Need an argumentative essay on Accounting III/ Assignment Issue. Needs to be 2 pages. Please no plagiarism.
al information, as GAAP comprises a broad set of principles that have been developed by the accounting profession and the Securities and Exchange Commission”(www.cliffsnotes.com). Epstein, Nach and Bragg (2008) go to great lengths to clarify the principles GAAP stands for and “suggest procedures that could serve as a general model for approaching research on accounting issues, including authoritative literature (ibid, pp 20-21).
A total of twelve principles are accepted as universally applicable, and are explained in detail in CliffsNotes’ article (www.cliffsnotes.com). These twelve principles are Economic entity assumption. Monetary unit assumption. Full disclosure principle. Time period assumption. Accrual basis accounting. Revenue recognition principle. Matching principle. Cost principle. Going concern principle. Relevance, reliability, and consistency. Principle of conservatism and Materiality principle. In an article of Jun 17, 2009 titled: ‘Acceptable Practices Throughout the Accounting Cycle’, Miller breaks up the twelve into three sub-groups of four, with Economic entity, Monetary unit, Time period and Going concern termed ‘Assumptions’. Cost, Full disclosure, Revenue recognition and Matching called ‘Principles’ and the remaining termed ‘Constraints’(gaap-standard-accounting-practices.suite101.com).
Cutting across these groupings, Miller believes that GAAP assists in ensuring that financial statements are: Relevant, Reliable, Consistent and Comparable (ibid). These four terms are best explained by Bradford in her article on the same site, dated Aug 6, 2007 (gaap-standard-accounting-practices.suite101.com).
Comparability is one of the most important GAAP categories. This way, a company’s financial statements/documentation can be compared to those of similar businesses. This factor is of great interest to the investing public (ibid).
Closer examination reveals that three factors apply directly to the case under review, which are
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Need An Argumentative Essay On According To Porter 1985 12 If A Firm Is To Attai
/in Uncategorized /by developerNeed an argumentative essay on According to Porter (1985:12), if a firm is to attain a competitive advantage, it must make a choice about the type of competitive advantage it seeks to attain and the scope within which it will attain it. Critically discuss the three generic strategies u. Needs to be 7 pages. Please no plagiarism.
In his statement, the three generic strategies were defined alongside two distinct dimensions: the strategic strength and the strategic scope. A strategic scope is a demand-side dimension and mainly looks at the competency as well as the strength of a particular firm (Sehgal, 2011). Particularly he defined two competencies that he felt relevant and most important which were the product costs otherwise stated as efficiency and the product differentiation.
Empirical studies on the profit impacts of the marketing strategy show clearly that a firm, which has a high market share, is often quite profitable although there were many firms that have had small market share (Lowy, 2011). Indeed, the firms that were least profitable were those that had moderate market share. However, this was referred to as a hole in the middle problem. Porter argued and gave an explanation that firms that had high market share were found to be most successful since they pursued a cost leadership strategy while those with low market shares were successful because they made good use of the market segmentation in focusing on a small although profitable sort of market niche. It was observed that the firms in the middle were less profitable since they lacked a viable generic strategy. He also argued that combining multiple strategies would only be successful in one case (Haberberg, 2008).
Further, he added that combining both market segmentation and the product differentiation would be an effective way of matching a firm’s product strategy, which relied on the supply side to the characteristics of one’s target market segment on the demand side. Porter proved that, it was impossible to merge both cost leadership with the product differentiation in implementation due to conflict between the cost minimization and the additional cost, which is referred to as the value-added
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Need An Argumentative Essay On Accounting And Finance Will Send You Fquestions F
/in Uncategorized /by developerNeed an argumentative essay on Accounting and Finance will send you fquestions file. Needs to be 1 pages. Please no plagiarism.
s that both the companies are efficient in utilizing their capital and equity to generate sufficient profits despite the fact that Wimbledon has a higher ratio than Kensington. The Net Profit Margin and Gross Profit ratio of Kensington are higher than that of Wimbledon. To make it worse, the ratios of Wimbledon are below the industry averages (Bull, 2008).
The total assets turnover and non-current assets of Wimbledon is higher than that of Kensington. The ratio of Kensington was lower than the industrial averages. This implies that Wimbledon is efficient in utilizing its total assets and non-current assets to generate sufficient revenue. Apart from receivables collection period of Wimbledon being below the industrial averages, it is also below that of Kensington (Tennent, 2008). This shows that Wimbledon is very efficient in collecting its debts. The Inventory holding period follows the same trend as the receivables collection period. This reveals that Wimbledon is efficient in converting its inventory since it holds them for a short period (Berman, Knight and Case, 2013).
The current ratio and decisive test ratio of both the two companies are below the industrial averages. This is despite the fact the current ratio of the two companies are above the one implying that both the two companies can at least service their current obligations with their current assets. The debt-equity of Wimbledon is below both that of Kensington and the industrial average implying that it is not heavily geared (Barrow and Barrow, 2008).
Considering the above analysis, it is highly advisable that Chelsea Plc. should acquire Wimbledon than Kensington company since it has financial ratios indicate better financial performance. The directors of Chelsea Plc. should consider other information such as cash flow statements and company policy before of the two companies before making their final
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Need An Argumentative Essay On Accounting Cash Flow Needs To Be 3 Pages Please N
/in Uncategorized /by developerNeed an argumentative essay on Accounting Cash Flow. Needs to be 3 pages. Please no plagiarism.
The more cash associated with Pepsi’s depreciation means that the company had deducted from more from their assets. Further, for both 2011 and 2012, Coca Cola did not have any changes in liabilities, inventories or cash receivables, while Pepsi had all of the above. This affected Pepsi’s cash flow used in its business’ operation as compared to Coca Cola’s. Further, Coca Cola experienced more cash flows provided by adjustments in income as compared to Pepsi, which used more in the adjustment of its net income.
Pepsi used 88000 (2012) and 250,000 (2011) in changes in accounts receivables while Coca Cola did not spend or received from this variable. For Pepsi the cash spent reduces from 2011 to 2012, implying that the company collected more revenues as compared to the cash collected. Further, Pepsi also experienced a decrease of the cash provided by changes in inventories from 144,000 to 4000 (2011 to 2012 respectively). This indicates more revenue as compare to cash collected by the company. For Coca Cola, there was no change recognized in its inventories and account receivables meaning the company did not experience any changes in their current assets. There could be no comparison of revenue and cash collected, which equates to management of working capital. Indifference to Pepsi, which makes use of account receivables and inventories, this implies that Coca Cola relied on other operating activities to manage its working capital.
c. Analyse and explain the Financing Activities of each company in the two consecutive operating periods. State with reasons which of the two companies faces lower risk for their long-term funding policy in the most recent year.
Both of the two companies witnessed the same trend throughout the two operating periods, for the cash flows used in financing activities, except for the other cash flows. For pepsi there was an increase in the money used for payment
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Need An Argumentative Essay On Accounting Iii Assignment Issue Needs To Be 2 Pag
/in Uncategorized /by developerNeed an argumentative essay on Accounting III/ Assignment Issue. Needs to be 2 pages. Please no plagiarism.
al information, as GAAP comprises a broad set of principles that have been developed by the accounting profession and the Securities and Exchange Commission”(www.cliffsnotes.com). Epstein, Nach and Bragg (2008) go to great lengths to clarify the principles GAAP stands for and “suggest procedures that could serve as a general model for approaching research on accounting issues, including authoritative literature (ibid, pp 20-21).
A total of twelve principles are accepted as universally applicable, and are explained in detail in CliffsNotes’ article (www.cliffsnotes.com). These twelve principles are Economic entity assumption. Monetary unit assumption. Full disclosure principle. Time period assumption. Accrual basis accounting. Revenue recognition principle. Matching principle. Cost principle. Going concern principle. Relevance, reliability, and consistency. Principle of conservatism and Materiality principle. In an article of Jun 17, 2009 titled: ‘Acceptable Practices Throughout the Accounting Cycle’, Miller breaks up the twelve into three sub-groups of four, with Economic entity, Monetary unit, Time period and Going concern termed ‘Assumptions’. Cost, Full disclosure, Revenue recognition and Matching called ‘Principles’ and the remaining termed ‘Constraints’(gaap-standard-accounting-practices.suite101.com).
Cutting across these groupings, Miller believes that GAAP assists in ensuring that financial statements are: Relevant, Reliable, Consistent and Comparable (ibid). These four terms are best explained by Bradford in her article on the same site, dated Aug 6, 2007 (gaap-standard-accounting-practices.suite101.com).
Comparability is one of the most important GAAP categories. This way, a company’s financial statements/documentation can be compared to those of similar businesses. This factor is of great interest to the investing public (ibid).
Closer examination reveals that three factors apply directly to the case under review, which are
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Need An Argumentative Essay On Accounting Information And Decision Making Needs
/in Uncategorized /by developerNeed an argumentative essay on Accounting Information and Decision Making. Needs to be 8 pages. Please no plagiarism.
This is normally achievable through the comparison of the organization with rival firms in the same sector or market. Accounting information facilitates this comparison. The following paper is a collection of theoretical knowledge on accounting information and decision-making for the reader’s basic insight, its definition, and history. The paper will further discuss and analyze the gathered literature in detail and develop a personal conclusion on the relationship between accounting information and decision-making.
The earliest possible application of organized recordkeeping in human history goes back thousands of years to early Mesopotamia, which is Iraq today. Archeologists and historians found shelved records of supplied farm produce. Using accounting to keep a record of many dealings enabled improved trade amongst persons and assisted the advancement of more complicated communities. After Mesopotamia, Luca Pacioli possibly pioneered the earliest official literary work of accounting with arithmetic concepts in 1494. Pacioli, a monk and mathematician from Italy defined the double entry system by shedding light on the logic of bookkeeping. Pacioli theorized that one has to record all items twice but variedly, i.e. double entry. Double entry means that when one credits one item, he or she debits the corresponding one, or debits the recipient and credits the giver. During Pacioli’s era, record-keepers made entries to show statements for the enterprise instead of the owner, making annual preparation wanting. After Pacioli, a Dutchman supported the profit and loss books at annual breaks.
The degree of societal and technological progress assisted the advancement of contemporary techniques of accounting. The Industrial Revolution brought about the need for sophisticated accounting techniques. The advancement of new techniques saw the separation of ownership from
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Need An Argumentative Essay On Accounting Practical Set Needs To Be 2 Pages Plea
/in Uncategorized /by developerNeed an argumentative essay on Accounting Practical Set. Needs to be 2 pages. Please no plagiarism.
Even if there is profit in the income statement, investors need to look at the cash flow statement to measure actual cash balance of the company.
This report will provide an analysis of the cash flow statement and income statement. It will consider why the cash balance has decreased even though a profit has been achieved. This report is based on the information provided by Mr Albert Clarence. The limitation of this project is that it is short time project. Thus detailed analysis will be short.
Income Statement might be characterized as a financial statement that measures an organizations financial execution over a particular accounting period. Financial execution is evaluated by giving an outline of how the business acquires its incomes and costs through both working and non-working exercises. It likewise demonstrates the net profit or loss caused over a particular accounting period, normally over a fiscal year or fiscal quarter.
Balance Sheet could be characterized as a financial articulation that compresses an organizations liabilities, assets and equity of the shareholders at a particular point in time. These three asset report sections give speculators a thought in respect to what the organization claims and owes, and the sum contributed by the shareholders.
Cash flow statement could be characterized as an income or cost stream that changes a cash account over a given period. Cash inflows normally emerge from one of three exercises – financing, operations or contributing – despite the fact that this likewise happens as an after effect of gifts or donations on account of particular fund. Cash outflows result from costs or ventures. This holds valid for both business and any personal account.
Accrual Accounting might be characterized as an accounting technique that measures the execution and position of an organization by perceiving various economic occasions paying little respect to
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Need An Argumentative Essay On Acct Needs To Be 5 Pages Please No Plagiarism Som
/in Uncategorized /by developerNeed an argumentative essay on ACCT. Needs to be 5 pages. Please no plagiarism.
Some decisions are taken to prevent worsening of situations in the short term, but these decisions may have negative implications in the long run.
In the given case, the purchase of CD raw materials should be recorded in the current year expenses since the purchase is already complete on 15th November. Adjusting expenses and posting transactions as per accounting convenience is a regular practice within organizations. In this case the CFO’s instruction to post the expenses in the current year even though the material purchased will be used in the next financial year is justified since the purchase has already taken place in the current year. Hence the decision is morally justified and does not reflect unfair accounting practice.
Moral and ethical decisions in such contexts do present challenges to accountants who are well aware of the unfair accounting practices. However, the primary challenge lies in the fact that opposing the CFO or senior management decision may have negative implications on accountant job security and employment conditions. Accounting frameworks and standards provide the essential parameters for fair practice. Any decision that goes against these standards or code of ethics for accountants must be opposed on grounds of possible negative implications in the long run.
The job allocation process of the company involves allotting jobs to contractors on the basis of low cost and high quality. The two different categories of contractors involved in this process are the general contractors and the government contractors. It has been noticed that the bidding price of the government contractors involve a certain percentage of overhead that is added to the cost of production.
The profit percentage is thus specified and this leverages the government contractors’ position in terms of distinct cost plus profits for jobs allocated. The general contractors thus find themselves at a disadvantage since they have to compete
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Need An Argumentative Essay On Acculturation And Intercultural Communication Nee
/in Uncategorized /by developerNeed an argumentative essay on Acculturation And Intercultural Communication. Needs to be 11 pages. Please no plagiarism.
Communication becomes a major issue when people do not share a common cultural experience. It is hence important that the different cultures become assimilated and the people that work and live together understand, share and live together in harmony. This necessitates an understanding of the culture of the American Indians (AI), their methods of communication, cultural laws, and cultural identity.
Intercultural communication barriers arise from group differences in cognition, affect and patterns of behavior (Spencer-Rodgers & McGovern, 2002). These include values, norms, beliefs, language, customs and communication styles, and effective intercultural communication requires adaptation to all these differences. One has to meet the challenges of language barriers, unfamiliar customs and practices and cultural variations in verbal and non0verbal communication styles. Even though groups may attempt to understand and overcome the communication barriers, most tribes and groups prefer to maintain their cultural identity.
Bhatia (2002) contends that immigrants from the third world countries construct their identities as citizens of the first world countries but they also retain strong affiliations, identifications, and loyalties to their home country. Cultural identity is an a priori condition that affects human existence. Freud has described cultural identity as an unconscious emotional experience while others describe it as a person’s basic identity formed during the earliest periods of socialization (Kim, Lujan & Dixon, 1998). Individuals who are unable to develop a healthy group identity think of themselves as misperceived by others and they are more likely to fall into substance abuse or other self-destructive behaviors. The social identity theory states that self-identity cannot be achieved without a positive sense of group identity. The American Indian society believes in being affiliated to some group to preserve their cultural identity.
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Need An Argumentative Essay On Acl Injuries Prevention Rehabilitation And Risk F
/in Uncategorized /by developerNeed an argumentative essay on ACL Injuries Prevention, Rehabilitation and Risk factors. Needs to be 2 pages. Please no plagiarism.
Commonly used measure of geometry is the notch width index. it takes into consideration the dimensions of the distal femur allowing ACL to pass. An individual NWI is not controllable risk factor for the injury, maintaining BMIS may reduce the risk associated with a narrow NWI (Bisson, 2010).
There several techniques used in preventing ACL, a study conducted by Bert Madelbaum, Holly silvers et al. Showed the effectiveness of proprioceptive training, they developed a program called PEP which focused on aiding the-forward mechanism. He tied to improve the body the body abilities to anticipate external factors to stabilize the joints.
Gilchrist conducted a similar study. he explained potential prevention strategies for the injuries in sports. The program was completed three times per week during the regular season. the results presented suggested that the PEP program of neuromuscular was effective in preventing the injuries. Other tests have been done on proprioceptive training exclusively with balanced boards. the program was implemented in five phrases balance exercise without board, alternating single leg on a square board and other, several boards.
The corrected by the control team indicated the training was helpful in preventing injuries. Graichen et al conducted on functional knee bracing, he used ten right cadaver knees to study the strain pattern of knees ligaments. He also measured the knee strains from 00 to 1000 using 200 intervals. The observation primed the conclusion that a knee brace may add mechanical protection to the ACL and may help to offset knee laxity.
Deficiency in stability, ROM of lower extremity and leveled of functions of the main concerns in patients with the injury muscles are weakened especially quadriceps. The aim of rehabilitation program is to enhancing the strength and capabilities
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Need An Argumentative Essay On Active Learning Module 7 Needs To Be 1 Pages Plea
/in Uncategorized /by developerNeed an argumentative essay on Active Learning Module 7. Needs to be 1 pages. Please no plagiarism.
This led to his incarceration with a 10 year sentence. however he only served 18 months.
After release, he was disgraced and divorced forcing him to relocate back to his hometown. seeking to begin a new life. He then remarried only to divorce months later. leaving him to pursue his sadistic caprices. At the end of 1978, Gacy was actively voyaging for gay young males and trapping them in his home where he would rape, torture and murder them. Gacy would get to lure young males by posting job opening at his construction firm, and ensnaring them to his home on the pretext of discussing the job openings. Once the young men were in his house, Gacy would subdue them, knocking them unconscious and start his grisly acts of rape, torture, and killing. In 1980, Gacy was convicted and condemned to death, after he was suspected to be advancing his previous sadistic behaviors (Vronsky 67). In the year 1994, Gacy was executed by a lethal injection bring an end to the mysterious disappearance and death of young
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