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Historical Cost Concept

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

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...

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...

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...

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...

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...

Questions on Government Accounting

to $295 million. Second Question: 1. Under the first alternative, the town would need to set aside $50,000 each month for ...

Post Arthur Anderson and Enron Accounting Implications

the financial statements. This sent investors scrambling. Nancy Temple was viewed as the culprit (by both the courts and observers...

US Government Accrual Accounting

at the various forms. Taxes may be levied when there is an exchange transaction. However, property taxes are payable every year ba...

Price Earnings Ratio and Yields

of these risks in order to ascertain the required rate of interest may be seen as a good reason for the intervention of the bank, ...

Case Study on Fresh and Fruity Foods, Inc.

effect. Question 2 The company in this question is offered a discount by the suppliers for paying for purchases in a rapid fashi...

Questions on Information Technology and Management Supply

goal of SCM is to integrate many of the aspects of Total Quality Management (TQM) that contribute to increased manufacturing effic...

Increased Corporate Governance Effects Assessment

the long term. A third hypothesis is that these sustainably-minded organizations outperform non-Index firms over the long t...

Activity Based Costing and Artefact Method

the common use of the phrase overhead recovery as synonymous with the term overhead absorption (Chadwick, 1996). The first stage...

Aspects of Environmental Accounting

their assumptions. Much information regarding operations is not public, and much may not even reach the board. The ability for int...

Auditing, Accounting, and the Effects of Technology

Technology, plus the growth of international business, have had a huge impact on this industry, and in this paper, well examine ho...

Tax Accounting Systems and How They Have Evolved

schedules are required. For the professional tax preparer, much of the job has gotten easier with the advent of advanced accountin...

Accounting Practices from Calculating Interest Rates to Assessing Cash Flow Statements

the start amount would be the year 1 figure. c. With this we can see a trend if we have a future value of 886,073 at the end of...

Accounting and Balanced Scorecards

(Dialogue Software, 2003). With this analysis of metrics, the companys intangible strategic vision and plan can be converted into ...

Fear and Loathing on the Campaign Trail, & the Advent of Gonzo Journalism

The journalist records events as they occur, but also incorporates those details of personal opinion, sensory impressions, and so...

Accounting Profession and the Effects of Information Systems

however, technological accounting functions were mainly stand-alones - they werent a whole lot different from the old by hand ledg...

Should Australian General Insurance Company Regulations be Changed?

In this the purpose of the accounts and rights to information were seen as wider, with the report stating that; "The publics right...

Control, NPV and Accounting Rate of Return

Year 3 1,600,000 1.65 2,646,000 1.10 1760000 4,406,000 Year 4 1,600,000 1.74 2,778,300 1.10 1760000 4,538,300 With this informati...

Analyzing A History of the World in 10 1/2 Chapters by Julian Barnes

fictional historical account, as the author uses a host of unusual situations and characters to dramatize historical interpretatio...

Accounting Entry Adjustment and its Purpose

Therefore, adjusting entries isnt about fixing mistakes, because the original entry is not really a mistake. The original entry a...

Enron's Accounting Practices Assessed

made available to all of the outside world including Wall Street analysts. The news of its financial problems came as a surprise ...

Electronic Commerce Accounting

and shipping systems are all in-house systems working on a companys intranet, while the vendor information sent in the form of a s...

Visions Instruments Company Accounting Case Study

Fixed costs Rent 15,000 15,450 15,914 Power 1,000 1,030 1,061 Dies 10,000 10,300 10,609 Maintenance 3,000 3,090 3,183 Supplies ...