ACCG 399 Reflection Learning Log Lecture 1 Financial Accounting is highlighted in the lecture. There are two key points of financial accounting. Firstly‚ financial accounting is a process involving the collection and processing of financial information to meet the decision-making needs of parties external to an orgnisation. The other one is related to laws and accounting standards‚ external reporting‚ financial statements‚ values and material‚ independent audit opinion‚ overview general purpose
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Agency Costs and Financial Decision-Making The Concept An agency relationship is a contract under which one or more persons (the principal(s)) engage another person (the agent) to perform some service on their behalf which involves delegating some decision making authority to the agent. If both parties to the relationship are utility maximizers and they may have divergent goals and objectives‚ and there is good reason to believe that the agent will not always act in the best interests of the
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Tryouts Describe Your Significant Event When I was 12 years old‚ I tried-out and was selected from over 300 kids ages 11-13; to play on the Junior Naval Academy baseball team from Annapolis Maryland. I played with this team for two seasons and have told friends and family many stories from my memories about this time. Why Some Memories Could More or Less Accurate My long-term memory of this first tryout has been stored in good detail in my episodic memory to be recalled any time I have cause
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According to Brock (1991)‚ surrogate decision making refers to a substituted judgment when a patient is incompetent in decision making and has not given any advance directive regarding his treatment. In such cases‚ surrogate decision making plays a key role. Traditionally‚ people rely on family members or close relatives to make proxy decisions. Most health care professionals choose between spouse‚ husband‚ father‚ mother‚ adult children of the patient to make the decision for him. But‚ as Brock (1991)
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What are the four most important financial statements? Briefly describe each Much success in today’s business world is tied in with numbers in the form of accounting and financial statements. Being able to understand and properly read these statements is a critical component in truly knowing a business and properly assessing its overall financial performance. Financial reporting is the issuance of written documents in the form of the financial statements by the companies to the shareholders
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There are many different moments that define someone’s life. The most significant moment might happen when you are 2 years old‚ or maybe when you are 70. I personally think this moment has yet to surface in my life. With that being said‚ the most salient moment in my life so far would have to be when I decided to sign up for the football team. One day I was relaxing at home after school when I heard about the weight training program the high school offered for football players. My friend encouraged
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Article Review – Decision Making: It’s not what you think 1. Briefly summarize the article. What is the main point or key concept in the article and how do you think it affects you as a current or future employee? The articles I read were Primal Leadership‚ Becoming the Boss and Decision Making: It’s not what you think. I decided to review the article Decision Making: It’s not what you think. The article discusses three models of decision making in “thinking first”‚ “seeing first” and “doing
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Introduction Consumer decision making process is a list of steps that are carried out by consumers concerning to a potential market transaction‚ before‚ during and after the purchase of a product or service. The process includes identifying the problem‚ collecting information‚ evaluating the alternatives‚ making the purchase decision and evaluating post purchase. Generally‚ decision making is the cognitive process of selecting a course of action from among multiple options. As a consumer‚ I find
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Define Ethics in your own words: Ethics: Personally‚ Ethics main two things: Firstly‚ ethics mains establishing right or wrong standards which dictate what humans ought to do‚ usually in terms of rights‚ obligations‚ benefits to society‚ fairness‚ or specific virtues. Once these standards are set‚ one should refrain from anything that is unacceptable in a society such as rape‚ stealing‚ murder‚ assault‚ slander‚ and fraud. On the other hand‚ Ethics can be a set of standards that are acceptable
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that has the same number of O atoms as 12.4 g C6 H12O6 b) Br2 in a sample consisting of 2.17 ×1024 Br atoms c) N atoms in 43.5 g of Mg(NO3 ) 2 d) Br2 in a sample consisting of 2.65 L liquid bromine (d = 3.10 g/mL) 3) Explain which of the following statement(s) is (are) correct for sorbic acid‚ C6H8O2. a) it has a C:H:O mass ratio of 3:4:1. b) it has the same mass % composition as acrolein‚ C3H4O. c) it has the same empirical formula as aspidinol‚ C12H16O4. d) it has four times as many
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