Abstract: Creative accounting is a practice of accounting following the certain rules of it‚ but it is fluctuated from the basic spirit of those rules. Creative accounting is the ‘colorful’ representation of a company’s assets‚ liabilities and income. It is basically done to attract investors. The example of ‘the half glass of water’ maybe pulled to explain the idea. If a glass is filled with water to its half volume‚ then instead of saying ‘it is half empty’‚ the creative accountants prefer
Premium Balance sheet Financial statements International Financial Reporting Standards
Q1) Comment on the forecasting method being used by Yankee? Suggest changes that you feel are justified? Ans1) Yankee presently is using the qualitative method for forecasting future demand. Qualitative method as we know is subject to experts’ intuition‚ experience‚ and opinions. So each person according to his/her past experience‚ forecasts the demand for the future. For example‚ Phil Stanton who is in the operations makes his decision of producing in the future on the basis of demand forecast
Premium Future Forecasting Time series
1. Describe in words how costs are assigned in the Wilkerson’s current costing system. Discuss the pros and cons of this system. Wilkerson uses a simple traditional cost accounting system in which each unit of product is charged for direct material‚ direct labor and overhead costs. Material cost is based on the prices paid for component under annual purchasing agreements. Labor cost is charged to products based on the standard run times for each product. Labor rates‚ including fringe benefits
Premium Cost accounting Cost Costs
Union’s morning read had been interrupted by the sweet‚ fulfilling chimes of‚ help. She knew it was only a matter of time and she’d been anticipating it. She hadn’t been excited about visiting Florida‚ she was however‚ eager to work the case. She’d been following this case all the way from Chicago and just last year‚ she’d been adamant about bringing a person of interest in for questioning. Unfortunately‚ she didn’t have enough evidence to back it. " Detective Union‚ good morning. Lieutenant John‚ Ft
Premium Police English-language films Debut albums
what to print in a newspaper. What factors do you think influence their decisions? Do we become used to bad news? Would it be better if more good news was reported? News editors decide what to broadcast on television and what to print in a newspaper. There are two factors that influence their decisions. The first is the kind of customers they aim at. Becauseeach kind of readers and watchers has its own features. For example‚ if your customers are almost entirely teenagers‚ you have to concentrate
Premium Keira Knightley Good and evil Good
CHAPTER 5 Merchandising Operations and the Multiple-Step Income Statement ANSWERS TO QUESTIONS 1. (a) Disagree. The steps in the accounting cycle are the same for both a merchandising company and a service company. (b) The measurement of income is conceptually the same. In both types of companies‚ net income (or loss) results from the matching of expenses with revenues. 2. The components of revenues and expenses differ as follows: | | Merchandising | | Service | RevenuesExpenses
Premium Revenue Generally Accepted Accounting Principles
Creative Spark Talk Analysis Luciana Shaw University of Phoenix PHL/458 June 2‚ 2015 Prof. Ángel L. Durán Creative Spark Talk Analysis: How schools kill creativity The belief that public education standards are suppressing the creativeness of children‚ thus society as whole‚ is gaining widespread acceptance. It is imposed a great pressure to students in programs of science‚ technology‚ engineering and mathematics (STEM). This pressure causes that they have little time for the commitment of creative
Free Education Creativity
Creative Laziness Laziness is a state of mind. A person is said to be in a lazy state of mind with respect to a task when he is not properly motivated to do the task. Lack of motivation to do a task can spring up from many causes such as physical lethargy‚ lack of reinforcement in the form of rewards‚ failure to value the reward intended for the task appropriately‚ preoccupation of mind with some other things which is important to the person concerned‚ lack of interest in
Premium Motivation Mind Psychology
kevin chen Mr. Gulack English 1‚ period 7 24 May 2011 Creative myth Before days‚ people were as tall as mountains. They walked on everything they come across. But one day there was a hero named Wu Long. He had killed lots of villains and has saved the people in the country. He had control of two powers that had been pasted to him by his family. One is the “fire eternal flame”. That could kill anyone if you’re the target. Also the other power he had is o He had two types of secret weapon
Premium Lightning Tropical cyclone Precipitation
ECO204: Solutions to Homework 5 1. True‚ False‚ Uncertain a. False. Methods to eliminating moral hazard include writing efficient contracts between principals and agents‚ bonding and deferred payments. The methods to eliminate adverse selection include sending signals and relying on 3rd parties to verify quality. b. True. When there is asymmetric information‚ it drives out high-quality goods because consumers have a difficult time differentiating between high- and low-quality goods. As a result‚
Premium Risk aversion Supply and demand Economics