Upgrade Your Account Now Essays and Term Papers
Last update: December 3, 2015-
Enron’s Accounting Malpractices
HT120095 - Accountants in the profession [Type the author name] 10/16/2015 Table of Contents 1. Abstract: 3 2. Introduction 3 3. Demise of Enron: 5 3.1 An admired company 5 3.2 What led to fall 5 3.3 Failed Check and Balances 7 3.4 Breach of accounting and ethical conduct 7 3.5 Board of Directors 8 3.6 Corporate Culture 8 3.7 Lessons Learnt 9 4. Conclusion: 10 5. References: 11 1. Abstract: This case is about
Rating:Essay Length: 3,601 Words / 15 PagesSubmitted: May 1, 2018 -
Accounting Notes - Revenue Recognition
Chapter 35 – Revenue Recognition (Wk 1)*** Recognition Process of including an item in the F/S of an entity (GAAP criteria need to be assessed carefully to ensure that revenue is recognized appropriately) Revenue from Contracts with Customers (IFRS 15) Step 1 – Identify the contract Contract – agreement between two or more parties that creates enforceable rights and obligations • May be written, oral or implied by an entity’s customary business practices Contract must
Rating:Essay Length: 1,480 Words / 6 PagesSubmitted: May 9, 2018 -
Wairarapa Water Solutions Ltd - Accounting Management
Executive summary Wairarapa Water Solutions Ltd produces three types of water tanks: Watercatcher, Watersaver and Waterpure. ‘Material X’ and labour are required to produce each tank. Demand for the water tanks is high, Material X is in short supply and it is not possible to expand the staff. This report presents a cost-volume-profit analysis that indicates whether supply of Material X or current staffing levels will constrain the business from meeting its expected demand; the
Rating:Essay Length: 1,726 Words / 7 PagesSubmitted: May 16, 2018 -
Sunkick Accounting Policy Recommendations Regarding the New Franchise Operations
To: Wendy Torrence, Controller From: CPA Re: Accounting policy recommendations regarding the new franchise operations In the current fiscal year, Sunkick has started selling franchises. Ray Mack has also implemented a new bonus program where senior management will receive a bonus based on the percentage increase in net income year over year. As such, our accounting policy choices will impact the senior management’s bonuses. Initial franchise fee Issue: Sunkick is charging an initial franchise fee
Rating:Essay Length: 1,795 Words / 8 PagesSubmitted: May 23, 2018 -
Account for the Collapse of the Romanov Dynasty
Account for the collapse of the Romanov Dynasty The Romanov dynasty was the second dynasty to rule Russia and 300 years later a combination of several factors led to the demise of this Dynasty. Absence of leadership and military skills in Tsar Nicholas proved to be detrimental for his dynasty and family as it inflamed the abdication of the Romanovs. The Tsars autocratic rule and the lack of power people in Russia had as a
Rating:Essay Length: 882 Words / 4 PagesSubmitted: June 8, 2018 -
Financial Accounting Theory
Introduction Conceptual framework is a statement of generally accepted theoretical principles which form the frame of reference for financial reporting. These theoretical principles provide the basis for the development of new accounting standards and the evaluation of those already in existence Conceptual Framework of Accounting. The Elements of Conceptual Framework 1) Objectives of financial reporting. 2) Qualitative characteristics of accounting information. 3) Elements of financial statements. 4) Recognition and measurement in financial statements- assumption, principles
Rating:Essay Length: 2,410 Words / 10 PagesSubmitted: July 1, 2018 -
Accountable Forms and Terms
SPECIAL PERMIT TO TRANSFER (B.C FORM NO. 43) DEFINITION: * A permit that provides descriptions and format requirements for each data element contained within a transaction record authorizing a permit to transfer (PPT) movement. PURPOSE: * To transfer cargo from one vessel or conveyance to another vessel for further transit to complete the voyage and carry the cargo to its final destination. INFORMAL IMPORT DECLARATION AND ENTRY (B.C FORM NO. 177) DEFINITION: * A form
Rating:Essay Length: 1,172 Words / 5 PagesSubmitted: August 30, 2018 -
Accounting Issues to Be Addressed and Recommendations
Michael Lao – 100320021 ACCT 4120 – R10 MEMO To: Wendy Torrence, Corporate Controller From: Michael Lao, Assistant Controller RE: Accounting issues to be addressed and recommendations Accounting Issues Considering how Sunkick has started selling franchises this year, there are several accounting issues that need to be addressed. In general, appropriate accounting policies need to be put in place to ensure proper transactions are made. The new accounting policy choices will impact the amount the
Rating:Essay Length: 1,119 Words / 5 PagesSubmitted: September 22, 2018 -
Accounting Personal Review Essay
Name: Nguyen Thuc Ngan Review assignment: Accounting Through the basics course of accounting, I would like to sum up the point that I can learn through course. In the first place, I can learn how to get used to financial figures that I haven’t known about it. I can learn how to image the business activities, how to be familiar with financial statement in order to know more about operation of the company. In the
Rating:Essay Length: 447 Words / 2 PagesSubmitted: September 24, 2018 -
Accounting Ethics
Corporate Governance is system of rules, practices and process by which a company is directed and controlled. It is significant for a company to have a good corporate governance in order to manage and operate successfully. After corporate scandals involving large public companies in early 2000s. Sarbanes-Oxley Act was created to regain public’s confidence in the market. I think after the SOX was enacted, it did good job to tighten the loopholes for public companies
Rating:Essay Length: 508 Words / 3 PagesSubmitted: March 13, 2019 -
Introduction to Financial Accounting
1. Introduction to Financial Accounting Accounting is the process of identifying, measuring and communicating economic information to assist users to make decisions. * Financial accounting: periodic financial statements provided to external decision makers * Management accounting: detailed plans and continuous performance report for internal decision makers * Accrual accounting: an income statement reports revenues and expenses * Cash accounting: A cash flow statement reports cash inflows and outflows (only occur when cash is paid or
Rating:Essay Length: 10,213 Words / 41 PagesSubmitted: March 15, 2019 -
Accounting in Organisations and Society (acct1046).
Accounting in Organisations and Society (ACCT1046) Topic 1 Notes * What is Accounting? The provision of information about the use of resources and resulting performance of an entity, to stakeholders – both internal and external, (anyone with a vested interest in a business) * Provision of Information, Accounting Information may be: * Financial or non-financial * Objective or Subjective * About the entity’s internal activities and processes * About the entity’s customers, suppliers, competitors *
Rating:Essay Length: 501 Words / 3 PagesSubmitted: March 19, 2019