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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...

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...

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...

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...

'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 ...

Accounting Bodies in the UK

such as taxation, accounting, auditing, business finance and financial reporting. The second stage moves onto the more advanced su...

Gunther/Death Be Not Proud

A 3 page book review of John Gunther's memoir of his son's illness and death. The title of this book is drawn from John Donne's Me...

Measuring Value in Publicly Owned Organizations

This creates the need for accountability in the way the funds are used (Barker, 1999). It has been argued by many that the most a...

Interview with an Older Woman

experience as a woman in the workforce, her thoughts about the struggle for civil rights, and technology as perhaps the most appro...

Designing an Interview

a woman in the workforce, her thoughts about the struggle for civil rights, and technology as perhaps the most appropriate. This i...

An Evaluation of Australia's Corporation Law Reform Program

balance the law seems to be fair, there are some stringent requirements which hinder the process of doing business. In evaluating ...

Description of Intangible Assets

al, 2003).Goodwill is the sixth, this is the value of the good will a company has from all of the clients and suppliers, this can ...

Accounting Profession and How to Be an Accountant

versatile in that they perform all types of general and specific functions, and may work virtually anywhere (Accountants and Audit...

The Death of Ivan Ilyich by Leo Tolstoy

one part of the dying process involves anger. However, in this case, Ivan is seemingly too extreme for his behavior to be explaine...

Korea Cloning in the Peer Pressl

One of these articles, the primary research article, is "Dogs cloned from adult somatic cells" published in the November 21, 2005 ...

Review of the Text Managing Finance for Quality

helped to who how TQM could be used in terms of accounting price in order to increase value in a firm and increase the profit or t...

Audit Documentation Standards

& Fischbach, 2002). Another requirement is that the documentation must meet effectiveness tests (Wittington & Fischbach, 2002). Al...

Article Analysis and Practical Applications of Ethics

or private practice, we agree and understand that our ethical conduct overrides all other considerations" (p. 4). While this may s...

Accounting and Corporate Effects of Business Failures

in accountants and the way accounts were prepared was being shaken. The entire financial basis of the stock markets requires tha...

Fraudulent Financial Statements and Detection Through Techniques of Data Mining

In seventeen pages the ways in which data mining can detect fraudulent financial statements in auditing and accounting businesses ...

Telecommunications, Value Chain Function, and Cost Drivers

industry value chain as well as the internal value chain aligned with a firm (Securing & Goldbach, 2002). In other words, the valu...

One Graduate's Commencement

learn. Body First of all, my family, back in Japan. My family members were vitally important to me while I was studying. Bet...

New Business Accounting System Establishment

in the business balance sheet, a sample of which follows. Sample Balance Sheet Assets Cash And Cash Equivalents 0 Short Term Inv...

Purchasing Parity Theories

can look at the price of butter (or any other good) in the United States and in Europe; * D=US$/?(Euro) * Abiding by this law of o...

Case Study of Ineos Cholr

of a division, on the top of the division is the percentage change in the quantity demanded, (the percentage change in the number ...