code of ethics

what are the 5 priciples of the code of ethics
Integrity, Objectivity, Professional competence, Confidentiality, Professionsal behaviour
1 of 9
What are the 6 steps for dealing with ethical dilemmas
Identify and understand the facts, Identify the ethical issues, Identify which fundamental principles are threatened, Consider teh established internal procedures, evaulate alternative courses of action, choose an appropriate course of action.
2 of 9
How do you work out an operating profit margin ratio
Operating profit/Sales x 100%
3 of 9
How do you work out what the capital employed is
Total assets - current liabilities
4 of 9
What six columns are used for the statement of equity
Ordinary share capital, Preference share capital, Share premium, Revaluation reserve, Retained earnings
5 of 9
Name the three activities used for cash flow statements
Operating activities, investing activities, financing activities
6 of 9
Name the 5 ways under UK law when an agency relationship can arise
By express agreement, by implied agreement, by necessity, by ratification, by estoppel
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Name the 2 ways an agency agreement can be terminated
By conscious act/decision of the parties, by operation of law.
8 of 9
What is meant by a true and fair view
True - the financial information is factual, fair - the financial information is not subject to discrimination or bias
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Card 2

Front

What are the 6 steps for dealing with ethical dilemmas

Back

Identify and understand the facts, Identify the ethical issues, Identify which fundamental principles are threatened, Consider teh established internal procedures, evaulate alternative courses of action, choose an appropriate course of action.

Card 3

Front

How do you work out an operating profit margin ratio

Back

Preview of the front of card 3

Card 4

Front

How do you work out what the capital employed is

Back

Preview of the front of card 4

Card 5

Front

What six columns are used for the statement of equity

Back

Preview of the front of card 5
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