Category: Accountancy

Analysing Carbon Management Accounting Definition of carbon management accounting and four different ways within which companies can approach carbon management Environmental pollution is one of the major issues that the corporate world faces. Therefore, it is critical for organisations to ensure their operations are sustainable. Carbon is one of the major environmental pollutants. Therefore, companies…

Table of Contents Introduction Importance of Curriculum Challenges within the Accounting Curriculum Literature Review Discussion Conclusion Reference List Introduction Curricula have a significant role in the education process as they clearly define how educators and students should spend their time to achieve outstanding results. It is possible to say that a curriculum determines the learning…

Table of Contents Introduction Public and private similarities and differeneces Peroformance measurement Conclusion References Introduction Certified Public Accountants are independent professionals are comparable to attorney or physicians, who offer accounting services to clients for a fee. CPA Firms vary in size from one-person practices to large, international organizations with several thousand professional accountants. The CPA…

Table of Contents Introduction Concept of Tax Purpose of Tax Types of Taxes Value Added Tax Principles of a Sound Taxation System Impacts of Taxation on Society Conclusion References Introduction Local and federal governments require financial resources to run their operations and provide essential services to the public. One of the approaches that these administrations…

Table of Contents Introduction Rules and Regulations A Sample Company References Introduction Colombia is one of the countries of the developing world that is located in the continent of South America. It is a free market economy with major economic relations with the United States. The economy of the Republic of Colombia could be described…

Table of Contents Introduction The GAAP principles limitations Potential benefits of the new practice Conclusion Work cited Introduction It is important to appreciate the role played by revenue recognition in the preparation of financial statements. Considering the wide use of financial statements in the decision-making process, it is important to have a universally recognized mechanism…

Table of Contents Discoveries, Revelations and Impressions Bibliography Footnotes Discoveries, Revelations and Impressions A presentation concerning accounting and finances was provided by Dr. Ebenezer. In his presentation, Dr. Ebenezer provided a brief overview of the phenomenon of financial accounting, as well as the process known as operational accounting. The presented identified the key functions of…

Table of Contents Introduction The ‘True and Fair View’ Stewardship International Reporting Standards Foreign currency reporting Off-balance sheet items Conceptual framework Conclusion References Introduction In an economy, financial transactions are inherent. Companies and other entities need to communicate to the employees, the public and statutory administrative bodies about the transactions they perform which have financial…

Table of Contents Y-Budget Limited Introduction Benefits of Budgets Problems with budgets Behavioral Aspects of Budgeting Conclusion Reference List Y-Budget Limited Production Budget in Units Month Opening stockUnits Production for the month – Units (75% of Current Month Sales + 25% of Next Month Sales) September 125 450 October 75 275 November 50 200 December…

FAS 143: Accounting for Asset Retirement Obligations addresses financial accounting and reporting is used for the retirement of tangible long-lived assets’ obligation and the related assets retirement costs. According to the statement, Auto World’s decision (on April 15, 2007) to close its 30 freestanding Pit stop centers is an asset retirement obligation in which the…