What is Positive Accounting Theory? Positive Accounting Theory is the branch of academic research in accounting that tries to make good predictions of real world events and translate them to accounting transactions. This contrasts with normative accounting theory‚ which that tries to recommend what should be done. Positive Theories try to explain and predicts actions such as which accounting policies firms will choose and how firms will react to newly proposed accounting standards. Positive
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Zack Cearley 11/15/2012 Accounting 1101- Mason The Sarbanes-Oxley Act of 2002 The Sarbanes-Oxley Act of 2002‚ often abbreviated as SOX‚ is a legislative act passed by Congress in response to the Enron and WorldCom financial scandals. The primary purpose of SOX is to protect shareholders from errors or fraudulent reporting by the company they have invested in. The Sarbanes-Oxley act is enforced by the Securities and Exchange Commission‚ a department dedicated to ensuring compliance to SOX from
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(SOX) support or contradict the principles of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Framework. First‚ the Sox act was established in 2002‚ as a response to the corporate and accounting scandals such as Enron and WorldCom who swindle their shareholder out of millions‚ the purpose for the act is to protect the rights of investors (Fraser & Simkons‚ 2010‚ p. 351). With the enactment of SOX‚ it improves the accurateness of corporates disclosures in order to be consistent
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acceptable and in fact can result in jail time for the executives and others involved. The company can also lose their exchange listing‚ lose of D&O insurance or face large 7+ figure fines. The act was a direct response to corporate scandals‚ such as WorldCom‚ Enron and Tyco who covered up or misrepresented questionable transactions. The scandals resulted in large losses including the closure of Enron and Arthur Anderson. This act applies to all US public companies as well as international companies
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The article I chose for week five is related to chapter nine notes on the eye. In the article “Lazy Eye (Amblyopia): Symptoms‚ Causes‚ Treatment” mentions certain symptoms to be aware of‚ and what causes lazy eye‚ as well as treatments available. Lazy eye is known as amblyopia it’s related to developmental problems associated within the brain. It’s usually a childhood eye problem that can affect one eye or both. If left untreated partial blindness or total blindness can occur in the eye(s) that are
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Ishi lived in the hills with others‚ therefore‚ he remained undetected (Kroeber 13). I don’t think the term wild Indian should be used‚ especially in 1961. He decided to live in the woods‚ and it doesn’t mean that Ishi doesn’t know how to act according‚ as the term wild implies. Many people get attached to an area. It’s a comfort thing‚ and it’s familiar‚ to be attached to something. In a familiar surroundings‚ people know what to expect. The amount of different languages in California tell us that
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This surprise attack was incredible because U.S. Army rader site at Opana Point‚ on Oahu‚ was tracking incoming aircraft‚ and the Navy discovered a submarine close to Pearl Harbor. Furthermore‚ US was able to break a Japanese code‚ which allows them to read messages of Japanese Navy. It was a well-prepared attack by the Pearl Harbor Task Force‚ the Kido Butai‚ which allowed them to execute airstrikes before the detection. In January 1941‚ Admiral Isoroku Yamamoto proposed a attack on Pearl Harbor
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English Comp. II 1 November 2011 Trifles Analysis Susan Glaspell wrote the play Trifles in 1916. The play/story emulates the author’s thoughts on discrepancies concerning preconceived notions of gender. According to Dictionary.com the exact definition of trifle is “Something of little importance or value”. The title of the play suggests that the concerns of women are too often considered minute and negligible affairs‚ irrelevant to a male dominant society. The issue in question is the circumstantial
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threat of disease prevails. With technology improving there is an increase of people fluctuating in and out of our country. With the amount of international travel in todays society‚ diseases that are not indigenous to our nation are brought in undetected. Due to the increase of transition the liability of a pandemics and fatalities are higher than ever. Since‚ the germs are not native to our country‚ our bodies are not tolerant or immune to the unfamiliar disease. If the infected person comes in
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Advantages of computers: Increases speed of computing and processing information in any other way. People can use sophisticated statistical and mathematical tools for decision making and further purposes without learning in details the algorithms used for computing. This way people can use much more sophisticated analytical tools that would have been possible with only manual information processing. Computers can store large volumes of information without occupying too much space‚ as is in the
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