INDIAN ACCOUNTING STANDARDS - A PERSPECTIVE The paradigm shift in the economic environment in India during last few years has led to increasing attention being devoted to accounting standards as a means towards ensuring potent and transparent financial reporting by corporate. Further‚ cross-border raising of huge amount of capital has also generated considerable interest in the generally accepted accounting principles in advanced countries such as USA. Initiatives taken by International Organisation
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professional practice includes: overarching principles that express our values‚ and standards that guide our conduct. PRINCIPLES IMA’s overarching ethical principles include: Honesty‚ Fairness‚ Objectivity‚ and Responsibility. Members shall act in accordance with these principles and shall encourage others within their organizations to adhere to them. STANDARDS A member’s failure to comply with the following standards may result in disciplinary action. I. COMPETENCE Each member has a responsibility
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\ The Standard Oil Trust Standard Oil Trust John D. Rockefeller was born on July 8‚ 1839 in New York. He was among one of the richest people in the world. He formed the Standard Oil Trust in 1863‚ by 1868 the company had been established in Ohio‚ at that time it was one of the largest oil refineries in the world. The Standard Oil Company grew to dominate the oil industry and became one of the first
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done. When we drive down the road and see an accident‚ our natural instinct – as macabre as it may be- is to take a peek at the carnage. The average person will see the accident‚ stare perhaps for a couple more seconds then they should‚ and then continue on with their lives. When we see an accident on the side of the road‚ we may be exposing ourselves to sights or sounds that we would rather not see or hear. When we go on the internet‚ we may run into websites that contain content that we find abhorrent
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law about standard working hours as employers may use non-paid overtime as a means to minimize the labor cost in order to offset the increase of labor costs caused by the minimum wage. First of all‚ we would like to talk about the definition of setting a standard working hour. The idea is to set a standard working hour per week. If employees’ working hours are longer than the standard one‚ employers have to pay additional bonus for the extra working hours. Reason for having standard working hours
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• Case 1-3 Politicalization of Accounting Standards Some accountants have said that politicalization in the development and acceptance of generally accepted accounting principles (i.e.‚ standard setting) is taking place. Some use the term politicalization in a narrow sense to mean the infl uence by governmental agencies‚ particularly the SEC‚ on the development of generally accepted accounting principles. Others use it more broadly to mean the compromising that takes place in bodies responsible
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who are overly sexual or dress in form fitting clothes or lack thereof are automatically stereotyped as the promiscuous type. Why the double standard? I don’t agree at all with displaying private sexual acts to the general public to gain fame and wealth and in by doing such corrupting children
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not meet these outrageous standards‚ they are considered to be less than perfect. One of the reasons these standards of beauty are impossible to obtain is because the concept of beauty is constantly changing. For women‚ some of the standards have included a curvy figure like Marilyn Monroe‚ an athletic‚ strong body as an ideal body type to have‚ the twiggy model figure and now the ideal is a large butt combined with a small waist. Because of these unrealistic standards and the pressure to look a
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history have body image standards had such an enormous impact on society. With today’s mass media people can be subjected to thousands of images and messages daily‚ portraying the "ideal" body image. The people most often portrayed and effected by these messages are young women. Females can feel constant pressure to live up to these ideals which are most often unattainable. This pressure can cause detrimental physical and mental states. To fully understand this problem we must first ask ourselves
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Ethical Standards and Codes Stephenie Carter‚ Sundee Johnson‚ Saroja Nimmagadda‚ Selma Pasagic University of Phoenix Ethical Standards and Codes Ethics to some is an intuition of what is right or wrong‚ and to others it is right or wrong defined by laws‚ rules‚ codes‚ or culture standards. Ethical standards and codes are essential in the professional world‚ especially in a clinical setting. Ethics guide reactions and interactions from which ethical decisions are made. The purpose of this
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