ACC 3401 Audit and Professional Ethics │LECTURE 1│ Concepts of Auditing Learning Objectives After the lecture‚ students should be able to: describe the nature‚ purpose and scope of an audit; describe various basic principles and concepts of auditing and explain their importance in the actual audit procedures; and describe the professional framework within which auditors must operate. 1. Accounting vs. Auditing Accounting - the process of recording‚ classifying‚ summarizing and
Premium Auditing Audit External auditor
our lives and one that we cannot control. Instead the weather often controls how and where we live‚ what we do‚ what we wear and what we eat. Someone who studies the weather is called a meteorologist. Weather predictions are made by forecasters who you see on television. DIFFERENCE BETWEEN WEATHER AND CLIMATE Weather is the day-to-day conditions of a particular place. Climate is often spoken about at the same time as weather‚ but it is something quite different. The climate is the common‚ average
Premium Water Fog Weather
Chapter 1 Preliminary concepts Concepts Overview The important concepts discussed in Chapter 1 were: 1.1 The main objective underlying corporate financial decisions is to maximise the value of the company‚ which in turn maximises shareholder wealth. This involves the optimal use of scarce resources. Fisher’s Separation theorem formally links the concepts covered in the chapter to provide a single decision rule for a firm’s investment decisions. This decision rule is that management’s role
Premium Net present value Investment Corporate finance
Explain the concept of socialization and how useful is it in understanding human behavior? Socialization is the process in which an individual learns the way of life of his/her society‚ learn the trick of the trade and develops the capacity and the potential to function both as an individual and as a member of the society by internalizing the culture in which the society is based on. Socialization is a life-long process occurring at all stages in life starting from the day the individual is born
Premium Sociology
Explain the concept of personal constructs. What is a personal construct? How are personal constructs related to social perspectives? What is the relationship between personal constructs and behavior? Compose your response in a single‚ 200- to 300- word post. Eddington said‚ "Science is the attempt to set in order the facts of experience." George Kelly utilized this idea. He inferred that psychology as a science was an attempt to set in order the facts of human experience so that the
Premium
Absenteeism is when employees fail to report to work when they are scheduled. Absenteeism can be costly and huge disruption for the employer. It is hard for any organisation to achieve its objectives if the staff fails to report to work. It can result in quality of the output and in some cases it can bring a complete closure for production. The definition of absenteeism‚ its causes‚ its affects on productivity and its costs in term of finances and administrative effectiveness are quite clear‚ the
Premium Motivation
Reasons Why You Should Learn English “If you talk to a man in a language he understands‚ that goes to his head. If you talk to him in his own language‚ that goes to his heart.”- Nelson Mandela. There are numerous benefits to learn English as a foreign language but in this article I will try to explain only three reasons that why you should learn English as a second language. As we know languages are most important part of communications and especially these days communication
Premium English language Second language United States
Elements and compounds are a result of the actions of the valence electrons. There are three types of bonds that I have learned about in the bonding comparison lab. These bonds include ionic‚ polar covalent‚ and non-polar covalent. Each of these bonds and the element compounds connected to them has individual solubility‚ conductivity‚ melting point‚ and volatility levels. The three element compounds that will follow are sodium chloride‚ sucrose‚ and p-dichlorobenzene. Sodium chloride is an ionic
Premium Ionic bond Covalent bond Ion
There are elements of Epigenetics in the most unexpected areas‚ such as this schizophrenia is a dreadful mental illness‚ and if untreated can completely disable a person. People suffering this disease lose all perception of the real world‚ and know only their own hallucinatory and delusional world. Normal cognitive‚ emotional‚ and societal responses are seemingly lost. Most people are misled in believing that people suffering from schizophrenia are most often dangerous and violet‚ however‚ this isn’t
Premium Schizophrenia Mental disorder Psychosis
Petrarchan sonnet (puh TRAHR kun) a fourteen line sonnet consisting of two parts: the octave‚ eight lines with the rhyme scheme abbaabba‚ and the sestet‚ six lines usually with the rhyme scheme cdecde the octave often poses a question or dilemma that the sestet answers or resolves‚ beginning with a turn‚ also known as a volta also referred to as an Italian sonnet Example: Whoso list to hunt‚ I know where is an hind! But as for me‚ alas‚ I may no more; The vain travail hath
Free Poetry Poetic form Meter