Accounting Theory & Practice TOPIC 5: ACCOUNTING STANDARD SETTING Chapter 7 SHD Learning Outcomes At the At the end of this lecture‚ students should be able to explain: ✓ The three theories proposed to understand the process of regulation – public interest‚ regulatory capture and private-interest theory ✓ a comparison of the free market and regulatory approaches to standard setting ✓ International standard setting ✓ Standard setting in Malaysia Introduction • Since 1960s‚ accounting
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Cost Benefit Analysis A cost benefit analysis is done to determine how well‚ or how poorly‚ a planned action will turn out. Although a cost benefit analysis can be used for almost anything‚ it is most commonly done on financial questions. Since the cost benefit analysis relies on the addition of positive factors and the subtraction of negative ones to determine a net result‚ it is also known as running the numbers. A cost benefit analysis finds‚ quantifies‚ and adds all the positive factors. These
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Benefits to a wristwatch would include convenience. It allows you to tell the time with just the raise of a wrist and without having to dig your cell phone out of a pocket or purse. Attractiveness‚ make sure it is appealing to look at. Accuracy is very important. No one wants to be late. Durability is also very important; watches are right out there at the end of your arm and need to be able to withstand some punishment. Costs would be just the opposite of several of these‚ but would also include
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The disadvantages of nuclear technology outweigh the benefits With the development of technology ‚ a considerable number of nuclear stations have built up throughout the world .The statistics on this issue that about more than 30 countries have nuclear stations or use them to generate power such as the USA‚ Canada‚ German‚ the UK and China. On the one hand‚ these countries obtain huge benefit of nuclear technology‚ but on the other hand‚ some pollution‚ cost expense and health problems are becoming
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ORGANIC FARMING (Farming without the addition of artificial chemicals.) Organic farming can be defined by the proactive‚ ecological management strategies that maintain and enhance soil fertility‚ prevent soil erosion‚ promote and enhance biological diversity‚ and minimize risk to human and animal health and natural resources. It can also be defined as Vegetable and livestock production using natural sources of nutrients (such as compost‚ crop residues‚ and manure) and natural methods of crop and
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I will investigate why people smoke and the effects of smoking before deciding for myself whether or not the dangers of smoking out-weigh the benefits. Smoking has consequences in both the short-term and the long-term. Smoking can cause or worsen various health problems including asthma‚ emphysema‚ lung cancer‚ chronic bronchitis‚ and more. Smoking can also cause premature aging‚ like wrinkles and pale skin. It also causes bad breath. Smoking also increases the risk of high blood pressure. It is
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Do the Benefits of Tanning Outweigh the Risks? Amber Williams University of Phoenix‚ Axia College 26 year-old Clare Oliver spent her last living days warning the population about the dangers of tanning beds. The young woman started using tanning beds in her teens and was diagnosed with skin cancer when she was 22 years old (Ross‚ 2008). Reports come out every year with an increased amount of people who are affected by Ultra Violet radiation exposure. With so many studies about the
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STANDARDS OF NURSING SERVICES Association of Nursing Service Administrators of the Philippines‚ Inc. (ANSAP) Committee on Nursing Practice 2008 Edition STANDARDS OF NURSING SERVICES All rights reserved. All works herein are properties of ANSAP and no part of this book may be copied‚ reproduced or published in any form without the proper consent of the authors and publishers. FOREWORD This publication is designed to provide nursing administration a guide reference in managing nursing
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Cost – Benefit – Risk Analysis Cost START UP COST Joint venture investment Expatriate employee (managers) Employee insurance Employee benefit Employee allowance Land purchase/Renting expenses Showrooms Parking lot (if need) Labor cost Expatriate employee (managers) Local employees Employee insurance Employee benefit Employee allowance Space requirements Air-conditioner Total seats Decorations Tableware
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Explain the principles behind cost benefit analysis. Is the use of cost benefit analysis essential in the appraisal of public spending? Discuss this in the light of a transport capital expenditure project with which you are familiar. Cost–benefit analysis is often used by governments to evaluate the desirability of a given intervention. It is an analysis of the cost effectiveness of different alternatives in order to see whether the benefits outweigh the costs. The aim is to gauge the efficiency
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