primary disadvantage of the corporate form is the double taxation to shareholders of distributed earnings and dividends. Advantages include: limited liability; ability to raise capital; and unlimited life 【Agency Problem】 Who owns a corporation? Describe the process whereby the owners control the firm’s management. What is the main reason that an agency relationship exists in the corporate form of organization? In this context‚ what kinds of problems can arise? Answer: In the corporate form of
Premium Generally Accepted Accounting Principles Depreciation Balance sheet
Generally Accepted Auditing Standards Maxx Mayeux ACC/490 February 22nd‚ 2012 Linda Carr Generally Accepted Auditing Standard • Describe how these standards apply to financial‚ operational‚ and compliance audits. • Explain the effect that the Sarbanes-Oxley Act of 2002‚ and the Public Company Accounting Oversight Board (PCAOB)‚ will have on audits of publicly traded companies. • Discuss the additional requirements that are placed on auditors from this act and the actions
Premium Auditing Internal control Financial audit
Fraud Cases: Violations of Generally Accepted Accounting Principles (GAAP) Section 1 In July 2002 the Sarbanes-Oxley Act was passed by the U.S. Senate by a vote of 98 to 0. The bipartisan support for the legislation emanated directly from the investing public’s lack of tolerance for financial statement fraud. Not surprisingly‚ when formulating its post-Sarbanes technical audit guidance‚ the Public Company Accounting Oversight Board (PCAOB) made it clear that detecting fraud must be the focus
Premium
comfort in winter‚ was dry during heavy rains‚ and was cool in the heat of summer. Tipis could be disassembled and packed away quickly when a tribe decided to move and could be reconstructed quickly upon settling in a new area. This portability was important to Plains Indians with their nomadic lifestyle. Modern tipi covers are usually made of canvas. Contemporary users of tipis include historical reenactors‚ back-to-the-land devotees‚ and Native American families attending powwows or encampments who
Premium Native Americans in the United States Great Plains United States
Discuss Maslow’s hierarchy of need and suggest ways in which it might be useful when working with children and young people. Maslow (1943) devised a pyramid of needs which has five levels‚ and are arranged in a hierarchy of how important they are for survival. These are‚ in order: physiological needs‚ safety and security needs‚ belongingness‚ love and social‚ esteem needs and self actualization. Self actualization is defined as “the desire to become more and more what one is‚ to become everything
Premium Maslow's hierarchy of needs Abraham Maslow
Self-Test 1 Problem: The following is a set of transactions during the month of May‚ 2012 for the business of Jess Consulting Office. The chart of accounts shows the following accounts: Jess Capital 300‚ Withdrawals 320‚ Cast at Bank 100‚ Advertising Expense 520‚ Wages Expense 525‚ Prepaid Advertising 112‚ Prepaid Rent 114‚ Tax Service Fees 405‚ and Consulting Revenue 400. The balance of cash account at 1st of May 2012 is $10‚000. May 2. Jess Barley invested $30‚000 more into the business
Premium Generally Accepted Accounting Principles 1969 1966
Unit – II Sources of Research material PRIMARY AND SECONDERY SOURCES OF LEGAL RESEARCH Because the law is so varied‚ there are many different resources available to help locate the law‚ each with a specific use and specific limitations. The major types of legal research resources are primary sources of law and secondary sources of law. Primary sources of law are the actual law itself — constitutions‚ statutes‚ administrative regulations‚ ordinances‚ and court
Premium Law Common law
Biological organization is embedded with emergent properties. These properties are based on a hierarchy of structural levels‚ each level building on levels below. Atoms make up the lowest level ordered into complex biological molecules. At the highest level of organization‚ the biosphere makes up all the environments on Earth. Descending down the ecosystem includes both living and nonliving organisms and consists of particular physical components that allow each to interact with one another. All
Premium Life Nervous system Organ
Maslow’s hierarchy of needs is a theory in psychology proposed by Abraham Maslow in his 1943 paper "A Theory of Human Motivation".[2] Maslow subsequently extended the idea to include his observations of humans’ innate curiosity. His theories parallel many other theories of human developmental psychology‚ some of which focus on describing the stages of growth in humans Maslow’s hierarchy of needs is often portrayed in the shape of a pyramid with the largest‚ most fundamental levels of needs at the
Premium Maslow's hierarchy of needs Psychology Fundamental human needs
In this essay I am going to identify and describe different forms of communication. I will also be using examples from health and social care sector. Communication is started through the communication cycle which is defined as “The process involved in building and understanding of what another person is communicating” (BTEC first health and social‚ 2006). To interact with people we communicate‚ we can communicate in many ways such as speaking‚ writing and signs. There are many different forms
Premium Communication Nonverbal communication Deaf culture