Necessity Differentiate between a positive and normative accounting theory * Positive Theory seeks to explain and predict particular phenomena * Focuses on relationships between various individuals and how accounting is used to assist in the functioning of these relationships * Normative Theory prescribe how a particular practice should be undertaken Identify the origins of Positive Accounting Theory (PAT) * Assumption: All individual action is driven by self-interest
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tools 6. Enumerations were according to work produces. 7. Dictatorship was necessary because humans are lazy in nature and the scientific management required strict supervision 8. Scientific theory ensured efficiency and minimized waste. Applications of the scientific theory in Education Management 1. Members of staff, teaching and non- teaching, should know the aims and objectives of the school. With well-defined aims and objectives, better performance is expected and accountability
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199). Regardless of the technique used, flirting aims to fulfill one purpose: stimulate sexual interest. Knowing and understanding the different theories of relationship development will give a deeper understanding of interpersonal communications. Theory helps explain and predict behavior and understanding the factors (Alberts 191). Attraction theory explains the three primary forces that draw people together to form a relationship. It explains that people like and are attached to others who are
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FORMULATION OF ACCOUNTING THEORY: PURPOSE AND APPROACHES A TERM PAPER (2) ON ADVANCED ACCOUNTING THEORY (ACC 821) PRESENTED BY EKERIA, Victor IKYUME, Chiahemba James OGBOLE, Philip Osemudiamen SUBMITTED TO PROFESSOR A.E. OKOYE DEPARTMENT OF ACCOUNTING COLLEGE OF BUSINESS AND MANAGEMEN SUDIES IGBINEDION UNIVERSITY, OKADA MARCH, 2015 Abstract As tasks of accounting became more difficult and focus shifted to users’ needs, a theory became necessary. Existence of a need for information for decision
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I. Situation Analysis This case is about a problem identification and solution of the Millennium Insurance Company. It’s a mid-sized insurance company with 10,000 employees and about 1.8 million customers. It offers various lines of insurance. For example: life, property and casualty and health. The biggest ratio of the revenue is generated by selling insurances and as well from a substantial mortgage business. The company is performing well, but there some problems in the IT-department. Many employees
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TOPIC: ANALYSIS OF EQUITY SHARE CAPITAL AS A SOURCE OF FINANCE IN AN ORGANISATION RESEARCH PAPERS The 2 research papers under study are 1. The effect of CEO ownership and shareholder rights on cost of equity share capital. 2. What motivates seasoned equity offerings? Evidence from the use of issue proceeds. COST OF EQUITY CAPITAL AND ITS EFFECTS TO THE MANAGEMENT Introduction This paper investigates the cost of equity capital and its effects to the management which intends to hinder
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Security Exchange Commission (SEC) mandates internal controls for publically traded companies while hedge funds and other private equity funds are exempts from the regulations that other investment vehicles face. Although better internal controls should decrease the likehood of fraud and the manipulation of reported performance, not all business that operate using private equity funds are likely to invest in internal controls because they are costly. Regardless of the cost, management is responsible
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Leveraged Buyouts A leveraged buyout or LBO is a restructuring strategy whereby a party, typically a private equity firm, buys all of a firm’s assets in order to take the firm private. ( Hitt, Ireland & Hoskisson, p. 207) A leveraged buyout also prevents the company’s stock from being publicly traded. In 2006, HCA quickly agreed to a $21 billion leveraged buyout from several private equity firms, including Bain Capital, Kohlberg Kravis Roberts & Co., and Merrill Lynch. The deal also included the
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DuPont Performance Coatings Case By Jake Greenstein and Andrew Rubenstein October 28, 2015 Introduction In January 2012, Ellen Kullman, CEO and chairman of DuPont, had to decide on the future of DuPont Performance Coatings (“DPC”), a division of DuPont that produced paint for the auto and trucking industries. From the beginning of Kullman’s term as CEO in January 2009, she sought to transition the Company from an economically struggling commodity chemical business (with a 2009 stock price below
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