Category: Accountancy

The effort to achieve a single set of global accounting standards has gained significant momentum in the recent past. The logic behind the development of a single set of high-quality global accounting standards for the worlds integrating capital markets has become more evident especially with the collapse of major corporations in the recent past which…

Introduction This paper seeks to define a word or a concept or an object idea in such a way that a reader is able to understand precisely what is meant by the word being defined, analyzed, described, discussed and explained. This paper has chosen to dwell on the word accounting by applying several rhetorical strategies…

Table of Contents Importance of timing differences in accounting and businesses Temporary and permanent differences Current and deferred tax assets and liabilities References Importance of timing differences in accounting and businesses In business, it is important to make an accurate tax return so as to avoid the costs associated with penalties that arise from filing…

Capital investment analysis is the tool that managers use to set up the investment process. It is through this analysis that the investment necessities of the company became clear. It also gives an idea about the potential results of the investments to be made. Thus, the first advice for Genette would be to get to…

Accounting processes demand that companies categorize any investments or funds in equity securities or liability when they are acquired. These investments bought particularly equity securities can be put into custody until they mature, held also for buying and selling, or accessible for the transaction. Held to Maturity is the ability to hold an investment until…

Introduction, Review of accounting Process and Financial Statements Generally Accepted Accounting Principles (US GAAP) US GAAP is the generally accepted accounting principles followed by companies operating in USA and or listed in the Wall Street exchange. It involves enormous volume of standards, interpretations, opinions and bulletins, formulated by the FASB (Financial Accounting Standard Board). It…

Introduction A lease is a contract enforceable by law which defines an agreement between a lessor (owner of property) and lessee (renter of a certain property). It defines things like the duration of the lease agreement, the amount of rent, and any other conditions defining the lease agreement. When a business has acquired properties through…

Table of Contents Introduction Voluntary versus Mandatory disclosure Mandatory disclosures Voluntary disclosure Conclusion References Introduction The theme International corporate reporting and financial accounting, is a vast area of research and study that goes a long way to elaborate corporate financial reporting and transparency. It is important to note that the need for proper transparency and…

Table of Contents Summary Managerial and Financial Accounting Financial Risk and Financial Return Complex Health Care System in the US Ways in Which Health Care Organizations Get Paid Gross Charges Are Not Revenue in Health Care References Summary As far as the topic of finance is concerned, it is first of all necessary to understand…

Introduction This refers to a process where a firm evaluates reviews and compares its internal departmental performance against the set standards and where there is deviation a necessary step is taken accordingly. Any strategy adopted by a firm will have a direct impact on the performance and hence its survival. This explains why the management…