Accounting Assets Essays and Term Papers
392 Essays on Accounting Assets. Documents 201 - 225
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Managerial Accounting Test
TEST QUESTIONS: Questions 1-3 refer to the following: The following selected data for March were taken from Rubenstein Company's financial statements: Cost of goods available for sale Manufacturing overhead Cost of goods manufactured Finished goods inventory ‑ ending Direct materials used Sales Selling and administrative expenses Direct labor Work in process inventory ‑ beginning $ 65,000 20,000 51,000 10,000 15,000 105,000 30,000 20,000 0 1. The gross margin was: 1. $55,000. 2. $54,000. 3. $50,000.
Rating:Essay Length: 3,124 Words / 13 PagesSubmitted: February 26, 2010 -
Business Source Elite - Confronting Academic Dishonesty in the Accounting Classroom: A Cultural Experience?
Business Source Elite: Confronting Academic Dishonesty in the Accounting Classroom: A Cultural Experience? Brad Kerr Bus 170 Feb. 14/06 During a masters program accounting class, the professor noticed a recent Asian immigrant attempting to cheat on the exam by leaning over and asking a student what she had for a certain question. He couldn’t believe it, and nobody else seemed to notice it, as well, who would cheat in a masters accounting class. The
Rating:Essay Length: 435 Words / 2 PagesSubmitted: February 27, 2010 -
Overview of Accounting Paper
Overview of Accounting Paper 3/3/08 University of Phoenix Overview of Accounting Paper Accounting is sometimes said to be the language of finance because it provides financial data through income statements, balance sheets, and the statement of cash flows (Block & Hirt, 2005). The purpose of this paper is to provide basic information on accounting and finance to the small business owner. By providing the small business owner with the basics of finance and accounting, enables
Rating:Essay Length: 1,088 Words / 5 PagesSubmitted: February 28, 2010 -
Accounting Standards
CAFR Budget Analysis (Town of Manchester Connecticut) Manchester, Connecticut USA, a thriving small city in the growing eastern section of the Hartford region. The town is located in central Connecticut and is approximately 10 miles east of the City of Hartford, the State Capital. The towns of East Hartford, South Windsor, Vernon, Bolton and Glastonbury border the town. It is approximately 85 miles southwest of Boston and 115 miles northeast of New York City. The
Rating:Essay Length: 283 Words / 2 PagesSubmitted: February 28, 2010 -
Marketing Accounting
In this paper I will be discussing the link between marketing and accounting as I am a marketing/accounting major. There are many connections between the accounting business and marketing. The marketing business is something that should not be overseen and many times is more helpful and detrimental to a business. It is absolutely true that all businesses, including professional service firms, need to distinguish themselves in their marketplace. This is accomplished by creating a compelling
Rating:Essay Length: 1,525 Words / 7 PagesSubmitted: March 1, 2010 -
Accounting and Globalization
INTRODUCTION As today’s companies become more globally oriented and expand into multinational corporations, there is a growing need to compress financial regulations into a homogeneous unit. To achieve this homogeneity, accounting practices in the modern economic market must strive for a symbiotic relationship with globalization. Because consumer capitalism has spread to non-originating countries, and non-Americanized cultures, the practices of accounting and financial management must standardize their policies. Thus, accounting must be regarded beyond capital market
Rating:Essay Length: 618 Words / 3 PagesSubmitted: March 1, 2010 -
Contrary to Its Promises of Integration, Inclusion and Prosperity.Globalization Creates Marginalization, Exclusion and a Reinforcement of Inequality How Would You Account for This Apparent Contradiction.
Contrary to its promises of integration, inclusion and prosperity.Globalization creates marginalization, exclusion and a reinforcement of inequality how would you account for this apparent contradiction. Globalization was imposed on the world with a promise of integration, inclusion and prosperity but instead we are faced with rampant inequality, exclusion and marginalization at a scale that we have never seen before. It is said that not only has the quest for integration, prosperity and inclusion for the
Rating:Essay Length: 1,565 Words / 7 PagesSubmitted: March 1, 2010 -
Accounting-Ias
Inventories (IAS 2) 1 PROBLEMS ADDRESSED The objective of IAS 2 is to prescribe the accounting treatment of inventories. This Standard deals with calculation of the cost of inventory recognized as an asset, the determination of cost, the recognition of inventories as an expense, and any write-downs to net realizable value. September 1974 Exposure Draft E2 Valuation and Presentation of Inventories in the Context of the Historical Cost System October 19 IAS 2, Valuation and
Rating:Essay Length: 2,338 Words / 10 PagesSubmitted: March 3, 2010 -
Accounting
Accounting The nature of work of accountants and auditors is to prepare, analyze, and verify financial reports and taxes, and monitor information systems that furnish this information to managers in business, industry, and government. The major fields of accounting are Public accountants who have their own business or work for public accounting firms. They perform a large range of responsibilities such as doing taxes, numerous accounting and auditing, consulting activities for their clients, who may
Rating:Essay Length: 1,956 Words / 8 PagesSubmitted: March 3, 2010 -
Lab Budgeting and Cost Accounting Under Drgs
Lab budgeting and cost accounting under DRGs Medical Laboratory Observer, Feb, 1985 by W. Glenn Cannon Cost accounting is not a solution to management problems. It is a management tool designed to provide information that facilitates sound decisions. The two primary objectives of cost accounting are 1) to match cost with revenue and 2) to match resource consumption with the units of service provided. Under the DRG system, matching revenue with cost and evaluating appropriate
Rating:Essay Length: 1,230 Words / 5 PagesSubmitted: March 6, 2010 -
Uk and Us Accounting Standards
In today’s unpredictable stock markets, it is extremely important for investors to expand investments to minimize risk and earn reasonable returns on funds. The diversification does not have to be restricted to domestic companies because of opportunities available in foreign markets. On the other hand, securities analysis becomes more complex because of supplementary variables such as foreign exchange risk, political, economic, cultural diversities, etc. that need to be taken into deliberation in making investment judgment.
Rating:Essay Length: 3,568 Words / 15 PagesSubmitted: March 6, 2010 -
Financial Accounting Statement 142
Financial Accounting Statement 142 Intangible assets are an increasingly important economic resource for many businesses. Intangible assets have also become a greater portion of assets gained in an acquisition or business combination. Therefore, more useful information about intangible assets is needed for both those involved in the transaction and potential investors in the public community. Statement 142 replaces Accounting Principles Board (APB) Opinion No. 17, Intangible Assets in order to produce better information on which
Rating:Essay Length: 1,784 Words / 8 PagesSubmitted: March 7, 2010 -
Accounting 101
Financial Accounting Unit 1 Business and the Role of Accounting A.) D.C. Dawg starts his own business and contributes $6000.00 This shows in the statement of cash flows and it shows in the owner’s equity in looking at total assets D.C. has a ratio of 3:1 dollars invested over his liabilities. For every dollar borrowed he has put up three of his own dollars. As a lender I would see this as a positive. B.)
Rating:Essay Length: 385 Words / 2 PagesSubmitted: March 8, 2010 -
Equity Accounting and Consolidations
Chapter 14 Equity accounting and consolidations Second edition update, June 2005. Fair value adjustments and goodwill [p. 435 et seq.] A parent company rarely acquires a subsidiary at a price equal to the book value of the latter’s net assets. The price it pays reflects its assessment of the cash flows those net assets are expected to generate. The amount may be more or less than book value. As a result, a positive or negative
Rating:Essay Length: 264 Words / 2 PagesSubmitted: March 8, 2010 -
Incorporating Professional Ethics Throughout an Accounting Curriculum - Ethics Article Review
Ethics article Review The article chosen to review is, “Incorporating Professional Ethics throughout an Accounting Curriculum”. This article discusses how many accountant programs struggle to ensure that ethics is set into the business curriculum of a student. Accountant students are training to enter an establishment based on code of conduct and code of ethics. Therefore, accounting programs should accentuate why ethics is a necessary part of the business studies. The assigned reading which is Accounting
Rating:Essay Length: 695 Words / 3 PagesSubmitted: March 8, 2010 -
How Are Ministers Made Accountable
How are ministers made accountable in parliament? (15 marks) Accountability in parliament is the stem of the fundamentals of democracy; it is how we know that the ministers within the party we elect are doing their job correctly and to make sure the minister becomes responsible for any misdeeds or faults while practicing his/her profession. One of the most obvious forms of rendering out the faults of individual ministers is parliamentary scrutiny or to be
Rating:Essay Length: 387 Words / 2 PagesSubmitted: March 8, 2010 -
Technology in Accounting
Technology is on a fast track and progresses in some fields take place on a daily basis. This does not exclude the accounting sector, where things are not as simple as keeping books to show profit, loss and the balance in the bank. Financial accounting systems have evolved rapidly over the past decade as companies grapple with the challenges of compressed business cycles, rising customer demand and a globalized, expanding customer base. The accounting
Rating:Essay Length: 664 Words / 3 PagesSubmitted: March 9, 2010 -
Accounting
The report focus on the financial statement analysis of Tick-Tock during 2005 to 2007.And at the same time provides the recommendation whether to purchase Tick-Tock for $2,000 or continue looking for another business. This financial statement has been divided into three segments: profitability, liquidity and financial stability .The first part is profitability which focuses on different aspect of return on investment & evaluating operating performance ratios. And the second segment concrete on the liquidity, as
Rating:Essay Length: 1,247 Words / 5 PagesSubmitted: March 10, 2010 -
Managerial Accounting Vs Financial Accounting
Managerial and Financial Accounting ACCT/300: Principles of Accounting April 9, 2008 Managerial and Financial Accounting This paper will attempt to differentiate between managerial and financial accounting, the users of managerial and financial accounting and what type of business decisions would be made with the information. Managerial Accounting Managerial accounting provides accounting information to managers who are inside an organization and who directs and controls its operations, to help them make decisions to manage the business.
Rating:Essay Length: 720 Words / 3 PagesSubmitted: March 10, 2010 -
The Meaning of Cost Accounting
Meaning of Cost Accounting Previously, cost accounting was considered to be a technique for the ascertainment of costs of products or services on the basis of historical data. In time, due to the competitive nature of the market, it was realized that ascertaining of cost is not as important as controlling costs. Cost accounting started to be considered more as a technique for cost control as compared to cost ascertainment. Due to the technological developments
Rating:Essay Length: 1,345 Words / 6 PagesSubmitted: March 11, 2010 -
Bridgteon Industries Cost Accounting System
The managerial accounting system at Bridgeton, as it is presented, seems to be lacking detail necessary for efficient analysis. The sections used are sales, direct material, direct labor and overhead by account number, each divided into individual accounts and summed to find totals. There is no separation of fixed and variable costs in any of the accounts, making it difficult to analyze exactly where operations are costing money and, therefore, how they could possibly be
Rating:Essay Length: 1,173 Words / 5 PagesSubmitted: March 15, 2010 -
Accounting Overview
Both Managerial Accountants and Financial Accountants produce reports and information explicit to their position within their company. Financial and Managerial Accountants begin with the same raw data to generate different report. These reports differ and can be used by several audiences for different purposes. Financial Accounting is an analysis of a company’s past performance and is a backward way of thinking. Financial accounting is in plain black and white and leaves little to the imagination.
Rating:Essay Length: 890 Words / 4 PagesSubmitted: March 15, 2010 -
Overview of Accounting
Accounting is a major part of business. No matter what kind of business it is, without good account skills the business has a good chance of failing. The basics of accounting are simple, and broken down into four major parts to understand, they are: A Balance sheet, Income Statement, Cash Flow Statement, and a Statement of Returned Earnings. The basic understanding of accounting is broken up into two major categories, assets and liabilities. Assets are
Rating:Essay Length: 554 Words / 3 PagesSubmitted: March 16, 2010 -
Accountability
What is accountability and the definition: (DOD) The obligation imposed by law or lawful order or regulation on an officer or other person for keeping accurate record of property, documents, or funds. The person having this obligation may or may not have actual possession of the property, documents, or funds. Accountability is concerned primarily with records, while responsibility is concerned primarily with custody, care, and safekeeping. Why is accountability important to the Army? Accountability is
Rating:Essay Length: 339 Words / 2 PagesSubmitted: March 16, 2010 -
Accounting Types
Types of Assets Cash-Monetary items that are available to meet current obligations of the business. It includes bank deposits, currency & coins, checks, money orders, and traveler's checks. Accounts Receivable-Business claims against the property of a customer arising from the sale of goods and/or services on account. Notes Receivable-Formal written promises given by customers or others to pay definite sums of money to the business at specified times. Inventory-Expenditures for items held for resale in
Rating:Essay Length: 367 Words / 2 PagesSubmitted: March 16, 2010