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- July 18, 2016 at 7:03 am #326635
I’m thrill. I passed P7.
To those who are failed please don’t give up.June 6, 2016 at 10:09 pm #320081Lesson learnt this time and don’t repeat it again. You still stand a chance to pass in this exam as maybe less than 20% incomplete answer, at least you wrote something.
June 6, 2016 at 10:02 pm #320079Agree with Natalie. Q1 was too many issues that need thinking time. The time pressure is certainly not help to answer the questions in a time manner. Good luck everyone.
June 6, 2016 at 9:53 pm #320075Be honest, you are not alone. This paper is very time consuming. I did not finish the 18 marks questions either.
Good luck to you.May 27, 2016 at 10:18 pm #317587Remember the five steps model of IFRS 15 and how revenue recognise in the financial statement.
November 14, 2012 at 8:43 pm #107465Johnson and Scholes illustrate the range of possible ethical stances by giving four illustrations:
• Short-term shareholder interest:
Limit ethical stance to taking responsibility for short-term shareholder interest on the grounds that it is for government alone to impose wider constraints on corporate governance. It is a minimalist approach to respond to the demands of the law but would not undertake to comply with any less substantial rules of conduct. The ground here would be that going beyond it can challenge government authority.
• Long-term shareholder interest:
Wider view of ethical responsibilities. Enhances the organization’s image. The cost of undertaking such responsibilities may be justified as essentially promotional expenditure. Can prevent a build-up of social and political pressure for legal regulation.
• Multiple stakeholder obligations:
Accepts the legitimacy of stakeholders other than shareholders and build those expectations into its stated purpose.
• Shaper of society:
Largely the concern of public sector organizations and charities. Accepts a wide responsibility to stakeholders.November 14, 2012 at 8:41 pm #107458There is an article in ‘Documents’ regarding your question – https://opentuition.com/wp-content/uploads/group-documents/19/1303132934-S10P1E3OF3-Professionalvaluesandethics.pdf
October 9, 2012 at 10:53 pm #105326My argument is NED is an independent director and as long as they are no crossed-directorship he/ she can be participated in the three committees that you are mentioned above. Otherwise, it will be an additional bureaucracy costs for recruiting different NEDs for the committees.
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