Introductory Accounting Finance Essays and Term Papers
515 Essays on Introductory Accounting Finance. Documents 151 - 175
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Determining Account Balances
Once transactions have been analyzed and recorded in a journal, it is necessary to classify and group all similar items. This is accomplished by the bookkeeping procedure of posting all the journal entries to appropriate accounts. As indicated earlier, accounts are records of like items. They show transaction dates, increases and decreases, and balances. For example, all increases and decreases in cash arising from transactions recorded in the journal are accumulated in one account called
Rating:Essay Length: 271 Words / 2 PagesSubmitted: December 28, 2009 -
Accounting
Accounting is a career that offers many job opportunities and advancements, and a little hard work will inevitably lead to happiness and success. Accountants have different duties depending on the size and nature of the company where they are employed. Usually accountants prepare and analyze financial reports that polish up-to-date information for government agencies, businesses, and other organizations. The data accountants provide information that influences nearly every business and government decision. This is important because
Rating:Essay Length: 714 Words / 3 PagesSubmitted: December 28, 2009 -
International Accounting Standards Board
International Accounting Standards Board Dawn Becker University of Phoenix- ACC440 Mike Raponi September 5, 2005 International Accounting Standards Board History "The International Accounting Standards Board (IASB) was preceded by the Board of the International Accounting Standards Committee (IASC), which operated from 1973 until 2001." http://www.lasb.org/about/history.asp . The International Accounting Standards Board (IASB) was founded on April 1, 2001. Its role is to encourage companies nationwide, that are doing business with the United States, to adopt
Rating:Essay Length: 623 Words / 3 PagesSubmitted: December 29, 2009 -
Tax Law and Accounting Papaer
Tax Law and Accounting ACC/483 Income Tax Accounting Joshua Montgomery 5/19/2008 Tax Law and Accounting Paper There has been some wide controversy within the accounting field between tax law and accounting under the General Accepted Accounting principles, GAAP. The Internal Revenue Service tax code does not always agree with the regulations published by the GAAP. The IRS has published some of its own statutes that govern tax accounting and laws. When studying tax law and
Rating:Essay Length: 1,377 Words / 6 PagesSubmitted: December 29, 2009 -
Accounting Theory
Abstract The case study: Cool Waters Year in Review 2008 is a comprehensive case study of an actual firm that is currently operating in Trinidad and Tobago. The Cool Waters case touches aspects of both financial and managerial accounting at an advanced level, as well as decision-making at an advanced managerial level. Although it is predominantly fictional, it is based on a number of actual events that took place within the local firm. The case
Rating:Essay Length: 2,290 Words / 10 PagesSubmitted: December 29, 2009 -
Accounting Principles and Ethics
Accounting Principles and Ethics A health care organization is believed to be a place where there is care, organization, consistency, and support; a place where patients need to feel and see the unity and harmony within the organization. Health care organizations necessitate this consistency, unity, and organization within because of its dependency on its’ patients and to provide the proper care for such a diverse group of individuals. A health care organization also needs consistency
Rating:Essay Length: 516 Words / 3 PagesSubmitted: December 29, 2009 -
Accounting and Auditing Processes
Justin Denman Accounting and Auditing Processes March 4, 2000 Writing Assignment #1 Revenue Recognition Policies The purpose of this paper is to compare the revenue recognition policies of two companies in the search, detection, navigation, guidance, and aeronautical systems industry. The two companies I have selected are Aerosonic Corporation, and Esco Electronics Company. Esco Electronics Company is engaged in the design, manufacture, sale and support of engineered products. These products are used principally in filteration/fluid
Rating:Essay Length: 896 Words / 4 PagesSubmitted: December 30, 2009 -
Why Are Ethics Important in the Accounting Profession?
Why Are Ethics Important In The Accounting Profession? Sheree Fletcher CE CAPSTONE COURSE FOR THE ASSOCIATES DEGREE IDS399 September 10, 2006 What does ethics have to do with accounting? Everything, since there have been some recent financial accounting scandals; a few examples being Xerox, WorldCom, Enron, which have generated much unwanted and unfavorable publicity for CPA’s, including those working as controllers or chief financial officers for organizations. When you hear the word “ethics,” what
Rating:Essay Length: 1,384 Words / 6 PagesSubmitted: December 30, 2009 -
Accounting
Accounting is a career that offers many job opportunities and advancements, and a little hard work will inevitably lead to happiness and success. Accountants have different duties depending on the size and nature of the company where they are employed. Usually accountants prepare and analyze financial reports that polish up-to-date information for government agencies, businesses, and other organizations. The data accountants provide information that influences nearly every business and government decision. This is important because
Rating:Essay Length: 783 Words / 4 PagesSubmitted: December 30, 2009 -
Accounting Case Study on General Mills
Accounting Case Study on General Mills General Mills, Inc. Financial Accounting Case Study Module 1: A. General Mills Consolidated Statements of Earnings: 1. The recorded sale amount of almost $8 billion is not the actual amount of cash collected. The amount of $8 billion includes cash and credit sales. 2. Sales increased each year from 2000 to 2002. The difference between the year 2000 and 2001 was a 5.35% increase (5,450-5,173/5,173 = .0535). The difference
Rating:Essay Length: 1,405 Words / 6 PagesSubmitted: December 31, 2009 -
Ethics - Fasb - Accounting - Ethical and Legal Obligations Paper
Week Two - Ethical and Legal Obligations Paper Ethical standards have had vast changes over the years. Michael Josephson, in Chapter 1 of Ethical Issues in the Practice of Accounting, 1992, described the "Ten Universal Values." They were as follows: honesty, integrity, promise-keeping, fidelity, fairness, caring, respect for others, responsible citizenship, pursuit of excellence, and accountability. Good ethics does not always mean good business practices. The purpose of ethics in business is to direct business
Rating:Essay Length: 1,250 Words / 5 PagesSubmitted: December 31, 2009 -
The Accountant: An Analysis of Negotiation
The Accountant: An Analysis of Negotiation “Can one man, one hard drinking, chain smoking, backwoods accountant, stop a national conspiracy, change the course of history, and save a way of life? It's do-able... but it ain't gonna be purdy.” The tagline for the 38 minute 2001 Oscar winner for Best Live Action Short Film, The Accountant, helps illustrate two men sharing a common goal, saving the farm to preserve a way of life. The Accountant
Rating:Essay Length: 1,941 Words / 8 PagesSubmitted: January 1, 2010 -
Presidential Campaign Financing
Running Head: Presidential Campaign Financing Presidential Campaign Financing and Spending Michael P. Caldwell Herzing College Abstract President Bush won reelection against Sen. John Kerry in a presidential race that shattered previous fundraising and spending records to become the most expensive in U.S. History. Both candidates benefited from the Bipartisan Campaign Reform Act, which went into affect just before the 2004 election cycle began and doubled the individual contribution limit from $1,000 to 2,000 dollars. Anyone
Rating:Essay Length: 385 Words / 2 PagesSubmitted: January 2, 2010 -
Bp Accounting Ratios
A company?s financial statements and ratios are good indicators of its performance over the years. This report specifically compares the ratios for 2004 and 2005, with some additional insight into 2003, 2002, and 2001. The current ratio has increased by 0.0534 from 0.9900 to 1.434. As the current ratio is a measure of liquidity and ability to meet short-term debt requirements, BP was more able to meet their short term debt obligations in 2005 than
Rating:Essay Length: 324 Words / 2 PagesSubmitted: January 2, 2010 -
Capital Account Convertibility in India
INTRODUCTION The objective of this paper is to discuss the highly intensified debate on the issue of Capital Account Convertibility (CAC) in India. There is no formal definition of Capital Account convertibility but the Tarapore committee set up in February 1997 gave a pragmatic working definition of CAC as “CAC refers to the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. It is associated
Rating:Essay Length: 1,426 Words / 6 PagesSubmitted: January 2, 2010 -
Public Company Accounting Oversight Board; Will It Protect Investors?
Public Company Accounting Oversight Board; Will it Protect Investors? The Public Company Accounting Oversight Board (PCAOB) was created by Sarbanes-Oxley Act of 2002. This board was created to oversee the audit of public companies, subject to the securities laws, in order to protect the interests of investors (15 USC 7201, 2002). It was created in wake of the recent financial scandals of Enron, WorldCom, and Global Crossing to name a few. This “Act” established by
Rating:Essay Length: 726 Words / 3 PagesSubmitted: January 2, 2010 -
An Accounting Problem
The annuities department was faced with an accounting problem. The current accounting system would be obsolete in a few years and our business customers are currently experiencing resource issues when problems arise and support for this system is required. Since financial reporting is a complex process, convoluted action was required to resolve this problem. The annuity technology group, along with the annuity business group came up with three possible solutions and conducted a high level
Rating:Essay Length: 1,241 Words / 5 PagesSubmitted: January 3, 2010 -
Tax Law & Accounting Paper
Tax Law and Accounting Sue Abraham University of Phoenix Tax Law and Accounting The word “tax” did not become a household name until the late 1800’s when congress created the nation’s first income tax law. Prior to this law the government used tariff’s and imported goods to help support the economy. However, in order to bring in more revenue to help cover the costs of the civil war the government had to make necessary
Rating:Essay Length: 895 Words / 4 PagesSubmitted: January 3, 2010 -
Financing Healthcare
The first financing mechanism of healthcare is health insurance. This helps in distributing risk. With an individual, health is uncertain, but with group statistics health is a little more predictable. This insurance pays less than the total loss incurred by levying out-of-pocket or even direct costs on the patient. This is due to the fact of “moral hazard”. Moral hazard is the temptation to use the insurance when it is not really needed. The issue
Rating:Essay Length: 664 Words / 3 PagesSubmitted: January 5, 2010 -
Global Financing and Rate Mechanisms Paper
Global Financing and Rate Mechanisms Paper Purchasing Power Parity Onofre Castaсeda University of Phoenix Jose L. Hernandez MGT/448: Global Business Strategies May 06,2006 Purchasing power parity, or PPP, is a mechanism used to calculate an alternative exchange rate between the currencies of two countries. The PPP is an international measure of how much a currency can buy, since goods and services have different prices in some countries than in others. PPP exchange rates are
Rating:Essay Length: 588 Words / 3 PagesSubmitted: January 5, 2010 -
Accounting Regulatory Bodies
Accounting is extremely important when it comes to the success of organizations. Organizations can only be successful if there are investors willing to invest into that organization and accurate accounting allows investors to get a good financial picture of the organization that is being looked at. There are several different accounting regulatory bodies and each one of them is very important when it comes to accounting and the effects that accounting has on organizations. The
Rating:Essay Length: 456 Words / 2 PagesSubmitted: January 5, 2010 -
The Objective of Accounting
The objective of accounting is to provide decision-makers with accurate and useful information for making business decisions. Good accounting information leads to better decisions, which lead to improved profitability (or greater services, in the case of not-for-profits). Accountants have realized that the information needs of external decision makers (such as stockholders, creditors, potential investors, government, labor unions, etc.) are different from those internal decision-makers (such as managers of the company). Accordingly, field of accounting has
Rating:Essay Length: 283 Words / 2 PagesSubmitted: January 5, 2010 -
Effects of Technology on the Accounting Profession
Effects Of technology On the Accounting Profession The accounting profession has experienced many different changes and as well as a tremendous amount of growth over the past century. (Schaefer, 1998) It's unfortunate that due to unethical accounting practices there has been an increased need for advanced technology of accounting systems in order to better monitor what is going on with organizations. The need for real time reports and financial information at the click of a
Rating:Essay Length: 689 Words / 3 PagesSubmitted: January 5, 2010 -
Governmental Accounting
After reviewing the different characteristics of both cities, it is clear to say that the city of Huntsville and the city of Bellaire are vastly different communities. Huntsville is a city of its own and relies solely on its own businesses. Most of the residents in Huntsville are employed at the Texas Department of Criminal Justice (TDCJ) system or Sam Houston State University (CAFR). Comparatively, Bellaire is mainly a residential community and most of
Rating:Essay Length: 598 Words / 3 PagesSubmitted: January 8, 2010 -
Accounting
AC505- MANAGERIAL ACCOUNTING WORKSHEETS COST OF GOODS MANUFACTURED SCHEDULE Direct Materials: Raw Materials Inventory _______ Add: Purchases of raw materials _______ Raw Materials Available for Use _______ Deduct: Raw Materials Inventory _______ Raw Materials ________ Direct Labor ________ Manufacturing Overhead: Rent on Facilities ________ Insurance ________ Indirect Labor ________ Utilities ________ Maintenance, factory ________ Depreciation, factory ________ Total Overhead Costs ________ Total Manufacturing Costs ________ Work in process inventory ________ Deduct: Work in process inventory
Rating:Essay Length: 369 Words / 2 PagesSubmitted: January 8, 2010