aicpa财务会计与报告（far）agency

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1、RegulationModule29:AgencyInstructor:Helen08/23/20091M29AgencyA.CharacteristicsB.MethodsofCreationC.AuthorityD.CapacitytoBeAgentorPrincipalE.ObligationsandRightsF.TerminationofPrincipal-AgentRelationship2A.CharacteristicsofAgency3ACharacteristics1.DefinitionofA

2、gencyPrincipalAgentArelationshipbetween2parties,wherebyoneparty(agent)agreestoactonbehalfoftheother(principal).2.Principalvs.Agenta)Agentissubjecttocontrolofprincipalb)Agentisafiduciaryandmustactforthebenefitofprincipalc)Agent¡sspecificauthorityisdeterminedby

3、theprincipalbutgenerallyagenthasauthoritytobindtheprincipalcontractuallywith3rdparties4ACharacteristics3.Employeevs.IndependentContractora)ABriefIntroductionEmployee(agent)IndependentContractorEmployercontrolsmethodsofworkEmployercontrolsresultsonlySubjecttoem

4、ployer¡sregularsupervisionNosupervisionFulltimeParttimeEmployerprovidestoolsandfacilitiesByhim/herselfCompensatedonatimelybasisCompensatedonprojectbasis5ACharacteristics3.Employeevs.IndependentContractorb)DoctrineofRespondeatSuperior①②Employerisgenerallyliabl

5、eforemployee¡stortsifcommittedwithincourseandscopeofemploymentrelationship,evenduetoemployee¡sownnegligence.③①EmployerisNOTliablefortortscommittedbyindependentcontractor②EmployerusuallyNOTliableforintentionaltortsofemployee,whichisgenerallynotconsideredwithint

6、hescopeofemployment,unlessthetortisauthorized③Thismakesemployerliablefortortsofemployeeevenifemployernotactuallynegligenthim/herself6ACharacteristicsExampleofDoctrineofRespondeatSuperior1.SisanemployeeofM.OnedaywhiledeliveringinventoryforM,shenegligentlyhitsa3

7、rdpartywiththedeliverytruckInthiscase,Misliablebecausetheaccidentishappenedwithincourseandscopeofemploymentrelationship.Sisliableforherownnegligenceaswell.7ACharacteristicsExampleofDoctrineofRespondeatSuperior2.M,theemployer,givesS$30andaskshimtogobuydonutsfor

8、theemployeeswhoareworkingovertime.Stakeshisowncarandinjuresa3rdpartythoughhisownnegligence.Inthiscase,Misalsoliablebecausetheaccidentishappenedwithincourseandscopeofemploymentrelat