Society (k) is a social enterprise that trades to support a community’s environmental, economic, and social welfare. This kind of organization declares the following items: and the environmental mission to benefit the public; has to declare a substantial level of income reserved to the work of charity; the company has to reinvest most of the profit to fulfill the organization objective. Social enterprises have private ownership to enable independent authority and can wind up operations after attainment of objective. The duties of a social enterprise go beyond the observance of corporate social responsibility since it is an integral Continue reading...
Essays on Accounting - Page 2
Free Sarbanes-Oxley Act Article Review Example
Accounting control system ensures accuracy and reliability of information required by management for decision making. Accuracy and reliability of information is a prerequisite for management especially when an organization start becoming complex. Reliability and accuracy of information depends on how well the information reflects the economic events which t is based on (ACC, 2014). The financial statements should reflect the fair view of the status of the organization. This means that they have to be accurate. This accuracy can be verified through audit function, accounting information system and the internal controls. A Board of Education is part the management Continue reading...
Example Of Business Plan On Nerd Patrol
This report shows the purported business plan of Nerd Patrol, a partnership business formed by three friends- John, Mary and Nabil. The business will be on hardware and software services, debugging, networking and franchise sales. The strategy to be adopted by the company would be using innovativeness in creating top quality for clients. Financial discipline would be adhered to. The long term goal of the business is to grow and start manufacturing innovative hardware components and software programming. Each role of active and passive managers is spelt out in this report. Employees would constitute of four units – computer engineers, Continue reading...
Good Essay On Naked Economics
Economics is the study scarce resources and how they scarce resources are distributed among the competing human wants. The focus has for long been base on the historical resources and factors of economic distribution without taking into consideration accruing changes on the subject issues and the bare truth underlying the study. To this, second world economists with different interpretations of the subject matter have risen with a new perspective on economic issues. Charles Wheelan in his book Naked Economics looked at some of the economics issues that other economists have not talked about or overlooked in one way or Continue reading...
Essay On Control Procedures
Control procedures in accounting entail steps and measures that a company’s uses to ensure that the financial reports received are valid and accurate. Organizations observe control procedures to minimize and identify the cases of accounting fraud. Furthermore, companies need control procedures in accounting to ensure that they forward accurate financial statements to tax agents. Control procedures ensure that the firm’s bookkeeping process remains transparent. The paper identifies various control methods used in accounting practice.
The first control measure in accounting entails checking organization’s reports to ensure to ascertain the validity of the entered data. Accountants perform Continue reading...
Repair Section Analysis 4 Report Samples
Management Accounting for Business Decisions
This report is very important from the management’s point of view because of the reason that it thoroughly focused on all the major organizational structure, system and the policies of the business. In this report, full analysis of the repair segment, conversion segment, administration department, existing services and inventory management procedures has been made. Moreover, weak areas have been identified, and full recommendations have been made at the ending part of this report in order to convert the weak sections into the stronger section. Overall, this report will provide a clear cut guideline regarding what is Continue reading...
Eliminating Irrelevant Data Case Study Samples
The case dwells upon a decision, which is to be taken by the Global Positioning System Navigator (GPSN) Manager Wally Wizard at the largest automobile manufacturer in the United States, Behemoth Motors Corp (BMC). The scope of the decision looks at two alternatives: 1) in-house production of 8,000 units of GPSN per months to be installed on the Sports Utility Vehicles (SUV), and 2) outsourcing of this production volume to reasonably new Far East Enterprises (FEE) Company under the terms of two-year contract. There are three critical aspects that should be considered as part of the decision-making process: Continue reading...
John Mclane Research Paper
Deciding on Accounting Major
If I had to decide on the accounting major to pursue, I would choose to be a forensic accountant. This major of accounting deals with the investigation of potential frauds within a company, or prevention of fraudulent activities from occurring. Forensic accountants are also commonly known as fraud investigators, investigative accountants, forensic auditors, or fraud auditors. Of all possible accounting majors, this one attracts me the most due to a number of reasons, including the history of this major, the variety of potential employment places, the nature of the job itself, and the knowledge and Continue reading...
Good Example Of Networking Essay
The interview with Mr. Winston was very helpful to me. I learnt a lot that could be of assistance to me. As Mr. Winston said, that people in the business field ought to be good time managers. He explains that his success in school, work and business is attributed to one important skill he learnt in school, and that is time management. Mr. Winston`s day starts at 3.00 AM and ends at 10.00 PM daily since he joined high school. Secondly, networking was the key in helping him secure for a job in Ford. He cited one point Continue reading...
Example Of Essay On Cigarette Smoking
In most nations of the world, the act of smoking is mostly an individual decision. Though there are social circumstances that push an individual to smoke, it is in essence of a personal decision. Cigarette smoking has adverse health effects both on individuals and the social health indicators, as well. As it will be argued below, most of these negative health indicators can be eliminated by minimizing smoking. Most governments under the advice from the World Health Organization have imposed excise duty on cigarette smoking. From an economic perspective, the governments will end up making massive profits, and as Continue reading...
Good Article Review About Sarbanes-Oxley Act And Auditing
Sarbanes-Oxley Act is an act by the United States congress in 2002 aim at protecting investors through corporate disclosures accuracy and reliability. It mandated strict reforms aimed at improving financial disclosures and possibly prevent accounting fraud. The scandals of early 2000s such as Tycoon, WorldCom and Enron predicated the enacted of SOX. These scandals shook investor confidence, and an overhaul of regulatory standards was required. The SOX Act outlined rules as well as enforcement policies, which amended or supplemented existing legislation. There are two key provisions of the 2002 Sarbanes-Oxley Act which are section 302 and section 404. Section Continue reading...
Free Thesis About Non-Governmental Organization Management
Differences between National and International NGOs -
A Case Study of the US, Bahrain and India
Non-Governmental Organizations or NGOs have become influential actors of societal development and change on a national as well as international scale. Beginning as non-governmental consultants to the United Nations, the number of NGOs across the world has witnessed exponential growth since the 1980s. Although most people understand what an NGO is - the name itself makes it very clear that these are organizations that are not government run – there is little consensus on what may be described as key characteristics of an NGO. As Continue reading...
Education Is Our Passport To The Future, For Tomorrow Belongs To The People Who Personal Statements Example
- Malcolm X
Though Malcolm X is very controversial figure in the history of twenty-first century, I think no one will argue about his words on education. What is more, from Socrates to Shakespeare, Plutarch to Albert Einstein, Aristotle to Henry Ford, prominent minds of human kind stressed the importance of education. Their words still linger nowadays, because education, in one way or another, will always be important for personal growth and open-mindness, a mean to succeed and build your life, and become a valuable for both oneself and the society.
Nevertheless, the complete understanding of it came to Continue reading...
Ethics Case Study Examples
The Background and the legal process
Brazos manufacturing company is an internationally acclaimed company that deals in spare parts of reputable automobiles. The company has a large organizational structure that deals involve several employees. It has many Vice presidents, an Executive vice president and a president. The executive vice president is in charge of the operations of the company. The vice presidents of the companies were requested to cut their costs. The Executive vice president continued with his flashy lifestyle. He attended the most expensive Italian restaurant in Los Angeles.
The company controller, Jack noticed the executive vice president fraudulently used the company’s resources. Continue reading...
Free Articles Summary Article Review Sample
The article sheds light on how large corporations such as Enron and WorldCom have been involved in malpractices related to the way these corporations were run. Both Enron and WorldCom were guilty of ignoring the demands of the stakeholders. Therefore, there is a strong need for major changes in the way such corporations are run, and for environmental and social factors to be kept in mind. One way of pleasing all parties is through a process called Socially Responsible Investing or SRI. SRI does not mean that businesses ignore the financial side of things and safeguard social and environmental Continue reading...
Free Essay About Accounting Concepts
The role of each of the financial statement is explained hereunder:
Also known as Profit and Loss Statement, income Statement, indicates the net profit or loss of the company during the year.
Also known as the Statement of the Financial Position, Balance Sheet provides information about the financial position of an entity at a given date. Balance Sheet consist of following items:
It works on the principle of Assets= Liabilities+ Equity
Cash Flow Statement:
Cash Flow Statement provides information about actual cash transactions in the entity held during the year. The movement of cash Continue reading...
Retail And Channel Management Business Plan Example
GUARDIAN ANGELS FASHIONS
Guardian Angels Fashions is a modern clothing retail outlet that deals with youths’ attire. This retail outlet will deal with the upcoming youth fashions, and thus this will make it fulfill the uniqueness criterion. The target customers for Guardian Angels Fashions are the youths who dominate in the society. Youths value the upcoming fashions in the clothing industry, and thus this retail outlet aims to utilize this opportunity by providing these basic commodities to them at pocket friendly prices. Over the next four years, Guardian Angels Fashions outlet aims to expand its operations up to the national Continue reading...
What Is Integrity Critical Thinking
Warren Buffet, who is the Chairman and CEO of Berkshire Hathaway, stated "In looking for people to hire, look for three qualities: integrity, intelligence, and energy. And if they don’t have the first one, the other two will kill you" (Anderson 2012). Indeed, integrity is that special virtue of one's character that makes a person trustworthy to others. Integrity is the very foundation of principles and values that form the core of a person. Integrity means adherence to moral and ethical principles and the path of honesty. Integrity is extremely valuable and has become a rarity in Continue reading...
Example Of Book Review On Peoples Issue
Summary : Managing business ethicsLinda K. Trevino & Katherine A. Nelson. Wiley; 5th edition
Chapter 4 – Addressing individuals’ common ethical problems
Ethical issue when people work together (privacy, discrimination, sexual harassment or simply how people get along. Key is fairness meaning equity, reciprocity, impartiality
- Equitable is when something is divided between 2 people according to the worth & inputs of the 2 individuals. Most people think it’s unfair when 2 people have performed the same duty but receive a different share of the reward
- Reciprocity: “if you do this for me I’ll do this for you”. Most ppl think it’s unfair if one Continue reading...
Sample Research Paper On Audting
Summary of a Staff Accounting Bulletin No. 94 and an FASB Exposure Draft
Part 1: Own words summary of the accounting treatment to a non-accounting major
The aspect of accounting is fundamentally conceptualized on the basic principle that an entity owned for commercial purposes (capital) added to an entity held but owed to someone else (liability) yields a total sum of an individual’s owning (Assets) as at the particular time of carrying out the evaluation. This represents the basic accounting principle of Capital+ Liabilities= Assets from which other accounting principles arise. For purposes of establishing an individual’s true worth in the context of asset ownership, liabilities are deducted from the Continue reading...
Changing Role Of The Management Accountant And The Use Of Financial Information Case Studies Example
Introduction to Management Accounting
The management accounting and the financial accounting provides the fundamental base for presenting the organizations' past, present and the future performance. However, financial accounting deals with preparing financial reports under the strict regulations of the country specific generally accepted accounting principles and follow the reporting regulations of the stock exchanges. The financial accounting provides information regarding past years' performance and it is primarily used by the stakeholders .
On the contrary, management accounting plays an active role in planning, preparing budgets, assessing performance, evaluating reasons for variances, taking control actions. Along with this, management accounting involves decision making related Continue reading...
Accounting Essay Example
FASB creates rules for reporting the accounting standards for private and public sector companies. SEC, on the other hand, creates rules to protect the interests of investors, facilitate capital formation and maintain efficient market. Let’s say both the companies do not exist. In such scenario, some of the companies may try to report their earnings in a way to show more profit than actually is. Even it will be difficult for investors to compare two companies by merely looking at their financial statements as each company may use their own financial and accounting standards and variations. Without accounting Continue reading...
Free Applicable Financial Reporting Framework Business Plan Sample
Business Plan - Construction Plan
Business Plan - Construction Plan
This report presents a business plan for a construction company. The report includes a description of the business type, products and services involved and the chart of accounts, which will be used while keeping in view the nature and requirements of business activities. In addition to this, a discussion pertaining to the applicable financial reporting framework and the pro forma financial statements have also been presented, which include the balance sheet and income statement of the proposed business. Apart from this, the report also takes into account the internal control procedures, which will be Continue reading...
Freddie Mac Accounting Scandal Essay Examples
In the early years of the 21st century, accounting scandals usually involved major private organizations such as Enron. However, all that changed when Federal Home Mortgage Corporation (also called Freddie Mac), the second largest financer of mortgages, came under the microscope of the authorities including the United States Justice System. The SEC believed that Freddie Mac had irregularities in its accounting procedures, and therefore, decided to investigate the mortgage giant. Freddie Mac was a government sponsored organization that came into being in the year 1970. The organization was set up to promote home-ownership, and, at first, Freddie Mac functioned Continue reading...
Good Research Paper About Human Resource Management: A Perspective Of Ozero Dessert And Tea Co
Evaluation of Personnel Policy at Ozero Dessert and Tea and Recommendations
A personnel policy is a plan of action and group of proposals that act as a reference for managers and supervisors in dealing with their employees. The strategic human resource management means that human resource policies and practices, which produce employee competencies and favourable behaviours, must be planned and well executed. The human resource manager requires a practical way to translate the company’s strategy into the necessary employee competencies and behaviours.
This case deals with the human resource plan of Ozero Tea and Desserts, a small privately run business located in Little Tokyo, LA where I work. The Continue reading...
Managerial Accounting At Mars Inc Case Study Examples
The organization chosen for the purpose of this assignment is Mars Inc. The reason for choosing this organization is that my relative Mrs. Rachna Kapoor have been working as an accounting professional for 5 years in their Cost Accounting and Budget Management department in London, United Kingdom.
About Mars Inc.
Mars Inc. has been initiated in 1911, when Frank C. Mars prepared candies and started the Mars confectionary. The story of success began with the launch of many Mars chocolate brands, namely Milky Way in 1920, and continuing the similar story to register twenty nine chocolate brands as in 2014 .
The winning Continue reading...
Good Report On Why Net Profit Differs From Cash Flow From Operations
The reason for difference in Net Profit from Operations in the Income Statement and Cash Flow from Operations in Cash Flow Statement is because, both the financial statement follows different accounting principle. While the Net Income of the company is calculated by following accrual basis of accounting, the CFO is calculated by strictly following cash basis of accounting. In other words, if the revenue from a unit sold during December is expected to be received in January, the income statement will record revenue in December itself while no such entry would be posted in Cash flow from Operations. Hence, Continue reading...
Depreciation Essays Examples
The accountants use depreciation to match the expenses of the company with the revenue while spreading the cost of the assets over the asset life. There are numerous accounting methods being used in the world today; some companies use a method to manipulate its net income while others may use it to stimulate the economic conditions. But since the main objective is matching of the expenses with the revenues, the best method is the accelerated method of depreciation. This is especially helpful in the case when a machine is more productive in the initial years and its performance would Continue reading...
Good Example Of Essay On Exempt Job
The main training program that has been consistent in our company is learning strategy and assessment consulting. The company is known as Winmark Corporation, which mainly deals with retail brands.
This program is aimed at ensuring that employees are well trained for various activities that they are required to undertake. The program is supposed to bring employees together through definition of goals for each individual, as well as making the employees aware of the goals of the organization (Hoovers, 2013). The organization has come up with a plan on how duties should be undertaken by various employees in the Continue reading...
Good Example Of Essay On Optimization Portfolio
Finance and accounts are two different fields from each other and both of these fields are important from different standpoints in particular. Accounting is the name of recording the day to day transactions while finance is the name of articulating the accounting data and utilize them at a place from where the likelihood of earning would be on a higher scale.
The field of finance is full of different concepts and models and among them, the name of investment management is one of them. Investment management is basically a concept in which the investment of an individual or a Continue reading...
Good Example Of Alcans It Management System Case Study
Alcan has no centralized IT management framework. As a matter of fact responsibility of IT is shared among various business groups. Every business entity functions independently with its own strategic IT plan, infrastructure needs, IT applications and services. The needs of the specific business group determine the IT objectives pursued by the organization. This culture of autonomy has been reinforced by mergers and acquisitions in its lifetime.
Autonomy in the management of IT services can be beneficial as well as detrimental. A decentralized management of IT services gives the organization absolute fief to design and tailor its IT services Continue reading...
Sample Research Paper On Court Judgment
The present day corporate world is well aware of the increasing cases of accounting fraud. Governments and regulatory bodies are finding themselves in embarrassing situations after corporation’s collapse, even after receiving a clean bill of financial health from their auditors, a landmark case being that of Enron. These incidences have led to the accounting regulatory bodies, securities regulatory bodies and other government institutions mandated with the regulation of the accounting profession to demand that auditors are accountable for their actions or omissions in the performance of their duties. In the case study below however, there is a conflict Continue reading...
Managerial Accounting Concepts And Principles Research Papers Examples
a. Purpose of Managerial Accounting
Managerial accounting is the process of preparing accounts and management reports that provide timely and accurate statistical and financial information. Managers require such information in making short and long term decisions (Wild, Shaw and Chiappetta, 2013). Unlike financial accounting that produces annual reports used by external stakeholders, management accounting generates reports means for an internal audience and use.
The objective of management accounting is to improve on the effectiveness of both control functions and management planning. Management accounting serves four functions; cost control, cost evaluation, management planning and performance evaluation. It provides information to Continue reading...
Free Governmental Accounting Essay Example
Which fund types are included Fiduciary Net Assets?
Financial assets of Chicago on Fiduciary net assets contains a number of funds, some of the funds included under assets are cash and those funds that are equivalent to funds. There are liabilities where voucher warrants that are payable and security lending. Finally, funds accounted for an agency along the normal statements (David, 2012). The sum gives the net position of held trust of employees and the total of net position.
Do Agency funds form part of the Statement of Fiduciary Net Assets?
The statement on fiduciary includes agency funds. Besides the normal accounting statement, there are calculations on agency. Under the explanation of the statement, the additional elaborations on the Continue reading...
Accounting Information System Case Studies Example
Businesses always take effective strategies in order to ascertain the growth of the company. Businesses are made to increase the financial belongings in particular and mitigate the inline expenses. Accounting and finance are two different things and provisions from the standpoint of an organization and the aspect of both of these things are important and significant from the standpoint of an entity .
Effectively managing and controlling the things are some of the important provisions from the standpoint of an entity. Therefore, operational department is one of the most integral and important departments from the viewpoint of Continue reading...
Security Improvement Research Paper Example
It is a great honor working together with your department in conducting this research and coming up with solutions, and strategies that fit to be put in place in improving border security. Upon completion of the research, I made a detailed report containing the findings and recommendations.
The report contains information on the findings as well as recommendations on the measures that need to be put in place in improving border security. There are two key recommendations made in the report which are; increasing the number of security personnel on the border points as well as increasing the border Continue reading...
Free Airline Distribution System Case Study Sample
The changes in the global economy, the progressing state of the emerging countries that resulted to the increasing middle income consumers, and the development and spread of the internet technology impacted the ticket distribution system of the airline industry. The airline companies developed new and more cost-efficient ways of selling and distributing air tickets to be price competitive and at the same time to survive the intense competition in the industry and the economic struggles especially in North America and Europe.
The global distribution systems (GDS), was the most common and prevalent system of airline ticket distribution in the Continue reading...
Free Essay About Accounting
Understanding the Cash Flow Statement
The cash flow statement is the financial statement which provides information beyond what is available in other financial statements i.e, Income Statement and Balance Sheet. Cash Flow Statement provides following information to its users:
- Complete information about the company’s cash receipts and cash payments during an accounting period.
- Information about a company’s operating, investing and financing activities.
- An understanding of the impact of accrual accounting events on cash flow.
There are two methods relating to payment of cash flow statements, namely:
- Direct Method
- Indirect Method
Although, both the methods are permitted under US GAAP and IFRS and the difference in the two methods is Continue reading...
SAP Business Software For The Future Term Paper
SAP or Systems Applications And Products (German - Systeme, Anwendungen, Produkte) is software developed by a company with the same name started by former employees of IBM in Mannheim, Germany. The company, originally called Systems Analysis Program Development (SAPD) and later renamed as SAP, was founded in 1972. According to Dietmar Hopp one of the five co-founders of the software, they had worked together in IBM at Mannheim and created an atmosphere of team work. The concept of integrated information system was adopted and it evolved into the software called SAP. — the software facilitates management of all aspects of Continue reading...
Good Critical Thinking On The Role Of Management Accounting
Recently, the role of a managerial accountant is widely discussed in the scholars. Johnson and Kaplan (1991) argue that management accounting is “too late, too aggregated, and too distorted to be relevant for managers’ planning and control decisions” (1). Haedr (2012) considered the mediation effect of management accounting information on motivation using contingency theory stating that “MAI usefulness accounts for a full (i.e. complete) mediation effect only on the relationship between centralization and MCS effectiveness.” (n.p.). As the number of views cannot present a unified opinion on the matter, the purpose of the current paper to reveal whether the Continue reading...