Accounting Essay Examples and Topics. Page 3

472 samples

Senior Frog’s Wines Inc.’s Accounting

Despite the fact that the company's management has considered the decision to discontinue making desert wines and ice, the two products are evidently the most the most profitable for the organization.
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  • Words: 539

Financial Statement Analysis & Forensic Accounting

A review of the ratios shows that the earnings of the company can adequately cover the interest expense. The results show that the profitability is erratic and needs to be observed over a period of [...]
  • Pages: 2
  • Words: 720

“Mandatory Firm Rotation and Partner Signing” by Bergner

Those who supported the mandatory firm rotation requirement stated that it would neutralize the possibility of auditors' independence being compromised by the convenient relationship that develops between a client and an auditor over time.
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Accounting and Financial Management Research Philosophy

Research is important to help determine the implication of changes in the legal environment in Accounting and Financial Management. The fourth reason for research in Accounting and Financial Management is a fraud.
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Capital Expenditure and Taxation

The expenditures incurred on the land are classified as capital expenditures because it is most likely that the company would not exhaust the benefits gained within one year. In this regard, Disposal Management must capitalize [...]
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Accounting: Ethical Dilemmas

Equally, I will consider the repercussions of agreeing to the command. I will also consider being a whistleblower and report the matter to the relevant authorities.
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Dubai Investments: Accounting Standards and Policies

As regards calculations, DI divided the difference between the net income and preferred dividends by the gross payable shares to reveal the diluted EPS. The 2014 Annual Report also registers a boost in the gross [...]
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  • Words: 668

Tests of Controls and Substantive Audit Test

However, the auditor can eliminate the anomaly by changing the system error and re-validating the audit test. The features of the substantive test include Analytical procedures, Test of controls, and Test of details.
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Management Accounting Regarding Fraud Practices

In this case, the author alleges that the quality of the governance mechanism is affected by fraud. On the other hand, the author's opinion about governance and financial fraud is not correct.
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Decision Making Using Budget Data

The following are some of the ways managers can use budgets to make decisions. The third way through which a budget is used by managers to make decisions is by motivating employees.
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Good People File Bad Expense Reports

Nevertheless, the author warns the public against judging the decisions of the management before reviewing whether the determinations are in line with the companies' standards and the international standards of accounting and reporting.
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The Reporting of Cash Flows From Operations

In this review, the authors establish that the various study findings evaluated have pointed out that the direct approach in cash flow information as being significant in cash flows.
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Features of Financial Accounting

It was astonishing that the firm's founder gave evidence of committing the crime in a letter that he wrote to the board of directors.
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  • Words: 633

Sarbanes Act of 2002 Effectiveness

The Sarbanes-Oxley Act of 2002 was passed by Congress after the devastating effects of the collapse of corporations such as Enron and WorldCom on the economy of the United States.
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  • Words: 849

The Smith Company: Accounting Principles

Preparation of the income statement of Smith Company first requires the calculation of the company's operating expenses and the retained earnings at the start of the trading period ended December 31st, 2012.
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  • Words: 688

The Transfer Pricing Managing

When the new agreement is enforced, division A will report a decrease in the cost of materials by $100,000. In the new agreement, the division will have a decline in corporate tax amounting to $273,000.
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  • Words: 1392

Cummins INC.: Accounting Reporting

The profit that Cummins reported in the second quarter was $ 505 million which translates to $ 2. 25 per share, reflecting a $ 246 billion profit.performance in the second quarter raised its stock by [...]
  • Pages: 2
  • Words: 633

Financial Statements Analysis: Overstock.com

This implied that Overstock.com evidently took the earned fiscal year's income which ought to have been reported in the previous financial reporting periods such as in the third quarter of the financial year 2008 and [...]
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  • Words: 707

Variable Costing v. Absorption Costing

Capon explains that the logic behind this argument is that as more money is generated, it has to be spent to buy the things that made it possible for the enterprise to make money in [...]
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The Impact of Fiscal Federalism on Financial Operations

The ADA requirements influenced the fiscal and budgetary operations of American College Health Association in terms of enforcement of employment rights and observing the rights of employers and students with disabilities.
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Medtronic: Innovating for Life

An example is given in the Medtronic 2010 annual report, showing the business progress report for the year ended April 2008, April 2009, and April 2010 consecutively, reviewing this, one can deduce the following: The [...]
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  • Words: 552

Management Accounting and Its Impact on Business

Competitors' financial information that is retrieved from magazines can also be used by Guillermo to make informed decision on how to face them in the market. The cost of labour is one of the important [...]
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  • Words: 563

The Interstate Travel Center Business Bar

The Interstate Travel Center is the most risky of the three business plans due to the following points: The first area of risk is the organizational structure.
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Internal Control and Cash

It would not have been easy for the checks that the finance official in the case was writing to herself to pass through all the stages.
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  • Words: 791

Accounting Standards Regarding Operating Leases

His discussion may be summarized in the following points: The advantages of off-balance sheet financing for small firms Critique of depreciation charge as regular Critique of the 'noncancelable' notion of the lease Critique of the [...]
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Target Corporation’s Statement of Cash Flows

Company #1 is interested in investing in the company seeking part ownership in the company. Debt to total assets has increased but the company's cash flow suggests a decline of 114% in long term debt.
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Preferred Stock: Liability or Equity?

The key measure of a corporation's capital structure is the ratio of debt and equity capital used in gathering funds to sustain the corporation's assets.
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  • Words: 550

The Retail Method of Pricing Inventories

This would make the retail inventory method not work well therefore if combined with the first in first out method for inventory costing since in times of inflation, the price would be high at the [...]
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  • Words: 593

Regulatory and Fair Value Accounting

The offered regulations in the article have the main advantage: the provisions are going to be controlled and the problem with the accounting will not appear in the conditions of constant regulations.
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Public Accounting in the Age of IT

Another option for AIS students with accounting and IT background is the profession of an information technology auditor, which involves the analysis of the risks associated with computer-based information systems.
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Careers in Accounting Overview

The size and scope of the organizations in need of qualified public accountants may vary, and so do the areas in which an accountant may work.
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A Firm’s Accounting Process

In her study "Audit committee, board of director characteristics, and earnings management", April Klein, a professor of accounting at New York University Stern School of Business, evaluates these changes and makes the argument that audit [...]
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Managing Financial Resources and Decision-Making

For example, by using ordinary and preferred shares as a source of finance, the firm commits itself to the payment of dividends to these shareholders. Cash flow forecasting enables the management to project the flow [...]
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  • Words: 1079

Contract Administration and Property Management

To begin with, it should be stated that property management companies are engaged in the sphere of managing the issues associated with movable and immovable property, legislative, social, and commercial factors of its ownership.
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Accounting. Cost of Ownership – Estimating

The issue is on the agenda now since there is a great necessity to analyzed all the assets and liabilities of the ownership, as controlling the total cost provides the company to consider such aspects [...]
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Accounting for Business: Importance and Limitations

This paper discusses the importance of accounting, the main measurements considered in the preparation of the profit and loss account, and the limitations of the balance sheet inaccurately and comprehensively exhibiting the true financial position [...]
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Statements of Financial Accounting Standards 116 and 117

Lastly, capital profits and losses on investment and other assets must be shown in the 'unrestricted' group unless specific contributor limitations allow it to be recorded in one of the two restricted groups. The impact [...]
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WorldCom: How Corporations Misuse Data to Make Gains

WorldCom executives analyzed stocks performance in Wall Street, identified bookkeeping as a way to generate financial reports that indicated WorldCom was growing, to meet Wall Street expectations, subsequently, keeping the company stock and growing in [...]
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Accounting: eBay Inc.’s Stock Option Plan

Considerably, the stock option plan provides the employees a chance to partly owned the company and be among the stockholders. It motivates the employees to work on their best in the company because it makes [...]
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  • Words: 848

Management Accounting: Break-Even Analysis

As the level of output increases the variable costs are incurred this means that the total costs also increase at the same rate. The variable costs are the costs that vary directly with the level [...]
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  • Words: 1212

Accounting for Sales Tax Revenue in Florida State

The Florida State Department of Revenue has the responsibility of administering revenue laws of the state to its citizens as well as the laws that are related to the inspection of the books of accounts [...]
  • Pages: 11
  • Words: 3001

Nintendo Co.’s Financial Statements

The cohesions of these notions of gaming entail the vigorous nature of the apprentice within the practice-grounded learning surroundings and the aim of negotiating by the means confronts and impediments offered in an attempt to [...]
  • Pages: 8
  • Words: 2144

Accounting Costing: Cost-Volume-Profit Technique

The contribution margin is the difference between the sales price and the variable cost of the product. Hence Break Even point of out put or units will be = - The total monthly fixed cost [...]
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Next Plc.: Accounting Principles

The users of the financial information assess the performance of the management and develop their respective view of the company's progress based on the disclosures made in the financial statements.
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“Uncovering the Dome” by Amy Klobuchar

It is argued, that the building of this stadium is among the interests of the citizens, while the objective is that it discovers the chaotic principles of American policy, and the fact, that different politicians [...]
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Financial Accounting Standards. Statement 130

The objective of this standard is to report all items that meet the definition of comprehensive income, specifically in a financial statement in the period of recognition of those items of comprehensive income.
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New Accounting Rules Don’t Add Up

On the International Financial Reporting Standard number two, that is IFRS Two, there was a first announcement or the first issuance in the year two thousand and four with effective dates given as from or [...]
  • Pages: 15
  • Words: 4190

Management and Cost Accounting in Organization

This is because a great deviancy shows that the result was not adequate and it needs further research in the five sectors to determine the best pricing strategy for membership fees in the sectors.
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Intangible Assets: Australian Accounting Standards

The subject matter of recognition, measurement and reporting of intangibles has been reviewed in accordance with newly inserted accounting standard AASB 138, which is parallel to International accounting standard 38.
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Comparison of IFRS and United States GAAP

It could be concluded that using IFRS over that of the US GAAP will result to less earnings because of timing of recognition of expenses. There is therefore basis to conclude that earnings under the [...]
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Importance of Social Responsibility in Financial Accounting

Thus, in making measurement decisions, standard-setters focus on applying the definitions of financial statement elements and the qualitative characteristics of accounting information in the context of the objective of financial reporting.
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Management Development Practice

Each of the possible approaches in its way is aimed to lattice the capabilities and aims of the individual with the requirements and goals of the corporation.
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America’s Vulnerable Economy

This article discusses the impact the possible impending recession will have on the U.S.and the world, and if the emerging markets are now strong enough to save the world economy.
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Impact of Accounting Information on an Organization

Additionally, investors use accounting information to access the degree of risks related to their investment in the organization. The managers are expected to run the organization in the interest of the owner.
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Hershey Corp. & Tootsie Roll Industries’ Finances

The Company's profits and, therefore, cash offered from transactions throughout the year are exaggerated by regular sales molds, the timing of new production offerings, business attainments and divestitures, and price modifications. 0 million, for the [...]
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Laura Cohn: The Hidden Cost of Stock Options

The consequent result of these actions on the part of the company makes the stock of the company more diluted as the value of the shares and the profits are spread over a larger volume [...]
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Accounting. Brands’ Value on the Balance Sheet

According to the American Marketing Association, the brand is a "name, term, sign, symbol, or design, or a combination of them, intended to identify the goods and services of one seller or group of sellers [...]
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Gary Automobile Clinic’s Business & Financial Plan

Although there are several competitors in the market offering the same services, the proposed business offers customized and bundled services in the form of standard and premium options for car repair. The fixed and variable [...]
  • Pages: 6
  • Words: 1680

Bitcoin Issues in Accounting Information System

This paper addresses one of the issues related to the use of Bitcoin in terms of accounting information systems. On balance, it is necessary to observe that the increasing use of Bitcoin calls for changes [...]
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IAS 16 Model in the Accounting

The IAS 16 allows both historical cost and valuation methods in accounting for tangible non-current assets based on asset recognition and measurement. The procurement cost of equipment is a valid cost, and the asset cost [...]
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IAS 16 Model: Property, Plant & Equipment

The analysis of the advantages and disadvantages of historical cost and revaluation models seems to highlight greater reliability of fair value than historical cost.
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  • Words: 894

Accounting: Constructing Economic Reality

The reality created in accounting is thus subjective and a product of the accountants' interpretation of different situations. Therefore, the accounting philosophy continues to evolve, and creating any form of reality in this field will [...]
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Apple Inc. Financial Performance

It could be said that the main goal of this paper is to evaluate the financial performance of the company, and all values are in millions.
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  • Words: 836

Nestle Pakistan Ltd: Financial Information

Net profit margin is a financial metric that shows "the ratio of net profits to revenues for a company". In 2016, the company's current ratio was equal to that of the previous year 0.59.
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Financial Analysis and Forecasting Using Twitter

First and foremost, the Internet and various new portals provide relevant financial reports, which is especially important for investors as they have to be aware of all the changes that happen in the market and [...]
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Aramark Inc.’s Audit Planning Steps

For purposes of this report, we only focus on the planning phase, which includes five main steps - understanding the organization's internal control processes, assessing the risk of material misstatements, planning the materiality level, developing [...]
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Annual Corporate Reports and Requirements

This section analyzes and discusses the financial condition of the Microsoft Corporation with the purpose of elucidating in detail the outcomes of the operations carried out by the company, as well as the financial performance [...]
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Wesfarmers Company’s Financial Statements Audit

The audit procedures we undertook when investigating the audit risk areas of Wesfarmers are about the context of our audit process and our analysis of the financial statement of the company as a whole.
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Financial Accounting: Guidelines and Agencies

An annual report is a report that a company gives to its stakeholders in order to acquaint them with the company's operations and financial variables for a particular year.
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Advertising Effectiveness and Revenue Measurement

It appears logical to regard surveys as some kind of monitoring tool for the mental processes of the buyers; the key aim of such a survey would consist in understanding what has caused a customer [...]
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Cash Connection Company’s Analysis

The economic conditions resulted in a decline in the ability of the customers to repay their loans on time. The value further declined to $271,961 in 2009, an equivalent of a 20.
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  • Words: 1926

Inventory Management and Cost Accounting

Let's analyze the two options in terms of liquidity, profitability, breakeven point; This is the availability of funds to meet short term and long term financial liabilities as they fall due.
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Accounting Standards and Effects

Given that PSGT is a large corporation with capability to expand to global markets; it is likely that its network will be extremely wide.
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Amazon.com Inc.’s Cash Flow Statement in 2007

From the table, in 2006, the net cash flow used in financing activities amounted to US$ million. From the table, in 2006, the net cash flow used in investing activities amounted to US$ million.
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Jonesboro Newspaper’s Budget and Cash Flow

A budget enables an individual to forecast the amount of money to be realized upon the execution of a given undertaking. A part of the income from the company will be used to cater for [...]
  • Pages: 2
  • Words: 502