Key elements of the Shell’s ethical code
What are the key elements of the Shell’s ethical code? Describe in brief?
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The main elements of this code are that such individuals must:
a) Adhere to the utmost standards of honesty, truthfulness and fairness, whilst sustaining a work climate which fosters such standards.
b) Comply with any codes of conduct or rules regarding dealing in securities.
c) Avoid participation in any decisions which could include a conflict of interest.
d) Avoid any financial interest in contracts awarded through the company.
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An income statement item that represents the difference between the actual cash amount and an accounting measure of how much cash there should be. The most common example exists in a retail situation where the cash in the cash register is compared to the register tape
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Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.
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Cost Object (also referred to as Cost Objective): It is an activity, item, or output whose cost is to be computed. In a wide sense, a cost object can be an organizational division, task, a function, product, service, or a customer.
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