...Ulzii Accounting malpractice Recently, the question of liability has become more prevalent in the practice of public accounting. Generally accepted accounting principles remain a set of standards and procedures that are governed within the accounting industry. Additionally, the American Institute of CPA’s code of professional conduct demands all financial statements in accord with GAAP (cheese man. 2015). Accountants’ performances reflect the company’s financial situations and the role of an accountant is to provide information to the company regarding the finances of the company. Accountants are held accountable for every financial statement within the company If something goes wrong with the financial statements, the possibilities of a major disaster can occur because of the unethical practice of accounting. In order to prevent the problem, accountants should use some programs that provide many advantages to keep numbers real and to prevent errors or unethical practices. The company can use methods that could be used are random audits and inspections quarter or semiannually. If the problem is discover on time, the company could be saved, but if the problem persists, the company could end up in bankruptcy or in a big law suit case. Finances are very serious and need to be carefully revised. Everything related to finances need to be done by the book. Accountants are truly held accountable if something goes wrong with numbers, especially if there are inconsistencies with...
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...The media’s watching Vault! Here’s a sampling of our coverage. “Vault has become the go-to source for career preparation.” - Crain’s New York Business “The best place on the web to prepare for a job search.” - Fortune “Vault is indispensable for locating insider information.” - Metropolitan Corporate Counsel “[Vault guides] are an INVALUABLE CliffsNotes to prepare for interviews.” - Women Lawyers Journal “For those hoping to climb the ladder of success, [Vault’s] insights are priceless.” - Money magazine “To get the unvarnished scoop, check out Vault.” - Smart Money Magazine “[Vault guides] make for excellent starting points for job hunters and should be purchased by academic libraries for their career sections [and] university career centers.” - Library Journal Customized for: fugui Family (ffugui@gmail.com) University of California, Irvine Online Career Library Customized for: fugui Family (ffugui@gmail.com) University of California, Irvine Online Career Library s f b t= c o l j= qe b= ql mW= ^ a s f ` b= c o l j cfk^k`b Customized for: fugui Family (ffugui@gmail.com) University of California, Irvine Online Career Library molcbppflk^ip cáå~åÅÉ= mêçÑÉëëáçå~äë © 2008 Vault.com Inc. Customized for: fugui Family (ffugui@gmail.com) University of California, Irvine Online Career Library s f b t= c o l j= qe b= ql mW= ^ a s f ` b= c o l j cfk^k`b Customized for: fugui Family (ffugui@gmail.com) University of California, Irvine Online Career Library ...
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...Anthropological and Accounting Knowledge in Islamic Banking and Finance: Rethinking Critical Accounts Author(s): Bill Maurer Reviewed work(s): Source: The Journal of the Royal Anthropological Institute, Vol. 8, No. 4 (Dec., 2002), pp. 645667 Published by: Royal Anthropological Institute of Great Britain and Ireland Stable URL: http://www.jstor.org/stable/3134937 . Accessed: 27/02/2012 02:27 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. Royal Anthropological Institute of Great Britain and Ireland is collaborating with JSTOR to digitize, preserve and extend access to The Journal of the Royal Anthropological Institute. http://www.jstor.org ANTHROPOLOGICAL AND ACCOUNTING KNOWLEDGE IN ISLAMIC BANKING AND FINANCE: RETHINKING CRITICAL ACCOUNTS BILL MAURER Universityof Californiaat Irvine Accounting for accounting demands renewed attention to the knowledge practices of the accounting profession and anthropological analysis. Using data and theory from Islamic accountancy in Indonesia and the global network...
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...3. Islam and nature: insights for development of environmental accounting They have discussed on the centrality of the principle of Trusteeship (khilafah) to an Islamic environmental ethics that would implicate accounting. In Islam, the principle Trusteeship is mostly explain on the role of accountant or Muhtasib in Islam. Muhtasib are responsible to ensure that business is not harmful or cause any negative impact to the community. Besides, the Tawheed principle stressed on the concern to monitor, report and act upon changes in flora and fauna and ecological phenomenal. It assesses the impact of a business’s activity upon the eco-system to ensure that this is within target limit consistent with the measure. The concerns underscore the need for openness in law and policy-making governing accounting which mitigate some potentially corrupting influences on the process involved. It will counter tendencies towards cheating and creating false measure. Islamic community principles are suggestive of a system of informing and disclosing to the Umma that is explicitly orientated to the public interest (Istislah). In Islam, the financial economistic disclosure is highly relevant and should reflect amounts properly available for distribution: The calculation of Zakat requires in turn the calculation of net assets, to a full and relevant disclosure that is ‘balanced’ (between an optimistic overstatement and a pessimistic understatement) according to Lewis (2001, p.114). Accountant seek...
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...career where I can use my accounting skills combined with strong business background to help organization implement accounting to achieve their finance and business goals. I am a full time worker at Express Scripts Incorporation, Accounting Assistant II. Express Scripts offers a lot of opportunity for me to become successful and some day Executive Accounting Manager. I am very passionate about Accounting and how it can be successfully implemented and managed to help organizations become more efficient and effective. The accounting systems managers' requires a strong understanding of both finance and business practices to excel. I am currently pursuing a BA degree to acquire a broad range of essential business known ledges. I am also engaging in some self online learning courses outside the classroom and participating in couple of certificate programs to keep up with the cutting-edge accounting field offered by Express Scripts. Although I am very committed to undertaking professional trainings to fulfill my goals, the expensive cost of some online courses and certification programs holding me back from taking them. This scholarship will certainly strengthen my opportunity to take multiple accounting courses and certification programs which I was not able to pay for due to my financial burden. The scholarship can help me further my professional training and certification goals that I have set for myself and will in turn help me start a true career in accounting. This Scholarship can...
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...career where I can use my accounting skills combined with strong business background to help organization implement accounting to achieve their finance and business goals. I am a full time worker at Express Scripts Incorporation, Accounting Assistant II. Express Scripts offers a lot of opportunity for me to become successful and some day Executive Accounting Manager. I am very passionate about Accounting and how it can be successfully implemented and managed to help organizations become more efficient and effective. The accounting systems managers' requires a strong understanding of both finance and business practices to excel. I am currently pursuing a BA degree to acquire a broad range of essential business known ledges. I am also engaging in some self online learning courses outside the classroom and participating in couple of certificate programs to keep up with the cutting-edge accounting field offered by Express Scripts. Although I am very committed to undertaking professional trainings to fulfill my goals, the expensive cost of some online courses and certification programs holding me back from taking them. This scholarship will certainly strengthen my opportunity to take multiple accounting courses and certification programs which I was not able to pay for due to my financial burden. The scholarship can help me further my professional training and certification goals that I have set for myself and will in turn help me start a true career in accounting. This Scholarship can...
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...Behavioral Finance By Albert Phung http://www.investopedia.com/university/behavioral_finance/default.asp Thank-you very much for downloading the printable version of this tutorial. As always, we welcome any feedback or suggestions. http://www.investopedia.com/contact.aspx Table of Contents 1) Behavioral Finance: Introduction 2) Behavioral Finance: Background 3) Behavioral Finance: Anomalies 4) Behavioral Finance: Key Concepts - Anchoring 5) Behavioral Finance: Key Concepts - Mental Accounting 6) Behavioral Finance: Key Concepts - Confirmation and Hindsight Bias 7) Behavioral Finance: Key Concepts - Gambler's Fallacy 8) Behavioral Finance: Key Concepts - Herd Behavior 9) Behavioral Finance: Key Concepts - Overconfidence 10) Behavioral Finance: Key Concepts - Overreactions and Availability Bias 11) Behavioral Finance: Key Concepts - Prospect Theory 12) Behavioral Finance: Conclusion Introduction According to conventional financial theory, the world and its participants are, for the most part, rational "wealth maximizers". However, there are many instances where emotion and psychology influence our decisions, causing us to behave in unpredictable or irrational ways. Behavioral finance is a relatively new field that seeks to combine behavioral and cognitive psychological theory with conventional economics and finance to provide explanations for why people make irrational financial decisions. By the end of this tutorial, we hope that you'll have a better understanding of some...
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...Corporation Accounting & Finance Department Plan Human Resources Department Plan Melanie Hanson Patrick Blessinger Bus3011 Spring 2014 Table of Contents 3. Executive Summary 4. Human Resources Description 4. Accounting and Finance Description 4. Human Resources Purpose Statement 4. Accounting and Finance Purpose Statement 5. Human Resources Goals and Activities 5. Accounting and Finance Goals and Activities 5. Management Goals and Activities 6. Human Resources Organizational Structure 6. Accounting and Finance Organizational Structure 6. Management Organizational Structure 7. Human Resources Interview 7. Accounting and Finance Interview 7. Management Interview 8. Human Resources Performance Standards 8. Accounting and Finance Performance Standards 8. Management Performance Standards 9. Conclusion 10. Accounting and Finance Organizational Chart 11. Human Resources Organizational Chart 12. Accounting and Finance Strategic Alignment Worksheet 15. Human Resources Strategic Alignment Worksheet Executive Summary The Atha Corporation is a company based on strong ethical standards and beliefs. In order to ensure these beliefs are enforced we have taken measures to revamp our company for the better. With the extra funds we have received from a partner, we will be able to expand our company to double the previous year’s sales. To do this we will need to make drastic changes in all departments, especially in Human Resources and Accounting and Finance. These...
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... Large companies need the attention of investors, creditors, and banks to continue to be profitable. The information that these entities receive is product of the generally accepted accounting principles (GAAP) that are practiced by companies to create and release their annual finances. The financial statements allow the outside entities to judge the economic health of the company and from this decide if investments and larger lines of credit are wise. In the United States the Security and Exchange Commission enforce the GAAP although it is not actual law. The GAAP can be broken down into three sections which are assumptions, principles, and constraints. There are four assumptions declare that’s the business is a "separate entity" from its expenses and personal expenses are kept separate. The assumptions also discuss the form of currently that will be used in financial reporting as well as time periods that will be recorded in said statements. There are basic principles that are cost, revenues, principle, and disclosure and these principles require that the business reports what money is spent when something is acquired, and when it is earned and documented. The statements must be matched to the reported revenue and all information to make decisions on the company's finances must be disclosed. Lastly there are four constraints: objectivity, materiality, consistency, and conservatism. The first constraint means that the information that is in the financial statements...
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...health care financial planning. There are many financial decisions made every day and depending on the accounting records and the different transactions that are occurring. Finance management is something that health care organizations need to pay close attention to. The priority of a heath care facility is to care for patients, but there still needs to be a profit so the company can keep caring for patients. For a business to satisfy patients and staff at the same time, finance management needs to be planned out. The organization needs to make sure that the assets, costs, and claims are monitored and never overlooked. Some of the decisions made will be in compliance to the organizations finical objectives but normally it is in compliance to the generally accepted accounting principles. GAAP. Generally accepted accounting principle to the GAAP are considered to be the main structure for the guidelines of financial accounting. The GAAP can also be considered an authority for all accounting standards. These accounting standards include standards such as the rules and regulations that the organization’s account has to follow when coping and summarizing the transactions while preparing the financial statements. Any third parties that might be involved with the reporting must trust that the information being given is without wrongdoing and dispute. The generally accepted accounting principles are guidelines that have been developed precisely to make sure that financial statements are...
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... | |Top of Form | |1. | |IT Has Changed Forever | | | |2. | |Can IT Be Managed Like Accounting? | | | |3. | |Taming the Beast | | | | ...
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...makes it much easier for employees so that they can get the job done. This takes out conflicts between individuals opinions towards the work they are working on. This will mean that no one can say anything about each other’s work and they can do the work in piece without any contribution from others unless it is wrong that needs to be improved told by the manager. Lines of control This means that if Coca Cola Company knows what they are doing and they can control the activities being done. The heads of Coca Cola set task to the senior managers then they do the same thing setting the task to the employees. The task is divided up in the different sector such as finance would do the finance task and marketing will do marketing task. This way everything can be controlled easier rather than one person doing it all which is impossible to do every sectors job in a large company like Coca Cola. Communication In Coca Cola the communication are set from the top to the bottom. The directors of Coca Cola will tell the managers what task have to be done then they will tell the employees what has to be done too, this can sometimes go wrong as the message is getting passed by a lot of people in the business. Sometime the communication is passed from bottom to top because if something goes wrong in the factory of Coca Cola the employees will have to inform their manger and this will get passed to different manager until it reach the top, then the problem will be sorted out. Coca Cola...
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...Generally Accepted Accounting Principles Debra Hilling HCS 571 January 24, 2011 Generally Accepted Accounting Principles Accounting departments are no longer the sole responsible parties for the financial management of a health care organization. Nurse managers, pharmacy directors, and department direction are often responsible for financial management. Accounting Concepts Financial management is the management of an organization’s finances. The goal of financial management is to maximize the wealth or profit of an organization and to achieve its other goals. Financial management includes accounting and finance. Accounting is the management of an organization’s financial information. Accounting includes financial and managerial accounting. Financial accounting is the compilation of retrospective information about an organization’s operation and the results of the operation. Managerial accounting provides insight and information that will improve decisions made by management. Finance includes an analysis of an organization’s acquisition and disposition of resources. Financial management has two goals: profitability and viability. Profitability has a tradeoff between an accepted level of risk and profits. An organization often take higher risks are taken when anticipating a higher rates of return (Finkler & Ward, 2006). Viability has a negative effect on profitability. Organizations with a greater liquidity have more safety, but having...
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...unethical practices is a form of manipulation on something or someone without their knowledge or permission. Unfortunately unethical behavior is very common in the social world but even more common in the business or professional setting. When it comes to a business or organization people find it hard to believe that unethical behavior is being committed, especially in an organization that is well known in the community. There are several reasons that can encourage unethical accounting practices or behavior in organizations, but the most common reason would most likely be money. Accountants are paid professionals that work for an organization or is hired outside the business to perform services such as: audit and assurance, consulting, deals, financial advising, tax accounting services, and so much more. These services are imperative for an organization to maintain good business accounting and good strategic planning of the business finances. Since individuals in the accounting profession have such a considerable amount of responsibility to companies and to the public, there has to be a level of confidence in the knowledge and the behavior of accountants. However, there are times when unethical behavior and practices are displayed in the accounting profession, particularly when the bookkeeper is working in favor of the business. This can promote fraudulent activities within the business that can result in the company losing finances, facing legal responsibility, possibly losing...
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.... I started business life in finance (at the Bank of England in London), and in those early days I did not give brands a second thought. My life was dominated by financial facts and figures. And for the first 10 years of my career, I believed that these metrics were essentially all that were needed to manage and run a successful business. This view survived my transition into management consulting—at least initially. But the more I worked on developing value-based business strategies for companies, the more I came to appreciate the need to expand beyond a purely financial approach. If (as management consultant Peter Drucker famously observed) the purpose of business is to create and keep a customer, then strategy necessarily involved understanding and catering to the functional and emotional needs of customers. MM July/August 2008 ❘ 21 EXECUTIVE Brand equity is a widely accepted concept—but its definition is frustratingly elusive. Here we’ll explore the different perspectives that marketing, finance, and accounting have on the topic— and how these can be reconciled. Doing so is important because of the critical role that brand briefing equity plays in the demonstration of marketing accountability. This article puts forward four arguments that marketers can use to show how brand equity is a critical measure for demonstrating marketing’s role in adding to business value. My desire to develop a systematic approach about how to do this led me into brand...
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