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Essays 241 - 270

International Financial Reporting Standards (IFRS) and US GAAP; The Impact on Accounts

IFRS will face a number of barriers, even these Securities and Exchange Commission (FTC) has backed the convergence between the US...

Bight Home Builders Case Study

ahead, he may be held personally accountable for any inaccuracies. In addition to this there is talk of the Chinese government ado...

Evaluating Caltron's Accounting Practices

secondary public stock offering in early February following the current reporting period. Managements concerns should lie with de...

Leaving Variance Analysis Behind

Walker (2005, p. 43) presents a scenario to which she applies variance analysis. Though variance analysis techniques can be used ...

International Accounting Convergence; IFRS and US GAAP

rely on information flow and also trust. Annual accounts are a major tool used by potential investors to assess an investment. Alt...

Independence and Auditing Rules

In a paper consisting of seven pages the SEC auditing rules' changes and the Big 5 reactions to them are discussed in terms of acc...

Robert Simons' Levers of Control

In eight pages the 4 control levers described in Simons' text are considered from the vantage point of accounting. There are 2 so...

Marginal Costing and Absorption

In twelve pages activity based marginal costing and absorption are discussed through a basic description followed by a more detail...

Financial Projections

to itself. However, there are costs when using funding from reserves, there are opportunity costs. If the money is taken out of th...

Factors Influencing the Effectiveness of Internal Audit in the Public Sector

impact on effect of audits we can look at each individually. 2. Accounting system in the public sector In any public-sector ther...

United Group Limited, Woodside Petroleum Limited and Babcock & Brown Limited

to United Group Ltd. As part of the growth there has been a strategy of acquisition, companies acquired which have added r...

Accounting Services’ Computerization and How the Industry Has Changed

in the New Millennium). Computerized records not only eliminated the constraints imposed by these paper reports generated only at...

The Value of the NKT Accounts to Help with Decision Making

although annual reports can be very useful documents not only ion reporting results and potential strategies which may be relevant...

Responsibilities of the Security Manager with Regard to Understanding Financial Management and Accounting

participate in state projects in the projects various phases: initiation, planning, execution, controlling and closing (McMillen 2...

THE CASE STUDY OF APSP

This 3-page paper focuses on the fictitious APSP, why it's setting up its fiscal year from July to June, and what accounting polic...

Accounting Questions

of its economic life. The historical cost convention can result in some difficulties, as some assets will be written off, but may ...

ACCOUNTING CASE STUDY

from a financial institution) is important, as a strong credit history means that financial institutions know the company will pay...

SAFC 7; Using Cash Flow Information and Present Value in Accounting Measurements

This 3 page paper looks at the FASB statement of financial accounting concept (SAFC) 7 which deals with the measurement of future ...

Assessing Financial Statements: GM, Home Depot and Billabong

and expenses are recorded according to when they are earned and incurred" (Financial Accounting, n.d.), regardless of when the cas...

ACCOUNTING STAFF IN A SOLE PROPRIETOR SET-UP

money could seriously harm the business in its earlier days. Diligent record-keeping, on the other hand, will help the pro...

Budgeting Case Study; Explaining Variances

these is food; this appears to be well under budget with 300,000 budgeted. However, sales were lower than expected, and food is ex...

Is An Improved Conceptual Framework Is Likely To Enhance The Capacity Of Users To Make Sound Financial Allocation Decisions?

scenarios to those mentioned above are to be avoided and increased clarity is to be achieved. However, it may be argued that many ...

Revenue Recognition at Carlton; A Case Study

system that has not been sent out and the purchase is under a bill and hold arrangement. The company have paid $175,000 against a ...

An Application of Activity Based Costing

2007; Vieceli, 1999). This is a system that often takes advantage of new technology, the ABC system will identify the act...

The Benefits of Activity Based Costing

process of manufacture where there are at least a sequence of at least two activities required for the production of the product o...

Accounting Concepts and Reading Accounts

by the period over which it is creating revenue. For some items the historic cost is not a suitable measure. For example, building...

CRISES AND CHANGE IN ACCOUNTING STANDARDS

accounting theorists and professionals should be very wary and skeptical of the immediate reaction to make changes to an accountin...

On Your Mark's First Annual Stockholder Report For Its' Stakeholders

In the coming years the firm will be pursuing an aggressive growth strategy to acquisitions and/or new products are likely to be s...

IAS 37

an agreed payment date (IAS Plus, 2008). Where there is a provision made this is not presenting a certainty, just a probable even...

Rio Tinto

to the company and also gives them a much easier route to withdraw should then need to do so. Rio Tinto use their bargaining power...