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Mba Ms-04 Solved Assignment 2012 Dodge


1. Take an organization of your choice & find out how the Accounting Reports are prepared by them and how these reports are useful for managers while making decisions relating to the activities of a Business.


 has been defined as "-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------, and other obligations to sales revenue and owners' equity. An understanding of the financial data contained in accounting documents, then, is regarded as essential to reaching an accurate  picture of a business's true financial well-being. Armed with such knowledge, businesses can make appropriate financial and strategic decisions about their future; conversely, ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- reflected in the words of the American Institute of Certified Public Accountants (AICPA), which defined accounting as a "service activity."

The organization I am referring here is MSA Safety Company. Which deals in providing safety products. I am here going to discuss followed by MSA Safety company for preparing Accounting reports.

Objective of an Accounts Preparation Engagement

The objective of -------------------------------------------------------------------------------------- expertise (as opposed to auditing expertise) to collect, classify and summarise financial information.

This ordinarily entails reducing -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------. However, users of the compiled financial information derive some  benefit as a result of the chartered accountants' involvement because the service has been performed with professional competence and due care.

General Principles of an Accounts Preparation Engagement

1. The chartered ------------------------------------------------------------------------------ Code of Ethics. 2. Ethical principles governing ----------------------------------------------- of engagement are:

(a) Integrity-

 A professional accountant --------------------------------------------------------------------------- relationships.

(b) Objectivity-

 A professional --------------------------------------------------------------------------------------------------- to override  professional or business judgements.

(c) Professional Competence and Due Care-

 A -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------n and techniques. A professional accountant should act diligently and in accordance with applicable technical and professional standards when providing professional services.

(d) Confidentiality-

 A professional ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- a legal or professional right or duty to disclose. Confidential information acquired as a result of professional and business relationships should not be used for the personal advantage of the professional accountant or third  parties.

(e) Professional Behaviour-

 A ------------------------------------------------------------------------------------------------- and should avoid any action that discredits the profession. 3. Independence in the strict sense ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- (Scotland) Regulations 2006, they must be independent of the charity. In such circumstances, the chartered accountants must satisfy the independence requirements of sections 280 and 290 of the ICAS Code of Ethics. 4. There are certain factors which threaten objectivity in any professional role. These are: (a) Family, other ----------------------------------------------------------------------, owners or employees; (b) Loans or guarantees ---------------------------------------------------------------------------------- (including outstanding fees); (c) Beneficial ------------------------------------------------------------------------- of the client entity;

Ignou Eso-11 Free Solved Assignment 2012

4877 WordsOct 8th, 201220 Pages

IGNOU ESO-11 Free Solved Assignment 2012
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Tutor Marked Assignment (TMA)
Programme Code: BDP
Course Code: ESO-11
Assignment Code: ESO-11/

Section – I
Answer the following in about 500 words each.
1. Describe the major concerns of Sociology and discuss its nature and scope. 20
Solution: Sociology concentrated heavily on society and its major units and their dynamics. It has been striving to analyse the dynamics of the society in terms of organised patterns of social relations.
Firstly, the major concern of sociology is sociological analysis. It means the sociologist seeks to provide an analysis of human society and culture with a sociological perspective. He evinces his…show more content…

Outline the features of a complex society with suitable examples. 20

Solution: A complex society is a social formation that is otherwise described as a formative or developed state.[citation needed] The main criteria of complexity are the extent of a division of labour in which members of society are more or less permanently specialized in particular activities and depend on others for goods and services, within a system regulated by custom and laws, the population size of a human community; the larger the population, the more complex and variegated the co-existence of people tends to become. Social complexity in this sense thus refers typically to political complexity, specifically the presence of a hierarchy in the form of a ruling elite supported by bureaucrats, with associated paraphernalia such as administrative buildings and elite residences in urban or proto-urban population centres. Complex societies under this definition are also agricultural to provide the surplus required to support a social (non-food producing) elite. Explaining the origins of these types of social formations, which appear in many areas of the world, is one of the tasks of archaeology (see, e.g., History & Mathematics: Historical Dynamics and Development of Complex Societies).

There are, however, problems with the term "complexity" when used in this manner. It has been argued that using political organisation (or

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