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Intermediate Financial Accounting for Australian Securities and Investments Commission
The paper "Intermediate Financial Accounting for Australian Securities and Investments Commission " is an outstanding example of a finance and accounting case study. In Australia, all the business firms are required to observe accounting standards that are set up by the Australian Securities and Investments Commission (ASIC). One of the most important accounting standards is on asset impairment that gives procedures that an organization may follow in ensuring that the organization’s assets ...
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Management Accounting, Financial Accounting and Cost Accounting for the Optimal Decision-Making in Business
The paper “Management Accounting, Financial Accounting and Cost Accounting for the Optimal Decision-Making in Business" is an outstanding example of coursework on finance & accounting. Accounting systems take economic events and transactions, such as sales and materials purchases, and process the data into information helpful to managers, sales representatives, production supervisors, and others. Managers often need the information presented through accounting that can be used according ...
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CORPORATE REPORTING -TAXATION
CORPORATE REPORTING -TAXATIONThe reporting entity has been an entity that has been providing the financial statements as a source or information about finance and that would be given to external users. The reporting entity has been determining the activities that would be covered by the financial statements and that would include the operations also. The reporting entity for the financial statements has been prepared normally on the broader terms and that would be normally considered for the non-profit ...
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The Rules of Debit and Credit
The paper "The Rules of Debit and Credit" is an outstanding example of an essay on accounting. The rules of debit and credit as applied to various accounts in financial accounting are specific. Each transaction in a particular account is recorded twice according to financial accounting rules. The different accounts in financial accounting are assets account, liabilities accounts, owner’s equity account, revenues account, and expense account. In financial accounting, the debit and credit are ...
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Financial and Management Accounting
The paper 'Financial and Management Accounting' is a great example of a Finance and Accounting Essay. Accounting and finance are identified as basic theories that govern business transactions. These two theories define the financial status of a company and organization by providing clear and concise records of a company’s financial performance. According to Weetman (2006), finance and accounting heavily rely on four core principals. They include; relevance, understandability, reliability, and ...
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Managerial Accounting in Managing Complex Organizations
Managerial Accounting in Complex Organizations Contemporary developments in the organization and technology of manufacturing and in the deregulation of service industries are generating demand for entirely new approaches to cost accounting and managerial control. The traditional direct labor focus of most cost accounting systems has become obsolete in light of the much smaller ratio of labor to total manufacturing costs and the increased importance of capital costs and knowledge workers. Current ...
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Tools and Techniques to Solve Financial Problems and Make Effective Business Decisions
The paper “Tools and Techniques to Solve Financial Problems and Make Effective Business Decisions" is a  worthy example of an assignment on finance & accounting. External users of financial accounting reports or statements such as creditors or investors have a direct financial interest in the economic status of the organization, while managerial accounting reports are primarily of interest to parties involved in the day-to-day management of the organization.  In this assignment, ...
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Critically Examine And Discuss The Impact Of Lobbying On Standard Setting In Accounting
The impact of lobbying on standard setting in accountingIntroduction Accounting is a broad discipline and as such, it is subjected to various frameworks which are in turn formulated by a number of bodies. The main aim of the regulation is to eradicate any inconsistencies that may arise in accounting. Over the years, the International Accounting Standards Board (IASB), International Financial Reporting Standards (IFRS), Financial Accounting Standards Board (FASB), Securities and Exchange Commission ...
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The Global Financial Crisis: Challenge to Accounting Research by Brenner
The paper "The Global Financial Crisis: Challenge to Accounting Research by Brenner" is a good example of a finance and accounting article. Accounting policies and practices have from the recent past been undergoing crisis and instability in the global market. In the past bankers have been blamed for creating financial crisis a problem associated with the securitization of loans by banks (Brenner 2002). The magnitude also has been rising and this has called for assessment in every area of business, ...
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A Comprehensive And Durable Conceptual Framework For Financial Reporting Is Unlikely To Be
CONCEPTUAL FRAMEWORK OF FINANCIAL REPORTINGINTRODUCTIONThe conceptual framework is a body of statement of interrelated objectives and generally accepted fundamentals of financial reporting. The framework tries to identify the goals and purposes of financial reporting and uses the concepts of theoretical principles that help to achieve these goals. (Foster and Johnson, 2001) These theoretical principles are actually used to develop the new accounting standards or evaluate the existing ones for their ...
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Essay
IntroductionInternational conceptual framework treats reliability and relevance as the main characteristics of accounting information where useful decisions are made from. The joint project by Financial Accounting Standards boards (FASB) and International Accounting Standards Board (IASB) revisited a conceptual framework that started in October 2004. The FASB’s draft of exposure, “Fair value measurements” of June 2004, has sparked debates on trade-offs between relevance and reliability with respect ...
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Crucial Issues Concerning Business Management
The paper "Crucial Issues Concerning Business Management " is a great example of management coursework. Setting up a business comes with its own anticipation and excitement. However, there is more to setting up a business than picking up a location and a name for the business. For one to start a successful business, one has to have the knowledge of the form of business unit they need to start, the market in which their business will be engaged in, understand what management and finance accounting ...
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Analysis of the Acquired Cognitive and Abilities and Generic Skills
The paper "Analysis of the Acquired Cognitive and Abilities and Generic Skills" is an outstanding example of a finance and accounting assignment. Self-reflective assessment report has been a very vital tool for analysing the progress of accounting students. Based on the acquired cognitive and abilities and generic skills, am going to provide accounting benchmark statement basing on one of the modules covered; introduction to financial accounting. My accounting benchmark statement intends to ...
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Credit Risk Analysis for Black Gold Ltd
The paper 'Credit Risk Analysis for Black Gold Ltd" is a good example of a finance and accounting case study. One of the difficulties faced by the banking institution relates directly to credit risk. Credit risk can be explained as the possibility of loss that the bank might incur as a result of a borrower defaulting from paying his or her loan and as the terms of the loan agreement. This paper gives the recommendation concerning the loan, which is to be advanced to the Black Gold, risk-return on ...
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Week 6 Discussion and Participation Questions
1. The most common type of dividend is a cash dividend. When companies mention that dividend was paid everybody assumes that is a cash dividend. Financial ratio formulas such as the dividend payout ratio are structured for cash dividends. There is a second alternative for companies. The second alternative is to pay a stock dividend. A stock dividend pays the investor common stocks of the company instead of cash as dividend compensation. One of the negative aspects of stock dividends is that it dilutes ...
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Similarities and Differences of Financial versus Government Accounting Standard Board
The paper "Similarities and Differences of Financial versus Government Accounting Standard Board" is an outstanding example of an essay on finance and accounting.           Financial Accounting Standard Board (FASB) and the Government Accounting Standard Board are important institutions of accounting that have similarities and differences. For instance, in terms of accounting standards and principles, FASB, an organization established in 1973 deals with the publishing ...
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Breakdowns of Accountability by Baker
The paper "Breakdowns of Accountability by Baker" is a brilliant example of an essay on finance and accounting. Accountability is a term that goes beyond the financial accounting aspect, into requiring a moral and compassionate angle of caring for the other (Baker, 2). The fact that there were many people who perished during the catastrophic Hurricane Katrina in the New Orleans State of the USA is an indication that the moral aspect of accounting is lacking. Institutional racism was a major contributor ...
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Corporate Failure And Forensic Accounting
1.0 OverviewLargest insurer across the globe, with market value of US$172.24 billion in 2009. AIG is engaged in general insurance, life insurance and retirement services operations and also provides financial services and asset management services (Datamonitor, 2009). Its financial services business includes commercial aircraft and equipment leasing, capital markets operations and consumer financing (www.globalmarketsdirect.com). In 2008, AIG witnessed liquidity concerns due to higher than anticipated ...
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System Application and Products System in Business Organization
The paper "System Application and Products System in Business Organization" is a perfect example of a finance and accounting essay. Today, technological advancement plays an important role in the business environment more so in accounting. It is good to understand that most of the organizations largely depend on software and computer to get accurate information so as to effectively and efficiently manage their business operations. Most of the businesses are becoming more aware of the importance ...
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The Three Theories of Regulation
The paper "The Three Theories of Regulation" is a perfect example of a finance and accounting assignment. Over the years, arguments and debates have been made in regard to the significance of regulation. On the one hand, non-supporters of regulation belief in the stability of markets to operate on their own to best serve society, utilizing the allocation of resources. On the other hand, supporters of regulation argue against the stability of markets which they emphasize that do not often operate ...
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