IntroductionIn recent times, efforts have been made to establish a global set of accounting standards. Such efforts include the establishment of the International Federation of Accountants (IFAC) that was founded in 1977 and the establishment of the AICPA Code of Professional Conduct. IFAC develops global auditing standards, ethics and independence...

Serangoon Singapore market shares have shrank from 70% to 40% within five year duration. This is attributed mainly to marketing competition by foreign companies. The companies are aggressive in their marketing and have managed to squeeze profits for crate manufacturers. Harmony should exist between manufacturing and marketing for successful business....

There is a need for accountants to realize the ethical aspects of earnings management as well as truthful reporting. Based on the fact that stakeholders use reported earnings to make certain decisions, there are high chances that accounting and operating distortions can be damaging to their individual interests (Ahadiat &...

Tracking sales, material costs, labor costs, and overhead provides the information that managers need to make intelligent decisions and make their company successful. Some variation in the numbers is normal, and it would not be cost effective to investigate every fluctuation. Factors that managers consider when deciding whether to investigate...

The hypothetical business in this instance is a Thai food restaurant. The restaurant is open 7 days a week from 11 AM to 3 AM. The extended hours are because the restaurant is located in a downtown area and is a popular gathering place after local bars close. As a...