Accounting Essays

International accounting harmonisation can be defined as “the process of bringing international Accounting Standards into some sort of agreement so that the financial statements from different countries are prepared according to a common set of principles of measurement and disclosure”. Harmonisation means that deviating rules, which do not exclude themselves, …

There are mainly three factors leading to the failure of the existing system at ETO. First, there has been a steady decline in direct labor hours per lots and fewer test lots. Such a decline is mainly due to an increased dependence on vendor certificate, which is a key component …

In 1995, AB Capital and Investment Corporation was tapped by the UP Foundation, Inc. (UPFI) to manage an equity fund of 2.5 million pesos, which is a small portion of their 260 million peso endowment fund. The interests earned from the fund, which is used to support the professorial chair …

Accounting today is used by most people in the world in one way or another. Accounting is a system for identifying, reading, measuring, and interpreting the results of economic activities. Accounting is not only used in the business world but rather it is used by everyone in all types of …

Introduction This next phase of the auditing process for Apollo Shoes Inc. (Apollo) is the designing of an audit program, which will detail substantive procedures for detecting irregularities in the accounts receivable, inventory, and fixed assets audit cycles. Fixed Assets Apollo’s irregularities in fixed assets, has caused concern for substantive …

In accounting there is much to be learned, about the financial aspects of a business. In the past five weeks I have learned the importance of financial reports and how they relate to the success of an establishment. These reports may include balance sheets and income statements, which help accountants …

After analyzing the financial statements of Peach Blossom Cologne Company, we have concluded through the change analysis the following accounts contain some measure of audit risk. In analyzing the change analysis we concluded on threshold amounts of any change exceeding 15% and above the amount of $5000. If both criteria …

Abstract Imagine that you are a financial manager researching investments for your client that aligns with its investment goals. Use the Internet or the Strayer Library to research any U.S. publicly traded company that you may consider as an investment opportunity for your client. The assignment will cover the following …

With the High Performance Corporation Energy Gel case before us, we recommend to Florence Vivar, chief financial officer of HPC, that the company should not invest in the energy gel project. We came to this conclusion after amending the existing capital budgeting process, and assessing the opinions of Harry Wickler, …

This chapter presents a brief discussion of the literature reviewed by the researchers which further enriched the conceptualization of the study and helped in describing the cognitive design that guided the conduct of the researcher. Foreign Studies Automation can draidatically affect all phases of inventory management, including counting and monitoring …