Accounting Essays and Term Papers
368 Essays on Accounting. Documents 301 - 325
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Accounting for Leases - Ias 17 Leases
Introduction IAS 17 Leases sets out the treatment for reporting lease transactions in the financial statements. Leases are a major source of finance to a business and it is important that the financial statements disclose sufficient information to the readers of the financial statements. IAS 17, paragraph 10, states, "whether a lease is a finance lease or an operating lease depends on the transaction rather than the form of contract". Substance over form Information in
Rating:Essay Length: 494 Words / 2 PagesSubmitted: April 30, 2011 -
Careers in Accounting
CAREERS IN ACCOUNTING ABSTRACT Many of us probably have made up our minds on which career path to follow. There are myriad of careers in business that people may decide to follow. One of the career options is accounting. Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions including computing costs and efficiency gains
Rating:Essay Length: 1,777 Words / 8 PagesSubmitted: April 30, 2011 -
Jawaban Soal Latihan Intermediate Accounting Contingent Liability 2011
"An existing condition, situation, or set of circumstances involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur." ("Accounting for Contingencies," Statement of Financial Accounting Standards No. 5 (Stamford, Conn.: FASB, 19), par. 1). Typical Gain Contingencies are: Possible receipts of monies from gifts, donations, and bonuses. Possible refunds from the government in tax
Rating:Essay Length: 308 Words / 2 PagesSubmitted: May 1, 2011 -
Accounting of Forest Carbon Sinks
Today, forests in the northern hemisphere are a sink for carbon dioxide (CO2) from the atmosphere, partly due to changes in forest management practice and intensity. Parties of the Kyoto Protocol had the option to elect to account for direct human-induced carbon (C) sources and sinks from land management activities since 1990. The effect of age–class structure of a forest landscape resulting from past practices and disturbances before the reference year 1990 should be excluded,
Rating:Essay Length: 352 Words / 2 PagesSubmitted: May 4, 2011 -
The Politics of Accounting Standards
The Politics of Accounting Standards Over the past two decades there has been a growing controversy over the rules set forth involving the expensing of stock options. The big debate is between whether companies should have to expense stock options on their income statement, or just disclose the cost of the options in the footnotes and not actually record an expense. FASB has been pushing toward making it mandatory to expense stock options at the
Rating:Essay Length: 926 Words / 4 PagesSubmitted: May 5, 2011 -
Accounting
Akuntansi merupakan determinan dari sebuah ideologi yang mendominasi. Sebab sebagai sebuah informasi bisnis, akuntansi didesain sedemikian rupa untuk memenuhi kepentingan pihak-pihak "penguasa" dalam konteks dimana ideologi tersebut berada. Ketika akuntansi digunakan pada basis masyarakat sosialis maka akuntansi akan memperoleh implikasi nilai berupa kolektivisme, egalitarianisme serta kontra strata-hirarkis. Begitupun sebaliknya, akuntansi akan terkena dampak nilai-nilai individualistis, egosentris, dan logosentris manakala ia diterapkan dalam konteks masyarakat yang kapitalistik. Inilah yang menjadi karakter mendasar dari akuntansi. Bahwa ia
Rating:Essay Length: 608 Words / 3 PagesSubmitted: May 6, 2011 -
Accounting Case Study
• For the first provision, if would not preclude sales accounting because it is one of the conditions in 40-18 that clearly states "A requirement to obtain the transferor's permission to sell or pledge that is not to be unreasonably withheld" …. "do not preclude transfer subject to such condition from being accounted for as a sale. The second provision because it is a repurchase of accounts receivable at a fixed price, results in a
Rating:Essay Length: 318 Words / 2 PagesSubmitted: May 10, 2011 -
Corporate Accountability
Corporate accountability is a broad term that is described in the following way according to 12 Manage -The Executive Fast Track (2011): "The moral or legal obligation for companies of being accountable to the shareholders or the stakeholders of the organization or even society as a whole". The problem with corporate accountability lies in who has the authority to ensure that increasingly large multinational corporations are accountable for their activities, accept responsibility for their actions,
Rating:Essay Length: 997 Words / 4 PagesSubmitted: May 10, 2011 -
International Accounting Standard
1. Introduction The question we address is whether application of International Accounting Standards (IAS) is associated with higher accounting quality than application of non-US domestic standards.1 In particular, we investigate whether accounting amounts of firms that apply IAS exhibit less earnings management, more timely loss recognition, and higher value relevance than accounting amounts of firms that apply domestic standards. The accounting amounts that we compare result from the interaction of features of the financial reporting
Rating:Essay Length: 9,861 Words / 40 PagesSubmitted: May 14, 2011 -
Finishing Management Accounting Group Assignment, I Have Learned Many Useful Things
Finishing Management Accounting Group Assignment, I have learned many useful things. Firstly I learned how to prepare budgets and variance report for manufacturing companies. During preparing forecast for two companies: Hayes and F02 Manufacturing Company, I realized that budgets are very important with the business. They help the business control costs well and can understand what should do in order to reduce risk and improve performance. On other hand, there are many types of budgeting
Rating:Essay Length: 303 Words / 2 PagesSubmitted: June 6, 2011 -
Accounts Payable in Bpo Scenario
Accounts Payable in BPO The workflow of A/P in BPO industry can be described as follows: 1. Receiving Scanned Invoices: The client company scans its vouchers and vendor's invoices as and when they are received. 2. Preparing and updating Master database of vendors: A master database for vendors information is prepared which includes details of vendors, his address, tax code, etc. Additional notes relating to vendors are also entered. 3. Documents Review: The scanned
Rating:Essay Length: 1,452 Words / 6 PagesSubmitted: October 28, 2011 -
Accounting and Business Ethics
Q 1: Analyse Burton using the value chain model and Competitive forces model. (Primary Activities of Value Chain) Ans: In the case of Burton Snowboard we came to know that first of all Burton gives prime concern to their customers, as we read in the case there was a example given that “ If a rider tests a jacket and then he recommend for a zipper, so then burton’s producers tried their level best to
Rating:Essay Length: 732 Words / 3 PagesSubmitted: July 4, 2014 -
Management Accounting and Control Systems in Az Monica
Assignment Management Accounting Management accounting and control systems at AZ Monica Macintosh HD:Users:peterwalleghem:Downloads:Monica.jpg Module: Management accounting II Faculty: Prof Geert Scheipers Veerle Baekelandt Antwerp Management School Due Date: December 12, 2013 Part-time Executive MBA Assignment Management Accounting Management accounting and control systems at AZ Monica 1. Setting the scene This paper is about the management accounting and control systems at AZ Monica, a hospital with the focus on secondary health care. AZ Monica is a
Rating:Essay Length: 2,081 Words / 9 PagesSubmitted: July 23, 2014 -
Key Accounting Policies
Accounting analysis Key Accounting Policies Inventory: STLD record inventories at lower of cost or market. Cost is determined using a weighted average cost method for scrap, and on a first-in, first-out, basis for other inventory. It also record amounts required to reduce the carrying value of inventory to its net realizable value as a charge to cost of goods sold Goodwill: Goodwill is allocated to various reporting units, which are generally one level below its
Rating:Essay Length: 5,211 Words / 21 PagesSubmitted: September 1, 2014 -
Accounting Information Systems and the Accountant
Chapter 1 Accounting Information Systems and the Accountant True-False Questions 1. The acronym AIS stands for “Accounting Information Standards.” 1. Accounting information systems must be computerized to be effective. 1. It is best to view an AIS as an accounting system that must be computerized. 1. AISs often create information that is useful to non-accountants. 1. In order to be useful, raw accounting data must be processed by a computer. 1. The path that data
Rating:Essay Length: 3,846 Words / 16 PagesSubmitted: September 10, 2014 -
Accounting Memo. Deloitte Case
To: Professor Jack Winstead From: Lucy Furlong Date: 10/22/2014 Re: eVade Case The main problem with eVade is that the company owes taxes from the previous five years as a result of a court ruling in favor of State X, but was not planning to pay them until an amnesty program was established in 2012. They now owe 50 million in taxes, 6 million in interest, and 4 million in penalties. The new amnesty program
Rating:Essay Length: 482 Words / 2 PagesSubmitted: November 13, 2014 -
Cost Accounting
The Goal Assignment 10/21/2013 Cost Accounting 1. In the Beginning of The Goal Alex is struggling to make his plant efficient and has a major backlog of project that needs completion that are past deadline. He is on the firing block if he cannot completely reverse the path he has been heading down. He does by revaluing his goal for his plant and taking that the goal is for his plant is to make money
Rating:Essay Length: 1,192 Words / 5 PagesSubmitted: November 18, 2014 -
Accounting Study
BRIEF EXERCISE 1-8 Beginning of Year: Assets = Liabilities + Shareholders’ equity Beginning of Year: $800,000 = $500,000 + Shareholders’ equity Beginning of Year: Shareholders’ equity = $300,000 (a) ($800,000 + $150,000) = ($500,000 – $80,000) + Shareholders’ equity Shareholders’ equity = $530,000 (b) Assets = ($500,000 – $50,000) + ($300,000 + $50,000 + $,000) Assets = $8,000 (c) ($800,000 – $80,000) = Liabilities + ($300,000 + $110,000) Liabilities = $310,000 BRIEF EXERCISE 1-10 (a)
Rating:Essay Length: 451 Words / 2 PagesSubmitted: November 19, 2014 -
Bentley Accounting Report
Rolls Royce 2013 Financial annual report analysis Accounting in Organization Name Institution ________________ Table of content Introduction 2 Q1 2 Q2 2 Q3 6 Q4 6 Q5 7 Q6 8 Q7 8 Q8 8 Q9 9 Q10 9 Q11 9 Q12 9 Conclusion 11 References 12 ________________ Introduction Rolls Royce holdings is the world’s second biggest maker of aircraft engines. The company also has key businesses in energy and the marine propulsion sectors. In 2012,
Rating:Essay Length: 4,002 Words / 17 PagesSubmitted: December 5, 2014 -
Accounting Finance Formula
Market capitalization – number of shares outstanding multiplied by price per share (do not confuse with market capitalization rate). Liquidity – the ability to convert an asset into cash easily and at fair value * Long position – if you are “Long” a stock, you own it. * Short position -- If you are “Short” as stock, you have shorted it. Order Type Purpose Trigger price Market Order Trade (buy, sell or short) at current
Rating:Essay Length: 687 Words / 3 PagesSubmitted: December 17, 2014 -
The Reasons Fasb Released Accounting Standards Codification
AC 600 – Current Topics Spring, 2015 February 2, 2015 Synthesis – MODULE 6 The articles in the reading set mainly talk about FASB codification and the guidance of using it. This set of reading can be divided into three groups: (1) the reasons FASB released accounting standards codification; (2) benefits of FASB accounting standard codification. (3) guidance of using FASB accounting codification. The articles together give me a general view about FASB new released
Rating:Essay Length: 812 Words / 4 PagesSubmitted: February 20, 2015 -
Students Should Not Be Allowed a Facebook Account
“Should young children be allowed to own a facebook account?’’ This is the question which parents are batting around. Young children are those who are 6-12 years old. Currently, Facebook requires everyone to be at least 13 years old before they can create an account, which in other words doesn’t allow young children to own a Facebook account. Some supported what facebook did while some disagreed. In my opinion, young people should not be
Rating:Essay Length: 564 Words / 3 PagesSubmitted: May 3, 2015 -
Husband or Bank Account
Preisler Destini Preisler Mrs. Corsun English Period 4/5 September 16, 2014 Husband or Bank Account From the first line of Pride and Prejudice, Jane Austin grabs our attention with a line referring to marriage. “It is a truth universally acknowledged, that a single man in possession of a good fortune, must be in want of a wife,” (Austin 1). This first sentence really caught my eye and made me think of the saying, “It doesn’t
Rating:Essay Length: 1,180 Words / 5 PagesSubmitted: May 21, 2015 -
The Effects of Technoogy on the Accounting Profession
THE EFFECTS OF TECHNOLOGY ON THE ACCOUNTING PROFESSION The Effects of Technology on the Accounting Profession Jessica Y Hicks ACC/ 340 Irene Branum 6/1/2015 The Effects of Technology on the Accounting Profession In today’s corporate world accounting technology is a very important part of almost every company whether big or small. A lot of people do not even think about much of a role accounting technology plays in running a business. Accounting information systems can
Rating:Essay Length: 743 Words / 3 PagesSubmitted: June 7, 2015 -
Accounting Principles Paper
In 2001, two engineers created Jervis-Bannister, Inc. with little business and no accounting training. In 2013, the company was acquired by one of their major manufacturers. After conducting an internal audit that same year, many false accounting facts were surfaced. In this paper, I will identify whether the six false accounting facts represent an accounting error or accounting change and if so what type. I will also explain the accounting and reporting guidelines for each
Rating:Essay Length: 2,112 Words / 9 PagesSubmitted: August 5, 2015