Financial Accounting Overview Essays and Term Papers
870 Essays on Financial Accounting Overview. Documents 701 - 725
-
Financial Ratios
To: James Plastow From: Nerveen Said CC: Date: 05/01/2008 Re: Week 3 assignment Riordan Manufacturing: a- Current ratio: The current ratio formula is: Current assets / Current liabilities. According to Invetopedia.com “it measures the company’s ability to pay short term obligations.” The acceptable current ration for most industrial companies is 1.5. - The current ratio for Riordan Manufacturing (2005)= 14,555,092 / 6,974,094 = 2.1 b- Debt ratio: The debt ratio formula is: (Total debt /
Rating:Essay Length: 428 Words / 2 PagesSubmitted: June 11, 2010 -
Project Plan Overview Paper
Introduction Projects are used today as a way of achieving a variety of outcomes in local or international locations for new constructions, new product development, product improvement, process design, process improvement, utility installation, theory and technology development, and many more. Bringing a project to a successful conclusion requires the integration of numerous management functions like controlling, directing, team building, communication and others. It also requires cost and schedule management, technical and risk management, conflict and
Rating:Essay Length: 570 Words / 3 PagesSubmitted: June 12, 2010 -
Fair Value Accounting
CONTENTS 1. INTRODUCTION..............................................................................................................................52. BACKGROUND................................................................................................................................53. THE FAIR VALUE MODEL...............................................................................................................83.1 DEFINITION ...............................................................................................................................83.2 ARGUMENTS IN FAVOUR OF FULL FAIR VALUE ...................................................................93.3 CRITICISMS OF THE FAIR VALUE MODEL............................................................................103.3.1 Relevance of fair value for banks' accounting practices ..............................................113.3.2 Reliability of fair value .....................................................................................................113.3.3 Comparability of financial information ...........................................................................123.3.4 Impact on the stability of the system..............................................................................134. APPLICATION OF THE FAIR VALUE MODEL .............................................................................134.1 GENERAL POINTS ..................................................................................................................134.2 APPLICATION OF FAIR VALUE TO FINANCIAL INSTRUMENTS ..........................................144.2.1 Instruments with an active market..........................................................................................154.2.2 Financial instruments
Rating:Essay Length: 1,331 Words / 6 PagesSubmitted: June 12, 2010 -
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: June 13, 2010 -
Financial Forecasting
Financial forecasting is a very important activity in a company. It can determine the success or failure of the company. In performing the financial forecast, the company must analyze and interpret its market and its projected sales to arrive at a forecast. This can be either a very simple process or a very complex one depending on the company, its market and its level of desired detail (Gallagher and Andrew, 2003). In deriving a financial
Rating:Essay Length: 605 Words / 3 PagesSubmitted: June 13, 2010 -
Financial Implications of Obesity
The increase in the prevalence of obesity in the U.S. has given way to various studies investigating the cost of obesity and related diseases on the general population of individuals, the labor market, and both private and public healthcare costs. Many of these studies focus on using BMI as the index of measurement. Generally speaking a healthy or desirable BMI has a range from 18.9-24.9, an overweight BMI is from 25.0-29.9, and a BMI
Rating:Essay Length: 1,427 Words / 6 PagesSubmitted: June 14, 2010 -
Accounting Ethics
When examining the effect of open marketing on the profession of accounting it is important to view it from three perspectives: the client's, the profession's, and society's. Additionally, two key areas that are affected by marketing must be addressed, these are concerning competition, and ethical implications. Marketing in public accounting is here to stay therefore making an argument against its existence would be fruitless; however, in order to achieve maximum benefit to the firm, the
Rating:Essay Length: 1,865 Words / 8 PagesSubmitted: June 17, 2010 -
An Overview of Immanuel Kant
The exploration into Immanuel Kant's thought is one of, insight, perception, and open-mindedness. His work in the field of philosophy and intellectual development spanned over thirty-five years. He wrote on virtually all philosophical topics but his love was in the branch of metaphysics. His role in the evolvement of modern thought is vast and profound. Immanuel Kant was born, lived, and died in Konigsberg, East Prussia. Although he never left East Prussia, he is one
Rating:Essay Length: 2,040 Words / 9 PagesSubmitted: July 28, 2010 -
Gap Strategic Overview
Strategy exercise 1. Three corporate directional strategies for the Gap: 1) Concentration - Horizontal Growth - Joint Venture - Pros: - Reduction in cost of international trade by operating in foreign markets - Increased market power - Higher survival rate by broadening product lines - Reduce possible niches competitors may enter by continually adding additional sizes and multiple variations to existing product lines - Introduces successful products from one part of the world to other
Rating:Essay Length: 648 Words / 3 PagesSubmitted: August 15, 2010 -
Accounting
EX 19-2 a. Cost of goods sold: Sales $7,000 Less gross profit 265,000 Cost of goods sold $510,000 b. Direct materials cost: Materials purchased $303,000 Less: Indirect materials $ 32,000 Materials inventory 35,000 67,000 Direct materials cost $236,000 c. Direct labor cost: Total manufacturing costs for the period $620,000 Less: Direct materials cost $236,000 Factory overhead 112,500 348,500 Direct labor cost $271,500 EX 19-10 Predetermined overhead rate 1,400,000/30,625 = $45.71 per labor hour EX 19-14
Rating:Essay Length: 1,562 Words / 7 PagesSubmitted: February 8, 2011 -
Comparative Overview of Indo-Pak Societies
EVEN after the establishment of Pakistan scores of political and non-political figures, including the Indian premier Jawahar Lal Nehru, had been issuing "dead lines" as per their mean aspirations about national continuance. The latest addition to this series is by the American-origin scholar Mr Cohen, who has declared the next 5-6 years to be critical to Pakistan's national existence. Against this backdrop, a range of coteries emanating various shades of opinion are intensively debating the
Rating:Essay Length: 993 Words / 4 PagesSubmitted: March 9, 2011 -
Regulation – How Does It Affect Is in Financial Services Sector
History provides us with plenty of lessons on the efforts of the failure of financial instuitions, of consumer ignorance being exploited through the sale of inappropriate securities, pension plans, and mortgages. Arguably, regulation has been essential today, given the increasingly transnational nature of financial markets. Another factor is the growth of large multinational organizations, now possibly more powerful than some nations. They pose particular risk and regulatory problems because they can both create and manage
Rating:Essay Length: 1,445 Words / 6 PagesSubmitted: April 18, 2011 -
Accounting
Appendix B Profitability Analysis Solutions to Questions B-1 Absolute profitability measures the impact on overall profits of adding or dropping a particular segment, such as a product or customer, without making any other changes. B-2 Relative profitability involves ranking segments, each of which may be absolutely profitable, for the purpose of making trade-offs among the segments. Such trade-offs are necessary when a constraint exists. Otherwise, they are not necessary. B-3 Every business that seeks to
Rating:Essay Length: 403 Words / 2 PagesSubmitted: April 20, 2011 -
Comparative Financial Statement Analysis Between Nokia and Sony Ericsson
COMPARATIVE FINANCIAL STATEMENT ANALYSIS BETWEEN NOKIA AND SONY ERICSSON In this report there will be critical comparative evaluation and analysis of Nokia and Sony Ericsson; major competitors in the Telecommunication Industry. Information was collected from the company's annual report. These companies are expected to have currency and translation exposure which may result in gain or loss because they are multinational companies that have subsidiaries in different part of the world (Eiteman, et al, 2007), and
Rating:Essay Length: 2,849 Words / 12 PagesSubmitted: April 21, 2011 -
Financial Institutions
List the various types of U.S. financial institutions and the primary function of each. Financial institutions can fall into 2 major categories: 1. Banking Financial Institutions ? Commercial Banks – accepts deposits from the public and lends money in the form of loans and advances to the public, including the business community. They also give short term financial assistance such as overdraft and provide internet banking services. Other functions may include: processing payments and
Rating:Essay Length: 318 Words / 2 PagesSubmitted: April 22, 2011 -
Individual Case: Bill and Account Collectors
Individual Case: Bill and Account Collectors Human Resources Management Lea Purdy Table of Contents Job Specifications…………………………………………………………. 3 Selection System…………………………………………………………... 4 Interview Process………………………………………………………...... 5 Training Programs…………………………………………………………. 6 Performance Appraisal…………………………………………………….. 7 Appendix A: Interview Questions…………………………………………. 8 Appendix B: Performance Appraisal Form………………………………... 9 Job Specifications: The individual performing the duties of the Bill and Account Collector will have many responsibilities including, but not exclusive to the following: One must first insure that the billing is correct. From
Rating:Essay Length: 1,147 Words / 5 PagesSubmitted: April 22, 2011 -
Financial Decisions Fin 534
Assignment #1 Financial Decisions January 23, 2011 The principle of finance is money is worth more the sooner it is received. This is true as long as the money earns interest (http://www.investopedia.com/terms/t/timevalueofmoney.asp). Time value of money is the difference between money today and money in the future. The future value of one hundred dollars for example, has the potential to be worth one hundred and five dollars ($100*1.05) in one year from today assuming it
Rating:Essay Length: 713 Words / 3 PagesSubmitted: April 23, 2011 -
Accounting
Accounting view points The adoption of a particular viewpoints of accounting is a function of a range of factors including history and culture, soceital values, the nature of economic activity and the objectives of those who prepare intrepret and apply accounting information. The established objective of the accounting is the measurement and reporting of the economic activity of an entity. Then, there are significant changes to reporting by entities because of the consideration of the
Rating:Essay Length: 930 Words / 4 PagesSubmitted: April 26, 2011 -
Accounting Degree and Career Path
Most accountant and internal auditor positions require a bachelor's degree in accounting or a related field. For example, to begin an accounting or auditing position in the Federal Government, a person usually need to have 4 years of college education, in which 24 semester hours are spent on accounting or auditing, or an equivalent combination of education and experience. While many employers prefer applicants with a master's degree in accounting or a master's degree in
Rating:Essay Length: 324 Words / 2 PagesSubmitted: April 26, 2011 -
Financial Ratio Associated with Apple, Inc.
Table 3 displays the key financial ratio associated with Apple, Inc. from year 2005-2007. To summarize, revenue has steadily increased in the past three years ending in 2007 at approximately 24 million dollars. The growth rate of the company has been notable extending from 68.3% in year 2005 to 24.3% in year 2007. Though the rate is declining it is still extremely well above the industry average and the decline most likely represents the growing
Rating:Essay Length: 275 Words / 2 PagesSubmitted: April 27, 2011 -
Financial
3. G'Five Chinese brand G'Five is the third biggest mobile handset player in India, with a market share of 7.3 per cent in terms of units shipped. Founded in 2003, G'Five focuses on the international market, especially emerging markets. Its products are mainly sold in South Asia, Southeast Asia, Middle-east, Africa, and South America. G'Five has factories and assembly lines in Shenzhen, one operation centre in Hongkong, and sales teams and offices in India, Dubai,
Rating:Essay Length: 357 Words / 2 PagesSubmitted: April 28, 2011 -
McI Worldcom Accounting Scandal
WorldCom, originally Long Distance Discount Services (LDDS) was formed in 1994 with the take over of several telecommunications companies including Communications Group, Inc, and WilTel Network Services (Funding Universe, 1999). WorldCom's CEO Bernard Ebbers, who had also been LDDS's CEO since 1985 had a history of acquiring other telecommunications companies, which paid off in 1998 with the $37 billion purchase of MCI (Funding Universe, 1999). The two companies merged and became MCI WorldCom, "one
Rating:Essay Length: 1,142 Words / 5 PagesSubmitted: April 28, 2011 -
Financial Flexibility and the Choice Between Dividends and Stock Repurchases
This paper measures the growth in open market stock repurchases and the manner in which stock repurchases and dividends are used in U.S. corporations. Stock repurchases and dividends are used at different times from one another, by different kinds of firms. Stock repurchases are very pro-cyclical, while dividends increase steadily over time. Dividends are paid by firms with higher "permanent" operating cash flows, while repurchases are used by firms with higher "temporary", non-operating cash flows.
Rating:Essay Length: 565 Words / 3 PagesSubmitted: April 29, 2011 -
Audit and Accountancy
Audit management Audit management is responsible for ensuring that board-approved audit directives are implemented. Audit management oversees the internal/external audit staff, establishes audit programs, and hires and trains the appropriate audit personnel. The staff should have the necessary skills and expertise to identify inherent risks of the business and assess the overall effectiveness of controls in place relating to the company's internal controls. Internal audit is a function setup the organisation to reduce the risk
Rating:Essay Length: 4,156 Words / 17 PagesSubmitted: April 29, 2011 -
Accounting for Leases - Ias 17 Leases
Introduction IAS 17 Leases sets out the treatment for reporting lease transactions in the financial statements. Leases are a major source of finance to a business and it is important that the financial statements disclose sufficient information to the readers of the financial statements. IAS 17, paragraph 10, states, "whether a lease is a finance lease or an operating lease depends on the transaction rather than the form of contract". Substance over form Information in
Rating:Essay Length: 494 Words / 2 PagesSubmitted: April 30, 2011