Abstract About ten years ago the concept of Extensible Business Reporting Language (XBRL) was conceived by Charles Hoffman, a CPA in the state of Washington, USA. Since then it has grown to become a global phenomenon. In 2009, the Securities Exchange Commission (SEC) mandated the implementation of financial statements in XBRL format. Since its implementation, XBRL benefits where to reduce cost, improve data accuracy, flexibility and increase transparency. The purpose of this paper is to give a brief
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International Business October 21st, 2013 Country Differences in Accounting Standard International Accounting Standard Board (IASB) is the standard agreed upon by the European Union for the financial reporting of all publicly traded companies on the European stock exchange (Hill, 2011). The United States currently uses the Generally Accepted Accounting Principles (GAAP), but has aligned some of its principles to those of the IASB (Ernst and Young, 2010). This paper will look at the benefit of adopting
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A company has responsibilities to the shareholders, but some companies also think they have a responsibility to be ethical. The organization’s culture is important to how that organization fits in society and it is vital it operates by some ethical principles. The responsibility project video that I will be discussing will be on Greyston Bakery. Greyston Bakery was founded in 1982 and provides local products that can sustain the community. The bakery is also a benefit corporation. “A Benefit Corporation
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PURPOSE: The purpose of the assignment is to identify the nature of ethical problems in modern business and how to convince the stockholders on the importance of stakeholder’s interests. As a product manager I am tasked to conduct a report regarding the market demand of coffee product in Maldives and this report is based on the product named Old Town Coffee which is produced by Malaysian company and our Company Ugo Investment Private Limited wants to market the product by naming the product and produce
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Employment Law Employment Law The following document will discuss personal employment experiences and issues. It will also share a personal view on employment conflicts, questions, grievances, lawsuits, etc. It will include the analysis of experienced employment situations and describe the possible legal actions taken in the resolution of them. Everything started in the earlier 1800s, this is when the United States became
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agriculture of the business. There are three main benefits of a business following the standards set out by the AASB. The first being that investors' interests are ensured as the financial reports that they review are guaranteed to be accurate and genuine. This grants investors an assurance that their money will eventually earn and will benefit them in the near future thus increasing their confidence in the business. Secondly, it prevents attempts of fraud within a company as the accounting
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bar-coding Business systems management in Aero Steel Mike Vargas Applied Business Research Project IS535 Managerial Applications of Information Technology- Session SEP08-Sec O Professor Alice Richmond Contents Abstract 3 Technology Improvement Paradigm 4 Company Data 6 Current Business Issues 7 Topic Research 8 Benefits and Recommendations
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globalization based on business ideas can be defined as the process of extending to other parts of the world to develop an increasingly integrated global economy by utilizing free trade, free flow of capital, and the tapping of cheaper foreign labor markets. Globalization can be good for business in that it makes operating in foreign markets more efficient. The term good can be defined as having profit, advantage or benefit. Therefore, globalization is good for business in that it benefits the organization
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approach to a localized strategy, under which multinational companies differentiate their product and adapt it to fit the unique needs of countries.Localization as defined by the business dictionary is where by a business operates in a number of countries, adjusts its products and practices in each at a high relative cost, with a committed operating presence in each markets of other nations. Standardization on the other hand is where by a company produces same or standardizes all the products its produces
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recessions in the stock market and real estate, inflation, undulating business cycles, climate conditions, attitudes towards employers, employee values, and a person’s ability to look for employment. We have thoroughly researched these causes and issues, and we promise to provide answers to you, and solutions that will help solve the unemployment problem. One solution we would implement involves unemployment benefits, which are meant to help those citizens who have been laid off. Unfortunately
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