Accounting Terminology Free Term Papers
Last update: April 22, 2015-
Accounting Case
ACCOUNTING VL1 1. Within the relevant range, if the contribution margin increases, operating profit: increases by an equal amount 2. If the production level decreases by 20%, then the total variable cost: decreases by 20% 3. Variable costs are costs that vary in proportion to changes in the level of production. True 4. Which one of the following statements is incorrect? Fixed costs per unit increase with an increase in production volume. • A Total
Rating:Essay Length: 996 Words / 4 PagesSubmitted: May 28, 2012 -
Week 4 Cost Accounting Assign
1. Review the appendix starting on page 206 in our textbook and the cash budget for Stylistic Furniture. Theorize the following: a. What changes could the company make if they wanted to maintain a cash balance of $650,000, rather than $350,000? i. Unfortunaly we don't know much about this firm so it is hard to give specific ideas. Here are two tactics that most firms could try: 1. They could ask for a longer payment
Rating:Essay Length: 326 Words / 2 PagesSubmitted: May 28, 2012 -
Weirich Accounting and Research Chapters 2-4
Acctg 642 Chapter 2 1. Define critical thinking a. Critical thinking focuses on problem definition and problem solving; it is a rational response to questions that may lack definite answers or may be missing some relevant information. 2. Discuss the highest level of thinking according to Bloom's Taxonomy. a. Evaluation is the highest level. It judges the logical consistency of the presented material, how well the data supports the conclusion, and how well the end
Rating:Essay Length: 1,405 Words / 6 PagesSubmitted: June 7, 2012 -
Measurement Principles in Financial Accounting: A Case Study on the Problems with Fair Value Accounting
Measurement Principles in Financial Accounting A case study on the problems with Fair Value Accounting Kurt Vonderheide 12/8/2009 Abstract The use of historical accounting provides simplified but verifiable information to users of accounting statements. One argument to historical values is that they do not provide true values. This had led to a push to use fair value accounting methods for financial statements. While fair values methods may more accurately reflect true values, scandals such as
Rating:Essay Length: 1,500 Words / 6 PagesSubmitted: June 24, 2012 -
Regarding Accounting
CASE STUDY1... REGARDING ACCOUNTING 1. Service Level- Vincent is expected to establish a Service Level Agreement on his drive through coffee delivery. The faster he delivers the more customers he is expected to service. Being a Drive Through, long queues and long waiting time will drive the customer away. Vincent is expected to establish a Marketing and Promotional Department. This department will him to promote the Drive Thru and establish a Market response on their
Rating:Essay Length: 367 Words / 2 PagesSubmitted: June 28, 2012 -
Evaluating International Company Under National Accounting Standards in Retail Industry
Abstract This paper analyses the international firms under the national accounting standard in retail industry. The study applies two typically firms which are Woolworths from Australia and Walmart from the United States and compare the two firms in 4 perspectives. Firstly, the different in recognition of intangible assets, revenue, tax, inventory under IFRS (Aus) and U.S.GAAP. Secondly, describe consequence of the different recognition of accounting items and how it affects to financial statement and different
Rating:Essay Length: 3,167 Words / 13 PagesSubmitted: July 9, 2012 -
Corporate Accounting Research Assignment
Part (a) i) Facts If the partial sale of Nixon proceeded, Billabong would sell 48.5% of Nixon to TCP. Billabong would still retain 48.5% of Nixon and remaining 3% shares would be purchased by Nixon’s management (Nixon Joint Venture 2012, p.1). There are other relevant facts as following: Billabong has rights to future upside in Nixon (Strategic Capital Structure Review Update 2012, p.1). It brings Billabong enormous long-term benefits from the stable predictive
Rating:Essay Length: 307 Words / 2 PagesSubmitted: July 10, 2012 -
Basic Accounting Concepts and Business Structures
Explaining Basic Accounting Concepts and Business Structures Topic 1: Sources of GAAP, order of hierarchy and explanation. 1. Securities and Exchange Commission. The federal government established SEC to develop and standardize financial information present to the public, such as stockholders. The majority of companies that issue securities to the public or are listed in a stock exchange are required to submit their financial statements with the SEC. 2. Under the direction of the SEC, the
Rating:Essay Length: 661 Words / 3 PagesSubmitted: July 12, 2012 -
Accounting for Mineral Resources
Accounting for Mineral Resources Introduction to AASB 6, Exploration for and evaluation of mineral resources AASB 6 is the Australian equivalent to IFRS 6 Exploration and Evaluation of Minerals Resources, which was issued by the IASB in December 2004. Historically, the IASB has tended to avoid industry-specific standard setting, however the extractive industries, which include industries involved in seeking, finding and extracting minerals, oil and gas , present a significant economic contributor to
Rating:Essay Length: 400 Words / 2 PagesSubmitted: July 25, 2012 -
Posting Data into the Accounting System
Posting data into the accounting system According to Kieso, Weygandt, and Warfield, (2010),” A company records in accounts those transactions and events that affect its assets, liabilities, and equities,” (Accounting Cycle).Once the information is approved it is entered into the accounting system by the a/r and a/p clerks. This information makes it way to the ledgers at the end of the month. Trial Balance According to Kieso, Weygandt, and Warfield, (2010),” A company usually prepares
Rating:Essay Length: 407 Words / 2 PagesSubmitted: July 30, 2012 -
Startegic Management Accounting
Tables of content Page No Introduction 03 Models and concepts affecting the pricing decision 03 Approaches to pricing 04 i. Cost–volume–profit analysis 05 ii. Cost plus mark-up pricing 07 iii. Target rate of return pricing 07 Standard costing and Variance analysis 08 The role of standard costing and variance analysis 12 Limitations of Standard Costing and variance analysis 12 Evaluation of Activity Based Costing system 13 Advantages of ABC system 17 Limitations of ABC
Rating:Essay Length: 2,914 Words / 12 PagesSubmitted: August 7, 2012 -
Accounting Information System
The term 'strategic management accounting' has now been in use for more than ten years, with the result that its underlying concepts should now be fairly well understood. Unfortunately the evidence strongly suggests that many businesses are experiencing severe difficulties in practically applying these concepts. This is particularly worrying when it occurs during a period of increasing competition, as the need for very clearly focused competitive strategies is obviously increased. Management accounting should be fulfilling
Rating:Essay Length: 436 Words / 2 PagesSubmitted: August 11, 2012 -
The Accounting Cycle
The accounting cycle is the timeframe and process in which a company utilizes to prepare its financial statements. The accounting cycle is completed by first reviewing all transactions that affect the business (assets, liability and owner's equity). Next make an entry of each transaction based on how it is received or disbursed (credit or debit). The third step would be to post the transaction in the general ledger account by name and date. The fourth
Rating:Essay Length: 274 Words / 2 PagesSubmitted: August 14, 2012 -
Accounting Rate
Accounting rate of return is the rate arrived at by expressing the average annual net profit (after tax) as given in the income statement as a percentage of the total investment or averageinvestment. The accounting rate of return is based on accounting profits.the accounting rate of return (ARR), computed from the financial statements, is a periodic andan ex post indicator. Vatter (1966) ascertains that ARR is a figure based only on the data relatedto a
Rating:Essay Length: 469 Words / 2 PagesSubmitted: August 17, 2012 -
Financial Accounting
Session 1: Introduction to Financial Statements Presentation Slides Introduction_to_Financial_Statements (3,50 MB) Session 2: Balance Sheet Concepts Presentation Slides Balance_Sheet_Concepts (3, MB) Inditex Annual Report 2008 Annual_Report_2008 (15,44 MB) Solution of Exercises - Session 2 SOLUTION_OF_PROPOSED_EXERCISES_Session_2.pdf (101,43 KB) Sessions 3 & 4: Income Statement. The Statement of Cash Flows Solution Quiz MULTIPLE_CHOICE_Example_A_Solution.pdf (86,99 KB) Slides Sessions 3 & 4 Sessions_03_&_04_Income_Statement_Cash_Flow_Statement_GMBA_(handout).ppt (7,27 MB) Solution of Exercises - Sessions 3 & 4 SOLUTION_OF_PROPOSED_EXERCISES_Sessions_3_&_4.pdf (126,41 KB) Instructions individual project
Rating:Essay Length: 500 Words / 2 PagesSubmitted: August 18, 2012 -
Accounting Cycle Paper
Introduction I currently am working as a branch manager in a Credit Union. Although I do some accounting as a manager in my branch, we have a complete accounting department that is considered a back office department at our headquarters. Our headquarters is located in Vienna Virginia. The accounting department is made up of some very important positions that most are aware of, but there is also a position that does accounting and do not
Rating:Essay Length: 533 Words / 3 PagesSubmitted: August 21, 2012 -
Accounting Standards
Accounting standards are set as guidelines for businesses, on how accounting transaction should be treated. Accounting standards are needed so that financial statements will fairly and consistently describe financial performance. Without standards, users of financial statements would need to learn the accounting rules of each company, and comparisons between companies would be difficult. For this assignment the main focus would be on standards governing accounting treatments relating to tangible assets (non-current) and accounting treatments relating
Rating:Essay Length: 2,531 Words / 11 PagesSubmitted: August 28, 2012 -
Accounting Cycle Paper
Accounting Cycle Paper Intermediate Financial Accounting I The accounting cycle is a logical series of steps that accountants follow to keep necessary accounting records and prepare financial statements. The first two steps are very closely related, and are accomplished during the month as transactions occur. The first step in the accounting cycle involves sorting business transactions into an appropriate number of debits and credits to be entered on the accounting records. The second in the
Rating:Essay Length: 1,110 Words / 5 PagesSubmitted: September 7, 2012 -
Arthur Anderson: Questionable Accounting Practices
Assignment 3: “Arthur Anderson: Questionable Accounting Practices” HRM 522 Business Ethics August 12, 2012 Abstract The following paper will discuss the rise and fall of the infamous accounting firm, Arthur Andersen. We will discuss the lethal mistakes that brought down the nearly ninety year old firm. The following four questions will be the basis of our research; (1) Review the mandated requirements for legal compliance (from Chapter 4) and determine which requirements apply to
Rating:Essay Length: 1,426 Words / 6 PagesSubmitted: September 9, 2012 -
Riordan Manufacturing Finance and Accounting Paper
Riordan Manufacturing As an industry leader in the field of plastic injection molding, Riordan Manufacturing is a respected business with high standards. Not only does Riordan employ over 500 people worldwide, but the company also has projected annual earnings of more than $40 million. Riordan Manufacturing is owned by Riordan Industries, which is a Fortune 1000 enterprise and has revenues of over $1 billion. Riordan Manufacturing has products that range from plastic beverage containers to
Rating:Essay Length: 874 Words / 4 PagesSubmitted: September 12, 2012 -
Accounting Hw Wiley Marks and Spencer
The financial statements of Marks and Spencer plc (M&S) are available at the book's companion website or can be accessed at http://corporate.marksandspencer.com/documents/publications/2010/Annual_Report_2010. Instructions Refer to M&S's financial statements and the accompanying notes to answer the following questions. (a) Using the notes to the consolidated financial statements, determine M&S's revenue recognition policies. (b) Give two examples of where historical cost information is reported in M&S's financial statements and related notes. Give two examples of the use
Rating:Essay Length: 431 Words / 2 PagesSubmitted: September 17, 2012 -
Acc202 - Managerial Accounting Case 1
Explain the main differences between the absorption and contribution (behavioral, variable) income statements. Will net income always be the same under the two approaches? If not, explain the difference. The differences between the absorption and variable income statements are as follows: 1. Under absorption income statement, the cost of per unit of inventory is inclusive of direct material, direct labor, variable manufacturing overhead and fixed manufacturing overhead. on the other hand, in case of variable
Rating:Essay Length: 1,653 Words / 7 PagesSubmitted: September 17, 2012 -
The Health Insurance Portability and Accountability Act (hipaa) of 1996
The Health Insurance Portability and Accountability Act (HIPAA) of 1996 The HIPAA and its Purpose The Health Insurance Portability and Accountability Act (HIPAA) of 1996 is generally divided into two parts in order to reflect the two major purposes thereof, namely: (1) to protect health insurance coverage for workers and their families when they change or lose their jobs; (2) the establishment of national standards for electronic health care transactions and national identifiers for providers,
Rating:Essay Length: 544 Words / 3 PagesSubmitted: September 20, 2012 -
Finance and Accounting
Finance and accounting are essential aspects of the backbone of any organization. They provide quantified measurements and indicators of organizational effectiveness and success. Finance and accounting are highly internal processes that are processed year round. Due to the wealth of data handled by Finance and accounting, these departments have come to heavily rely on information systems. Having an effective integrated system across all parts of an organization can ensure effectiveness and productivity. Riordan Manufacturing’s finance
Rating:Essay Length: 375 Words / 2 PagesSubmitted: September 22, 2012 -
Solution to the Problem of Induction (wittgensteinian Hinge Prop and Kantian Synthetic a Priori Account)
What is the most worrying formulation of the problem of induction? And the best response I HAVE TWO HANDS. HINGE PROPOSITIONS ARE WHY I SHOULDN'T THEM IN THE FIRE! This account challenges Hume's skepticism, arguing that both a hinge proposition and synthetic a priori account – which I argue is another form of hinge proposition - renders Hume's skeptical objections ineffective, thus failing to undermine our use of inductive reasoning. I argue initially for a
Rating:Essay Length: 2,527 Words / 11 PagesSubmitted: September 25, 2012