...Q 1-1 Discuss the role of each of the following in the formulation of accounting principles: * a.American Institute of Certified Public Accountants The AICPA’s mission is to provide members with the resources, information and leadership that enable them to provide valuable services in the highest professional manner to benefit the public, employers and clients. In fulfilling its mission, the AICPA works with state CPA organizations and gives priority to those areas where public reliance on CPA skills is most significant. To achieve this mission, the AICPA develops standards for audit and other services provided by CPA; provides educational guidance materials to its members; creates and grades the Uniform CPA Exam; and monitors and enforces compliance with the profession’s audit, technical and ethical standards. * b.Financial Accounting Standards Board The goal of financial accounting standards is to help stakeholders make informed investment decisions based on honest financial statements. The standards are designed to promote transparency in financial reporting. When information is transparent, it is visible and understandable to the public. This enables potential investors and creditors to make accurate evaluations of the businesses' finances. Accounting standards also help the board of directors to assess management's effectiveness. Financial statements identify areas that need improvement and enable the boards to take early corrective actions. * c.Securities...
Words: 512 - Pages: 3
...CRICOS Provider No. 00103D ITECH1005 - Business Information Systems Tutorial 11 Ethics, Privacy, and Information Security Weight 1% The tutorial assessment each week is generally based on your understanding of the week’s course content and group interaction in discussing your answers. ASSESSABLE TASKS OF THE WEEK The tutorial tasks for this week will help you to develop more understanding of the importance of ethics, privacy, and information security in business environments. The due date for providing answers to this week’s tutorial tasks is Thursday, Week 12. Submit your answer using Moodle by its due date. On-campus students make sure to take with you a printed copy of your answers to the tutorial session. Before attempting the following tutorial activities, you need to learn this week’s lecture slides first. To gain more understanding of the topics covered in this week’s lecture read Chapter 11 of your textbook. Case Study : WikiLeaks Read textbook, pp. 472-473 and answer the followings. 1. The two conflicting aspects of WikiLeaks would appear to be privacy and freedom of information. Where do you stand on the issue? Discuss your views with your class. 2. One of your ethical obligations as an information security professional is confidentiality of information. Does this obligation change your position with regard to the previous question? 3. As a citizen of a democratic country, you are also concerned with freedom of information. How does this requirement affect...
Words: 377 - Pages: 2
...Student name: Jiaqi Song Student number: 520812 Subject code: ECON10004 Subject code: Introductory Microeconomics Assignment 1 Question 1 a) The information in Attachment 1 suggests that a decrease in demand for iron ore by Chinese steelmakers. Because attachment 1 mentions that price decrease which result in a decrease in demand for iron ore by Chinese. As shown in diagram 1 below, the price of steel dose down from P1 to P2, thus the quantity supplied of steel decrease from Q1 to Q2, which means there are less demand for iron ore. And the article also shows that an increase in the price of iron ore. Price increases leads to a decrease in quantity demanded of iron ore. And price goes up lead to a movement along the demand to the left. This also makes a decrease in demand for iron ore by Chinese. Therefore, demand for iron ore by Chinese makers decrease. . [pic] b) As the demand for iron ore by Chinese decrease, the demand curve shift to the left. The new equilibrium price lie on the demand curve D2(graph above) which is lower than original equilibrium price on demand curve D1. The decrease in demand will also cause a decrease in quantity demand traded from Q1 to Q2. The Baltic dry index is based on the equilibrium price. Therefore, the Baltic dry index will decrease. c) There are going doubts about what the Baltic Dry is actually signalling because the index change will caused by demand change or supply change or both of them change. For example...
Words: 1413 - Pages: 6
...GNED 139 W2015 swalke27@my.centennialcollege.ca Assignment 1 “Studies suggest that the distribution of income in a given society may be a more important determinant of health than the total amount of income earned by society members. Large gaps in income distribution lead to increases in social problems and poorer health among the population as a whole. Only 47% of Canadians at the lowest income level rate their health as excellent or very good, compared with 73% of Canadians in the highest income group. Low-income Canadians are more likely to die earlier than Canadians with high incomes. It is estimated that if the death rates of the highest income earners applied to all Canadians, more than one-fifth of all years of life lost before age 65 could be prevented.” Toward a healthy future: Second report on the health of Canadians Some perspective Minimum wage work is not distributed equally in Ontario: women, racialized workers and recent immigrants are more likely to be working for minimum wage. In 2011, the share of racialized employees at minimum wage is 47% higher than for the total population – 13.2% as compared to 9%. Fully 19.1% of recent immigrants are working at minimum wage, more than twice that of all employees. Young workers are much more likely to be working for minimum wage than those who are over 25. But almost 40% of the 183,000 Ontarians working for minimum wage were 25 years of age and over in 2011. The share of adult employees at minimum wage more...
Words: 1392 - Pages: 6
...Assignment #4 BUS520 Andrea Sanders After evaluating my three assessments I truly agree with all three. I’m in a range of where the plurality of people in leadership roles falls. I’m known to be a good performer in a particular environment, thus the question that arises is how easily you would make the transition should that environment or the surrounding circumstances change. One result describes me as a democratic and free reign leader. Democratic leader will make the final decision; he or she invites other member of the team to contribute to the decision-making process. This not only increase job satisfaction by involving employees or team members I’m what’s going on but it also helps to develop people’s skills. Employees and team members feel in control of their own destiny and so are motivated. I feel my strengths and opportunities are that I’m comfortable using reflective supervision with my staff and have many facets in my daily work. I can expand my knowledge and continue growing by identifying the next challenge. I scored poorly under autocratic. Autocratic leader is an extreme form of transactional leadership, where a leader exerts high level of power over his or her employees or team members. People within the team are given few opportunities for making suggestions, even if these would be in the team or organization’s interest. Autocratic leadership often leads to high level of absenteeism and staff turnover. Also the team’s output...
Words: 418 - Pages: 2
...1. Introduction According to Bruce Henderson, one of the early writers on business strategy, organizations, like organisms, must adapt or die and it is perhaps even more poignant today. (Conner & Clawson, 2012). There are many benefits from creating the learning culture like trust and open communication, retention of customers, improved problem solving, a customer-service orientation and Improve collaboration in the organization (Abudi, November 17th, 2009). According to the (Maccoby, May-June, 2003), that is seven rule to create learning culture: 1. Describe the purpose of the work you and the team are doing. What are you trying to achieve? Who are your potential customers and how will you create value for them? 2. Clarify roles and responsibilities 3. Make sure managers and subordinates understand each other’s personality. 4. Communicate and facilitate communication 5. Managers need to create trust by treating people fairly 6. Make evaluation a continuous and honest dialogue rather than a bureaucratic process 7. Developing the cultural context in which supervisors can practice the other six rules. 2. Company Background Sushi King first opened since 1995, pioneering a new era of Japanese cuisine in Malaysia with unique ‘Kaiten Sushi’ or ‘Revolving Sushi’ with quick service restaurant concept (king, 2011). Sushi King offering a wide variety of sushi along with an expansive menu of other Japanese food at affordable prices...
Words: 2640 - Pages: 11
...In order to legally grant a variance, a local board of zoning appeals must specifically find that:(1) owing to circumstances relating to the soil conditions, shape or topography and especiallyaffecting such land but not affecting generally the zoning district in which it is located; (2) aliteral enforcement of the residential zoning would involve a substantial hardship, financial orotherwise, to the petitioner; and (3) desirable relief may be granted without substantialdetriment to the public good, and without nullifying or substantially derogating from the intentor purpose of such ordinance or by-law. Mass. Gen. Laws ch. 40A, § 10.In Grenon v. Commonwealth, (2004) Mass. Super. LEXIS 176, the court stated “No person hasa legal right to a variance and they are to be granted sparingly . . . [Reviewing courts should]ensure that local boards of appeal conform with the statutory restrictions upon grantingvariances." Damaskos v. Board of Appeals of Boston, (1971) 359 Mass. 55, 61, 267 N.E.2d 897.The statutory requirements are conjunctive, so "a failure to establish any one of them is fatal."Blackman v. Board of Appeals of Barnstable, (1956) 334 Mass. 446, 450, 136 N.E.2d 198.” In Shacka v. Board of Appeals, (1961) 341 Mass. 593, the Massachusetts Supreme Courtreviewed a decree upholding a zoning variance granted to a gas station owner. In its decision,the Court held that no hardship to the gas station owner was shown attributable to conditionsespecially affecting his property and not...
Words: 267 - Pages: 2
...Understanding The Organisational Structure And Culture Management Essay Introduction "Organizational behaviour is a learning that examines the collision that individuals, groups and structure have on behaviour within business for the purpose of applying such knowledge toward improving an organization's effectiveness." (Robbins) An understanding of organizational behaviour is valuable for improving human behaviour in positive direction, on the one hand and the total organization climate, on the other hand. It tries to promote our understanding of the process of human behaviour and the changes that takes place in the goals, roles, values and interests of the organization members during the course of their association with organizations. Task 1: Understanding Organisational Structure and Culture Structure in one way is the planning of duties used for the job to be done whereas culture is the intricate as a whole which includes information, belief, art, ethics, customs and any other potentials and habits obtained by members of a society. Organisational structures and cultures example of a student's work Organizations are established in distinct ways to accomplish particular goals, and the structure of a business can help or hold back its progress toward achievement of these goals. Following are some of the different types of organisational structures and cultures. Functional Structure and Culture Functional structure is established so that every part of the organization is...
Words: 2934 - Pages: 12
...Gregory Swinehart IS 3110 Risk Management in Information Technology Security Week 1 Assignment 1 Risk one: Application Server Host Threat: Denial of service or distributed denial of service attack Vulnerability: The organization doesn’t use intrusion detection system Impact: Depending on the attack, the credibility of the company could be affected Harmful Event or Loss: Lost of productivity due to unable to access applications and services Likelihood of Occurrence: 24/7 Risk Management Techniques Use: Avoidance Company should configure Firewall setting and implement both IPS and IDS to strengthen the system to avoid vulnerabilities Risk two: Database Server Threat: Equipment failure due to environmental disaster impact such as fire or tornado Vulnerability: The organization does not have a data backup contingency plan Impact: The possible loss could affect functionality of the company Harmful Event or Loss: Lost of productivity, data availability Likelihood of Occurrence: Likely to occur because Indiana, Nebraska and Oklahoma are in the Tornado Alley Zone Risk Management Techniques Use: Avoidance and Transfer Create a strategic disaster recovery plan for the company to recovery data. Store backup data on secure off-site location or use secure third party Cloud service to manage the data. Use RAID method to improve data redundancy. Risk three: Window Vista Workstations Threat: Social Engineer Vulnerability: Windows Vista is vulnerable to virus...
Words: 474 - Pages: 2
...Geico Ivy Cuttino Strayer University Dr. Judie Bucholz Hrm533- Total Rewards January 22, 2012 Geico Employees Insurance Company has been in existence since in 1936 and was founded by Leo and Lillian Goodwin. Geico was established to provide auto insurance for governmental employees in the entire United States. Geico was based on the idea the governmental employees were safer and more financially dependable then the general public. With this way of thinking Geico was able to cut out the middle man “agents” saving money the company money. So they were able to pass these saving onto the customers, employees, and advertising. Geico total rewards program aligns with the basic total rewards program that is Compensation, Benefits, Work-Life, Performance & Recognition, and Development & Career Opportunities. This set up was designed and implemented to mirror how the government was operating. The way Geico was structure it developed and promoted internally. They used this technique at Geico to develop well knowledgeable employees as well as maintaining a low employee turnover ratio. These principles help develop the company that people see today. Determine which facets of the Geico total rewards program align with the five (5) top advantages to a total rewards outlined in Chapter 2 of the textbook and discuss your reasoning. The first facet when reviewing Geico compensation scale and comparing it to its competitors. Geico salaries are competitive to...
Words: 1800 - Pages: 8
...Week 4 Assignment 1 Discussion Taylor Dean Principles of Macro-economic ECO2071 SOL South University Online Professor Joseph Brandt May 13, 2016 1. Using Template A, construct a table that describes the various characteristics of each market structure. | Perfect Competition | Monopolistic Competition | Oligopoly | Monopoly | Number of Firms | Many sellers | Many sellers | Few large sellers | One seller | Pricing Decisions | Firms are price takers | May have some control as the product is slightly different | Have price control; however depends on its rivals | Have price control | Output | Optimal output | Slightly lower than perfect competition as the demand curve is downward sloping | Lowers output for higher profit | Produces less | Decisions | Depends on the market | A little independent | Depends on its rivals | Depends on itself | Profit | Normal | Abnormal | Abnormal | Depends on itself | Demand Curve | Horizontal | Downward sloping | Kinked | Downward sloping | Ease of Entry | Easy to enter and exit | Easy to enter and exit | Difficult many barriers are presented | Not possible, as they hold a patient of government permit | Product Differentiation | Homogenous | Differentiated products | Homogenous and sometimes differentiated | Single seller, therefore, a unique product | 2. Identify a firm for each of these market structures and explain why each firm belongs in the market structure identified. ...
Words: 458 - Pages: 2
...Associate Level Material Appendix C Psychotherapy Matrix Directions: Review Module 36 of Psychology and Your Life. Select three approaches to summarize. Include examples of the types of psychological disorders appropriate for each therapy. |Psychodynamic Approach |Behavioral Approach |Cognitive Approach | |Summary of | | | | |Approach |Therapy that tries to bring unresolved past conflicts and |It bases its focus to change the behaviors as to convert |It bases the approach based on how the individual | | |behaviors that are considered unacceptable from the |unaccepted behaviors and turn them into accepted or |recognizes himself/herself situation or self | | |unconscious side all the way to the conscious side so the |“normal” behaviors., most as identified as pleasant or not|-interpretation, once that is achieved it seeks to change | | |patients turn or become able to deal with problems |for the individual himself/herself. |that for a more self-accepted condition of themselves as | | |effectively | ...
Words: 381 - Pages: 2
...The opening of this book focuses more on the overview of Internet, Web and introductory networking concepts. HTML is the language used to create web pages. Berners – Lee create the World Wide Web. An Intranet is a private network that is contained within the business or organization. An extranet is a private network that securely shares parts of an organizations information. Following the W3C recommendations is the first step to creating an accessible web site. Accessible websites may be more thoroughly indexed by search engines, which can be helpful in bringing new visitors to the site. IPV6 is the next standard in IP protocol. HTML5 is the newest version of HTML. The second chapter is an introduction to HTML, XHTML and HTML The first line of a webpage has to be Document Type Definition. The purpose of the HTML element is to indicate that the document is HTML formatted. A web page has 2 sections, the head and the body. The head contains information about the webpage, such as title of page. The body contains the content of the webpage. Index.html is a common name for home page. The following are important steps when designing a web page. Determining the Intended Audience, Determining the goals of the site, Determining the General Content and Create a site map. The HTML validation tool can check the HTML code for syntax errors. The 3rd chapter introduces Cascading Style Sheet. CSS is used to configure text, color, and page layout. Advantages of using CSS include better control...
Words: 294 - Pages: 2
...B.LAW B.LAW UCP 600 Explanation of articles relating to L/C. Submitted to: Prof. Javed B.LAW ASSIGNMNET/PRESENTATION UCP 600 Explanation of articles relating to L/C. Submitted to: Prof. Javed B.LAW ASSIGNMNET/PRESENTATION ASSIGNMNET/PRESENTATION ASSIGNMNET/PRESENTATION Group Members NAMES REGISTRATION No. Malik HASSAN MUKHTAR L1F11MBAM2029 MARYAM FAROOQ L1F11MBAM2067 AHSAN AFZAAL L1F11MBAM ANIQUW SAJJAD L1F11MBAM AZHAR HAYAT L1F11MBAM ALEEM UR REHMAN L1F11MBAM Group Members NAMES REGISTRATION No. Malik HASSAN MUKHTAR L1F11MBAM2029 MARYAM FAROOQ L1F11MBAM2067 AHSAN AFZAAL L1F11MBAM ANIQUW SAJJAD L1F11MBAM AZHAR HAYAT L1F11MBAM ALEEM UR REHMAN L1F11MBAM UCP 600 - Article 1 ICC Publication no. 600 ("UCP") are rules that apply to any letter of credit. They are binding on all parties thereto unless expressly modified or excluded. UCP 600 - Article 2 Advising bank/sellers Bank means the bank that advises the credit at the request of the issuing bank. Applicant/Buyer means the party on whose request the credit is issued. Banking day means a day on which a bank is regularly open at the place at which an act subject to these...
Words: 2584 - Pages: 11
...Healthcare Assignmnet Kelly Hoffpauir April 7, 2013 N2536 According to the preamble of the Constitution of the United States, it is the responsibility of the government to take care of the general welfare of the population, but healthcare is not defined as a right in the Bill or Rights or anywhere else in the constitution (US Constitution Online, 2010). While I believe healthcare is a privilege, I believe the government has a duty to ensure that its citizens are given the basic level of care necessary to consider them treated, whether government or citizens are paying for it. It isn’t defined as a right to Americans to have health care. In the same sense, I feel that the provisional code that states that it is the nurse’s primary commitment is to the patient, whether an individual, family, group or community is where the general welfare is spoken about (AACN, 2005). After reading an article on the website, heritage.org (2010), I feel that in this day and time, the determination of who has access to health care has fallen to the government. It is directly and indirectly related. It is related because the reform mandates that everyone has insurance whether it is from the government or from an employer. Employers are having a hard time finding low-cost premiums that provide the employee with a variety of options...
Words: 545 - Pages: 3
