losses. Accountants are faced with a choice each and every day to either be honest and potentially look bad‚ or be truthful and face the consequences. It is extremely easy to “fluff” up numbers when doing complex accounting because the average joe will just take your word for it. 2 Corinthians 8:21 tells us‚ “For we aim at what is honorable not only in the Lord’s sight but also in the sight of man.” Clear and thorough work is what were called to do‚ and every accountant knows this
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Financial Statement Restatement Paper Shhh‚ hear the sound of the geek’s laughter? Anyone would have‚ if they were an HP employee in the summer of 2010. On June 10‚ 2010‚ Erica Ogg reported Dell’s earnings would be restated due to disclosure and accounting fraud. The PC maker will take a $100 million hit on its first quarter earnings. The New York Times headline read: “Dell to Pay $100 Million Settlement.” Edward Jones states‚ “The SEC had accused Dell of misleading investors by using money
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equally effective‚ cooperative team player‚ hardworking‚ motivating and independent. Achievements: Certified Public Accountant Licensure Examination- Passer Date of Examination: October 2011 CAT Part1 (Certified Bookkeeper) Passer- High Distinction National Institute of Accounting Technician Date of Examination: September 20‚ 2009 CAT Part2 (Registered Cost Accountant) Passer- Passed National Institute of Accounting Technician Date of Examination: May 16‚ 2010 MCU-Filimon D Tanchoco Scholar
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resigned as the independent audit firm. Q1: Accountants must notice the wrong do in confirmation of $203‚000 as entry and proper recorded in Cardillo. They just face the dilemma of disclosing the wrong do in revenue or deceiving the outside auditor together with the executives. This kind of false activity directly influences the liquidity and then the profit of inventors and creditors of Cardillo may be affected. The initial responsibility that accountants should do to both internal and external accounting
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line with standards set by IFAC: five fundamental principles of Integrity ‚ Objectivity ‚ professional competence and due care ‚ confidentiality and professional behavior. Candidly‚ these principles demonstrate what it means to be a professional accountant and act as the criteria against which my behavior as a member is measured. They will guide my judgments‚ decisions and actions when acting in a professional capacity‚ and when faced with ethical dilemmas. My judgment is enhanced to help businesses
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Evaluation of Zephyr Teachout’s Article “Will the Web Kill Colleges?” The article brings to some interesting views on the futures of colleges and the experience that goes along with that first important step into adulthood. He brings some serious points to the argument. First‚ the traditional college experience versus an online college experience. Next‚ the quality of the online course information‚ as well as‚ having a tenured professor or an average non-degreed person teaching/monitoring
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The last two decades have caused the degradation of public trust in the accounting profession due to many accountants behaving immorally and performing acts that discredited the profession. Nevertheless‚ business and moral ethics are critical to the Christian accountant for performing their duties‚ following the American Institute of Certified Public Accountants (AICPA) code of conduct‚ and God’s laws found in the Holy Bible. The model of trust enhancement has the four characteristics of benevolence
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business‚ and keeps the business profitable. (Osanyin‚ 2008) In accounting‚ there is the professional ethics that guides the accounting profession. Accountants are expected to adhere to the set ethical standards which are designed to ensure that they behave in a way which is ethical and consistent. For most professional accounting organizations‚ accountants are certified in order to comply with ethics and they are stripped off their certificates if they fail to abide with ethical codes. Therefore‚ it
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Honesty/duty of care Is there any conflict of interest faced by Ming as an assistant accountant in Wholesalers Ltd? Ming V Bing Decide to go with Bing’s guide as instructed or record Bing’s fraudulent discrepancy or follow the company’s policy. Yes there is a conflict of interest because if Ming says anything there is a chance that he will be fired. As he is only an assistant accountant and Bing is the chief accountant there is a chance that he will not be believed as Bing is there much longer. (red
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unendow professorial chairs. * 6 full-time and 2 part-time employees will have to be fired and only four will remain including the Chief Accountant‚ Susan Santos. IV. | OPPORTUNITIES | THREATS | STRENGTH | | | WEAKNESSES | | | V. List of Alternatives 1st Alternative Name | Position | Salary Range | Susan Santos | Chief Accountant | ( 5‚500-6‚000) | Soledad Trias | Assistant to the
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