Abstract: The report below is based on my own best practice for the assignment task and have Provide a summary of the purpose of Corporate Sustainability Reporting‚ and have also provide a summary about the two theories stakeholder theory and legitimacy theory including the annual reporting about the company ’s Toyota motor corporation and BHP Billiton and the comparison that how they have address the economic social environmental aspect of the companies in their report 2011. And has finalise by
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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 B. How is the IASB made up IASB is originally made up of 14 members from different countries with experience covering wide areas of accounting and business.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 quality‚ understandable and enforceable global accounting standards
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No.6 (Serial No.61) Journal of Modern Accounting and Auditing‚ ISSN 1548-6583‚ USA Fair value accounting under financial crisis HE Cai-xia1‚ ZHANG Chi2 (1. School of Accounting‚ Zhongnan University of Economics and Law‚ Wuhan 430073‚ China; 2. School of Management‚ Huazhong University of Science and Technology‚ Wuhan 430073‚ China) Abstract: The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA). This debate presents a major challenge
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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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What are the major limitations of Financial Accounting? Explain with the help of Examples. What are the alternatives to overcome these limitations? Financial accounting can be defined as reporting of the financial position and performance of a firm through financial statements issued to the external users on a periodic basis. It is a field of finance that treats money as a means of measuring economic performance instead of treating it as a factor of production. It encompasses the entire system
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Design Your Own Healthcare Organization The design of an organization is a “formal‚ guided process for integrating the people‚ information‚ and technology of an organization” (Glickman et al.‚ 2007). A good organizational design increases the likelihood that an organization will succeed; that its’ values will be realized and its mission will be attained. An organization begins with a strategy or a purpose‚ is followed by its philosophy or values‚ then identifies the mission and
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Importance of Financial Accounting Introduction According to Weygandt‚ Kieso and Kimmel (2012)‚ financial accounting is identifying‚ recording and communicating the economic events of an organization to‚ mainly‚ external users. Through financial accounting‚ some financial reports will be generated. Four financial statements are frequently used to report and analyze the financial status of companies and they are Income statement‚ Retained Earning Statement‚ Statement of Financial Position and
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opening a branch of a food distribution operation in a foreign country‚ and a local official suggests that a little cash would help your company get started. Research international business and ethical standards‚ and answer the following questions: Q 1. In what ways can culture affect ethical standards and shape business behavior? A. In a way that some countries ethics are much stricter than our good ole USA ethics. In turn I could also state the opposite of our ethics can be tighter than some
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Hicks 01/26/2010 Module 1 Health Policymaking in the U.S. by Longest Chapter 1 Discussion Questions 1. Define health. What are the determinants of health in humans? Health is defined as the “state of complete mental‚ physical‚ and social well-being that is necessary to live a meaniful and productive life. Health determinants are the physical‚ behavior along with biological‚ social factors that affects a person’s health. 2. Define public policies and health policies. Public policies is
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Practice Ethical Behavior * The Institute of Management Accountants lists the principle of ethical behavior as the "...obligation to the public‚ their profession‚ the organization they serve‚ and themselves‚ to maintain the highest standards of ethical conduct" that include competence‚ confidentiality‚ integrity and objectivity. Don’t Risk Without Significant Return * Risking profits for poorly designed projects violates a basic principle of financial management. The capital market theory
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