It has been said that many organizations today find themselves DATA RICH → INFORMATION POOR → KNOWLEDGE STARVED It can be said today that many businesses are “data rich”‚ meaning that they have more raw data than they know what to do with. Most data rich businesses also find themselves “information poor”‚ meaning that they are not getting any useful information or value from their data. This in turn leads to organization’s becoming “knowledge starved”. In today’s competitive business environment
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Chapter 5 Reporting and Disclosure Discussion Questions 1. Transparent financial reporting means that timely and accurate disclosures are made on all important matters affecting a company’s financial position and performance. It implies openness‚ communication‚ and accountability. Transparent financial reporting protects investors because nothing is hidden from them. Investors can better assess the risks of owning securities when information is truthful and complete. Transparent financial
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Southwest Airlines‚ along with other commercial airlines‚ collect data on their performance and using statistics convert the raw data into useful information. One example of data collected by Southwest is the on time arrivals. The on time arrival category is then further broken down to the time the plane departs the gate‚ takes off‚ lands‚ and arrives at the gate. This additional data can help Southwest determine where time was lost resulting in a flight not arriving on time. In addition‚ Southwest
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Introduction This research is aim at examining the importance of financial reporting disclosures; as an element of the International Financial Reporting Standards Reporting (IFRS) in small‚ medium and large companies but before this can be done it is important that some key issues be understood or made simpler from the above topic. According to investopedia International Financial Reporting Standards (IFRS) it is a set of international accounting standards stating how particular types of transactions
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Confidentiality is the protection of personal information. Confidentiality means keeping a client’s information between you and the patient‚ and not telling others including friends and family. (Learning‚ n.d.). For example‚ the information about a child suffering from Cystic Fibrosis should not be disclosed to anyone other than the child and his/her parents. Confidentiality involves restricting patient’s information and not disclosing personal data of patients indiscriminately. For example‚ telling
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Case Assignment Module 1 Each company has an information system that uses data‚ knowledge‚ and information in order to make operations more effective. Although this system may vary‚ each company records some type of data‚ analyses it‚ and uses the feedback to make decisions or changes through tout the company. This is having an information system within the company. Throughout this essay‚ information systems will be discussed and applied to information theory. To begin‚ it is important to understand
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wellbeing of children and young people. Outcome 1 – Understand the main legislation‚ guidelines‚ policies and procedures for safeguarding children and young people. The safe guarding of children has only been developed in the last 50 years. However it is a vital part of working with children. The legislations‚ guidelines and policies for safeguarding are updated all the time for the best interest of the children. The current legislations are as follows; * The Children Act 1989 – this act shows the
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TASK 1 [A] : Outline the current legislation covering home based childcare‚ and the role of regulatory bodies. CURRENT LEGISLATION : ◆ Children Act [2004] : The green paper produces a name is "Every Child Matters" It lists five outcomes which were identified in consultation with children and young people : Being Healthy : Having good physical and mental health‚ And enjoying healthy Life Style. Stay Safe : Being protected from harm and neglect Enjoying
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Topic 4 Japanese culture factors influenced the disclosure of financial information Introduction Japan is an unique oriental country in many aspects‚ especially in politics and economy‚ both western practices and traditional nationalism are coexisted in this country. The period 1890-1940 was just followed the Meiji restoration‚ and was typical in the history of Japan‚ at that time‚ Japan was on the way from a feudal country to a capitalistic country‚ called modernization. Many western practices
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Data Protection Act- 8 principles Founded in 1998 Personal data must be: 1. Processed fairly and lawfully. 2. Processed only for one or more specified and lawful purpose. 3. Adequate‚ relevant and not excessive for those purposes. 4. Accurate and kept up to date - data subjects have the right to have inaccurate personal data corrected or destroyed if the personal information is inaccurate to any matter of fact. 5. Kept for no longer than is necessary for the purposes it is being processed.
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