Accounting Essays and Term Papers
368 Essays on Accounting. Documents 276 - 300
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Thermoelectron Accounting Issues
Funding to pursue new, profitable markets was limited. Should George Hatsopoulos, the CEO, President, and founder of Thermo Electron Corporation, proceed with a spin-out of its research and development (R&D) subsidiary, Thermo Electron Technologies Corporation, in order to raise needed capital. And, if Thermo Electron Technologies was spun-out, how could a positive relationship with stockholders be maintained and what accounting strategy could be used to effectively show earnings. In order to pursue new markets with
Rating:Essay Length: 538 Words / 3 PagesSubmitted: May 18, 2010 -
Accounting 101
Accounting 101 2nd Essay. During the second half of this first quarter in Accounting, I have been taught; how to take the Adjustments and other key info and to apply this to the Journal and carry it over to complete the Ledger. After these have been completed I can take this info and use it to complete the Adjusting Entries, Un-Adjusted trial balance and complete the Post closing trial balance. The Journalizing of all accounts
Rating:Essay Length: 282 Words / 2 PagesSubmitted: May 25, 2010 -
Accounting Information System
An accounting information system (AIS) is the system of records a business keeps to maintain its accounting system. This includes the purchase, sales, and other financial processes of the business. The purpose of an AIS is to accumulate data and provide decision makers (investors, creditors, and managers) with information to make decision While this was previously a paper-based process, most modern businesses now use accounting software such as UBS, MYOB etc. Information System personnel need
Rating:Essay Length: 425 Words / 2 PagesSubmitted: May 29, 2010 -
Lean Accounting and the Basics of Accounting
Accounting scholar A.C. Littleton describes seven key ingredients which led to the creation of accounting systems today. The seven key ingredients include private property, capital, commerce, credit, writing, money and arithmetic. As the economy became more complex is was important that some form of tracking these financial investments was done accurately. Accounting is now a very important aspect to our everyday economy. Without it no business organizations would be able to operate efficiently. Accounting is
Rating:Essay Length: 2,122 Words / 9 PagesSubmitted: May 29, 2010 -
Accounts Paper2
QUESTION #1. PART A Generally speaking, an asset is any item of property that has monetary value. Assets are shown in the balance sheets of businesses. One requirement for an asset is that it must be acquired in a transaction. Your mechanical knowledge and skills is not included as an asset to the business due to the fact that firstly, they were not acquired in a specific transaction that your business took part in, such
Rating:Essay Length: 255 Words / 2 PagesSubmitted: May 30, 2010 -
Explain the Inextricable Connection of the Dreaming, the Land and Identity, Talking into Account the Diversity of the Dreaming for Abriginal Peoples.
EXPLAIN THE INEXTRICABLE CONNECTION OF THE DREAMING, THE LAND AND IDENTITY, TALKING INTO ACCOUNT THE DIVERSITY OF THE DREAMING FOR ABRIGINAL PEOPLES. The Aboriginal people’s inextricable connection to the Land and the natural world provides a link between the people and the Dreaming. This untieable connection dictates their way of life, their Laws, their beliefs, their values and the way in which they treat others individually. This connection has lived and grown within every Aboriginal
Rating:Essay Length: 1,247 Words / 5 PagesSubmitted: May 31, 2010 -
Accounting Analysis of Colorado Group
Table of Contents EXECUTIVE SUMMARY 5 INTRODUCTION 6 BENCHMARKING 6 RATIO ANALYSIS 7 PROFITABILITY 8 Gross Profit Margin 8 Net Profit Margin 9 Earnings Before Interest and Taxes Margin 9 Earnings Before Interest Tax Depreciation and Amortisation Margin 10 Return on Equity 10 Return on Assets 11 Return on Invested Capital 11 ACTIVITY/EFFICIENCY 12 Debtors Turnover 12 Average Days Sales Uncollected 12 Inventory Turnover 13 SHORT TERM LIQUIDITY 14 Current Ratio 14 Quick Ratio 14
Rating:Essay Length: 7,140 Words / 29 PagesSubmitted: May 31, 2010 -
Cost Accounting Ethics Essay
Accounting has a long history of being an ethical profession. In recent years, however, some companies have asked their accountants to help “manage earnings.” What does it mean to manage earnings? Who is more likely to be involved in such a situation, the financial accountant or the management accountant? Why? Do you believe that managing earnings is ethical? Discuss the rationale for your answer. The major role of financial reporting is to effectively communicate financial
Rating:Essay Length: 562 Words / 3 PagesSubmitted: June 1, 2010 -
Abc Cost Accounting
: back to the early 1980s, established by three entrepreneurs, Abbott, Guidry, and Scott. They recognized an opportunity in the water purification equipment industry and created a niche manufacturing company producing high quality brass valves. With Steve Abbott's business sense, John Scott's established rpnlttot:~-' .. manufacturing industry, and Roland Guidry's administrative expertise; the founders 0 )ducts quickly grew their company into the leading water purification supplier. They cllversified their product line quickly adapting the manufacturing-
Rating:Essay Length: 277 Words / 2 PagesSubmitted: June 2, 2010 -
Khantal Accounting
What was the Khantal president attempting to accomplish with the Account Management System? Are these sensible goals? The president wanted to move away from their traditional financial accounting categories, they wanted to classify organizational costs as Order related or Volume costs. He wanted to allocate resources so that we could increase profits while maintining a return on employed capital in excess of 20%. They were indeed sensible goals, the president wanted to increase profitability by
Rating:Essay Length: 380 Words / 2 PagesSubmitted: June 3, 2010 -
Accounting Standards
Accounting Standards and Their Importance AS-1: DISCLOSURE OF ACCOUNTING POLICIES The following is the text of the Accounting Standard (AS) 1 issued by the Accounting Standards Board, the Institute of Chartered Accountants of India on 'Disclosure of Accounting Policies'. The Standard deals with the disclosure of significant accounting policies followed in preparing and presenting financial statements. AS-2: VALUATION OF INVENTORIES A primary issue in accounting for inventories is the determination of the value at which
Rating:Essay Length: 2,172 Words / 9 PagesSubmitted: June 3, 2010 -
Accounting Information Systems
The first chapter is an overview of Accounting Information Systems. .Accounting Information Systems - a collection of resources, such as people and equipment to transform data into information. .An organization depends on Information Systems in order to stay competitive. .Two types of user in accounting information: external and internal. External users include: Stockholders, investors, creditors, government agencies, customers and vendors, competitors, labor unions, and the public. They depend on a variety of outputs from an
Rating:Essay Length: 408 Words / 2 PagesSubmitted: June 4, 2010 -
Financial Accounting
ACCT 2301 THE ANNUAL REPORT PROJECT DUE DATE FOR ANNUAL REPORT BOOKLET OR IF YOU USE THE INTERNET THE COPIES OR BOOKLET WITH THE 4 Financial Statements: MARCH 22, 2005 NOTES TO THE FINANCIAL STATEMENTS: APRIL 12, 2005 DUE DATE FOR FINAL PROJECT: MAY 3, 2005 (Beginning of class) Instructions: You must choose a U.S. Company that is publicly traded on the NYSE or the NASDAQ that has inventory and cost of sales in other
Rating:Essay Length: 1,517 Words / 7 PagesSubmitted: June 4, 2010 -
Managerial and Financial Accounting Report
Managerial and Financial Accounting Repor Managerial Accounting and Finance Foundations FIN 540 February 27, 2006 Financial Accounting vs. Managerial Accounting The key difference between financial and managerial accounting is that financial accounting is aimed at providing information to parties outside the organization. In contrast, managerial accounting information is aimed at helping managers within the organization make decisions. According to Kieso and Weygant, financial accounting is the process that culminates in the preparation of financial reports
Rating:Essay Length: 865 Words / 4 PagesSubmitted: June 9, 2010 -
Financial Accounting
• What is the history of this company? A brief history of Pier 1 is that the company established its corporate headquarters in Fort Worth, Texas in 1966, with 16 store locations. In 1970; Pier 1 went public and became listed on the American Stock Exchange, then in 1972 joined the New York stock exchange, having 123 stores that had 100% of sales at that time. In the new millennium Pier1 launched their online market.
Rating:Essay Length: 494 Words / 2 PagesSubmitted: June 10, 2010 -
Fair Value Accounting
CONTENTS 1. INTRODUCTION..............................................................................................................................52. BACKGROUND................................................................................................................................53. THE FAIR VALUE MODEL...............................................................................................................83.1 DEFINITION ...............................................................................................................................83.2 ARGUMENTS IN FAVOUR OF FULL FAIR VALUE ...................................................................93.3 CRITICISMS OF THE FAIR VALUE MODEL............................................................................103.3.1 Relevance of fair value for banks' accounting practices ..............................................113.3.2 Reliability of fair value .....................................................................................................113.3.3 Comparability of financial information ...........................................................................123.3.4 Impact on the stability of the system..............................................................................134. APPLICATION OF THE FAIR VALUE MODEL .............................................................................134.1 GENERAL POINTS ..................................................................................................................134.2 APPLICATION OF FAIR VALUE TO FINANCIAL INSTRUMENTS ..........................................144.2.1 Instruments with an active market..........................................................................................154.2.2 Financial instruments
Rating:Essay Length: 1,331 Words / 6 PagesSubmitted: June 12, 2010 -
Accounting Principals
Memo In any business no matter how big or small financial statements are crucial if achieving success is the ultimate goal. There are three main types of financial statements, they are: Income statement, balance sheet and statement of owner’s equity. All three of these financial statements can be looked upon to see where changes can be made in a company to ensure better success. The income statement is important because it presents the revenues
Rating:Essay Length: 397 Words / 2 PagesSubmitted: June 13, 2010 -
Accounting Ethics
When examining the effect of open marketing on the profession of accounting it is important to view it from three perspectives: the client's, the profession's, and society's. Additionally, two key areas that are affected by marketing must be addressed, these are concerning competition, and ethical implications. Marketing in public accounting is here to stay therefore making an argument against its existence would be fruitless; however, in order to achieve maximum benefit to the firm, the
Rating:Essay Length: 1,865 Words / 8 PagesSubmitted: June 17, 2010 -
Accounting
EX 19-2 a. Cost of goods sold: Sales $7,000 Less gross profit 265,000 Cost of goods sold $510,000 b. Direct materials cost: Materials purchased $303,000 Less: Indirect materials $ 32,000 Materials inventory 35,000 67,000 Direct materials cost $236,000 c. Direct labor cost: Total manufacturing costs for the period $620,000 Less: Direct materials cost $236,000 Factory overhead 112,500 348,500 Direct labor cost $271,500 EX 19-10 Predetermined overhead rate 1,400,000/30,625 = $45.71 per labor hour EX 19-14
Rating:Essay Length: 1,562 Words / 7 PagesSubmitted: February 8, 2011 -
Accounting
Appendix B Profitability Analysis Solutions to Questions B-1 Absolute profitability measures the impact on overall profits of adding or dropping a particular segment, such as a product or customer, without making any other changes. B-2 Relative profitability involves ranking segments, each of which may be absolutely profitable, for the purpose of making trade-offs among the segments. Such trade-offs are necessary when a constraint exists. Otherwise, they are not necessary. B-3 Every business that seeks to
Rating:Essay Length: 403 Words / 2 PagesSubmitted: April 20, 2011 -
Individual Case: Bill and Account Collectors
Individual Case: Bill and Account Collectors Human Resources Management Lea Purdy Table of Contents Job Specifications…………………………………………………………. 3 Selection System…………………………………………………………... 4 Interview Process………………………………………………………...... 5 Training Programs…………………………………………………………. 6 Performance Appraisal…………………………………………………….. 7 Appendix A: Interview Questions…………………………………………. 8 Appendix B: Performance Appraisal Form………………………………... 9 Job Specifications: The individual performing the duties of the Bill and Account Collector will have many responsibilities including, but not exclusive to the following: One must first insure that the billing is correct. From
Rating:Essay Length: 1,147 Words / 5 PagesSubmitted: April 22, 2011 -
Accounting
Accounting view points The adoption of a particular viewpoints of accounting is a function of a range of factors including history and culture, soceital values, the nature of economic activity and the objectives of those who prepare intrepret and apply accounting information. The established objective of the accounting is the measurement and reporting of the economic activity of an entity. Then, there are significant changes to reporting by entities because of the consideration of the
Rating:Essay Length: 930 Words / 4 PagesSubmitted: April 26, 2011 -
Accounting Degree and Career Path
Most accountant and internal auditor positions require a bachelor's degree in accounting or a related field. For example, to begin an accounting or auditing position in the Federal Government, a person usually need to have 4 years of college education, in which 24 semester hours are spent on accounting or auditing, or an equivalent combination of education and experience. While many employers prefer applicants with a master's degree in accounting or a master's degree in
Rating:Essay Length: 324 Words / 2 PagesSubmitted: April 26, 2011 -
McI Worldcom Accounting Scandal
WorldCom, originally Long Distance Discount Services (LDDS) was formed in 1994 with the take over of several telecommunications companies including Communications Group, Inc, and WilTel Network Services (Funding Universe, 1999). WorldCom's CEO Bernard Ebbers, who had also been LDDS's CEO since 1985 had a history of acquiring other telecommunications companies, which paid off in 1998 with the $37 billion purchase of MCI (Funding Universe, 1999). The two companies merged and became MCI WorldCom, "one
Rating:Essay Length: 1,142 Words / 5 PagesSubmitted: April 28, 2011 -
Audit and Accountancy
Audit management Audit management is responsible for ensuring that board-approved audit directives are implemented. Audit management oversees the internal/external audit staff, establishes audit programs, and hires and trains the appropriate audit personnel. The staff should have the necessary skills and expertise to identify inherent risks of the business and assess the overall effectiveness of controls in place relating to the company's internal controls. Internal audit is a function setup the organisation to reduce the risk
Rating:Essay Length: 4,156 Words / 17 PagesSubmitted: April 29, 2011