Chapter 01 - Environment and Theoretical Structure of Financial Accounting
Environment and Theoretical Structure of Financial Accounting QUESTIONS FOR REVIEW OF KEYQuestion 1-1 TOPICS
Financial accounting is concerned with providing relevant fin
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Students should be able to:
Familiarise themselves with statues forbidden by the state.
Explain why agreements opposed to public policy are not acceptable.
Identify agreements opposed to public policy.
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Define capacity and relate to an individuals ability to enter into a contractual relationship.
Define disaffirmance and identify situations where disaffirmance can take place.
Explain the legal implications for the parti
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Define consideration in relation to it fulfillment of a contractual requirement.
Explain the relation of adequacy and consideration in a contract.
Distinguish between moral consideration and consideration in a cont
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AGREEMENT OFFER AND ACCEPTANCE
Students should be able to identify when an offer has been reached by:
Determining whether the seriousness element is present.
Whether the offer has been correctly communicated.
Distinguishing an o
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CONTRACT LAW A NEW BEGINNING
Define a contract by ensuring all the elements of a valid contract are present.
Identify the elements of a contract in a given contract.
Identify the different types of contracts and use each one app
Air pollution has been associated with environmental pollution in many of the health problems
suffered by the human. Exposure to these pollutants briefly cause heightened heart and lung
disease significantly and require intensive medical car
Chapter 5 Business Ethics and Ethical Decision Making Summary
Business ethics comprises principles and standards that guide individual and work group
behavior in the world of business. Stakeholders determine these conventions, and they
may change over tim