Accounting Assets Essays and Term Papers
392 Essays on Accounting Assets. Documents 126 - 150
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Accounting and Auditing Processes
Justin Denman Accounting and Auditing Processes March 4, 2000 Writing Assignment #1 Revenue Recognition Policies The purpose of this paper is to compare the revenue recognition policies of two companies in the search, detection, navigation, guidance, and aeronautical systems industry. The two companies I have selected are Aerosonic Corporation, and Esco Electronics Company. Esco Electronics Company is engaged in the design, manufacture, sale and support of engineered products. These products are used principally in filteration/fluid
Rating:Essay Length: 896 Words / 4 PagesSubmitted: December 30, 2009 -
Why Are Ethics Important in the Accounting Profession?
Why Are Ethics Important In The Accounting Profession? Sheree Fletcher CE CAPSTONE COURSE FOR THE ASSOCIATES DEGREE IDS399 September 10, 2006 What does ethics have to do with accounting? Everything, since there have been some recent financial accounting scandals; a few examples being Xerox, WorldCom, Enron, which have generated much unwanted and unfavorable publicity for CPA’s, including those working as controllers or chief financial officers for organizations. When you hear the word “ethics,” what
Rating:Essay Length: 1,384 Words / 6 PagesSubmitted: December 30, 2009 -
Accounting
Accounting is a career that offers many job opportunities and advancements, and a little hard work will inevitably lead to happiness and success. Accountants have different duties depending on the size and nature of the company where they are employed. Usually accountants prepare and analyze financial reports that polish up-to-date information for government agencies, businesses, and other organizations. The data accountants provide information that influences nearly every business and government decision. This is important because
Rating:Essay Length: 783 Words / 4 PagesSubmitted: December 30, 2009 -
Accounting Case Study on General Mills
Accounting Case Study on General Mills General Mills, Inc. Financial Accounting Case Study Module 1: A. General Mills Consolidated Statements of Earnings: 1. The recorded sale amount of almost $8 billion is not the actual amount of cash collected. The amount of $8 billion includes cash and credit sales. 2. Sales increased each year from 2000 to 2002. The difference between the year 2000 and 2001 was a 5.35% increase (5,450-5,173/5,173 = .0535). The difference
Rating:Essay Length: 1,405 Words / 6 PagesSubmitted: December 31, 2009 -
Ethics - Fasb - Accounting - Ethical and Legal Obligations Paper
Week Two - Ethical and Legal Obligations Paper Ethical standards have had vast changes over the years. Michael Josephson, in Chapter 1 of Ethical Issues in the Practice of Accounting, 1992, described the "Ten Universal Values." They were as follows: honesty, integrity, promise-keeping, fidelity, fairness, caring, respect for others, responsible citizenship, pursuit of excellence, and accountability. Good ethics does not always mean good business practices. The purpose of ethics in business is to direct business
Rating:Essay Length: 1,250 Words / 5 PagesSubmitted: December 31, 2009 -
The Accountant: An Analysis of Negotiation
The Accountant: An Analysis of Negotiation “Can one man, one hard drinking, chain smoking, backwoods accountant, stop a national conspiracy, change the course of history, and save a way of life? It's do-able... but it ain't gonna be purdy.” The tagline for the 38 minute 2001 Oscar winner for Best Live Action Short Film, The Accountant, helps illustrate two men sharing a common goal, saving the farm to preserve a way of life. The Accountant
Rating:Essay Length: 1,941 Words / 8 PagesSubmitted: January 1, 2010 -
Bp Accounting Ratios
A company?s financial statements and ratios are good indicators of its performance over the years. This report specifically compares the ratios for 2004 and 2005, with some additional insight into 2003, 2002, and 2001. The current ratio has increased by 0.0534 from 0.9900 to 1.434. As the current ratio is a measure of liquidity and ability to meet short-term debt requirements, BP was more able to meet their short term debt obligations in 2005 than
Rating:Essay Length: 324 Words / 2 PagesSubmitted: January 2, 2010 -
Capital Account Convertibility in India
INTRODUCTION The objective of this paper is to discuss the highly intensified debate on the issue of Capital Account Convertibility (CAC) in India. There is no formal definition of Capital Account convertibility but the Tarapore committee set up in February 1997 gave a pragmatic working definition of CAC as “CAC refers to the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. It is associated
Rating:Essay Length: 1,426 Words / 6 PagesSubmitted: January 2, 2010 -
Public Company Accounting Oversight Board; Will It Protect Investors?
Public Company Accounting Oversight Board; Will it Protect Investors? The Public Company Accounting Oversight Board (PCAOB) was created by Sarbanes-Oxley Act of 2002. This board was created to oversee the audit of public companies, subject to the securities laws, in order to protect the interests of investors (15 USC 7201, 2002). It was created in wake of the recent financial scandals of Enron, WorldCom, and Global Crossing to name a few. This “Act” established by
Rating:Essay Length: 726 Words / 3 PagesSubmitted: January 2, 2010 -
An Accounting Problem
The annuities department was faced with an accounting problem. The current accounting system would be obsolete in a few years and our business customers are currently experiencing resource issues when problems arise and support for this system is required. Since financial reporting is a complex process, convoluted action was required to resolve this problem. The annuity technology group, along with the annuity business group came up with three possible solutions and conducted a high level
Rating:Essay Length: 1,241 Words / 5 PagesSubmitted: January 3, 2010 -
Tax Law & Accounting Paper
Tax Law and Accounting Sue Abraham University of Phoenix Tax Law and Accounting The word “tax” did not become a household name until the late 1800’s when congress created the nation’s first income tax law. Prior to this law the government used tariff’s and imported goods to help support the economy. However, in order to bring in more revenue to help cover the costs of the civil war the government had to make necessary
Rating:Essay Length: 895 Words / 4 PagesSubmitted: January 3, 2010 -
Accounting Regulatory Bodies
Accounting is extremely important when it comes to the success of organizations. Organizations can only be successful if there are investors willing to invest into that organization and accurate accounting allows investors to get a good financial picture of the organization that is being looked at. There are several different accounting regulatory bodies and each one of them is very important when it comes to accounting and the effects that accounting has on organizations. The
Rating:Essay Length: 456 Words / 2 PagesSubmitted: January 5, 2010 -
The Objective of Accounting
The objective of accounting is to provide decision-makers with accurate and useful information for making business decisions. Good accounting information leads to better decisions, which lead to improved profitability (or greater services, in the case of not-for-profits). Accountants have realized that the information needs of external decision makers (such as stockholders, creditors, potential investors, government, labor unions, etc.) are different from those internal decision-makers (such as managers of the company). Accordingly, field of accounting has
Rating:Essay Length: 283 Words / 2 PagesSubmitted: January 5, 2010 -
Effects of Technology on the Accounting Profession
Effects Of technology On the Accounting Profession The accounting profession has experienced many different changes and as well as a tremendous amount of growth over the past century. (Schaefer, 1998) It's unfortunate that due to unethical accounting practices there has been an increased need for advanced technology of accounting systems in order to better monitor what is going on with organizations. The need for real time reports and financial information at the click of a
Rating:Essay Length: 689 Words / 3 PagesSubmitted: January 5, 2010 -
Governmental Accounting
After reviewing the different characteristics of both cities, it is clear to say that the city of Huntsville and the city of Bellaire are vastly different communities. Huntsville is a city of its own and relies solely on its own businesses. Most of the residents in Huntsville are employed at the Texas Department of Criminal Justice (TDCJ) system or Sam Houston State University (CAFR). Comparatively, Bellaire is mainly a residential community and most of
Rating:Essay Length: 598 Words / 3 PagesSubmitted: January 8, 2010 -
Accounting
AC505- MANAGERIAL ACCOUNTING WORKSHEETS COST OF GOODS MANUFACTURED SCHEDULE Direct Materials: Raw Materials Inventory _______ Add: Purchases of raw materials _______ Raw Materials Available for Use _______ Deduct: Raw Materials Inventory _______ Raw Materials ________ Direct Labor ________ Manufacturing Overhead: Rent on Facilities ________ Insurance ________ Indirect Labor ________ Utilities ________ Maintenance, factory ________ Depreciation, factory ________ Total Overhead Costs ________ Total Manufacturing Costs ________ Work in process inventory ________ Deduct: Work in process inventory
Rating:Essay Length: 369 Words / 2 PagesSubmitted: January 8, 2010 -
Accounting and Ethics
In a world where meeting the bottom line has become so important, the relevance of ethics has diminished and has taken a back seat in the business world especially in the accounting practice. This is evidenced by the numerous corporate accounting scandals in the recent years. Amidst these scandals, it is ever more important to place more emphasis on ethics in conducting business. Ethics is important as it binds company and its constituents to
Rating:Essay Length: 256 Words / 2 PagesSubmitted: January 9, 2010 -
Accounting
Service description We are providing tutoring service in accounting courses that range from basic to advanced level courses. These services will be provided to students who need assistance in problem areas of their specific accounting courses. The students will benefit from these services because the sessions will allow them to grasp and understand the accounting material more efficiently. Our tutoring services are better than most services offered because of our one-on-one sessions. The customer and
Rating:Essay Length: 560 Words / 3 PagesSubmitted: January 10, 2010 -
Implications of Freud’s Unconscious for Freedom and Accountability
Sigmund Freud, a strict determinist who is said to be one of the fathers of psychology, had the belief that everyday occurrences are explainable on the basis of prior causes. This theory led him to begin conducting psychoanalytic studies using hypnosis and the decoding of dreams. Psychoanalysis is based on the fact that all humans have hidden drives, impulses, and internal conflicts that influence our everyday decisions. By conducting these studies, Freud discovered that we
Rating:Essay Length: 1,242 Words / 5 PagesSubmitted: January 10, 2010 -
Nature Accounts for Behavioral Differences Between Males and Females
Men and women behave in completely different ways. Men are often scrutinized for being too aggressive, violent and only wanting sex. Women, on the other hand, are often criticized for being too bossy, fussy and only wanting commitment in a relationship. The differences in the way males and females behave can be accounted for through both nature and nurture aspects. In regard to behavior, men and women are expected to play standard roles in life.
Rating:Essay Length: 516 Words / 3 PagesSubmitted: January 11, 2010 -
Comparison of Financial and Management Accounting
Comparison of financial and management accounting There are two broad types of accounting information: • Financial Accounts: geared toward external users of accounting information • Management Accounts: aimed more at internal users of accounting information Although there is a difference in the type of information presented in financial and management accounts, the underlying objective is the same - to satisfy the information needs of the user. Financial Accounts Management Accounts Financial accounts describe the performance
Rating:Essay Length: 424 Words / 2 PagesSubmitted: January 11, 2010 -
Accountability
I believe that parent accountability laws have a minimal effect on the rate of juvenile deviance. I say that because the parent accountability laws have nothing that really depends on the way that a juvenile behaves. The parent accountability laws are laws that protect the juvenile's safety and care. Certain parent accountability laws are to make sure the juvenile has a place to sleep, and also is receiving food to eat. Who or where the
Rating:Essay Length: 439 Words / 2 PagesSubmitted: January 12, 2010 -
Account Sheet for the Month of November
Account Sheet for the Month of November Date Transaction Transaction Amount Closing Credit Balance No of days Closing credit No. of days Debit Credit 1-Nov Opening Balance $600 4.00 $2,400 5-Nov Purchases Made $80 $680 5.00 $3,400 10-Nov Payments made $200 $480 5.00 $2,400 15-Nov Purchases Made $100 $580 15.00 $8,700 30-Nov Purchases Made $50 $630 1.00 $630 Closing Balance $630 Total 30.00 $17,530 Average daily Balance $584.33 APR 16% Interest Based on Average Daily
Rating:Essay Length: 376 Words / 2 PagesSubmitted: January 13, 2010 -
Accounting
I - A. “ Representational faithfulness is accomplished when transactions and events affecting the entity are presented in financial statements in a manner that is in agreement with the actual underlying transactions and events” (CICA, Financial statement Concepts 1000.21 (a), 2003). It means that all of information in the financial statement such as numbers and descriptions must be factual. The independent auditors checked the computer ID tags on each piece of equipment to confirm the
Rating:Essay Length: 1,034 Words / 5 PagesSubmitted: January 13, 2010 -
Disclosure and Accounting Practices in the Municipal Securities Market
Disclosure and Accounting Practices in the Municipal Securities Market Introduction Many critically important aspects of American life, from airports to sewers and schools to hospitals, depend on the municipal securities market for financing. All bonds, notes and other debt securities issued by states and local governments and their respective agencies and instrumentalities are “municipal securities.” They are issued by such government entities to pay for a variety of public projects, cash flow and other governmental
Rating:Essay Length: 3,430 Words / 14 PagesSubmitted: January 15, 2010