Table of Contents Case 1 Introduction Jill’s business is expanding while the up going GST prevent her from gaining more profits. The idea of replacing the labor with the help of new equipment will bring about an unprofitable break-even point. However Jill still insist on borrowing from bank to invest in the equipment regardless of the CVP analysis result‚ which raised some ethical issues. Analysis Question 1 Defining the stakeholders There are 5 major stakeholders arising
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8 Accounting theory and conceptual frameworks After studying this chapter you should be able to: & explain what accounting theory is & describe the main attempts at constructing an accounting theory & appraise current developments in the area & describe and discuss the contents of the IASB Framework & appraise the quality and usefulness of the IASB Framework in the context of its self-declared purposes & describe and discuss the parts of IAS 1 relating to accounting concepts and policies & appraise
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between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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primarily responsible for the Japanese accounting system being significantly different from other national systems and what influences do you consider the Japanese system will have on international accounting in the future? INTRODUCTION Japan as an accounting jurisdiction is characterized by the dominance of the state (Haller and Raffournier‚ 2003). The accounting rules have been set out in the past fifty years as statute law with an implicit objective that accounting should contribute to the growth
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ETHICS IN ACCOUNTING Presented by: Rojina Sapkota Abhilasha Thapa Pooja Shah Sandeep Gautam Mendhala Lama Gurung AND THE ACCOUNTING PROFESSION What is ETHICS? -All about making right choices and producing good behavior What is ETHICS in ACCOUNTING? -Being responsible enough to behave as a TRUSTWORTHY accountant. ROLE/IMPORTANCE OF ETHICS IN ACCOUNTING To provide true knowledge of the financial transactions taking place. To ensure correct decision making . WHAT IS AN ETHICAL DILEMMA
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Descriptive essay is one of the many types of writing styles that provides a detailed description for a particular person‚ place and things. Descriptive essay is purposely created so readers can readily imagine its particular subject matter. There are many different ways of making a descriptive essay really effective. Here are some of them: 1. Imaginative language – this makes a descriptive essay really effective. The power of words is immeasurable if it is appropriately used. The art of playing
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Descriptive Essay Format Descriptive essays‚ derived from the word describe‚ are used to effectively provide the readers details of how something tastes‚ smells‚ looks‚ feels or sounds. Its main objective should be to entertain the readers and help them establish a picture of what is being talked about. Planning to write a good descriptive essay? There is a standard descriptive essay format that must be followed. A descriptive essay format is composed of an introduction‚ a body and a conclusion
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the audience attention you must give a clear understanding of your story. A descriptive essay lets you describe in detail what the essay is all about using words that appeal to your sense of smell‚ hearing‚ see‚ touch‚ and taste. A descriptive essay lets you use words that describes a person‚ place‚ or object. When I compare the author’s narrative essay “Are the Rich Happy?” by Steven Leacock and the author’s descriptive essay “Sister Flowers” by Maya Angelou it is clear that there are many similarities
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Chapter 8 Non-Current Liabilities Assessment Questions AS-1 ( 1 ) Name the typical forms of non-current debt. A typical and common form of non-current debt is a term loan from a bank. Another form of ______________________________________________________________________________ non-current debt is bonds. ______________________________________________________________________________ ______________________________________________________________________________ AS-2 ( 1 ) What is a bond
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