those of you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received. An obligation and certainly of payment differ‚ as payment for a variety of reasons is
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International Journal of Trade‚ Economics and Finance‚ Vol. 2‚ No. 6‚ December 2011 Use or Abuse of Creative Accounting Techniques Syed Zulfiqar Ali Shah‚ Safdar Butt‚ and Yasir Bin Tariq India who are always short of this product. It takes three years for a cement plant to start production. By the time the new plants came into production in late nineties‚ the country’s economic scenario had changed. The government had no money for development‚ the economy was generally in recession‚ and
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levels of responsibility within the organization. A professional is handed tasks at such a high level‚ that poor performance can reflect poorly on the entire organization not just the individual. 4. Have a sense of ownership of their work. Professionals feel a sense of ownership and pride in everything they do. Professionals work‚ not to just meet organization standards‚ but most importantly meet the standards of their own pride in their work. Professionals work for the organization as if they
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expanding while the up going GST prevent her from gaining more profits. The idea of replacing the labor with the help of new equipment will bring about an unprofitable break-even point. However Jill still insist on borrowing from bank to invest in the equipment regardless of the CVP analysis result‚ which raised some ethical issues. Analysis Question 1 Defining the stakeholders There are 5 major stakeholders arising from Jill’s decision‚ which are Jill herself‚ the lending bank‚ the working staff
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The issue of ensuring its own security has traditionally been the most significant for any person. From the state ’s point of view‚ the issue of security of the individual‚ society and state is important as well. The need for security and protection from unwanted internal changes and external influences on the life of the individual‚ family and property is one of the basic‚ fundamental needs for various people‚ including the society and the state. Therefore‚ it is clear that from the very beginning
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Concept of Self- Ownership “What does it mean to own something?” is the question being asked of many of us. The literal meaning is to have ownership of something or to have some that belongs to you. The next question we should ask ourselves is does that mean we technically own ourselves? In other words‚ do we have ownership to ourselves‚ and how can we own ourselves?. We own our own identity if that makes sense. We claim what we say is our identity. Whether it’s being a part of a certain ethnicity
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Australia will have the choice as to whether or not they choose to meet the requirements detailed in accounting standards. (b) The number of options within IFRS-adopted accounting standards is expected to be restricted‚ although compliance with the AASB standard will mean compliance with the IASB standard. (c) The number of options within IFRS-adopted accounting standards is expected to be restricted‚ which means that compliance with the AASB standard will not automatically mean compliance with the IASB
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Chief Information Security Officer The chief information security officer is there to examine and respond to a number of things. There are different functions which are performed by the CISO of the organization. It is clear from its name that the role of the CISO is a leader of the whole IT security. Functions of CISO There are a number of critical functions of CISO which he needs to be performing in the organization. For example if something goes wrong and a breach happens in the organization
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ABSTRACT : This paper describes the basic threats to the network security and the basic issues of interest for designing a secure network. it describes the important aspects of network security. A secure network is one which is free of unauthorized entries and hackers INTRODUCTION Over the past few years‚ Internet-enabled business‚ or e-business‚ has drastically improved efficiency and revenue growth. E-business applications such as e-commerce‚ supply-chain management‚ and remote
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been put forward by historians: the economic arguments are the most important as the vast
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