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Free Custom Accounting Essay Paper
Accountability Flaws essay
Introduction
Student Success Academy (SSA) is a free public charter school with the main campus being located in Waipahu on the island of Oahu with satellite campuses located on the island of Kauai and Maui. Virtual programs running state-wide with ...
Accounting essay
Question#1: Reporting of Research and Development costs.Reporting of expenditure which relate to Research and Development (RD) are being done in accordance to Current Generally Accepted Accounting Standards (GAAP). Use of U.S GAAP provisions are ...
Accounting and Reporting essay
The main purpose of this research is to establish the relationship between public accounting and financial reporting and the role both disciplines play in decision making regarding companies, private entities and individuals in the field of ...
Accounting Change essay
The chosen company for this restatement analysis is the Timberland Company. Generally, the primary reason of the financial restatement is to make some revisions on the financial statements that had been issued earlier. The restatement is primarily ...
Accounting for Gift Cards essay
Gifts cards are available in the market in two forms; the ones affiliated with company’s credit card like MasterCard and Visa and the other type that is not affiliated. The latter type which is in most cases purchased from retailers, does not ...
Accounting Fraud essay
Fraudulent acts are common in many organizations spread all over the world. Majority of the organizations have got some employees who are self centered and their objectives is usually attaining their selfish gains at the expense of others. Their ...
Accounting Harmonization essay
Accounting is a complex social-economic form of activity whose advancement from history is likened to that of human evolution. It is disputed that the increase in free enterprises and the supremacy of the global capital would not exist without an ...
Accounting Information System essay
Accounting Information system is one of the most vital elements of an organization. Every organization, whether it is a profit or non- profit one, should maintain an accounting information system. An accounting information system can be termed as a ...
Accounting Information Systems essay
Technology is one of the departments that have affected all environments including the business environment. Most business organizations and companies are investing in information systems as they improve the quality of work being done. The ...
Accounting Principles essay
According to Levitt (1998) high quality accounting standards can be measured in different ways.In capital markets it is very important that the welfare of the investors is well catered for. Their interests in the company they invest their money in ...
Accounting Profession and the Subprime Mortgage Crisis essay
Introduction
Subprime mortgage crisis occurred during the great global recession. It was characterized by an increase in subprime mortgages. These are loans given to people who may lack the power to repay accordingly. Subprime mortgages are ...
Accounting Professionalism and Standards essay
Though most people have a general idea of both the public and corporate/private sectors, it is vital to note intricate differences which exist between the two terms. The public sector is normally composed of public organizations that are operated ...
Accounting Regulation essay
Australia represents the few nations in the world in which accounting has been properly regulated and meets the international accounting standards. This is an inclusion of both the professional and technical accounting standards. The remarkable ...
Accounting Standards and Financial Intermediaries essay
Application of Accounting Standards in Financial Market
A financial market is a public trading centre for buying and selling items such as investment securities and commodities. The items to be traded are usually expensive; therefore a non biased ...
Accounting Standards Codification essay
1. Describe accounting policiesAccounting policies refers to the financial principles that an organization uses to account its entire earnings and losses. These policies are not the same, they differ from one firm to another but the general goal ...
Accounting Systems essay
Kids Wish Network is a non-profit based charitable organization that concerns itself with the task of ensuring kids with chronic illnesses get to realize a wish they make through the organization. As a result, the network ensures that the kids will ...
Accounting unit 3 q11 essay
Explain why the lower of cost or market rule is used to value inventory
“Lower of cost or market rule” (or shortly LCM) is an accounting method of inventory valuation which is used in financial reporting process. Lower of cost or market ...
Accounting Unit 5 q11 essay
Describe how accounts receivable arise and how they are accounted for, including use of a subsidiary ledger and an allowance account
Money owed to the firm by the entities on credit by the sale of goods or services are represented as accounts ...
Accounting Unit 6 q11 essay
Identify and discuss the advantages and disadvantages of bond financing.
If a company is looking for options to increase capital to expand their business or for any other purposes, two main ways to do it could be identified. Company could sell a ...
Accountings Control Reports essay
Introduction
This paper is going to discuss about internal controls in business, the inappropriate cash procedures, and the inappropriate inventory procedures and conclude with recommendations. The aim of internal controls is to create an ...
Adjusting Entries essay
Introduction
Adjusting entries is one of the most important parts of accounting that is accrual based. To adjust business records one has to reflect the true balances accurately during a specified period of financial accounting. Adjusting entries ...
Advantages and Disadvantages of Internal Rate of Return essay
Return on Equity
Return on equity reveals the amount of profit generated in comparison to the total amount of shareholders equity indicated in the balance sheet (Pinto, Henry, Robinson and Stowe, 2010). Shareholders equity is what shareholders own ...
An Accountant essay
Abstract
An accountant is an accountancy practitioner who measures, disclose, or provides assurance about financial position of a business organization to the stakeholders. An accountant is an important business profession who evaluates and ...
An Accounting Record essay
An accounting record refers to the documentation and books kept for the purpose of making financial statements and records kept for auditing purposes and financial review. Accounting records can be in the form of a flowchart which is a pictorial ...
Are Classifications of Accounting Outmoded? essay
Globalization and sophisticated industrialization have been the order of the day in recent decades. These changes in the production, marketing and servicing sectors have been positive in most countries all over the world. Countries that were once ...
Assisting Irish Companies essay
As business environments become more dynamic, hardly predictable and competitive, there is a compelling need for management accountants to develop logically consistent strategies and practices to improve company's competitive edge, financial ...
Audit Procedures essay
Audit procedures refer to the different methods used by an auditor in obtaining the evidence necessary for making an opinion on the financial statements of the firm. The different types of audit tests that can be used by the auditor include ...
Auditing Information Systems essay
The auditing information system is a very vital tool necessary for auditors working in; external auditing, internal auditing, system auditing, and finally date security. This tool has proved to be handy in the improvement of audit quality and ...
Australian Funghi Importer Pty Ltd essay
This report is addressed to analyse the Australian Funghi Importer Pty Ltd’s last three years financial reports in order to make a decision on a loan requested by the company.
The Profitability Analysis
The profitability indicators are used to ...
Bankruptcy Prediction Using Conventional Models essay
1. Introduction
Bankruptcy prediction is a crucial issue in financial planning. If a bank or a company is about to go bankrupt, it becomes irrational to invest money in them. Moreover, it might be reasonable to withdraw current investments in order ...
Basic Accounting Concepts and Principles essay
Businesses have existed for many years and it is as old as mankind. The early forms of business involved batter trade where people used to exchange good with goods. Though they didn't use the money concept, they knew how to attach certain values to ...
Basic Principles of Managerial and Financial Accounting essay
Managerial accounting is a process involved with giving information to managers to aid them in decision making and other related operations in the organization. On the other hand, financial accounting entails giving information through financial ...
Benefits and Limitations of Financial Account essay
Q1.The three financial statements commonly used in a public limited company are:
a) Income statement-This is one of the most important financial statements that give a picture of how much money a company is making. It is also called a profit and ...
Benefits of Entering Accounting Field essay
Accounting is a field that involves keeping track of a corporation's financial transactions. Financial accountants create and issue financial statements of a corporation, offer timely and accurate information to management and make sure that every ...
Business Accounting essay
Breakeven point can be defined as the point which income and expenses match. The expenses do not exceed the income. At the breakeven point, there are no profits (Aneirin, 277). For my income and my expenses to be at a breakeven point, then all the ...
Business Risks essay
Business risks refer to the possibility of a loss to a firm, or a factor that may affect its operations negatively. Business risks that the firm may face in Vietman are due to the country’s economic situation. Possible challenges that the ...
Capital Adequacy essay
Capital adequacy refers to the percentage ratio of any financial institution primary capital to its assets Gallanti, 2003). These include loans and investments. Capital adequacy is used as a measure of an institution’s financial strength and ...
Cash Flow essay
Any time a company spends more than it receives, it experiences a negative cash flow. This is seen as financially ill by potential investors. Any negative cash flow should never be seen as a failure, because it could have been caused by a mismatch ...
Computerized Accounting System essay
The advantage of a computerized accounting system is that it is faster. It is faster to input data in a computer compared to doing it manually since it has inbuilt databases for suppliers and customers. A computerized system is effective in the ...
Consumer Behavior essay
The brief description of the account gives the impression of the robbery that had taken place in a local store. However, closer look at the sequence shows the lack of information provided about what exactly had happened and, therefore, what might ...
Continental Senior Center essay
Continental Senior Center sources for funds to run its projects through various means. Firstly, it organizes fundraising events which help it to raise some income for its activities. However, fundraising does not generate much income and therefore, ...
Controls over Inventory essay
Control of inventory typically represents 90 percent of all expenses incurred by a company (Bragg, 2005). Therefore, companies should ensure that they put in place the correct controls regarding inventory management. Proper controls are needed so as ...
Cost Accounting Standard Board essay
In the early years of the 20th century, the US Federal Government had accounting requirements designed in such a way as to protect it from making overpayments for goods and services. These requirements governed the degree to which costs are ...
Country Differences in Accounting Standards essay
Introduction
The role of accounting systems in the shaping of business cannot be underemphasized. Given the critical role that accounting systems play in the business world, the evolution of business activities to extend to global regions demands ...
Current Ratio essay
Looking at the net asset ratios, we note that there was a decrease in Glasgow and a decrease in both London and Leeds offices. This denotes that in Glasgow the extra expenses were well catered for but, on the other hand, we cannot say that it caused ...
Decision Case essay
Which business has more assets?
Equity = Assets – Liabilities
For Sherman Lawn Service, assets are equal to $12000
Grey’s Groovy Tunes assets are equal to $6000+$7000= $13000
This means that Grey Groovy Tunes had more assets as ...
Decision Making In Management Accounting essay
Machinery Account
1st January 2000 $ ...
Definition of ABC essay
Activity based costing is an accounting costing model in which an organization or a firm assigns costs of activity resources to all products and services manufactured or produced depending on the percentage the service or product consumes. ...
Factor Models essay
Generally factor models are used for describing and quantifying miscellaneous factors, affecting the return percentage for securities in the provided time frame. The range of use of the factor models is limited to making measurement and managerially ...
FASB Takes up Insurance Accounting essay
Financial Accounting Standards Board is a seven member independent board that comprises professionals charged with establishing and communicating financial accounting and reporting standards in the US. These standards, commonly known as Generally ...
Financial Accounting essay
Omissions found in an adjusting entry by an auditor would mean that there are no proper internal control systems in place that would have ensured that the omission never occurred. It is imperative that a big company like ABC puts these important ...
Financial Accounting Theory essay
Accounting is defined as the process of recording, classifying, and summarizing in monetary terms the financial transactions and the interpretation thereof (Ramnik, 2002). Accounting is the process of conveying the financial information about a ...
Financial Accounts of the Companies essay
This paper investigates the literature available on financial analysis of two companies. The paper takes an analytical look at the financial accounts of these companies with a view to comparing their performance during the last financial year. For ...
Financial Reporting in Public Accounting essay
Public accounting and financial reporting are directly related and work together. Their relationship makes it difficult to research on one of them and leave out the other, thus leading to a research on both of them and how they affect each other and ...
Financial Statement Presentation essay
Modern financial relations among the companies, investors, creditors, customers and employees are seriously impacted by the developed and still changing sets of accounting standards and ways of presenting the financial reports to the general public ...
Flexible Budgets essay
A budget is usually considered as a plan of the future activities. The budget is a planning tool that is divided into fixed and static budget. A flexible budget is a performance evaluation tool based on the level of activity while the static budget ...
Fraud Accounting essay
This research paper investigates the fraud case against Norfolk man of the Southern District of Nebraska. It establishes the security controls that were compromised at the time of the crime. In addition, it proposes measures that should be put in ...
GAAP Verses Other Bases essay
Introduction
"Other Comprehensive Basis of Accounting" (OCBOA) is a term that is used to refer to bases of accounting other that the Generally Accepted Accounting Principles (GAAP). They are defined under the SAS no. 62, special Reports, as ...
IFRS Assignment essay
The International Financial Reporting Standards (IFRS) and the U.S Generally Accepted Accounting Principles (GAAP) have for a long time reflected varying approaches in the reporting standards of earnings from business and assets. IFRS primarily ...
Importance of Auditing essay
Introduction
An auditor can be defined as a person who has been authorized and appointed to examine records of account and compare the results from different balance sheets that have been provided. An auditor has the independence to record what he ...
Income Statement essay
The income statement is also referred to as the profit and loss statement or revenue statement. It indicates how the revenue is transformed to net income. It does take into account all revenues identified in a specific period of account, the costs ...
Initial Financial Analysis essay
It is becoming increasingly difficult to ignore the fact that any project should be appropriately scoped in terms of its objectives, deliverables, deadlines, and costs. For sure, financial perspective is important; therefore, any project presupposes ...
Intermediat Accounting essay
The dilemma of investment is quite indispensable from the view point either for a company or the world as a whole. When the name of investment and savings comes on the screen then the stance of future value and present value automatically comes. The ...
Internal Control essay
Internal control is the combination of activities, arrangements, policies and efforts of the workforce in an institution which are aimed at offering a realistic guarantee that the organization will attain its goals and mission. It is aimed at ...
Internal Financial Controls essay
Introduction
Financial controls are basically all the crucial checks, as well as procedures that assist organizations to meet their duties in safeguarding their assets, manage risks and enhance quality financial reporting. This is achieved through ...
Leeds Offices essay
According to the profitability ratios of GP/Sales, we see that Glasgow depicted an increase in the gross profit ratio in the period between 2010 (37.78%) and 2011 (50%). At the same time there was a decrease in London offices from 46.43% to 35.00% ...
Liabilities and Stockholders Equity essay
Describe briefly what is the role of the International Accounting Standards Board?
The main responsibility of the International Accounting Standards Board is to establish international financial reporting standards which are abbreviated as IFRSs ...
Management Accounting essay
Introduction
This essay will discuss accountants' role in supporting the adoption of a strategic approach in sustainability to ensure a sustainable development in strategic discussions.
What is Sustainability?
The idea of enterprise sustainability ...
Management Accounting essay
Over the last decade, Bp has really received acclamation and support due to its "proactive stance" in regards to environmental challenges it faces, most notably due to its position on global climate change and efforts to address emissions of ...
Management Accounting essay
INCOME STATEMENT OF WALRUS PLC FOR THE YEAR ENDED MATCH 31 ...
Management Accounting: International Decorative Products essay
A variance is the diversity involving proposed, budgeted, or average cost and the real cost. This also applies for income. The procedure by which the entire variation involving the average and actual outcome is studied is called variance analysis. ...
Management in Practice essay
It is due to the traditional practices and male dominated inheritance systems that women are underrepresented in the decision making committees of most of the corporate institutions. Women are in no way intellectually inferior to men and their ...
Management Practice essay
It is due to the traditional practices and male dominated inheritance systems that women are underrepresented in the decision making committees of most of the corporate institutions. Women are in no way intellectually inferior to men and their ...
Management Theory and Practice essay
It is due to the traditional practices and male dominated inheritance systems that women are underrepresented in the decision making committees of most of the corporate institutions. Women are in no way intellectually inferior to men and their ...
Managerial Accounting essay
Managerial accounting which is also referred to as management accounting refers to the act of collecting, provision and use of accounting information by managers. Therefore, managerial accountants collect and evaluate accounting information that is ...
Managerial Accounting Practice essay
Hello Carl;
Ref: Managerial Accounting Practice IP5
Following your email on the operations you have undertaken in your company, I am glad to take this opportunity to analyze California Container division’s breakeven point. The company produces ...
Managing Internal Cost & Controlling Finances essay
Introduction
Budget is a term that is used to refer to an approximation of both income and expenditure for a specified period of time. As such, it bears a plan of all the preset expenses and revenues including savings, borrowing and spending. ...
Marginal Costing essay
Marginal cost is a type of variable cost which refers to the cost of extra inputs that is required to produce a particular output. As a matter of fact, it is derived from the total production expenses with respect to the amount produced. Therefore, ...
Mean essay
In the year 1990, the mean for the sale price was at 163,780. This is a higher number compared to the year 1991 which has a mean of 153,451. Here the mean decreased. This year also had the least mean number of days. In this year still, the mean for ...
National Pen Company essay
National Pen Company is the worldwide leader in providing high value promotional products for businesses and professionals in every industry at low factory pricing. National Pen Company develops two specialized products (Yu-Lee, 2001). The first ...
Price Variances essay
This course work analyses the volume, mix and price revenue variances for a medical group administering flu shots and treatments. It investigates the returns of the medical group in terms of revenues and profits. According to the literature, sales ...
Principal Finance Interview essay
What Are the Top Three Most Important Things a New Principal Must Know about School Finance and Budgeting?
First of all, a new principal should have a clear understanding of the amount of overall spending required to keep the operations run ...
Public Accounting essay
Public accounting is the practice of issuing confirmatory reports that is in line with agreed professional standards. These reports may include consulting services, financial accounting, tax returns reports or accounting processes in business ...
Quantitative Reasoning essay
Determine whether the lines will be perpendicular when graphed.
Y = mx +c
3x - 2y = 6
-2y=-3x+6
Gradient = 1.5
2x + 3y = 6
Gradient = - 0.6667
-0.6667 * 1.5 = - 1.000 therefore the lines will be perpendicular since the product of their gradients is ...
Question Answer essay
1: What are some of the cost flow assumptions used to account for inventories? Why would companies choose one method of accounting for inventories over another? For a company you have worked for or are familiar with, what was the main product and ...
Real Counting essay
Counting is basic in teaching and learning mathematics. Children therefore need to start learning this principle at an early age. In the year 2008, the National mathematics advisory board advised schools on various ways of improving children’s ...
Reduction in the Sales Level essay
In spite of the reduction in the sales level in the year 2004, Mr. Dennis still orders for an increase in production for the year 2005. This is because he forecasts and sees that the inflation rate that is causing the decline of economies in foreign ...
Regression Analysis essay
In the field of statistics regression analysis uses the techniques of modeling and analyzing multiple variables focusing on the relationships between dependent and independent variables helping the analyst to understand how the change of ...
Separate Financial Statements essay
A Consolidated and Separate Financial Statement, according to the International Accounting Standards 27 is defined as the financial statement of a group presented as those of a single economic entity (Hattingh, 1998). A group is comprised of a ...
Flexible Budgeting (Advanced Managerial Accounting) essay
Introduction
Budgeting is often carried by most firms because it serves as a framework for measuring performance, planning and control. Whereas the budget process results in the development of a single budget, several draft budgets are usually ...
Statictics Phase essay
Due to the direction that the company was taking, the CEO needed to have an analysis of the confidence level of their customers. There has been an anticipation to have at least a 95 % confidence level which is an achievable goal. In this case, the ...
Stock Split essay
A stock split, similar to a stock dividend involves issuance of additional shares to the existing shareholders based on their respective shareholding. This means that a holder of 10,000 shares before a stock split will now own 30,000 if the split is ...
Strategic Accounting essay
Relevant Cost
Any cost which is relevant in making a decision is relevant cost. In other words, a cost is relevant if non-recognition of it is likely to result in a wrong decision, i.e., any cost which is likely to affect the decision is relevant ...
Targer Corp. Budget Estimates essay
The operating budget indicates that the revenues received by Target Corporation would exceed the expenses incurred over the year. These projections would be vital, as they will assist managers and the accounting and administration department to plan ...
The Accountant's Role essay
Positive impact of accurate accounting to an organization
Accounting is the systematic recording, reporting, analyzing, verifying, and summarizing of the financial transactions in an organization. The main purpose of the accounting is to provide ...
The Accounting essay
Accounting firms use different accounting procedures however, cases of primary complaints based on some valid reasons that the audit committees readily address. These complaints include those of fraud against investors through fraudulent statements ...
The Corporate Finance essay
Companies allow a lot of information to be provided to the investors by media, special releases etc., but the investors do not get the insight at the current company’s condition. Managers of big and small companies possess more information on ...
The Corporate Governance essay
Corporate governance refers to the way an organization is controlled and operated. It designates a process whereby shareholders and suppliers of funds assure themselves of an efficient utilization of their resources, security of their funds and a ...
The Corporate or Private Sector essay
In the present world, with the major growth and establishment of private companies, corporate, individual investment or multinational corporations, a high demand for good decision (and advisors on the same) in the corporate or private sector has ...
The Current Account Deficit essay
For a world smarting from one of the worst global financial crises in the history, a great deal of debate today centres around what led to the precipitous crunch. The debate now seems to have zeroed in on the US, the epicenter of the 2008 global ...
The Managerial Accounting essay
Writing reports is an essential function of a managerial accountant. A manager prepares a report to account for the utilization of funds in each cost object that gets carried out in that period. Allocation reports also show how acquired inputs will ...
The Need for Accounting essay
Accounting is the practice of collecting, recording, classifying, analyzing, and summarizing financial information for the purpose of decision-making within the organization. It is vital for accountants to adhere to the recognized accounting ...
The Protection of the Digital World essay
The problem of mobile and computer hacking is an urgent theme of nowadays. There are two strategies, introduced by the McAfee. The first one implies the protection of computers, Smartphone and tablets and the second one implies the mobile security ...
The Public Accounting Sector essay
This research study is aimed at finding and relating information connected to public accounting and financial reporting. It is a theoretical research study on public accounting and financial reporting which aims at highlighting and providing ...
The Quantitative Reasoning essay
A set is defined as a collection of infinite or finite objects in no clearly defined order (Weisstein, 2011, p. 1).
A set contains members which are referred to as elements of a set. Finite sets are characterized by countable number of ...
Thomas’ Opinion essay
According to Thomas (1976), the financial accounting theory requires that two kinds of allocations must be performed in the amortization of non-monetary inputs. First, a series of contribution allocations must be made in which the total net revenues ...
"To Kill the Mocking Bird" essay
To kill the mocking bird is one movie that has attracted many people all over the world. This is one movie that mainly focuses on the cultural differences that exist in our current society. It mainly addresses the racism level that exists in ...
Toyota and Ford essay
Toyota and ford are two strong competitors in the automobile industry. Toyota is a major automobile manufacturer in the world with a good performance all over the globe. Its leading market is Africa where it dominates in number vehicles imported and ...
Tri-Cities Community Bank essay
Balanced scorecard is a system of management and strategic planning extensively used in government, nonprofit organizations, industries and businesses all over the world so as to ally economic activities to the organization’s strategy and ...
Using Accounting essay
1a)Indeed, if overhead is over applied the year-end net income gets affected. As a result, of more overheads being over applied the inventory increase thus, enough overheads must be removed from the ending inventory in order to reduce discrepancies ...
Washington D.C Cost of Living on Low Income essay
Washington D.C cost of Living on Low Income
COSTS OF LIVING
Housing: What is the price ranges for rented accommodations (per month)? Is heat included?
Studio/efficiency apartment: $550 to $750
One-bedroom apartment: $550 to ...
