FINANCIAL ACCOUNTING III – ACCT 3018 ASSIGNMENT 1 DUE : TOTAL MARKS = 50 QUESTION 1 Marks=10 Listed below are items that are treated differently for accounting purposes than they are for tax purposes. Indicate whether the items are permanent differences OR temporary differences. For temporary differences‚ indicate whether they will create future tax assets or future tax liabilities 1. Advance rental receipts Temporary difference‚ deferred tax asset 2. Membership costs in a health
Premium Pension Tax
Topic:Responsibility Accounting and Cost Control. Subject: Management control systems Index: |Sr.No |Topic |Page No | |1 |Meaning of Responsibility Accounting |3 | |2 |Steps involved in Responsibility Accounting
Premium Management Cost accounting Cost
Ethics‚ Accounting and Business Decisions In the article "Business and Accounting Ethics" written by Dr. K. T. Smith and Dr. L. Murphy Smith‚ the authors affirm the need for ethics and decision-making in accounting due to recent unfavorable business practices. They stress the importance of maintaining and implementing regulations for professional conduct for public and private accountants. In addition‚ they raised question‚ "What is my highest aspiration? The answer might be wealth‚ fame‚ knowledge
Premium Business ethics Ethics Enron
Cases for Management Decision Making CA-1  suggested uses of cases Case CASE 1 Greetings Inc.: Job Order Costing CASE 2 Greetings Inc.: Activity-Based Costing CASE 3 Greetings Inc.: Transfer Pricing Issues CASE 4 Greetings Inc.: Capital Budgeting CASE 5 Auburn Circular Club Pro Rodeo Roundup CASE 6 Sweats Galore CASE 7 Armstrong Helmet Company Overview This case is the first in a series of four cases that presents a business situation in which a traditional retailer decides
Premium Costs Variable cost Cost
Financial Information and Decision Making. UMACST-20-2 JAN09115515 2013-04-21 Question 1: To: Directors of Ace Suppliers Limited From: Financial Information and Decision Making Student Date: 30/05/2013 Subject: Sources of Finance. Purpose: Ace Supplies Limited is a fairly new company which was created by friends who have no previous experience in running their own company; therefore they have to be very scrupulous when choosing the most relevant source of finance for this
Premium Finance Economics Investment
OBLIGATIONS From latin words‚ obligatio/obligare – “to tie” or “to bind” Juridical necessity – enforceable to courts 1) CIVIL (positive) and Natural 2) REQUISITES OF OBLIGATION a) Active – creditor / obligee – has the right b) Passive – debtor / obligor – has the duty c) Prestation – object / subject matter c.i) Obligation to give (Real Obligation) (c.i.1) Determinate Thing – res perit domino – thing perishes with the owner (c.i.1.a) Standard care – diligence of a good father / if the
Free Law
An individual’s personal‚ organizational‚ and cultural values are the foundation of their personal and professional decision-making cycle. These values form the core of that individual’s moral fabric‚ and his actions and decisions are predicated on those beliefs. Shalom H. Schwartz defined values as "conceptions of the desirable that guide the way social actors (e.g. organizational leaders‚ policy-makers‚ individual persons) select actions‚ evaluate people and events‚ and explain their actions and
Premium Decision making United States Army
Identify the possible heuristics and/or biases that may have influenced your co-worker ’s opinion. There are three items I see that may have influenced the other senior manager ’s opinion: 1) The candidate is female 2) The candidate is Hispanic 3) The candidate has been working at a competitor The representativeness heuristic may be applicable for item one and two. Perhaps the senior manager has a personal judgment (bias) toward a Hispanic woman ’s ’ ability to be successful as a marketing
Premium Critical thinking Decision theory Cognition
and societal values can influence ethical decision-making) Nurses may be faced with ethical conflicts. As nurses we must examine our own beliefs and feelings regarding ethical issues and not impose our own values on any patient or caregiver. At the same time‚ it is our duty to also support appropriate behavior and to protect our patients from harm. Ethical issues involve the good and bad of moral duty and moral obligations. Nursing can be considered an ethical enterprise since it often involves
Premium Morality Ethics Virtue
Q1 Decision making (decision from Latin decidere "to decide‚ determine‚" literally "to cut off‚" from de- "off" and caedere "to cut") can be regarded as the mental processes (cognitive process) resulting in the selection of a course of action among several alternative scenarios. Every decision making process produces a final choice.[1] The output can be an action or an opinion of choice. * | Decision making stages Developed by B. Aubrey Fisher‚ there are four stages that should be involved in
Premium Decision theory Information systems Knowledge management