Financial Analysis Financial Accounting Standards Board

According to the conceptual frameworks used by both the Financial Accounting Standards Board and the International Financial Standards Board, one of the main reasons why companies prepare financial reports is to allow users of financial statements make decisions regarding the provision of resources to the firm (Financial Accounting Standards Board, 2010; International Financial Standards Board, 2010). These decisions relate to the buy, sell, or hold moves that investors make based on the information received from the company. Both conceptual frameworks also include credit investors as being interested in the company’s performance as reflected in the financial reports. Apart from proving information to investors on the company’s projected cash flows, financial statements also play the important role in enhancing stewardship responsibilities that rest with managers. These requirements have connotations of financial statements being relevant to the targeted audience. In ad dition, financial statements are expected to be reliable from the audience’s viewpoint. According to Ronen (2008), financial statements allow shareholders assess how well the company’s managers performed over the most recent period as compared to previous years and other companies within and outside the industry. This view is supported by the conceptual frameworks, which argue that companies provide general financial statements for the purposes of enabling shareholders and other interested parties assess theShow MoreRelatedGeneral Purpose Governments vs. Special Purpose Governments1713 Words   |  7 PagesGovernmental Accounting Standards Board (GASB) is the body authorized to establish accounting principles for all state and local governments, both general purpose and special purpose. True False A characteristic common to governmental and not-for-profit organizations is operating purposes that are other than to provide goods or services at a profit or profit equivalent. True False The needs of users of governmental financial reports are the same as those of us ers of business financial reports. TrueRead MoreSummary of Research for Accounting Changes and Error Analysis1143 Words   |  5 PagesResearch for Accounting Changes and Error Analysis Companies have always faced issues of how to reflect changes in accounting methods and error corrections in financial statements. A change in accounting principle results when an entity adopts a generally accepted accounting principle different from the one it used previously (Hall 2007). A presumption exists that an accounting principle once adopted shall not be changed in accounting for events and transactions of a similar type (Financial AccountingRead MoreEssay Gasb and Fasb Analysis696 Words   |  3 PagesFASB ANALYSIS PAPER Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper Mandy Diaz University of Phoenix Marie Romero ACC 460 / Government and Non-Profit Accounting March 30, 2010 Governmental Accounting Standards Board and Financial Accounting Standards Board This paper will be aimed at comparing and contrasting governmental (GASB) which is Governmental Accounting Standards Board and proprietary (FASB) which is Financial AccountingRead MoreThe Role of Conceptual Framework in Accounting1606 Words   |  6 Pagesstandardises the accounting practices by providing the accounting bodies with well-defined financial protocols, it often fails to meet the requirements of different users. 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To understand the significanceRead MoreFinancial Statement Analysis1293 Words   |  6 PagesFinancial Statement Analysis April Cruz, Litesha Forbes, Phillip Gibson, Jessica Hewlett, Lily James, Velda Justin, and Nzingha Reel ACC/561 September 27, 2010 Mark Tischler Financial Statement Analysis The accounting information of this paper provides a financial statement analysis for three distinct companies: Mercedes Benz, a foreign manufacturer of vehicles; Macy’s Inc, a retail department store, and American Airlines, an airline company. The analysis for each companyRead MoreAccounting Standard Board Paper 31433 Words   |  6 PagesRunning Head: ACCOUNTING STANDARDS BOARDS PAPER Accounting Standards Boards Paper Lila Alemar ACC 541 Shauki Smith May 24, 2010 History of the relationship between IASB and FASB The International Accounting Standards Board (IASB) began operations in 2001. It is an organization committed to developing, in the public interest, a single set of high quality, global accounting standards that require transparent and comparable information in general purpose financialRead MoreRelationship Between Iasb and Fasb1151 Words   |  5 Pagessector International Accounting Standards Board (IASB) was formed. The IASB is a natural extension of a global market that has been evolving over the last three decades. The IASB formulates and publishes accounting standards to be observed when presenting financial statements and promote their global acceptance. As an overarching mission, the IASB works to improve and harmonize accounting standards, regulations, and procedures as it relates to financial statements. IASB standards provide a referenceRead MoreAccounting Standards Boards Paper 41437 Words   |  6 PagesAccounting Standards Boards Paper University of Phoenix ACC 541—Accounting theory and Research Professor: Cecil B. 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Article Review Electronic Commerce Essay - 1164 Words

The World Wide Web(WWW)has been providing extensive opportunities for merchants to conduct their businesses online. Electronic commerce is a new form of online exchange in which most transactions occur among parties that have never met. As in traditional exchanges, concerns about trust have been identified as a barrier to customer for engaging in e-commerce and a barrier for the success of electronic commerce. In the traditional market, a typical customer would be limited to choosing from a few local retailers. In the age of the internet, one can choose from a verity of online retailers located anywhere in the world, leading to breakdown of borders. A physical separation between the buyer and the seller,†¦show more content†¦The different types of uncertainty or risk in online commerce are relevant for the understanding of trust . This is the context for Nena Lim(2003), Consumers perceived risk: sources versus consequences. Lim(2003) claims that, consumers are vulnerable and they are likely to expose themselves to loss. According to Lim, In the context of online commerce, risk can be divided into two main types—behavioral risk and environmental risk. Behavioral risk is caused by the actors involved in the transaction. For example, online retailers who have a chance to behave in opportunistic way by taking advantage of the distance and impersonal nature of e- commerce. It includes product risks, psychological risks, and retailer performance risks. Environmental risk is caused by the unpredictable and complex nature of the Internet as transaction medium, which is beyond the control of online retailers and consumers. It includes financial risks and privacy risks. Lim states that, Buying on the Internet presents numerous risks for consumers and the transaction process itself is perceived as risky. She specifies nine risk-dimensions specific to internet shopping that have been found from four different risks sources. The product itself poses a performance risk which is the disappointment that the product does not perform as well as theShow MoreRelatedElectronic Payment Social Commerce Essay1413 Words   |  6 PagesIntegrated Circuit (IC) cards, cryptography and telecommunications. However, in this study, e-payment refers to all electronic transactions as payment for goods and services. An electronic payment transaction is an execution of a protocol by which amount of money is taken from a payer and given to a payee (Akhilesh, Abhishek, Suresh, Satish, Priyanka, 2013). There are two electronic payment methods, credit cards and alternative payments. Alternative payments include automated clearing house andRead MoreE Commerce : A Type Of Business1328 Words   |  6 PagesE-COMMERCE INTRODUCTION: Electronic Commerce, usually addressed as E-commerce can be described as a type of business used for commercial transactions which involves transfer of information across the internet. It helps people in electronically exchanging goods and services with ease as there is no time or distance barrier. Types of E-commerce: (i) Business to Business (B2B): Firms directly deal with each other, (i.e.,) manufactures sell their goods to Distributers. Here, the pricing will varyRead MoreThe Cloud Of Cloud Computing1673 Words   |  7 PagesReview of Literature Cloud Computing Definition The topic of the cloud computing industry and security is broad with far reaching intricacies. Therefore, to narrow the subject, the definition of cloud computing as defined by the National Institute of Standards and Technology (NIST) (NIST Special Publication 800-145, 2011) will be used as the foundation for this study. The NIST adopted the (Mell Grance, 2010) cloud computing definition in 2011. (Mell Grance, (2010)) defined cloud computingRead MoreDigital Indi Challenges Of Data Mining Essay1387 Words   |  6 PagesDigital india :- Challenges of Data Mining Implementation in E-Commerce in India Abstract: Data mining has drastically altered how businesses are being operated, especially in the online domain. This paper attempts to review the massive growth of data mining applications to improve the profitability of e-commerce ventures. As consumers increasingly tend to make their purchases online and with many companies investing heavily on improving their web presenceRead MoreSecurity and Payment Issues Faced by e-commerce Business in the Hospitality Industry978 Words   |  4 Pagesand cyber-attacks to e-commerce systems especially in the hospitality industry. â€Å"In 2011, Trustwave SpiderLabs conducted 42 percent more data breach investigations than in the previous year. More than 85 percent of these data breaches occurred in the food and beverage, retail and hospitality industries.† (Savitz Percoco, 2012). It seems logical that any business would understand that building a secure business is important to long term success. (Vacca, 2012). E-commerce as a catalyst has led toRead MoreThe Perceived Benefits of E-Commerce the Internet Adoption Strategies for Smes1399 Words   |  6 PagesLiterature Review 1 The Perceived Benefits of E-Commerce The Internet Adoption Strategies for SMEs Cheng Peng North Carolina State University Professor Mordzak FLE 101 Dec.2, 2011 Literature Review 2 Introduction Due to the popularity and rapid expansion of the Internet and network technology, electronic commerce (e-commerce) has become a major activity in contemporary business operations. Today, enormous business activities are conducted online. People go online to sell and buy bothRead MoreDescriptions and Definitions of the Internet and E-Commerce1117 Words   |  5 PagesThe article is very thorough in its descriptions and definitions of the web, the internet and e-commerce.I fully support the stance the author takes on thesedefinitions and capabilities of the internet and e-commerce. As noted in the paper,In order to understand the concept of e-commerce, it is important to have a true understanding of the concept of internet. Internet is defined by Rayport and Jaworski (2002,p.40) as a collection of wires, protocols, and hardware that allows the electronic transmissionRead MorePrice Dispersion, Competition, And The Role Of Online Travel Agents1742 Words   |  7 Pagesperfect competition environment. Their findings were that after controlling for OTAs’ features related to airline competition, price dispersion should be lower in the online travel agents channel that are relative to the airlines’ direct channels. The article also states that the finding that online travel agent features related to the presence of airline competition play in favor of higher price dispersion in such indirect channel. The Role of Service Quality, Perceived Value, and Relationship QualityRead MoreDestination Management Companies ( Dmc ) Essay1177 Words   |  5 PagesSkayannis, 2003; Chen Yung, 2004; Bigne et al., 2008; Buhalis Law, 2008; Law, Leung, Buhalis, 2009; Wen, 2012). Adopting new products and technologies are keys to success in the travel and tourism industry (Sandvik, Arnett, and Sandvik 2011). E-Commerce technology adoption has changed the travel and tourism industry distribution structure (Goldmanis, Hortaà §su, Syverson, Emre, 2010). Marketing travel products and services on the Internet and through information and communication technologies (ICTs)Read MoreBusinesses and The Internet1357 Words   |  6 Pageswith, have ultimately succeeded in expanding their clientele. One example of the type of company that can be found online is an electronic retailer, or a cybermall type of a site. Electronic retailing, also known as e-tailing, is the direct sale from business to consumer through electronic storefronts. These e-tailing sites are typically designed around and electronic catalog and shopping cart model. This could be a store that has a ph ysical storefront, but decided to reach a broader market by

Professionalization of Social Education †Free Samples to Students

Question: Discuss about the Professionalization of Social Education. Answer: Introduction: Regarding ethical issues, what various IT specialists confront basically incorporates issues related to protection and security. For instance, concerning security, I being the Chief Safety Officer, will consider paying attention to reading private emails sent from my organization's employee's systems. The reason being I am responsible for organization's security from every part and keeping the network safe is one of the primary responsibilities of mine. In this manner, it is perfectly alright to investigate employees' email as a security checkup with the end goal of ensuring my organizations information isn't being compromised. I furthermore have the choice of developing organization email usage policies and let employees know about it. In any case, if the organization's confidential business data is compromised via an employees' email, the incident can bring immense misfortune to the organization which eventually will affect all of its employees irrespective the posts they are holding. This incident will also put a question mark on my capability as a CSO. There is a constant issue questioned by a few however not addressed properly. The issue is whether it is okay to examine the web addresses accessed by employees and moreover if I should routinely keep logs of accessed and particularly most visited web addresses. Another issue is, can the organization be carefree about not looking at such Web use to keep the probability of explicit entertainment within the organization. This can make the work environment unprofessional. The security issue of accessing the network system is examining everything that employees types. It should also be examined that whether employees are well informed about these strategies that the organization have taken. So, is it okay being the Central Security Officer, excluding a few I can check records and investigate every one irrespective of their held positions. As specified in the ethical sense, by and large I have the professional right to analyze what employees do with organizations' PC's. I being the Chief Security Officer of the organization, I retain the authority to get to access most of the organizational data on kept on the company server [1]. Key loggers can record every data that is composed on the organization's PC systems. These are of two types: hardware based and software based. Hardware based ones, are tiny devices attached between the connector of the system and the PS2 or organizations' PC's USB port. on the other hand, I can install software based key loggers to understand what keywords employees are typing on the organizations' systems by using a remotely located PC. Like key loggers, I will also suggest utilization of screen catching software. These are very helpful in understanding what employees are watching on their systems. So despite finding the URL of a specific site an employee accessed, I can examine those. Be it an opened Word archive or graphical element, kept in Recycle bin or even games accessed by any employee. Organization where I am employed as the CSO, I have the ability to find exactly which sites employees are accessing most often. In a small or even a mid-scale organization, I can have his accessibility without any premium tool. I can investigate by examining their Internet surfing history and I can control it as they will not be able to delete the data. I also can complicate the process mainly on Windows XP PCs through the User Restrictions Tool in Microsoft's free Shared PC Toolkit to limit employees right of access to the Internet options under the tools menu. This is the place from where employees can delete all the History and Temporary Internet Files. Being responsible for my organization's security, I will never proceed with any more talk with that specific customer. I cannot give up my organization's security regardless whatever the situation is. For one such customer, I will not give up organization's other customers. Likewise I cannot put other employees' occupation at any threat by taking such choice. Reference List S. Brinkmann, "In Encyclopedia of Critical Psychology", Springer New York, pp. 1008-1010, 2014. G. Pozgar, Legal and ethical issues for health professionals, 1st ed. Jones Bartlett Publishers., 2014. G. Corey, M. Corey, C. Corey and C. Callanan, Issues and ethics in the helping professions with 2014 ACA codes, 1st ed. Nelson Education, 2014. A. Keenet, A. Smart, M. Richards, R. Harrison and M. Carillo, "Human rights and social work codes of ethics: an international analysis.", Social Welfare and Human Rights, vol. 2, no. 2, pp. 1-16, 2014. R. Baker, Codes of conduct, 1st ed. Springer Netherlands, 2014, pp. 551-579. M. Campillo, J. Saez and M. Sanchez, "Ethics and Education", Situational ethics and the professionalization of social education, vol. 9, no. 1, pp. 3-15, 2014.