Accounting

1. Introduction Propelled by globalization, world attention today is centered on two emerging market economies, India and China. China’s managed liberalization has allowed it to achieve more rapid growth and has attracted a larger portion of direct foreign investment. India, with its messy democracy and nod to individualism in recent times promises a more exciting […]

Creative accounting can be refers to accounting practices that seem to follow the applicable accounting standards but differ from the essence of those standards. It use the accounting methods to hide some elements of company’s financial dealings in order to make the company appears more successful that it is in reality. Creative accounting also can […]

ACKNOWLEDGMENT I would like to express my greatest gratitude to the people who have helped and supported me throughout my assignment. I am equally grateful to my TUTOR: IZDIHAR B. BAHRIN @ MD. DAUD and E-TUTOR: BALDEV SINGH A/L PERTAB SINGH for his continuous support for the assignment. He gave me moral support and guided […]

NATURE OF FINANCIAL STATEMENT The data exhibited by financial statements are affected by a)Recorded facts b)Accounting Concepts, Conventions & Principles c)Personal Judgment 1)Recorded Facts: The term recorded facts means the data used for preparing financial statements are taken from accounting record which are facts. i. e. Cash in Hand: Actual cash is recorded Amount due […]

Accounting Career Essay Kawanza Carey Everest Online University Strategies for Success 221 Accounting Career Essay Most people think accounting is just crunching numbers all day; everyone uses some form of accounting. There is much more to accounting than just crunching numbers. There are many types of accountants, covering a wide range of the business world, […]

What ethical threshold did Mr. Jack Grubman cross when he started advising the board of WorldCom? How does this relate to the role of external auditors and their interactions with client companies? As an analyst, Mr. Jack Grubman had the authority and objective expertise to pass judgment on WorldCom stock for prospective investors. This included […]

Grade 45/50 Managerial Accounting 505 Case Study Week 3 A. What is the break-even point in passengers and revenues per month? Total Per UnitPercent Sales: 160 X 90 $14,400$ 160100% Less variable costs/expenses: . 70 X 90 $ 6,300 $7044% Contribution margin: $ 8,100$9056% Less fixed costs/expense: $3,150,000 Net operating income: $3,141,900 8,100 /14,400 = […]