Accounting Assets Essays and Term Papers
392 Essays on Accounting Assets. Documents 101 - 125
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Advantages and Disadvantages of Principles-Based Accounting
What are the advantages and disadvantages of principles-based accounting? Perhaps the primary benefit of principles-based accounting rests in its broad guidelines that can be applied to numerous situations. Broad principles avoid the pitfalls associated with precise requirements that allow contracts to be written specifically to manipulate their intent. A 1981 study sponsored by FASB found evidence that managers purposefully try to structure leases as operating leases to avoid incurring additional liabilities. Providing broad guidelines may
Rating:Essay Length: 453 Words / 2 PagesSubmitted: December 22, 2009 -
Management Accounting
Management Accounting II FCB Bakery Shop Executive Summary FCB Bakery is a specialty food retailer. FCB uses a system that is similar to RotiBoy Bakery to provide Mexican buns in a fast and time-efficient way. FCB provides its customers the ability to order and buy the bun without waiting in long queue. FCB is offering cheaper offers to the RotiBoy. FCB offers its patrons the finest Mexican buns, specializing in specialty coffees flavors. In addition,
Rating:Essay Length: 789 Words / 4 PagesSubmitted: December 22, 2009 -
Capital Asset Pricing Model
Capital Asset Pricing Model The Capital Asset Pricing Model otherwise know as CAPM defines the relationship between risk and return for individual securities. William Sharpe published the capital asset pricing model in 1964. CAPM extended Harry Markowitz's portfolio theory to introduce the notions of systematic and specific risk. For his work on CAPM, Sharpe shared the 1990 Nobel Prize in Economics with Harry Markowitz and Merton Miller CAPM assumes the concept of a logical
Rating:Essay Length: 1,211 Words / 5 PagesSubmitted: December 23, 2009 -
Overview of Accounting
Overview of Accounting Introduction One of the most significant tools, or pieces of information, available to managers today is business data such as financial statements and managerial reports. If there is any decision worth making in business, it is worth making it with the appropriate data to back it up and base it on. Oliver Wendell once said, пїЅThe significance of facts is more important than the facts themselves, and if accountants know the significance,
Rating:Essay Length: 815 Words / 4 PagesSubmitted: December 23, 2009 -
An Historical Perspective of the Accounting Environment: A General Outline of A Western European and North American Linkage
AN HISTORICAL PERSPECTIVE OF THE ACCOUNTING ENVIRONMENT: A GENERAL OUTLINE OF A WESTERN EUROPEAN AND NORTH AMERICAN LINKAGE Berith Bronger Siemers Dongbei University of Finance & Economics Dalian, PR China Working Paper 05-22-2006 ABSTRACT It is recognized that the usefulness of accounting information is contingent upon its (1) neutrality, (2) relevancy, and (3) reliability. Given that all socio-economic systems are comprised of participants and institutions, it would seem that the attainment of those three
Rating:Essay Length: 7,828 Words / 32 PagesSubmitted: December 23, 2009 -
New York Accounting Code of Ethics
New York Accounting Code of Ethics The Code of Ethics provides guidance on how to maintain the Company’s commitment to being ethical in all its business dealings. In all Company matters, employees must abide by the ethics and compliance principles set forth in this Code as well as all other applicable corporate policies and procedures. Violations of the Code or other policies are subject to disciplinary action, up to and including termination. In some cases,
Rating:Essay Length: 682 Words / 3 PagesSubmitted: December 23, 2009 -
Harmonization of Accounting Standards
Abstract Discussion on harmonization is started quite long time ago. Its impact on the countries economy is good or bad is the central idea of this essay. This essay is written specifically on the accounting standard used in Australia. This essay starts with introduction on various topics such as conceptual framework, IASB, Sacs then it discussed the issue of harmonization. Harmonization will have positive impact on the economy because it attracts overseas investors to invest
Rating:Essay Length: 4,570 Words / 19 PagesSubmitted: December 24, 2009 -
Accounting for Management - Syndicate Project
Table of Contents 1 Introduction................................................................................................................... 1 2 Background ................................................................................................................... 2 2.1 Giordano Holdings International Limited (0709.HK) ...................................................................... 2 2.2 Esprit Holdings Limited (0330.HK) .................................................................................................... 2 3 Industry Factors ..........................................................................................................3-4 3.1 Distributions ......................................................................................................................................... 3 3.2 Fashions and Product Mix ................................................................................................................... 3 3.3 Technology ............................................................................................................................................ 4 3.4 Seasonaility and Weather ..................................................................................................................... 4 4 Economic Factors.......................................................................................................5-6 4.1 Current Economic Conditions ............................................................................................................. 5 4.1.1 Income / Output ............................................................................................................................... 5 4.1.2 Unemployment................................................................................................................................. 5 4.1.3 Inflation.............................................................................................................................................. 5 4.1.4 Interest Rate ......................................................................................................................................
Rating:Essay Length: 3,993 Words / 16 PagesSubmitted: December 24, 2009 -
How to Sell a Major Asset
How to Sell a Major Asset: An initiative started in 2004 to sell the surplus Bang Factory assets has been completed. Hong Jin has sold the process plant assets from the Hong Jin Philippines Factory through the planning and hard work of a large cross-functional team. How does a company go about selling a network of vessels, pipes, compressors and all that makes up a factory? The keys are sound methodology and the right connections.
Rating:Essay Length: 336 Words / 2 PagesSubmitted: December 24, 2009 -
Accounting Principals
Memo In any business no matter how big or small financial statements are crucial if achieving success is the ultimate goal. There are three main types of financial statements, they are: Income statement, balance sheet and statement of owner’s equity. All three of these financial statements can be looked upon to see where changes can be made in a company to ensure better success. The income statement is important because it presents the revenues
Rating:Essay Length: 397 Words / 2 PagesSubmitted: December 25, 2009 -
Management Accounting
Introduction Project appraisal techniques are a useful tool to assess the potential benefits and impacts of undertaking a project or a new development. Three widely used and accepted methods used by finance and project managers are: Payback Method Accounting Rate of Return Net Value & Net Present Value This paper will exemplify and evaluate each of the three project appraisal techniques and highlight validity as an aid to decision making. The following example will be
Rating:Essay Length: 2,385 Words / 10 PagesSubmitted: December 25, 2009 -
Introduction to Accounting, Ass. 1
Assignment One, Introduction to Accounts P1, L.Barker BCOT Business & Leisure Basingstoke RG21 6YG Mr. B Partton Bob’s Builders Ltd Manor industrial park Basingstoke RG22 9IU Cc: Ms. T Keey Tina’s Hair Salon 54 The High Street Basingstoke RG22 5KJ 08.11.2007 Dear Mr. Partton R.e. Why use accounts? Accounts are statements that give you the financial information about your business i.e. what money comes and goes out of your business (inflow & outflow). They show,
Rating:Essay Length: 404 Words / 2 PagesSubmitted: December 25, 2009 -
Bank Accounting Information System and Electronic Banking
Introduction Information technology has had as much impact on our society as the industrial revolution. In the information age, companies are finding that success or failure is increasingly dependent on their management and use of information. Therefore, companies need a good information system that enabled an efficient and effective use of information to give them more competitive advantage (Moscove, Simkin, & Bagranoff, 1999). An information system is a set of interrelated subsystems that work together
Rating:Essay Length: 799 Words / 4 PagesSubmitted: December 26, 2009 -
Cost Accounting Standards Board
The importance of cost accounting plays a major role in our society, setting retail prices for merchandise and goods used by the consumer. Billions of dollars are spent each year on goods and services that the average consumer may rely heavily upon, so it is only in good moral standing to regulate and restrict the amount paid for such materials. In many countries including the United States the levels of income very from person
Rating:Essay Length: 1,311 Words / 6 PagesSubmitted: December 27, 2009 -
Accounting Overview
Our modern economy requires successful business owners to understand the relationship between economics and accounting and finance. According to Block & Hirt (2005), the study of economics provides a structure of decision making in the areas of risk analysis, pricing theory through relationships in supply and demand, comparative return analysis, and many other more important economic forces. Business owners and financial managers must understand the institutional structure of the Federal Reserve System, the commercial banking
Rating:Essay Length: 302 Words / 2 PagesSubmitted: December 27, 2009 -
Discuss and Account for one of the Berlin Crises Which Erupted During the Cold War
Discuss and account for one of the Berlin crises which erupted during the Cold War. In this essay I will look at the Berlin Blockade of 1948. This was the first of two Berlin crisis's and has often been cited as the starting point of the cold war. The cold war has often been described as a clash of beliefs, between that of capitalist beliefs and that of communist beliefs. In 1948 Stalin ordered a
Rating:Essay Length: 2,149 Words / 9 PagesSubmitted: December 28, 2009 -
Psychology or Accounting?
Psychology or Accounting Choosing a career is one of the most important decisions a person has to make in their life. It is so important because that is what people will have to do to support their selves throughout life. For the past ten years psychology and accounting were two of the top ten potential career choices. According to the U.S. Department of Education, National Center for Education Statistics up to 70,000 bachelor’s degrees
Rating:Essay Length: 798 Words / 4 PagesSubmitted: December 28, 2009 -
Ethics in Accounting
Ethics in Accounting John Doe FIN 324 Ohio State University John Doe July 10, 2004 Ethics in Accounting Ethics are not merely something, which is comprised of a person’s belief or thoughts, but that of what is best for an organization or company. Ethical decisions in business are handled everyday, and most organizations have some sort of established code of conduct to help guide management to make the correct decision. Ethical decisions are not always
Rating:Essay Length: 694 Words / 3 PagesSubmitted: December 28, 2009 -
Determining Account Balances
Once transactions have been analyzed and recorded in a journal, it is necessary to classify and group all similar items. This is accomplished by the bookkeeping procedure of posting all the journal entries to appropriate accounts. As indicated earlier, accounts are records of like items. They show transaction dates, increases and decreases, and balances. For example, all increases and decreases in cash arising from transactions recorded in the journal are accumulated in one account called
Rating:Essay Length: 271 Words / 2 PagesSubmitted: December 28, 2009 -
Accounting
Accounting is a career that offers many job opportunities and advancements, and a little hard work will inevitably lead to happiness and success. Accountants have different duties depending on the size and nature of the company where they are employed. Usually accountants prepare and analyze financial reports that polish up-to-date information for government agencies, businesses, and other organizations. The data accountants provide information that influences nearly every business and government decision. This is important because
Rating:Essay Length: 714 Words / 3 PagesSubmitted: December 28, 2009 -
Long-Term Asset Impairment
In March of 1995 the Financial Accounting Standards Board issued Statement No. 121 “Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of”. The statement established accounting standards for the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets to be held and used. The statement also established accounting standards for the disposal of long-lived assets and certain identifiable intangibles. (fasb.org/stsum121) However, shortly after Statement 121
Rating:Essay Length: 2,210 Words / 9 PagesSubmitted: December 29, 2009 -
International Accounting Standards Board
International Accounting Standards Board Dawn Becker University of Phoenix- ACC440 Mike Raponi September 5, 2005 International Accounting Standards Board History "The International Accounting Standards Board (IASB) was preceded by the Board of the International Accounting Standards Committee (IASC), which operated from 1973 until 2001." http://www.lasb.org/about/history.asp . The International Accounting Standards Board (IASB) was founded on April 1, 2001. Its role is to encourage companies nationwide, that are doing business with the United States, to adopt
Rating:Essay Length: 623 Words / 3 PagesSubmitted: December 29, 2009 -
Tax Law and Accounting Papaer
Tax Law and Accounting ACC/483 Income Tax Accounting Joshua Montgomery 5/19/2008 Tax Law and Accounting Paper There has been some wide controversy within the accounting field between tax law and accounting under the General Accepted Accounting principles, GAAP. The Internal Revenue Service tax code does not always agree with the regulations published by the GAAP. The IRS has published some of its own statutes that govern tax accounting and laws. When studying tax law and
Rating:Essay Length: 1,377 Words / 6 PagesSubmitted: December 29, 2009 -
Accounting Theory
Abstract The case study: Cool Waters Year in Review 2008 is a comprehensive case study of an actual firm that is currently operating in Trinidad and Tobago. The Cool Waters case touches aspects of both financial and managerial accounting at an advanced level, as well as decision-making at an advanced managerial level. Although it is predominantly fictional, it is based on a number of actual events that took place within the local firm. The case
Rating:Essay Length: 2,290 Words / 10 PagesSubmitted: December 29, 2009 -
Accounting Principles and Ethics
Accounting Principles and Ethics A health care organization is believed to be a place where there is care, organization, consistency, and support; a place where patients need to feel and see the unity and harmony within the organization. Health care organizations necessitate this consistency, unity, and organization within because of its dependency on its’ patients and to provide the proper care for such a diverse group of individuals. A health care organization also needs consistency
Rating:Essay Length: 516 Words / 3 PagesSubmitted: December 29, 2009