confucianism. Utilitarianism is what we should consider both short- and long-term consequences when we make some ethical choices. The goal of Utilitarianism is to expand profits as possible as they can. In other words‚ it is a
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2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company’s business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal
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International Financial Reporting Standards 1st Trimester – 2013/2014 Case 1 – BMW and Apple João Candeias – 152113189 Nuno Andrade – 152113187 Pedro Carvalho – 152113116 2) Compare
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1.0 Introductory part 1.1 Introduction: Financial statements are a structured representation of the financial position and financial performance of an entity. The objective of financial statements is to provide information about the financial position‚ financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions. Financial statements also show the results of the management’s stewardship of the resources entrusted to it. BRAC Bank is one
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Lecture 1 – Corporate Financial Reporting and Revision LECTURE OUTLINE Outline the nature and characteristics of companies Describe the sources of corporate financial reporting in Australia Identify which entities need to prepare financial reports that comply with accounting standards Account for share issues and dividends Account for asset revaluations and asset impairment Nature of Companies Type of organization established under the cooperation’s act 2001 Legal capacity and powers
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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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EM6602 Accounting for Decision-Making and Control Microsoft’s Financial Reporting Strategy (HBR 9-100-027) Team Members Toh Wei Hong‚ Prashant Trivedi‚ Preethy Varadarajan Question 1 The difference between Microsoft’s market value and book value is primarily due to unrecorded intangible assets such as brand value‚ customer loyalty‚ human capital‚ and commercial advantages such as long-term contracts and market dominance. These intangible assets confer Microsoft a tremendous edge over its
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Social responsibilities The company is reporting continued progress around the world in its social responsibility efforts is McDonald’s. Social responsibility is not a program that begins and ends. Acting responsibility has always been a part of who we are and will continue to be the way McDonald’s does business. McDonald’s must doing on important issues for communities‚ workplace‚ supply chain and the environment‚” stated Bob Langert‚ Senior Director of Social Responsibility. “Including the launch
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Financial and Ethical Reporting In the health care environment financial and ethical reporting is very important to produce successful organizations. As health care providers evolve within a facility‚ it is crucial to understand effective financial management strategies. Comprehending this can eliminate the consequences of fraud and illegal accusations. This paper will illustrate two articles that address financial reporting practices containing ethical standards in health care finance. It will
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