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What are the basic issues related to accounting for intangible assets?
Some of the basic issues related to accounting for intangible assets are non-monetary assets which are not seeable. This generates time and effort to classify separate asset. Legal intangibles and Competitive intangible are customers' information, rights, and cost within the organization. It is also recorded as organization's cost.
What are your rights as a beneficiary of a trust from 1998 the trustee would never give you an accounting?
You should consult with an attorney about filing a petition with the court to compel an accounting. A trustee's actions are governed by law and one of a trustee's responsibilities is to provide an accounting. A trustee who misbehaves is personally liable for any damages or waste of trust assets. However, you have waited a long time and there may be a statute of limitations in effect. You may have a valid claim against the trustee and may be able to sue them personally but you must consult with an attorney ASAP.
What is Non-renounceable rights issue of shares?
Unlike a standard rights issue an non-renounceable rights issue is one that cannot be transferred to another investor. Under a traditional renouncable right issue the holder of the shares as the option to transfer rights to another investor (usually for a price). This is not an option for a non-renounceable rights issue and the investor has one of two choices 1) Take up the rights 2) Ignore the rights Neither is necessarily the right option as the decision the investor needs to take depends on why the company has offered the rights in the first place.
What substantive procedure would you perform in the audit of assets and liabilities?
ASSETS Audit to address the various audit assertions including: existence, complteness, rights and obligations, valuation and disclosure. ASSERTION PROCEDURE General Obtain a schedule showing movements in assets for the yearCast the schedule, and agree total to the trial balance and the financial statements Agree figures to the asset register ExistencePhysically inspect the assets to ensure existence Rights and obligations/existence Inspect title deeds or deeds of transfers to ensure that the assets are in the name of the entity Inspect insurance contracts to ensure the assets are insured in the name of the entity Select a sample of asset additions from the ledger for assets and trace them to supplier invoices to confirm prices Rights and obligations, valuation, and authorisation Trace these assets to order, grn and the payment cheque to confirm receipt, and validity as well as value Enquire from management as to accounting for property plant and equipment Apply the accounting policy to assess if the assets are accounted for in terms of the entity policy # If policy is revalue assests ensure assets are carried at revalued cost less accumulated depreciation otherwise carry at cost less accumulated depreciation # Obtain schedules for deprciation calculation and cast and cross cast the file to ensure accuracy # Review the schedule to ensure that correct rates of depreciation have been applied per category as per accounting policy and recalculate depreciation expense.
What is the scope of social accounting?
Formal accountabilityIn social accounting the focus tends to be on larger organisations such as multinational corporations (MNCs), and their visible, external accounts rather than informally produced accounts or accounts for internal use. The need for formality in making MNCs accountability is given by the spatial, financial and cultural distance of these organisations to those who are affecting and affected by it.[9]Social accounting also questions the reduction of all meaningful information to financial form. Financial data is seen as only one element of the accounting language.[10][edit]Self-reporting and third party auditsIn most countries, existing legislation only regulates a fraction of accounting for socially relevant corporate activity. In consequence, most available social, environmental and sustainability reports are produced voluntarily by organisations and in that sense often resemble financial statements. While companies' efforts in this regard are usually commended, there seems to be a tension between voluntary reporting and accountability, for companies are likely to produce reports favouring their interests.[11]The re-arrangement of social and environmental data companies already produce as part of their normal reporting practice into an independent social audit is called a silent or shadow account.An alternative phenomenon is the creation of external social audits by groups or individuals independent of the accountable organisation and typically without its encouragement. External social audits thus also attempt to blur the boundaries between organisations and society and to establish social accounting as a fluid two-way communication process. Companies are sought to be held accountable regardless of their approval.[12]It is in this sense that external audits part with attempts to establish social accounting as an intrinsic feature of organisational behaviour. The reports ofSocial Audit Ltd in the 1970s on e.g. Tube Investments, Avon Rubber and Coalite and Chemical, laid the foundations for much of the later work on social audits.[13][edit]Reporting areasUnlike in financial accounting, the matter of interest is by definition less clear-cut in social accounting; this is due to an aspired all-encompassing approach to corporate activity. It is generally agreed that social accounting will cover an organisation's relationship with the natural environment, its employees, and ethical issues concentrating upon consumers and products, as well as local and international communities. Other issues include corporate action on questions of ethnicity and gender.[9][edit]AudienceSocial accounting supersedes the traditional audit audience, which is mainly composed of a company's shareholdersand the financial community, by providing information to all of the organisation's stakeholders. A stakeholderof an organisation is anyone who can influence or is influenced by the organisation. This often includes, but is not limited to, suppliers of inputs, employees and trade unions, consumers, members of local communities, society at large and governments.[14]Different stakeholders have different rights of information. These rights can be stipulated by law, but also by non-legal codes, corporate values, mission statements and moral rights. The rights of information are thus determined by "society, the organisation and its stakeholders".Cite error: A set of tags are missing the closing ; see the help page.[15][16][17][18][19]In many instances the reports are produced in (partial or full) compliance with the sustainability reporting guidelines set by the Global Reporting Initiative (GRI).Traidcraftplc, the fair trade organisation, claims to be the first public limited company to publish audited social accounts in the UK, starting in 1993.[20][21]The website of the Centre for Social and Environmental Accounting Research contains a collection of exemplary reporting practices and social audits.[edit]FormatCompanies and other organisations (such as NGOs) may publish annual corporate responsibility reports, in print or online. The reporting format can also include summary or overview documents for certain stakeholders, a corporate responsibility or sustainability section on its corporate website, or integrate social accounting into its annual report and accounts.[7]Companies may seek to adopt a social accounting format that is audience specific and appropriate. For example, H&M, asks stakeholders how they would like to receive reports on its website;Vodafonepublishes separate reports for 11 of its operating companies as well as publishing an internal report in 2005; Weyerhaeuserproduced a tabloid-size, four-page mini-report in addition to its full sustainability report.[22]
When an arresting officer reads an accused person their rights it is an example of what?
Miranda Rights.
Does a person who willfully surrenders themselves to a police officer have to be read their rights by the officer?
yes
When do an officer have to read you your rights?
If you are being arrested, you should be read your Miranda rights. Up to that point, the officer may ask you questions without reading you your rights. You are not obligated to answer any questions beyond identifying yourself.
Is an Officer required to read you your Miranda rights when being arrested on a Burglary warrant?
no a poice officer is only required to read your Miranda rights when he is about to interrogate you about the crime in question.
Is it a police officer's job to inform anyone of their legal rights?
Yes!
Officer kick your pet repeatly can you sue him?
Yup. Animals have rights.
What if a police officer does not read you your rights?
They don't have to read them unless you ask them to.
What can benefit someone being a dance officer?
You have many rights in dancing.
Who does a parole officer answer to if they violate a parolee's rights?
They would answer to law enforcement and the courts.
Who was the officer in charge of protecting the rights of the poor in Rome?
The tribune of the Plebs or the Plebeian Tribune was the official supposed to be in charge of protecting the rights of the poorer people.
How do you use magistrate in a sentence?
"A police officer was magistrate for violating his rights in entering a persons home".
Does a parole officer have legal rights to make you work if you are retired?
If employment is a condition of your parole, then it can be required of you.
