BSM 100 Study Guide - Final Guide: Tiger Woods, Psychographic, Costco
6 Dec 2016
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Document Summary
It is the cornerstone of any formal ethics program: a written code is worthless if it doesn"t reflect living principles. Responsibility: social audit: a systematic evaluation of how well a firm is meeting its ethics and social responsibility goals. Cirque de soleil (combines circus and theatre: eg. Accounting: who needs it: accounting: a system for recognizing, organizing, analyzing, and reporting information about the financial transactions that affect an organization, who benefits from accounting, managers, shareholders, employees, creditors, suppliers, government agencies. Internal auditors are accountants who work within an organization and are responsible for verifying the accuracy of their organization"s internal records and the validity of it"s accounting procedures. Several companies were exposed of overstating earnings or hiding debts, which resulted in severe financial difficulties such as bankruptcy of many companies: ethics in accounting. Uses the accounting equation to determine such: accounting equation: assets = liabilities + owners equity.
