Accounting Essays & Term Papers

213 total

Nicholas Alexander Bostic Period 5 11/24/97 Motorola The phone rings. Your pager vibrates off the bed stand. Your PowerPC boots up for the day. Your boss calls you on your cell phone claiming that you're late. The supercomputers that operate the streetlights in your neighborhood continue to keep your streets safe. If not for Motorola, none of these everyday occurrences would be possible. Motorola, Inc. is headquartered in Schaumburg, Illinois with other offices throughout Illi

Accounting Ethics When examining the effect of open marketing on the profession of accounting it is important to view it from three perspectives: the client's, the profession's, and society's. Additionally, two key areas that are affected by marketing must be addressed, these are concerning competition, and ethical implications. Marketing in public accounting is here to stay therefore making an argument against its existence woul

Economic Essay My topic is the increase if the taxes which Clinton Administration is planning. This increase in taxes will target "multinational Corporations, end the favored tax treatment of extra long term bonds", It will also raise capital gains taxes by "changing the rules for computing the cost basis of securities when they are sold at a profit". What this will do is increase the taxes for the rich and will decrease the difference between the rich and the poor.

Since the birth of this great nation in 1776, the United States has remained a dominant world power in many aspects. The American standard of living has been the envy of the world, powered by an economy rivaled by nearly no one. Our economy continues to be the rock with which the global economy can lean on, as evidenced by nations that rely on huge reserves of the dollar because of its stability as a means of settling international debts. Unfortuneatly, despite the solidity tha

Financial Accounting For Financial Services Assignment Money Laundering The word money laundering, according to the myth, is derived from Al Capone's practice of using a string of coin-operated launderettes in Chicago to disguise his revenues from gambling, prostitution and protection rackets. It's a nice story but not true, money laundering is so called because it perfectly describes the process of removing the stains and smells which money acquires when criminals

Over the past twenty or so years, great wealth and improved economic and social conditions have been promised to the communities that have embraced legalized gambling. However, with twenty years of experience it is time to look back and analyze whether this is true or not. It could easily be said that gambling is as American as apple pie. Gambling has shaped American history since its beginning. Lotteries were used by The First Continental Congress to help finance the

The soaring volume of international finance and increased interdependence in recent decades has increased concerns about volatility and threats of a financial crisis. This has led many to investigate and analyze the origins, transmission, effects and policies aimed to impede financial instability. This paper argues that financial liberalization and speculation are the most reflective explanations for instability in financial markets and that financial instabil

In accounting systems, certain controls are needed to ensure that employees are doing their jobs properly and ensure that the system runs properly. These checks are in the best interest of the organization. These controls come in the form of internal and external controls for the system. The internal controls are the checks that are placed in the system my the company's own management and directors. Today more and more companies are moving from the manual accounting systems to

Netscape Analysis Report Accounting 2 Honors I. History Netscape Communications Corporation, originally named Mosaic Communications Corporation (MCOM) was founded in April 1994 by Jim Clark and Marc Andreessen. They released their first browser products free to Internet users in September 1994. Jim Clark is chairman of Netscape Communications Corporation. Before founding the company, Clark was the chairman of Silicon Graphics, a computer hardware

Individual Retirement Accounts: Why bother? by William K. Outline Thesis: When planning for retirement, Individual Retirement Accounts offer several benefits; however, careful planning is essential to ensure that: upon retirement there is an adequate amount of money saved, that the heirs to the IRA are chosen carefully, and that unnecessary taxes and penalties are avoided. I. Upon retirement there is an adequate amount of money saved. A. How much

Contents 1. Introduction 2. What is Business Ethics? 3. The 10 Benefits of Business Ethics 4. Case Study on Nestle 4.1. The Impact of Business Ethics on Nestle 4.2. Nestle's view on Business Ethics 4.3. The Implications of Business Ethics on Stakeholders 5. Conclusion Introduction Businesses have power through their ability to spend vast amounts of money. They have the ability to enhance or change situations that the common individual does not. As organisations affect many people, they have obli

Today I am going to be talking about accounting. There are many different subjects that can be talked about in accounting. I am only telling you the two subjects that I think are most important. I chose what is accounting and who uses accounting information. What is Accounting? Many people might define it as hard or boring, but of course that is wrong, so here is the right answer. Accounting is the art of organizing, maintaining, recording, and analyzing financial activities

Now let’s consider a planning/decision-making problem within the Operations function that can be addressed by MBA graduates through Managerial Accounting. As was stated earlier, much of a firm’s Total Costs are attributable to the Operations function. These costs are revealed in Financial Accounting documents outlining costs such as the Income Statement. Suppose senior management has noticed a decrease in profits for the lemon-lime soda the firm produces. By examining the Financia

Accounting In General Gone is the old stereotype of an accountant with eyeshade and bifocals, sitting hunched back with a pencil in hand over pages of tiny figures. Accountants today come equipped with calculators, computers, sophisticated management techniques, and more often than not, advanced degrees. About 1 million accountants work in the U.S. and almost all of them work in the corporate sector. In the most basic terms, what accountants do is prepare and analyze financial repor

A college student decides she wants to become an accountant. General accounting and bookkeeping classes can be taken in high school. In college, the student needs to decide on a more specific field of accounting. An accountant has many choices as to what particular field of accounting to specialize in depending on the financial information she wants to analyze and how it is done. Financial accountants, tax accountants and internal auditors are all accountants in general, but requ

APPLICANT PLease use the following space to make a statement about your career plans and how this scholarship would be beneficial to you. This past year at Name of High School I placed an emphasis on excelling my knowledge in the business field, most importantly accounting. To gain as much knowledge as possible and to also gain experience, I took advanced accounting classes, and applied for a co-op job. I applied to the company name of company. After being hired I started working clos

Accounting IndustryThe role of accounting in the future looks good. Based on the articles I read, Management Accounting is going to be the wave of future for accounting. Because of new management techniques, accounting has become more vital to the company as a whole. Some of the new ways of management include total quality management (TQM), just-in-time (JIT) production and purchasing methods and activity-based costing. These various types of management styles pull accounting into the comp

Accounting The role of Management Accounting in the future looks good. Based on the articles Iread, Management Accounting is going to be the wave of future for accounting. Because ofnew management techniques, accounting has become more vital to the company as a whole. Someof the new ways of management include total quality management (TQM), just-in-time (JIT)production and purchasing methods and activity-based costing. These various types ofmanagement styles pull accounting into t

Thesis: An accountant has many choices to what particular field of accounting to specialize in depending on the financial information she wants to analyze and how it is done. Class: Accountants Special Interest: Analyzing Financial Information Subclasses: Financial accountants Tax accountants Internal auditors A college student decides she wants to become an accountant. General accounting and bookkeeping classes can be taken in high school. In college, the student needs to decide on a mo

Although human resource accounting is a relatively new field, its development has passed through certain stages. The first stage of development from 1960 to 1966 was marked by interest in the HRA and HRA concepts. The initial motivating factors for the HRA came from economic theory on human capital, leadership determining skills and a concern to develop humans as good sources of capital for companies. This leading to an increase in popularity and production from all those involved in

-MEMO-October 15, 1998To: Human Resource DirectorFrom: A Concerned EmployeeRegarding: The Accounting Department I am worker writing to you as a last resort. In the recent weeks I have come across a situation which I have given a lot of though to. It seems that the accounting department is reporting actual sales of a new a product that has not yet reached the marketplace. So as it is right now, the company looks more marketable than it actually is. I could not decide on whether or no

Accounting Project BAC 3AA Profile of an Accounting Department My interview with the accountant of Robin Hood Multifoods Inc. was one of the greatest interviews I have ever experienced. The person whom I interviewed was Mr. Jeff R. Scott. Jeff was a really nice person when I asked him questions. His desk was not as organized as I thought, because accountants are really organized. The reason is because he just got promoted from assistant controller to controller. As I asked him mor

As one of the most successful careers in the business field, accounting has recently thrived on a continually growing demand. If need for education and skill are met, the result is a rewarding and enjoyable work experience. Accounting is the study of how a business tracks its income and assets. It is the field in which a person is hired to perform reliably accurate and useful calculations to analyze the efficiency of a business. It is a field that has a high ladder and relies on many

Chapter 17 Accounting: process of systematically collecting, analyzing, and reporting financial information. Private accountant: employed by a organization Private Accountants provide the following services: General accounting: recording business transactions and preparing financial statements Budgeting: Develop budgets for sales and operating expenses. Cost Accounting: Determining the cost of producing specific products or services. Tax Accounting: Planning tax strategy and pr

The world today is in the computer age. Almost everyone now has a computer or access to a computer. Now that almost everyone knows how to use a computer, almost every business has one. Business’s before had to rely on people to do all the accounting by hand, and doing the accounting for a business used to take a lot of man-hours to complete. Business’s slowly moved into letting computers do a lot of the work for them, but they still had people to check on the computers because the

"A University should be a place of delight, of liberty, and of learning," remarked Benjamin Disraeli, an English author, as if he had Ohio University in mind as he placed his thoughts in writing. How could Ohio University help me achieve intellectual independence and assist me in my career goals? Being one of the finest establishments in the mid-eastern United States, Ohio University would allow me to fulfill my perfectionist ideals; I would be able to compete with the best and the

Synopsis This essay explore the definition of the term Double Entry accounting , its processes and procedures. I will examine the five step of the double entry method in detail, and will compare and contrast this method to that of single entry accounting. The analysis concludes that with a discussion of the advantages of Double Entry and the reasons why this method has survived for so long. After complete this Like most good ideas, the idea behind the double entry method is very simple. De

Chapter 4 — Recognition in financial statements Having defined the elements of financial statements in Chapter 3, the Statement of Principles turns next to their recognition. Whilst only items that meet those definitions should be recognised, not every item that does so should necessarily be recognised. Recognition is very important. Creative accounting often means recognising as an asset something which is not an asset. Definition Recognition involves depiction of the element bo

Right now I am preparing to graduate high school. I have worked very hard to earn honor roll grades, while working to save towards college. I have learned to set goals and work to meet them. I have chosen to attend a community college for two years while earning my general education credits. I then plan to go to Northern Illinois University to complete my education and earn a degree in Accounting or an aspect of business. In five years I plan to have graduated from Northern Illinois Un

In our society today, computer technology plays an important role in many form of business, especially in the field of accounting. As technology advances, not only does the use of computers penetrates individual's everyday life, it also helps to mange and improve many business operations from service, manufacturing to retail. Ken, an accounting graduate, works as an accounting clerk at Advance Manage, a service operation located in Markham, Ontario. The small business is in the form

Computers In Accounting Around a generation ago, an accountant s tools would probably have consisted of a pencil and sharpener, a hand-cranked calculator and a columnar pad. An electric pencil sharpener in those days was a high-tech accessory. Today the only one of those tools that you might find in an accountants office would be the pencil and sharpener. Replacing everything else are computers. Mostly personal computers (PCs), and their high-tech accessories and software products that do mor

protection because the total revenue did not exceed the variable costs that was incurred in the barial of people that wish to be baried in their cementary. Article #1 Date: November 2, 1999 Week # 1 Source: Toronto Star “Lowen posts small profit” This article deals with accounting principals in economics. In the past year this company has been fighting bankruptc The company is now operating with a profit. This shows that the company is covering their variable costs wit

The previous Russian accounting standards are still being used and creating much turmoil today. Financial statements are inaccurate turning profits into losses and changing losses into earnings (vice versa). One issue covered in the article was the strict enforcement of laws. The soviet central planners don't give accountants enough freedom for them to think for themselves. Instead of allowing accountants to set depreciation rates according to real wear and tear the state publishes a bo

Accounting Accounting is a career that offers many job opportunities and advancements, and will a little hard, work will inevitably lead to happiness and success. Accountants have different duties depending on the size and nature of the company where they are employed. Usually accountants prepare and analyze financial reports that polish up-to-date information for government agencies, businesses, and other organizations. The data accountants provide information that influences nearly eve

Accounting Project My interview with the accountant of Robin Hood Multifoods Inc. was one of the greatest interviews I have ever experienced. The person whom I interviewed was Mr. Jeff R. Scott. Jeff was a really nice person when I asked him questions. His desk was not as organized as I thought, because accountants are really organized. The reason is because he just got promoted from assistant controller to controller. As I asked him more and more questions, the answers that

ACCOUNTING THE LIFE-LINE OF THE BUSINESS WORLD Christian De Church Professor Hercer Communications 215 April 18, 2000 Introduction What goes on in business and other organizations? How are their activities carried out? Who is responsible for them? And, what part does accounting play? These questions and many more are often thought about by many confused and mislead business majors. The main purpose of accounting is to provide useful, reliable, and timely information to people who make rational

ACCOUNTING THE LIFE-LINE OF THE BUSINESS WORLD Christian De Church Professor Hercer Communications 215 April 18, 2000 Introduction What goes on in business and other organizations? How are their activities carried out? Who is responsible for them? And, what part does accounting play? These questions and many more are often thought about by many confused and mislead business majors. The main purpose of accounting is to provide useful, reliable, and timely information to people

Efficient Market Theory: A Contradiction of Terms Table of Contents Table of Contents i Abstract 2 Discussion 1-1 References A-1 Abstract According to the Efficient Market Theory, it should be extremely difficult for an investor to develop a "system" that consistently selects stocks that exhibit higher than normal returns over a period of time. It should also not be possible for a company to "cook the books" to misrepresent the value of stocks and bonds. An analysis of curr

INTERNATIONAL ACCOUNTING STANDARD The overall objective of an International Accounting Standard is to contribute to the understanding of international standardization of financial accounting. This standardization would result in an increased cross border comparability of financial accounting information. More specifically, the objective is to investigate the processes of international accounting standard setting in order to learn more about the existence and nature of factors and forces pro

Schools are instituitions that help us learn things passed on from generations to generations which is now part of our daily routine. Schools really do teach too much, in terms of the quantity of material taught. Many schools in this part of the world concentrate on teaching students to memorise large quantities of information. Later on comes the phenomena called "examination". Much of this is concentrated on the students' abilities to memorize and remember the information that has been taught

On June 30, 1999 the GASB passed statement number 34. Statement 34 establishes new accounting requirements for state and local governments that are scheduled to begin on June 15, 2002. There are three phases scheduled for the implementation of statement 34, each depending on the size of the government. The largest governments must meet the requirement first while the smaller governments have more time to comply with the statement. Statement 34 will improve the governmental accountin

Accounting Ethics This paper will discuss the public perception of CPAs in today's society, pitfalls that they may encounter, methods to prevent some of these negative behaviors and consequences they may face should they fall short. Most "Who Do You Trust?" surveys rank politicians, lawyers, and used car salesmen at the bottom and certified public accountants at the top. That is because the CPA profession has a squeaky clean image—stereotyped as harmless men who wear thick glasses,

Four Family Members I chose my mom because she has truly been one of the most influential persons on my life. I owe almost everything to her for why I am the person that I am today. She taught me manners, how to treat people and most importantly taught us boys about God. Those Sunday mornings I know it was hard for her to go to church without a husband, but she did it for us boys. The important things to her would be us boys and that she was a housewife for over 20 years. She has jus

In a conversation with Tom Hauck, we discussed about how technology has affected society. The way we live. The way we think. The ways we talk have all been changed by society somehow. He said The only lazy people I know today are those aching about not being able to find a 9-to-5 job! He talked about that the American society is becoming more TD, technologically Dependent. From the business community's point of view, technology has enabled us to do more in less time. That doesn't mean we

It is the responsibility of an independent auditor to plan and perform an audit of financial statements that will provide reasonable assurance of detecting errors and irregularities that are material in nature. According to the Financial Accounting Standards Board, the essence of the concept of materiality is: “The omission or misstatement of an item in a financial report is material if, in the light of surrounding circumstances, the magnitude of the item is such that it is probab

In this essay we have been asked to discuss whether or not we agree with John Watts when he says, Accounting is probably more powerful today than it has ever been. To answer this question we must consider accounting s power throughout history and compare that to its significance today. We shall start our answer by giving a brief outline of what accounting actually is then discussing its power throughout history. One of the most debatable concepts in accounting is what exactly accounting is.

Giovanni Boccaccio Boccaccio was born in Paris, in 1313, the illegitimate son of a Florentine merchant and a French noblewoman. Reared in Florence, he was sent to study accounting in Naples around 1323. He abandoned accounting for canon law and gave that up for classical and scientific studies. He took part in the life of the court of Robert d'Anjou, king of Naples. The king is supposed to have had an illegitimate daughter, Maria de Conti d'Aquino. Although there is no proof of her e

The primary means of communicating the financial effects of organizational activities and transactions of a company to outsiders is the financial reporting system. This reporting system includes communicating financial information through annual financial statements, as well as through reports filed with the Securities and Exchange Commission, voluntary forecasts, and other financial and nonfinancial releases. Financial statements are the main source of financial information conveyed to

This paper will discuss the public perception of CPAs in today's society, pitfalls that they may encounter, methods to prevent some of these negative behaviors and consequences they may face should they fall short. Most "Who Do You Trust?" surveys rank politicians, lawyers and used car salesmen at the bottom and certified public accountants at the top. That is because the CPA profession has a squeaky clean image--anal-retentive little wimps who wear thick glasses and cannot get a date. CPAs a

Synopsis The Corporations Law which came into effect in January 1991, has made substantial changes to the way business is conducted in Australia. Previously some illegal practices are now legal, and some legal practices are now deemed to be illegal. Under the Corporations Law finical statements have to be made out in accordance to the various accounting standards. AASB 1024 and AASB 1013 are two such standards. Both these standards have been through a reform process over the last few years, a