Category: Accountancy

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…

The development of the contemporary world proved that the personal success in modern life and the prosperity of the whole nation is possible applying new technologies and innovative conceptions. I fully agree with Pilat who notices, the recent slowdown has laid to rest several myths regarding the new economy: the business cycle is not dead,…

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…

The paper tries to detail why it is a requirement for companies to adhere to the generally accepted accounting principles when following the rules of financial reports. Starbucks has been used in the paper as an example as they are a major company that adheres to the set standard all over the world. Reporting control…

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…

International Accounting Standard 18 (IAS 18) addresses issues relating to revenue and the various instances whether or not revenue should be recognized. According to this standard, revenue can only be recognized to have accrued to an entity only if it meets a number of key conditions among them being: ..The company has transferred to the…

Impact of Foreign Exchange Rates When a corporation decides to conduct business internationally, it will be exposed to two significant accounting risks associated with export sales and import purchases. These risks are related to fluctuations in foreign currency exchange rates. When speaking about export sales and import purchases that are paid for immediately, there are…