The term of creative accounting refers to select accounting methods for the preparation of financial statement that provide the result desired by the accounting preparers. Especially when the firms are under a financial difficulty‚ the need of creativity would be very apparent because it might be difficult for parties such as auditors‚ with an oversight function‚ to report that the account preparers are doing anything wrong (Deegan‚ 2010). When the economy is moving into recession‚ the most companies
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Research Development is a set of strategic‚ proactive‚ catalytic‚ and capacity-building activities designed to facilitate individual faculty members‚ teams of researchers‚ and central research administrations in attracting extramural research funding‚ creating relationships‚ and developing and implementing strategies that increase institutional competitiveness.[1] These activities are typically practiced at universities‚ but are also in use at a variety of other research institutions. Research Development
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Abstract Background The indiscipline problem in schools is ranked as a major problem among students of primary and secondary schools in Malaysia. Disruptive behavior is a concern to schools and parents and to fellow pupils‚ whose education may be adversely affected. Objective: The objectives of this study were to identify the level of students discipline problems and dominant factors attributing to the students discipline problems among the students in SMK St. Thomas. Material and Methods:
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...TO THE PEOPLE OF GOD (AND THE PEOPLE I LOVE) Christians talk a lot about premarital sex. And I think that’s a mistake. I don’t think it’s a mistake because the issue is unimportant but because the grammar is skewed. The word “fornication” is almost gone from contemporary Christian speech. It sounds creepy and antiquated. Instead‚ we talk about “abstinence” and “premarital sex.” In the most recent issue of Touchstone magazine‚ I argue that the loss of the words “fornicate” and “fornication”
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Biology 243 Winter 2015 – Results & Discussion Assignment 30 marks total (3% of course grade) DUE DATE: The beginning of your scheduled lab during the week of March 30 (Lab 10) This assignment is based on an experiment that you carried out in collaboration with a group of students. Cooperation with members of your group can continue
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Lying‚ something that is done by every human being at some point in their life whether they mean to or not. Why do humans lie though? Every person has told a lie to someone at some point for something whether it was to cover up something that they didn’t want the other person to find out or maybe to keep someone from feeling bad about themselves. Webter dictionary defines lying as marked by or containing falsehoods.(merriam-webster) Webster dictionary also defines the word lie as to make an untrue
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Title: Creative Accounting & Ethics: Arguments For and Against Creative Accounting Introduction The accounting process consists of dealing with many matters which includes judgment and resolving conflicts between challenging approaches to the presentation of the results of financial transactions. This flexibility provides opportunities for manipulation‚ deceit and misrepresentation and is widely known as creative accounting (Harris n.d.). Creative accounting can be defined as a process which involves
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Creative accounting refers to accounting practices that seem to follow the letter of the applicable accounting standards but deviate from the spirit of those standards. It is the use of accounting methods to hide aspects of a company’s financial dealings in order to make the company appear more or less successful than it is in reality. In other words‚ Creative accounting is the transformation of financial accounting figures from what they actually are to what preparers desire by taking advantage
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flexibility in accounting allows companies to adopt creative accounting and fraud techniques to bolster profits. Such techniques has seriously eroded the currency of accounting so as to hinder the development of economy. This essay introduces various parties involved in creative accounting and illustrates how they are being affected. After that‚ another cause induced by the economic environment will also be listed following by recommendations on reducing the likelihood of creative accounting and fraud
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THE ETHICS OF CREATIVE ACCOUNTING Introduction: In the accounting world‚ the general rule is that accounts should give a true and fair view. Under local and international law‚ a professionally experienced accountant has a responsibility to meet the terms‚ a corporation has a legal responsibility to meet the terms‚ and auditors have a legal responsibility to give some species of judgment on compliance. Although the function of accounting principles and other rules‚ creative accounting has constantly
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