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Essay

The Accounting profession and its Obligation to Society

Essay specific features

 

Issue:

Business

 

Written by:

Antoinette R

 

Date added:

September 26, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 714

 

Was viewed:

1651 times

 

Rating of current essay:

 
Essay content:

So how can the accounting profession safeguard against these huge corporations destroying their credibility? Will there have to be a major shift towards accountants being ultimately responsible to society as well as the common stakeholder? Without the corporation evolving into the giant capital raising tool, the modern industry would never have developed so tremendously...
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It is this notion though, which has transformed share ownership from a responsibility into simply a transfer of wealth in the hope of a buck or two in return. Shareholders ?own' the company, but as there are often hundreds of thousands of shareholders to any one company ? how does any normal shareholder have any control over what it is they supposedly own? Transferability has become the biggest demand with respect to share ownership...
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General issues of this essay:
Capital structure and shareholder's wealth Creating Shareholder Value Distinguish between shareholder and stakeholder in a business context. Comment on the influence of shareholders on the management of a company and its allocation of rewards. Increasing Shareholder Wealth Maximizing Shareholder Value Profit And Shareholder Wealth Comparison Profit and Shareholder Wealth: GE and Tyco Shareholder Primacy Shareholder Theory Shareholder Wealth Shareholder Wealth shareholder value in inustrial sector shareholder wealth comparison shareholder's wealth The Accounting profession and its Obligation to Society
 

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