Integrity: A professional accountant should be honest and straightforward in all of his business and professional relationships Objectivity: in order to override business and professional judgments, a professional accountant must not allow bias, conflict of interests and undue influence of others. Professional Competence and Due Care: while providing professional services, a professional accountant should act diligently and in accordance with application professional and accounting standards…
maturity and understanding. Gholami and Tirri said that, "... accounting ethics is regarded as a difficult topic to teach and some even believe that ethical competence cannot be taught after the age of five.” In the world full of change, future accountants need to adopt in the mainstream. Next factor is responsibility which pertains to the students, being responsible enough to their duties. "CPAs know…
referring to demanding respect from an individual, gaining ethnic dominance, instigation to violence, or even females being used as objects. Set in a variety of cloistered settings, “Bitch Better Have My Money” tells a sequenced story about how an accountant owes…
What is Sears’ management trying to achieve through decisions with respect to financial reporting for uncollectible accounts? Management’s objective was to find alternatives to better manage the way credit card charges were collected. The new system that was being used allowed the company to charge off customers’ accounts that neglected to make a payment within eight billing cycles. The intention of the new system was to assist the company in better managing their collection efforts giving them…
1. The Role of the Chief Executive Officer (CEO) and Chairman a) Compare and contrast the position of the US and UK rules/codes of Corporate Governance relating to the roles of CEO and Chairman. (10%) In the U.S., corporate governance is determined predominantly by legislation in the form of the Sarbanes-Oxley Act of 2002 ("SOX") and detailed regulations which SOX required the Securities and Exchange Commission ("SEC"), New York Stock Exchange ("NYSE") and NASDAQ to draw up. In UK there is the…
This paper suggests that financial accounting thought is undergoing a revolution. As many scientific theories both describe and prescribe phenomena, so many accounting theories describe and prescribe financial phenomena. New ideas have been proposed and debated and new school of thoughts have been emerged. The priori research has been criticized in 1960 and regarded as having doubtful value. But it has been argued in the paper that priori research has helped in overthrowing existing ideas. If an…
freedoms of choice, but in some other countries they do not get the same freedoms as what we do. In the United States you can pursue any type of job or are interested in. If you want to be an accountant, you can be an accountant. If you decide that accounting isn’t for you, you can stop being an accountant and pursue becoming a teacher solely on your personal decision. In England they take a sort of IQ test and the kids with…
guts.I didn’t, I didn’t shy out for that reason, I stopped feeling the excitement when talking about it. I started looking into other professions, accounting and auditors caught my eye. I hope to become an accountant or auditor. I want to become an accountant because I love numbers. An accountant deals with a multiple of things, they range from keeping up financial books to advising what to do when it comes to financial…
concerned accountants and companies dealing in the international market. In the original FCPA, accountants were required to keep “reasonable detail” and “reasonable assurances”; however, the original act did not define what was to be considered reasonable, as its primary concern was to limit or eliminate any corrupt practices taking place by the front-line business people taking part in the actual bribery. Not only did the 1988 amendment more clearly define what was expected of accountants at…
subject impacted heavily on my degree choice. I feel that accounting and finance links business with a career as accountants work with businesses making it a great choice for me. The first time I experienced working in an accounting environment was when I took part in a discovery program with KPMG in July 2015. This program gave me a clearer understanding of what accountancy is and what accountants do. It was from this moment that I knew that accounting and finance was an interesting field in…