Category: ACCA

IAS 16 Property Plant and Equipment

IAS 16 For an asset to be recorded in the financial statements should meet this definition laid by IASB Framework under IAS 16; “IAS 16 Asset is a resource which is controlled by the entity, as a result of past event and from which economic benefit are expected to flow to the entity” In an

Mary Guy Model Ethical Decision Making

Mary Guy model Mary Guy  Model listed a checklist for decision making in 1990. The values are honesty, accountability, caring, loyalty, respect for others, the pursuit of excellence, integrity and responsible citizenship. The Mary Guy model also suggested the five rules which integrate these values and help in decision making; Rule 1: Consider the wellbeing