University of Wollongong Research Online Faculty of Business - Accounting & Finance Working Papers Faculty of Business 2006 Regulation: Standardising Accounting Practice M. Gaffikin University of Wollongong‚ gaffikin@uow.edu.au Publication Details This working paper was originally published as Gaffikin‚ M‚ Regulation: Standardising Accounting Practice‚ Accounting & Finance Working Paper 06/22‚ School of Accounting & Finance‚ University of Wollongong‚ 2006. Research Online is the open access
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1. The term Accounting Regulation is the application of rules to financial reports of companies and other entities which require them to prepare those reports in ways other than might be chosen freely. In other words accounting regulation are rules that have been developed by an independent authoritative body that has been given the power to govern how companies and entities are to prepare financial statements. However the regulation would be expected to incorporate a basis for monitoring and enforcing
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Regulation is defined as a set of rules that is designed to control and govern conduct by authority (Deegan 2009‚ p.59). On the basis of this definition‚ Deegan (2009‚ p.59) has defined regulations relating to financial accounting as rules that are developed by independent authoritative body to govern the preparation of financial statements which are accounting standards. Since decades ago‚ there have been arguments for and against the existence of accounting regulations. With a stance of pro-regulation
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Arguments against Corporate Social Responsibility While there may be people who are for the idea of corporate social responsibility‚ there are also others who oppose to it. One of whom‚ as we all know‚ is Milton Friedman. He believes that only individuals can have social responsibilities and that the purpose of a corporation is to provide the highest possible returns to shareholders while obeying all the laws and regulations. There are 5 main arguments against CSR. First of all‚ it lowers economic
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Counter arguments against hydraulic fracturing include the lack of government regulations‚ and environmental issues. While most energy companies are conscientious and put forth every effort to make fracking safe‚ without oversight‚ some companies are reeking havoc on communities‚ individuals‚ and nature. John Rumpler‚ Senior Attorney for Environment America‚ says those taking advantage of unrestricted production are responsible for complaints of coercion‚ contaminated drinking water‚ flammable well
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that they are very uncomfortable with the Peter Singers ideas on donating all money beyond what they need to charity. Although they did think that it was a good idea‚ they didn’t necessarily believe that it was a moral decision. Of the arguments that I heard against Singer‚ and I did hear many‚ I don’t think that they are created equal. I’ll mention three in detail and some justifications that I heard that aren’t as relevant. First‚ Zach takes a view of freedom‚ that’s to say that he believes that
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visitors and the animals. They do not cover the importance of governmental regulation on Britain zoos in order to make certain that they are meeting the minimum animal welfare standards. However‚ Paul Koene addresses how the prevention of the opportunity to act naturally has no effect on zoo animal health without considering animals that were not raised in the zoo but placed there further into adulthood. Each of these arguments contain gaps that lack information and other views of the issue. Scholars
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Definitions of euthanasia abound in the medical community. John Keown in his book Euthanasia‚ Ethics and Public Policy: An Argument Against Legalisation‚ creates a succinct definition of euthanasia based on various understandings of the process‚ "Euthanasia involves doctors making decisions which have the effect of shortening a patient’s life and these decisions are based on the
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1. Euthanasia : Argument for and against 10-15 pages Introduction Covan (2000) articulated that the word euthanasia is derived from two Greek words eu meaning good or easy and thanatos meaning death. Thus‚ the word Euthanasia plainly means an easy or good death in the sense that it is considered painless. The topic of euthanasia elicits a rather emotional and powerful as it involves choosing between life and death. Euthanasia has been a prohibited medical practice for over two thousand years however
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Jenna Vanderpool Mr. O’Connor AP English Literature 12 January 2015 FERPA: Flaws in Educational Regulations for Political Alleviation Privacy plays a major role in every aspect of life from professional to personal. Our lives should not be displayed for everyone to see unless we give the say so. Schools and other educational institutions promote this right to students through the federal law of Family Educational Rights and Privacy Act‚ FERPA. But FERPA is not always the best avenue to follow when
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