(1) What is the point at which a legal agreement is said to have occurred? Intend to contract. (2) What is the difference between an enforceable, unenforceable, express and implied contract? Unenforceable Agreement occurs when the parties intend to form a valid bar-gain but a court declares that some rule of law prevents enforcing it. Voidable Contract Occurs when the law permits one party to terminate the agreement. Void Agreement is one that neither party can enforce, usually because the purpose
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The importance of business ethics in managerial accounting is embodied in these main components. A managerial account should be competent at their profession. The accountant must be aware important rules, regulations, and state and federal laws. This knowledge ensures the integrity of the organization is not jeopardized. The managerial account should be confidential about the financial matters of an organization. This confidential information should be utilized
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CONTENT AND SKILL SPECIFICATIONS FOR THE UNIFORM CPA EXAMINATION Approved by the Board of Examiners American Institute of Certified Public Accountants May 15, 2009 Effective Date: January 1, 2011 Board of Examiners Examinations Team American Institute of Certified Public Accountants Parkway Corporate Center 1230 Parkway Avenue, Suite 311 Ewing, NJ 08628-3018 COPYRIGHT © 2009 BY AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, INC. CONTENT SPECIFICATION OUTLINES (CSOs) The outline
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worked in the accounting department of Lynchberg Manufacturing. Daniels was recently asked to prepare a sales budget for the year 2011. He conducted a thorough analysis and came out with projected sales of 250,000 units of product. That represents a 25 percent increase over 2010. But after some time he found that he had made some mistake in his report. The report had indirect effect on the demand and sales of the product and also the hiring of the employees. He was in making a decision to tell his
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Executive Summaries The Accounting and Finance Area is one of the main parts of A Little Cup of Joe. Having A Little Cup of Joe accounting in top shape all year round will help the business function smoothly and provide grounds for sound and promising business decisions. By accomplishing this A Little Cup of Joe will hiring experience and ethical accounting team members. Each team member will adhere to A Little Cup of Joe’s code of ethics including Professional ethics and making sure the data provided
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a. What are the major arguments made in the first paper? The major arguments made by Professor Sandra Waddock is that business professions are mainly concerned with temporary financial performances and the growth of earnings at the expense of people, society, and natures resources. Thus, she recommends transforming business education curriculum to increase future business leader’s society responsibility, trust, and integrity. Accordingly, the five critical elements she suggest to significantly
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COURSE DESCRIPTION Provides a foundation in business operations through a survey of major business functions (management, production, marketing, finance and accounting, human resource management, and various support functions). Offers an overview of business organizations and the business environment, strategic planning, international business, and quality assurance. INSTRUCTIONAL MATERIALS Required Resources Kelly, M., McGowen, J., & Williams, C. (2014). BUSN (6th ed.). Mason, OH: South-Western
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Ethics and Moral Issues Judith Nelson University of Phoenix Professor Steve Fletcher January 10, 2011 What are the differences between ethical issues and moral issues? The difference between ethical issues and moral issues is that ethical issues are problems or circumstances which require a person or a business to make or choose between choices that must be assessed as right (ethical) or wrong (unethical). Moral issues on the other hand addresses private behavior based on strict
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Lowes Companies – Ethics and Compliance Ethics and compliance within a company’s financial environment is crucial to long term success as well as gaining investors’ and employees’ trust. When an organization demands ethical behavior from it entire workforce, compliance and adherence to various important standards is a much easier task to obtain. This type of environment creates better relationships with shareholders, employees and customers. This behavior also passes savings on to customers and
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a purposed business plan that will answer the questions of the individuals looking for answers to some questions regarding the operations of the business. This plan is designed to show a solid plan as to how the business will operate and how the accounting aspect of this business will be handled. The hope is that after reading this business plan the investor will have their questions answered in a way that will put them in a position where they will be willing to put up the capital for the start of
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