Accounting Essays

1. Kenny recently joined the public accounting firm of Hamid, Krishnan & Co. as an audit assistant after obtaining an accounting degree. He quickly established a reputation for thoroughness and a steadfast dedication to following prescribed auditing procedures to the letter. On his third audit for the firm, Kenny examined …

Part 1. Accounting for the Cost of Software Programs at AdCom Games Adcom games should allocate all costs from the Product Development Support Center, as well as the project team labor, to the games that are developed. I believe that all costs from the Product Development Support Center (PDSC) should …

Professional accountant is practitioner who help manager, investor and others make the better decision about how to allocate organization’s resource by measuring and disclosing assurance of financial report. From my perspective, professional accountant is not only play an important role in business world but also play an important role in …

The U.S. government created The Securities and Exchange Commission in 1934 in order to monitor the U.S. financial markets. This commission continues to create legislation which is tightening reporting standards today. The Sarbanes-Oxley Act of 2002 is a great example of what happens after the legislation that is being created …

Wesfarmers is a highly reputable entity listed on the Australian Stock Exchange, with approximately 200,000 staff and 500,000 shareholders (Knight, 2014). The entity that started as a small Western Australian farmer co-operative has now diversified into sectors such as retail, resources and insurance and now earn revenue of over $50 …

Once upon a time many, many years ago, a feudal landlord lived in a small province of Central Europe. The landlord, called the Red Bearded Baron, lived in a castle high on a hill. This benevolent fellow took responsibility for the well-being of many peasants who occupied the lands surrounding …

Productivity & Quality: Productivity of manpower has increased by 6.18% at the same time an increase of 1.4% in their cost. The interest expense has increased by 3.2%. Asset The Company has deployed a Customer Relations Management (CRM) system at all our dealerships and offices across the country. The system …

What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times? Definition: An Asset is said to be liquid if it is easy to sell or convert into cash without any loss in its value. …

Accountancy is an ideal career for incoming college students. Mathematical in nature and involves comprehensive calculations as well. You need to analyze the financial data of an organization for the entire year and then perform the calculations accordingly. The University of the East is well known in Accountancy Graduates because …

Succint: Gator Electronics Inc. (“Gator”) is an electronics manufacturer that sells electronic products to third-party retail centers in approximately 100 countries. Gator is an SEC registrant. You are planning to audit the current-year goodwill impairment analysis of Gator. Gator has performed its annual goodwill impairment analysis as of December 31, …