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Essays on Accounting

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Conquest Mining Company: Various Accounting Concepts

Running Head: CONQUEST MINING COMPANY 1 CONQUEST MINING COMPANY 12 Conquest Mining Company Name Institution Instructor Course Date Abstract This paper seeks to bring clear understanding of various concepts of accounting. It will cover the application of those various concepts indicating how they are helpful and how accounting contribute towards the performance of a company or organization. Australian exchange Security Company by the name Conquest Mining Company has been chosen to refer and show how accounting is applied to those various organizations. In addition the paper will be addressing the...
Accounting
Pages 12 (3075 words)

Financial Standards: Accounting Principles

Running head: ACCOUNTING PRINCIPLES 1 ACCOUNTING PRINCIPLES 6 Accounting principles Name Professor Institution Course Date There are changes that have taken place in the business world today. Business operations and functioning have been affected by the technology advancements that have taken place. Accounting has remained the most reliable business function in organizations today. There are some business procedures and methods that have changed but accounting has remained to be the same. Accounting is an important function in business organizations as it reflects the performance of an organization through financial statements...
Accounting
Pages 5 (1197 words)

Accounting for Government: Guiding Principles

Running head: ACCOUNTING FOR GOVERNMENT 1 ACCOUNTING FOR GOVERNMENT 4 Name Professor Institution Course Date Introduction Advanced financial accounting guidelines were introduced by the Financial Accounting Standards Board for not-for-profit organizations to ensure that there is an enhancement of the level of transparency and accountability. The purpose of the formulated guidelines was to ensure that there are advanced changes in the current standards for financial accounting in place. Thus the argument that these standards are meant to replace the existing guidance structures is not valid. The areas targeted for improvement...
Accounting
Pages 3 (655 words)

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Can- Or Do Accounts Count? Are Accountants Relevant in Today’s Digital World?

Running head: CAN- OR DO ACCOUNTS COUNT? 1 CAN- OR DO ACCOUNTS COUNT? 2 Can- Or Do Accounts Count? Name Tutor Course Date Can - or Do Accounts Count? Are Accountants Relevant in Today?s Digital World? Basically, accounts are records of financial statements that are stored in order to monitor the financial flow in organizations or companies among others. In conjunction to this, accountants are individuals specialized in carrying out accounting tasks such as auditing among other financial related functions. They work professionally in order to meet their set up...
Accounting
Pages 3 (734 words)

Reserve for Doubtful Receivables

Running head: RECEIVABLES 1 RECEIVABLES 2 RECEIVABLES Student’s name Professor’s name Institution Course Date Receivables Allowance for the doubtful accounts does represent the best estimate by the management of the total amounts of the accounts receivable which the customers will not have to pay for, (Weygandt, Kimmel & Kieso, 2015). It does not reflect the subsequent experience which could be different from the expectation. If the experience differs from the estimation, the management makes an adjustment of the methodology used so as to bring the reserve into alignment with the...
Accounting
Pages 2 (358 words)

Sarbanes-Oxley Act of 2002 and Dodd-Frank Wall Street Reform and Consumer Protection Act

Running head: SARBANES-OXLEY ACT OF 2002 AND DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT 1 SARBANES-OXLEY ACT OF 2002 AND DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT 8 Sarbanes-Oxley Act of 2002 and Dodd-Frank Wall Street Reform and Consumer Protection Act Name Professor Course Institution Date Following the collapse of Enron, WorldCom, Arthur Andersen, and Tyco, corporate names became synonymous with greed and scandal and the public lost confidence in the market. On July 30, 2002, the Sarbanes-Oxley Act of 2002, SOX was signed into law in response...
Accounting
Pages 12 (3168 words)

Statement of Purpose for Admission by an Accountant

Running Head: STATEMENT OF PURPOSE FOR ADMISSION 1 STATEMENT OF PURPOSE FOR ADMISSION 2 Statement of Purpose for Admission Student’s Name Institution Affiliation Date Since I was a 12 years, I liked dealing with money. My parents trusted me with money because they believed that I want accountable and responsible. In addition, when my brothers needed to safe money for future use, they always trusted me with the amount and had no doubt that their money was in safe hands. My family used to call me an accountant because I...
Accounting
Pages 2 (328 words)

Arthur Andersen’s Auditor Scandals

Surname 3 Name Professor Course Date Arthur Andersen scandals Introduction Arthur Andersen owned accounting firms in America, which provided services such as auditing, tax, and consultation. He was found guilty by the government of America on criminal charges based on the auditing of the firms such as the Enron(Energy Company) located in Texas, waste management incorporation which served three states, sun beam filed bankruptcy and WorldCom. The Waste Management Inc.’s was founded in 1971, which served over 27 million residential commercial municipal and industrial areas in three states. Mr. Andersen...
Accounting
Pages 4 (903 words)

Managing Account Receivables: Loan

Running Head: MANAGING ACCOUNT RECEIVABLES MANAGING ACCOUNT RECEIVABLES 2 Managing Account Receivables Professor Institution Course Date Introduction Account receivable is created when a customer buys but does not promptly pay for it. In this effect, they take a “loan” from the company and promise to pay at a later date .As posited by Michalski, G. (2012), steps in managing accounts receivables are as follows; 1. Sign a Contract and Check Credit. Managing accounts receivable starts before the initial invoice comes out the door. With the guidance of legal counsel, develop a...
Accounting
Pages 2 (428 words)