Accounting Terminology Free Term Papers
Last update: April 22, 2015-
Accounting Case
Introduction Accounting as we know it use based on the system of recording known as double entry book keeping. Although accounting did exist before double entry to be widely used, however its appearance has been used rapidly spread across the world. Today it is difficult to imagine accounting without it. It's been claim as the main essential of accounting. It has been so important that, to some extent, its appearance may be also viewed as
Rating:Essay Length: 391 Words / 2 PagesSubmitted: September 25, 2011 -
Accounting Internal Controls
Abstract The author of this paper discusses Internal Controls and how they pertain to a business, the benefits of these controls and the limitations that they have. She also explains how these Internal Controls can be implemented into a professional routine, as well as, the symptoms of a lack of Internal Controls and the problems associated with them. Some missing journal entries and the impact that this may have on your financial statements and your
Rating:Essay Length: 461 Words / 2 PagesSubmitted: September 29, 2011 -
Management Accounting
Manufacturing costs: Direct labour, direct materials, indirect manufacturing costs, manufacturing overheads Look at the break even point in units – topic 4 page 9 There are two cost management systems that could be considered at SGP: Job order costing or process costing, activity-based costing (ABC) for product costing. SGP seems to be using ABC. The manufacturing overhead for SGP having been applied using a single cost allocation cost driver in this case being; direct labour.
Rating:Essay Length: 702 Words / 3 PagesSubmitted: September 30, 2011 -
International Accounting Standards Convergence
One day we don’t have to talk about the story of convergence between International Financial Reporting Standards (“IFRS”) and U.S. GAAP (“GAAP”). I believe that they will be fully converged someday in the future. It is generally assumed that, all standard setters would agree on a single, high-quality accounting standard and it can meet everyone’s need. However, there is also a long road to achieve this ultimate goal. Fortunately, the steps of convergence never stop.
Rating:Essay Length: 446 Words / 2 PagesSubmitted: November 3, 2011 -
Should We Hold People in Certain Profession to Higher Standards of Legal Accountability and Responsibility?
Donta Lett BUSN 150-1103B-188 DB Unit 2 Should we hold people in certain profession to higher standards of legal accountability and responsibility? Yes without a doubt. First of all to be in a health care fields you suppose to have the training and school. The training supposes to help you get the knowledge that you will need to avoid any accident or death of a person. But if a reporter make a mistake it won't
Rating:Essay Length: 303 Words / 2 PagesSubmitted: November 4, 2011 -
Acc 541 - Accounting Role in the Financial Crisis
Wei Wang Instructor: Bill Vadbunker Accounting 541 2 November 2010 Accounting's Role in the Financial Crisis Before analyzing the off-balance sheet transaction, let's talk about the on-balance sheet. As we all know, the purpose of a balance sheet is to provide a full disclosure of a company's assets, liabilities and equity. A balance sheet is a paramount financial statement if it accurately reveals how much leverage a business has. A leverage ratio communicates the potential
Rating:Essay Length: 2,501 Words / 11 PagesSubmitted: November 6, 2011 -
Apple Accounting
Question 1 Under the subscription model Apple recorded estimated revenues of $5,962,500 for the 30 hour period following the launch of the iPhone. This amount is derived from the following assumptions: Apple received an average of $530/iPhone; 270,000 iPhones were sold during the 30-hour timeframe; and, the subscription period is 24 months. Mathematically the equation reads ($530 * 270,000 / 24). If all revenue had been recorded at the point of sale, Apple could have
Rating:Essay Length: 730 Words / 3 PagesSubmitted: November 13, 2011 -
Accounting Fraud at Worldcom
1. Discuss the fraud at WorldCom in terms of the objectives of financial reporting. How were the objectives subverted by the actions taken by the managers of WorldCom? To start with, one of the reasons for financial reporting is to determine future cash flows in order to determine the value of the firm. This will enable the external users (i.e. investors, creditors) to make educated judgment in making decisions about the risks and return of
Rating:Essay Length: 1,340 Words / 6 PagesSubmitted: November 14, 2011 -
Accounting Fraud Case Analysis - Adelphia Communications
FRAUD CASE ANALYSIS Adelphia Communications, Inc. In 2005, founder of cable giant Adelphia Communications, John Rigas, along with two of his sons who served as CFO and EVP of the company were sentenced to prison terms for a list of crimes related to internal corruption. The company, one of the largest cable providers in the nation, was delisted from the NASDAQ in 2002, forced to file bankruptcy, and eventually sell off all its assets to
Rating:Essay Length: 1,270 Words / 6 PagesSubmitted: November 14, 2011 -
Accounting Basics
More Books At www.GOALias.blogspot.com GOALias.blogspot. Contents FOREWORD iii Chapter 1 Introduction to Accounting 1 1.1 Meaning of Accounting 2 1.2 Accounting as a Source of Information 6 1.3 Objectives of Accounting 10 1.4 Role of Accounting 13 1.5 Basic Terms in Accounting 14 Chapter 2 Theory Base of Accounting 22 2.1 Generally Accepted Accounting Principles (GAAP) 23 2.2 Basic Accounting Concepts 24 2.3 Systems of Accounting 33 2.4 Basis of Accounting 34 2.5 Accounting Standards
Rating:Essay Length: 1,009 Words / 5 PagesSubmitted: November 15, 2011 -
Accounting Theory Issues - Cahaya Ilmu Enterprise
Company Background Cahaya Ilmu Enterprise is a enterprise business which established since 2006 located at Bukit Kayu Hitam. But the business had moved to Changlun on December 2010. Mr. Abdul Razak bin Mahamud is the owner of Cahaya Ilmu Enterprise and he is also a teacher at Sekolah Kebangsaan Bukit Tangga. Cahaya Ilmu Enterprise main activity is selling Islamic products such as Al-quran, Tafsir, CD of Islamic talk and Islamic children, minyak ‘atar, buah tin
Rating:Essay Length: 3,582 Words / 15 PagesSubmitted: November 19, 2011 -
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 -
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 -
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