Accounting Essay Examples and Topics. Page 3

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.

Without the information, the school may withhold the release of funds to the student association. The information will show whether the school maximized the use of the school funds.

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 [...]

In 2010, she appealed the decision to the Texas County Board of Supervisors challenging the County's zoning law. Is the attorney fee incurred in the process of challenging the appraisal of the land tax deductible?

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.

Lastly, to determine the weighted average cost of unit which is a method of inventory, there is a division of the cost of the goods and all units available for sale. The disclosure of Iluka [...]

For the case of king, he deliberately took the appointment without putting in place any precautions to ensure that the conflict of interest is reduced to the minimum.

In addition to the full accrual accounting, there is also a modified accrual accounting approach that is used to work with government fund statements, and the main focus is on the existing financial resources.

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 [...]

In this way, they can protect the sustainability of this company. For instance, they should impartially assess the strategies of business administrators.

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.

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 [...]

They also have responsibilities of reviewing and evaluating the effectiveness of a company in terms of adhering to the policies of the government.

Moreover, "the acquired firm's retained earnings were added to the acquiring firm's retained earnings under the pooling method; however, the retained earnings of the acquired firm are not integrated in that of the acquiring firm [...]

In the current paper, the author will highlight the different roles of the internal auditor. The work of the internal auditor is to detect these risks.

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.

She is considering confronting the sales representatives that seem to be creating the fraudulent sales, the sales manager of the Dayton region, the VP of sales, her boss, or a friend of hers on the [...]

The author seeks to determine the extent to which reports on supplementary matters on audit will change with the introduction of the Canadian Standard on Related Services 4460.

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.

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.

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.

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.

The article Management Accounting Practices and the Role of Management Accountants by Christina Wiwik Sunarni explores management accounting practices and the roles of management accountants in organizations.

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.

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.

In 2003, the Securities and Exchange Commission accused U.S.healthcare giant HealthSouth Corporation and its CEO Richard Scrushy of inflating the company's earnings to the tune of $1.

This essay seeks to analyze a specific kind of revenue, referred to as unearned revenue, with the aim of showing why it is not considered income.

If the net profits are low, it would indicate that the company is experiencing a high level of expenditure and cost of sales.

The Groupon Company also had another issue of planning the company strategy, since the company did not have any backup plans, relating to the COBIT area of Planning and Organizing ad COSO component of Managing [...]

According to Warren, the net income of a company refers to the revenue collected during the year less all the expenses met by the company towards attaining such income.

However, it is important to note that even when both the debit and the credit sides of the trial balance are equal it does not mean that the trial balance is correct. To correct the [...]

It is possible to say that Sam Walton relied on the principles and concepts of managerial accounting to improve the decision-making and planning in his company. Apart from, that Sam Walton used the principles of [...]

The physical Measure of Output method allocates the joint costs based on the physical aspects of the products. Absorption Costing is one of the methods used to allocate joint costs in a manufacturing facility.

Cost of goods sold is obtained by subtracting inventory from the total of cash to suppliers found in the last column of the cash budget.

When the client of the company showed intention to purchase from the company, the bookkeeper recorded the transaction as a sale and indicated that some of the stock had left the company.

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.

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.

The type of inventory valuation model selected by the company affects the cost of sales and the balance of the inventory reported in the statement of financial position.

The main details to be disclosed in the audit report include the name of the partner, the location, and the level of engagement as a partner, among other things.

For many years, the GAAP set of accounting principles have been used by major accounting firms around the world, and have acted as a standard framework for universal accounting in recording and summarizing, and in [...]

This has made the accounting profession to be classified as one of the most groundbreaking professions, thus the need to acknowledge the important role of accounting.

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 [...]

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 [...]

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 [...]

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.

Terming these general principles as qualitative characteristics of financial reports, the IASB framework stresses the need for the information to be understandable, relevant and reliable for the users.'Users' of this information, in general comprise of [...]

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 [...]

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 [...]

The errors would affect the price per share and the giving of shares, but it would not affect the profit and loss account and the balance sheet.

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.

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.

In 1962 the company opened its first Target store and later in 2000 the company's name was changed from Dayton Dry Goods Company to Target in 2000.

Despite the fact that the fair value method is a newer, supposedly better method than the traditional model and enjoys the backing of major international accounting trend setters, there are many critics who contend that [...]

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 [...]

The portion of the one-time enrolment fee attributable to the periods occurring beyond the year of receipt should be reflected in the books of the company at the close of the respective accounting period as [...]

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.

So, the whole of the indirect costs from all the units is combined and then allocated a fair portion of this cost to each unit based on some criteria.

The current audit system in the payroll department is not ensuring efficient performance in identifying the corruptive actions on the part of the individuals in the staff itself.

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.

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 [...]

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.

The author is, however, doubting the seriousness of the planned carbon reduction since no one in Australia has proposed serious green gas reduction which would in effect assuring everybody not to worry yet about the [...]

An example is in how reserve accounts are used in revaluing of assets of companies in Britain while the same is strongly discouraged in U.S.

The company's reports for the first, second, and third quarters of a financial year are called reports in the 10-Q form, and the annual report is called reports in the 10-K form.

ZBB, however, allows making changes to the project, to technological equipment, and to the design of products that were to be produced.

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.

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.

The article by Schillemans addresses the emergence of the phenomenon of horizontal accountability in response to the accountability deficit of agencies.

This essay is a critical review of the article titled "Accountability in the shadow of Hierarchy: The Horizontal Accountability of Agencies".

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 [...]

The data also shows the emergence of new CMAs around the world, and most of them are from Asia and the Americas. At the same time, the study observes the absolute growth of the CMA [...]

Auditing presents several impacts in business operations which are observed in terms of effectiveness, responsibilities and in the setting of goals a business.

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 [...]

They are not without advantages and disadvantages; therefore, it is necessary to discuss the advantages and disadvantages of the measures of accounting quality lucidly. Earnings quality covers the ability of reported incomes to outline the [...]

Even though there is a school of thought that the law has changed the business culture, many organizations still strongly believe that fraud is likely to increase in the future than today.

It should expand on the purpose of the test, describe the target group, and specify the number of items covered by the test.

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.

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 [...]

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 [...]

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 [...]

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 [...]

Several periodicals have been reviewed; in particular, the Journal of International Business Studies, the CPA Journal, and the Journal of Cost Management.

In order to gain a better understanding of this question, we need to summarize the key facts: such organization as United Parcel Service filed a lawsuit against the Commissioner of Internal Revenue claiming that the [...]

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 [...]

It is therefore imperative for the accounting systems to be designed in such a manner that they meet the needs of the organizations and assist them in managing their accounts and at the same time [...]

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 [...]

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 [...]

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 [...]

The lower the cost of producing a product relative to the price customers pays for it, the greater the quantity of a product the company is willing to supply.

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 [...]

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.

In order to be fast and accurate in today's world there is need of the machines to do the work, especially calculations.

In these case study relevant costs has been identified as direct charitable expenses and program and administration expenses directly attributable to the programs to be undertaken. The relevant costs will be direct charitable expenses and [...]

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 [...]

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.

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 [...]

Therefore, there should be a disclosure in the financial statements that the going concern position of the company is in doubt.

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.

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.

The reporting segment has been defined by this standard as a segment that is involved in the business activities of the entity and earns revenue for the entity and incurs expenditure for earning such revenue.

It would be revealed in this essay that in order to ensure the independence of auditors most of suggestions and recommendations of HIH royal commission report have been incorporated in the corporation legislation via CLERP [...]

Recognition of losses from impairment of long- lived assets is an effort of declaration of fair value of such assets on a reporting date.

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.

There were very many problems prior to the railway privatization in 1990.one of the problems that led to the privatization of the railway line in the UK was the misappropriation of taxpayers' money.

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.

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.

Besides the marketing advantages, such outsourcing entails, it is also possible to effect cost savings and reduction in workload of the outsourcing due to use of the international outsourcing techniques.

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.

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 [...]

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 [...]

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 [...]

The purpose of this paper is to use the governmental GAAP hierarchy for ranking the guidance to address the issues. The second step is consulting GASB Technical Bulletin, and then, it is necessary to use [...]

As noted earlier, the signaling theory is suggestive of a positive association between board size and IPO underpricing based on the underlying assumption that the board size represents or "signals" a firm's quality to investors.

As a result, the attacker knows the password for the administrator account of the company that cooperates with the company of the employee.

Based on the income and expense statement, net income, the loss ratio, the expense ratio, and the combined ratio have been calculated.

Based on the review of the company's financial statements and relevant sections of the annual report, four key audit risk areas have been identified and discussed in this report by using the integrated reporting concept.

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 [...]

Under the indirect approach, the first item that is presented in the operating activities section of the statement of cash flows is net income, which is then adjusted.

This paper aims to discuss the characteristics of such concepts as variable costs, fixed costs, mixed costs, and job order costing as a part of healthcare services.

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 [...]