Financial Accountant essay topics
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Company's Accounts Receivable To A Factor
2,367 wordsAnalysis of Accounts Receivable Analysis of accounts receivable involves two issues: the relative size of accounts receivable and the adequacy of the allowance for uncollected accounts (Murray, Neumann, & Elgers, 2000, p. 220). Size-The size of accounts receivable is usually assessed relative to the amount of credit sales. This seems appropriate because credit sales give rise to accounts receivable (accounts receivable earns no return after the discount period has expired). Most firms do not sep...
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Use Of Financial Statements
2,185 wordsTo: Elizabeth Bruce - Line Manager From: Charvin Ebanja - Accountant Date: 7 November 2002 Subject: Introduction and discussion of Directors (Pentium plc) concerns about the use of published financial statements for evaluating the success of a company. You should discuss the purpose of financial statements for various stakeholders. You should also discuss the impact the different accounting policies have on the final published figures. The company we have chosen to focus on is the Selfridges Gro...
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Financial Account For The Canadian Economy
941 wordsCanada The Canadian economy and the United States economy tend to move together because of the amount of transactions that take place within the two nations due to their geographical proximity. With the United States recently experiencing a downturn in the economy, analysts estimate that the Canadian economy will not be far behind. However, in the past 10 years the Canadian economy and especially the trade balance have been very healthy. Current Account Since 1992, Canada has increased their amo...
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Financial Reports As The Total Expense
1,160 wordsCorporations Law Short Anwersa) Any entity which is considered a reporting entity is required to prepare a report in accordance with the requirements of the Corporations Law. Briefly explain why you agree or disagree with the above statement. A reporting entity is defined as an entity for which there are users who rely on the financial statements, generated from its financial information, as their major source of financial information. These financial statements are used in the decision making p...
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Revenue Recognition Procedures And Informix's Reason
3,024 words... MEMORANDUM Date: February 22, 2005 To: Deborah Jones, Coordinator of WSU-Financial Accounting Research Program From: Alina Tous ain, Sruti Lik hite, Karthik Krishnamurthy Re: Group 2 - Case 2.1 "Software Revenue Recognition: Informix Corporation " Companies following GAAP can manage earnings by simply altering its accounting policy to select those accounting principles that benefit them the most. Entities have a host of reasons for selecting those principles that will paint the rosiest finan...
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Pressures And Tricks Of Earnings Management
2,498 wordsOn September 28, 1998, Chairman of the U.S. Securities and Exchange Commission Arthur Levitt sounded the call to arms in the financial community. Levitt asked for, "immediate and coordinated action to assure credibility and transparency" of financial reporting. Levitt speech emphasized the importance of clear financial reporting to those gathered at New York University. Reporting which has bowed to the pressures and tricks of earnings management. Levitt specifically addresses five of the most po...
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Acquired Ipr D
2,289 wordsPURCHASED IN-PROCESS RESEARCH AND DEVELOPMENT When one company purchases another, it absorbs the acquired firm's assets and liabilities onto its balance sheet. One part of the acquired company that belongs to neither area is in-process research and development. Acquired in-process research and development (IPR&D) that is written-off represents purchased research and development that has not yet demonstrated technological feasibility and has no alternative future use (web). In other words, it is ...
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Laurier Mba Cma Program
437 wordsDescribe your career aspirations and why you have decided to enter Laurier's MBA program at this time. Upon graduating from university with a degree in mathematics, I embarked upon a career in consulting. I continued my education by enrolling in the Association of Investment Management of Research's Chartered Financial Analyst program and successfully passed the first of three exams: Level I. While preparing and studying for this exam, I was concurrently gaining some exposure to the Financial Ac...
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International Harmonization Process Of Accounting Standards
2,764 wordsAustralian Companies are required to adopt International Accounting Standards by 1st January 2005. What are the reasons for this move and what problems does it cause for financial reporting by these companies? Before we touch on the reasons and problems on financial reporting by Australian Companies, I shall give a brief introduction of International Accounting Standards and its impact on Australian Companies. Introduction Under the strategy announced by the Financial Reporting Council (FRC) at ...
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Accounting For Derivative Instruments And Hedging Activities
1,593 wordsAccording to Peter Coy of the International Swap & Derivative Association, the estimated derivative market worldwide encompasses over 150 trillion dollars. This is in far excess of the yearly Gross National Product of the entire United States! But what exactly are derivatives? Derivatives are financial contracts in which two or more parties take opposite positions as to how a price, index, or interest and currency rates are going change. They, in effect, "derive" their value based on an underlyi...
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Firm Performance For A Specific Accounting Period
789 wordsINT / INC - 1 Users of Financial Statements What you look for in the statements depends on your objectives ^u Equity investment: profitability, risk, cash generating ability ^u Merger and acquisition: profitability, risk, price to pay, impact on financial statements. ^u Credit extension / Customer health: short-term vs. long-term, ability to pay interest & -principal, liquidity. ^supplier health (supplier of key raw material, supplier's quality, JIT): cash generating ability, profitability. ^u E...