Bureaucratic systems are orderly and made up of governing action, laws, and orders that hold back individuals such as the patron – client systems from making judgments’ without official consent. According to WeeKoh (2009) this is what is known as the red tape rule where formal documentations processed by administration before any significance can be made p. one The patron – client system associates are allowed to get external means, connections, and manage tasks without acceptance but the tasks has to be helpful to the system. Moreover, individuals associated in the bureaucratic system fault
Due to the business having such high risk liabilities it needs to be an entity in and of itself which is what this type of incorporation will allow. The process is quite simple to be incorporated; the proper paper work must be filled with the secretary of state where the business is established. When a business is incorporated as a C-corporation it becomes an entity of itself and no longer is financially tied to the owner/s. The client was very concerned about the many liabilities that the company could possibly face. As a C-corporation the business, not the owner, would be held liable for any financial damages.
Include an abstract. A running head is optional. Analyze reporting requirements for private sector, not-for-profit organizations under Financial Accounting Standard Board guidance. Compare and contrast accounting practices between the two different assignments. ACC 548 Week 5 Learning Team Assignment Reporting Requirements M to purchase http://allmysolution.com/ACC-548_c119.htm Product Description One issue in accounting is the qualifications of an accountant when working for a client.
WGU AFT2 RAFT2 (Accreditation Audit) MBA Graduate Programe – All 4 Tasks To Purchase Click The Link Below http://www.hwprofile.com/?p=94 For Any Information Contact Us At WHISPERHILLS@GMAIL.COM AFT2 Accreditation Audit Task 1 1. The purpose of this executive summary is to outline the current status of compliance of the organization for the priority focus area of communication, namely the standard UP.01.01.01 which is named the “Conduct a Pre-procedure Verification Process” as noted by the Joint Commission standards. A.2. The primary area of focus I chose to review was the communication aspect. I feel that communication is vital in any business, especially health care.
A good accountant from a utilitarian perspective would assess how the organization is creating and maximizing utility. Utility can be defined in many ways but a concise description is utility is the happiness added by a certain activity. This utility would be assessed all by values as utilitarians try to attach value created to every decision they make. Non-financial information is not important for good accountants to worry about, only financial information that is important for societal value. As long as the organization is maximizing the utility with the decisions they make, the good utilitarian accountant should not worry themselves with the moral implications of the decisions they made.
E2-1 (a) Accounting rule-making that relies on a body of concepts will result in useful and consistent pronouncements. TRUE (b) General-purpose financial reports are most useful to company insiders in making strategic business decisions. FALSE. General-purpose financial reporting helps users who lack the ability to demand all the financial information they need from an entity and therefore must rely, at least partly, on the information provided in financial reports. However, an implicit assumption is that users need reasonable knowledge of business and financial accounting matters to understand the information contained in financial statements.
Rights theory, not astonishingly, thinks about with the means of rights, as well as basic human rights and property rights. One argument in rights theory is that property rights mustn't override human rights. From a CSR perspective, this may mean that whereas shareholders of a company have bound property rights, this doesn't provide them license to override the fundamental human rights of staff, area people members, and alternative stakeholders. O Deontological theory. Deontological theory deals with the idea that everybody, as well as company managers, incorporates an ethical duty to treat everybody else with respect, as well as listening and considering their wants.
Business is even viewed by some as being the vehicle for contributions to worthy causes. Yet business should stay away from negative impacts such as discrimination etc. He suggests the premise that business is for profit and the provision of goods and services. Profit is the only ethic responsibility for business according to Milton Friedman. Camenisch’s view is that the goods and services are the center of the business ethics for they promote the profit.
This act however, would be illegal and would also be negligent of his professional duties. Step 3: What are the norms, principles and values related to the case? The norms, principles and values, which are present within this case, are that Josh, as a business owner, is assumed to have impeccable integrity and to assure that the company is providing a ‘true and fair view’ of its financial situation at that present time. The truth and fairness of the company’s financial report and as a result the integrity of the business, Josh as the financial controller and the company are principles in conflict with the banks desire for Lords & Ladies Boutique to maintain a minimum current ratio of 1.50 which may mean deliberately misclassifying revenue earned by the
The economic system is thought by some to be value –free. They may not be immoral, but they are amoral that is not concerned with morals. Moralizing is out of place in business. Indeed, even good acts are to be praised not in moral terms but only in the cost/benefit language of “good business”. The myth of amoral business has a corollary that makes ethical paralysis almost inevitable.