Accounting Assets Essays and Term Papers
392 Essays on Accounting Assets. Documents 176 - 200
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Should Accounting Be Made a Professional School?
Accounting professionals are in very high demand. The nature of work in accounting is so vast an individual would have so many different areas of accounting to choose from. Accounting requires people who can work with complex business structures, computer systems, and financial analysis packages. Accounting work further requires an aptitude for mathematics and the ability to compare and analyze accounting data quickly. Accountants also need to have strong communication skills as they must effectively
Rating:Essay Length: 1,326 Words / 6 PagesSubmitted: February 3, 2010 -
Breach of Accountability
Breach of Accountability: The Rodney King Case California Highway Patrol attempted to pull Rodney King over for speeding. They chased him for about fifteen minutes before the chase finally ended. While the two California Highway Patrol officers with their firearms drawn attempted to arrest King. Four other officers came and intervened. These officers went on to using excessive force towards King. The process in which excessive force was used is as follows: 1. Physical presence
Rating:Essay Length: 341 Words / 2 PagesSubmitted: February 4, 2010 -
Accounting Principle
ACCOUNTING IN ACTION Definition of Accounting: “Accounting is a services activity. Its function is to provide quantitative information, primarily financial in nature, about economic entities that is to be useful in making economic decisions, in making reasoned choices among alternative courses of action.” ---- AICPA (1970). Accounting is defined as “the process of identifying, measuring, and communicating economic information to permit informed judgments and decisions by users of the information.” --- AAA (1966). Objectives of
Rating:Essay Length: 604 Words / 3 PagesSubmitted: February 5, 2010 -
Managerial Accounting
Managerial Accounting: A Vital Role for the Financial Success of a Company The main objective of any company is to earn a profit now and in the future. Profits are earned when payment for goods or services provided exceed the costs incurred by the company. These profits can greatly be enhanced by important decisions made by managers. Managers are responsible for making proper decisions to allow the company to be profitable. To ensure profitability and
Rating:Essay Length: 6,020 Words / 25 PagesSubmitted: February 5, 2010 -
Accounting and Finance
Introduction JJB Sports plc is an UK’s leading sports retailers. It started in Wigan in late 1900s with a single sport shop. JJB Sports acquired an honor of business of Sports division which was largest in sports ‘clothing’ retailer rather than sports ‘equipment’. The shops rose from 120 shops in 1998 to 430 shops in 2005. In year 2005, launch of online shopping site expanded their market into cyberspace. JJB Sports also deal in health
Rating:Essay Length: 6,117 Words / 25 PagesSubmitted: February 5, 2010 -
Accounting Theory
Accounting is in the current state of being an art. It is referred to as a social science, but the question that still remains in view today is should accounting be an art or should it actually be a science? Although the move to scientific based accounting would be desirable in today’s society it is not possible. When you consider the facts of this issue in a true debate style, the scientific based approach does
Rating:Essay Length: 593 Words / 3 PagesSubmitted: February 6, 2010 -
Capital Account Convertibility
Until 1997, Asia attracted almost half of total capital inflow to developing countries. The economies of Southeast Asia in particular maintained high interest rates attractive to foreign investors looking for a high rate of return. As a result the region's economies received a large inflow of hot money and experienced a dramatic run-up in asset prices. At the same time, the regional economies of Thailand, Malaysia, Indonesia, the Philippines, Singapore, and South Korea experienced high
Rating:Essay Length: 1,668 Words / 7 PagesSubmitted: February 8, 2010 -
The Importance of Being Accountable
Accountability The U.S. army values soldiers that are accountable for their actions. Being accountable means being dependable-arriving to work and appointments on time, meeting deadlines, being in the right place at the right time, doing the right thing at the right time. Morning formation is the most important formation of the day. It is made to get accountability of everyone and put out any information that there needs to be dealt with. Without having accountability
Rating:Essay Length: 630 Words / 3 PagesSubmitted: February 8, 2010 -
Views of Business Ethics & Managerial Accountability
Views of Business Ethics & Managerial Accountability What is the fundamental purpose of a company? Different people have different answers. Some argue that a company should maximize its returns for its shareholders; while others disagree, saying that company should take the interests of employees and customers into consideration. Meanwhile, most people involved in business—whether functioning as a small business owner, employee, or chief executive officer of a multinational company—eventually face ethical or moral dilemmas in
Rating:Essay Length: 761 Words / 4 PagesSubmitted: February 10, 2010 -
Intermediate Accounting Paper
Intermediate Accounting Paper The Financial Accounting Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. It was created in 1973, replacing the Accounting Principles Board and the Committee on Accounting Procedure of the American
Rating:Essay Length: 1,178 Words / 5 PagesSubmitted: February 12, 2010 -
Tax Law and Accounting
Tax Law and Accounting In today’s society income taxes are something in which almost everyone is familiar. However, the tax law and general purpose of income taxes is something in which the general society gives little thought. In addition, few tax preparers are aware that differences exist between the Generally Accepted Accounting Principles (GAAP) and tax accounting, not to mention the ramifications of avoiding or evading to proper complete the reporting of income taxes. This
Rating:Essay Length: 1,399 Words / 6 PagesSubmitted: February 12, 2010 -
Security and Accountability
Security and accountability is vary important especially in an arms room. Without security the world would be a lot more dangers place. There would be a lot more theft and even more killings. With out security there would be no protection from kidnappings and anyone could get a gun since there is not security to make sure that they are allowed to have it. The army has many Regulations and Pamphlets that cover this topic.
Rating:Essay Length: 1,541 Words / 7 PagesSubmitted: February 13, 2010 -
Accounting Review
Overview of Accounting Paper MBA/503 Introduction to Finance and Accounting Accounting and finance are topics we tend to leave to the “professionals”. They are daunting and elusive terms to the small business owner and they might even conjure up a little fear. Today we can change all that, it is important to know every facet of your business to achieve success. We will begin to explore the financial world of business and learn how to
Rating:Essay Length: 1,102 Words / 5 PagesSubmitted: February 14, 2010 -
Eaquity Theories of Accounting
Following is an income statement calculated based on the different equity theories of accounting. Entity Theory Proprietary Theory Orthodox Unorthodox Residual Equity Theory Revenues $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 Less: Operating Expenses Cost of goods sold $400,000 $400,000 $400,000 $400,000 Depreciation $100,000 $100,000 $100,000 $100,000 Salaries and Wages $200,000 $200,000 $200,000 $200,000 Operating Income $ 30,000 $300,000 $300,000 $300,000 Less Bond Interest $80,000 $80,000 $80,000 Dividend on Preferred Stock $30,000 $30,000 Dividend
Rating:Essay Length: 266 Words / 2 PagesSubmitted: February 14, 2010 -
Financial and Managerial Accounting
Financial and Managerial Accounting According to the Illinois State Board of Education financial accounting is “the recording and reporting of activities and events affecting the money of an administrative unit and its program. Specifically, it is concerned (1) with determining what accounting records are to be maintained, how they will be maintained, and the procedures, methods, and forms to be used; (2) with recording, classifying, and summarizing activities or events; (3) with analyzing and interpreting
Rating:Essay Length: 1,376 Words / 6 PagesSubmitted: February 15, 2010 -
The History of Accounting
The History of Accounting Business 100 Sherika R. Smith For thousands of years, people have been coming up with ways to advance the accounting concept. Many have tried to develop their own way of measuring accounting. Though it has come along way, I will discuss some of the events that paved the way for accounting history from the past to the present day. First, I will discuss how the first accounting records came about and
Rating:Essay Length: 978 Words / 4 PagesSubmitted: February 16, 2010 -
Accounting Fixed and Variable Costs
Fixed and Variable Costs Item: Raw Materials (cost for hamburgers) Total Annual Cost: 650 Item: Building Rent Total Annual Cost: 9000 Identify which cost item above is fixed and variable and why? What is the cost per unit of each? Suppose we increased our sales volume to 6000 units and then to 8000 units the following year (and are still within the relevant range), what would be the total annual cost and unit cost of
Rating:Essay Length: 418 Words / 2 PagesSubmitted: February 18, 2010 -
Choose a Current International Accounting Standard (ias) or International Financial Reporting Standard (ifrs).Briefly Summarise Its Provisions and Assess Whether the Standard Can Be Considered to Be Principles-Based or Rules-Based
Introduction There are mainly two accounting standards: principle-based and rule-based in the accounting system. This paperwork will chose one regulation in International Accounting Standard, which is covered the regulations on inventory. After the brief summary of IAS 2, there will be a discuss about the IAS 2’s characteristics. Summary of IAS 2 In summary, the objective of IAS 2 is to prescribe the accounting treatment for inventories. It provides guidance not only for determining the
Rating:Essay Length: 1,108 Words / 5 PagesSubmitted: February 18, 2010 -
Advantages and Disadvantages of Historical Cost Accounting, Alternatives to Historical Cost Accounting
Advantages and disadvantages of historical cost accounting, alternatives to historical cost accounting 2.1 Introduction Accounting concepts and conventions as used in accountancy are the rules and guidelines by which the accountant lives. The historical cost accounting convention is an accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition. The historical cost accounting is the situation in which accountants record revenue, expenditure
Rating:Essay Length: 1,230 Words / 5 PagesSubmitted: February 18, 2010 -
Gender Differences in Eyewitness Accounts
Gender Differences in Eyewitness Accounts RUNNING HEAD: GENDER DIFFERENCES Abstract In this study, we examined differences between males and females in the accuracy of their eyewitness accounts. The effects of gender will be explored. Thirty-seven college age students from Southern Connecticut State University were involved in eye witnessing an act of stealing by two perpetrators. The eyewitnesses were then asked to describe the characteristics of the perpetrators in two questionnaires. It was hypothesized that
Rating:Essay Length: 1,759 Words / 8 PagesSubmitted: February 19, 2010 -
Accounting for Income Taxes
According to Accounting Theory: Contemporary Accounting Issues by Evans, accountants have developed two alternative approaches to accounting for income taxes, which are the cash method and the allocation method. The cash method is described as a simple and direct approach. The amount of income taxes actually paid for the year is reported on the Income Statement. The amount comes from the firm’s income tax return and fit is not adjusted in any way. Therefore, the
Rating:Essay Length: 1,244 Words / 5 PagesSubmitted: February 19, 2010 -
The Importance of Intangible Assets
The Importance of Intangible Assets Evaluation of Transitional Issues from a Canadian Standpoint Contents Topic Page 1. Executive Summary 3 2. Report I. The Trade-off Between Relevance and Reliability 4 II. "Nothings" are Something to Consider 5 III. Current Practice in Canada 5 IV. The Challenge of Valuation 6 V. Analysis of Potential Improvements to Canadian Standards 7 • Issue One - Valuation ? Valuation and Business Combinations ? Solution to Valuation Issues • Issue
Rating:Essay Length: 4,265 Words / 18 PagesSubmitted: February 19, 2010 -
Independent Reading Accountability on Pirates!
IRA 1. The Pirates! In an Adventure with Scientists. Gideon Defoe. Published in 2004. 2. The Pirate Capitan bears no other name than that. He his said to be one of the most feared pirates on the sea but also has a sentimental side that shows in amazing moments of glory. He is loved by his crew and loves them equally back. The biggest fear that haunts the Pirate Capitan is losing his famous and
Rating:Essay Length: 596 Words / 3 PagesSubmitted: February 22, 2010 -
Overview of Accounting
Running head: Overview of Accounting Overview of Accounting Kristie Richards MBA 503 University of Phoenix September 10, 2007 Overview of Accounting In the following informational presentation I will be explaining the differences of financial reports. I will also explain how ethical business decision making is used in financial reporting. Financial Statements Accountants, shareholders, stock brokers, financial managers, and CEO’s, to name a few use several financial statements to relate to how well a company is
Rating:Essay Length: 1,129 Words / 5 PagesSubmitted: February 24, 2010 -
Accountancy
Financial statements (or financial reports) are formal records of a business' financial activities. These statements provide an overview of a business' profitability and financial condition in both short and long term. There are four basic financial statements:[1] 1. Balance sheet: also referred to as statement of financial condition, reports on a company's assets, liabilities and net equity as of a given point in time. 2. Income statement: also referred to as Profit or loss statement,
Rating:Essay Length: 1,508 Words / 7 PagesSubmitted: February 24, 2010