Department of Accounting and Finance BA (Hons) Accounting BSc (Hons) International Finance BSc (Hons) Accounting and Finance Financial Accounting 2 (AAF005-2) Referral Assessment 1 Academic Year 2012-13 Miryam Ghoitom Student ID: 112368 Contents Page * Introduction and Background * Cash basis accounting * Accrual basis accounting * Financial reporting * Conclusions‚ recommendations‚ or implications for the future. * References * Introduction * Cash Accounting vs Accrual
Premium Generally Accepted Accounting Principles Income statement Business
What is Forensic Accounting? The integration of accounting‚ auditing and investigative skills yields the speciality known as Forensic Accounting. "Forensic"‚ according to the Webster’s Dictionary means‚ "Belonging to‚ used in or suitable to courts of judicature or to public discussion and debate." "Forensic Accounting"‚ provides an accounting analysis that is suitable to the court which will form the basis for discussion‚ debate and ultimately dispute resolution. Forensic Accounting encompasses both
Premium Damages Insurance Dispute resolution
Accounting Ethics Accounting Ethics‚ Second Edition. Ronald Duska‚ Brenda Shay Duska‚ and Julie Ragatz © 2011 John Wiley & Sons‚ Ltd. Published 2011 by John Wiley & Sons‚ Ltd. ISBN: 978-1-405-19613-0 Foundations of Business Ethics Series editors: W. Michael Hoffman and Robert E. Frederick Written by an assembly of the most distinguished figures in business ethics‚ the Foundations of Business Ethics series aims to explain and assess the fundamental issues that motivate interest in each of
Premium Ethics
I Brief Contents 3 Chapter 1 Introducing Financial Accounting Chapter 2 Constructing Financial Statements Chapter 3 Adjusting Accounts for Financial Statements Chapter 4 Reporting and Analyzing Cash Flows Chapter 5 Analyzing and Interpreting Financial Statements Chapter 6 Reporting and Analyzing Revenues and Receivables Chapter 7 Reporting and Analyzing Inventory Chapter 8 Reporting and Analyzing Long-Term Operating Assets
Premium Balance sheet Income statement Cash flow statement
Introduction Traditionally‚ cash basis of accounting has been used in the public sector; however‚ in recent years extensive debates have emphasised whether a move to accruals basis of accounting would be more feasible. The proponents argue for such a change due to the benefits accruals basis has to offer. There are still heavyweight supporters for cash basis such as IFAC – a body that issued 21 IPSAS based on IMF‚ EU Commission‚ and IFRS / IAS (Jorge Faustino‚ 2008). Moreover‚ there are several organisations
Premium Generally Accepted Accounting Principles Financial statements Government
Integrated Accounting Daniel Evan G. Ong Jan Edick M. Esconde Mark Jay A. Lapidez ongdanielevan@yahoo.com je_esconde@yahoo.com markjaylapidez@ymail.com 09262057431 09223795744 09169957560 INTRODUCTION: PROJECT CONTEXT Integrated accounting is a well-known accounting system in which the accounts are integrated and only a single set of accounts are maintained‚ basically it avoids maintenance of accounts under cost accounting &
Premium Accounts receivable Accounting software Generally Accepted Accounting Principles
Chapter 1 & 2 Summary Accounting is a process of identifying‚ measuring‚ and communicating economic information to permit informed judgments and decisions by users of the information. It is a service activity and the language of business. Its main function is to provide qualitative information that is intended to be useful in making economic decisions. The Accounting process is a series of repetitive activities of recording‚ summarizing and reporting economic transactions from the beginning
Premium Sole proprietorship Balance sheet Asset
Performance OF THE FIRM – ACCOUNTING Professor Hsihui Chang Date‚ Time and Location Office: 3600 Market Street‚ Room 71l Monday‚ 6:00 – 8:50pm Telephone: 215.895.6979 Email: hc336@drexel.edu Office Hours: By Appointment Course Description The course objective is to provide prospective users of financial accounting information with an understanding of accounting fundamentals and the ability to evaluate the quality of financial accounting information for use in business
Free Academic dishonesty Plagiarism Financial statements
the main benefits and challenges of implementing a lean accounting system in a lean manufacturing environment? Do you anticipate interest in lean accounting will grow‚ the methods will change‚ or the concepts will fade out and be replaced with another ‘flavor of the month’? How do you perceive lean principles affecting your career? Justify your answers. I. Lean Accounting Lean accounting often refers to more simplified accounting practices that focuses on eliminating waste‚ reducing
Premium Lean manufacturing
Case 3-6 Accounting Standards A. Given the income statement effects of LIFO versus FIFO‚ how will the balance sheet inventory amounts differ between General Motors and Ford versus Honda and Daimler-Benz? In other words‚ will inventory be reported amounts representing recent costs or older historical costs? In your opinion‚ which balance sheet amounts would be more useful to financial statement users in making decisions to buy or sell shares of a company’s stock? Inventory is an asset that
Premium Inventory Revenue FIFO and LIFO accounting