Literature review on accounting standards. Free Finance and Accounting Literature Reviews Samples and Examples List 2022-12-09
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René Descartes' Meditations on First Philosophy is a philosophical treatise that was published in 1641. The work is composed of six meditations, in which Descartes attempts to establish a firm foundation for the knowledge of the natural world.
The first meditation introduces the concept of doubt and skepticism. Descartes begins by questioning the reliability of his senses and the information that they provide. He argues that it is possible for one's senses to deceive them, and therefore, it is necessary to doubt everything that is not indubitable. This includes even seemingly self-evident truths, such as the existence of one's own body and the external world.
In the second meditation, Descartes introduces the concept of the "cogito," or the idea that "I think, therefore I am." He argues that this idea cannot be doubted, as even the act of doubting one's own existence requires the existence of a thinker. Therefore, Descartes concludes that the existence of the self is the only thing that can be considered certain.
The third meditation introduces the concept of the "clear and distinct idea," which is a concept that can be intellectually grasped without any doubt. Descartes uses this concept to argue that the existence of God can be proven through reason alone. He asserts that the idea of a perfect being is a clear and distinct idea, and therefore, the existence of such a being must be true.
The fourth meditation introduces the concept of the "causal principle," which states that every effect must have a cause. Descartes uses this principle to argue that the cause of his own existence must be a being that is at least as perfect as himself. He concludes that this being must be God, as there cannot be a being that is more perfect than God.
The fifth meditation introduces the concept of the "substance dualism," which states that there are two kinds of substance in the world: material substance, which is composed of matter, and immaterial substance, which is composed of consciousness. Descartes argues that the mind, or consciousness, is an immaterial substance that is distinct from the body, which is a material substance.
The sixth meditation introduces the concept of the "union of mind and body," or the relationship between the immaterial mind and the material body. Descartes argues that the mind and the body are intimately connected, and that the actions of the mind can have an effect on the body, and vice versa.
In conclusion, Descartes' Meditations on First Philosophy is a philosophical treatise that explores the foundations of knowledge and the nature of the self and the world. Through his concepts of doubt, the cogito, clear and distinct ideas, the causal principle, substance dualism, and the union of mind and body, Descartes sought to establish a firm foundation for the knowledge of the natural world.
Guide to Accounting Standards: Definition, Types and Uses
To satisfy various stakeholders, corporate social responsibility has increased its importance and often constitutes a substantial part of the firms´ financial reports, in spite of the fact that there are no legal requirements. In the context of their chosen topic, students need to review the articles and sources selected, i. Therefore, they might influence the accounting choice. In Indonesia, Islamic accounting standards were developed based on the needs of its society, whereas in the UK, IFIs report their financial reporting through a conventional lens Antonio and Mukhlisin, 2013. Based on an Association of Government Accountants 2012 e-Report, most citizens determined the statements were too large and complicated to review and understand. With regard to the previous study of Islamic accounting standards, there is a lack of English-language research comparing conventional and Islamic accounting standards- setting, in particular discussing legitimacy dynamics between the two forms of accounting standards.
The application of Islamic values in everyday life is embodied through perceptions, beliefs and actions for every Muslim. The FASB maintains a record of its standards online as the FASB Accounting Standards Codification. Keywords: Performance measurement; management process implementation. . Therefore, the theoretical framework of this study is based on decision usefulness theory and the rest of the chapter will discuss this theory in …show more content… In the early 1970s, the American Institute of Certified Public Accountants AICPA established the Trueblood Committee which published the Trueblood Report.
It also provides professional credentials and support for CPAs. So the manipulative behaviors only destroy the image of any company. Also, establishing policies geared towards investor protection can help to protect investors from risks arising from business changes. The study by Okafor et al. Financial Accounting: Definitions and Differences Types of accounting standards There are different accounting standards that apply to institutions within the U.
Only one research paper mentions legitimacy; Abdel Karim 1995 addresses the need for to have AAOIFI conceptual framework to enhance legitimacy. So, the result of the return model also indicates adoption of IFRS improved relevance of accounting numbers in the deposit money banking sector. In the case of this study, the researcher was particularly interested to gain an understanding of what the prospective teachers have been doing in terms of raising awareness of chemicals and their hazardous nature in the Haryana State. According to Haniffa and Hudaib 2007 , zakat is considered as an act of worship and a form of piety to Islam. While, Kamla and Haque 2017 address of how AAOIFI as global standards setter in Islamic accounting standards relates to imperialism-accounting nexus.
Literature Review on the determination of accounting standards
The accounting aspect in current scenario does not only comprise of capital structure or making decisions based upon the dividend but in the global organisations, the accounting also comprises of capital structuring as well as profit repatriation. From the Accounting Assignment, it can be concluded that by performing effective analysis of the accounting issues and by taking use of a collaborative approach, a number of ways can be learned to overcome the accounting challenges. Conclusion: From the wide and diversified literature developed on the basis of the researches and studies of various researchers, this Accounting Assignment concluded that there exist a number of issues while practicing global accounting. A unit may fall sick because of a major lubricant i. Value relevance Value relevance is a term that has been commonly used to refer to the extent to which investors consider accounting figures in financial statements in making equity investment decisions. Puro 1984 Audit Firm Lobbying Before. How are accounting standards used? Pearson Higher Education AU.
Full article: Value relevance and changes in accounting standards: A review of the IFRS adoption literature
The study concluded that a company is involved in frauds or scandals because of several factors like unethical behaviors, agency problem and non professional attitude. Thus, the Islamic community should apply a holistic approach based on Islamic principles Abdel-Magid, 1981; Haniffa and Hudaib, 2007. It also requires them to use these methods from one period to the next and to disclose and explain any changes in standards. The paper also describes the different actors involved and their potential gains and losses. And Allah is Hearing and Knowing. The paper identifies despite being perceived uniquely Islamic, AAOIFI also thought operate to sustain the accounting-imperialism nexus Kamla and Haque, 2017.
The significant determinants of job satisfaction are nature of work, pay, relationship with co-workers, opportunities for promotion and supervision. . Therefore such kind of overvaluation activity is one of the biggest issue or challenge in the global accounting. Value relevance of accounting information in the United Arab Emirates. On the other hand in the intranet, there is communication and flow of information among the several organisational departments. CFOs role in the diffusion of management control systems 29 May 2015 CFOs role in the diffusion of management control systems Abstract Purpose — this paper aims to review the literature on CFOs and their role in diffusing management control systems.
. The companies analyze the future success or growth with the help of a number of factors but in most of the business organisation, there remain factors which are non-financial in nature Collier, 2015. . National Bureau of Economic Research. The literature developed is also rich in offering an adequate discussion of the research work as well as performing comparative analysis of the academic data. The characteristic of social revolution at that time was the change in style by merchants who combined the role of power and capital in commercial activities.