Accounting for Partnerships Advanced Accounting Partnership is a legal business relationship between two or more people who agree to do business for the purposes of earning profit. It is considered as the most appealing option in setting up a new s Continue Reading...
Accounting Standards? Over time, quite a number of accounting guidelines and rules have been developed by bodies like FASB and IASB. Do these standards serve any meaningful purpose? In this text, I concern myself with accounting standards and their Continue Reading...
Accounting Approaches: Deductive vs. Inductive Approaches Two major divisions exist regarding the classification of accounting approaches: the inductive and deductive method. "In the deductive or judgmental approach, relevant environmental factors a Continue Reading...
This process has been ongoing since then. One of the major differences between the two standards is going to be that whereas GAAP emphasizes rules, the IFRS is a principle-based approach. Implementing a principles-based approach has significant imp Continue Reading...
Accounting and Intrusion Detection In a report issued by Paladin Technologies, Inc., entitled: "Security Metrics: Providing Cost Justification for Security Projects," 273 organizations were surveyed on the topic of security. The report illustrates i Continue Reading...
Absence of adjusting entries would most likely to either understate or overstate the accounts in the period of reporting and will have an adverse effect on the following reporting period. This is true except for bad debts or doubtful accounts and de Continue Reading...
Accounting Theory Over the year, the world scholars continue to evaluate the economics of the world to understand their functioning. In this course, they developed the subject of accounting to assess the frameworks of financial principles. The accou Continue Reading...
Accounting Concepts and Practice Income Statement and Balance Sheet Smith Company Income Statement For the Year Ended 31st Dec 2012 Revenue $406,000 Less cost of goods sold $234,000 Gross profit $172,000 Less: Expenses Depreciation expens Continue Reading...
Accounting standards and IFRS adoption in Cambodia and Thailand The significance of accounting standards Accounting may be considered as a business language through which the statistical results can be acquired which help in analyzing how well the Continue Reading...
Application Development and Interface Customization for Accounting & Finance The core aspects of this area of analysis are supported for embedded SQL, support for standard and embedded interfaces, support for XML and Web integration technologi Continue Reading...
Literally the work of a Payroll Administrator and the staff they are a member of can make the difference between people in the company having jobs or not, or if the decision is made to shift the jobs to outsourcers or offshore to lower priced countr Continue Reading...
In the event of a recall or price protection program on any product, given the rudimentary nature of how Kudler's is managing their systems, they would not be able to react quickly. Instead the reaction would be manual and very slow, and costly to c Continue Reading...
Accounting Approach to Valuation by GAAP and IFRS: Key Differences When it comes to valuation by U.S. GAAP and IFRS, there exists a number of differences in terms of the approaches used. To begin with, in regard to inventory valuation, both FIFO an Continue Reading...
Accounting Budgeting The traditional role of budgeting combines the need for planning and the development of a framework which can be used for control. This is achieved through the gathering of figures for the expected or desired revenue generation Continue Reading...
Naturally, to the extent the AMT applies to the specific segment of taxpayers to whom it was initially addressed, it is serves a beneficial purpose; on the other hand, that benefit must be considered against the unintended consequences and unfairnes Continue Reading...
Education should come from non-profit international scientific, health and environmental organizations. They would be most widely respected and would have more access to both the TNCs and the host and origin country governmental bodies. They can ed Continue Reading...
As such, their may be little money to invest in expansion, organic growth, acquisitions, and so forth. This can potentially be a detriment to the company as they may be unable to pursue business initiatives that may otherwise increase earnings and p Continue Reading...
Leverage permits superior possible returns to the investor than otherwise would have been obtainable but the probable for loss is in addition superior, since the investment becomes valueless, the loan principal and all accumulated interest on the lo Continue Reading...
It wasn't until the 1920s and '30s that their blue-collar counterparts began to get paid vacations as well. Americans in the late 20th century "worked more days per year than workers in other prosperous nations, such as those in Europe, yet on aver Continue Reading...
International Accounting Undergraduate degree Accounting & Finance 1. The Assignment "Several organisations involved efforts harmonise accounting practices rregionally internationally. The important players effort European Union (regionally) Inte Continue Reading...
FASB and GASB Accounting Compare and contrast FASB and GASB accounting. Explain the objectives of the two standards boards and how they are similar and different. Describe how the modified accrual basis of accounting differs from full accrual accou Continue Reading...
The author 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 Continue Reading...
Accounting Case Study Legal Plan Services What type of product is Legal Plan Services selling? Tangible or intangible? What type of benefits does the client receive for his membership? The kind of products that Legal Plan Services is selling is l Continue Reading...
They then proceed to detail their selected sample (76 NYSE firms that reported at least three annual losses in period's 1980-1985 and that reduced cash dividends. They then implemented various conditions to test their hypothesis that it is the troub Continue Reading...
Practicum Accounting Are your accounting methods holding back your business? This article by Mendelsohn (2016) focuses on the increasing irrelevance of Generally Accepted Accounting Principles (GAAP). According to the author, GAAP accounting standard Continue Reading...
Technology in Accounting The author of this report is going to offer a fairly lengthy report about how technology has played an integral role in the changing of accounting. Indeed, technology and the internet have changed many things in demonstrable Continue Reading...
Professional Profile of the Defense Finance and Accounting Service (DFAS): Chaos What is the Defense Finance and Accounting Service? Ensuring that the men and women who work for the United States military receive their salaries promptly is critica Continue Reading...
Accounting Systems Assessing the Current and Future State of The lifeblood of any business is the revenue it generates while managing costs, ensuring profitability of the business, and its long-term survival and growth. The catalyst of managing a b Continue Reading...
Accounting Course Concepts Olympus Corporation Company Overview With sales of $10.6 billion for the fiscal year ended March 31, 2011, Olympus Corporation (hereinafter alternatively "Olympus" or "the company"), is a leading manufacturer of endosco Continue Reading...
Countrywide Accounting Fraud In the year 1969, David Loeb moved to NY from Virginia to begin a home loan and advance organization named as "United Mortgage Servicing." He was joined by his trusted aide Angelo Mozilo. Both shared common dreams of big Continue Reading...
Corporate Social and Environmental Reporting: Greenwashing or Legitimate Accounting Practice? Corporations have increasingly been viewed as owing a social and environmental responsibility to a wide range of stakeholders, including their employees, s Continue Reading...
Advice for the Company on the New Internal Control Requirements Internal control requirements are the policies, mechanisms and procedures that organizations should satisfy to minimize the operational risks. The internal control is very critical to Continue Reading...
Thanks to a crash in the value of telecom assets, 90% of that net loss (or $45 billion) was due to a charge for the reduction of the value of goodwill carried on its books" (Galarza 2001). When investors see companies such as JDS Uniphase declare a Continue Reading...
Infant Mortality Health Care Disparities in Infant Mortality Numerous empirical studies have demonstrated a significant discrepancy in survival rates of newborns of different race. It has been shown that black infants are two times more likely to d Continue Reading...
Accounting Policy Setting Using Ex-Ante and Ex-Post Accounting Techniques Firms make contracts every day because they are required to gain assets that would be costly for them to obtain otherwise. At one time these contracts were made from an opini Continue Reading...
Accounting (Auditing) The information that an auditor gathers as he runs analytical procedures in an entity he is auditing and as he gets better acquainted with the organization must be enough in determining materiality and assessing risks. Material Continue Reading...
Accounting International Accounting and Auditing Standards International public sector accounting standards (IPSAS) are developed and put forth by the International Public Sector Accounting Standards Board of the International Federation of Account Continue Reading...
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 acc Continue Reading...
