Nelson, M. W., Sepe, J. F., & Spiceland, D. J. (2013). Intermediate Accounting. New York: McGraw-Hill Irwin.…
The focus of EEC’s investment of the purchasing of the supplier is to cut down on the cost expenditures of the company. The primary board members and investors anticipate in the timeframe the fifth of to save financially in revenue $600,000 per annum this will accumulate $9 million in net in the timeframe of that 15 years. 14% of that investment and consumption cost will be attributed out of $9 million net, which adds up to sum of $3 million. The president of the company asked me to give an analysis in the possibilities foreseen in the investment what would be the Net Present Value, along with the Internal Rate of Return, and the payback of the investment.…
Keywords: accounting alternatives; accounting choices; accounting estimates; economic transactions; financial statements; financial ratios; financial statement analysis.…
Spiceland, J. D., Sepe, J. F. & Nelson, M.W. (2011). Intermediate Accounting (6th ed.). New York, N.Y.: McGraw-Hill Irwin. ISBN: 9780077500375…
Before an accurate evaluation can be made, it is noteworthy to consider the particular nature of accounting lessons in comparison to other Liberal Arts. First of all, accounting is a subject of study that is heavily rules-based; meaning, students are tested on their knowledge of an already set accounting principle. In other words, since accounting entitles a sense of public obligation to be consistent and truthful to the doctrines there is often only one correct answer and any deviance from this is deemed wrong. This holds especially true in the profession of accounting, for a deviation in procedure can be infinitely costly and highly fraudulent. Consequently accounting as a subject requires a modern culture of education, in which there is less space for individual opinion or much discussion in…
Keiso, Donald E., Weygandt, Jerry J., & Warfield, Terry D. (2007). Intermediate accounting. Retrieved from https://ecampus.phoenix.edu/.…
This course begins with a conceptual review of accounting principles, and reviews issues studied in earlier courses from the point of view of the effects that accounting choices and “creative” accounting have on financial statements. This course emphasizes the role of communication in the accounting profession. Critical thinking and problem solving skills are developed through extensive case analysis.…
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Brewer, Peter CView Profile; Juras, Paul EView Profile; Brownlee, E Richard, IIView Profile. Issues in Accounting Education18.1 (Feb 2003): 49-69.…
Kelly, M., Davey, H. & Haigh, N. (1999) Contemporary Accounting Education and Society, Accounting Education: an international journal, 8(3), pp. 321–340.…
When I think about Virginia Commonwealth University, three words come to mind: diversity, excellence and opportunity. Attending such a college as VCU will not only help me educationally, but it will also help shape up many different aspects of my life for many years to come. From the variety of classes to the incredible diversity, VCU has the potential to shape my college years. Since I was four years old, I have always dreamt of living in the city. However, my dream was short lived seeing as how I have lived in upstate New York my whole life. Clifton Park is so closely knit to the point where everybody knows each other. VCU will thankfully change this for me by allowing me to be a part of such a diverse community. I will have the opportunity…
The general objective of this study is to analyze the non-correspondence between CLSU BA Sophomore students’ major field of study and their freshman preferred accounting course.…
ABSTRACT: Recent accounting scandals have emphasized the need to think beyond debits and credits. Accounting students must understand the effects of transactions on a company’s financial position, as well as the pressures and incentives they will someday face to misrepresent that position. This case introduces students in intermediate financial accounting courses to both of these important objectives. First, the case improves students’ critical thinking skills in accounting by allowing them to determine if various correcting entries should be made, and what the effects of those transactions will be on the company’s financial statements. Second, the case improves students’ ability to evaluate ethical consequences by introducing them to conflicting incentives regarding those corrections: the obligation to provide investors with high-quality financial statements that fairly present the company’s financial position versus the pressure to maintain a high stock price for investors. The case may be completed using either U.S. GAAP or IFRS. Keywords: adjusting entries; financial statement adjustments; accounting cycle; ratio analysis; IFRS.…
Spiceland, J. D., Sepe, J. F., & Nelson, M. W. (2013). Intermediate Accounting (7th ed.). New York, NY: McGraw-Hill Education…
When I first began this course, I didn’t really understand what Managerial accounting for Business Professionals were. I was very confused and also a bit intimidated with what is expected and how is the professor going to be. In my previous classes I have had some professors who seem to not care about us students. I have felt often that since it’s an online environment they could answer whichever way they want because there isn’t anyone to meet face to face to speak. Professor, you have been a wonderful teacher and mentor for us. I couldn’t have asked for anyone better. Even though some of the weeks were challenging I was able to overcome them. What I enjoyed the most was the budgeting planning in Unit 6.I am always looking to grow within my job and department, so learning some other things and being able to speak with my peers about what I have learned enables me to show that I am eager to move up the ladder of success and get promoted. I think that the Wiley assignments were very educational and with the 5 chances that we were given to do the work, this really helped me analyze and truly learn how to solve a problem.…