Financial Accounting Essay - 924 Words

Financial Accounting Companies operate to achieve varies goals. They may be interested in providing a healthy work environment for their employees, in reaching a high level of control, or making contributions to civic and social organization and activities. However, to meet these goals, a company must first achieve its two primary objectives: earning a satisfactory profit and remaining solvent. If a company failed to meet either of these objectives, it will not be able to achieve its various goals and will not be able to survive in the long run. In order to show others how well one company has performed, financial statement is necessary, it is because Financial statements are accounting reported†¦show more content†¦Financing may be obtained from owners, lenders, or both. When owners provide financing, assets and owners equity on the balance sheet increase. When money is borrowed from lenders, assets and liabilities on the balance sheet increase. Neither of these financing events is reported on the income statement. When a business invests in assets like inventory or equipment, payment is made at time of purchase or the purchase is on credit, with payment due some time later. If assets are bought for cash, the balance sheet will report the asset purchased and show cash lower by the purchase price. If the item is purchased on credit, the balance sheet will report the asset purchased and a liability will have increased by the amount of credit extended by the seller. Neither of these investing events is reported on the income statement. The income statement reports only those events that reflect the measured net income from carrying out the operating activities of the business. In fact, the financial statement could be used for a wide rage of user. For example, from time to time, owners and creditors want financial information about the business. Owners of a small business may want information very frequently, e.g., monthly, to help manage the business. Creditors may call for information less frequently to evaluate the companys ability to repay aShow MoreRelatedFinancial Accounting And Managerial Accounting1613 Words   |  7 PagesIntroduction: Both financial accounting and managerial accounting provide important information about the business process. On the one hand, financial accounting provides only financial information to its internal users and external users. On the other hand, managerial accounting basically communicates about financial and non-financial information with internal users such as managers, employees and owners of the company. In other words, managerial accounting provides information to managers who directRead MoreThe Financial Ac counting Standards Board1346 Words   |  6 PagesEarnings per share is introduced by the Financial Accounting Standards Board as the functionality used to calculate an institutions’ earnings for the year-end financial statements. The institutions can be made of up a simple or complex capital structure. It must be calculated on a constant basis in order for reports to remain consistent. FASB provides a formula of â€Å"dividing income available to common stockholders by the weighted average number of common shares outstanding during the period† (FASBRead MoreAccounting Analysis On Financial Accounting1185 Words   |  5 PagesAccounting has many branches that it can be divided into. It can be divided into several areas of activities. Accountings main branches are financial accounting, Management accounting, Cost accounting, Auditing, Tax accounting, Accounting systems, Fiduciary accounting and Forensic accounting. Financial accounting: This branch of accounting measure’s and records the transactions of a business. Financial accounting focuses on the preparation of the five basic financial statements namely statementsRead MoreFinancial and Managerial Accounting628 Words   |  3 PagesBoth financial and managerial accounting analyze economic data, however the major differences between the two strands include; user groups, information type, regulatory control and reporting frequency (Atrill and McLaney, 2012) User Groups: Financial accounting mostly provides information for external stakeholders such as shareholders, lending institutions, prospective investors and creditors, whereas managerial accounting mostly make available information for internal users such as managers andRead MoreFinancial Accounting Standards903 Words   |  4 PagesFASB IFRS Financial Accounting Standards The Financial Accounting Standards Board (FASB) has been around since 1973 and their organization’s duty and task is to set and provide effective and reliable financial accounting standards in the United States. The Financial Accounting Standards Board is also a private sector and is a not for profit organization, also recognized as U.S. Generally Accepted Accounting Principles (GAAP). The Securities and Exchange Commission (SEC) and The American InstituteRead MoreFinancial Accounting1203 Words   |  5 PagesBUSINESS AND LAW ACFI2002 – FINANCIAL ACCOUNTING SEMESTER 2, 2012 ASSIGNMENT 01 Student Name: Tran Thi Ngoc Hanh Student Number: C3173300 Part I: Accounting Standard AASB138 Intangible Assets provides guidelines for accounting treatment of research and development costs for financial reporting purposes. Answer the following questions based on AASB138 and ‘Framework for the Preparation and Presentation of Financial Statements’. (85 marks) Part I: Accounting Standard AASB138 Intangible AssetsRead MoreFinancial Accounting1609 Words   |  7 PagesFinancial Accounting Assignment 2 1 of 25 The credit term 2/10 n/30 means: that after 10 days 2% interest is charged. that there is a 10% discount if payment is received within 30 days. that there is a 2% discount if payment is received within 10 days. there is a 10% discount if paid immediately and 2% if paid within 30 days. 2 of 25 Family Food Stores purchased canned goods at an invoice price of $3,000 and terms of 2/10, n/30. Half of the goods had been mislabeled and were returned immediatelyRead MoreFinancial Accounting1510 Words   |  7 PagesUNIVERSITY Jennifer Lapus MODULE 2/ Case Assignment 2 ACC201 Financial Accounting/Case 2 29 August 2012 Case Assignment: There are three main parts to this case that requires you to prepare and submit a three to five page paper. Please make sure this paper is well organized and covers all of the items below. Part I.      * Why is revenue recognition a significant issue? How do we determine when revenues are recorded for accounting purposes? * Explain the difference between a product andRead MoreFinancial Accounting8263 Words   |  34 Pagesï » ¿1.  Accounting is an information and measurement system that:   A.  Identifies business activities. B.  Records business activities. C.  Communicates business activities. D.  Helps people make better decisions. E.  All of these.    2.  Technology   A.  Has replaced accounting. B.  Has not changed the work that accountants do. C.  Has closely linked accounting with consulting, planning, and other financial services. D.  In accounting has replaced the need for decision makers. E.  In accounting is onlyRead MoreInternational Accounting Standards Board And Financial Accounting1307 Words   |  6 PagesIt all began on October 2002 where the International Accounting Standards Board and Financial Accounting Board signed a memorandum of understanding that has come to be known as the â€Å"Norwalk Agreement†. Here the two boards met and decided to make their standards fully compatible and put it into practice and once they conquer their goal, they have to make sure it is maintained. But before I divulge into details regarding the future and presently achieved goals of the convergence, I would like to throw

A Moment Of Disturbing Clarity - 3126 Words

A Moment of Disturbing Clarity If I had a dollar for every time I heard God referred to as â€Å"he† or â€Å"him,† my college tuition might be paid for. I’m guilty of this myself, in moments, though more conscious of it now. No argument can be made against it, the church is traditionally patriarchal, and dangerously so. In fact, Rosemary Radford Ruether claims in her book Sexism and God Talk, â€Å"Male monotheism has been so taken for granted in Judeo-Christian culture that the peculiarity of imaging God solely through one gender has not been recognized† (53). We can easily address where some of these issues that arise from this might lie- the lack of inclusion in practice, specifically in the Catholic Church with their opposition to the ordination of women modeled after this God, the lack of a sense of afterlife that is attainable by women, and a lack of accessibility to other figures and symbols in the church. More than that, we can point to the issues of their being directly related to sin, as well as the shunning and lack of acknowledgement that spills into shaming of their bodies. Often, however, we ignore the results of these issues. As a direct result of the damage done by patriarchal traditions and patriarchal views of God, women are ill equipped to deal with difficult aspects of their lives. In order to adequately address issues of sadness, suffering, trauma, and other theodical roots, everyone, and women in particular, must be shown a reimagined view of God. Ruether claims,Show MoreRelatedThesis Paper Between photography and cinematography there are always similarities. They both have600 Words   |  3 Pagescreativity now is remarkably different from where we started out. I think revisiting childhood can be a good thing, because our lives can be filled with chaos, confusion, disorder and even complication. And we all strive to find moments of clarity, and order. 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When we transform the way we perceive it, we are forcing ourselves to alter the way we see reality and try to cope with it in a different manner than before. The effectuated change will only modify our viewpoint on it without disturbing anyone else. For this reason, we can say that our beliefs, character and situation are behind the thoughts that create our reality. French philosopher Henri Bergson used to say that â€Å"The eye sees only what the mind is prepared to comprehend†, hence:Read More The Turn of the Screw Essay1076 Words   |  5 Pagesloneliness is presented and; accompanying these emotions we are presented with draping curtains. This raises ambiguity and an uncertain presence. This strong descriptive language gives us a feeling of the place and its gothic ambience. The moment was so prolonged that it would have taken but little more to make me doubt if even I were in life implying that, if she had experienced a little more horror, she too would be transmitted to the dead realms. Again we are repetitively informed aboutRead MoreThe Mid 1960s997 Words   |  4 Pagesconnection still makes me smile. Ten years ago I accompanied a friend being admitted to an inpatient addiction rehab clinic. I sat with him for moral support as the admission nurse asked him the standard questions. For him, entering rehab was a moment of pure defeat, barely better than being in the gutter. The nurse came to the question, â€Å"Do you smoke cigarettes?† As if this was the final indignity he looked at her in despair and said softly, â€Å"I’m trying to quit.† - which made all three of usRead MoreThe Myth Of Sisyphus By Albert Camus1281 Words   |  6 PagesAlbert Camus. Originally published in French in 1942 as Le Mythe de Sisyphe, It was translated into English by Justin O’Brien in 1955. Camus in this essay introduces his concept of the â€Å"absurd†. He talks of man s futile search for meaning, unity, and clarity. He states that for man the world becomes an unintelligible space which is devoid of God, moral ethics and eternal truths. In such a situation one is forced to contemplate ‘Is suicide the only way out hence?’ Camus is of the opinion that by revoltingRead MoreEssay On Man Is Natures Enemy1110 Words   |  5 PagesThe valley did not care that it would someday vanish. That it would be replaced with some exciting new city or town born from the much-detested iron and brick. It did not care that it would soon no longer exist—only that it did now, and that for a moment, the trees and the overhead canopy, the forest on the skirts of the peacefully deserted bordering highway—was left as it had always been: a land spared from the burden of alteration. For even such areas held their own secrets—secrets they didRead MoreGothic Doubling In Assassins Creed1690 Words   |  7 PagesGothic Doubling in Assassin’s Creed: How Altair Represents the Hopes and Fears of Ezio â€Å"Today, I have more questions than answers. This is why I have come so far: to find clarity† (Ubisoft 1:38-1:48). Master Assassin Ezio Auditore da Firenze, main protagonist of Ubisoft’s 2011 video game Assassin’s Creed: Revelations, yearns for the wisdom supposedly left behind at Masyaf Castle by the revolutionary Assassin Mentor, Altair Ibn-La’Ahad. Ezio desires Altair’s knowledge and wisdom to learn more aboutRead MoreThe Digital Possession Of Human Since The 19th Century1154 Words   |  5 Pagesphotography in 1839, the Daguerreotype. Photographs were presented and published on a sheet of copper very thinly plated with silver. The Daguerreotype was a permanent image and it was beautifully done with the illusion of depth and made with startling clarity. 7. Daguerreotype was unique because there was no multiple reproduction of image could be created (Daniels, 1978). It was the first photographic process and it spread around the world due to its unique visualised image. When photo were viewed inRead MoreGoing Abroad Essay1091 Words   |  5 Pagesclosely linked, and each requires creativity in identifying and developing options, for which the brainstorming technique is particularly useful. Good decision-making requires a mixture of skills: creative development and identification of options, clarity of judgments, firmness of decision, and effective implementation. Case Incident 4.2: You supervise 12 engineers. Their formal training and work experience are very similar, so you move them around on different projects. Yesterday, your manager informed

Savage Beast Free Essays

Importance of a good Elevator Pitch – While persistence and ingenuity were also important factors in getting Savage Beast’s initial investment, the investor decided to invest after only ten minutes. This implies that Savage Beast had a strong elevator pitch that was both informative enough and interesting enough to hook an investor. 2. We will write a custom essay sample on Savage Beast or any similar topic only for you Order Now Defined roles – When everybody know what their role in the company entails, it akes for a well-oiled machine. When everybody has a Job to do and everybody is open and understanding of the Job decisions get made that are in the best interests of the company. 3. Sustainable plans – There are a lot of good ideas, but in order to be a successful company these ideas have to have long term footing. Without growth, the company will fail. For instance, if there is a music tool with a small music library, no one will invest. 4. Corporate decisions – It is important for everyone in upper management to be on the same page and to agree on company decisions. When the ounders of a company are not in agreement the entire company suffers. In this case, I think one of them leaving was a good decision. 5. Redirection – Taking a step back and reassessing goals and options can be a huge turn around for a struggling company. There is no shame in stopping one failing strategy as long as the new strategy has purpose and direction. Section C – Discussion Questions 1 . Where exactly did Savage Beast go wrong? There was timing issues (the dot com crash), unsustainable goals, and corporate dissonance, but which were causes and which were effects? How to cite Savage Beast, Papers

Movie Summary Before Sunrise Essay Example For Students

Movie Summary Before Sunrise Essay In the words of Steve Jobs, No one wants to die. Even people who want to go to heaven dont want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It clears out the old to make way for the new. Weaved throughout, Before Sunrise directed by Richard Linklater, there is a synthesizing of ideals of a great Shakespearian tragedy and its foil the Shakespearian comedy, of the fear the submission of death while being filled with love and comedy. The cookie cutter story of two lovers, Celine and Jesse, meet paths in a train, making a pact that regardless the odds they were getting off to roam Vienna, enchanted by the romance and cultural of their surroundings, all till reality hits them again at sunrise. Beyond it being a â€Å"love† story it has a minimalistic plot, with not much happening, aside from walking and talking with a few kisses here and there; it integrates the simplest rendition of the romantic’s conflict between love and its obstacles. The odd thing of the film, is that the dialogue contradicts the characterization of this being a romantic/ dramatic film. The dialogue, carries a strong pull towards a tragedy with the fusion of the themes of death, love vs. time, and the cameos of religious ideals of life and reincarnation, minus the whimsical death. Conversations preoccupied with death, transience and the fragility of life. It’s safe to say that, the influence of the protagonist is the fear of death and mortality, while fighting against time. The question being what happens after sunrise? Nevertheless, Celine’s fascination and attraction to death and reincarnation lead to the magnetism between her and Jesse. That same fascination mutates to an obsession, starting to infect every aspect of her life travel, decision making, and even her choice of literature. In fact, when the couple first meet they ask each other, â€Å"What are you reading? † she responds by showing her the cover of George Batalie book titled Madame Edwards Le Mort, translating the dead man. The tale Jesse tells of himself as a child seeing his grandmother’s ghost in the spray of a water hose, hits a chord on Celine’s own obsession over her own mortality. At this part of the film the characteristics of the romance begin to oozes out , that being the moment where she decided to put her life and safety in the hands of this random person she had just simply connected with. The ambiguity and the unknown of death has caused and controlled Celine’s every action that has occurred up to that point of her life, â€Å"I’m afraid of death 24 hours a day, said Celine. Thus, unconsciously winning her over and convincing her to disembark the train and spend the wild night in Vienna. As they start to embark this journey through out Vienna, they encounter countless individuals, pass numerous landmarks; but Celine remembering her previous travels is attracted to Friedhof der Namenlosen Friendhof der Namelosen , a graveyard filled with Viennese suicide and plague victims, many of them resting for eternity in the sort of anonymity . â€Å"I visited this as a young teenager. I think it left a bigger impression on me at that time than any of the museums we went to. † Celine at an early age gained a respect for the delicacy of life and its worth. Seeing all this lives that were short lives, unmissed, forgotten, and never to exist . .uc040730b998651ca469f14eb4d734b2a , .uc040730b998651ca469f14eb4d734b2a .postImageUrl , .uc040730b998651ca469f14eb4d734b2a .centered-text-area { min-height: 80px; position: relative; } .uc040730b998651ca469f14eb4d734b2a , .uc040730b998651ca469f14eb4d734b2a:hover , .uc040730b998651ca469f14eb4d734b2a:visited , .uc040730b998651ca469f14eb4d734b2a:active { border:0!important; } .uc040730b998651ca469f14eb4d734b2a .clearfix:after { content: ""; display: table; clear: both; } .uc040730b998651ca469f14eb4d734b2a { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uc040730b998651ca469f14eb4d734b2a:active , .uc040730b998651ca469f14eb4d734b2a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uc040730b998651ca469f14eb4d734b2a .centered-text-area { width: 100%; position: relative ; } .uc040730b998651ca469f14eb4d734b2a .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uc040730b998651ca469f14eb4d734b2a .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uc040730b998651ca469f14eb4d734b2a .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uc040730b998651ca469f14eb4d734b2a:hover .ctaButton { background-color: #34495E!important; } .uc040730b998651ca469f14eb4d734b2a .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uc040730b998651ca469f14eb4d734b2a .uc040730b998651ca469f14eb4d734b2a-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uc040730b998651ca469f14eb4d734b2a:after { content: ""; display: block; clear: both; } READ: Movie Overview - Boy EssayNot even in the memories in those who loved them. â€Å"When I was a little girl, I thought that if none of your family or friends knew you were dead, then its like not really being dead. People can invent the best and the worst for you. † It’s brought to our attention the same fear we all face, the not knowing the events, thoughts, or memories of us when we are gone. Celine brings up the question, â€Å"If none of your family or friends know your were you dead, or missing? † Even before the time of Hezekiah, the man that asked for fifteen more years of life and god granted it to him, mankind feared the closing of their death. Throughout this film, the protagonist from the time they leave the train they are in a sense of a split of time where time does not affect them it’s not until they reach the cemetery that time stops. â€Å"She was only 13 when she died. That meant something to me, you know, I was around that age when I first saw this. Hmm. Now, Im 10 years older, and shes still, 13, I guess. † Celine in this quote admires how time does not affect the dead. For that reason that they know t time affects the living, they live spontaneous lives. Yet aware death stops, shortens and controls time. As time passes, maybe we should record it and put it in a vault so that when we get a little old and dont have the energy we can remember how life used to be. The theme of love resonated underneath the more highlighted themes of time, death, and the strongest of the being fear. In spite of the fear of death, mortality and time the protagonist used their love to overcome that fear. Love tore the veil of fear, which allowed them to move on with their lives. The original question was; what happens after sunrise? You tell me.