CHAPTER 1 Financial Accounting and Accounting Standards ASSIGNMENT CLASSIFICATION TABLE Topics 1. 2. 3. Subject matter of accounting. Environment of accounting. Role of principles, objectives, standards, and accounting theory. Historical development of accounting standards. Authoritative pronouncements and standards-setting bodies. Questions 1 2, 3, 4 5, 6, 7, 8 Cases 1 3, 4 2, 4 4. 8, 9, 10, 11, 12 5, 17 5. 13, 14, 15, 16, 17, 18, 19, 20, 21, 22 23, 24, 25, 26, 27 28 29 6, 7
Words: 11425 - Pages: 46
Summary Nick O’Brian is a recent college graduate. He began working in the accounting department at his aunt’s software company, O’Brian Software. Nick is going over the financial statements when he recognizes some questionable revenue recognition issues. Nick proceeds to address his concerns with the chief financial officer of the company, Lee Marchetti. Lee explains to Nick how revenue recognition is broken down and that a lot of information and judgment is involved. It is also pointed out that
Words: 8540 - Pages: 35
A500 Accounting Ethics—Introduction Lecture Outline * Two Preliminary Questions: 1. Why is ethics taught in accounting, business, and tax schools? 2. Should ethics be taught in accounting, business, and tax schools? I. Why teach it?: * Because of these guys and others like them: Kenneth Lay, Founder Jeffrey Skilling, CEO B.A. and M.A. in economics from the University
Words: 5364 - Pages: 22
ideology, which is being injected into the corporate psyche with a standard demand from stakeholders. In this report, I will show through a number of company views that the rules of the game has changed not just through regulation but expectable social views. 2. Body: Corporate Social Responsibility Within Australia there are federal based reporting system for accounting and it is an evolving regulations the bring standard and the ability to compare companies for investors and other interested
Words: 2112 - Pages: 9
and Auditing Master Thesis, 15 ECTS Spring 2014 The evolution of CSR Reporting in the Banking Sector of Greece An analysis of specific characteristics of CSR Reporting Author Papakostopoulos, Georgios Supervisors Jonnergård, Karin Loft, Anne 2014-10-20 1 2 Abstract Title The evolution of CSR Reporting in the Banking Sector of Greece An analysis of specific characteristics of CSR Reporting. Seminar Date 2014-06-02 Course BUSN69, Degree Project – Accounting
Words: 24865 - Pages: 100
AUDITING AND THE PUBLIC ACCOUNTING PROFESSION AUDITING AND ASSURANCE SERVICES DEFINED Auditing plays a vital role in business, goverment, and our economy. As a vocation, auditing offers the opportunity for challenging and rewarding careers in public accounting, industry and goverment. Many auditors develop a client based with a concentration in one or more key industries. As a result of serving many client in similar industries, few individuals understand the key competitiveness factors for
Words: 2797 - Pages: 12
1183 www.bsl.org.au the HUB of responsible business practice in Australia is a project of St James Ethics Centre © St James Ethics Centre 2 Contents Acknowledgments Summary Introduction Key findings The way forward Recommendations Introduction Brotherhood of St Laurence Gorman Industries Understanding the clothing industry Corporate responsibility and “sustainability” Developing tools for responsible business practice Roadmap methodology How we went about it Who we spoke
Words: 23230 - Pages: 93
American Red Cross (ARC) Coby Turner Dr. Matthew D. Gonzalez HRM 522 October 23, 2011 1. Determine the impact of this event on ARC’s “benefits of business ethics” (employee commitment, investor loyalty, customer satisfaction, and bottom line). There was a huge impact on The American Red Cross’s benefits of business ethics concluding all the events that took place in New York, September 11, 2001 and the 2005 Hurricane Katrina that devastated New Orleans. Not only did ARC fail to perform
Words: 1639 - Pages: 7
Assignment 3: Agency’s Laws and Ethics of Hiring a Diverse Workforce Rodney Freeman Strayer University PAD 530: Public Personnel Management Professor: Danette O’Neal November 21, 2014 In this assignment, I will be continuing my consulting for the Office of Population Affairs. My continuation of writing will analyze at least (2) laws or court decision that has implications of the agency’s personnel management. I
Words: 1763 - Pages: 8
Oversight Board (United States) standards. Those standards require that the entity should do planning and should perform the audit in order to obtain reasonable assurance about whether the financial statements of the entity are free of any material misstatement or not. Yes, the internal audit function has a charter. It helps the Board in overseeing the various functions-
Words: 611 - Pages: 3
