Accounting essays
Last update: January 23, 2016-
Aig's Accounting Practices and Financial Statements
AIG's accounting practices and financial statements One of the ethical principles of accountants who are in compliance with Generally Accepted Accounting Principles (GAAP) of the United States is the concept of full disclosure. All of the relevant information pertaining to a financial decision should be openly disclosed. (1) However, this was not the case in the dealings between AIG and General Re, the former unit of Berkshire Hathaway. AIG used the questionable transaction to help
Rating:Essay Length: 1,425 Words / 6 PagesSubmitted: September 18, 2012 -
Accrual Vs. Cash - Accounting Effect
Accrual vs. Cash LaShanda Prejean ACCT 290 Jason Bruno 07/24/2012 Accrual vs. Cash The two basis in accounting are cash and accrual. They basically are two different ways to journalize and record on the accounting books. Accrual basis record transactions at the time it is earned or recieved. It gives an accuarate amount if each transaction that takes place. However, cash basis record transaction before it is earned or recieved. Cash basis record the transactions
Rating:Essay Length: 559 Words / 3 PagesSubmitted: September 23, 2012 -
Accounting Case
The main purpose for this memo is to give an advice pertaining referent to the current business situation. Ms. Gonzalez, I am aware that you have expressed concern regarding the ability of the business to meet income tax obligation, because due to weather condition, the cost of acquiring produce to resell has escalated. It is causing increase in the cost of inventory and tense cash position. Additional, the business's merchandise is perishable goods and the
Rating:Essay Length: 659 Words / 3 PagesSubmitted: October 15, 2012 -
Accounting Systems
Accounting Systems Jeremy Void BSA 310 Accounting Systems These days it is especially important to pay attention to details when it comes to deciding if your accounting system is providing the kind of information that may be required of you to produce. I think legal requirements and government regulations are becoming more demanding as to what they expect to see if someone such as the I.R.S. were to show up and ask for an audit.
Rating:Essay Length: 1,378 Words / 6 PagesSubmitted: October 29, 2012 -
Report Accounting Shoes Market
1) Introduction of the proposal This report has been requested by a group of potential investors to observe the market trends and the leverage existed in the footwear/shoe industry. This report has been compiled by the potential entrepreneur and submitted on 03/12/2011. The report entails the forecasted financial statements and comprehensive Break-even analysis of proposed business in the footwear industry. 2) Main Section We conducted the survey in the footwear market to know the demand
Rating:Essay Length: 905 Words / 4 PagesSubmitted: November 15, 2012 -
Personal Accountability
\While there are many factors that will contribute to your college education, holding yourself personally responsible is the most important. It is your name on the assignments, you make the decisions on how to spend time, and it is your work ethic that will determine the level of success you achieve. We are past the days where our hands are held, and have entered the days of standing on our own two feet. Ron Haskins
Rating:Essay Length: 884 Words / 4 PagesSubmitted: November 17, 2012 -
Cisco Management Accounting
A friend suggest that organizational behavior courses are useful only to people who will enter management careers. I don't agree with his opinion. According to Moorhead and Griffin (2010,P3) Organizational behavior is the study of human behavior in organizational settings, of the interface between human behavior and the organization, and of the organization itself.(1) Organizational Behavior gives us a tool kit of knowledge that is relevant across an array of sectors, and insights that can
Rating:Essay Length: 1,104 Words / 5 PagesSubmitted: December 12, 2012 -
Solving Ethical Dilemmas in the Accounting Profession
Final Project: Solving Ethical Dilemmas in The Accounting Profession Larissa Osterlund ACC 260 November 30, 2012 Aishah Abdullah Daniel worked with Banker Greenleaf, an accounting firm, as a staff accountant and was assigned to work on an audit for a client that they "shared with another Big Eight accounting firm" (The Dilemma of an Accountant, 2007) The ethical dilemma in this case puts Daniel Potters ethics are tested on the professional level. He was assigned
Rating:Essay Length: 1,229 Words / 5 PagesSubmitted: December 23, 2012 -
Accounting Ford Motor Company
Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support. Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support. 1: Assignment Ford Motor Company 1 Assignment 1: Ford Motor Company Heather Plum Professor Jacquelyn Mosely ACC 599 Graduate Accounting Capstone
Rating:Essay Length: 2,171 Words / 9 PagesSubmitted: January 10, 2013 -
Accounting Case
As a representative of my accounting firm, I want to thank you for allowing us to assist you with your concerns about internal control and security within your company. So I would like to start by making a few suggestions that will increase the protection against your company's assets. I want to suggest that you review the objectives of internal control practices. The objectives would be to first guard and protect the assets of the
Rating:Essay Length: 993 Words / 4 PagesSubmitted: January 17, 2013 -
Management Accounting - Balanced Scorecard and Its Four Measurement Perspectives
Management Account Midterm This midterm covers the materials learned in chapters one through seven of our textbook. The questions were preselected to gauge what we have learned over the past four weeks when it comes to management accounting. The questions cover both costs and strategy involved in management account. The following are essays and calculations that will answer the selected questions. Balanced Scorecard and its Four Measurement Perspectives. The book describes a balanced scorecard as,
Rating:Essay Length: 1,459 Words / 6 PagesSubmitted: January 27, 2013 -
Managerial Accounting Business Case
Mr. Peter Perfecto, the general manager, is facing a certain predicament on whether or not to buy its containers from an outside source or continue to produce its own containers. Containers, Inc. has offered proposals, and comparing it to the year's operations of the Packaging Container Department of the company, it may seem plausible to close the department and sign the contract s offered by Containers, Inc., based solely on the figures that have been
Rating:Essay Length: 1,587 Words / 7 PagesSubmitted: February 2, 2013 -
Riordan Manufacturing Finance and Accounting Needs
Organizational Model The design of organization depends on its needs, purpose, and goals. There is no specific standard or design that guarantees success in any specific company or organization. The owner or founder usually select the structure or model that match to their operational requirements. The structure can change over time as the company grows or shrinks or when there is new ownership. There are several organizational designs. The three common organizational designs are simple,
Rating:Essay Length: 685 Words / 3 PagesSubmitted: February 3, 2013 -
Raw Input of Accounting Information
What source documents would be required in a manual accounting system in order to record the sales to customers and receipts of cash, and to ensure correct payment of monies to suppliers? Source documents are a kind of basic evidence needed to record in an accounting transaction. Journal entries, financial records, and accounting reports are ultimately derived from source documents. Source documents are a critical part of an audit trail for establishing the authenticity, and
Rating:Essay Length: 488 Words / 2 PagesSubmitted: March 2, 2013 -
Accounting Assumptions
Since accountants needed more detailed guidelines to solve the practical problems, the FASB set forth operational guidelines to assist accountants. These guidelines are known as assumptions, principles and constraints. Assumptions are a way to show accountants a foundation for the accounting process. Some of the basic assumptions are things such as monetary units, economic entity, time period and going concern. With a monetary unit assumption it is assumed that transaction data can be shown in
Rating:Essay Length: 472 Words / 2 PagesSubmitted: March 3, 2013 -
Xacc 280 - Career Opportunities for Accountants
Career Opportunities for Accountants XACC/280 January 20, 2013 Career Opportunities for Accountants There are many different types of accountants. This field could take one into auditing, cost, forensic, public, tax, private, and trust accounting. Regardless of the type of accountant one decides to become they will be helping businesses, individual, or government to analyze and understand ones financial information. The areas in accounting I find interesting and would like to work are forensic accounting or
Rating:Essay Length: 357 Words / 2 PagesSubmitted: March 3, 2013 -
What Is Accounting?
Accounting is a tool, invented by humankind to fulfil the needs of the society. Besides, accounting cannot in any true sense be said to have been discovered, but must have been constructed by human minds to serve the human needs. However, the most important purpose of accounting is to communicate relevant information between and among producers and users. Before we prepare an account, we must know some basic knowledge about the accounting so we can
Rating:Essay Length: 1,153 Words / 5 PagesSubmitted: March 3, 2013 -
Unethical Accounting Situation
What is an example of a potentially unethical accounting situation? There are many reasons as to why someone would consider an unethical act when they are preparing financial statements and information. The most common reason is quite simply for selfish greed. An accountant can take funds from their employer for personal financial gain. On the other hand the CFO of a publicly traded corporation can create financial statements so that it appears that the company
Rating:Essay Length: 436 Words / 2 PagesSubmitted: March 11, 2013 -
Accounting and Finance for Managerial Use and Analysis
Fi504 Case Study 2 Case Study 2 FI504 Accounting and Finance for Managerial Use and Analysis Recommendations for LJB Company: Requirements for Going Public: A requirement of all publicly traded companies is to comply with the Sarbanes-Oxley Act of 2002. This means that LJB would be required to maintain a system of internal control. The controls must be reliable and effective, which the executives and Board of Directors must monitor. Also, an outside auditor must
Rating:Essay Length: 8,756 Words / 36 PagesSubmitted: March 24, 2013 -
Maza & Co Chartered Accountants
MAZA& CO CHARTERED ACCOUNTANTS Mohd Amir and Zainal Ali, partners of Maza& Co, a firm of chartered accountants, seemed to have come to a cross road in their partnership that was formed in 2001. They seemed to be arguing on the smallest matters - last month was about employees' bonus, a fortnight ago about a client's request - and today they could not agree whether to accept a business offer from a friendly audit firm.
Rating:Essay Length: 2,761 Words / 12 PagesSubmitted: March 25, 2013 -
Accounting and Decision Making
Financial accounting is a fundamental element of business. Every corporation need to do accounting everyday. It plays the role of analyzing business information of a company to its stakeholders, through the process of three activities, identification, recording and communication. Accountants select and record all economic transactions of companies. Those accounting records are classified and summarized into useful accounting information. The information is communicated to users through accounting reports. Using the accounting reports, people can make
Rating:Essay Length: 439 Words / 2 PagesSubmitted: April 28, 2013 -
Accounting for Planning and Control
Name: rc Professor's name: Dr. Wright Course: AF 211 Accounting for Planning and Control Managers in making investment decisions are faced with the problem of limited resources. This, therefore, necessitates an understanding of the topic of capital budgeting. Capital budgeting is the process of determining and pursuing investments which cash flows are expected in the future period usually more than a year. It entails the decision on the acquisition of new assets or equipment that
Rating:Essay Length: 916 Words / 4 PagesSubmitted: April 28, 2013 -
Accounting Principles
Abstract In this research paper I will be going over some unusual accounting practices of Lehman Brothers Co. I will be identifying some strengths and weaknesses of each department and make recommendations for improvement. I will also attempt to identify the problems and conflicts that lead to the demise of the Lehman Bro. Co. Accounting Principles Accounting simply put is the language of business. It is a system of recording, summarizing, and analyzing the economic
Rating:Essay Length: 499 Words / 2 PagesSubmitted: May 11, 2013 -
Trends in Budgetary Control and Responsibility Accounting
Trends in budgetary control and responsibility accounting David Otley Summary Budgeting control and responsibility accounting have been around for many years and still in a wide use in most businesses. However, it has been recognized that other non-financial measures are also important to evaluate an organizational performance. Such measures were created and adopted by many companies. Now the question is whether the budget control processes will be improved or replaced with a variety of alternative
Rating:Essay Length: 200 Words / 1 PagesSubmitted: May 14, 2013 -
Account Case
USEFULNESS OF CONSOLIDATED FINANCIAL STATEMENTS TO USERS OF FINANCIAL STATEMENTS AS OPPOSED TO THE PARENT COMPANY'S SEPARATE FINACIAL STATEMENTS: 1. Company overview: It considers the fact that a complete overview of the parent company and all of its subsidiaries appears in one set of reports. These financial statements provide a financial overview of all companies owned by the parents. Therefore the financial statement user determines the financial health of the entire organization by the reviewing
Rating:Essay Length: 409 Words / 2 PagesSubmitted: June 17, 2013