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Generally Accepted Accounting Principles

Directors and officers are the representatives and intermediary officials between stakeholders and management of a company. Sarbanes-Oxley Act 2002 has awakened corporate governance for transparency and accountability and also in...
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Internationally Accounting Standards

We have to change the following entries as they appear in the Internationally Accounting Standards. We should make sure that all financial instruments should give a fair value in order...
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Management accounting business

1. Background Information The following hypothetical situation will be considered in order to illustrate the preparation of functional and master budgets. Maggie Lee has recently commenced the operations of a...
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History of Accounting

A person’s daily activities consist of making decisions, from personal, political, economic, or social nature. Often people rely on relevant information to make a decision. One pertinent information people deal...
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Unethical Behavior in Accounting

The Enron scandal in 2001 had a significant impact in regulating the accounting practice. The scandal is considered by many as the worst example of unethical accounting behavior in the...
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