Accounting Essays and Term Papers
368 Essays on Accounting. Documents 176 - 200
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Views of Business Ethics & Managerial Accountability
Views of Business Ethics & Managerial Accountability What is the fundamental purpose of a company? Different people have different answers. Some argue that a company should maximize its returns for its shareholders; while others disagree, saying that company should take the interests of employees and customers into consideration. Meanwhile, most people involved in business—whether functioning as a small business owner, employee, or chief executive officer of a multinational company—eventually face ethical or moral dilemmas in
Rating:Essay Length: 761 Words / 4 PagesSubmitted: February 10, 2010 -
Intermediate Accounting Paper
Intermediate Accounting Paper The Financial Accounting Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. It was created in 1973, replacing the Accounting Principles Board and the Committee on Accounting Procedure of the American
Rating:Essay Length: 1,178 Words / 5 PagesSubmitted: February 12, 2010 -
Tax Law and Accounting
Tax Law and Accounting In today’s society income taxes are something in which almost everyone is familiar. However, the tax law and general purpose of income taxes is something in which the general society gives little thought. In addition, few tax preparers are aware that differences exist between the Generally Accepted Accounting Principles (GAAP) and tax accounting, not to mention the ramifications of avoiding or evading to proper complete the reporting of income taxes. This
Rating:Essay Length: 1,399 Words / 6 PagesSubmitted: February 12, 2010 -
Security and Accountability
Security and accountability is vary important especially in an arms room. Without security the world would be a lot more dangers place. There would be a lot more theft and even more killings. With out security there would be no protection from kidnappings and anyone could get a gun since there is not security to make sure that they are allowed to have it. The army has many Regulations and Pamphlets that cover this topic.
Rating:Essay Length: 1,541 Words / 7 PagesSubmitted: February 13, 2010 -
Accounting Review
Overview of Accounting Paper MBA/503 Introduction to Finance and Accounting Accounting and finance are topics we tend to leave to the “professionals”. They are daunting and elusive terms to the small business owner and they might even conjure up a little fear. Today we can change all that, it is important to know every facet of your business to achieve success. We will begin to explore the financial world of business and learn how to
Rating:Essay Length: 1,102 Words / 5 PagesSubmitted: February 14, 2010 -
Eaquity Theories of Accounting
Following is an income statement calculated based on the different equity theories of accounting. Entity Theory Proprietary Theory Orthodox Unorthodox Residual Equity Theory Revenues $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 Less: Operating Expenses Cost of goods sold $400,000 $400,000 $400,000 $400,000 Depreciation $100,000 $100,000 $100,000 $100,000 Salaries and Wages $200,000 $200,000 $200,000 $200,000 Operating Income $ 30,000 $300,000 $300,000 $300,000 Less Bond Interest $80,000 $80,000 $80,000 Dividend on Preferred Stock $30,000 $30,000 Dividend
Rating:Essay Length: 266 Words / 2 PagesSubmitted: February 14, 2010 -
Financial and Managerial Accounting
Financial and Managerial Accounting According to the Illinois State Board of Education financial accounting is “the recording and reporting of activities and events affecting the money of an administrative unit and its program. Specifically, it is concerned (1) with determining what accounting records are to be maintained, how they will be maintained, and the procedures, methods, and forms to be used; (2) with recording, classifying, and summarizing activities or events; (3) with analyzing and interpreting
Rating:Essay Length: 1,376 Words / 6 PagesSubmitted: February 15, 2010 -
The History of Accounting
The History of Accounting Business 100 Sherika R. Smith For thousands of years, people have been coming up with ways to advance the accounting concept. Many have tried to develop their own way of measuring accounting. Though it has come along way, I will discuss some of the events that paved the way for accounting history from the past to the present day. First, I will discuss how the first accounting records came about and
Rating:Essay Length: 978 Words / 4 PagesSubmitted: February 16, 2010 -
Accounting Fixed and Variable Costs
Fixed and Variable Costs Item: Raw Materials (cost for hamburgers) Total Annual Cost: 650 Item: Building Rent Total Annual Cost: 9000 Identify which cost item above is fixed and variable and why? What is the cost per unit of each? Suppose we increased our sales volume to 6000 units and then to 8000 units the following year (and are still within the relevant range), what would be the total annual cost and unit cost of
Rating:Essay Length: 418 Words / 2 PagesSubmitted: February 18, 2010 -
Choose a Current International Accounting Standard (ias) or International Financial Reporting Standard (ifrs).Briefly Summarise Its Provisions and Assess Whether the Standard Can Be Considered to Be Principles-Based or Rules-Based
Introduction There are mainly two accounting standards: principle-based and rule-based in the accounting system. This paperwork will chose one regulation in International Accounting Standard, which is covered the regulations on inventory. After the brief summary of IAS 2, there will be a discuss about the IAS 2’s characteristics. Summary of IAS 2 In summary, the objective of IAS 2 is to prescribe the accounting treatment for inventories. It provides guidance not only for determining the
Rating:Essay Length: 1,108 Words / 5 PagesSubmitted: February 18, 2010 -
Advantages and Disadvantages of Historical Cost Accounting, Alternatives to Historical Cost Accounting
Advantages and disadvantages of historical cost accounting, alternatives to historical cost accounting 2.1 Introduction Accounting concepts and conventions as used in accountancy are the rules and guidelines by which the accountant lives. The historical cost accounting convention is an accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition. The historical cost accounting is the situation in which accountants record revenue, expenditure
Rating:Essay Length: 1,230 Words / 5 PagesSubmitted: February 18, 2010 -
Gender Differences in Eyewitness Accounts
Gender Differences in Eyewitness Accounts RUNNING HEAD: GENDER DIFFERENCES Abstract In this study, we examined differences between males and females in the accuracy of their eyewitness accounts. The effects of gender will be explored. Thirty-seven college age students from Southern Connecticut State University were involved in eye witnessing an act of stealing by two perpetrators. The eyewitnesses were then asked to describe the characteristics of the perpetrators in two questionnaires. It was hypothesized that
Rating:Essay Length: 1,759 Words / 8 PagesSubmitted: February 19, 2010 -
Accounting for Income Taxes
According to Accounting Theory: Contemporary Accounting Issues by Evans, accountants have developed two alternative approaches to accounting for income taxes, which are the cash method and the allocation method. The cash method is described as a simple and direct approach. The amount of income taxes actually paid for the year is reported on the Income Statement. The amount comes from the firm’s income tax return and fit is not adjusted in any way. Therefore, the
Rating:Essay Length: 1,244 Words / 5 PagesSubmitted: February 19, 2010 -
Independent Reading Accountability on Pirates!
IRA 1. The Pirates! In an Adventure with Scientists. Gideon Defoe. Published in 2004. 2. The Pirate Capitan bears no other name than that. He his said to be one of the most feared pirates on the sea but also has a sentimental side that shows in amazing moments of glory. He is loved by his crew and loves them equally back. The biggest fear that haunts the Pirate Capitan is losing his famous and
Rating:Essay Length: 596 Words / 3 PagesSubmitted: February 22, 2010 -
Overview of Accounting
Running head: Overview of Accounting Overview of Accounting Kristie Richards MBA 503 University of Phoenix September 10, 2007 Overview of Accounting In the following informational presentation I will be explaining the differences of financial reports. I will also explain how ethical business decision making is used in financial reporting. Financial Statements Accountants, shareholders, stock brokers, financial managers, and CEO’s, to name a few use several financial statements to relate to how well a company is
Rating:Essay Length: 1,129 Words / 5 PagesSubmitted: February 24, 2010 -
Accountancy
Financial statements (or financial reports) are formal records of a business' financial activities. These statements provide an overview of a business' profitability and financial condition in both short and long term. There are four basic financial statements:[1] 1. Balance sheet: also referred to as statement of financial condition, reports on a company's assets, liabilities and net equity as of a given point in time. 2. Income statement: also referred to as Profit or loss statement,
Rating:Essay Length: 1,508 Words / 7 PagesSubmitted: February 24, 2010 -
Managerial Accounting Test
TEST QUESTIONS: Questions 1-3 refer to the following: The following selected data for March were taken from Rubenstein Company's financial statements: Cost of goods available for sale Manufacturing overhead Cost of goods manufactured Finished goods inventory ‑ ending Direct materials used Sales Selling and administrative expenses Direct labor Work in process inventory ‑ beginning $ 65,000 20,000 51,000 10,000 15,000 105,000 30,000 20,000 0 1. The gross margin was: 1. $55,000. 2. $54,000. 3. $50,000.
Rating:Essay Length: 3,124 Words / 13 PagesSubmitted: February 26, 2010 -
Business Source Elite - Confronting Academic Dishonesty in the Accounting Classroom: A Cultural Experience?
Business Source Elite: Confronting Academic Dishonesty in the Accounting Classroom: A Cultural Experience? Brad Kerr Bus 170 Feb. 14/06 During a masters program accounting class, the professor noticed a recent Asian immigrant attempting to cheat on the exam by leaning over and asking a student what she had for a certain question. He couldn’t believe it, and nobody else seemed to notice it, as well, who would cheat in a masters accounting class. The
Rating:Essay Length: 435 Words / 2 PagesSubmitted: February 27, 2010 -
Overview of Accounting Paper
Overview of Accounting Paper 3/3/08 University of Phoenix Overview of Accounting Paper Accounting is sometimes said to be the language of finance because it provides financial data through income statements, balance sheets, and the statement of cash flows (Block & Hirt, 2005). The purpose of this paper is to provide basic information on accounting and finance to the small business owner. By providing the small business owner with the basics of finance and accounting, enables
Rating:Essay Length: 1,088 Words / 5 PagesSubmitted: February 28, 2010 -
Accounting Standards
CAFR Budget Analysis (Town of Manchester Connecticut) Manchester, Connecticut USA, a thriving small city in the growing eastern section of the Hartford region. The town is located in central Connecticut and is approximately 10 miles east of the City of Hartford, the State Capital. The towns of East Hartford, South Windsor, Vernon, Bolton and Glastonbury border the town. It is approximately 85 miles southwest of Boston and 115 miles northeast of New York City. The
Rating:Essay Length: 283 Words / 2 PagesSubmitted: February 28, 2010 -
Marketing Accounting
In this paper I will be discussing the link between marketing and accounting as I am a marketing/accounting major. There are many connections between the accounting business and marketing. The marketing business is something that should not be overseen and many times is more helpful and detrimental to a business. It is absolutely true that all businesses, including professional service firms, need to distinguish themselves in their marketplace. This is accomplished by creating a compelling
Rating:Essay Length: 1,525 Words / 7 PagesSubmitted: March 1, 2010 -
Accounting and Globalization
INTRODUCTION As today’s companies become more globally oriented and expand into multinational corporations, there is a growing need to compress financial regulations into a homogeneous unit. To achieve this homogeneity, accounting practices in the modern economic market must strive for a symbiotic relationship with globalization. Because consumer capitalism has spread to non-originating countries, and non-Americanized cultures, the practices of accounting and financial management must standardize their policies. Thus, accounting must be regarded beyond capital market
Rating:Essay Length: 618 Words / 3 PagesSubmitted: March 1, 2010 -
Contrary to Its Promises of Integration, Inclusion and Prosperity.Globalization Creates Marginalization, Exclusion and a Reinforcement of Inequality How Would You Account for This Apparent Contradiction.
Contrary to its promises of integration, inclusion and prosperity.Globalization creates marginalization, exclusion and a reinforcement of inequality how would you account for this apparent contradiction. Globalization was imposed on the world with a promise of integration, inclusion and prosperity but instead we are faced with rampant inequality, exclusion and marginalization at a scale that we have never seen before. It is said that not only has the quest for integration, prosperity and inclusion for the
Rating:Essay Length: 1,565 Words / 7 PagesSubmitted: March 1, 2010 -
Accounting-Ias
Inventories (IAS 2) 1 PROBLEMS ADDRESSED The objective of IAS 2 is to prescribe the accounting treatment of inventories. This Standard deals with calculation of the cost of inventory recognized as an asset, the determination of cost, the recognition of inventories as an expense, and any write-downs to net realizable value. September 1974 Exposure Draft E2 Valuation and Presentation of Inventories in the Context of the Historical Cost System October 19 IAS 2, Valuation and
Rating:Essay Length: 2,338 Words / 10 PagesSubmitted: March 3, 2010 -
Accounting
Accounting The nature of work of accountants and auditors is to prepare, analyze, and verify financial reports and taxes, and monitor information systems that furnish this information to managers in business, industry, and government. The major fields of accounting are Public accountants who have their own business or work for public accounting firms. They perform a large range of responsibilities such as doing taxes, numerous accounting and auditing, consulting activities for their clients, who may
Rating:Essay Length: 1,956 Words / 8 PagesSubmitted: March 3, 2010