Statement Four Revenue recognition issues top the list of reasons for financial reporting restatements and one of the methods for creative accounting practices. Table of Contents Table of Contents 1 Introduction 3 Literature Review 4 Revenue recognition 4 Sale of goods 4 Rendering of services 5 Interest‚ royalties‚ and dividends 5 Creative Accounting 5 To meet internal targets 6 Meet external expectations. 6 Provide income smoothing. 6 Taxation 6 Change in management
Premium Revenue International Financial Reporting Standards Financial statements
The trend of overweight and obese shows a dangerous sign for the future. Obese and overweight children in the world is expected to rise to 9.1% in 2020. Stats show that if the amount of obese in children travels at the same pace as right now‚ it could almost triple in 2030. Obesity in children is becoming a major issue in the world. The number of obese children has almost increased by 100% in the past 20 years. In many cases‚ bad health and many different diseases in children is the outcome
Free Hypertension Obesity Childhood obesity
provide a professional service has been voted as the greatest ethical challenge for Financial Planners. The results come from the latest monthly survey conducted by Financial Planet‚ a site developed by the Financial Planning Standards Board to bring together Financial Planners around the world. Second place was placing the client’s interest first and third was disclosing and managing conflicts of interest. Other ethical challenges included providing a service with integrity and providing an
Premium Ethics Login Business ethics
As an Assistant accountant in the Organisation the value I have added is to a greater extent in my first 3 weeks of placement. When doing the General administration things such as filling‚ customer service and customer handling I have been able to reduce the workload from my senior accountant. He is able to use this time for the completion of some other task instead. I have been managing the internal needs of the company‚ which has resulted in a smoother operation of the organisation as a whole
Premium Management Customer service Customer
yourself for this career. The basic overview of this job is how businesses keep control of their incomes and assets over periods of time. Accountants interact in variations of activities besides recording transaction for business and readying financial statements which include computing costs and the efficient gains from new technologies that businesses use. Accountants participate in game plans for consolidations and acquisitions‚ quality management‚ creating and using information to track financial
Premium Mergers and acquisitions Accountant Tax
School of Accounting & Finance The Hong Kong Polytechnic University AF2111 Accounting for Decision making Semester 1 of 2013/2014 Academic Year Meeting Time: Thursday‚ 19:30 - 21:20 Venue: DE401 (subject group S01) Instructor: Ms Sarah Cheng Mei Ling Office: M754‚ Li Ka Shing Building Tel. No.: (852) 2766-7027 E-mail:
Premium Financial statements Balance sheet
Another challenge I will face as a speech language pathologist is client behavioral issues. Behavior problems can interfere with therapy and the success of the client. Some children will try to escape situations by crawling under tables‚ attempting to run out the door‚ or yelling for their mom or dad. It is our job to NOT positively reinforce these behaviors by giving into the behavior. For example‚ if I am drilling the present progressive tense and my child chooses to fall under the table to escape
Premium Psychology Developmental psychology Child
Ethical Challenges of Boundary Issues Jean Berry Walden University Ethics and Legal Issues in Counseling Ethical Challenges of Boundary Issues Boundaries exist to protect the welfare of clients who are in a vulnerable position in the relationship as well as place limits that promote integrity and help us understand the parameters of the relationship (Remley & Herlihy‚ 2014). Boundaries between therapist and client come in many forms and exist in many contextual forms. Crossing a boundary
Premium Ethics Morality Psychology
globally. Chartered Accountants usually occupy high and respectable posts in an organization. They are the ones responsible for handling accounts and finance related matters‚ deal with money management. Chartered Accountancy is also a dynamic‚ challenging and rewarding profession. Chartered Accountancy Course is a professional course in Accounting introduced in our country in 1949‚ with the enactment of the Chartered Accountants Act. The Institute of Chartered Accountants of India (ICAI) was
Premium Accountant
The revenue recognition principle is a foundation of accrual accounting and one of the main principles of GAAP. The revenue recognition principle is a set of guidelines that helps accountants to identify when a revenue event has taken place and how to appropriately record cash exchanges before‚ during‚ and after the revenue event. According to the revenue recognition principal‚ revenue must (1) be realized or realizable and (2) earned‚ in order to be recognized. According to the SEC revenue is realized
Premium Generally Accepted Accounting Principles Ethics Auditing