Accounting Essays

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Accounting Essays

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Working Capital Current Assets Minus Current Liabilities Copy

Working capital: Current assets minus current liabilities. Working capital measures how much in liquid asset as company has available to build its business. The number can be positive or negative, depending on how much debt the company is carrying. In general, companies that have a lot of working capital will be more successful since they can expand and improve their operations. Companies with negative working capital may lack the funds necessary for growth. also called net current assets or current capital....

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Working Capital Current Assets Current Liabilities

Working capital: Current assets minus current liabilities. Working capital measures how much in liquid asset as company has available to build its business. The number can be positive or negative, depending on how much debt the company is carrying. In general, companies that have a lot of working capital will be more successful since they can expand and improve their operations. Companies with negative working capital may lack the funds necessary for growth. also called net current assets or current capital....

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Work Study And Work Simplification

Work study is primarily related to human work, method of doing work and standard of performance. It is an important management tool to achieve higher productivity. The survival of any organisation depends on use of latest technology and well-organized methods of production. The efficiency of production should be improved to produce better quality product at reduced cost. Historically, work-study aims at improving the existing and proposed ways of doing work and establishing standard time for work performance....

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Working Capital Management At Tvs Sundaram Motors

The report objective is to understand the working capital management practices followed at TVS Sundaram motors. Working capital management is a crucial aspect of business for any organization. The report carries the details of working capital management processes followed by financial analysis of TVS Sundaram motors. The financial analysis includes various tools such as ratio analysis in order to understand and arrive at conclusions regarding the financial position of TVS Sundaram motors. These conclusions are then used to come up with certain strategic recommendations which might help improving the working capital position at TVS Sundaram motors....

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Workers Productivity Is The Key Factor In Organizational Success

Workers’ productivity is the key factor in organizational success, since they serve as the driving engine for the organization. Productivity is influenced by workers’ motivation for work. Motivation has a direct effect on the productivity. Therefore, in order to improve workers’ productivity, it is imperative that their motivation is enhanced. Maslow and Herzberg theories will be used in this study. These two theorists will be used as a survey for needs, motivators and demotivators. The research will take place in a Thai Floor tile manufacturing company. While needs in Thailand considers low on Maslow due to economics, we will...

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World Bank Imf Report On Observance Of Standards And Codes

The World Bank’s July 25, 2003, Accounting and Auditing Report on Observance of Standards and Codes reveals that Colombia has a modernized economy consisting of various/diverse industries and an educated workforce....

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Zero Based Budgeting Emerged To Overcome The Limitations Of Incremental Budgets

Zero-based budgeting emerged to overcome the limitations of incremental budgets. This approach requires that all activities are justified and prioritized before decisions are taken relating to the amount of resources allocated to each activity. Besides adopting a zero-based approach zero-base budgeting also focuses on programmes or activities instead of functional departments based on line-items which is a feature of traditional budgeting. Programmes normally relate to various activities undertaken by municipal or government organizations....

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Zero Based Budgeting

Free Accounting Essay - Zero based budgeting ...

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Yin And Yang Of Convergence To Global Standards In Accounting

Already a wide rage of debate is raging about the implementation challenges of transitioning into International Financial Reporting Standards (IFRS) and its impact. A major and indispensable element of smooth transition into IFRS is the convergence of Reserve Bank of India (RBI) guidelines with the principles laid down in IFRS. Succinctly, the successful adoption of IFRS is dependent on the flexibility and acceptability of IFRS by RBI. Banks would need to soon adjust to accounting changes that are enforced by IFRS. Roadmap for the convergence of Indian Accounting Standards with IFRS, with respect to banking companies, requires all scheduled commercial...

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Zenre Technology Analysis Of Costing System

The purpose of this report is to identify the actual cost for Robin and King models by using Activity-Based Costing System. The information that has been provided in preparing this report includes the income statement, direct materials and labour used, machine costs per hour and the manufacturing overhead other than machine costs. Zenre Technology manufactures two types of television, namely Robin which was being produced since 2004 and King which was only introduced in 2007. Based on the analysis performed, the company should concentrate on the Robin model since it is more profitable as compared to the King model which...

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Xamining Corporate Governance Developments In The Uk

Initial corporate governance developments in the UK began in the late 1980s and early 1990s in the wake of corporate scandals such as Polly Peck and Maxwell. Financial reporting irregularities led to the establishment of the ‘Financial Aspects of Corporate Governance Committee’ led by Sir Adrian Cadbury. The resulting Cadbury Report published in 1992 outlined a number of recommendations around the separation of the role of an organisation’s chief executive and chairman, balanced composition of the board, selection processes for non-executive directors, transparency of financial reporting and the need for good internal controls. The Cadbury Report included a Code of...

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Worldcom What Went Wrong

We will discuss the accounting frauds committed by WorldCom, the leading US telecommunications giant during the 1990’s that led to its eventual bankruptcy. Our report provides a detailed description of the growth of WorldCom over the years through its practice of mergers, acquisitions and an insight into the ways, by which WorldCom manipulated its financial statements....

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Why We Need Accounting Standards

This essay talks about Accounting Standards which is important in financial. And it is interesting topic which discusses identified accounting standards which is important to each company. And it is analysis different things which relate with Accounting Standards as: International Accounting Standards (IAS), Accounting Standards Board (ASB), why we need accounting standards? , different accounting standards, and finally advantages and disadvantages of accounting standards...

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Why The Issue Under Discussion Is Crucial

Relevance means the capacity of information to make a difference in a decision by helping users to form predictions about outcomes of past, present, and future events or to confirm correct prior expectations. Reliability means the quality of information that assures that information is reasonably free from error, bias and faithfully represent what its purports to represent. Conventional accounting objectives and concepts are needed to guide existing accounting practice, prescribe future accounting practice and define key terms and fundamental accounting issues. The accounting measurement is based on the cost principle that considers the acquisition cost or historical cost. The method...

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Why The Ifrs Cant Resolve All Financial Problems

In this age of change, IFRS (International Financial Reporting Standard) have adopted in many countries. Compared by IAS (International Accounting Standards), IFRS have more advantages and developments. What is more, IFRS have extensively adopted in the European Union’s (EU) which is more significant of investors and standard setters. Nevertheless, because of IFRS development, some problems have arisen such as it might alter the enterprises financial reporting structure and have influence of the whole accounting quality. Refer to these problem, financial analysts have to take some measurements to solve them....

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Will Converging Iasb And Fasb Aid Business

The globalized world with the investors and share holders spreading around the globe has make a dire need for the law making bodies and accounting organizations to present rules which enables corporations to make and present their financial statements with uniformity and consistency....

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Why We Have To Concern More About Stakeholder Not Only Shareholder

The answers to these questions are all linked to corporate governance: a lack of effective corporate governance meant that such collapses could occur; good corporate governance can help prevent such collapses happening again and restore investor confidence. (Mallin 2010a) According to the collapses of high profile companies around the world in the recent year such as Baring bank, Enron and China Aviation Oil, these are the high-profile scandals who all failed in the good corporate governance such as lack of effective internal control, lack integrity of director to do the business and too powerful of CEO to make the decision...

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Window Dressing Of Financial Account Is Fraudulent

According to Wikipedia Online “accounting is the art of communicating financial information about a business entity to users such as shareholders and managers”. The Law of commerce states that business organisation must objectively record the accounts of the business organisation. These laws also state accounts must be clear and represent a fair and true record of the financial affairs of a business; these laws also put in place regulations on distinct ways in which a business organisation can present their accounts. Corporate management have some discretion in influencing...

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Will Nations Be Able To Overcome Differential Accounting Standards

Globalization, increased FDI growths and complicated financial trade have triggered the need for international accounting. Many challenges restrict the smooth implementation of International Accounting regardless of the benefits it offers to companies, investors and lenders. Factors influencing IA encompass cultural and social values, economic conditions, legal and political environment, and collaborative efforts of the nations. It is important, for our understanding, to analyze why countries adopt different accounting standards (SEC Release, 2008)....

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Window Dressing Of A Financial Account

According to Wikipedia Online “accounting is the art of communicating financial information about a business entity to users such as shareholders and managers”. The Law of commerce states that business organisation must objectively record the accounts of the business organisation. These laws also state accounts must be clear and represent a fair and true record of the financial affairs of a business; these laws also put in place regulations on distinct ways in which a business organisation can present their accounts. Corporate management have some discretion in influencing...

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With The Rapid Changes In Financial Sector Across The World

This section makes a comparison between the Mauritian Global Business Sector with those of Seychelles, Hong Kong and Dubai. An important thing to mention is that Seychelles has two types of offshore companies, the Special Licensed Company (CSL) and International Business Corporation (IBC), which has been modelled on Mauritius Global Business after seeing the success of Mauritius Financial Services sector....

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Woman With Pearl Necklace

De vrouw heeft een rood lint in haar haar. ...

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Will Sox Prevent Another Enron

This paper looks at the Sarbanes Oxley Act and how will it stop another corporation from failing. In the midst of the failures such as Enron, WorldCom, and HIH just to name a few, there has been a lot of talk and figure pointing on what went wrong? Is the Sarbanes Oxley Act the solution to these ever raising problems?...

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Why Firms With Abc Systems Are Experiencing Problems

This paper studies the reasons why many of the firms with activity-based costing (ABC) systems are experiencing difficulties. It also examines the causes of resistance to ABC, considering at different interests of organizational stakeholders, and how the control and information systems affect ABC implementation, and suggests that some sources of resistance to ABC may be unlikely to be done with through using the strategies based on implementation....

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Why Fraud Prevention And Detection Is Global Concern

The aim of this writing is to present how fraud is defined today, why fraud prevention and detection is global concern and introduce main means of detecting and preventing fraud....

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Why Ethics Is Important To Auditors

Sir Adrian Cadbury, who chaired the U.K’s Committee on the Financial Aspects of Corporate Governance which reported in 1992, stated that corporate governance was “ the system by which companies are directed and controlled” (Cadbury Report 1992, page 15). This definition is sufficient but clearly conveys the importance of controls in the company. Corporate governance, the process whereby directors of a company are monitored and controlled, involves decision making, accountability and monitoring....

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Why Do We Need So Many Accounting Theories

Merriam-Webster defines theory as " a plausible or scientifically acceptable general principle or body of principles offered to explain phenomena.....," and "a hypothesis assumed for the sake of argument or investigation." [1] In accounting, a theory aims to explain (i.e., why?) and predict accounting practices (Watts and Zimmerman 1986)....

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Why Do We Need Environmental Accounting

Environmental accounting is a significant instrument for understanding the role played by the natural environment in the economy. Environmental accounts offer facts which focus mutually the influence of natural resources to economic welfare and the costs obligatory by pollution or resource deprivation. Environmental accounting occasionally stated as "resource accounting", "integrated economic and environmental accounting" or "green accounting" (Glennester, 2008)....

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Why Do We Need So Many Different Theories In Accounting

Essentially, in term of accounting research as a social practice, the core difficult sage which the accounting has been facing, that there is no standard theory to be applied in general model as it is being accepted universally....

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Why Government Participation In Research And Development

RD is the investigative activity or activities that a business chooses to conduct with the intention of finding something that can either lead to the development of new products or procedures, or to improve existing products or procedures....

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Why Might The Enron Collapse Make A Good Play

Prepare a business report (as if for senior management) on two of the following. Use the Internet as a resource. Length about 200-300 words each excluding any appendices. Use correct referencing and include a bibliography....

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