Role and Function of Law Law/ 421 January 11‚ 2013 Professor Gary Matano The law plays an important role in business and society. The law imposes rules and regulation that carry out the moral standards of business and society. The laws help maintain the policies and ethical conduct of individuals‚ groups‚ and corporations run smoothly. In business law can build goodwill between merchants and consumers. This should be considered in commercial
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What is Accounting Ethics? The term accounting ethics are formed by the combination of two different words‚ namely accounting and ethics. Fortes‚ (2011) believes that ‘accounting is the collection‚ measurement‚ analysis and reporting of events in financial terms.’ While Karthik‚ (2010) believes that ‘ethics in its broader sense‚ deals with human conduct in relation to what is morally good and bad‚ right and wrong. It is the application of values to decision-making. These values include
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Enron Questionable Transactions Question 1 The question which segment of its operations got Enron into difficulties is simple to answer‚ everything. Almost every all segments of their operation were improper. First of all‚ they practice unethical and dishonest practices which victimized workers‚ consumers‚ taxpayers and stockholders. Enron created partnerships within their own organization which led to them creating new financial instruments‚ called SPE’s (special purpose entities) which was
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income your business is generating and how it’s being spent on things like overheads and products etc. You can then create a profit and loss balance sheet‚ this is important so that your financial advisor can then tell you what is going good or what is going bad and from that he can direct you on what to do. If a business doesn’t keep it right with the bill then they cou8ld end up in trouble with the HM Revenue and customs (HMRC). If the business doesn’t record the cash transactions correctly then
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don’t understand why anyone pays any attention to accounting earnings numbers‚ given that a ‘clean’ number like cash from operations is readily available.” Do you agree? Why or why not? I disagree with the finance student‚ because net income forecasts future cash flow and is informative. a. Net income forecasts future cash flow better than current cash flow‚ and does so by recording transactions associated with cash consequences when the transactions occur‚ rather than when the cash is received or
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What is strategic management accounting (SMA) Discuss the conceptual framework of strategic management accounting (SMA) Roslender & Hart‚ 2003 SMA is best understood as a generic approach to accounting for strategic positioning. It is defined by an attempt to integrate insights from management accounting and marketing management within a strategic management framework. To date‚ the attribute costing technique has been the most compelling development within SMA. Its focus on costing the benefits
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Ethical Issues in Business and Accounting Barbi Hammond October 31‚ 2010 Ethical Issues in Business and Accounting The business and accounting worlds are full of ethical dilemmas and scandals. The works of great philosophers of the past can be directly applied to current situations in today’s business and accounting ethical situations. David Hume is one of the philosophers whose works could be applied to the business world today. David Hume was a Scottish philosopher. Hume introduced the
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Kuta Software - Infinite Algebra 2 Name___________________________________ Writing Equations of Circles Date________________ Period____ Use the information provided to write the standard form equation of each circle. 1) 8 x + x 2 − 2 y = 64 − y 2 2) 137 + 6 y = − y 2 − x 2 − 24 x 3) x 2 + y 2 + 14 x − 12 y + 4 = 0 4) y 2 + 2 x + x 2 = 24 y − 120 5) x 2 + 2 x + y 2 = 55 + 10 y 6) 8 x + 32 y + y 2 = −263 − x 2 7) Center: (−11‚ −8) Radius: 4 8) Center: (−6‚ −15) Radius: 5 9) ( x − 16) 2
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Prefixes and Equations 1mL = -1x10 3 L = 0.001L 1 kilometers (1km) = 1000m (1x103 m) 1 kilometer (1KL) = 1000L (1x10 3 L) Prefixes Symbol Numerical Value Scientific Notation Equality Kilo | K | 1000 | 103 | 1km = 1x103m 1m = 1x10-3Km | Mega | M | 1 000 000 | 106 | 1Mg = 1x106g1g = 1x10-6Mg | Giga | G | 1 000 000 000 | 109 | 1Gm = 1x109m1m = 1x10-9Gm | Tera | T | 1 000 000 000 000 | 1012 | 1Ts = 1x1012s1s = 1x10-12Ts | Deci | d | 0.1 | 10-1 | 1dL = 1x10-1L1L = 1x101dL (10dL) | *These
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What are the major regulatory bodies and their functions? IRS (Internal Revenue Service): It is the oldest in the United States regulatory body also called the internal revenue service or IRS. The main goal of IRS is to manage and implement the internal revenue law. Their responsibility is to help individuals to understand their tax obligations as well as to tax collection. SEC (Security and Exchange Commission): SEC also called the Securities and Exchange Commission. Their main objective is
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