Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Stigler's 'private interest theory' proposes that regulatory bodies (including accounting standard setters) are made up of individuals who are self-interested, and these individuals will introduce regulation that best serves their own self-interest. If regulators acted in accordance with the predictions provided by private interest theory of regulation, what is the likely of the introduction of regulation aimed at reducing the problems associated with climate change, particularly if business corporations opposed such regulations?
Stigler, G. J. 1971, The politicisation of accounting, Journal of Accountancy, 146(5), pp. 65-72
Required
a. Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler above.
b. explain the standards that are inherent in Global Reporting Initiative (GRI).
c. select a company listed on the ASX and discuss how the company has disclosed Corporate Social Responsible (CSR) issues.
d. Compute company performance in relation to GRI standards and comment on Stigler's theory.
The yield to maturity on new issues of similar corporate bonds is 5.2%. Someone offers you $1,225 for your bond. Is this a fair price, to you the seller? Illustrate what is the fair price?
William Nowland’s filing status is qualifying surviving spouse. His taxable income for 2011 is $76,000. Included in that amount is $5,000 of qualified dividends. Explain how much federal income tax does he have to pay for the year
Create a memo to a group of students interested in pursuing careers in management accounting. Include in the memo, the role of management accounting and how management accounting may differ based on different types of companies or industries.
Calculate the past service costs included in 2009 net pension expense (or revenue) under IAS 19. Compute the past service costs included in 2009 net pension expense (or revenue) under US GAAP
Assume that on April 1,2008, Roland Corp. issues 8%, 10-year bonds payable with a maturity value of $400,000. The bonds pay interest on March 31 and September 30, and Roland amortizes any premium and discount by the straight-line method.
Compute the book value of the building at the end of the second year. (Omit the "$" sign in your response.)
The company's fiscal year ends on February 28. Debbie's sold 500 shares of common stock at $6 per share on April 1. Illustrate what impact does the entry to record the April 1 transaction have on total stockholders' equity?
We want a flexible budget because costs are too hard to predict. We need the flexibility to change budgeted costs as input price change. Does a flexible budget serve this purpose? Explain.
Calculate the relevant rates that were used by Coca-Cola and PepsiCo in computing their pension amounts.
Evaluate the amount of write-down reversal (if any) required using US GAAP. Calculate the write-down on both an individual and a total inventory basis.
Reeves Company uses a predetermined overhead rate of $6.00 per machine hour. If the predetermined overhead rate was $6 per machine hour, overhead was underapplied by $40,000, and actual machine hours were 70,000; what was the actual overhead cost?
Prepare the sales portion of the entry for this sale on Janet's books and Prepare the cost of sales portion of the entry for this sale on Janet's books
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd