Document Abstract This document is a proposal to develop a Continuing Care Retirement Community – a kind of senior housing retirement living center – on one (1) contiguous parcel of land located in a northeastern suburb of Houston, Texas by BGG Development, LLC – a Texas Limited Liability Company engaged in the development, capitalization, marketing and operations of senior housing facilities in Texas. BGG Development, LLC’s management has assessed the initial opportunity and believes the total
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professional life within the accounting vocation. In 1971 the board of directors of the American Institute of Certified Public Accountants (AICPA) appointed two committees: the wheat and the trueblood committee. The purpose of the wheat committee was to study how financial accounting principles should be established. The purpose of the trueblood was to determine the objectives of financial statements (Schroeder, Clark, & Cathey, 2011). In 1972 the wheat committee recommended to abolish the Accounting
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Instructor: Stephen B. Bates MBA, CPA, CGMA Office: Aquinas Hall, Rm. 17 Office Hours: T (1:30-4:30 p.m.)NE / TH (1:00-2:30 p.m.)WH Telephone: (267) 341-3522 E-mail: sbates@holyfamily.edu Catalog Course Description Preparation and interpretation of complex accounting statements, in particular assets using contemporary reporting techniques. Study of financial statements as well as in-depth analysis of the individual components of statements
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the copyright owner. All rights reserved PARCA V 3.5 Page 1 PARCA CPAS2014 Requirements Certified PACS Associate (CPAS) requirements This document contains the detailed requirements for the certification of a CPAS2014 or Certified PACS Associate. The focus is on general technical and clinical understanding. CPAS2014 is an update to the original CPAS requirements published in 2005 to include new technologies and developments. The requirements are split up in two sections: A) Technical
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Exxon Valdez Case Study Executive summary The ethical issues faced by management of corporations, and Exxon in particular, originate from the objective of cost cutting with the purpose of profit maximization. As was seen in Exxon’s case, where the disaster could have been prevented if the proper mechanisms and equipment were put in place. Conflict of interest is also a major ethical problem faced by management as well as employees in corporations, as human beings
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trigger a risk that could weaken the outcome of the audit which in turn impairs the auditor independence. Hence, independence is fundamental to the purpose served by auditors (Moore et al., 2002). This study is limited to only four variables as to keep the task manageable. Prior years, various studies are being carried out by scholars in examining the effect and significance of the concerns. For instance, Abu Bakar, Abdul Rahman, and Abdul Rashid (2005) studied the factors that influence auditor independence
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behalf; they delegate authority to a board of directors, who in turn delegate authority to the officers of the corporation. In this report we will discuss the formation and types of agencies with a detail analysis of the evident problems between principal-agent relationships. Moreover, a comparative study between Virginia and Pakistan has been done as to what similarities of duties of an agency are pertaining. Lastly, we will propose some recommendations or procedure that can help the agencies work diligently
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for his CPA examination, Dan had rigorously studied the code of ethics of the American Institute of Certified Public Accountants (AICPA) and had thoroughly familiarized himself with his profession's guidelines for morality. He was aware of ethical situations which might pose practical problems, such as maintaining independence from the client or bearing the responsibility for reporting a client's unlawful or unreasonably misleading activities and he knew the channels through which a CPA was expected
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CHAPTER ONE 1. INTRODUCTION 1.1 BACKGROUND TO THE STUDY The advancement of technology and its effects on information systems in organizations have been of major concern to the industrialists, investors and the general public in the recent times. Electronic technology has replaced the traditional methods of keeping records. The financial institutions (including banks) in most part of the world now embrace electronic technology through the use of Electronic Funds Transfer facilities (EFT)
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contemplating the importance of non-GAAP (Generally Accepted Accounting Principles) earnings to the ‘‘Street.’’ Based on the facts of an actual company and utilizing the financial information drawn from this company’s 10-K and Earnings Release, this case introduces students to the strengths and weaknesses of GAAP and non-GAAP earnings measures, and why the Street might be more interested in cash and recurring earnings in attempting to predict movements in stock price. It also provides the instructor
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