Accounting Principles Free Term Papers
Last update: February 11, 2015-
Acct 310 - Memo for Accounting
ACCT310-1104B-08 Managerial Accounting Keith Smith American Intercontinental University Online Discussion Board Unit 2 I feel that expense was not evenly allocated within the two expanses. Each commercial company's retail arms are responsible for half of the cost to advertise this figure being 2.5M per. Each also should be responsible for sharing the warehousing expenses divided in half which would come to 1.5M each. I would propose as an alternative assign the expenses based on actual
Rating:Essay Length: 333 Words / 2 PagesSubmitted: November 20, 2011 -
Mgm Mirage - Accounts Receivable
MGM MIRAGE—ACCOUNTS RECEIVABLE 1. Gross casino accounts receivable. Because in Exhibit 1a, net accounts receivable are consisted of three parts of accounts receivable which includes 174,713, and one total allowance for doubtful accounts. So $174,713 is a gross number. 2. a. The total change of allowance for doubtful accounts is consisted of three parts: Writeoffs will cause debits; recoveries will cause credits; bad debts expenses will cause debits or credits. So we have the following
Rating:Essay Length: 396 Words / 2 PagesSubmitted: November 21, 2011 -
Business in Today's Economy - International Accounting Differences
INTERNATIONAL ACCOUNTING DIFFERENCES International accounting differences pose a number of problems from a financial analysis perspective: 1. In attempting to value a foreign corporation, there is a tendency to look at earnings and other financial data from a home country perspective - leads to the potential of overlooking the effects of accounting differences. 2. An awareness of international differences suggests the need to become familiar with foreign accounting principles in order to better understand earnings
Rating:Essay Length: 1,247 Words / 5 PagesSubmitted: November 25, 2011 -
Financial Analysts Need Sharper Accounting Tools - Article Review
In his article, “Financial Analysts Need Sharper Accounting Tools”, published online in June, 2011, volume 25, No.2, David Mosso, a Vice Chairman of the Financial Accounting Standard Board and also the Chairman of the Federal Accounting Standard Advisory Board discussed the implications of a wealth accounting model on comparability for several key aspects of financial analysis such as restraining, accounting manipulation, and unifying merger and acquisition accounting (p.419). The paper’s purpose was also to focus
Rating:Essay Length: 871 Words / 4 PagesSubmitted: November 25, 2011 -
Accounting Concepts
• Accounting Basics Important Disclaimer Important Note: The text in this chapter is intended to clarify business-related concepts. It is not intended nor can it replace formal legal advice. Before taking any actions relating to your business, always consult your accountant or a business law/tax attorney. The Need for Accounting Every organization needs to maintain good records to track how much money they have, where it came from, and how they spend it. These records
Rating:Essay Length: 10,105 Words / 41 PagesSubmitted: November 27, 2011 -
Practice of Accountability
This study aims to describe the practice of accountability that are understood by the stakeholders, explain the practice of accountability in several dimensions of accountability and to reconstruct accountability concept within the framework of the local culture. This study used an interpretive approach, ethnographic methods and informants of the people and Church officials. Data analysis was performed with a description, interpretation and reconstruction. Result description and meaning on the spiritual dimension was found that the
Rating:Essay Length: 319 Words / 2 PagesSubmitted: December 5, 2011 -
Limitations of National Income Accounts to Measure Standard of Living
National Income Accounting refers to the accounting records that measure the national economy’s performance while National Income looks at a country’s total income. There are various forms of national income such as Gross Domestic Product (GDP), Gross National Product (GNP), Net National Product (NNP), National Income (NI), Disposal Income (DI) and Personal Income (PI) (Stone, 2008). In order to assess how fast an economy has grown, we must have a means of measuring the value
Rating:Essay Length: 379 Words / 2 PagesSubmitted: January 5, 2012 -
Accounting Case
WEEK 13 Q1) Non-Mls valued at the cost of replacing the service potential currently embodied in them, not the cost of a new asset. Revaluations are credited to a reserve, not to the P/L. however, depreciation expense is based on re-valued amount, so if RC is rising sharply, depreciation expense increases similarly, reducing profit, lower profit= lower dividends= more chance of firm being able to replace productive assets when necessary. CCA does not set up
Rating:Essay Length: 661 Words / 3 PagesSubmitted: January 10, 2012 -
Accounting Standard
According the section 211 (3C) Accounting Standards means, Written accounting policy documents, issued or recommended by ICAI for covering the aspects of recognition, measurements, presentation & discloser of accounting transactions in the financial statements under the CA act 1949, as may be prescribed by the central government in constitution with the National Advisory Committee on Accounting Standards established under section 1st of 210(A). Standards are a source of rule and order and generate stability. In
Rating:Essay Length: 350 Words / 2 PagesSubmitted: January 21, 2012 -
Vacancy of Account Executive
Why I fit Account Executive role: • Reliable, flexible schedule to be able to meet with client if necessary, have a car to be able to transport to meet with client, responsive to email with my smart phone, hardworking, very organized and able to be task-oriented in order to make deadline, takes initiative when necessary 1.) Link mysocialcloud to Facebook, so that when someone starts using this app, people will be able to see it
Rating:Essay Length: 258 Words / 2 PagesSubmitted: February 4, 2012 -
Tax Accounting
(TCO A) A taxpayer may litigate a tax dispute without first paying the tax in the: 0 U.S. District Court . .; @ U.S. Tax Court. 0 U.S. Court of Federal Claims. 0 All of the above (TCO F) A business bad debt is deductible for tax purposes as a(n): .; @ ordinary business deduction. 0 short-term capital loss. 0 long-term capital loss. 0 miscellaneous itemized deduction. (TCO I) Under the cash method of tax
Rating:Essay Length: 252 Words / 2 PagesSubmitted: February 5, 2012 -
Accounting Case - Different Ratios
The financial ratios are important to measure the financial performance of a company and to compare the firm's position with its other competitors in same industry. The ratios can also predict the future insolvency of a company. These ratios are useful for different types of accounting information users such as, creditors, management of company, bankers, suppliers, customers, shareholders and general public as well. There are five major types of ratios such as, profitability ratios, liquidity
Rating:Essay Length: 317 Words / 2 PagesSubmitted: February 5, 2012 -
Principles of Corporate Governance
Principles of Corporate Governance • The rights of shareholders • The equitable treatment of shareholders • The role of stakeholders in corporate governance • Disclosure and transparency • The responsibilities of the board FUNDAMENTAL ISSUES IN CORPORATE GOVERNANCE • TRANSPARENCY IN RESPECT TO COMPANY AFFAIRS AND COMPLETE DISCLOSURE OF ALL ADVERSE FACTORS AFFECTING A COMPANY • ACCOUNTABILITY OF DIRECTORS IN COMPLIANCE OF LAWS AND REGULATIONS • FAIRNESS IN REPORTING OF ALL DEALINGS • RESPONSIBILITY ON
Rating:Essay Length: 407 Words / 2 PagesSubmitted: February 7, 2012 -
Acc 309 - Accounting for Performance
Southampton Solent University Assessment Brief Assessment Details Unit Title: Accounting for Performance Unit Code: ACC 309 Unit Leader: Pete Allen Level: LEVEL 5 Assessment Title: Oarsandpaddles plc Assessment Number: 1 Assessment Type: Coursework Restrictions on Time/Length : Report length 1500 words maximum Individual/Group: Individual Assessment Weighting: 50% Issue Date: W/c 26th November 2011 Hand In Date: W/c 20th February 2012 (week 18) Planned Feedback Date: W/c 19th March 2012 (week 22) Mode of Submission: Hard
Rating:Essay Length: 911 Words / 4 PagesSubmitted: February 13, 2012 -
The Hardy-Weinberg Principle
General Biology Independent Laboratory Experiences for the College Science Major Second Semester COPY OR SAVE TO A WORD PROCESSING PROGRAM to fill out and hand in to your instructor Name:___________________________Date:________________________ Work Area: The Hardy-Weinberg Principle Version 09-1.01 Exercise 1: The Hardy-Weinberg Equilibrium Model Hitchhiker’s Thumb Thumbs with end joints that can be bent back at 45 are 100% recessive (ss). Thumbs that cannot bend back significantly are dominant (either SS or Ss). SS, Ss ss
Rating:Essay Length: 1,021 Words / 5 PagesSubmitted: February 14, 2012 -
Accounting Methods
Description of the Firm Business Overview The Service Copa is a leading Latin American provider of airline passenger and cargo service through the two principal operating subsidiaries, Copa and AeroRepública. It operates from its strategically located position in the Republic of Panama, and AeroRepública provides service primarily within Colombia complemented by international flights from various cities in Colombia to Panama City and Caracas. Currently operate a fleet of 55 aircraft, 27 Boeing 737-Next Generation aircraft,
Rating:Essay Length: 3,432 Words / 14 PagesSubmitted: February 15, 2012 -
Accounting Case
3. How will you operate? a) Will you purchase and sell the entire product, purchase parts and assemble it, or manufacture it? Explain your choice. PawSmart will purchase and sell the entire product. The pet food sector includes food and treats. Dog and cat food and treats will be the top sales item in all stores. The company tries to encourage the use of high quality, nutritious foods for animals.The company will stock only high
Rating:Essay Length: 306 Words / 2 PagesSubmitted: February 15, 2012 -
The Financial Accounting Standards Board
The SAC confers with the IASB on major policy issues as well as any technical issues that arise. The IASB structure is very similar to that of the Financial Accounting Standards Board (FASB) of the United States with the exception of the size of each board, the IASB having fourteen members and the FASB having only seven members. Like the FASB, the IASB issues pronouncements of which there are three types. They include International Financial
Rating:Essay Length: 261 Words / 2 PagesSubmitted: February 16, 2012 -
Archimedes' Principle
Archimedes was asked by King Hiero II to determine if the crown made for the King was composed of pure gold. Because he could not damage the crown, Archimedes had to find a way to determine its composition. He used the displacement method to find the crown's volume and then measured the crown's mass to determine the density. Because density is a physical property that does not change, Archimedes could determine if the density of
Rating:Essay Length: 309 Words / 2 PagesSubmitted: February 18, 2012 -
Miscellaneous Account
CONTRACT ACCOUNT INTRODUCTION For many businesses, revenue and costs are easily divisible into 12months accounting period. For example, a retailer will recognize revenue when realized throughout the year, and match costs in accordance with accruals concept. For some businesses, however, traditional revenue recognition method (i.e. ‘show revenue when realised’) are not applicable. Many such organizations are in the construction industry and their business dealings involve contracts that are usually long term in nature or span
Rating:Essay Length: 828 Words / 4 PagesSubmitted: February 19, 2012 -
Skills Necessary for Accountants - Accounting Education Change Commission
INTRODUCTION According to the Accounting Education Change Commission (AECC), Position Statement No. One (1990), to be successful in their careers, accounting graduates need skills and abilities that go beyond accounting technical knowledge. They include communication skills, analytical skills, and interpersonal skills. Accounting graduates are expected to be able to receive and send information, identify and solve unstructured problems in unfamiliar settings, and exercise judgment. To be a good communicator they have to become effective readers,
Rating:Essay Length: 1,167 Words / 5 PagesSubmitted: February 19, 2012 -
Kudler Accounting System
Kudler Accounting System Evelyn Daniels Axia College of University of Phoenix Accounting System 2 Introduction There are many reasons to consider when purchasing an accounting system for a business. Selecting a flexible and accessible accounting system will ensure the design will be useful for the business. With the help of an outside consulting firm, Kudler Fine Foods purchased and installed a Retail Enterprise Marketing System (REMS). The need to purchase only the modules to operate
Rating:Essay Length: 872 Words / 4 PagesSubmitted: February 19, 2012 -
The History of the Financial Accounting Standards Board
The History of the Financial Accounting Standards Board Abstract This paper discusses the history and background of the Financial Accounting Standards Board (FASB). The primary goal of the FASB is to devise the Generally Accepted Accounting Principals (GAAP) in the United States. This paper will also discuss the structure and function of the FASB and its standards. Finally, the paper will discuss the future as the FASB and the International Accounting Standards Board (IASB) as
Rating:Essay Length: 2,927 Words / 12 PagesSubmitted: February 21, 2012 -
Case Study - Plato's Explanation of Justice - Summary of Plato's Account
Plato's explanation of justice is a complicated answer to a seemingly straight-forward question. He is less bothered with the definition of justice in the abstract and more concerned with creating an account of justice that everyone could agree upon. His basis for this account is an elaborate analogy between the similarities of a just city and a just individual "First find out what sort of thing justice is in a city and afterwards look for
Rating:Essay Length: 2,594 Words / 11 PagesSubmitted: February 25, 2012 -
Accounting for Business and Managers
Introduction Business Solution Services 2008 2009 Units Units 4,500 Sales 1,890,000 6,500 Sales 2,535,000 Opening Stock 0 opening Stock 0 Production 1,080,000 Production 1,612,000 1,080,000 1,612,000 Contribution 810,000 Contribution 923,000 Fixed Overheads -360,000 Fixed Overheads -400,000 Net Profit 450,000 Net Profit 523,000 Management accounting is defined as ‘'the provision of information to people within an organisation to help them make better decisions and improve the efficiency and effectiveness s of existing operations.'' Task 1 (a)
Rating:Essay Length: 1,630 Words / 7 PagesSubmitted: February 27, 2012