Accounting Essays


Autodine Restaurants Business Plan

being based in the United States, the business will make use of generally accepted accounting principles (GAAP). GAAP can be delineated as the rules and standards that are obligated for the generation of consistent and uniform financial reports by companies. However, it is imperative to note that being a private company, the business will not be mandated to adhere to the standards (Epstein et al., 2009). In the most recent strategic plan of the SEC, the body points out that it is prepared to take into consideration the notion of a single set of international accounting standards. This is… Continue Reading...

Multiple Deliverable Arrangements Codification

a contractually binding agreement with multiple deliverables. Given that such agreements generate challenging revenue recognition concerns, the Financial accounting Standards Board has established standards for Multiple Deliverable Arrangements in ASC 605-25. This codification section provides guidelines for transaction-specific revenue recognition and specific issues associated with activities that generate revenues. The items covered by this topic as Multiple Deliverable Arrangements are products, services or permission for asset utilization agreed upon by the vendor and customer either orally or written. This applies to all industries in which a vendor will perform several activities that are geared towards revenue generation. Therefore, items… Continue Reading...

Open Source Software

bodies in the field; IEEE and IEEE Computer Society are willing to provide legal, professional, or accounting guidelines on the matter. Therefore, for any party that seeks either legal or expert advice on OSS, then the services of another professional and competent individual should be sought. The Artificial Intelligence Laboratory of MIT initiated a similar project aimed at code enhancement by passing the source code among its programmers. However, IT advancements at the time resulted in the project losing momentum. In the year 1984, Richard Stallman, a programmer, launched the GNU Project (Fitzgerald et al., 2011). The GNU's General… Continue Reading...

Different but Related Accounting Scenarios

accounting Memo Feasibility of Bookstore Business Dear Sir or Madam, You had asked me to study and pore over the feasibility of taking your book store project into a self-sustaining career that would allow you to dedicate your full efforts to. To that end, I have prepared a data sheet and this brief memo to explain what challenges you face, what you have going for you and the overall feasibility of moving forward with this business endeavor. Fixed Costs As people in the accounting sphere know, fixed… Continue Reading...

Large Corporations Engage in Dishonest Business Practices

of Andrew Forrest and Gina Rinehart, one agrees that ethics in the accounting profession plays a major role when it comes to the morality of business. For example, Gina Rinehart is said to have paid the total tax rate that her company was supposed to pay, which amounted to about $446 million. The implication is that not all businesses are immoral. The tax return preparation done by the tax accountants in Gina's company was true and applied ethics. This means that ethics plays a major role when it comes to the issue of tax. The tax accountants either working… Continue Reading...

Importance Of Joining Professional Organizations

opportunities, boosting my employability, and enhancing my skills and knowledge. accounting is one of the professions in which professional organizations are commonplace. Five organizations that I can join include the American accounting Association (ACA), the National Society of Accountants (NSA), the Institute of Management Accountants (IMA), the American Institute of CPAs (AICPA), and the Association of Chartered Certified Accountants (ACCA). Though each of the five associations may be unique in its own way, they have three aspects in common with regard to purpose, meetings, and membership. First, each of the five associations aims to mould the future of the accountingContinue Reading...

Business Ethics

Health Effects of Long Working Hour. Journal of Business Ethics, 84(2). Retrieved, from http://link.springer.com/article/10.1007/s10551-008-9700-9 Poladian. (n.d.). accounting Software for Small Business - Intuit Quickbooks. Should You Give Employees Corporate Credit Cards? Retrieved September 8, 2016, from http://quickbooks.intuit.com/r/cash-flow/should-you-give-employees-corporate-credit-cards/ Writer Thoughts Continue Reading...

Apple Investment and Financial Analysis

(2010). Corporate governance and dividend policy: Shareholders' protection or expropriation? Journal of Business Finance & accounting, 37(5/6), 648 -- 667. doi:10.1111/j.1468-5957.2010.02192.x Agca, S., and Mozumdar, A. (2004). Firm size, debt capacity, and corporate financing choices. doi:10.2139/ssrn.687369 Apple Inc. (2015). Apple Inc. Investor Relations - Dividend History. USA. Apple, (2015). The Apple Supplier Code of Conduct. Apple Inc. USA. Faulkender, M, Milbourn, T. and Thakor, A. (2006). Does corporate performance determine the capital structure and dividend policy? doi:10.2139/ssrn.686865 Foerster, S., & Sapp, S. (2005). The dividend discount model in the long-run: A clinical study. Journal of Applied Finance, 5(2), 55… Continue Reading...

Cpa and Accounting Degree Letter

of this letter has been asked to presume that the author is a senior in college and studying accounting. The general priority of the author in this situation is to become a Certified Public Accountant upon graduation and otherwise meeting the requirement set forth for sitting for the exam and gaining the certification. Two questions are to exist when it comes to all of this. The first is what the author is going to do to achieve the author's goals and the second is what, if anything, will keep the author from achieving the author's goals. While it is… Continue Reading...

Anz Accounting

Referring to the attached file, provide four examples of accounting policy choices that ANZ Limited may have made in determining profit that may have increased this year's profit In delineation, an accounting policy is a decision undertaken in advance regarding the manner in which, when and also a decision whether to record and acknowledge an accounting item (Trotman and Gibbins, 2009). It takes into account a specific principle, rule, and approach executed by a firm's management team and is employed in the preparation of financial statements. These accounting policies are employed… Continue Reading...

Auditors Regulatory Oversight

In recent times, there have been accounting scandals that have stunned the finance and accounting realm, and thereby reemphasized the significance of maintaining proper accounting practices. The recent accounting scandal of Olympus Corporation, a Japanese manufacturing company for cameras and endoscopes is selected for this study. The company's scandal encompassed a 13-year period of accounting irregularities totaling almost $1.7 billion (Infinit accounting, 2014). Audit Report Issued by CPA Firm When Michael C. Woodford was appointed as president and Chief Executive Officer (CEO) of Olympus Corporation, he endeavored to make certain that the financial statements of… Continue Reading...

The Best Approach to Human Resources

contribute to that. For example, there needs to be a seat of power for human resources, accounting, customer service, information technology and any other department that plays a major role in the firm (IBM, 2016). Employees should feel empowered and enabled to offer their feedback and advice but those same employees should understand that they need to comply with the decisions made and the processes that are put in place. The other side of that coin is that management should not allow any sort of power vacuum to be created or subsist. They need to make it clear what… Continue Reading...

Psychology, Financial Decision-making, and Household Management

activities within the household such as saving, spending, investment in relation to mental budgeting and accounting. Articles Selected and Reason Thereto 1. Cheema, A., & Soman, D. (2006). Malleable mental accounting: The effect of flexibility on the justification of attractive spending and consumption decisions. Journal of Consumer Psychology, 16(1), 33-44. Mental accounts are deemed to be components for self-control, which are utilized by consumers in order to preclude any excessive consumption or spending. This particular article is chosen to advance the article by Antonides et al. (2011) and to indicate that under particular circumstances of uncertainty, the process of… Continue Reading...

My Life

know how to manage their funds or do their own accounting to help with saving and investing for their future. I feel that my talents and dedication will aid me greatly in this pursuit. In particular, my biggest objective in terms of my career would encompass eventually having my own firm and rigorously taking part in corporate social responsibility by preserving the environment. Nonetheless, life at all times has a way of generating new opportunities and I decline to stay entirely rigid in my plans. At this particular phase in my life, my path is directed towards attaining my… Continue Reading...

Recycling Research Proposal

energy used in the making of the new items, even accounting for the tertiary processing (Ackerman, 2013). This is for paper and metals, and may explain why these make up some of the greatest amounts of recycling, as seen in figure 1 below Table 2; Materials recycled from municipal solid waste (Duke University, 2016) This may also explain why, as costs of energy have been increasing, there has been an increased level of recycling, as seen in figure 3 below. (EPA, 2013) However, there appears to be a mismatch between the commercial interest and the consumers, as while there… Continue Reading...

Factors That Led to Enron Downfall in 2001

falsifying the auditing books. Essentially, Arthur Andersen was the major player in the Enron accounting scandal because the company approved Enron accounting practice despite Enron poor practices. The stamp approval from Arthur Anderson made many analysts start questioning the transparency of Enron's profit earnings, which consequently led to Enron and Andersen to be prosecuted for their reckless behaviors. Top management compensation was another factor leading to the fall of Enron. Similar to many top companies in the United States, Enron heavily compensated their management using the stock options to compensate the top management. Based on the company proxy statement… Continue Reading...

Organizing and Leadership Theories

(2016). Investigating the relationship between organizational structure factors and personnel performance. International Journal of Management, accounting and Economics, 3(2), 160-165. Organizing 1 Leadership Theories 3 Part 2: Leadership Theories The importance of effective leadership in organizational success is indisputable. In fact, leadership is what differentiates successful and high-performing organizations from the rest. Leadership is essentially the process of guiding a group of people to achieve a defined goal or objective (Landis, Hill & Harvey, 2014). Scholarly work on the topic of leadership has produced several theories that describe the characteristics and behaviors of successful leaders. Generally accepted theories of leadership… Continue Reading...

Accounting for a Lease

FASB accounting Case New Standards for Capital Leases Case Overview and Key Issues Sable., a company located in San Fransico, CA, specializes in the manufacturing of heavy equipment and have different financing options for clients to own or lease the heavy equipment that they produce. The first option is to purchase the machinery in a traditional standard sale for a lump sum price of $135,000 in which the customers purchases the equipment outright. Another option is for a client to lease the equipment for a… Continue Reading...

Project Management

from various levels of the organisational hierarchy and functions, including the board and senior management, finance and accounting, human resource, marketing, public relations, procurement, and the legal team. The team may also include outsiders such as tax experts. The role of each position within the project team must be clearly identified. The WBS provides a breakdown of the various steps and activities required to accomplish the project (Kerzner, 2009). In this case, for instance, the project may be broken down into the following phases: partner valuation and selection, sending letter of intent, negotiation, approval, and implementation. The approval stage… Continue Reading...

Audit Planning Control at Home Depot

been paid -- electronic records should be available for all of this data ( accounting Tools, 2016). Accounts receivable can also be tested in terms of ensuring that the credit card companies are in agreement with Home Depot as to what they owe the company. If that agreement exists, then the number is probably accurate. Any tests done on the veracity of the revenue figures will also contribute to proper and adequate testing of the accounts receivable as well. Analysis of Financial Statements The methods for auditing prescribed require actually conducting an audit. You cannot audit Home Depot from the… Continue Reading...

Technology Adoption in a Call Center Enterprise

system to how it operates. An organization can choose, for instance, the mode of inventory accounting -- LIFO or FIFO -- that will be employed and the way it wants to recognize revenue -- by location, distribution channel or product line. Complex ES offering have lots of configuration tables with SAP's R/3, for instance, having 3000. It can take a lot of time to go through all of them. Dell Computer, for instance, spends more than one year on the exercise. Besides having serious implications to the strategic goals of an organization, enterprise systems also impact an organization's culture.… Continue Reading...

Financial Statements Of Xyz Company

store and therefore increase the purchases made (Hudson, 2016). References Atrill, P. &Mclaney, E., 2013. accounting and finance for non-specialists. 8th Ed. Harlow, UK: Pearson Publishing. Euler Hermes. (2016). QATAR. Retrieved from: http://www.eulerhermes.com/economic-research/country-reports/Pages/Qatar.aspx Global Edge. (2016). Qatar: Risk Assessment. Retrieved from: http://globaledge.msu.edu/countries/qatar/risk Hudson, M. (2016). Tips to Increase Sales. The Balance. Retrieved from: https://www.thebalance.com/tips-to-increase-retail-sales-2890274 Perumal, S. V. (2016). Qatar taking 'aggressive' stance in Europe to mitigate LNG risks. Gulf Times. Retrieved from: http://www.gulf-times.com/story/517064/Qatar-taking-aggressive-stance-in-Europe-to-mitiga Continue Reading...

Government’s Right to Spy

with the influence and power to conjure up legal authority to run such surveillance stunts and eliminating accounting judicial oversight bodies is a recipe for undue influence over our system of government. Without extra protection in law, each one of us can be tracked anywhere at any time. The technology that we consider important in our daily lives is a combination of phone bug, location tracking, listening device and a hidden camera (The government is spying on us through our computers, phones, cars, buses, Streetlights, at airports and on the street, via mobile scanners and drones, through our smart… Continue Reading...

African Slave Trade

their home continent, had their human rights violated, and were forced into slavery, with females accounting for roughly 3.5 million slaves (Lindsay, 2007). Considering the Atlantic Slave Business database's lowest figures, from 1801 to 1866, Cubans and Spaniards captured and shipped 784,639 Africans, across the Atlantic, to America, and around 2.5 million to Brazil. Overall Cuban imports of slaves range between 700,000 and 1.3 million. To sum up, out of the approximately 12.5 million intercontinental slave business from 1440 to 1878, a fourth (more than three million) were shipped during the 19th century (Lindsay, 2007). Africans all over the… Continue Reading...

A Concise Analysis Of Financial Performance Of Companies

Patten, D. (2007). The role of environmental disclosures as tools of legitimacy: a research note, accounting, Organizations and Society, 32, pp. 639-647. 1. Cho, S., Lee, C. and Pfeiffer, R. (2012) Corporate social responsibility performance and information asymmetry, Journal of accounting and Public Policy. doi. 10.1016/j.jaccpubpol.2012.10.005. 1. Cho, S., Lee, C. and Pfeiffer, R. (2012) Corporate social responsibility performance and information asymmetry, Journal of accounting and Public Policy, doi. 10.1016/j.jaccpubpol.2012.10.005. 1. Chong, J., & Phillips, G. M. (2016). ESG Investing: A Simple Approach. The Journal of Wealth Management, 19(2), 73-88. 1. Clarkson, P., Li, Y., Richardson, G. and Vasvari,… Continue Reading...

Behn’s Oroonoko and Its Character Symbolization

more unsophisticated way of living. People carted off from Africa and coerced into slavery retained the malignity accounting for their enduring ferocity and lack of discipline. Oroonoko, however, appears to cloud the aforementioned divide between Noble Savage representatives -- the Indians -- and Negro persons as personifications of wild men. The novelist breaches the two classes by including Oroonoko, a unique African protagonist, in noble savages' domain, thereby giving rise to a 'Noble Negro' tradition. By doing so, she successfully "lifts" Oroonoko's character from a stereotypical black, transforming him into the tale's honourable and chivalrous protagonist. She develops a… Continue Reading...

Database Design for Invoicing Using Rea Data Model

In the contemporary business environment, the accounting profession has undergone a fundamental change, and the traditional accounting systems are no longer adequate to satisfy a recent accounting domain. Thus, a call has been made to expand the scope of accounting information systems. In response to the call, the REA data model was launched to support the accounting information systems. The REA data model is identified as the conceptual modeling tool that assists in designing the AIS (accounting information system) database. The REA model is specifically good… Continue Reading...

Recent Trends in Medicare Reimbursements

liability. Defense Counsel Journal, 61(1), 107-111. Kranacher, M. J. (2012, March). Recognizing the value of management accounting. The CPA Journal, 82(3), 17-21. Linking quality to payment. (2016). Medicare.gov. Retrieved from https://www.medicare. gov/hospitalcompare/linking-quality-to-payment.html. Continue Reading...

Cash Rich Company Analysis

for Company A that will allow growth and development in potentially weak areas. While changes can create problems under accounting principles, full disclosure of financial statements from both companies and actions falling under the matching principle should lend to providing clarity on the importance of the changes needed in Company A. By demonstrating expenses must match with revenue, there will be an understanding of what is needed to achieve objectives and why it is needed. That means changing the way Company A discloses pay structure, at least with the management from Company B. References Folsom, W. & Boulware, R. (2014).… Continue Reading...

Accounting Ethics Questions

liberty, confidentiality, and dignity and thus is not immoral (Mintz, 2015). 2. Michael just graduated with a degree in accounting from State University. He worked hard in school but could only achieve a 2.95 GPA because he worked 40 hours a week to pay his own way through college. Unfortunately, Michael was unable to get a job because the recruiters all had a 3.0 GPA cut-off point. Michael stayed with his college job for another year but is anxious to start his public accounting career. One day he reads about a job opening with a local CPA firm. The entry-level… Continue Reading...

Businesses Run by Women

of their money in three sectors: retail; professional services such as consulting, accounting or law; and fashion" (Petrilla, 2016). Two of these areas, retail and fashion are women dominated areas due to shopping practices of women versus men. For equality to truly emerge, women entrepreneurs must excel in more areas, especially presently male-dominated areas. A decade ago, Ahl wrote a research article explaining the results of research in women entrepreneurship. The researcher discovered despite "intentions to the contrary and in spite of inconclusive research results, a tendency to recreate the idea of women as being secondary to men and… Continue Reading...

Psychology, Financial Decision-making, and Management Of Household

end point, which is the spending or saving of the money. In this constricted perspective, mental accounting is referred to as mental budgeting and is deemed to encroach upon the supposition of the fungibility of money (Antonides et al., 2011). This research paper will take into account Arab students who study abroad. It is imperative to note that there is a distinctive difference between Arabian and overseas cultures. This has an influence on how they deal with bank interest. Islamic law precludes Muslims from paying or receiving any interest accrued on debt. The belief in Islamic law is that… Continue Reading...

Capital Investments in Emerging Markets

assets-Investopedia. Retrieved from: http://www.investopedia.com/ask/answers/032715/what-impact-inflation-liquid-assets.asp Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2012). Managerial accounting: tools for business decision-making. Hoboken John Wiley & Sons. Continue Reading...

Cost Accounting for Sleepease Ltd

Managerial accounting for Sleepease Ltd. "Identify, discuss and critically evaluate the advantages and problems of using the following costing methods for internal reporting purposes": absorption costing; marginal costing. "Refer to the Sleepease case as and when necessary" absorption costing The absorption costing is the type of managerial costing where both the variable and fixed costs are charged to process or product. Thus, "absorption costing is a method for appraising or valuing a firm's total inventory by including all manufacturing costs as product costs, regardless of whether they are variable or… Continue Reading...

Absorption Versus Marginal Costing at Sleepease

Managerial accounting, there are different types of costing that can be used. Each method of costing has its advantages and disadvantages in different situations. It must be remembered, when determining what the best type of costing method is, that the objective of managerial accounting is to deliver useful information that can assist in managerial decision-making. Thus, managerial accounting matters to the extent that it can help to deliver on overall organizational objectives by providing strategic or tactical insights (Investopedia, 2016). There are… Continue Reading...

Business Organization Questions

spending. Employees were initially entrusted with their expense accounts to that they could facilitate relationships with clients, but the accounting department has decided that the employees have been taking advantage of the system. The accounting manager then establishes controls, setting a limit as to when the expense account credit cards can be used, managing spending in other ways such as setting credit limits. Another example of an effective managerial control would be in an organization that has specific workplace hazards. A factory setting, for example, presents a number of potential workplace hazards and risks. Heavy and dangerous machinery, chemicals,… Continue Reading...

Importance Of Communication Skills

to conflict resolution ii. Must be a full and complete accounting for what is going on iii. There might be more than one problem and all issues need to come out c. Work towards a resolution i. Once problems are identified, solutions can then be figured out and suggested ii. Compromised might be needed to get the best results d. Best practices i. Keeping things calm and orderly is huge ii. Letting everyone (calmly) say their opinion is good as well iii. Find a solution that is amicable and acceptable to all iv. No raising of voices or accusations VI.… Continue Reading...

Accounting Report for Referral Credit

would be different. Runway is planning to adopt IFRSs in the near future. What is the relevant accounting guidance it would follow under IFRSs? Taking into account that Runway is planning to adopt International Financial Reporting Standards in the near future, the relevant accounting guidance it should follow is International accounting Standard 18 (IAS 18). In accordance to IAS 18, revenue is measured at the fair value of the consideration received or receivable taking into consideration the amount of any discounts in trade that are permitted by the entity (IFRS, 2012). IFRS 15 Revenue from Contracts with Customers will be… Continue Reading...

Mobile Ais Security Issues

Marvin (2015) interviews Dr. Chandra Bhansali about cloud-based accounting systems, discussing a couple of issues. The first is the way that cloud-based solutions are changing the way SMBs do business, and the second is the role that security plays in this. Most small businesses become interested in cloud-based solutions because of the efficiency gains, and in particular solving the pain point related to payroll, but they are concerned about security Bhansali is clear that security is an essential component for a cloud-based system, because the market demands it. accounting data is sensitive, and companies that utilize… Continue Reading...

How to Grow the Economy

Venezuela? By seizing massive amounts of cash. Washington Post. Retrieved 1 February 2017, from https://www.washingtonpost.com/news/worldviews/wp/2016/12/13/how-to-fight-hyperinflation-in-venezuela-by-seizing-massive-amounts-of-cash/?utm_term=.fd04abf65858 Ohanian, L. (2011). accounting for the Great Recession | Federal Reserve Bank of Minneapolis. Minneapolisfed.org. Retrieved 1 February 2017, from https://www.minneapolisfed.org/research/economic-policy-papers/accounting-for-the-great-recession Samwick, A. (2016). Effects of Income Tax Changes on Economic Growth | Brookings Institution. Brookings. Retrieved 1 February 2017, from https://www.brookings.edu/research/effects-of-income-tax-changes-on-economic-growth/ Sightings, T. (2012). How Would Keynes Save Our Economy?. US News & World Report. Retrieved 1 February 2017, from http://money.usnews.com/money/blogs/on-retirement/2012/07/17/how-would-keynes-save-our-economy Tarver, E. (2017). What happens if the Federal Reserve lowers the reserve ratio?. Investopedia. Retrieved 1 February 2017, from http://www.investopedia.com/ask/answers/071415/what-happens-if-federal-reserve-lowers-reserve-ratio.asp Young, J. (2013).… Continue Reading...

Accounting Report

Runway is planning to adopt IFRSs in the near future. What is the relevant accounting guidance it would follow under IFRSs? Taking into account that Runway is planning to adopt International Financial Reporting Standards in the near future, the relevant accounting guidance it should follow is International accounting Standard 18 (IAS 18). In accordance to IAS 18, revenue is measured at the fair value of the consideration received or receivable taking into consideration the amount of any discounts in trade that are permitted by the entity (IFRS, 2012). IFRS 15 Revenue from Contracts with Customers will be effective on… Continue Reading...

Rivalry Strategy Tool

development and success of the company (Manzella, 1997). Impact of accounting for Gaining and Sustaining Competitive Advantage on the Success of Business Strategy Development In the framework of competitive international setting and technology-centered establishments, managers of organizations are increasingly stressed to obtained different ways of sustaining their competitive advantage. Competitive advantage is attained when a company gains possession of attributes that enable it to perform at a higher level compared to other companies in the similar industry. These benefits are not easily imitative and therefore can be maintained for lengthy periods of time (Beheshti, 2004). accounting has a positive impact… Continue Reading...

Starbucks Financial Assessment

Kane, A., & Marcus, A. J. (2014). Investments. London: McGraw Hill Higher Education. Elliott, B., & Elliott, J. (2015). Financial accounting and Reporting. London: Pearson. Hens, T., & Rieger, M. O. (2016). Information Asymmetries on Financial Markets. In Financial Economics A Concise Introduction to Classical and Behavioral Finance (pp. 277 -- 285). London: Springer Publishing Co. Howells, P. G. A., & Bain, K. (2007). Financial Institutions and Markets. London: Longman. Loxcel Geomatics. (2017). How many Starbucks stores are out there? Retrieved from https://www.loxcel.com/sbux-faq.html Min, H., & Min, H. (2011). Benchmarking the service quality of fast-food restaurant franchises in the USA:… Continue Reading...

The Greatest Ponzi Scheme

help the auditor recognize control risks that may contribute to the observed misstatements in accounting information and balance sheets. To confirm accuracy, the auditor must carefully review key transactions that will help ensure investors are not swindled by investment advisors like Bernie Madoff. Such actions will keep overstatements of the financial health of an investor's money to a minimum and offer integral evidence that will help lead future financial decisions for the investment firm. Other issues like check kitting can be handled via conducting banking reconciliations with any and all operative accounts. This kind of procedure allows the auditor… Continue Reading...

Types Of Information Systems for Startup Business

business functions include: Sales and Marketing, HR, Finance and accounting, and Manufacturing. Present-day startups require information systems for monitoring all their business operations, such as business planning, material acquisition, production, quality control and delivery to markets. In view of the aforementioned key business roles of startup companies, the chief information systems required are; Marketing and Sales Information Systems, Production and Manufacturing Information Systems, accounting and Finance Information Systems, Strategic Information Systems, Enterprise Collaboration or Office Automation Systems and HR Information Systems (Al-Mamary, Shamsuddin & Aziati, 2014). Functions of Information Systems Sales and Marketing Information Systems Marketing and sales departments… Continue Reading...

Uk Trade Policy and Its Departure from the Eu

and Sampson (2016) point out, the EU is Britain's "most important trade partner, accounting for half of all UK exports and imports" -- that is, 15% of the UK's GDP (p. 2). However, with the European economy flailing and nationalism rising in many countries from the U.S. to Italy to the Netherlands to Russia to the Philippines to France and so on, there is a major economic incentive to adopt a policy that is to some degree mercantilist-protectionist and to another degree based on mutually beneficial terms that enable both sides of the trading table to prosper (Pabst, 2010).… Continue Reading...

Bonnesante S.a. Case Study

By using Exhibit 1 data, prepare the lessee accounting illustrations Monet requested. How well do the Chief accountant's assumed lease characteristics line up with the company's past lease term experience? In accordance to IAS 17 Leases by the International accounting Standards Board (IASB), there are two fundamental kinds of leases: finance leases and operating leases. The classification of every lease determines the accounting requirements. Under the preceding version of IAS 17, with respect to operating leases, the lessee is not required to recognize the asset being leased in the Balance Sheet. However, in August 2010, an Exposure Draft… Continue Reading...

Cardillo Travel Systems

violations: Making false representations to outside auditors Without a doubt, executives of Cardillo Travel Systems made incorrect accounting transactions. As a result, this gave rise to false representations to external auditors. The rational for the SEC to charge these executives with this particular violation is linked to Management's Report on Internal Control Over Financial Reporting Under Section 13(a) or 15(d) of the Securities Exchange Act of 1934. In accordance to this guideline, the SEC expects the company's management to be accountable for maintaining an internal control system over financial report. This is so as to offer sensible guarantee with respect to… Continue Reading...

Groupon and the Sec

(ROI) and return on investment capital (ROIC), are beneficial. The accounting practices used by the company, whether it is the Generally Accepted accounting Principles (GAAP) or others such as International Financial Reporting Standards (IFRS) are also a beneficial source of information for making decisions on investment. In this case, it can be perceived that Groupon undertook forceful accounting practices, such as Adjusted Consolidated Segmented Operating Income (ACSOI) and Consolidated Segmented Operating Income (CSOI), which are non-GAAP financial measures to mirror positive outcomes. A second source that is useful for making investment decisions encompasses third party sources. These take into… Continue Reading...

Budgeting

& Trigui, M. S. (2014). Information Systems Threats and Vulnerabilities. International Journal of Computer Applications, 89(3). Deegan, C. (2013). Financial accounting theory. McGraw-Hill Education Australia. Riahi-Belkaoui, A. (2004). accounting theory. Cengage Learning EMEA. Continue Reading...

Introduction to Global Business

the Foreign Corrupt Practices Act (FCPA). In addition, owing to financial and accounting scandals such as the Enron scandal, the Sarbanes-Oxley Act was established to ensure that public company officials certify that the financial statements reported correctly present its financial position. Chapter 8 Chapter eight focuses on the business entry strategies in global business. When opting to go international, a business has to consider the risk profile, which is the potential financial loss. The entry strategies in global business include exportation/importation, licensing, franchising, strategic alliances, joint ventures, foreign acquisitions, and wholly-owned foreign subsidiaries. Multinational Enterprises (MNEs) are businesses whose… Continue Reading...

Swot Analysis to Develop Strategy

the principals about what they need to do in terms of accounting, production management, marketing and other aspects of the business. Having these basic skills serves two main purposes. First, these skills mean that the principals are able to leave no stone unturned -- attention can be paid to all aspects of the business, whereas some small business owners might ignore certain aspects of a business with which they are unfamiliar. That will not be the case here. The other benefit of having these skills among the business owners is that the company can pay less in salary, which… Continue Reading...

Activity Based Costing

apportioning cost to the firm products necessitates a substantial amount of time within its accounting division (Heisinger, 2009). A second weakness of the ABC system is the aspect that its centralizing of fixed costs is deceptive and distorted. Product costing takes into account apportioning costs from activity centers to products and computing product cost per unit. The weakness and shortcoming to this method is that fixed costs are more often than not a major part of the overhead costs being apportioned. Examples of some of these fixed costs include salaries and depreciation for buildings and machinery. It is imperative… Continue Reading...

Argos Shipping Company Business Plan

fund is used appropriately. The main departments will be as follows: • Legal Marine insurance • Finance and accounting • Administrative • Technical • Linear Department • Chattering Department • Dry Cargo Department, and • Tanker Department. The fig 1 reveals the organizational structure of the company. Fig 1: Organization Structure Source: Pearson (2002). The legal department will be responsible for drafting the "contracts for new buildings, company law, national/international taxes, purchase/sale of ships. The company lawyer is also often on the Managing Director's staff, and/or secretary to the Board of Directors. Frequently, this department will often also handle marine and other… Continue Reading...

Research Of Emerging Accounting Issues

.....mission of the Emerging Issues Task Force (EITF) exerts upon the Financial accounting Standards Board (FASB) The Emerging Issues Task Force (EITF) was established with the main purpose of addressing and coming up with resolve for current issues being faced by professionals in the accounting field, which were not addressed by announcements of the Financial accounting Standards Board (FASB). Prior to the establishment of ETIF in 1984, the FASB constantly faced challenges of not being able to offer well-timed and sensible solutions to developing practice problems. The EITF was therefore designed to disseminate and propagate carrying out guidance within… Continue Reading...

Toshiba Accounting Fraud Case Study

respect to how it was going to not only investigate but begin the process of repairing the corporate culture. accounting fraud cannot be linked strictly to Japanese factors. This was a persistent fraud that occurred over many years, but so was Enron. accounting fraud of this type is more about organizational culture than national culture. There is no evidence to suggest that there was anything uniquely "Japanese" about this fraud -- it was managers wanting to cover up their lousy performance that led to the fraud. 3. A fraud-resistant culture requires everybody in the organization to work together to prevent… Continue Reading...

Resume and Cover Letter Example

focusing on the corporate market. Helped Alaska Airlines reach its regional sales target by working with cost management and accounting departments to strategically adjust pricing. Starbucks 2006-2008 Served hundreds of customers per day in flagship location at Pike's Place Market. Prepared both drip brew coffees and espresso-based beverages using the espresso machine, and also prepared chilled blended drinks. Education University of Washington 2015-2017 On track for May 2017 Master's Degree in the field of aeronautics engineering, with focus on emerging technologies in fuel injection. University of Washington 2010-2015 Received Bachelor's Degree with a 3.7GPA, served on the school track… Continue Reading...

Key Characteristics Of a Whistleblower

in the corporate world. Imperatively, SOX formed the Public Company accounting Oversight Board (PCAOB) to create oversight in the accounting industry. SOX underpins the autonomy and financial literateness and knowledge of boards for companies. As a result, CEOs are individually culpable for the errors and facilitations in accounting audits. Moreover, the Act proscribed loans to company executives and provided work protection to whistleblowers (Amadeo, 2016). The SOX act offers substantial protections for corporate whistleblowers. Different from other whistleblower regulations, the Sarbanes-Oxley Act's whistleblower protection provisions are not restricted to offering legal solutions for illegally fired or laid off employees.… Continue Reading...

Managing Stress Brought by Self Defeating Behavior

and its Relationship with Job Burnout: Case Study on Kurdistan Agriculture Organization in Iran. International Journal of Management, accounting and Economics, 2(1), 1-9. Renn, R., Allen, D. & Huning, T. (2013). The Relationship of Social Exclusion at Work With Self-Defeating Behavior and Turnover. The Journal of Social Psychology, 153(2), 229-249. Sims, R.R. (2002). Managing organizational behavior. Westport, CT: Greenwood Publishing Group. Thau, S., Aquino, K. & Poortvliet, M. (2007, June). Self-defeating Behaviors in Organizations: The Relationship Between Thwarted Belonging and Interpersonal Work. Journal of Applied Psychology, 92(3), 840-847. Weitz, E. & Vardi, Y. (2007, January). Understanding and Managing Misbehavior… Continue Reading...

Worldcom Accounting Fraud and the Law

earnings smoothings and or earnings management and fraudulent reporting? Certain aspects of GAAP (generally accepted accounting principles) actually worked in favor of WorldCom's desire to make the company seem more profitable than it actually was; for example, line costs had to be estimated as profit given that they were not paid until several months afterward (Kaplan & Kiron, 2007, p.4). Transferring line costs and misstating them as capital expenditures further distorted profits (Kaplan & Kiron, 2007, p.7). But while certain practices which may result in inflation of profits may be acceptable, even necessary, this fact should be noted to contextualize… Continue Reading...

Special Education Theory and Intervention

accountability and resources allocation. Education administrators can develop creative methods of accounting on a student-by-student basis to provide statistics and data that can be used to assess the efficacy of specific interventions and especially those that are related to the RTI strategy being used. However, performance outcomes remain critical. Educators need to have a cohesive method of reporting their students' performance throughout the stages of RTI, ensuring that resources are being allocated effectively and that individual students are responding to the methods being used. When those methods are proving ineffective on a case-by-case basis, then they can be altered… Continue Reading...

Traditional Costing and Activity Based Costing Approaches

and has been promoted as an approach of overcoming the systematic falsifications of traditional cost accounting and bringing significance back to managerial accounting. In particular, a traditional costing system reports the amount of money that is spent and by who, but its shortcomings lie in the fact that it does not report the cost of activities and processes (Mahal and Hossain, 2015). ABC systems attain product costs that are more precise in comparison to those reported through the use of multiple cost drivers to follow the costs of activities of a manufacturing procedure of the products that consume the… Continue Reading...

Digitalization to Enhance Customer Satisfaction at Apm Terminals

from human resource processes and payroll management to customer relationship management, procurement, sales and marketing, forecasting, finance and accounting, and operations management. Digitalization is enabled by pervasive computing (e.g., cyber systems and the internet of things), delivery models (e.g., cloud computing), data analytics, social media, and mobile computing (Heilig, Schwarze and Vob, 2017). These IT systems transform processes, information flows, and people by facilitating the collection, processing, management, retrieval, and distribution of data. The digitalization of processes is essential for enhancing the customer experience, which consequently increases customer satisfaction (Deloitte, 2013). Though there is no universally accepted definition, customer… Continue Reading...

Enron Ethics and Leadership Failures

faAade of good earnings. Skilling played a key role in this cultural orientation because he insisted on mark-to-market accounting, which showed that the company was oriented more towards the illusion of high profits, even if those profits did not yet exist and senior executives condoned and participated in the fraud, as the documentary shows. Being devoid of ethics allowed for a few short-term gains but resulted in the colossal ethical failures at Enron and an exposure of widespread corruption in the capitalist market system. In Chapters 3 and 4 of Management, Bateman, Snell & Konopaske (2016) discuss organizational environment and… Continue Reading...

Military Management and the Agency Problem

Corporate Governance, and the Asymmetrical Behavior of Selling, General, and Administrative Costs. Contemporary accounting Research 29(1): 252-282. Petrina, G.E. (2005). An agency theory view of the military advisor. Thesis Presented to the Faculty of the School of Advanced Air and Space Studies. Retrieved online: http://www.dtic.mil/dtic/tr/fulltext/u2/a477032.pdf Continue Reading...

The Impact Of Legislation on Violence

What role do firearm regulations and other factors play in accounting for the different rates? a. With a focus on the geopolitical context b. With a focus on the sociological context c. With a focus on the historical context 3) What might an effective national strategy to reduce gun violence look like? a. Education b. Culture c. Legislation Outline of Chapters The first chapter is an introduction: it provides background information to the subject, the importance of the subject, the research aim and objectives and an outline of the chapters that follow. The second chapter covers the methodology used… Continue Reading...

Krispy Kreme Case Study

strong, and could have continued with some of the momentum had it not been for other the accounting and governance problems, and issues with the franchisees. Weaknesses The biggest weakness that Krispy Kreme faced -- and to an extent continues to face -- is with its talent pipeline. The company grew too fast, and did not have the managerial talent to keep up with that growth. The issues it faced during that period -- governance, franchise relations -- were directly the result of inexperienced and incapable management. Unfortunately, the company is not nearly as attractive as many other QSR… Continue Reading...

Requirements for an Information System

are currently facing: • Financial Management System: The system will manage all the accounting aspects of the organization. • HRM System: This system will be mainly concerned with the management of employees records and other aspects of employee's information • Record Management System: The system charged with keeping and handling all records for employees and students within the organization. • Document Management System: For the management of the various documents being used within the organization. Conclusion The business is advancing and increasing the number of employees. This means that there is going to be more problems or issues if the… Continue Reading...

Career Options in Accounting

accounting Careers accounting is a common function in virtually every organization, irrespective of size and industry/sector of operation. The function is generally concerned with documenting business transactions and preparing financial statements. The accounting field offers numerous career paths. These include financial accounting, managerial accounting, internal auditing, tax accounting, financial analysis, payroll clerking, and forensic accounting (Bureau of Labor Statistics [BLS], 2015; American Institute of Certified Public Accountants [AICPA], 2017). Though related, each of these careers is unique in its own way.… Continue Reading...

Tax Advice Benefit

B. J., & Jermakowicz, E. K. (2008). Wiley IFRS 2008: Interpretation and Application of International accounting and Financial Reporting Standards 2008. John Wiley & Sons. Hanif, A. M. M. (2005). Corporate accounting. Tata McGraw-Hill Education. Huntington, M. (2017). Tax Benefits for Wholly Owned Subsidiaries. Chron. Retrieved 20 May 2017 from: http://smallbusiness.chron.com/tax-benefits-wholly-owned-subsidiaries-78864.html Macabacus. (2017). Tax-Free Acquisitions. Retrieved 20 May 2017 from: http://macabacus.com/taxes/tax-free-acquisitions Salem, I. (1965). Advantages and Disadvantages of Filing Consolidated Returns: A Fresh Look. Tax Executive, 18, 166. Continue Reading...

Cash and Accrual Basis Accounting

The major difference between cash and accrual basis accounting lies in when the expenses and revenues are recorded or recognized. The cash basis method accounts for revenues when money is actually received regardless of when the invoice was issued. Expenses on the cash basis accounting method are recorded when they are paid out and not when they were invoiced. The cash basis method is mostly used for personal finances and by small businesses. A good example for illustrating the cash basis method is a company could perform some work in a given year… Continue Reading...

Stock Options Accounting Policies

value of the options that derives from the change in the exercise price. The accounting for the awards would change after the options became fully vested, because the value of the options would no longer be based on Black-Scholes. Instead, the options would be based on the difference between the new exercise price and the old exercise price. After the options have vested, there is no longer any time value to the options, so an options model for pricing is no longer necessary -- they are just shares at that point because the employees no longer need to be compensated… Continue Reading...

Leadership and Ethical Decision Making

should not be disclosed. Some of the issues to be reported are auditing or accounting issues. The Company works to comply with every law applicable, including regulations and laws on securities, accounting controls and standards as well as audit practices (Jefferies Group LLC, 2017). With the aim of facilitating the presentation of complaints by employees, the procedures below have been created; i. the retention, receipt and handling of complaints about accounting, internal controls on accounting or auditing issues, also known as "accounting Matters", and any other issue within the Code; ii. the undisclosed, anonymous presentation by employees regarding concerns… Continue Reading...

Financial Accounting Vs. Managerial Accounting

Financial accounting Financial accounting is mainly concerned with the financial statements that are given to the stockholders, lenders, financial analysts as well as other important factions outside the company. The accounting principles come hand in hand with financial accounting since they are used in reporting the results of the corporation's past transactions. These transactions are reported on balance sheets, the statement of changes, the statement of cash flow, and the income statement. Financial accounting is mainly used as a representation of the financial… Continue Reading...

Horizontal and Vertical Analysis

accounting Vertical Analysis Balance Sheet Ratio Analysis Current Ratio Cash Ratio X Interest Earned Debt/Equity Gross Margin Operating Margin Net Margin There are several relationships that might be worth investigating further. One issue that arises is with the lack of cash on hand, despite high debt. The current ratio is acceptable, but it is all in accounts receivable, which presumably comes from these attornies. But the joint venture information has not been provided, and that is where the most significant issues lie. The… Continue Reading...

Accounting Gaap and Ifrs

accounting includes recording, summarizing, and reporting of the economic activities and events of an organization. It is pertinent in business decision-making and the management and control of operations. The financial statements reported by a company include the income statement, balance sheet, statement of retained earnings and statement of cash flows. Globally, there are two sets of accounting standards, the Generally Accepted accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). In particular, the GAAP are more often than not employed in the United States whereas IFRS are more… Continue Reading...

Impact Of Irrevocable Trusts on Gift Tax and Estate Tax

we hope that this is the beginning of a mutually beneficial relationship. Our company provides superior accounting services to clients with a wide range of accounting issues and needs. Therefore, we are ready to provide excellent accounting guidance and expertise that will help you achieve personal and financial success. In addressing your issue of irrevocable trusts, estate tax and gift tax, we will utilize a six-step procedure to provide you with the most reliable professional assistance. Based on your request to establish an irrevocable trust for your two grandchildren, the determination of the impact of such a trust on… Continue Reading...

Marketing Communication Plan for Internal Use

finance department, which is generally involved with budgeting and accounting, provides the financial resources required to carry out marketing activities. As mentioned earlier, conducting market research is a costly affair. Without a go-ahead from the finance department, the research activity may not be successful. The program development and evaluation function is responsible for formulating programs and assessing their viability and effectiveness. This function also plays a crucial role in supporting marketing activities. Conducting market research is in itself a program that requires thorough evaluation before and after implementation. The program development and evaluation unit must ascertain that the project… Continue Reading...

Democratic Theory in American Politics

in significant part dependent on which party is in power. More strikingly, partisan differences remain even after accounting for variations in historical trends whose control lies beyond individual presidents. This suggests that economic disparities are not just an unavoidable economic phenomenon. Bartels attempts to explain why Republicans have historically achieved phenomenal success in the US political arena in spite of their detrimental consequences on the economic prosperity of low and middle income households. Contrary to the popular belief that working class Whites are drawn into Republican politics by notoriously contentious issues such as homosexual marriages and abortion, Bartels finds… Continue Reading...

Accounting for Pensions

accounting for Postretirement Health Care and Life Insurance Benefits necessitates disclosures regarding an employer's accounting. These include a delineation of the provision of benefits and the groups of employees given coverage, a delineation of the employer's prevailing accounting and financing policies for such benefits and lastly the cost of such benefits acknowledged for the period. In particular, this is effective for the financial statements prepared by organizations for the financial period ending subsequent to December 15, 1984 with respect to postretirement health care and life insurance… Continue Reading...

American Corrections and Sentencing Trends

sensed racial threat. In spite of the potential of not accounting for all variations, researches which depend on incident self-reporting instead of police intelligence for circumventing these possible issues also indicate unaccounted-for racial differences. [8: Jeffery Ulmer, Noah Painter-Davis, and Leigh Tinik. "Disproportional imprisonment of Black and Hispanic males: Sentencing discretion, processing outcomes, and policy structures." Justice Quarterly 33, no. 4 (2016): 642-681.] Examinations of latest facts all arrive at comparable conclusions: the nation is unable to account for a generous share of racial differences in prison by criminal offenses. A few studies concentrate on one state only whereas… Continue Reading...

Foreign Debt and Debt Services in South Africa Essay

adversely affected the current account deficit which has been increasingly steadily since 2003, accounting for 7.41% of GDP by 2008 (Trade policy review, 2008). The country, though, continues to suffer from inordinately high unemployment and inflation levels (Trade policy review, 2008). World Bank The World Bank lauds South Africa for improving the transparency of its national budget formulation process, but improvements in provincial budget-making are still needed (Malemba, 2014). International Monetary Fund The International Monetary Fund (IMF) concurs with WTO’s assessment of South Africa for the period 2003 through 2008, but cautions that following this relatively robust economic growth,… Continue Reading...

Global Warming Implications Essay

according to a recent editorial in The Gazette (Colorado Springs), “ accounting for the costs global warming regulations impose on businesses, the annual cost of global warming policies are $1.754 trillion each year -- three times the size of the federal budget deficit” (Stop global warming hysteria, 2015, p. 3). What is becoming increasingly apparent, though, is that even this massive investment in research is failing to turn the global warming tide and time is running out for the human race. Conclusion The research showed that anthropogenic activities since the Industrial Revolution in general and especially during the second half… Continue Reading...

Legalshield Pre-paid Legal Services Essay

law practitioners. In some jurisdictions outside investment will create new models, and accounting firms are once again providing legal services” (para. 4). Consequently, besides the different sizes and specialty practices available in law practice, the major threat of substitution today is the online legal services industry in which LegalShield competes which experienced sustained growth during the period from 2011 to 2015 (McKitterick, 2015).  During this 5-year period, the legal online services industry grew at an annualized rate of 10.1% as a result of a variety of factors that served to improve the accessibility of generic legal services for consumers… Continue Reading...

Tesla Motors Accounting Policies

s business model that distinguish it from other automakers. These manifest either in its accounting policies, or in the ways in which those policies will affect Tesla (but maybe not its competitors, even if they utilize the same policies). The direct-to-consumer sales model in particular holds influence over some policies, while the company's youth handcuffs it with respect to how it handles things like warranty risk on its financial statements. Tesla recognizes revenue on the basis of revenue it believes it will collect, on vehicles delivered. This is a little bit different than companies that work with the dealer… Continue Reading...

Gaap and Ifrs Convergence Pros and Cons

biggest argument was that capital markets are becoming increasingly global, therefore it was valuable to converge all major accounting standards. If every nation in every country used the same accounting standards, that would reduce the transaction costs associated with the flow of capital. In theory, this would spark an increase in cross-border investment, and that in turn would provide greater opportunity for all companies, by reducing the friction associated with translating and understanding financial statements produced under different standards. While there were over 100 nations using IFRS, the US, Canada, and a few other major industrial nations still used… Continue Reading...

Visa's Data Center Security

processing every day (let alone the statistics denoting the number of transactions it is accounting for each second) (YOUR BOOK PAGE NUMBER), it becomes clear that the likelihood of it encountering some fraudulent attempt or breach is greater than that of other financial institutions. In this case, it would be foolish to opine that the company is being overly cautious. Rather, it is simply preparing itself for the realities of today's financial industry. Question 14-15 This level of management controls is necessary because of all the various threats financial entities are prone to in contemporary times. These include ransom… Continue Reading...

Prosecution Of Andrew Fastow

banks—such as Merrill Lynch “problem solvers” when it was time for Enron to do its quarterly accounting (Barrionuevo, 2006). These banks were complicit in Enron’s complicated fraud scheme because it was financially beneficial for them to be so. There is an inherent link between what Fastow did in his wire fraud as it related to securities fraud. When he would use communication consisting of wire fraud to detail information which affected Enron’s securities and the exchange of those securities, he was committing securities fraud as well. Fastow would also directly pay banks to enable Enron to meet desirable financial… Continue Reading...

Greece Economic Problems Analysis

sector than to excessive government ownership of industry. Tourism is one of the major drivers of the Greek economy, accounting for 18% of GDP (CIA World Factbook, 2017). Thus Greece would be characterized as a mixed economy with some government-owned entities. Greece is a member of the EU, but has also received several bailouts in recent years, and struggles with tax collection, and overall economic development. Tax evasion ranges between 6-9% of total GDP in Greece, which makes it a significant economic problem (Georgakopoulos, 2016). Recent Macroeconomic Data In recent years, Greece\'s economy has flatlined. The country has received… Continue Reading...

The Role Of Sarbanes Oxley Act in Curbing Corporate Fraud

Tesco’s Fraud in the accounting Information System The accounting Information Systems (AIS) plays a central part in the business computing structure of any organization. AIS deals with the classification, collection, storage, monitoring, and conversion of the company’s data into information utilized for internal control and reporting (Smith, 2016). Once an organization adopts an accounting Information System, they can keep accurate records, and manage the assets of the organizations properly. The management utilizes AIS to guarantee that there are suitable access and separation of duty controls. With… Continue Reading...

Channel Member Marketing Plan

a channel member, much like many firms do with accounting or tax services, is something that might save the company some money. If this is a function that is needed on a consistent basis, then a full-time hire by the manufacturer might be wise. However, if there will be a temporary swell in work hours needed, a contractual arrangement with a channel member that has relevant experience and expertise would probably be very lucrative for everyone involved. The same can be done for things like promotions and information management. The firms and companies that operate on the “front lines”… Continue Reading...

Public Administration and Finance

management of financial resources. Financial management in public administration basically entails budgeting as well as budget execution, monitoring, and accounting with respect to planning and programming of public administration. In essence, public finance administration basically entails raising revenue from the public, allocation of public funds and other financial resources, and managing public assets. These processes are usually carried out to help ensure that the government has adequate money to finance all its activities. In this regard, proper financial management in public administration is crucial towards preventing misuse of public money or resources as well as ensuring compliance with the… Continue Reading...

Ibm Supply Chain Concerns

in which companies can utilize supply chain games to practice optimizing their networks and accounting for different aspects of inventory. Traditionally, inventory has played a consequential role in the management of supply chains. Even organizations that do not explicitly focus on procurement still must monitor their inventory and manage its supplies. When accounting for some of the global supply chain factors such as tariffs, taxes, and international shipping, inventory needs directly pertain to the ability of one to manage one’s supply chain. Effectual supply chain management can reduce the instances and severity of the bull whip effect, in which… Continue Reading...

Net Present Value Project Evaluation

projects to pursue. References Crosson, S.V. & Needles, B.E. (2013). Management accounting (10th ed.). Mason, OH: Cengage Learning Dhiensiri, N., & Balsara, N. (2014). An Introductory Application of Monte Carlo Simulation in Capital Budgeting Analysis. Journal of Financial Education, 40(1/2), 94–114. Li, G., Hsiao, P. & Li, D. (2015). The Impact of Financial Risk on Business Risk. International Journal of Business, 20(4), 279–290. Continue Reading...

The Organization and Structure Of Fire Department

An equipment specialist will also be responsible for working with the accounting department to liberate resources for new procurements. As safety is the number one priority, it is important that the equipment specialist be knowledgeable about new protective equipment and communicates that knowledge about products to the training professionals. Working as a team, the members of the training teams and the procurement teams can ensure that the department uses all equipment properly and has access to the latest fire protection technology and tools. The department also needs to have on hand a community infrastructure specialist with a background in… Continue Reading...

Best Practices Involved in Changing the Accounting Information System Ais

In the end, the paper reveals best practices for migration from another system to AIS. To change the accounting Information System (AIS) best practices accounting info systems (AIS) has transformed business processes on a worldwide scale. When financial data is entered into the AIS, financial statements and reports are created at several business levels to make profitability certain. Steinbart and romney (2012) revealed that the accounting systems process information to offer data to users so that they can not only plan, but also manage and operate respective businesses. Given this situation, accounting info system are viewed as a method which… Continue Reading...

Enron Fraud

Enron, the key players were Kenneth Lay, Jeffrey Skilling, Andrew Fastow and the accounting firm Arthur Andersen. Kenneth Lay was the CEO until 2001, and remained on the Board afterwards. Skilling replaced Lay as the CEO. Fastow was the Chief Financial Officer. Arthur Andersen was Enron’s external auditor. As external auditor, its role was to ensure that the financial statements produced by Enron accurately reflected the company’s financial condition (Investopedia, 2017). Securities Regulation In the United States, the Securities Exchange Commission is tasked with securities regulation, and in this task part of its job is to verify the financial… Continue Reading...

Walmart's Use Of Technology for a Competitive Advantage

being just that in terms of its supply chain. References ASA (2011). Supply chain. accounting Software Advisor. Retrieved December 19, 2017 from http://www.asaresearch.com/ecommerce/supplychain.htm Fishman, C. (2003) The Wal-Mart you don't know. Fast Company. Retrieved December 19, 2017 from https://www.fastcompany.com/47593/wal-mart-you-dont-know Kosasi, S., Kom, M. & Saragith, H. (2014) How RFID technology boosts Wal-Mart's supply chain management. International Journal of Information Technology and Business Management. Vol. 24 (1) 29-37. Lu, C. (2014) Walmart's successful supply chain management. Trade Gecko. Retrieved December 19, 2017 from https://www.tradegecko.com/blog/incredibly-successful-supply-chain-management-walmart Prisco, G. (2016) Wal-Mart testing blockchain technology for supply chain management. Bitcoin Magazine. Retrieved December 19, 2017 from… Continue Reading...

Professional Needs Assessment

of the divers teaching styles I am looking to implement in formal classroom settings. An additional aspect of accounting for the diversity of learners which one is sure to encounter in contemporary academic settings is the plenitude of learning styles which children have. Again, it is simply no longer efficient to assume students all learn the same ways. My needs assessment indicates that I need to keep abreast in developments related to the variation of learning styles students have. For instance, some students learn best with tactile methods. These are centralized on touching and gaining first hand experience of concepts… Continue Reading...

Leadership

is one of the primary ways to establish dialog and mutual understanding. For example, accounting can be a very difficult and vast landscape due to the compliance and other challenges that exist. A good leader or marketer would not avoid that fact when establishing dialog with customers or coworkers. Instead, they would admit and illuminate the idea that there are challenges involved. However, it would be wise to assert that those challenges will be met in a complete and virtuous way. Suggesting and admitting to clients that the leader or business understands that such subjects can be challenging and… Continue Reading...

Coca Cola Analysis

or not standard international quality is being maintained. Further, governments impose accounting standards and taxes on companies (Baah, 2015). India and other politically unstable nations require the company to implement a long-term flexible strategic management structure for withstanding any changes to relevant political factors. Economic factors: The main economic factors for Coca Cola are: gross domestic product, interest rates, forex rates, disposable income, retail price index and unemployment rates. They cover local economic conditions as well, including demand and supply conditions. Numerous economic challenges exist, worldwide, with respect to beverages and food products. The company is operational in over… Continue Reading...

Clipboard Tablet Co Marketing and R&d Analysis

food, drink and medicinal products, and ascertaining whether or not standard international quality is being maintained. Further, governments impose accounting standards and taxes on companies (Baah, 2015). India and other politically unstable nations require the company to implement a long-term flexible strategic management structure for withstanding any changes to relevant political factors. Economic factors: The main economic factors for Coca Cola are: gross domestic product, interest rates, forex rates, disposable income, retail price index and unemployment rates. They cover local economic conditions as well, including demand and supply conditions. Numerous economic challenges exist, worldwide, with respect to beverages and… Continue Reading...

Health Information Systems Assessment

McGraw Hill. Porter, G. & Norton, C. (2007). Using Financial accounting Information: The Alternative to Debits and Credits (5th ed.). Mason, OH: Cengage Learning. Shekelle, P., Morton, S.C. & Keeler, E.B. (2006). Evidence Reports/Technology Assessments: AHRQ Evidence Reports (No. 132). Rockville, MD: Agency for Healthcare Research and Quality (US) Continue Reading...

Role Of Office Of National Coordinator

cash flow challenges where the revenues may not be sufficient to cover the interests ( accounting for Management, 2017). References accounting for Management, (2017). Financial Leverage. Retrieved February 11, 2017 from https://www.accountingformanagement.org/financial-leverage/ McCLure B., (2017). ROA And ROE Give Clear Picture Of Corporate Health. Retrieved February 11, 2017 from https://www.investopedia.com/articles/basics/05/052005.asp Office of the National Coordinator for Health Information Technology, (2018). Department of Health and Human Services, Fiscal year 2018. Justification of Estimates for Appropriations Committee. Retrieved February 11, 2017 from https://www.hhs.gov/sites/default/files/combined-onc.pdf Thomson L.L, (n.d). Health Care Data Breaches and Information Security Addressing Threats and Risks to Patient Data. Retrieved February… Continue Reading...

Bus599 Slp 2 Pricing Strategy

powered lawn mowers, solar powered drones, etc. References Albrecht, W., Stice, J., Stice, E. & Swain, M. (2007). accounting: Concepts and Applications (10th ed.). Belmont, CA: Cengage Learning. Holt, R.P. & Pressman, S. (Eds.). (2007). Empirical Post Keynesian Economics: Looking at the Real World. New York: M.E. Sharpe. Godfrey, R. (2015). Strategic Management: A Critical Introduction. New York, NY: Routledge Stiving, M. (2011). Impact Pricing: Your Blueprint for Driving Profits. Wisconsin: CWL Publishing Enterprises. White, C. (2004). Strategic Management. New York, NY: Palgrave Macmillan. Appendix 1 SunPower Other Solar Market Share (%) 4.85% 95.15% Consumer Net Price ($/kWh) $0.15 $0.17 Unit… Continue Reading...

India Government and Economics

2018). Currently, the European Union is actually India’s number one trading partner, accounting for 13.5% of India\'s overall trade with the world in 2015-16 (European Commission, 2018). China and the United States are a close second. India’s India Central Board of Excise and Customs controls tariffs, which do fluctuate in response to market conditions. For example, in November of 2017, India imposed a whopping 50% import tariff on Canadian peas (Nickel & Jadhav, 2017). While it is understandable India might want to encourage more domestic pea production, “the short-term move to lift Indian market prices could impact India’s long-term… Continue Reading...

The Role Of Senior Manager in Eldercare

skills and competencies, including those related to coordination, strategic planning, capital budgeting and cost accounting, marketing, advocacy, and interfacing with policymakers, community allies, and stakeholders. The role of the senior manager is multifaceted and varied, and may shift on an almost daily or even hourly basis. At times, the senior manager will function as a visionary leader who devises strategies for planned organizational change. Other times, the senior manager embodies a transformational style of leadership to empower colleagues and subordinates, particularly in an institution with departmental divisions. The senior executive in an eldercare organization may also work with financial… Continue Reading...

Value Based Reimbursement Models in Healthcare

surgery, heart surgery, or for pregnancy and childbirth (Valence Health, n.d.). However, cost accounting can become complicated when ancillary services are needed or when complications arise. The bundled care model also does not meet long-term needs and does not cover preventative care. Yet some patients may prefer the bundled care option when they are generally healthy and prefer not to access the healthcare system throughout their lives. The Patient-Centered Medical Home model, on the other hand, does require active patient participation in healthcare. The Patient-Centered Medical Home model shares much in common with the Accountable Care Organization in that… Continue Reading...

Issues Relating to Taxation

shows, Oprah Winfrey decided to give away Pontiac G6 Sedans to her audience. From an accounting perspective, its important to determine whether the value of these cars was taxable. Following a comprehensive analysis of taxable and nontaxable income, the cars awarded to the TV audience should have been included in their gross income and subject to federal taxation. According to federal taxation prizes and awards in the form of goods and services must be included in an individual’s income at their fair market value (Bureau of Internal Revenue, 2009). Federal taxation laws stipulate that if an individual wins a… Continue Reading...

Technology and Workplace Changes

(Glenn, 2013). For practices without extensive IT staff, this may be a priority. Managerial accounting in the Information Age Q1. How is the concept of incremental analysis used in decision making? An incremental analysis is a decision-making technique used in business to determine the true cost difference between alternatives,” excluding sunk costs which cannot be recovered (“Incremental Analysis,” 2018, par.1). The purpose of such analysis is to determine the right decision based on costs in the here and now. Only relevant costs are given consideration for a future-focused decision, versus retrospective analysis for the purposes of strategic planning based on… Continue Reading...

Global Warming Essay

natural gas — are major contributors to climate change, accounting for the vast majority of greenhouse gas emissions” (Fighting global warming, 2017, para. 2). The policy positions taken by the National Oceanic and Atmospheric Administration (NOAA) also specifically implicate anthropogenic sources as the primary cause of global warming. For instance, Gillis (2015) reports that, “NOAA is one of four agencies around the world that attempts to produce a complete record of global temperatures dating to 1880. They all get similar results, showing a long-term warming of the planet that scientists have linked primarily to the burning of fossil fuels… Continue Reading...

Financial Managers

funds management and managing the organization of the finance department are all among the typical duties of financial managers ( accounting Tools, 2018). Tactics and strategies will be set out in accordance with both conditions in the internal environment and the external, the latter of which includes the macroeconomic environment. While in the past tools like budgets and financial reporting were the primary things that financial managers did, the role has evolved in recent years to incorporate more of a strategic function (Ilie, 2015). This paper will focus on the ways that the financial manager role and the macroeconomic environment… Continue Reading...

Treatment Of Impaired Asset Essay

FASB accounting Standards Codification 1. For the purposes of performing the recoverability test, the following assets and liabilities should be included in the asset group. The cruise ship is part of the asset group, and the liabilities would be any liabilities that are transferred with the asset. The asset group would be "the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets or liabilities", which means basically the ship and its fixtures. Land-based assets such as… Continue Reading...

United States Markets Essay

and all present publicly available information. This information includes changes in accounting policy, announcements of acquisitions, and dividend payouts (Degutis & Novickyte, 2014, p.8). In this regard, U.S. stock prices are actual reflection of historical prices and all current publicly available information. If the U.S. markets became less efficient, the nation's economy would experience significant challenges that hinder economic growth. First, if the U.S. markets became less efficient, it would fundamentally change the perception that the country is a financially safe haven. The United States has been renowned as a financially safe haven, which has made it benefit tremendously… Continue Reading...

Tim's Coffee Shop Business Simulation

Shoppe.  This is a final assignment for course AB 298: Associate's Capstone in accounting.  This example essay was provided to a students in Kaplan University to assist them with completing their own paper. Essay Prompt: Executive Summary This section provides an overview of your findings. This section should be no more than half a page at the most, but a paragraph that is about 6-8 sentences is about the right length. This summarizes everything you wrote about in your report. This is also the conclusion for your report. If a business person did not have time to read an… Continue Reading...

Trade Union Act Of 2016 Essay

and Trade Union Recognition. Oxford: Oxford University Press. Bracci, E.,, Humphrey, C.,, Moll, J., and Steccolini, I., 2015. Public sector accounting, accountability and austerity: more than balancing the books? accounting, Auditing & Accountability Journal, 28(6), pp.878–908. Brodies, 2016. The Trade Union Act 2016: what is changing? [online] Available at: <http://www.brodies.com/blog/trade-union-act-2016-changing/>. Ewing, K.D., and Hendry, J., 2016. The Eclipse of the Rule of Law?: Trade Union Rights and the EU. [online] Liverpool. Available at: <http://www.ier.org.uk/sites/ier.org.uk/files/The Eclipse of the Rule of Law Trade Union Rights and the EU 2016.pdf>. Ewing, K.D., and Hendy, J., 2016. The Trade Union Act 2016 and the… Continue Reading...

The Transition to Renewable Energy

deployment of electric vehicles Source: https://graphics.axios.com/2017-10-10-global-energy-sales/images/2017-10-10-global-energy-sales-desktop.png In addition, China leads the world in solar panel manufacturing, accounting for fully 60% of the world’s production. Likewise, China is planning a series of advanced nuclear reactors that will further reduce its fossil fuel demand (Harder, 2018). 5. What renewable energy source has the most promise? Solar energy is frequently cited as the renewable with the most promise for the future – and for good reason. For example, Profeta (2017) reports that, “Universal energy access is possible by 2030 and that solar technology will be the linchpin of the effort” (para. 3). While solar… Continue Reading...

Should We Get a Basic Income

that servicing the mountain of debt on the global accounting books is going to become increasingly more difficult (the higher rates go, the more one holding the debt has to pay in interest on that debt—which means the more debt one has the harder it is to do other things—like pay for superfluous goods sold by Elon Musk or Mark Zuckerberg). Thus, this option is not practical either—paying for basic income via the sale of debt is simply not a feasible solution—not at a time when global debt is at record highs and interest rates are rising. That leave… Continue Reading...

Court System

courts away from volunteer, rotation, or seniority-based selection techniques that typically prove unsuccessful in accounting for judges’ overall interest in the post or their capability of effectively performing their duties (National Center for State Courts (2012). States have come up with numerous techniques to select presiding judges and chief justices. Irrespective of the technique utilized, the process of selection ought to consider the experience and skills necessary for governing complex organizations. For instance, a presiding judge or chief justice’s effective minimum term length is 2 years. A shorter term disallows goal establishment and effective action plan implementation. Development of… Continue Reading...

Renaissance Italy

observational facts that Ptolemy had used to describe the geocentric model of the universe, accounting for the movements of the stars, sun and moon. However, as Copernicus pointed out, there was an alternate view of the movements of the stars—the heliocentric model, which could also be found among the work of earlier scholars, scientists and even philosophers. For example, Copernicus in his letter to Pope Paul III, which was used for the former’s preface to his books on the Revolutions, Copernicus stated that he “undertook the task of rereading the works of all the philosophers which I could obtain… Continue Reading...

Book Trade Between China and France an Assessment

for and to ensure the smooth flow of business, matched accounting was the preferred accounting system amongst most publishing houses. In this case, each book was recorded by the manager, alongside its price and consigned to a bookseller. On selling each book, booksellers were required to record the sale – with was then compared with the records held by the manager on the bookseller’s return, as he also handed the money over. The household’s financial wellbeing and unity was revered. For this reason, measures were put in place to ensure that this unity was not upset. One of the… Continue Reading...

Apple Finance Department

standards. The auditing function is of course one area where ethics are enforced, and the accounting department as well, but international finance can also have an ethical dimension. First, the company can enforce ethical standards by choosing where to invest its capital – avoiding certain countries, companies and projects can highlight Apple’s ethical priorities. Dobson (1993) wrote an influential article that highlighted some gaps in finance ethics – the idea that wealth maximization was more important that ethics, and the idea that ethics were to serve as a behavioral constraint, rather than a motivation. In the modern finance department,… Continue Reading...

Patient Analysis for a Nurse Practitioner

et al., 2015). Bartholin’s gland lesions may develop as carcinomas, a seldom-occurring gynecological tumor form accounting for between 2 and 7 percent of carcinomas of the vulva. Such vulvar growths are monitored carefully in the postmenopausal population, which is at greater risk of Bartholin's malignancy development (Lee, et al., 2015). Bartholin’s gland cancer is diagnosed at a median 57 years of age, with carcinoma rates being highest in females over 60 years of age. Squamous cell and adeno carcinoma, which are the mostly commonly occurring types, make up 80 to 90 percent of all primary cases, while the rest are… Continue Reading...

Tax Law and Status for Nonprofits

in regards to their employees (Plaskow, 2016). References About form 8833. (2018). IRS. Retrieved from: https://www.irs.gov/forms-pubs/about-form-8833-treaty-based-return-position- disclosure-under-section-6114-or-7701b Differences between for-profit and nonprofit accounting. (2014). Capital Business Solutions. Retrieved from: https://www.capitalbusiness.net/resources/differences-between-for- profit-nonprofit-accounting/ Filing requirements. (2018). IRS. Retrieved from: https://www.irs.gov/charities-non-profits/churches-religious-organizations/filing- requirements Plaskow, D. (2016). 4 payroll considerations for nonprofits. CPA Practice Advisor. Retrieved from: http://www.cpapracticeadvisor.com/article/12165392/4-payroll-considerations-for- nonprofits Continue Reading...

Costs and Delivery Healthcare System

quality of care. Journal of general internal medicine, 24(3), 415-420. Finkler, S. A., & Ward, D. M. (1999). Issues in cost accounting for health care organizations. New York: Jones & Bartlett Learning. Gillies, T. (2018). Why health care costs are making consumers more afraid of medical bills than an actual illness. CNBC. Retrieved 10 July, 2018 from: https://www.cnbc.com/2018/04/22/why-health-care-costs-are-making-consumers-more-afraid-of-medical-bills-than-an-actual-illness.html Heath, S. (2017). How Out-of-Pocket Costs Affect Patient Healthcare Access. Patient Engagement HIT. Retrieved 10 July, 2018 from: https://patientengagementhit.com/news/how-out-of-pocket-costs-affect-patient-healthcare-access Lewis, M. (2018). How Expensive Healthcare Affects Working Americans & Retirees. Money Crashers. Retrieved 10 July, 2018 from: https://www.moneycrashers.com/expensive-healthcare-affects-americans/ Remak, B. (2015). The consequences of high… Continue Reading...

Behaviorism Psychoanalysis and Hte Psychology

personality disorder or dysfunctional relationships. Other central principles in psychoanalysis include the death wish, accounting for self-destructive behaviors, and the concept of coping mechanisms like transference and repression, which are unconscious processes. Critiques of Freudian theory helped to expand and develop the tenets of psychoanalytic theory. Neo-Freudians like Jung, Erikson, and Horney were less fixated on early childhood sexuality, while still retaining the core elements of Freudian theory. For instance, Erik Erikson built on Freud’s stages of psycho-sexual development to propose a more comprehensive model of human development. Other developmental psychologists like Piaget followed suit. Karen Horney also interjected… Continue Reading...

Business Plan for Yolo Concepts

of overseeing operations; the CFO will be in charge of accounting and cash flow management. The marketing director will be in charge of social media and marketing operations. Managerial decisions will be made by the three working together to discuss ideas, issues and potential solutions to challenges along the way with the CEO having the final say on all matters. Bartenders will work for tips; DJs will be compensated at the end of the night based on draw and the amount of money gained from admission fees up front; lighting and set-up/take-down crews will be compensated out of pocket… Continue Reading...

Accounting and Audit Enforcement

accounting and Audit Enforcement 1. The Sarbanes-Oxley Act applies to publicly-traded companies. Thus, it does not apply to non-profit entities. Nor does it apply to for-profit entities that are not publicly-traded. This is because SOX was passed specifically to address instances of accounting fraud in publicly traded companies that were undermining consumer trust in the capital markets (101.com, 2018). A publicly traded companies has a variety of different obligations under SOX that will help to reduce the opportunities and incentives for accounting fraud. Both opportunity and incentive are components of… Continue Reading...

Philosophical Orientations and Theory

such industrial activities can be classified. These comprise of technical activities, commercial activities, financial activities, accounting activities, managerial activities and security activities (Amirkhani, 2016). A key question to be considered is what an individual has to have to believe regarding the world and regarding human beings so as for the person to accept or to utilize this theory. In order to utilize this theory, it is imperative for an individual to comprehend that not all persons can become managers. Rather, there is a significant need for skills and qualities to be acquired in order to be able to manage… Continue Reading...

Starbucks Ratio Analysis

a Financial Report. Retrieved from http://web.archive.org/web/20031004053025/http://philanthropy.ml.com:80/ipo/resources/pdf/howtoreadfinreport.pdf Noreen, E. W., Brewer, P. C., & Garrison, R. H. (2017). Managerial accounting for Managers (4th ed.). Boston, MA: McGraw-Hill Porter, G.A. & Norton, C.L. (2012). Financial accounting: The Impact on Decision Makers (8th ed.). Mason, OH: Cengage Learning Starbucks (2018). Investor Relations. Retrieved from https://investor.starbucks.com/press-releases/financial-releases/press-release-details/2017/Starbucks-Reports-Q4-and-Full-Year-Fiscal-2017-Results/default.aspx Appendices Appendix 1: Liquidity Ratios Ratio Oct 1, 2017 Oct 2, 2016 Current Ratio = Current Assets/ Current Liabilities $5,283/$4,220 1.25 $4,757/$4,546 1.05 Quick Ratio = Current Assets – Inventory/ Current Liabilities $5,283 – $1,364/$4,220 0.93 $4,757 – $1,378/$4,546 0.74 Appendix 2: Financial Leverage Ratios Ratio Oct 1,… Continue Reading...

Ngo Boards Financial Continuity Strategies

Performing and reporting on financial audits facilitate organizational accountability. Fund accountancy The approach in fund accounting is to keep records of resources that donors, governing boards, legal entities or granting agencies provide limited ways in which the funds are used. Every fund has inherent balancing of the liabilities, revenue, expense account, and assets. Net assets and the fund balances are classified as unrestricted, permanently restricted or temporarily restricted in the financial position statement depending in the donor’s restrictions and the net assets base. Therefore, fund accounting is associated with segregation of the funds available towards the current projects and the financial… Continue Reading...

Chief Executive Officer Ceo Of Durango Manufacturing Company

the consultant, create an argument that you will present to the CEO that suggests accounting and financial management knowledge and skills will be essential to the company’s success and stability over the next five (5) years. Provide support for your argument. As a consultant to the Chief Executive Officer (CEO) of Durango Manufacturing Company, I have established that the firm has a weakened pecking order in terms of accounting and financial structure, lack of proper segregation of duties, lack of properly delineated responsibilities, lack of highly trained and proficient medium level and high level managers. accounting and financial management… Continue Reading...

Marketing B2b and B2c

companies have a complex system of approvals – for Lenovo this would be purchasing, accounting/finance and IT at the very least. But purchasing laptops for a company is also something that pertains to the entire ecosystem in which the laptop will operate. Each company has its own software stack with which it works, and the choice of laptop will be reflected in what tech is needed. Some companies need a fairly minimal stack, and can maybe use weaker laptops. Other companies might have demand for powerful computers. Road warriors within a company might need sturdier computers. There is also… Continue Reading...

The Health Care Administration

interest in this effect can be referred to as interest on interest ( accounting for Management, 2017). Money has time value since it can be invested to make more money. This means a dollar received in the future had lesser value that a dollar received today. A dollar received today is more valuable than a dollar received in the future since it can be invested to receive more money. The future value of a dollar therefore is what that dollar will be worth if it earns interest for a specific time. Present value is the current value of money that… Continue Reading...

Health Care Administration Health It Architecture or Infrastructure

on the constraint on the capital budget (Bruggen, 2011). An advantage of the accounting rate of return method is that it is simple to calculate and comprehend. It takes into consideration the total profits over the whole economic life period of the project. On the other hand, a key disadvantage of the approach is that it overlooks the key factor that it time. That is, the approach fails to consider the time value of money. References Bruggen, A. (2011). Capital rationing for capital budgeting. Capital Budgeting Valuation: Financial Analysis for Today\\'s Investment Projects, 13, 95. Morrow, W. (2016). How Cloud Computing… Continue Reading...

Cash Basis Vs. Accrual Accounting

accounting Re: accounting Policies The company is facing a challenge where it does not have the cash needed to pay employee salaries. Although the company shows a profit, it has negative cash flow at present. Understanding how cash accounting and accrual accounting works will highlight how this situation has come to be. Cash accounting is accounting via cash flows which is a simple methodology, typically used by small business. It is relatively easy to implement, but has a disadvantage of distorting… Continue Reading...

Launching a New Product in the Market

of cost goal specificity and new product development process on cost reduction performance. accounting, Organizations and Society, 42, 1-11. Grudin, J. (2017). Obstacles to participatory design in large product development organizations Participatory Design (pp. 99-119): CRC Press.   Continue Reading...

Why Elon Musk Must Go

erupts in chaos after senior execs leave, Musk tokes up. Retrieved from https://www.bloomberg.com/news/articles/2018-09-07/tesla-chief- accounting-officer-leaves-citing-level-of-scrutiny Lambert, F. (2018). Tesla model S battery caught on fire without accident. Retrieved from https://electrek.co/2018/06/16/tesla-model-s-battery-fire-investigating/ Mahmood, M. (2015). Strategy, structure, and HRM policy orientation: Employee recruitment and selection practices in multinational subsidiaries. Asia Pacific Journal of Human Resources, 53(3), 331-350. Matousek, M. (2018). Elon Musk says he agrees that there are too many robots on the Model 3 production line. Retrieved from https://www.businessinsider.com/elon-musk-says-model-3-production-using-to-many-robots-2018-4 Mullen, J. & Shane, D. (2018). Weed, whiskey, Tesla and a flamethrower. Retrieved from https://money.cnn.com/2018/09/07/technology/elon-musk-joe-rogan/index.html Nees, T. (2014). On becoming a servant leader. Retrieved from http://tomnees.com/leadership/on-becoming-a-servant-leader/… Continue Reading...

Understanding Issues Pertaining to Retailers Going Global

of Retailing and the Importance of Adaption to the New Markets. International Journal of Management, accounting and Economics, 2(9), 1110-1121. Stephens, D. (2015, February 05). The Future of Retail is the End of Wholesale. Retrieved April 11, 2018, from https://www.businessoffashion.com/articles/opinion/future-retail-end-wholesale Continue Reading...

Business Programs in Canada

models of computation, and integral calculus. Although commerce essentials are part of the program as well, like managerial accounting, course offering consisting of data structures and software construction are the focus for the first two years. Then for years 3 and 4, students learn software engineering, artificial intelligence, and management of information systems. The degree has a core of basic business courses with heavy emphasis on computer science principles. Stephen J.R. Smith School of Business at Queen's University The next school to examine is the Stephen J.R. Smith School of Business at Queen's University. This is a business school… Continue Reading...

Walmart

Inc. Retrieved from https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=313055 Heisinger, K. (2009). Essentials of Managerial accounting. Mason, OH: Cengage Learning. Morning Star (2018). Walmart Inc. WMT. Retrieved from http://financials.morningstar.com/ratios/r.html?t=WMT®ion=usa&culture=en-US Walmart (2018). About Us. Retrieved from https://corporate.walmart.com/our-story Continue Reading...

Management and Leadership Dream Job Cfo

major Fortune 500 company would be my dream job. Capitalizing on a core base of competencies in accounting, cash flow management, and risk management, the CFO sits in the C-suite with a greater sense of purpose and a role that is instrumental in guiding the organization’s strategies (“Chief financial officer (CFO) job description,” 2017). An understanding of management concepts, theories, and principles will help me achieve this goal to help me manifest a utopic career. For example, systems theory shows how the CFO fits into the overall organization and its interdependent, multilateral nature. Likewise, the CFO must have mastered… Continue Reading...

Marketing Strategy for a Nightclub

CEO will be in charge of overseeing operations; the CFO will be in charge of accounting and cash flow management. The marketing director will be in charge of social media operations, which will be very important as this will be the direct line of communication between YOLO and the party-going patrons. Managerial decisions will be made by the CEO, CFO and marketing director working together to discuss ideas, issues and potential solutions to challenges along the way with the CEO having the final say on all matters. Bartenders will work for tips; DJs will be compensated at the end… Continue Reading...

Why Vaccinations Should Be Compulsory

half of the 20th century, polio represented one of the most feared diseases in the country, accounting for tens of thousands of cases of paralysis and accelerated death (Five reasons to vaccinate your child, 2018). Result: Since the introduction of vaccinations, however, there have been no reports of polio in the United States in recent years (Five important reasons to vaccinate your child, 2018). In some other countries such as Pakistan, the picture is not so bright and the people in at least two other countries besides continue to struggle with the provision of universal vaccinations for their populations… Continue Reading...

Starbucks Company Ratio Analysis

the event of an emergency. References Noreen, E. W., Brewer, P. C., & Garrison, R. H. (2017). Managerial accounting for managers (4th ed.). Boston, MA: McGraw-Hill. ISBN-13: 9781259578540. Starbucks. (2017). Starbucks Reports Q4 and Full Year Fiscal 2017 Results. Retrieved 29 August, 2018 from: https://investor.starbucks.com/press-releases/financial-releases/press-release-details/2017/Starbucks-Reports-Q4-and-Full-Year-Fiscal-2017-Results/default.aspx Lan, Z. J. (2012). 16 Financial Ratios for Analyzing a Company’s Strengths and Weaknesses. AAII Journal. Appendix 1. Profitability Ratios i. Gross profit margin 6,855,300 / 22,386,800 * 100 = 30.62% ii. Net profit margin 2,884,700 / 22,386,800 * 100 = 12.89% iii. Return on assets 2,884,700 / 14,365,600 * 100 = 20.08% iv. Return on… Continue Reading...

Unit Of Analysis in a Research Project

data for inferring industry expertise and market leadership, besides distinguishing the big 6 accounting companies from each other.  Incorrect Unit of Analysis Ecological fallacy is a widely occurring mistake one will get to witness in regards to causality as well as UoI. This happens when a researcher makes claims pertaining to a lower-level UoI on the basis of information from a higher-level UoI. In a large number of instances, this happens when making claims at the individual level, when information has been collected for the group. For instance, one may wish to gain insights into whether or not addiction… Continue Reading...

Cabg Surgery Plan Of Care

initial half to one day; subsequently, the patient may be shifted to subcutaneous insulin. Personalized approaches are required for accounting for diabetics and insulin-resistant individuals. Care must to taken to prevent hypo- as well as hyper- glycaemia (Whitman, Murphy & Gilson, 2012). The immediate aftermath of CABD surgery represents a dynamic phase marked by foreseeable hemodynamic steadiness and related coagulopathy, appreciable vascular tone changes, and major fluid shifts. For accomplishing the hemodynamic stability goal, every organ system needs to be aptly managed, focusing on electrolytes, ventilation status, pain control, acid-base state, and sedation. Cardiac intensivists need to tackle stability… Continue Reading...

A Biblical Worldview in Finance

His Word. References Agrawal, A., & Cooper, T. (2015). Insider trading before accounting scandals. Journal of Corporate Finance, 34, 169-190. Becker, W. R. (2016). Friends with Benefits: Redefining Personal Gain in Insider Trading Under Salman v. United States. Duke J. Const. L. & Pub. Pol'y Sidebar, 12, 47. Heller, R. (2017). Monetary mischief and the debt trap. Cato Journal, 37(2), 247-261. Minor, D. (2016). Risk Preferences and Misconduct: Evidence from Politicians. Harvard Business School Working Paper, No. 16-073. Pritchard, A. C. (2016). The SEC, Administrative Usurpation, and Insider Trading. Stan. L. Rev. Online, 69, 55. Towns, E. L. (1989). A Journey Through the Old Testament. Books. Paper… Continue Reading...

Make University Tuition Free

have a brighter future at home. The Pentagon itself should go back to college to learn so accounting skills: after it, it has misplaced more than $20 trillion in the past two decades and has no way of saying where the money went (Kotlikoff). Yet our government cannot pay out $62.6 billion a year to help students go to school? Who is being conned here? The American people are being conned. The opposing argument goes something like: Yes, but if the government made education free, everyone’s taxes would rise and ordinary people cannot afford to pay more taxes anymore… Continue Reading...

Emirates Airlines Porters Five Forces Analysis

Retrieved from: https://www.industryweek.com/companies-amp-executives/10-strategies-managing-suppliers Bowhill, B. (2008). Business planning and control: integrating accounting, strategy, and people. Hoboken: John Wiley & Sons. David, F. R., & David, F. R. (2003). Concepts & cases. New York: John Wiley and Sons. DePersio, D. (2018). Analyzing Porter's Five Forces on Delta Airlines (DAL). Investopedia. Retrieved from: https://www.investopedia.com/articles/markets/012816/analyzing-porters-five-forces-delta-airlines-dal.asp Dudley, D. (2017). Rising Competition Threatens Profits Of Middle East Airlines. Forbes. Retrieved from: https://www.forbes.com/sites/dominicdudley/2017/12/07/competition-threatens-profits-gulf-airlines/#496f684b38a1 Kim, W. C., & Mauborgne, R. A. (2014). Blue ocean strategy, expanded edition: How to create uncontested market space and make the competition irrelevant. Harvard business review Press. Porter, M. E. (1980). Competitive strategy: techniques… Continue Reading...

Financial Strategies Of Healthcare Organization

stress on the scarce internal resources: Through outsourcing of accounting functions the healthcare institution can benefit from centralized physician billing, centralized credentials, professional billing and fee coding. Outstanding physician leadership with national experts support is another direct benefit for the healthcare institution. Other financial benefits of bringing foreign healthcare providers into a financial organization include alleviation of critical mistakes in the organization, access to trained, skilled and expert healthcare professionals, alleviation of training costs, ample time to ensure that more attention is given to enhanced patient care, alleviated costs while at the same time ensuring quality of healthcare (Duening… Continue Reading...

High Working Performance in Organizations

and organizational strategy: How to design systems that meet the needs of confrontation strategy firms. The British accounting Review, 43(4), 251-263. Armstrong, M., & Baron, A. (2005). Managing performance: performance management in action. CIPD publishing. Ashton, D. N., & Sung, J. (2002). Supporting workplace learning for high performance working. International Labour Organization. Bélanger, J., Giles, A., & Murray, G. (2002). Towards a new production model: potentialities, tensions and contradictions. Work and Employment Relations in the High Performance Workplace. London: Continuum, 15-71. Belt, V. and Giles, L. (2009). High Performance Working: A Synthesis of Key Literature. UK Commission for Employment and Skills. Retrieved from: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.612.340&rep=rep1&type=pdf… Continue Reading...

Understanding Supply Chain Management

customers outlined above. Moreover, it should ideally perform this task while accounting for regulatory issues and the financial expectations previously denoted for reducing costs while bettering its services. AADC needs to achieve these objectives for the core business areas it focuses on while remaining a commercially viable and profitable subsidiary of ADWEA. Even a perfunctory analysis of AADC’s quality management systems reveals that these goals may be attained by reducing the company’s lead time for parts ordered via the deployment of Six Sigma and drew charts using Minitab. By effectively implementing these measures for supply chain management, the company… Continue Reading...

Diabetes and Self Care

to higher HbA1c for a period of 12 months while accounting for the variability between participants in HbA1c and the recent history of glycemic control. The findings are in line with other research that shows that distress associated with diabetes is linked to poor glycemic control. Some studies have, however, shown a negligible relationship between the prospective HbA1c and diabetes distress when it is controlling for the baseline HbA1c. The present studies, unlike the previous ones, included people with one risk factor or more for complications related to diabetes, and for whom more distress from diabetes may have caused… Continue Reading...

Fraud and Accounting Balance Sheets

Q1. How have accounting techniques changed in recent years? How do they resemble practices in Italy during the Renaissance? According to McCrie (2016), one of the great innovations which emerged during the Renaissance was that of double-entry bookkeeping. This technique, still used today, records the organization’s assets in one column or book versus liabilities, or claims on those assets (p.252). The term “dual entry” came into practice given both records were listed in dual columns. Still, some substantial innovations have taken place since the early days of double-entry… Continue Reading...

Israel S Human Rights Violations

the Ethiopian-Jews has failed to marshal enough influence mostly because they are only small in number accounting for about 1% of the entire Israeli population or 100,000 people1. One other reason why Ethiopian Jews have been unable to make any fundamental inroads into their struggle against racism perpetuated by the state is that there has been a shortage of political players among their ranks to act as con-conspirators. Most Ethiopian Jews have shied away from seeking alliances with groups that would partner with them in their political struggle such as other experienced political strategists of Sub-Saharan origin[footnoteRef:5]. [5: Salamon,… Continue Reading...

Evaluating a Health Program

Space utilized · Invoices filed · Receipts kept · Audit · Session logs · Interview with accounting staff · Observation · Record review · Site visit What is the knowledge of Alzheimer’s among the participating population and what is their readiness level for dealing with Alzheimer’s? · Percentage increase in the knowledge of Alzheimer’s patient’s loved ones/care givers of Alzheimer’s · Survey · Interview with participants To Ensure the Quality of the Evaluation To ensure the quality of the design, a pre/post quasi-experimental design followed by a second posttest 6 months following the completion of the implementation of the intervention should be conducted (Harris,… Continue Reading...

The Elderly in America and Their Quality Of Life

65 years or older living in the United States, accounting for about 16% of the total population (United States people, 2019). This demographic group is also the fastest growing in the country, and current projections indicate the there will be far more elderly people in the foreseeable future who are living to even older ages. Indeed, some scientists believe that due to ongoing innovations in health care and medical device technologies, humans born today could live to reach 150 years and even older (Glor, 2012). Given these astounding trends in human history, the question emerges concerning how the elderly… Continue Reading...

Managerial Accounting and Business Ethics

paper is to examine the business ethics in managerial accounting from the perspective of product liability. Business Ethics in Managerial accounting: Product Liability Perspective Managers necessitate information from managerial accounting for decision making in a just about incessant and more recurrent manner. Managerial accounting permits for management planning, operation and control of the current and future of the organization for continual progression and achievement (Ghose, 2017). Corporations are completely reliant on managerial accountants for providing the accurate state of operations such as precise market purchasing trends, anticipated expenses for supplies and production labour, and inventory quantity levels. Imperatively, unethical… Continue Reading...

Conflict Mapping in South Sudan

characterized by ethnic diversity and accounts 60 diverse major ethnic groups with the Dinka accounting for 35.8% and the Nuer accounting for 15.6 % being the largest ethnic groups. However, it’s estimated that there are over 4 Million South Sudanese refugees by end of 2017, with half of the refugees fleeing to neighboring nations. The refugee crisis in South Sudan is the largest globally after Afghanistan and Syria (Dessalegn, 2017). The economy of South Sudan has been deteriorating since independence in 2011 and characterized by underdeveloped infrastructure ranking poorest in multiple socioeconomic indicators (King 2015). The country has a… Continue Reading...

Public Administration Government and Interagency Relationships

management also highlights the benefits of interagency partnerships in accounting for the various strengths and jurisdictions of local, state, and federal agencies as well as external entities like non-governmental organizations (NGOs) and the private sector (Hagen, 2006). The success of many interagency partnerships does not obscure the fact that there are potential problems with formalizing such relationships. Problems include unnecessary redundancy, inefficiency, and potential security breaches. The risks with mandatory interagency collaboration can be managed and mitigated through effective leadership and management. Failures in interagency partnerships have highlighted the primary areas of concern, which include role clarity and control… Continue Reading...

Regulatory Measures Involving 1984 Sentencing Reform Act

(2008). Ethical Guidance and Constraint Under the Sarbanes-Oxley Act of 2002. Journal of accounting, Auditing & Finance, 23(1), 141-171. Read, K. (2018, October 24). The Federal Sentencing Guidelines for Organizations (FSGO): Compliance and Ethics Program Ideas & Innovation | Convercent. Retrieved from https://www.convercent.com/blog/the-federal-sentencing-guidelines-for-organizations-fsgo-compliance-and-ethics-program-ideas-innovation   Continue Reading...

How Does Public Policy Work

for the Military to Cover Universal Health Care in America Since the Pentagon is so bad at accounting anyway and spends trillions on wars that never end and never come to any good (Philips, 2003) but that have high casualties both abroad and for returning soldiers who suffer from PTSD (Kang et al., 2015). As Macias (2018) shows, the war is a drain on America’s finances. The country has gone deeper into debt and has nothing to show for it. Moreover, the policy of R2P has made America less safe. As Best (2002) points out, there is a big negative… Continue Reading...

Weapons Of the Civil War

the time (Ripley, 1984), or $15,000 in today’s money accounting for inflation. The 12-pounder, 24-pounder and 32-pounder were all used during the Civil War. 24-pounders were commonly found in both the North and the South reserve batteries but by the end of the war the guns were doing most of the talking. Woolfolk used the 24-pounder in his battery in the Northern Virginia Army; however, he was the exception—for the most part the Union did not put these weapons into the field. The 24-pounder and the 32-pouner were mainly used as fixed cannons to defend fortifications, but still they… Continue Reading...

Qualitative and Quantitative Costco Internal Assessment

Kimmel, P.D. & Kieso, D.E. (2015). Financial & Managerial accounting. Hoboken, NJ: John Wiley & Sons. Yahoo Finance (2019). Costco Wholesale Corporation (COST). Retrieved from https://finance.yahoo.com/quote/cost/profile/?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAH7AhuZXGIxe9Ebua7uhqvBjS3nYa8D4Fah06thefsowRdlN0JAaodwP67msJKZvkvb2gfKNzPYjBl6EO01yNqVRkSxigROAKJsY5J98i_oNFtOs-DGTRPMsX7-JRcvGKI8dgZZjuyu9Yuw5E-ZbHv3fsMK-y273Fy8-WQHfIMSI&guccounter=1   Continue Reading...

The Deal Between the French Champagne House and Mpb Ltd

to be generated (Weygandt et al., 2009). References Heisinger, K. (2009). Essentials of managerial accounting. New York: Cengage Learning. Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2015). Financial & managerial accounting. Hoboken: John Wiley & Sons. Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2009). Managerial accounting: tools for business decision making. Hoboken: John Wiley & Sons. Continue Reading...

Opioid Crisis in the United States

national opioid overdose deaths since 2000, with especially dangerous synthetic opioids accounting for a majority of these deaths. Likewise, although the deaths attributed to suspected heroin overdoses have leveled off since 2006, this drug still exacts a severe human toll on Americans as well as the economy.  There are also some noteworthy regional differences in the number of opioid casualties across the country as depicted in Figure 2 below. Figure 2. Quarterly rate of suspected opioid overdose by U.S. region:  3rd quarter 2016-3rd quarter 2017 Source:  Opioid overdose overview, 2019 at https://d14rmgtrwzf5a.cloudfront.net/ sites/default/files/quarterlyrate_cdc_3.18.gif As shown in Figure 2 above,… Continue Reading...

Reflection on Assessment Competencies for School Leadership

Much is expected of a leader in a school system since they are the accounting officer. The leader is also responsible for developing sound policies for the students and teachers understandably to create an enabling environment for all parties involved. The ten assessment questions are used to highlight the competency of a curriculum, the ability of a leader to develop a good rubric to guide students and teachers and an enabling environment for the community to evaluate the viability of a curriculum and address what is needed to improve the learning environment through the guidance of the teachers and… Continue Reading...

Hunger Eradication and Extreme Poverty

and political factors (Addae-Korankye, 2014). Agriculture is the backbone of the rural economy in Africa accounting to 90% of household income for the rural population. While the share of investment in agriculture in developed countries remains higher relative to the sector's contribution to the GDP, the reverse is prevalent in Sub Sahara Africa where agriculture sector contributes the highest proportion GDP but attracts less investment. Agriculture productivity in Africa has increased at a marginal rate in Africa. FAO notes that while Asia and Latin America have managed to increase yields to more than 3 metric tons per hectare, Africa… Continue Reading...

The Enron Trial and Kenneth Lay and Jeffrey Skilling

identified that the crumbling fall was as a result of institutionalized and creative accounting fraud that hid Enron’s losses and debts between 1997 and 2000. Enron got approval to use Mark-to-market (MTM) accounting method, a method that enabled writing off unprofitable business lines without negatively affecting the bottom line which in essence presented the company more as profitable than the actual figures which was the impendence for the accounting fraud (Thomas, 2006; Li, 2010). A task force headed by Leslie Caldwell was established by the chief of the Justice Department’s Criminal Division Michael Chertoff to investigate Enron. The task… Continue Reading...