Abstract: Creative accounting is a practice of accounting following the certain rules of it‚ but it is fluctuated from the basic spirit of those rules. Creative accounting is the ‘colorful’ representation of a company’s assets‚ liabilities and income. It is basically done to attract investors. The example of ‘the half glass of water’ maybe pulled to explain the idea. If a glass is filled with water to its half volume‚ then instead of saying ‘it is half empty’‚ the creative accountants prefer
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because I feel like I would’ve encounter this person and we wouldn’t get to any type of agreement‚ I probably would’ve have to take some type of legal action. Another relation between the Kant and the situation been argued is that according to him a person must act in accordance to an obligation to a moral code‚ without worrying about the outcome. Now it seems like parents are not teaching values or morals‚ and this new generation coming up is all about ego‚ self-esteem‚ and putting themselves first
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It is unethical to poach animals because it leads to extinction‚ illegal trade ‚ and the s pread of disease; despite these issues‚ many believe that the money made from poaching is more important than the negative consequences. One negative consequence of poaching is that many times poachers kill animals until they become greatly endangered or extinct. This causes some problems in the ecosystems where these animals live. If one animal goes extinct‚ this means less food for the animal that used to
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one of his most famous quotes “Men are more easily governed through their vices‚ rather than their virtues”? He was not ethical‚ even though some may say he was. Napoleon was unethical because he killed many people‚ conquered most of Europe‚ and he was also power hungry. There can be many reasons why Napoleon was unethical‚ but there are also some very simple ones. First of all he killed many people‚ and many people called it like it was‚ a Hitler-esque fashion. In the way that Hitler hunted down
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Despite the unprecedented interventions by central banks following the onset of subprime crisis‚ world economy remains fragile. There are also persistent fears that these interventions will lead to inflation. Should central banks abandon their expansionary policies given that they seem to be ineffective and might lead to inflation? 2011 Monetary Economics Group Essay Ayeshath Iqbal Chowdhury Mohammad Sakib Anwar Esther Siah Shuet Yi Jarren Tam Keat Wen Lim Kai Shen Paul Ruben Mohanadasan
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A REPORT IN DEFENCE OR FAVOUR FOR THE ADVOCATE OF AN INTERNATIONAL STANDARD OF ACCOUNTING PRACTICE. INTRODUCTION Internationalization of economic trade and globalization of businesses is on the ascendency. Consequently‚ financial statements prepared according to a nation’s local accounting system may hardly meet the needs of investors‚ business partners‚ financiers and decision-makers who are conversant with international standards. Meanwhile‚ developing and emerging markets are the target
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The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
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TO BELONG IS NOT NECESSARILY TO IDENTIFY WITH IT In our social life‚ each person has one’s own roles and responsibilities‚ attitudes and values. Since every individual is unique and distinct compared to one another‚ these elements that construct our individuality are not always similar. Similarities and reflection of our values make us belong to a group‚ but the differences are barriers that stop ourselves from being recognized as an indivisible part of it. Belonging and identity are inseparable;
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U. S. Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS) There are numerous companies that use different types of accounting standards or rules. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles the most popularly used by companies. IFRS is a set of accounting standards that provides a global framework for how public companies prepare and disclose their financial statements. The U.S. Generally
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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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