Accounting Essays

The objective of this paper is to analyze the formation of the International Accounting Standards Board (IASB) and its usage of the conceptual framework introduced by the International Accounting Standards Committee (IASC) in 1989, called the Framework for Preparation and Presentation of Financial Statements. Additionally, it will discuss the stakeholders and purpose behind this framework, […]

What sets apart the two methods are their characteristics. Substance over form is an important concept in accounting. A good example of this is the recognition of revenue. An example of reduced flexibility is the recognition of R&D cost. In the fiscal year 2005, management’s reporting incentives and strategy are influenced by various factors that […]

The general principle for cost inclusion into inventory for US GAAP and IFRS is similar but not exactly the same. First let us look at US GAAP. The basis of accounting for inventories is “cost,” which is explained in ASC 330-10-30 paragraph 1 as “the sum of the applicable expenditures and charges directly or indirectly […]

The objective of financial reporting is to deliver essential fiscal data concerning the company that is reporting. This information proves invaluable for both existing and potential investors, creditors, and other credit providers as it aids in informed decision-making when providing capital. Precise assessment, impartiality, and prompt disclosure of an organization’s financial standing can support appropriate […]

Japanese accounting practices JAPANSE GAAP Japan in the year 2010 had a GDP of 4. 31 trillion dollars making them the 4th largest in the world. With this being said it is important that other countries doing business in the nation have a strong knowledge of their accounting practices. Japanese accounting practices have been going […]

Abstract This Journal aimed at scrutinizing the prevailing accounting standard for the banks and find out the extent of compliance by them. To find out the degree of compliance the study has gone through the annual reports of all the sample banks. Very naturally it is hoped that all of them are required to comply […]

CASE CONTEXT In the late 1960’s the US Department of Housing and Urban Development (HUD) launched the Operation Breakthrough, a project that aimed to “revolutionize” the housing industry, which attracted various housing companies to seek for means to construction technology. One of which is the Stirling Homex Corporation (SHC), founded in 1967 which pioneered the […]

PRC GAAP, which stands for generally accepted accounting principles of the People’s Republic of China, consists of accounting principles that are derived from various sources. These sources mainly consist of laws and regulations issued by the Ministry of Finance (MOF) and disclosures made by listed companies that are regulated by the China Securities Regulatory Commission […]

This section provides a summary of some of the similarities and differences discussed in more detail on the complete publication. No summary publication can do justice to the many differences of detail that exist between US GAAP, IFRS and Mexican FRS. Even if the guidance is similar, there can be differences in the detailed application, […]

Then, a comparative analysis of the two governing dies and their similarities and differences will be discussed. Although we have gone into great depth, the differences between the two sides are plentiful, as many issues have yet to be discussed on any level by professionals. We have touched on the thoughts of the SEC and […]

Despite initially feeling secure from the impact of the global economic crisis, the Caribbean has now become aware that each nation will experience a decline in various sectors. These include falling remittances from nationals overseas, a predicted decrease of up to 40% in tourism/visitor arrivals, fluctuating exchange rates causing a fall in income and reserves, […]

The past several weeks have been a real cause for panic; and surely, there are reasons why people should feel so: the erratic volatility of the stock market, the number of debt-ridden banks and insurance companies closing, some unwelcome quarterly corporate earnings reports, the fair amount of skepticism raised against the Federal government’s bailout plan, […]

According to their website, PepsiCo UK & Ireland is a significant player in the beverage sector with millions of people enjoying their products daily. The company operates several sites including the largest crisp manufacturing plant in the world located in Leicester, the Quaker oats factory in Cupar, Scotland, the production of Copella apple juice at […]

There are many forms of education available to the youth of today. Education can be had in the form of formal schooling or home schooling. Formal schooling comes in two forms wherein parents can choose what teaching method would be best for their children. These are the public and private forms of schooling. Under the […]

Other factors which will affect business investment and Cameron Balloons Investment decisionsThere are different factors which will affect the decision that a business will make about their investments.The factors which will affect the business investment are:Capital rationing – this is when a firm has few profitable investment opportunities but do not have enough capital to […]

The text explores four main subjects: Trust, Decision Making, Government and Business, and the Legal System. Trust is identified as the central theme that runs through all of them. When individuals lose trust in the government, they assume personal responsibility for their own survival. The government’s perceived inability to guarantee a secure living environment has […]

The purpose of this report is to detail the key external environment issues surrounding Manchester Airport and how the Marketing Manger and the Operations Manager can attempt to influence or control these. The external environment is considered to be a far environment, therefore can neither be controlled nor influenced. This environment consists of Social, Legal, […]

Introduction India is going through a telecom revolution, especially in the wireless telephony segment. The adoption of mobile telephony remains unparalleled in scope, as users from diverse segments increasingly choose to exercise the option of personal mobility. On average, the user base has been adding 4-5 million subscribers per month. The Mobile subscriber base is […]

Introduction: The catering industry is comprised of establishments that primarily provide food services for single events. The establishments in this industry have equipment and vehicles for transporting meals and snacks to events or preparing food at a different location. This includes banquet halls with catering staff. Examples of events catered by these establishments include graduation […]

Due to the ever changing landscape of the business world many employers often send their employees to attend trainings and seminars. Though this specialized training sessions are costly the return a company gets from it is worth the investment. A company that constantly sends its employees to school to acquire a fresh and new ideas […]

Evaluate the relative importance of two of the following as factors prompting Americans to rebel in 1776. Parliamentary Taxation The legacy of colonial religious and political ideas British military measures Restrictions of Civil Liberty Some say that the Revolution was destined to happen ever since Settlers set foot on this continent, others argue that it […]

Can government intervention be effective in correcting market failures associated with alcohol? I have chosen to perform a microeconomic analysis surrounding the effect of Alcohol consumption on society. ‘Can government intervention be effective in correcting market failures associated with alcohol’ is the question set. The model I will be exploring is ‘market failure’ ‘where the […]