To avoid conflict of interest Under both common and statutory law‚ a director should not place himself in a position where the interests of the company come into conflict with his personal interest. It is therefore important for you as a director to be familiar with the common circumstances where conflicting interests may arise. It is also necessary for you to be aware of disclosure requirements applicable if you should find yourself in any of these circumstances. To exercise care‚ skill and diligence
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develop with high economic growth‚ the government should provide high security (human security and national security) and accountability to public. If a country has rich natural resources‚ the government should endeavors on its responsibility for providing public services and security issue than lack of natural resources country due to the vulnerable effects of natural resources. In order to fulfill the security issues‚ the government needs to provide not only defense services and strong legislative
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Proprietary versus Contract Security Timothy W. Hall SEC/320 18 February 2013 Jeff Horn As an organization grows so must the security‚ and it has to be on the top of the list. When considering what type of security to choose‚ either proprietary or contact‚ they need to look at the value of the organization? This value within the organization will need some sort of protection to deter theft‚ vandalism‚ and destruction. The boardroom conversation could to from‚ “We have nice stuff” to
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Fine Foods - Accounting System Eric Raymond BSA/310 September 3‚ 2012 Dr. Marcia Reid Kudler Fine Foods - Accounting System The purpose of this paper is to describe the value of a new accounting system for Kudler Fine Foods. The author will cover the key features‚ core technology‚ benefits‚ and cost of the proposed system. In businesses today‚ it is imperative that the accounting system be tied into every aspect of a business and integrated within all of the information systems in use. Therefore
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I. Introduction The report provides basic knowledge about “safeguarding assets” and explain in what way MYOB can help Mark firm achieves the term. Following that the report will address internal & external threats associated with a small business for Mark – owner of Dive for Fun Pty Ltd – as well as giving suggested solutions for each threat. Moreover‚ recommendations will be made and thoroughly explained for Mark to prevent threats based on the firm current capacity. II. What is “Safeguarding
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Part A Why should a new partner contribute towards Goodwill on his admission? List any two contents of a partner ship deed? Can a company issue a share having face value of Rs 10 at Rs 8 Give two examples of ‘Capital receipts’. Give two circumstances in which sacrificing ratio may be applied (1) (1) (1). (1) (1) Show how you would deal with the following items in the final accounts of a club: (3) Debit credit Prize fund Prize fund Investments 1‚20‚000 Income from Prize fund Investments
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Components of A Computerized Accounting System A computerized accounting system has great potential to increase productivity‚ streamline workflow‚ reduce data redundancy and error reconciliation‚ and help with financial management for large and small businesses. There are many different accounting options to choose from‚ including Microsoft Money‚ Microsoft Dynamics‚ Oracle‚ QuickBooks‚ Sage‚ and Xero. Software vs. Web Based Choose between downloadable or installable software that lives on your
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Should the Government Provide Health Care? Health care here in America is a hot topic among the conversations around the water cooler. Between the slow economic recession we are all facing and the high cost of medical coverage‚ and more and more American’s are having to go without. Among working-age adults (those ages 18-64)‚ 19.8% did not have health insurance in 2006‚ an increase in the percent uninsured from 18.9% the year before. (CDC‚ 2007) Is there a health care crisis in America? Should
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The Accounting Cycle Accounting Cycle is an accounting process that involve a series of procedures in collection‚ processing‚ and communication of financial information. There are 7 basis steps of accounting cycle which comprise of source documents‚ prima entry‚ ledger‚ draft trial balances & financial statement‚ adjustments‚ adjusted trial balance & financial statement and closing entries. At first source documents‚ are things like invoice‚ credit note‚ debit note‚ cash bill
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Accounting Information Systems‚ 12e (Romney/Steinbart) Chapter 1 Accounting Information Systems: An Overview 1) Which of the following statements below shows the contrast between data and information? A) Data is the output of an AIS. B) Information is the primary output of an AIS. C) Data is more useful in decision-making than information. D) Data and information are the same. Answer: B Page Ref: 4 Objective: Learning Objective 1 Difficulty : Easy AACSB: Analytic 2) Information
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