Lesson 1 Chapter 1 LIFA 1.1 WHAT IS ACCOUNTING? · Accounting- an information system that identifies, measures, records and communicates understandable, relevant, reliable, and comparable information about an organization’s economic activities. · Recordkeeping, or bookkeeping, is the recording of financial transactions, either manually or electronically, for the purpose of creating a reliable bank of data · Primary objective of accounting- to provide useful info for decision-making · Accounting
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------------------------------------------------- Computer Ethics Ethics is a set of moral principles that govern the behavior of a group or individual. Therefore, computer ethics is set of moral principles that regulate the use of computers. Some common issues of computer ethics include intellectual property rights (such as copyrighted electronic content), privacy concerns, and how computers affect society. For example, while it is easy to duplicate copyrighted electronic (or digital) content, computer ethics would suggest that it
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STR 581 Entire Course For more classes visit www.snaptutorial.com STR 581 Week 1 Individual Assignment Ethics Reflection Paper STR 581 Week 1 DQ 1 STR 581 Week 1 DQ 2 STR 581 Week 1 Knowledge Check STR 581 Week 2 Learning Team Activity (Innovation Strategy) STR 581 Week 2 Individual Assignment Research Proposal STR 581 Week 2 DQ 1 STR 581 Week 2 DQ 2 STR 581 Week 2 Knowledge Check STR 581 Week 3 Individual Assignment External and Internal Environmental Analysis STR 581 Week 3 Learning
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1. Identify the nuggets from the two-day sessions of Business Ethics class and explain how would you apply those nuggets in your work place. ANSWER: Nuggets from the lecture Ethics defined as the study of right or wrong and as broadly as the general inquiry into what is good. Ethics examines the right or wrong within the context of moral duty. Business ethics is a form of applied ethic in business activity that examines ethical principle and moral or ethical problem that may occurred on business
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to this case, there some issue that show the abuses of power by the management and breach of fiduciary on the part of the director. The issue are: 1. En.Zayed and Pn.Hashimah tried to negotiate with the Auditor to not qualify the Financial Statement. Base on this issue, under the statutory duty of company act, section 181(1), Duty to Act in Good Faith. ‘A director of the corporation must exercise their powers and discharge their duties. Section 181(1)(a) In the good faith in the best interests
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is to provide useful information to capital providers, which are also known as the shareholders and investors. At WorldCom, the managers not only failed to provide useful information to the investors, but the fraud they created in their financial statements lead to misjudgment for a lot of the capital providers. The actions of accrual releases that the managers performed completely ignored the objective of financial reporting that describes the uncertainty of prospective cash flows. As for the expense
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Abstract This paper is on the based on ethical issues in financial accounting, I picked this subject because I believe that having good morals and ethics is the mainstay of life in general, But in finance and accounting it is very important to have this to be successful in business, which is based on personal, professional and corporate issues that will arise in day to day operation. Introduction Accounting is the profession of Analyzing, collection, recording and posting financial
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Write a short essay on Druids and similar priests in Europe B.C. In this essay I will compare the druids, so the Celtic religion to the Greek ancient religion. There are similarities but most of the items are differences. Druids were the priests of the Celtic tribe. They had great power because of their spread of belief and for the role they had in the society. First of all, they could go over a ruler. So the druids were acting like judges, advisers, doctors but also as magicians or poets. Druids
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VALUES AND ETHICS INTRODUCTION Values and ethics are central to any organization; those operating in the national security arena are no exception. What exactly do we mean by values and ethics? Both are extremely broad terms, and we need to focus in on the aspects most relevant for strategic leaders and decision makers. What we will first discuss is the distinctive nature of ethics for public officials; second, the forces which influence the ethical behavior of individuals in organizations;
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George for his plans on continuing the company for over a year. The plans must be shared in the form of a financial statement and assuming the plans are adequate, Mark can provide feedback through notes on the mitigating factors. If the disclosed information does not meet the criteria Mark was looking for then he should ask George to provide notes on the shared financial statements, which identify the doubts that he has in particular about the going concern assumption. Assuming the disclosures are
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