Category: Accountancy

Table of Contents Stakeholders position Solution to the case IMA standards and Support References Stakeholders position United Thermostatic Controls is engaged in the manufacturing and marketing of residential and commercial thermostats. Appliance efficiency averages establish lower power levels for appliances and may forbid the sale of less effective models. More severe appliance efficiency standards would…

Table of Contents Introduction Asset Retirement Obligations Objectives of SFAS 143 Modus operendi of SFAS 143 Liability-based recognition and measurement of AROs Fair Values as the basis of measurement Effects on financial statements Conclusion References Introduction Asset retirement obligations imply liabilities to meet out the potential adverse effects on decommissioning and dismantling of long-lived assets…

Table of Contents Abstract Introduction Limitations of accounting processes Income measurement Connect using References Abstract Accounting and Finance is a very important function of any business either for profit-making or for non-profit making institutions. It provides an avenue where a business analyses its operations in terms of what they own, what comes, and what goes…

Introduction It is the devising and analysing business processes, making budgets, doing forecasting, introducing internal controls and monitoring the same and evaluating, synthesising and compiling information mainly to derive economic value. It is an accounting technique employed for the development, management and implementation of decision-making process of a business entity. Managerial accounting is to offer…

In accounting, many transactions are carried out, and one must be keen to ensure that the correct information has been obtained. The failure to balance the sheets will lead to wrong decisions, and this will affect the organization since there will be errors in calculations leading to the organization incurring losses. Historical exchange rates provide…

Financial statements reflect the financial impact of transactions and other events by combining them into large classes according to their economic characteristics. These large classes are called financial statement elements. Elements directly related to the measurement of financial statements in the balance sheet are assets, liabilities, and shareholders equity. Only if property and finances are…

Table of Contents Introduction Managing Working Capital Cost-Volume-Profit Analysis References Introduction Working capital is really important for any kind of business organization. It is known as life blood of any firm. Khan and Jain (2007) purports that an industry needs working capital to operate its organizational activities Cost-Volume-Profit Analysis is necessary to make industry stable…

The period of financial crisis made specialists of all spheres to deepen into the most problematic issues and develop all possible ways out. The aspects of ethical issues in the accounting field is closely interacted with financial changes in the banking system. Such issue as ethical standards in accounting has always been a subject of…

Introduction Pork Inn is one of the most popular sausage joints in Ohio. It is located in an upmarket area. Pork inn is a popular place for customers who live pork products, especially young people who come from well to do families. The restaurant is housed at HZ Towers, an ultra-modern green building near the…

Introduction FastBikesInc is a company that specializes in the assembling and repair of motorcycles. The company is located in Portland, Oregon. The company is currently facing financial challenges. Managing cash flows at FastBikesInc is paramount to ensure the company does not fall into too little money to sustain the business or too much liquid cash…