Accounting Essay Examples and Topics. Page 3

610 samples

J. Sansbury Plc: The Financial Statements

The financial statements show the business transactions of the company. The operating expenses of the company include the selling expenses, research and development expenses and the administration expenses.
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BluJay Aviation Inc.’s Growth Opportunity

Through this, the business owner is allowed to retain control and ownership of the business. Sometimes, equity finance tends to be the most appropriate mode of financing since once investors commit their funds in the [...]
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Nybrostrand Company’s Balance Sheet

The balance sheet indicates that the company's assets are more than its liabilities. The debt that Nybrostrand has taken from the bank may be a short term loan as the company prepares to build in [...]
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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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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 [...]
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“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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Accounting Ethical Issues in New Zealand

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.
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Differences Between Accounting Approaches

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.
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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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Purchase, Pooling-of-Account and Acquisition Methods

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 [...]
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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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Ethics Activity in Management Accounting

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 [...]
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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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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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The Computation of Microsoft Income

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.
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Preparing an Adjusted Trial Balance

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 [...]
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Sam Walton: Managerial Accounting at Walmart

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 [...]
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Methods of Joint Cost Allocation: Absorption Costing

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.
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The Smith Company: Income Statement

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.
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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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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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The Choice of an Inventory Valuation Models

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.
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The End of Generally Accepted Accounting Principles

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 [...]
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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 [...]
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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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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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General Principles of Reporting

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 [...]
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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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Corporate Reporting: Impairment of Assets

Measurement of recoverable amount in the presence of impairment indicator firms should determine the recoverable amount. If recoverable amount has increased, in this case the reservation of impairment loss occurs.
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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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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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Cost Accounting: Traditional Method vs. Fair Value Model

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 [...]
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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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Bally Total Fitness Accounting

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 [...]
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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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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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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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“Emission Bell Tolls” by King

In the said article, King was talking about the need for accuracy of reporting for the compulsory carbon emission reporting. It is the function of the standard to achieve accurate or reliable information to be [...]
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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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Becoming a Certified Management Accountant

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 [...]
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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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Armidale Hardware and Accounting Ethics

This is the primary reason why John is in violation of Section 110 of the APES110 Code, because John was not only dishonest and deceitful to an ordinary member of the general public but to [...]
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The Sarbanes-Oxley Law Conference

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.
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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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Mavis Bank Coffee Factory Business Strategies

This guides the firm in adopting a certain entry mode and international strategy.M.B.C.is the oldest and largest coffee processor of the Blue Mountain coffee with quality coffee which is rich, sweet and well balanced acidity [...]
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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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Accounting, Internal Control and Cash

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 [...]
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ABC Incorporation: Tracking Software Sale Transactions

This document contains a business report in which a company's needs are analyzed who is in great need of a revenue transaction software through which the company could keep track of all the business transactions [...]
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Inventory Internal Control Procedure

The functions of authorizing purchases, receiving goods purchased, and recording the receipt and issue of inventory should be segregated. Copies of the purchase order are sent to the vendor, stores, and accounts payable.
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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 [...]
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Statement of Financial Accounting Standards No. 142

Analysis have been made basically with regard to initial recognition of goodwill and other intangible assets, accounting for intangible assets other than goodwill, accounting for goodwill, and presentation in financial statements of these assets, keeping [...]
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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 [...]
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The Financial Accounting Standards Board

The economic expansion and rapid circulation of wealth intensified the activities of the banking sector and the FASB was able to broaden the horizon of its banking facilities.
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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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Bill and Melinda Gates Foundation’s Accounting

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 [...]
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Locke’s Theory of Original Acquisition

Locke's theory of original acquisition is modified by the general right of subsistence, through the operation of conditions, the most significant of which is the command to leave 'enough and as good' for others.
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IFRIC 13 Customer Loyalty Programmes

The recognition of the revenue is to take place at the time when the redemption of the award credit takes place which marks the fulfilment of the obligation by the entity awarding the credits.
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Accounting Profession Breakdown

Accounting is one of the careers expected to continue growing given the current competition in international business and the need for accurate financial information, needed in making critical business decisions.
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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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Accounting Systems of Northwind

Prioritizing the main objectives of the review, this report discusses the characteristics of components of the database and their effective utilization in the organization.
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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 [...]
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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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