Accounting Terminology Free Term Papers
398 Accounting Terminology Free Papers: 376 - 398
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Accounting
Q 1: From the following balances and with the help of the Trial Balance, prepare a Trading A/c, Profit & Loss A/c and Balance Sheet as 31st March 2015 Dr. Cr. Particulars Amount Rs. Particulars Amount Rs. Opening Stock Purchases Sales Return Buildings Debtors Salaries Office Expenses Wages Travelling Expenses Fire Insurance Premium Machinery Carriage on Purchases Commission Cash in Hand Rent 12000 40000 6,000 50,000 16,000 2,400 1,200 10,000 400 800 20,000 700 400
Rating:Essay Length: 891 Words / 4 PagesSubmitted: October 6, 2017 -
Ifrs Vs. Gaap: How These Sets of Accounting Standards Differ
IFRS vs. GAAP: How These Sets of Accounting Standards Differ The accounting industry is full of guidelines, regulations, and oversight committees that dictate how transactions should be recorded and reported. Entities such as the Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB) have been set up to keep a watchful eye on financial proceedings, and specific rules have been laid out that dictate how accountants should do their jobs. While all
Rating:Essay Length: 996 Words / 4 PagesSubmitted: October 31, 2017 -
Financial Accounting - Exxon Case
Financial Accounting Exxon Accounting case Summary After years since the falling of oil value, Exxon Mobile is the only oil-and-gas company which has not written down his oil reserves value. To press rumors, Exxon has merely responded that they always acted according to the rules. But their case is really an isolated one: since summer 2014, when the price of oil began to slide, there were write-downs of more than 200 billion dollars in the
Rating:Essay Length: 645 Words / 3 PagesSubmitted: November 20, 2017 -
Hospitality Management Accounting
PART A – True/False Statements. Indicate T (TRUE) or F (FALSE) alongside each question. (12 marks) 1) T F The uniform system of accounts ensures that the financial statement figures of an establishment conform to national average figures. 2) T F Direct expenses are generally controllable by, and thus the responsibility of the department head. 3) T F A department with a high contributory income percent will, with an increase in revenue, yield more net
Rating:Essay Length: 1,752 Words / 8 PagesSubmitted: December 4, 2017 -
Accounting Theory and Current Issue
ACCOUNTING THEORY AND CURRENT ISSUE Author Name Name of Class (Course) Professor Name Name of University Location Due Date ________________ Executive Summary In the following report, the accounting policies of Medibank Insurance and NIB Insurance is discussed. There are two parts of this report. The first part consists of the evaluation of the accounting policies and estimates applied by the selected organisation. These policies are critically evaluated further so that the quality of their applicability
Rating:Essay Length: 3,551 Words / 15 PagesSubmitted: December 10, 2017 -
Management Account Question 6
Question 1: Text, Minicase: Lynn, page 23 1 1. An operation manager should forecast the future demands of: 1. Lawn moving machine price 2. How to cater to customer preferences 3. Potential competitors and pioneer’s advantage 4. Market capacity and demand 1. Lawn moving machine Replaceable parts for machines Pharmacy Common tools 1. She must buy insurance for her employees and themselves to prevent injuries at work. She should prepare a replacement temporary worker. Employees
Rating:Essay Length: 516 Words / 3 PagesSubmitted: February 6, 2018 -
Accounting Information System
Accounting, Business Reporting and Business Intelligence (20 marks) week7 8 Week 7 Objectives: (Read Chapter 7 and Chapter 8 of the text book, We now focus on how accounting data can be analysed, and viewed using sustainability intelligence.) Describe the relationship between transactional databases, data warehouses and business intelligence (BI) Explain how data cubes form the basis of data analysis Give examples of business intelligence tools Identify advantages and disadvantages of business intelligence Describe the
Rating:Essay Length: 2,727 Words / 11 PagesSubmitted: March 13, 2018 -
Financial Accounting and Reporting (8th Ed) 5.1; 5.13; 5.16
Integrative Case 5.1 Walmart 1. Risk Ratios for Hasbro (calculated with excel) 2015 2014 2013 Current ratio 0.93 0.97 0.88 Quick ratio 0.22 0.24 0.20 Operating cash flow to current liabilities ratio 0.42 0.42 0.33 Days accounts receivable outstanding 4.69 5.06 5.15 Days inventory held 45.30 44.99 45.19 Days accounts payable outstanding 38.41 37.87 38.37 Net days of working capital financing needed 11.59 12.17 11.98 Liabilities to assets ratio 0.58 0.58 0.60 Liabilities to shareholders’
Rating:Essay Length: 678 Words / 3 PagesSubmitted: April 19, 2018 -
The Important Functional Area of Accounting
This is a new chapter covering the important functional area of accounting, this chapter will first define accounting discuss how managers and other stakeholders use financial information, it will introduce the three financial statements in accounting namely the balance sheet, the income statement and the cash flow statement which is the third. Finally this chapter will talk about ratio analysis and identify the major categories of financial ratios It is vital for any organization to
Rating:Essay Length: 3,351 Words / 14 PagesSubmitted: May 10, 2018 -
Social Accounting
Question 1: Vinnari and Laine (2017) argue that social accounting presents new ways of seeing and analysing corporate information, which has the potential to bring about emancipatory change. Referring to your company research, conducted through WikiRate, discuss what social accounting is, and how your company has (or has not) responded to the calls for greater social accounting. Social accounting refers to a process which is used to measure, monitor and report to stakeholders the social
Rating:Essay Length: 850 Words / 4 PagesSubmitted: June 12, 2018 -
China's Auditing and Accounting IndusTry Outlook
Industry research – China’s auditing and accounting industry What's the outlook for the market in this industry is it growing, steady or declining? Why? The industry's outlook in China is expected to be positive, as the country's growing economy and developing business sector continue to spur demand for accounting and auditing services. Enterprises looking to resolve risk and compliance concerns and improve internal controls and transparency will create stable demand for auditors. Moreover, China has
Rating:Essay Length: 278 Words / 2 PagesSubmitted: August 26, 2018 -
Motivation Letter for Master of Accountancy: Professional (ra/rc) Track
Motivation letter for Master of Accountancy: Professional (RA/RC) track Dear Madam or Sir, With this letter, I wish hereby to apply and state my motivation for the entrance to the Master of Accountancy: Professional (RA/RC) track programme, offered at Tilburg University for the 2018/19 academic year, September intake. With my previous experience as an Auditor, Accountant, project manager and my educational background related to finance and accounting makes me a suitable candidate for this program.
Rating:Essay Length: 340 Words / 2 PagesSubmitted: September 1, 2018 -
Cost Accounting: Chapter 2
COST ACCOUNTING: Chapter 2 * 5 categories of cost: * relevance (opportunity costs are for the future, so relevant. sunk costs are irrelevant) * behavior (fixed costs = stay the same ie. Airplane lease. Variable costs change i.e gasoline price vs. distance) * traceability (cost object is a way we measure cost. i.e. time, production level, etc.) * function (direct cost= pilot, indirect cost = ground crew) (manufacturing cost- product. Non-manufacturing cost- period.) * controllability
Rating:Essay Length: 428 Words / 2 PagesSubmitted: September 13, 2018 -
Accounting Chapter 2 Practice Quiz with Answers
Question 1 1. Lloyd received a bill for utility services provided for $150. Harry will pay the bill in two weeks. What journal entry should Harry record today? Debit Utilities Expense $150; Credit Cash $150. Debit Utilities Expense $150; Credit Accounts Payable $150. * Debit Accounts Payable $150; Credit Utilities Expense $150. No entry required Question 2 1. Harry received cash for dog grooming services paid in advance. How should Harry record this transaction? Debit
Rating:Essay Length: 1,483 Words / 6 PagesSubmitted: October 2, 2018 -
Toyota Creative Accounting
Now we’ll turn our attention to examine Toyota’s defensive and assertive impression management strategies and their impact on stakeholders by investigating the pictorial techniques before and after the recall incident. Pictorial IM technique is used by businesses to create a certain impression through specific illustration of graphs, pictures and/or images. For example, when a company presents a more eye catching of their dividend per share in the financial report to stress it towards the readers
Rating:Essay Length: 621 Words / 3 PagesSubmitted: October 28, 2018 -
Strategic Management Accounting
1. Attribute costing considers that products are comprised by a package of attributes which constitute commodities that appeal to consumers. The addition of the costs of such attributes to the cost of the product constitutes attribute costing. Examples of product attributes include operating performance variables, reliability and warranty arrangements, the degree of finish and trim as well as service factors such as assurance of supply and after sales service. Attributes differentiate products and the matching
Rating:Essay Length: 901 Words / 4 PagesSubmitted: November 21, 2018 -
Financial Accounting and Reporting Fasb Case
FRB Case 2 Learning Team 8: Aisha Hafeez, Kimberly Lewis, Michael Mulroe, and Don Trull Honor Code: “[We] pledge that [we] have neither given nor received any unauthorized assistance on this assignment” Blackberry FSA Case 1. What types of long-lived assets does Blackberry report? * Tangible Assets: Property, Plant & Equipment (net) * Intangible Assets (net) including acquired technology and intellectual property. What is the dollar amount and percentage change in total and by each
Rating:Essay Length: 790 Words / 4 PagesSubmitted: January 6, 2019 -
Financial Accounting - Balance Sheet and Asset Recognition
Balance sheet 1. Two major downward accounting bias for equity 1. Assets are on the balance sheet at cost. Historical cost does not match current value 2. Intangible assets are not on balance sheet unless the company acquired them 1. Economic income = income + OCI 2. Working capital = (current assets- cash) – (current liabilities – debt) 3. Shareholder’s funds = equity + preferred + minority 4. ROCE = EBIT margin * asset turn
Rating:Essay Length: 1,270 Words / 6 PagesSubmitted: January 12, 2019 -
Islamic Accounting Standards
ISLAMIC ACCOUNTING STANDARDS Principles of Islamic Finance The main principles of Islamic finance are that: * Wealth must be generated from legitimate trade and asset-based investment (the use of money for the purpose of making money is expressly forbidden) * Investment should have a social and an ethical benefit to wider society beyond pure return. * Risk should be shared * Harmful activities should be avoided Islamic Banking Mechanism Islamic banks are allowed to obtain
Rating:Essay Length: 3,176 Words / 13 PagesSubmitted: March 4, 2019 -
Presentation Guide: Msc International Accounting and Finance.
PRESENTATION GUIDE: MSc International Accounting and Finance COURSE: INTERNATIONAL FINANCIAL MANAGEMENT Background You have been divided into 14 groups. The course administrator will send you your group allocation. I will not reallocate you. There are four presentation slots. For each slot the stated groups below will prepare one presentation. I will ask two of the groups to present their work. If any group fails to prepare their class presentation I will suspend class for one
Rating:Essay Length: 797 Words / 4 PagesSubmitted: March 16, 2019 -
Accounting Alpha Beta.
Alpha Beta General Ledger as at 31 December 2016 Share Capital 31-Dec-16 Balance c/d € 50,000 01-Jan-16 Bank € 50,000 01-Jan-17 Balance b/d € 50,000 Bank 01-Jan-16 Share Capital € 50,000 01-Jan-16 Rent € 25,000 2016 Debtors € 132,000 2016 Premises Tax € 500 2016 Cash Sales € 35,000 2016 Premises Tax € 1,200 01-Jan-16 Vehicle € 12,000 2016 Wages and Salaries € 33,500 2016 Purchases € 12,000 2016 Electricity € 1,650 2016 Creditors €
Rating:Essay Length: 366 Words / 2 PagesSubmitted: March 25, 2019 -
Financial Accounting, Assignment Ch2, Problem 2-3
Financial Accounting, Assignment CH2, Problem 2-3 No. Description Debit ($) Credit ($) 1. Cash 100,000 Capital stock 100,000 2. Bonds payable 25,000 Capital stock 25,000 3. Retained earning 8,500 Accumulated depreciation 8,500 4. Inventory 15,900 Cash 15,900 5. Inventory 9,400 Accounts payable 9,400 6. Accounts receivable 7,200 Inventory 4,500 Retained earnings 2,700 7. Cash 3,500 Accounts receivable 3,500 8. Retained Earnings 3,000 Dividends payable 3,000 9. Dividends payable 3,000 Cash 3,000 10 There is no
Rating:Essay Length: 325 Words / 2 PagesSubmitted: April 17, 2019 -
Principles of Financial Accounting - Final Exam Review
Principles of Financial Accounting - Final Exam Review 1. Know your normal debit/credit balances and which financial statement they are on. Some examples: (look at chart on back cover of book, gives you most accounts we have covered) 10 points. HELPFUL HINT! Do not just look at these. Cover them up and see if you can get them on your own! Account Name Normal Balance D or C BS, IS or SS/E Dividends D SS/E
Rating:Essay Length: 1,138 Words / 5 PagesSubmitted: April 28, 2019