101-00128 Oct 2014 Accounting Accounting is the recording‚ measurement‚ and interpretation of financial information (Business 286). This financial information is used to evaluate the organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where
Premium Income statement Financial statements Balance sheet
8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
Premium Generally Accepted Accounting Principles Balance sheet Asset
English 228 April 3‚ 2013 In his novel‚ The Death of Ivan Ilyich‚ Leo Tolstoy expresses his opinions regarding the abstract idea of “family”. Tolstoy seems to be looking at what it is to be a family through somewhat biased eyes. He never really had a solid family of his own‚ having at a young age experienced both his parents passing‚ which leads me to believe that not all of Tolstoy’s lessons should be taken as verbatim. It is obvious through his previous publications that Tolstoy has always
Premium Leo Tolstoy Family Literature
Accounting Fraud: A White Collar Crime Accounting Fraud: A White Collar Crime The CEO and CFO of a Swiss security systems company named Tyco‚ stole 150 million dollars from their company before being caught in 2002. At the height of the scandal‚ the CEO threw a 2 million dollar birthday party for his wife on a private island with guest performer Jimmy Buffet. After being caught‚ the CEO and CFO were sentenced to 8-25 years in prison and Tyco had to repay its investors 2.92 billion dollars (The
Premium Enron Fraud Accounting scandals
Running head: ETHICS IN ACCOUNTING Organizational Ethics in Accounting: A Comparison of Utilitarianism and Christian Deontological Principles Katherine Y. Masten A Senior Thesis submitted in partial fulfillment of the requirements for graduation in the Honors Program Liberty University Spring 2012 1 ETHICS IN ACCOUNTING Acceptance of Senior Honors Thesis This Senior Honors Thesis is accepted in partial fulfillment of the requirements for graduation from the Honors Program of Liberty University
Premium Business ethics Ethics Management
ACC206: Principles of Accounting II Final Paper Instructor: Emmett Denham March 25‚ 2013 ABC Company could reach $3 million in annual sales within 3 years if the company used shingle scrap material to build cedar dollhouses. The new product would add additional costs but would project an aggressive growth in revenue for the company. In the following reports I will show you how beneficial the cedar dollhouses would be to ABC Company. [ABC Company] | Cash Flow Satement | | | | Date:
Premium Generally Accepted Accounting Principles Balance sheet
Leonardo Da Vinci Unraveled Leonardo’s life spanned the mid 15th and early 16th centuries‚ a period known as the Renaissance. During this time‚ artistic‚ social‚ scientific and political thought shifted from the ignorance and superstition of the Middle Ages to embrace reason‚ science‚ learning and tolerance. Born in Italy on April 15‚ 1452 in the small mountain town of Vinci‚ Leonardo was the son of a lawyer. He grew up exposed to a tradition of painting. Legend has it that when Leonardo was
Free Leonardo da Vinci Mona Lisa Florence
Hamid Mohammed Ibn Mohammed Al-Ghazali‚ also known as Al-Ghazali‚ was one of the most influential Sunni and Sufi philosophers of the 11th and 12th century. He was born on 1058 AD in Tus‚ Persia and had a large impact leading Islam‚ specifically to the Sunni and Sufi Muslims. He was known as “the proof of Islam” to this group of Muslims. Al-Ghazali presented a constructive impact on Islam and still continues to do so today through his inspirational works. The life of Al-Ghazali can be divided into
Premium Sufism Islam Muhammad
I/P (4) MA‚ O (5) MA‚ R (6) FFR‚ I/P (7) FFR/ O (8) FFR‚ R (9) FFR‚ R (10) MA‚ I/P (11) MA‚ R (12) FFR‚ O 8.27 Fraud risk (a) Fraud risk factors ASA 240 - high degree of competition in the market - Domination by Rob Bigbucks (CEO&chairman) - Threatened employees with no pay rises - Significant portion of sales managers salaries are paid in bonuses - The industry is in a recession and it is starting to affect the company – Potentially leading to obsolete stock and overstatement of assets
Premium Auditing Audit Internal control
Written Assignment I 1.2) Boeing Company is the largest manufacturer of commercial aircraft in the United States and is a major employer in Seattle‚ Washington. Explain why each of the following individuals or organizations would be interested in financial information about the company. a. California Public Employees Retirement System. One of the world’s largest pension funds. They would be interested in Boeing’s financials to see how much the company contributes to their employee’s 401K
Premium Balance sheet Generally Accepted Accounting Principles Finance