Accounting Analysis On Financial Accounting - 1185 Words

Accounting 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 statements of financial position, statements of comprehensive income, statements of cash flows, statement of changes in equity and notes to financial statements. At the end of a period usually a year a profit and loss account and a balance sheet is prepared†¦show more content†¦It is governed by the internal revenue code and has specific instructions that should be followed by individuals and companies when preparing tax returns. Accounting Systems: Accounting systems involves the implementation, installation, development and monitoring of accounting procedures and the systems used in the accounting process. This includes the gathering of accountable financial data, software management, accounting personnel directing and the designing of business forms to be used in the data- gathering process. This branch is linked to management advisory services. To be successful in this field technical knowledge and skills in information technology is needed. Fiduciary Accounting: Fiduciary accounting is the accounting and evaluation of a third party’s business, property and possessions maintained under the guardianship by an entrusted individual. A few examples of fiduciary accounting include receivership, trust accounting and estate accounting. Forensic Accounting: This branch involves the investigation of embezzlement or fraud using accounting skills and analysing financial information to be used in legal proceedings. Forensic accounting deals with court and litigation cases, fraud investigation, claims and dispute resolution and other areas that involve legal matters. This area is a popular trend inShow MoreRelatedRatio Analysis Financial Accounting3622 Words   |  15 PagesFinancial Accounting and Reporting – Ratio Analysis The following five-year summary relates to VKM Ltd, and is based on financial statements prepared under the historical cost convention. Financial Ratios 2006 2005 2004 2003 2002 Profitability Margin Trading Profit Revenue % 7.8 7.5 7.0 7.2 7.3 Return on Assets Trading Profit Net Operating Assets % 16.3 17.6 16.2 18.2 18.3 Interest Dividend Cover Interest cover Trading Profit Net Finance Charges times 2.9 4.8 5.1 6.5 3.6 DividendRead MoreReflection And Analysis Of Financial Accounting1983 Words   |  8 Pages Reflection and Analysis Academic Preparation Throughout my first two years at Wilfrid Laurier University, a few courses have aided my time at Chan Co. Primarily in BU127, BU247, and BU283. These courses are Introduction to Financial Accounting, Managerial Accounting, and Financial Management I respectively. Introduction to Financial Accounting has taught me the basic accounting principles and concepts as a student who did not take any accounting in high school. This was my first time beingRead MoreFinancial Accounting: NPV Analysis819 Words   |  3 Pagescalculation is based on the principle that future cash flows are not worth as much as present day cash flows, because inflation devalues those future flows (Investopedia, 2012). This implies that there are a number of factors that influence the NPV analysis. For a given project say a hypothetical new factory many different factors will need to be taken into consideration. One such factor is economies of scale. In general, economies of scale will improve the net present value of a project. The reasonRead MoreAccounting : Financial Analysis of Ebay3924 Words   |  16 Pages | |[pic] | |Financial analysis statement for the year ended | |December in 2011 Read MoreA Financial Statement Analysis Project for Introductory Financial Accounting5953 Words   |  24 PagesPerspectives on Accounting Education Volume 6, 2009, 83-96 A FINANCIAL STATEMENT ANALYSIS PROJECT FOR INTRODUCTORY FINANCIAL ACCOUNTING Marilyn B. Misch Business Administration Division Pepperdine University Malibu, California USA Carolyn A. Galantine Business Administration Division Pepperdine University Malibu, California USA ABSTRACT This paper describes a financial statement analysis project useful in both preparerbased and user-based introductory courses in financial accounting. The project requiresRead MoreA Financial Statement Analysis Project for Introductory Financial Accounting5944 Words   |  24 PagesPerspectives on Accounting Education Volume 6, 2009, 83-96 A FINANCIAL STATEMENT ANALYSIS PROJECT FOR INTRODUCTORY FINANCIAL ACCOUNTING Marilyn B. Misch Business Administration Division Pepperdine University Malibu, California USA Carolyn A. Galantine Business Administration Division Pepperdine University Malibu, California USA ABSTRACT This paper describes a financial statement analysis project useful in both preparerbased and user-based introductory courses in financial accounting. The project Read MoreFinancial Analysis : Financial Accounting Standards Board1606 Words   |  7 PagesAccording to the conceptual frameworks used by both the Financial Accounting Standards Board and the International Financial Standards Board, one of the main reasons why companies prepare financial reports is to allow users of financial statements make decisions regarding the provision of resources to the firm (Financial Accounting Standards Board, 2010; International Financial Standards Board, 2010). These decisions relate to the buy, sell, or hold moves that investors make based on the informationRead MoreInadequacies of Accounting Ratios as Tools of Financial Analysis.1481 Words   |  6 PagesRatio analysis provides an indication of a companys liquidity, gearing and solvency. But ratios do not provide answers; they are merely a guide for management and others to the areas of a companys weaknesses and strengths (Palat 1999). However, ratio analysis is difficult and there are many limitations. This section will identify and discuss the inadequacies of accounting ratios as tools of financial analysis. ACCOUNTING POLICIES. It is difficult to use ratios to compare companies, because theyRead MoreReald vs Imax Financial Accounting Analysis2500 Words   |  10 PagesAccounting Analysis | RealD Inc vs. IMAX Corp. | | EXECUTIVE SUMMARY RealD Inc is a leading global licensor of 3D technologies while IMAX Corp specializes motion picture technologies and presentations. While the two markets may seem mutually exclusive, they are not, and with indications of both parties having intentions to foray into broader market segments, the competition between both parties could not be more intense than it is now. Even though it may seem that IMAX is performingRead MoreWoolworths Financial Ratio Report Analysis - Accounting Report3664 Words   |  15 PagesWoolworths Financial Ratio Report Liquidity, Solvency and Profitability Abstract This report consists of ratio calculation and analysis of Woolworths’ liquidity, solvency as well as profitability. Liquidity ratios include current ratio, quick asset ratio and inventory turnover. Solvency ratios include debt to total asset and interest coverage. Profitability ratios include return on owners’ equity, payout ratio, return on assets, return on sales, asset turnover, cash return on sales and operating

History and Evolution of the Smart Pill

The name of smart pill now refers to any pill that can deliver or control its delivery of medicine without the patient having to take action beyond the initial swallow. The phrase smart pill became popular after the computer controlled medical device was patented by Jerome Schentag and David DAndrea, and named one of the top inventions of 1992 by Popular Science magazine. However, now the name has become generic and many companies are using the name smart pill.   History of the Smart Pill Jerome Schentag, professor of pharmaceutic science at the University of Buffalo, invented the computer-controlled smart pill, which can be electronically tracked and instructed to deliver a drug to a predetermined location in the gastrointestinal tract. David DAndrea was the co-inventor. UB reporter Ellen Goldbaum describes the smart pill as a combination of microminiature electronics, mechanical and software engineering, and pharmaceutical sciences. This capsule represents a significant advance in medical technology, said DAndrea to UB reporters, With the Smart Pill, we have been able to miniaturize a complex electronic system and put it into a capsule about one inch long. Youre not just taking a pill, youre swallowing the instrument. David DAndrea is the president and chief executive officer of Gastrotarget, Inc. the manufacturers of the Smart Pill. Jerome Schentag is the companys vice president of research and development. DAndrea is also the director of Millard Fillmore Hospitals Engineering and Devices Laboratory.

The Criminal Justice System Media Violence and Social...

Introduction The criminal justice system contains different aspects such as the due process, restorative justice, crime control and social justice models. Criminal justice contains both historical and social content of crime. This article discusses a claim made by many journals, articles and the entertainment results. The claim states that children and adults who are exposed to the media are aggressive and violent. According to such articles, violent content provokes aggressive behavior and violence. Ferguson illustrates that watching satanic content, like in Harry Potter, or teaching of witchcraft can lead to Satanism or mental illness. According to Ferguson (2008), books, rock, jazz, television and watching movies in the media, leads to a wave of moral degradation, rebelliousness and violence. They also clam that new media like internet and video games inevitably cause fear and waves of politicians, and advocates raise concerns over the fate of vulnerable teenagers and children. Th is point of view raises a lot of controversy in respect to violence in television, and film fiction raising the question whether such violence causes further violent behavior in viewers (Ferguson, 2008). According to Aarons journal, concerns about the media have also taken other public forms including entering to political debates about law and order. This has featured arguments about whether media cause unreasonable fear of crime in the context these concerns. This point of view can beShow MoreRelatedAnnotated Bibliography On Crime And Justice1538 Words   |  7 PagesAnnotated Bibliography on Crime and Justice Crime may simply be referred to as an offense against the state or against morality and is punishable by law, while justice is the fairness practiced during judgment of cases usually in instances where crime has taken place. Crime and justice go hand in hand as commonly evident in a case whereby a criminal is apprehended and taken to a court of law, then a ruling of justice practiced on the case and fairness used in passing of judgments. In most governmentsRead MoreThe Australian Criminal Justice System Is Shaped Largely by Our Society. Discuss This Statement.1269 Words   |  6 PagesThe criminal justice system is the system the Australian public look to for protection and justice against those that disregard the law but there are mixed opinions from the general public that the justice system is too lenient and that the public opinion isn’t taken into consideration when assessing crime and punishment. In this essay, I will argue that the Australian criminal justice system is in fact shaped largely by our society because if it doesn’t reflect social conscience, the justice systemRead MoreEssay on Theories of Causation of Crime and Its Solution 1250 Words   |  5 Pages If we studied through the history of criminal theory, spiritual and natural theories are taken as major theories of causation of crime. During medieval period, spiritual explanations were taken as punishment given by god for doing wrong things and any natural disasters like flood, fires, etc were evaluated as curse of high power. In modern period, the basic theories of causation of crime are classical theory, biological theory, psychological theoryRead MoreAnalyzing Violence and Crime in USA1357 Words   |  5 Pagesbeen marred with much violence and turmoil. In America, the roots of the country were established in a very bloody manner and seemingly resonates in todays world as violence permeates the national landscape. The purpose of this essay is to investigate the causes of violence in America and look specifically at the youth of this country and the effects that are produced because of their behavior. Essentially, this essay will t ry to communicate how the proliferation of violence committed by AmericanRead MoreThe Media And The Criminal Justice System Essay1260 Words   |  6 PagesThe media plays the role as entertaining and a source of information to its viewers, however, with the current crime trends, most viewers have the perceptions that our criminal justice system is lacking in areas of proper sentencing and protecting the viewers. All this is based upon what we see in the media is the information reliable or not? I say this because of hearing about news personality lying about their experience only to booster the networks rating. When the criminal justice system hasRead MoreFamily Violence : A Serious Social Problem Essay1575 Words   |  7 PagesFamily violence is a serious social problem that affects many families around the world. It is defined by the University of Michigan as situation that occurs â€Å"when a person uses physical violence, coercion, threats, intimidation, isolation, stalking , emotional abuse, sexual abuse or economic abuse to control another partner in a relationship† (â€Å"Understanding Abuse†). This includes any kind of behaviour that might make the other person feel scared, threatened and fearful for their safety. AccordingRead MoreMedia and the Criminal Justice System1533 Words   |  7 PagesMedia has a strong influence on today s society and the criminal justice system. Interaction with the media continues to create problems in overcoming the racial disparities in this nation, due to crime that is committed by ethnic minorities in the media increasing racial stereotypes. Media also has a great influence and disadvantages regarding high profile criminal cases, affecting the way Americans view the criminal justice system. High exposure to the news and entertainment media has beenRead MoreThe Criminal Justice System For Crime Control And Due Process1466 Words   |  6 PagesThe American criminal justice systems have over time faced the need of a justice scheme that incorporated both the crime control and due process. There have been constant debates regarding the superiority of each model. The crime control system is based on curbing criminal activities by focusing mainly on the victim of the crime rather than the rights of the accused criminal. This meant that as long as one claimed breach of rights by another the system would push to punish accused without consideringRead MoreWhy Do We as a Society Need a Criminal Justice System?1179 Words   |  5 PagesWHY DO WE AS A SOCIETY NEED A CRIMINAL JUSTICE SYSTEM? Introduction The criminal justice system is comprised of a basic formation, the law enforcement agencies, the courts, and the correctional services. This system has existed since ancient times and although the three facilities haven’t completely been replaced over the centuries, there has been a lot of change and amendment to how the system is used to investigate, deter, and keep order and control in today’s society. It is a fundamental partRead MoreCapital Punishment and the Media1249 Words   |  5 Pagesthe Media Xavier Mendez Professor Collica JUS110 September 12, 2011 Capital Punishment and the Media In today’s society, the capital punishment known as the death penalty has played a major role in the criminal justice system. It has brought important debates to the national attention in every aspect to whether end the lives of criminals. With the intense media coverage, it raised high standards on disputes on high profile cases such as serial killers. The attention given by the media towards

Ma Earth free essay sample

Ans1. Heather before being a marketing manager she loved the company and its products. And not only because of its products but also because of their values, that they promised to use all natural ingredients and also ensured that they wouldn’t harm the planet. But in reality the story was different. When she was given the responsibility of campaigning one of its product Ore Essentials, she came to know that the story behind growing the product is quite different. Ma Earth Skin Care was using a different strategy to maintain its image in the market. The company was paying the tribes neither for growing the product there nor for purchasing. They were actually buying its product at a cheap rate from a mainstream supplier. But the company wants to convey its message to the customers that the product is very precious and rare, and they get it only from the tribal area. We will write a custom essay sample on Ma Earth or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page So this was the ethical issue Heather was facing. She wasn’t ready to accept the way the company was marketing its product. If Heather shows its customers how the company is getting its resources for the Ore Essentials i.e. if she tells them that though the company says that it gets its resources from the tribes but in reality it doesn’t, this would cross a line into unethical territory. Whereas if Heather supports the company i.e. if she shows that the company gets its resources from the tribes rather than showing the actual truth, it can be considered ethical. Ans2. From the customer point of view, the company was fulfilling its corporate social responsibility by paying the tribes for their wellbeing in return for their effort to grow the plants and maintaining them. The company provided the tribal people a school, a health clinic as well as food and clothing. This way the company is effective in practicing its social responsibility. But even though the company is supporting the tribal people, they are cheating its customers by showing false claims. This way the company is not fulfilling its social responsibility.