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Business Importance of Inventory Accounting

Well also offer an explanation of simplified LIFO, which is fast outpacing FIFO as the inventory accounting method of choice. What...

Cost Accounting and its Historic Uses

use historic cost methods, he or she would value business (b) based on the price business (a) paid for the acquisition, rather tha...

Deceptive Reporting and Methodologies for Financial Accounting

is precisely what Enron did (Thomas, 2002). Because of this, Enron, before everything collapsed, boosted valuation estimates, with...

Accounting Comparison of the United States Safeway Company and the United Kingdom Sainsbury Company

and Elliott, 1998). The aims of the ASC were numerous, firstly they defined the accounting concepts under SSAP2 Elliot and Elliott...

Australian Corporations Act of 2001 and Public Company Directors

that this move was constitutional (Lexis, 2004). The idea may have been to increase protection for shareholders and develop unifor...

Benefits of Process Based Accounting

process based accounting system at its plant in Plymouth, Minnesota (Pare, 1993). In order to implement this system, during the in...

Historical Cost Concept

valuation that are excessive where prices may have dropped. This is why revaluation is becoming more appropriate when seeking to g...

Article Analysis: Financial and Accounting Topics from the Wall Street Journal

This 12-page paper analyzes financial and accounting articles from the Wall Street Journal. There are 5 sources listed in the bibl...

The Peloponnesian War as Described by Thucydides

At the beginning of this extended speech, the representative from Corcyra prefaces his narrative of events with an appeal that is ...

Accounting and White Collar Employment in 'Down and Out in White Collar America' by Nelson Schwartz

This has been especially true in accounting. Twenty years ago, the profession of accounting mainly focused on spreadsheets and the...

Gross Domestic Product Economic Indicator Importance

make business decisions and prepare for future trends. In looking at the GDP it is important to realize that a true historical ...

Decisions on Capital Budgeting

x = 15.53% 1(b). Retained Earnings Break Point Equity = 60% = 0.6...

Accounting and Gross Domestic Product

balance sheets, cash flow statements and other accounting-specific functions. This even tends to be the case even when the account...

Elizabeth Ashbridge and a Letter From Her Husband

I know that my treatment of you was unforgivable and added to your other burdens of sorrow: although a man has the right to discip...

Cecelski's Along Freedom Road

those societal institutions, such as schools and churches, which had grown out of the post-slavery era and reflected black cultura...

Pericles' Funeral Oration as Reported by Thucydides

way of life is unique when compared to that of our neighbors. Only in Athens can a citizen, no matter what class or social distinc...

Accounting Practice and the Use of Mathematics

can do on silicon. But that is not math. That is accounting. Real math is not crunching numbers but contemplating them and the mys...

'Conservative' Accounting Approach of Microsoft

to accounting, much of which is exemplified in the use of the cookie jar. Microsofts Approach Microsoft has taken pride in ...

Cost Distribution and Production Costs

the determination of the overheads in advance of the period we are budgeting for. Once we have the actual rates needs then we will...

Cycles in Accounting

The second step is to post the transactions to the General Ledger (Mount San Jacinto College, 2003). The General Ledger is a compa...

Benefits of Microsoft Excel

that number-crunchers have come to rely on" (p.29). The one main advantage of Excel, according to many experts (not to men...

GEICO Acquisition and Warren Buffett Case Study

there must be a separation of the roles of the CEO and board. In other words, agency theory says that management will not operate ...

Accounting and Financials As They Involve Islamic Banking

For the most part, Islamic practices when it comes to money dont adapt themselves very well to more Anglo methods of accounting or...

Swimming Pool Business Results Enhancement

service companies to provide all labor for care. EPC adds chemicals, but the case does not state whether it adds chemicals provid...

Consequences of the Sarbanes Oxley Act

long-term ramifications of the Act will be (as its still so new), some of the literature on Sarbanes-Oxley has made some predictio...

eCommerce Issues

(Fixmer, 2002). Network security. By 2002, there had been few lawsuits in this area, but even then it was recognized as on...

Premier Products and Cost Accounting

of how many products that Premier does or does not produce. That portion of fixed costs that Product A formerly carried is now sp...

Case Study of Exmouth PLC

1,021.50 cost of sales (b) 925.2 855.3 Gross profit (a - b) (c) 123.10 166.20 Gross profit margin (%) (c/a x 100) 11.74 16.27 Th...

Global Accounting Standards and Politics

also brings us to the argument of without international support of governments the IASB measures may not be as readily taken up an...

Marginal Costing and Total Costing Uses

ability to include overhead and indirect costs, and the ability to make allowances for past and future outlays. In many ways we ma...