Forum Replies Created
- Posts
Lesson 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.
Agree 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.
Be honest, you are not alone. This paper is very time consuming. I did not finish the 18 marks questions either.
Good luck to you.Remember the five steps model of IFRS 15 and how revenue recognise in the financial statement.
Johnson 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.There is an article in ‘Documents’ regarding your question – https://opentuition.com/wp-content/uploads/group-documents/19/1303132934-S10P1E3OF3-Professionalvaluesandethics.pdf