is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong and should
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are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding fiscal reporting period." Percentage of sales method is a good way to see an estimate for bad
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← Abstract Faced with various issues of international accounting in cultural‚ economic‚ ethical and social level‚ after comparing US with China about the GAAP‚ analyzing the differences and difficulties in global accounting standard‚ it’s necessary to separate different accounting standards because of the diversification in different countries‚ it shows that accountancy professions play an important role in capital market‚ which can provide useful‚ relevant and reliable information to interested
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Waste and Energy Paper ENV/100 2013 Source of Paper‚ Mercury‚ & and Coal To begin‚ Paper products are the largest causes of fossil fuels in the world. Almost everything humans use on a daily basis contains some sort of paper product‚ whether its cereal boxes‚ parking tickets‚ toilet paper‚ shopping bags‚ store receipts‚ food containers were all created by timber. The problem is by cutting down the timber to make these everyday products that greenhouse gas emissions are being released in
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Abstract Wireless technology can now be seen almost everywhere. This technology has recently become very popular‚ and with the convenience that comes with its use‚ it will probably be the most commonly used technology among computer networks in the near future. Unfortunately‚ new technology is always under fire when it comes to security‚ which is a topic that has now become more imperative and indispensable when dealing with transferring and storing sensitive computer information. The realm of wireless
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working as a waste picker or cartonero which barely get them enough money to survive. According to the Argentinean’s Government website today‚ there are about 6400 official cartoneros in Buenos Aires‚ out of which most of them live below the poverty line. The cartoneros usually roam around various neighbourhoods picking up materials from the garbage such as plastic‚ cardboards and similar materials that can by then be sold to recycling factories. The group working alongside with the Waste for Life organization
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University of Michigan Why Do Firms Smooth Earnings?* I. Introduction Corporate earnings management has been much in the news lately. For example‚ Business Week has recently run two cover stories‚ one titled “Who Can You Trust?” (October 5‚ 1998) and the other titled “The Numbers Game” (May 14‚ 2001)‚ that suggest that the credibility of earnings reports is being eroded by earnings management. Arthur Levitt‚ Jr.‚ chairman of the Securities and Exchange Commission (SEC)‚ commented in 1998:
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An accounting estimate can be defines as an adjustment of the carrying amount of an asset or a liability or the amount of the periodic consumption of an asset that results from the assessment of the present status and the expected future benefit and obligation associated with assets and liabilities.(IASB) An example of an accounting estimate is company A making a 5% provision for bad debts on credit sales. This is because company A can’t know how much of its receivables that they won’t be able to
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Independent University‚ Bangladesh (IUB) In Partial Fulfilment of the Requirements of EMBA Course-513E Management Accounting By Mohammed Shamsuddin Student ID: 1110805 Summer Semester‚ 2012‚ Management Accounting‚ EMBA INDEPENDENT UNIVERSITY‚BANGLADESH July 26‚ 2012 Dr.Dilip kumar Sen Professor School
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Department of Accounting Detailed Syllabus of Third Year Four-Year B.B.A. (Honours) Course Effective from the Session: 2009–2010 National University Syllabus for 4 years BBA Honours Course Subject : Accounting Third Year (Honours) Third Year: 32 Credit Hours Course Code COURSE TITLE Marks Credit Hours Audit and Assurance 100 4 Advanced Accounting-I 100 4 Cost Accounting 100 4 Management Accounting (in English)
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