...Bennis' leadership qualities Warren Bennis, widely known as a modern leadership guru, has identified six personal qualities . Integrity Integrity means alignment of words and actions with inner values. It means sticking to these values even when an alternative path may be easier or more advantageous. A leader with integrity can be trusted and will be admired for sticking to strong values. They also act as a powerful model for people to copy, thus building an entire organization with powerful and effective cultural values. Dedication Dedication means spending whatever time and energy on a task is required to get the job done, rather than giving it whatever time you have available. The work of most leadership positions is not something to do 'if time'. It means giving your whole self to the task, dedicating yourself to success and to leading others with you. Magnanimity A magnanimous person gives credit where it is due. It also means being gracious in defeat and allowing others who are defeated to retain their dignity. Magnanimity in leadership includes crediting the people with success and accepting personal responsibility for failures. Humility Humility is the opposite of arrogance and narcissism. It means recognizing that you are not inherently superior to others and consequently that they are not inferior to you. It does not mean diminishing yourself, nor does it mean exalting yourself. Humble leaders do not debase themselves, neither falsely nor due to low...
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...of the Codification in your discussion. Citations are not required for journal entries. 1.What are the accounting issue(s) and the relevant components of the authoritative literature? 2.When should CCPC recognize the effects of the Fresh & Bright coupon drop in its financial statements? 605-50-25-3 25-3 For a sales incentive offered voluntarily by a vendor and without charge to customers that can be used or that becomes exercisable by a customer as a result of a single exchange transaction, and that will not result in a loss on the sale of a product or service, a vendor shall recognize the cost of such a sales incentive at the later of the following: a. The date at which the related revenue is recognized by the vendor b. The date at which the sales incentive is offered (which would be the case when the sales incentive offer is made after the vendor has recognized revenue; for example, when a manufacturer issues coupons offering discounts on a product that it already has sold to retailers). From FASB principle, CCPC should recognize the coupon at which the sales incentive is offered. 3.What is the dollar amount of the effect of the Fresh & Bright coupon drop on CCPC's financial statements? 4.What would constitute “sufficient evidence” to support CCPC's expected redemption rate of 2 percent? 5.What are the accounting implications if CCPC's estimated redemption rate changes to 2.5 percent at a later...
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...com.au/resources/30%20June%202009%20- %20Final%20Docs%20-%20AUI/AUI%20- %20Annual%20Report%202009%20-%20Final.pdf Australian Accounting Standards Board. (2004). AASB 139 „Financial Instruments: Recognition and measurement‟. Vic., Australia: AASB Australian Accounting Standards Board. (2009). AASB 9 „Financial Instruments. Vic., Australia: AASB Bentley, P. A., Franklin, M. A. (2013). Which international cultures favor disclosure of risk. International Journal of Business, Accounting, & Finance. 7(2), 62-76. Institute of Chartered Accountants Australia. (2012). AASB 9 Financial instruments. Retrieved from http://www.charteredaccountants.com.au/Industry- Topics/Reporting/Australian-accounting-standards/Analysis-of-AASB- standards/AASB-9--Financial-instruments Institute of Chartered Accountants Australia. (2012). AASB 139 Financial 7 instruments: recognition and measurement. Retrieved from http://www.charteredaccountants.com.au/Industry- Topics/Reporting/Australian-accounting-standards/Analysis-of-AASB- standards/AASB-139--Financial-instruments AASB 139 (IAS 39) in Australia – The main challenges for everyone else. (2006). Retrieved from http://ozrisk.net/2006/09/28/aasb-139-ias-39-in-australia- the-main-challenges-for-everyone-else/ Loftus, J. (2006). What do you get when you mix measurement methods and priciples? Accounting for financial instruments. Retrieved from http://business.curtin.edu.au/files/Loftus.pdf Qantas Group. (2010). Annual Report...
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...Accounting period: the annual reporting period (or fiscal year) Accounting priciples: are fundamentals theories, truths and propositions that serve as the foundation for financial accounting and reporting Accounting standards: establish the authoritative guidance on how companies should account for and report specific transactions events and arrangments in their financial statements Accrual accounting: measures the reports and economic effect of a companies transactions evente etc in the periods in which those effects occurred, even if the cash recipt and payment occured in a different period Accruals: when economic effects are recognized in the current period, even though the cash flows will occur in a later period they are reffered as accurals Business cycle: is the yearly period from the lowest sales through highest sales and back to lowest sales. Comparability: of accounting information helps identify and explain similarities and differences between two or more sets of economic facts Complete representation: provides users with full disclosure of all the information necessary to understand the information being reported, with all necessary facts, descriptions and explanations Conceptual framework: is a foundation of objectives, concepts, priniciples, and definition that leads to high quality financial accounting standards and the appropriate application in accounting practice. confirmatory value: if it provides feedback to confirm or correct prior prediction and expectations ...
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...Assignment Week 4 Code of Ethics Name Devry University Accounting 525 Veliota Drakopoulou, PhD 01/30/2016 Abstract The American Institute of Certified Public Accountants (AICPA) has made a Code of Professional Conduct that establish an ethical standard for public accountants in the US. The Generally Accepted Accounting Principles (US. GAAP) wants to collaborate with IFAC in order to resettle the principle accounting standards, but the rules and the ethics for professional and the financial reporting statements make a big difference. According to the article “It's Time for Principles-Based Accounting Ethics”, the American Institute of certified public accountants (AICPA) established standards that public accountants in the United States need to follow. The article argues for this code of conduct to be replaced with a code of ethics, which the authors believe to be superior to the rules-based standards currently in place, and attempts to present a solution by centering the AICPA code rules around different virtues such as objectivity, integrity, inquisitiveness, loyalty, and trustworthiness and analyzing the rules-based standards. This paper will argue whether the authors are correct in stating that a code of ethics should do more than establish minimum acceptable standards; describe the five cardinal virtues of professional accountants; differentiate between the rules-based and principles-based accounting standards; and finally compare and contrast the AICPA’s code...
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...ACCG330: Strategic Management Accounting LECTURE 12 CONTROL PROBLEMS AND PRACTICES IN MULTINATIONAL ORGANISATIONS ACCG330 Readings: Anthony & Govindarajan (2007, pp.678-696) ACCG330 Strategic Management Accounting Session 1, 2012 Learning Objectives 1. Describe management control problems and practices in multinational corporations. 2. Explain problems and issues associated with global organisations: i. Cultural differences and their impact on management controls. ii. Transfer pricing and related issues in multinational corporations. iii. Effects of exchange rates on multinational corporations and control system design issues. ACCG330 Strategic Management Accounting Session 1, 2012 1 Nature of Multinational Corporations (MNCs) • What is a Multinational Corporation? – A corporation that owns and operates production facilities in two or more countries. OR – A corporation with power to coordinate and control operations in two or more countries without owning them. • Typically have Headquarters in the country of origin • Build or acquire affiliates or subsidiaries in other countries (the host nation) ACCG330 Strategic Management Accounting Session 1, 2012 Basic Structures of MNCs • A number of basic structures exist that permit an MNC to operate and compete internationally – Structure must meet the need of both the local market and the home-office strategy of globalization – Basic structures of MNCs: • Domestic structure plus foreign subsidiary...
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...Table of Contents Introduction: 2 P1.1: Accounting in tourism or hospitality organization. 3 P1.2: Difference between financial and management accounting 3 P1.3: Difference between a sole trader, a partnership and a limited company 4 P1.5: Use of financial software in Tourism and Hospitality business 5 P1.6: Impact of changes in IT and internet on hotels and airlines 6 P2.1: Double-entry book-keeping 6 P2.2: Calculattion and account for VAT on purchases and Sales 7 P2.3: Cash receipts, cash payments and bank reconciliation 8 P3.1: How a trial balance is constructed 8 P3.2: Trial balance along with adjustments used to prepare fianl accounts 9 P4.1: Sources of finance available to a business 9 P4.2: Reasons and the process of budgetary control 10 P4.3: How to prepare a simple cash budget 11 Conclusion: 12 References…………………………………………………………………………………………………………………………………………….13 Introduction: Business organizations face intense competition in today’s global business world. Tourism and hospitality are very large industry. A lot business organization is competing for their success in tourism and hospitality industry. The success of business organizations depends mostly on managerial decision making. However managers cannot make proper decisions if there is no information available. Financial information is the most important information for all kinds of business organizations. Without proper...
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...Consequentialists’ theory: Many philosophers believe that the rightness and the wrongness of any action are determined from its consequences and people who hold this view is known as consequentialist. Consequentialism is general approach to ethical dilemmas which inquire about the consequences to relevant people of making a particular decision. So basically consequentialism word itself suggests that it is an ethical approach which “depends on the consequences”. This view is also sometimes referred to as teleology (from the Greek word telos which means goal). Ethics is a branch of Philosophy that examines ethical concepts and issues. It inquiries into such things as goodness, right action, and moral responsibility. It answers the question, “What do I do?" It is the study of right and wrong in human endeavours. At a more fundamental level, it is the method by which we categorize our values and pursue them. Do we pursue our own happiness, or do we sacrifice ourselves to a greater cause? A proper foundation of ethics requires a standard of value to which all goals and actions can be compared to. Consequentialism, as its name suggests, is the view that normative properties depend only on consequences. This general approach can be applied at different levels to different normative properties of different kinds of things, but the most prominent example is consequentialism about the moral rightness of acts, which holds that whether an act is morally right depends only on the consequences...
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...investors and creditors to compare the financial statements of companies in different countries. Therefore, a standardised accounting standard should be introduced and follow by the companies all around the world in recording their financial statements in order to facilitate the investors in doing their business. International Financial Reporting Standards (IFRS) and US generally accepted accounting principles (GAAP) are two main accounting principles that is widely used in the majority of the companies. However, there will be still conflict in the interpreting and understanding each other financial statements due to these two different approaches. Therefore, to overcome this problem, International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) are working on it by taking the necessary steps as time passes to close down the gap and standardised the accounting principles globally making it easier for all parties. (157 words) 1.0 Introduction In the world of globalization, a number of countries had been experiencing the convergence of their local GAAP and IFRS in order to apply the international accounting standard to suit the growing business world. This does not left out the people of the United States who are also trying to converge the accounting standards of US GAAP and IFRS in order to close down the gap between the accounting standards. FASB and IASB are the main international bodies assisting the Securities and Exchange Commission (SEC) to...
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...RMIT International University Vietnam Bachelor of Business (Accountancy) Assignment Cover Page | Subject Code: |ACCT2163 | | | | |Subject Name: |Accounting Theory | | | | |Location & Campus (SGS or HN) where you study: |RMIT Vietnam | |Title of Assignment: |Individual assignment | | | | |Student name: |Pham Thanh Huong | |Student Number: |S3275153 | | | | |Teachers Name: ...
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...Small Business Management | | | | Table of Contents Question 1: 3 Full Absorption Costing: 3 Direct Costing: 3 Question 4: 6 ACCION USA Small Business Loans: 7 Mississippi Capital Access Loan Program 7 Ohio Mini-Loan Guarantee Program 8 Iowa Target Small Business Assistance Program: 9 Montana Indian Equity Fund: 9 Question 3: 9 Bibliography 12 Question 1: In the field of accounting, there are two different ways of allocating production and other costs to products and services. Full Absorption Costing: It is a managerial accounting cost method of expensing all the costs to products and services. Under this approach, products and services are charged with all the prime costs as well as fixed overheads. All the fixed manufacturing overheads are divided amongst products and services based on number of units of products produced, number of units of labor used or amount of administrative expenses incurred on respective products/services. Generally Accepted Accounting Principles (GAAP) requires it for external reporting purposes. It helps in calculation of taxes and generating sales reports. It is an important technique to determine whether retail prices of a company reflect its full absorption costs. It is also important for such companies, which do not have deep pockets, and allocating all the overhead costs on products/services is extremely necessary to determine cost of their products. Direct Costing: It is a technique more suitable for internal...
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...Introduction The manager of a small mobile wireless network has hired a consulting group to field concerns about expanding his network in the interests of his employer who wants to offer a more reliable service experience and offer more up-to-date multimedia services. These inquiries are in an effort to reduce network quality of service issues and system availability to his conventional subscribers. To combat these performance fluctuations, the management of the system engages in a philosophy of over provisioning the network for compensation. These efforts are intended to corral user loyalty by providing service with enhanced quality and a better multi-featured experience for his customers and to migrate future subscribers to his already established customer base. Problem Statement The mobile wireless organization has been trying to increase its subscriber base by offering multi-feature data services such as Internet access, e-mail access, music and video streaming and also video conferencing. The network, however, has been plagued by simple voice communication issues such as dropped calls and network availability. When calls can be completed they are often hampered by quality of service issues that make the calls unintelligible. The purpose of the consultation is to rectify these voice quality issues by determining if they stem from network capacity and data transmission problems or if there exists a condition where there is improper coverage to service his well-established...
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...SOLOMON SMART KALUBA ID: UB28902SPU37458 PUBLIC HEALTH ASSIGNMENT: DEFINATION OF EPIDEMIOLOGY, ITS USE AND EXAMPLES OF SUCCESS DATE OF SUBMISSION: 5/02/2014. ANTLANTIC INTERNATIONAL UNIVERSITY HONOLULU, HAWAII Contents Introduction 2 The Historical Context 2 Recent developments in Epidemiology 2 Definition, scope and use of epidemiology 4 Distribution 5 Determinants 5 Health- related states or events 6 Specified populations 6 Application 7 Scope 7 Epidemiology versus Public Health 7 Causation of diseases 8 Achievements in Epidemiology 9 Small pox 9 Methyl Mercury Poisoning 10 Rheumatic Fever and Rheumatic Heart Disease 11 Iodine Deficiency Disease 11 Tobacco use, Asbestos and Lung Cancer 12 Hip Fractures 12 HIV/AIDS 13 Global AIDS epidemic 1990–2003 13 SARS 14 Conclusion 15 Bibliography 16 Introduction This essay provides a brief summary of what epidemiology is, what it is used for and discusses the major successes epidemiologist have contributed towards control and eradication of major epidemics. The discussion will also touch on the historical context and development of the emergency of epidemiology as a science and art, and give example of some of the people that greatly contributed to the achievement scored in epidemiology studies and applications. The Historical Context Epidemiology originated from the Hippocrates` observation more than 200 years ago who identified environmental factors to have an influence...
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...Transcendental Philosophy One needs specific initiation into the classics of transcendental philosophy (Kant’s "Criticism," Descartes’s "Metaphysics," and Fichte’s "Doctrine of Science") because all say farewell to the common sense view of things. The three types of transcendental thinking converge in conceiving rational autonomy as the ultimate ground for justification. Correspondingly, the philosophical pedagogy of all three thinkers is focused on how to seize and make that very autonomy (or active self-determination) intellectually and existentially available. In the concrete way of proceeding, however, the three models diverge. Descartes expects one to become master of oneself and "the world" by methodologically suspending his judgement on what cannot qualify itself to be undoubtable. Kant leads us to the point where we can triangulate universal conditions of the possibility of knowledge through individually acquiring the competence to judge the legitimacy of encountered propositional claims. Finally, Fichte confronts us with the idea of the identity of self-consciousness and objectivity. (1) Transcending ordinary life and experience to a somewhat higher being is surely not the scope of transcendental philosophy. What the revolutionary achievements of Descartes, Kant, and Fichte have generically in common is to account for the legitimacy of our knowledge claims or, in other words, for the possibility of autonomy. The business of that kind of philosophy is to rationally...
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...COST/BENEFIT ANALYSIS – A TOOL TO IMPROVE RECRUITMENT, SELECTION AND EMPLOYMENT IN ORGANIZATIONS Lecturer PhD Nicoleta Valentina FLOREA Valahia University of Târgovişte, Romania Email: floreanicol@yahoo.com Abstract: Human resource is a major source for organization to obtain competitive advantage and can be very important in obtaining long-term performance. The limits of recruitment process are the cost, the choice made, time and legislation. Any organization looks for minimizing the human resources recruitment, selection and employment costs. This article presents the importance of cost in choosing the best practices of recruitment, selection, employment and integration of new employees in the organization, though, the cost is an important variable for analysis. In this article is presented the research made in large organizations from Dambovita County, Romania, and are also presented the costs and their consequences on medium and longterm over the organization activities These activities are discrimination, sexual harassment, ethics, low performance and results, by choosing the “wrong” people, and implicitly diminishing the level of qualifications, knowledge and abilities, by growing the absenteeism, the direct and indirect costs of these processes and the direct consequences over the time management. Key words: Cost/benefit analysis, Human resources recruitment, Selection, Employment, Efficiency, large organizations. 1. Introduction Human factor...
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