Phase 1: DB 2—Financial Reporting Model Colorado technical University ACCT300-1202B-01: Intermediate Accounting I I am a coworker and friend to Mr. Ethics. This morning at break‚ he appeared to look worried and under a lot of stress. Being his friend‚ I ask if he needed to talk. He told me that Mr. Fraud‚ the CEO of the company for which we work‚ called him into his office and asked him to adjust the books so that a spot of land purchased is recorded at book value of $50‚000 rather than the price
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| Reporting Practices and Ethics Paper | Megan Gardner | | University of Phoenix | 11/12/2012 | Joseph Shin HCS/405 Reporting Practices and Ethics Paper Health care managers have many important roles and procedures they must follow to sufficiently run an organized business. One of these important roles is establishing good financial reporting along with ethical decision making. Without the correct reporting being completed‚ many crimes such as embezzlement
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Reporting Practices and Ethics Paper Reporting Practices and Ethics Paper Financial management of health care organizations can be a complex challenge for health care managers‚ from the basic elements of financial management to the heavy burdens of ethical compliance and accuracy. In this paper the subject to discuss is financial reporting practices and ethical standards in health care‚ how health care reform is changing and making these organizations more accountable‚ and summaries of
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Running head: ETHICAL STANDARDS AND CODES Ethical Standards and Codes Dana Brunner‚ Tawana James‚ Kristin Simmons‚ and Fenita Williams University of Phoenix Ethical Standards and Codes Introduction. As far back as the Middle Ages there has been professional associations in place to regulate as well as discipline the members and constrain behaviors. In 1892 the American Psychological Association (APA)‚ was founded in the United States. The APA is the agency responsible for regulating the
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Reflect and Improve on Professional Practice 1. Why is it important that we observe agency guidelines when we are examining issues of professional development? It is important to observe agency guidelines for a few reasons some of these are; -To ensure performance processes are consistent with organisations principles -To ensure there is a clear link between business plans and individual performance development -To ensure that the performance management process is not a negative
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1. Is this an example of fraudulent financial reporting or misappropriation of assets In this case‚ it is misappropriation of assets because the fraud is the consequence of the employee theft. As it is stated in the case “manager at Aspen store was stealing payments by customers on accounts. That’s why subledger was out of balance with the GL. To cover it up‚ the manager debited the sales account‚ which was why the gross margins didn’t make sense.” 2. What created an opportunity to commit the fraud
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Financial Reporting Financial reports are the documents and records that you put together to track and review how much money your business is making (or not). The purpose of financial reporting is to deliver this information to the lenders and shareowners (the stakeholders) of your business. If someone else is supporting part of your business‚ financial reporting must be part of the essential contract between you and them. Your lenders and investors have the right to know if their money is being
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Reporting practices and ethics paper VOLINA CALDWELL HCS/ 405 9/9/13 University of phoenix Darlene Tomlinson Abstract Introduction Ethical standards in financial reporting are
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individual differences. Inclusive practice includes many things‚ here are some examples below. Recognising and respecting customers cultural needs helps to promote inclusive practice. A customer may follow Islam as their religion‚ to meet their needs to kitchen staff may put halal or vegetarian options on the menu. Inclusive practice involves the individuals wishes and preferences. When planning activities in our service‚ our activities co-ordinator tries to provide something
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the phrases “accounting standards” and “financial reporting” refer to. Accounting standards refer to the accounting methods used in an accounting system like the IFRS. Financial reporting refers to the representation of financial information‚ in order to be uniform the financial reporting must be based on a fixed set of rules‚ invole complete objectivity and no bias. The IFRS (International financial reporting standards) has indeed helped the uniformity of financial reporting. However‚ in some cases
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