The Indian Kaleidoscope Emerging trends in retail September 2012 Foreword India’s retail market is expected to cross 1.3 trillion USD by 2020 from the current market size of 500 billion USD. Modern retail with a penetration of only 5% is expected to grow about six times from the current 27 billion USD to 220 billion USD‚ across all categories and segments. The recently unveiled Vision 2023 by Chief Minister Selvi J Jayalalithaa will ensure that Tamil Nadu reaches the numero uno position
Premium Online shopping Retailing Electronic commerce
Introduction Ethics in accounting and financial decision making is important in today ’s business world. Many organizations put emphasis on ethics and the financial decision making process with the organization and expect that auditors‚ managers and accountants will behave in an ethical manner. There are many factors that inspire organizations to assure and push ethical policies. In the last seven years‚ the world has witnessed stunning financial collapse in many companies that were ranked among
Premium Trade union Employment Ethics
Accounting Convergence: Advantages and Disadvantages Winston Churchill once said that “there is nothing wrong with change‚ if it is in the right direction” (Thinkexist.com) . Today‚ the accounting profession and standards in the United States is facing one of the biggest changes it has seen in a long time: the convergence of its Generally Accepted Accounting Principles (GAAP) to the International Financial Reporting Standards (IFRS). Is this a step in the right direction for the United States
Premium International Financial Reporting Standards Financial Accounting Standards Board
Managerial Accounting Chapter # 01 Homework 1 01) How does managerial accounting differ from financial accounting? A: Managerial accounting is concerned with providing information to managers for use inside the organization. Financial accounting is con¬cerned with providing information to stockhold¬ers‚ creditors‚ and others outside of the organi¬zation. 02) Pick any major television network and describe some planning and control activities that its managers would engage in. A: Five examples
Premium Management accounting Risk Management
iWarwick Business School‚ University of Warwick IB2300 Accounting in Context Part 2 – Reflective Assignment 20th December 2011 Word Count: 945 “An auditor is a man who watches the battle from the safety of the hills and then comes down to bayonet the wounded.” - Irving R. Kaufman The past nine weeks have been intense and interesting. The entire module work has broadened my view of accounting tremendously and forced me to critically evaluate. It has had an impact of a 180 degree change in
Premium Management Strategic management Marketing
If you are looking for a degree that can land you a good job‚ a high degree of job security‚ and available options when it comes to finding an employer‚ an accounting degree could be a great choice for you. There is a price to be paid for the popularity of accounting roles though‚ as the work is not always easy‚ there can be a high degree of detail oriented work involved‚ and most of the duties involved require a rather sedentary style of work.Accounting is largely the understanding‚ tracking‚ and
Premium Certified Public Accountant Accountant
experience curve)‚ 3) The true cost and profit picture for each product must be known and 4) Cash flow is as important as profit. The "cycle of decay" (when cost cutting efforts lead to competitive decay) is typically begun when management uses financial accounting data‚ not control data‚ for decision making. Costs are classified as bedrock fixed (very few qualify as this)‚ managed fixed‚ direct variable and shared costs. Most costs qualify as managed‚ and therefore are controllable in the long run. [I]
Premium Management accounting
Journal of Business Finance & Accounting‚ 32(3) & (4)‚ April/May 2005‚ 0306-686X Discussion of Accounting‚ Valuation and Duration of Football Player Contracts JOHN FORKER* Investment by football clubs in player contracts provides a natural experiment to evaluate the mandated accounting requirement that purchased intangible assets must be capitalised (ASB‚ FRS 10‚ 1997b). The study is well grounded for three reasons. First‚ the availability of industry level transaction price data for transfer
Premium Asset Depreciation International Financial Reporting Standards
Usefulness Theory 5 Critical Accounting Theory and Critical Theory 6 System-Oriented Theories 7 Open System Theories 8 Behavioral Decision Theory 9 Legitimacy Theory 10 Political Economy Theory 11 Institutional Theory 12 Stakeholder Theory 13 Agency Theory 14 Normative Theory 15 Public Interest Theory 16 Capture Theory 17 Economic Interest Theory/Private Interest Theory 17 Positive Accounting Theory 18 Chambers ’ Theory of Accounting 19 Trickle Down theory
Premium Economics Decision theory
The Importance of Accounting Theory to the Field Of Accounting The objective of theory is to explain and predict. One of the basic goals of the theory of a particular discipline is to have a well-defined body of knowledge that has been systematically accumulated‚ organized‚ and verified well enough to provide a frame of reference for future actions. The Webster’s definition of theory is the systematically organized knowledge‚ applicable in a relatively wide variety of circumstances‚ a system
Premium Income statement Generally Accepted Accounting Principles Financial statements