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Stock Options and FASB

were worth absolutely nothing. Because of this scenario, the FASB wants companies to value options, to provide shareholders with a...

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...

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...

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 ...

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...

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...

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 for Discretionary Costs with Specific Attention on Research and Development

many instances discretionary costs will be seen as general operating costs and expense within the existing period. In this respect...

Visiting Washington, D.C.

felt a sense of awe at the bravery of the men who climbed into that flimsy-looking structure atop a rocket that was very similar t...

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...

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...

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...

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...

Behind a Convict’s Eyes/Prison Life

sums up this code very well: Even if you do not feel tough enough to cope, act as if you are. Suffer in silence. Never admit you a...

A Visit to Philadelphia

almost unimaginable and the exhaust fumes practically overwhelming the uninitiated. There is a constant roar of cars and trucks, ...

Life in Prison from the Inside

are not always paragons of virtue; they may use methods of unfair intimidation against certain inmates while allowing the actions ...

Singer: Recriminalizing Delinquency

(Singer, 1996). The case was shocking for a number of reasons, but two stand out: Bosket was only 15; and he was already in care a...

The Relationship Between the Value of the US Dollar and the Price of Gold

we mean by monetary policy, as it is common for this to become confused with fiscal policy. Monetary policy is the way in which th...

The Tools of Capital Budgeting

control is described by the same organization as; "The establishment of budgets relating the responsibilities of the executives to...

Paperwork Involved in Business Startup

corporation is the regular one must file a variety of tax forms including Form 1120 or 1120-A: Corporation Income Tax Return, empl...

Accounting at Enron

aside through Enron stocks. The question here is, could an Enron have been avoided? What would a financial consultant (one...

Jesus of Nazareth's Life and Ministry

thematic content. The whole emphasis of the narrative in Matthew is on scriptures being fulfilled via the life of Jesus (Wright, 1...

Merchandising Businesses and the Importance of Computerized Accounting Systems

a concept of the past, information technology (IT) systems formerly were seen as repositories only of historical data used primari...

Improper Accounting Practices

derivative, why its typically used and how its typically used. Following that, we can go in depth into both Enron and Worldcom, an...