personnel policies of the company shall contain provisions protecting it from unfair termination and other unfair prejudicial employment practice. There is absolutely no room for unethical behaviour in the professional world. This statement is exceptionally important for publicly traded companies and their accounting practices. From financial officers to accountants to auditors‚ and so on‚ there is no greater impact on stakeholders when these persons perform unethically. Reasons for Behaving Unethically
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is provided for general guidance only and on the understanding that it does not represent‚ and is not intended to be‚ advice. Whilst care has been taken in its preparation‚ it should not be used as a substitute for consultation with professional accounting‚ tax‚ legal or other advisors. Before making any decision or taking any action‚ you should consult with an appropriate specialist or professional. No warranty is given to the correctness of the information contained in this document‚ or its suitability
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Animal testing is an unethical and cruel act towards animals‚ but sadly it is done all over the world. I strongly disagree that animals should be used for testing and experimenting that cause them harm. This type of act should be banned and made illegal‚ especially in the US. There are so many reasons it should be banned such as the fact that it is unethical‚ there are other testing option‚ and that it is a costly way of gathering test result. Testing animals is such a cruel thing that I don’t
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(January–April): 1–22. Bannister‚ J. W.‚ and Newman‚ Harry A. 1996. Accrual usage to manage earnings towards financial forecasts Barnea‚ A.; Ronen‚ J.; and Sadan‚ S. 1975. The implementation of accounting objectives: An application to extraordinary items Beidlerman‚ C. R. 1973. Income smoothing: The role of management. Accounting Review 48 (October): 653–67. Boot‚ A. W. A.‚ and Thakor‚ A. V. 1993. Security design. Journal of Finance 48 (September): 1349–78. Boot‚ A. W. A.‚ and Thakor‚ A. V. 1997. Financial system
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gooda available for sale. -the consistency principle states that the busineses should use the same accounting methods from period to period. -under the FIFO‚ the ending inventory is based on the cost of the most recent purchases. -the value of purchases remains the same irrespective of the inventory valuation method used. -using FIFO‚ the COGS is based on the oldest purchases. -the accounting conservatism principle requires that financial statements should report LEAST favorable figures. -do
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society. Some people believe that scientists should be allowed to test new drugs‚ medicines‚ and treatments on animals‚ but this testing is completely uncalled for. Animal experimentation should be outlawed because it is unethical‚ unnecessary‚ and unreliable. Animal testing is unethical because animals have feelings‚ just like humans‚ but they are treated inhumanely in labs because there are not sufficient laws to control what can and cannot be done to animals used for experimentation. Research animals
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Define the ff: Behavior Organization Human Behavior Organizational Behavior Behavior - the response of an individual‚ group‚ or species to its environment. It also refers to the actions or reactions of an organism‚ usually in relation to its environment. Behavior can be conscious or unconscious‚ overt or covert‚ and voluntary or involuntary. It is the series of actions and mannerisms made by individuals‚ organisms‚systems‚ or artificial entities in conjunction with themselves or their environment
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Accounting: Topic 6: Analysis And Interpretation Of Financial Statements (Part 2) Capital Structure Analysis Proportion of debt financing relative to equity financing (=gearing or leverage) * Reflects the entity’s financing decisions * Investments in assets are funded externally by liabilities‚ or internally by owner’s as shown in accounting equation (A=L+OE) Debt to equity ratio: Total liabilities/ Total equity x 100=x% Debt ratio: Total liabilities/ Total asset x 100=x%
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Ethics and Legal Responsibility in Accounting The profession of accounting has become spotlighted by the events in recent years including namely Enron. The ethical behavior of businesses is becoming increasingly scrutinized at every turn. Thus it is important to specify the nature of conducting accurate and ethically in accounting and how this can be of subsequent benefit to the company as well as the business world in the long run. The definition of accounting according to Webster ’s dictionary
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Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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