Essays on Entity

Contribution of entity theory to accounting practice

Entity theory was developed as a result of the inadequateness of the proprietary theory before it in explaining the treatment of a businesses assets and liabilities in relation to ownership. The proprietary theory had been developed at a time when the size of businesses was relatively small and the ownership was mainly sole proprietorship or partnerships with small number of partners. In this situation, the ownership of the business and its relationship with its creditors could not be adequately explained in accounting terms since the fact that a company is Continue reading...

Introduction

This paper entails a business plan outline for an e-commerce business which will operate under the name Decca Galleria. The business entails the sale of various forms of artwork which include paintings, assorted furniture, and many other similar antique products. This entity will operate entirely as an online business, which will target both local and international customers in its operations. The business plan for this entity is highlighted in this paper, and it includes an in –depth analysis of the various components that will influence directly the success of the venture.
According to Laudon and Carol (67), the e-commerce Continue reading...

Introduction

Amidst increasing globalization of markets and industries, it is natural for custodians of free-market distortions, to scrutinize not just companies at home country, but also foreign ones. This is applicable to not only national regulators such Federal Trade Commission (FTC) or the Antitrust Division of Department of Justice (DOJ), but also to international regulators such as the European Commission. These regulators must supervise mergers and acquisitions at their home territory as well as in other jurisdictions. So, it is not unexpected when, those mergers, which, initially seems to be purely American in nature, have been subject to intensive inspection Continue reading...

Income Statement:

The income statement reports the revenue and expenses of the firm over a period of time. The income statement is sometimes refered to as the statement of operations or Profit and Loss Statement. The income statement relies on the equation:

In other words, Income Statement serves the purpose of providing the investors and other users of financial statements with most appropriate profitability of the entity net of expenses incurred by the company. In an elaborated manner, income statement helps an investor to assess as how the business has performed by giving a summary of how the business incurs its Continue reading...

ENTITY RELATIONSHIP

In order to develop an entity relationship diagram, different aspects are put in place. To start with, we define the major business that needs to be automated. This forms the entities. Attributes are defined by the various storage fields and tables in the database. In the case of Celtic Analytics we are going to implement a data warehouse that bears the resemblance to a relational database system.
The process will involve the translation of ideas into sophisticated plan that will permit the development team to put together a relational data warehouse schema in lieu of the key functionality of Continue reading...

This is a unique kind of model that tries to illustrate the relationship that exists between data in a database. The construction of an entity relationship diagram always manipulates symbols to illustrate the relationship between the information contained in that specific database. The rectangular or box like figures are regularly used to represent entities, the diamond figures are normally used to illustrate the affiliation that exist between the information while the ovals are used to embody the elements. Hence in the literature below all this will be manipulated to illustrate what entity relationship diagrams constitute and how it’s Continue reading...

Introduction

Entities of health care recognize revenue for which a little portion of the total amount is billable or billed or the final collection is not assured reasonably at the time the services are rendered. There have been concerns raised by the constituents that these kind of accounting practices lead to gross-up revenue for unexpected amounts to be collected in the end. To add to it, due to the fact that entities of health care make their own decisions as far as bad debts and adjustment to revenues is concerned, the decisions are different from one another and it is Continue reading...

Jaarat (15) says that human resource is a vital entity in every business entity since it controls and directs other resources. The accounting department recognizes the human resource as an important asset in stating the financial position. Whenever there is, a lack of measurement in the use of the financial resource, the human resource in the company is accountable. According to Jaarat (15), a model for measuring and recognizing human resource in the statement of financial position can better the organization.
Jaarat (16) confirms that human resource is the most expensive resource in every business entity. This resource applies Continue reading...

Introduction

- Background of the Organization
In this paper, the Four-Part Model is applied in the context of the social responsibility activities of the Coca Cola Corporation. In this regard, the specific components of this model will be discussed, and the effects of their application within this organization will also be analyzed. The Coca Cola Corporation is one of the largest soft-drinks` manufacturer in the United States and the globe at large. The company`s operations are found in almost all the countries in the world, and its corporate social responsibility programs are also run parallel to the company`s Continue reading...

Generally accepted accounting principles

Health care financial management like that of other industries follows a set of generally accepted accounting principles (GAAP) regardless of whether it is for a profit or non-profit making organization. Health care organizations generate their revenues from delivering services and from the sale of drugs and medical supplies. Expenses in health care organizations normally include but are not limited to the costs related to labor and the purchase of drugs and medical supplies (Hankins & Baker, pp.412-413). These transactions have to be recorded according to the concepts of GAAP. The aim of this essay is therefore is to discuss the Continue reading...

PPP Contracting options

PPP, an acronym for public-private partnership, describes a venture that is financed and operated via a partnership between the government and a company in the private sector. In the contractual agreement, the private entity offers a public service and assumes a significant technical, financial and operational risk. For a contractual agreement between the government and the private entity, the following options are available.

1. Design-Bid-Build: - Firstly, an engineering design firm is contracted to establish guidelines on the required materials, equipment and the potential costs to complete the project. The private sector is then invited to Continue reading...

Introduction

Agenix Limited is a biopharmaceutical company based in Melbourne, Australia. Through its wholly owned subsidiaries, Agen Biomedical and Agenix Biopharmaceutical (Shanghai), the Company has a strategic goal of building and developing a line of therapeutic and imaging products, and this is evidenced by the company’s heavy investment in research and development as it seeks to develop new biopharmaceutical products appropriate for its market1. The company is listed in the Australian stock Exchange (ASX), having been listed in 1987. The company’s shares are also available the NASDAG.

Disclosure Index for Agenix Limited

Financial disclosure is the deliberate release of numerical or qualitative financial Continue reading...

INVESTMENT PROPOSAL

Executive summary
The business idea that is in effect for execution is founding a cleaning service business. A cleaning service business is a low-cost but detailed entity is engaged with a lot of expertise and capital formation to start up. In this case, a suitable title for this entity is Best Homes Cleaners. The cleaning service business entity is categorized as one of the most amazing low-tech businesses. The low level of technology is one of the factors that are encouraging the decision to invest in the sector of operation. Ideally, it will require a proper level of mastery Continue reading...

NATO has seen enlargement through its period of inception. Since its establishment in April 1949 with a mere half a dozen members, its current standing stands at nearly 28 members from different parts of the world engaged in defense and military alliance. However with the developments taking place and the end of the Cold War and Afghanistan invasion, the need has been felt for expanding the circle of members list of NATO. This decision would have its repercussions in multiple facets and all these must be taken into account. Each of the member state has its own views and Continue reading...

Integration vs. National Responsiveness

Integration vs. National Responsiveness

Introduction

This paper entails a critical analysis of the economic integration and national responsiveness activities of a multi-national company which operates in many countries across the globe. The company in question is the Coca Cola Corporation, whose mission statement summarizes its objective of operating in every corner of the globe. In this paper, a comprehensive analysis of the strategies that have been applied by the Coca Cola Corporation on the international scale will be discussed from the perspective of whether they entail economic integration, or national responsiveness. Accordingly, the paper will also compare the company`s Continue reading...

Please type your name here

Please type your Course name here
Please type your Institution name here
Introduction
The principle of profit maximization primarily focuses on the very fact that the fundamental motive of any business entity is maximizing its profits consequently maximizing the income of all of its shareholders. Maximization of sales, stock price, market share, and cash flow would all lead to profit maximization of the firm. Identification of the point where there exists the maximum difference between total revenue and total cost would help the firm in achieving the maximum profit. A few basic rules that would apply to this principle Continue reading...

American Needle, Inc. v. National Football League et al.

Issue

The main issue is to determine whether the NFL and its member teams is a single entity with respect to licensing of intellectual property rights.

NFL property, which was a company owned by the National Football League teams, gave Reebok exclusive license which gave them authority to be the only producers and sellers of trademarked headwear and other game necessities. American Needle was the initial holders of the production contract. Their license was not renewed. American Needle therefore took action and sued NFL, the member teams and Reebok on the Continue reading...

ERDs are used to represent logical relationships between entities. An entity is a person, object, place, orders, products, etc. Information systems recognize relationships between entities. For instance a customer entity can reveal several instances of an order, sales representative, location, among others.
Entity relation diagrams are essential in the design of relational databases. Using an entity relationship data model, abstract schemas are designed and denoted with various entities. Likewise, in object-oriented data model, objects are denoted with different classes with a provision that segregate functional primary data from processes that are involved in creation modification of such data. The Continue reading...

Introduction

Mayo’s Clinic is a health organization that is based in Rochester in Minnesota. It was founded in 1899 and has grown tremendously over the years. Today, it employs approximately four thousand physicians and scientists and 60 thousand allied health staff. Similarly, Erie County Medical Centre is a health organization located in New York City. It has a hospital facility with 550-bed capacity and more than thirty outpatient service centres. This paper seeks to analyse the financial viability of the two entities. In addition, it seeks to analyse the financial viability of merging these two entities. To this end, Continue reading...

Religious studies

A PHILOSOPHICAL DEBATE
Ever since the beginning of time, Man has strived to discover the secrets of the Universe. From Aristotle to Socrates to the modern philosophers, every curious mind has tried to divulge answers from Mother Earth in order to satiate their burning thirst for the knowledge. Philosophy has solely existed to answer questions related to reality, existence, values, reason and mind. Philosophy has been divided into many subcategories. They include metaphysics, ethics, logic, aesthetics and epistemology. Whereas logic is connected with reasoning, epistemology attempts to garner the nature and scope of knowledge. Ethics refers to the philosophy Continue reading...

ABSTRACT

For many years psychologist have studied athletes and what separates the successful from those who fall short. Carol Dweck’s work has helped Psychologist’ and athletes treat a major limiting factor, mindset. In a fixed mindset talents are considered innate. A growth mindset focuses on developing ability and talent through experience. Dweck’s research shows that people who have a fixed mindset reject learning for fear of displaying their shortcomings. Those with a growth mindset embrace acquiring new skills through learning and experience. This work is especially important because it has been supported that a growth mindset can be Continue reading...

Management

Introduction
Total quality management (TQM) is an important measurement tool associated with an organization. It is basically a method through which an organization cans appreciation in their operations and services accordingly (Baldacchino and Farrugia, p.56). Management is a function cum strategy that usually found interactive on the basis of five elements that known as planning, controlling, organizing and leading. All of these four elements are there to examine the effectiveness of an organization, and it has a direct linkage with the financial and strategic prosperity of an entity.
The value of TQM and simple management schemes are wonderful, as Continue reading...

QUESTION ONE:

Significance of Public administration
This paper provides a critical reflection of the significance of effective public administration structures within the society. The content is developed from the aspects incorporated in “the blast in Centralia”. It is pertinent to note that public administration is a multidimensional aspect that is influenced by many stakeholders.
Some of the concepts articulated include decision making processes, management, as well as implementation process. This is discussed within the context of multiple social, economic as well as economic changes. Within the present day society context public administration is influenced by both the public and the private Continue reading...

The decrease in the number of customers of Rest assured stores calls for attention with respect to the sales volumes which affects the general profitability and productivity of this company. The decline in the number of customers have led to a decrease in its sales turnover thereby affecting the profitability levels of the business. This business therefore needs several measures and strategies in order to improve the profitability levels through retention of customers as well as attracting the prospective customers. The strategies to be adopted by this business should ensure that the welfare of the business is improved in Continue reading...

U.S. GAAP versus IFRS.

ABSTRACT

There are notable differences between the International Accounting Standard Boards and the Financial Accounting Standard Boards models of accounting for income tax. Efforts to harmonize the two standards through the Exposure Draft were dropped in 2009 and have not been reviewed thereafter. In 2012, SEC staff provided a final IFRS framework that outlined its efforts and findings but did not provide any conclusions or recommendations for any actions. The difference between IFRS and US GAAP remain significantly felt in many areas and are of major interests to users of financial statements. The main areas of Continue reading...

Explain why the external entities on the context-level diagram are not found on the entity-relationship diagram.

Introduction
An external entity represents a business, a person or a department, which can be used to send and receive data from a system (Kendall and Kendall, 2008). The context-level diagram is used to depict the computer system and its relation to the external environment. The entity relationship diagram indicates the relationship that exists or connects different data entities. One entity may be used to connect a single or multiple entities.
Thus, a context level diagram shows the linkage between the external entities and the computer system. According to Kendall and Kendall (2008), the context level diagrams will indicate Continue reading...

US GAAP permits LIFO in valuing inventory while IFRS does not permit LIFO in valuing inventory. Secondly, US GAAP recommends two-step impairment of assets while IFRS recommends one -step impairment of assets. Lastly, in US GAAP, assets are not allowed be revalued upwards whereas in IFRS upward revaluation is allowed.
An expense in financial accounting is a monetary equivalent of an asset or resource that has already been consumed in a given financial period for the purposes of generating revenues for that entity. Examples include; salaries, rent, financing costs, and repairing and maintenance costs. On the other hand, an Continue reading...

There are steps that are involved in developing an Entity Relationship Model. The first step is to identify the entities that will be used in the model. The entities are the objects that will be defined and have the relationships in the data model developed. The next step would be to define the relationships that exist between the entities that have been defined. The relationships will define the direction in which the relationship between the entities will take. They will guide in the creation of the database. The third step would be entering the attributes. Attributes are the characteristics Continue reading...

[First Last Name]

English [Number]

[Date Month Year]

In this paper, I argue that God – an all-good, all-powerful, and all-knowing entity with a perfect will that can only choose according to His nature (that is, what is good) – exists (Slide 3). Evil also exists. In addition, created nature (human nature and all things in nature), which is compatible either to God or evil or both, exists as a meaningful context of the existence of God and evil.
If God’s nature is all good, then His nature is not compatible with evil. Thus, there is no evil in Him or in Continue reading...

INTERNATIONAL STANDARDS OF AUDITING

Introduction
An Audit report is a formal disclaimer or opinion given by either an internal auditor or an outside auditor (Collings, 2011). The audit report, after completion, is handed over to the consumer, the company or organization in which the evaluation was done, so as to show assurance of service. The report can then be applied in decision making by the user or can be put to other uses. The audit report is a very paramount instrument when it comes to reporting financial information to businesses or organizations. The International Standards of Auditing (ISA) are the professional standards and Continue reading...

FASB Codifications

ASC 205- Presentation of Financial Statements
ASC 25- Discontinued Operations
ASC 45- Other Presentation Matters
1) It can be classified as a reportable segment, operating segment, a reporting unit, subsidiary or an asset group. Important to note, to be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity is the component of an entity which it comprises operation and cash flows.
2) Conditions for reporting discontinued component:
Important to note that if an organization that has disposed of, or classified the component of an entity as ‘held for sale’, wants to report it as Continue reading...

Part One: Analysis of the Military

The military is a key area that deserves to be given substantial attention in terms of the nature of the choices made by the leadership. The military leadership should be robust and should only further courses that promote learning and improvement within the defense entity. Questions as to whether the military entity is a perfect learning organization has been posed to by many critics. Criticism has clouded the operations of the army as to the credibility of their activities and operations in the war fields. Many lives of soldiers and innocent civilians are lost in absurd circumstances. The situation Continue reading...

This report aims at identifying and elaborating the strategies and issues related to Green Mountain Coffee Roasters (GMCR) and Starbucks Global Consumers Products Group in their endeavor to form a relationship between them.

Background

The Green Mountain Coffee Roasters and Starbucks Global Consumers Products Groups are two different companies with the objective of forming a strategic relationship to tap the market. The two companies aim at manufacturing, marketing, distributing and selling of the Tazotea K-cup portion packages and Starbucks packs that are essential in the running of the Keurig Single cup brewing system. Ideally, the Keurig means a Dutch word Continue reading...

Introduction

The Foreign Sovereign Immunity Act is a law that has been codified in the United States that was specifically made to establish the grounds and limitations as to whether a foreign entity, or a foreign sovereign nation at that, can be charged and be subject to trial in a U.S. federal or state court . Apart from being a common legal ground for various legal cases that mostly involve multi-national entities or those that have different international origins, the Foreign Sovereign Immunity Act (FISA) may also be used as a strong basis—in fact, in many legal cases, it the Continue reading...

Financial Reporting

Customer Inserts Tutor’s Name
(30, 09, 2013)
Deferred tax asset is an asset reported on the Statement of Financial Position of a company that will be used in paying taxes for subsequent accounting periods. From financial point of view, deferred tax assets actually reduce the income tax expense for the upcoming periods. On the contrary, the deferred tax liability is an account on the balance sheet which appears because of the temporary differences arises as a result of difference between the profit calculated for accounting purposes and profit computation for the purpose of taxation. In the year end Continue reading...

Any business enterprise is subject to both external and internal; factors affecting its operations. This is mainly exhibited by the output of the business with regard to the factors affecting it. The external factors affecting the business form the macro-environment of the business and are commonly referred to as macroscopic factors of the business entity. The internal factors form microscopic environment of the business and are also referred to as microscopic factors. Macroscopic factors are all the factors that affect the business from outside its boundaries. These factors includes: suppliers, culture, market share, customers political and economic factors. Microscopic Continue reading...

Business Entities, Laws and Regulations

When establishing any venture, one has to decide the kind of business entity to operate. The nature of the business entity is necessary in the determination of return on income tax that the owners have to file. Furthermore, the laws and liabilities are applied differently depending on the legal terms binding the business entity. The common types of business entities include sole proprietorship, partnership, parastatals or State Corporation, and the company. Consideration s on the legal and tax implications are overriding factors before one chooses the business entity. This piece of work considers different case scenarios that determine the Continue reading...

and Gamble and LG Electronics
and Gamble and LG Electronics
In the scope of this paper the analysis of the strategies, used by the Procter and Gamble and LG Electronics would be conducted while referring to both strong and weak points, which are inherent to each particular strategy; contributing factors of the strategic development and the outcomes which have been reached by both enterprises.

PROCTER AND GAMBLE

First of all it is essential to refer to the fact that the Procter and Gamble (P&G) is the global leader in the area of consumer goods; this business entity operates in more than 180 Continue reading...

Management

Introduction
Total quality management (TQM) is an important measurement tool associated with an organization. It is a method through which an organization can gain in their operations and services (Baldacchino and Farrugia 56). For example, by continuously improving the quality of services or products an organization can grow and compete; the success is measured by the quality of services (Baldacchino and Farrugia 56). Management is a strategy that is usually interactive on the basis of four elements known as planning, controlling, organizing and leading. These four elements are there to examine the effectiveness of an organization, and it has Continue reading...

Introduction.

Fundamentally, every nation boasts of its citizens. The word citizen connotes to the individuals or rather occupants of a specific nation that are often entitled to the benefits and privileges of a particular country. The cited individuals get habitually regarded as legal members of a specific country. In the United States, citizens are regarded and treated with utmost reverence by the state. The mentioned is because; the citizens form the backbone of the country’s growth by significantly contributing the desired skilled personnel. Citizens often engage in myriad activities that explicitly reveal their citizenship. Most importantly, the dedicated government Continue reading...