ETIKA PROFESI AKUNTANSI (Softskill)

Nama Kelompok  : Dumont (Novia Santika Rosi & Mistin Herawati)

Kelas                    : 4EB13

Judul buku      : Accounting Ethics Foundations of Business Ethics

Pengarang       : Ronald Duska, Brenda Shay Duska, Julie Anne Ragatz

Edisi                : 2

Penerbit           : John Wiley & Sons, 2011

SYNOPSIS

This new edition of Accounting Ethics has been comprehensively updated to deal with the significant changes within the accounting profession since 2002; the authors systematically explore the new range of ethical issues that have arisen as a result of recent developments,

including the financial crisis of 2008.

• Highlights the debates over the use of fair-value accounting and principles- versus rules-based standards
• Offers a comprehensive overview of ethics in accounting, as well as an examination of and recommendations for solving the current crisis in this field
• Investigates the nature and purpose of accounting
• Uses concrete examples and case studies, including current situations
• Examines the ethical responsibilities of individual accountants as well as accounting firms

Sumber : http://books.google.co.id/books?id=S__S637yuVoC&dq=accounting+ethics&hl=id&source=gbs_navlinks_s

http://www.abebooks.com/9781405196130/Accounting-Ethics-Duska-Ronald-Brenda-1405196130/plp

Concept Of Time Value Of Money

The concept of tome value of money suggests that the money received at different point of time has different value. The financial manager must appreciate this fact and understand why they are different and how they are made comparable.Time value of money is a concept to understand the value of cash flows occurred at different point of time. For example, if we deposited $ 100 in saving account at 5% annual rate of interest, it will increase to $ 105 at the end of one year. The concept of time value of money is useful in addressing our real life problems relating to planning for future family expenditure. For instance, if we need $ 50,000 after the retirement from job in 15 years, the amount we need to deposit at interest every year from now until the retirement is conveniently determined by using the time value of money concept. Many financial decisions of the firm require a consideration regarding time value of money. In this regard, time value of money concept deserves serious considerations on all financial decisions.

Source : http://accountlearning.blogspot.com/2012/05/concept-of-time-value-of-money.html

Characteristics Of Entrepreneurship

Entrepreneurship has the following characteristics:

1. Creating New Venture

Entrepreneurship is concerned with creation of new venture with new ideas. Such ventures starts as a small business to satisfy the unfulfilled needs in the market. These new ventures produce something new of value, create new market and new customers.

2. Hard Work And Commitment

Entrepreneurship requires hard work and commitment through devotion of time and efforts. Hard work with enthusiasm is needed to make new ideas, developing plan, determination of required resources. Entrepreneurs have deep sense of personal responsibility and high level of energy.

3. Risk Assumption

Entrepreneurship involves assumption of risks which implies possibility of loss. Probability estimates of the outcome of risk situations are made to calculate risk. Generally, new ventures tend to have high risk and high failure rate. Financial risk, career risk, social risk and psychic risk are involved in entrepreneurship.

4. Reaping Of Rewards

Entrepreneurship results in reaping of rewards. Rewards can be monetary benefits in terms of profit or non-monetary benefits in terms of personal satisfaction, self development, fame, reputation and independence in work. Monetary rewards serve as symbol of achievement and non-monetary rewards provide opportunities to make contribution toward social well-being and get social recognition.

Source : http://accountlearning.blogspot.com/2014/06/characteristics-of-entrepreneurship.html