...attempting to find resolution to accounting issues, a key component of the research process is being aware of and utilizing research tools. Research tools may consist of many types of media, resources, and viewpoints. Because accounting is ever evolving, it is imperative to know where to go to remain informed of relevant changes and clarifications. The AICPA & PCAOB websites can be good places to start. There are links to white papers, exposure drafts, articles, accounting and auditing standards, and areas of interest like XBRL. Additionally, the Big 4 accounting firms publish guidance, interpretations, and literature in their public online libraries. There is also accounting research software, one of which is called “Accounting Research Manager, the ultimate research tool.”1 This software provides updated information from FASB, AICPA, the FASB’s EITF (Emerging Issues Task Force), IASB, and industry-specific guidance.1 Also, IASPlus.com and IFRS.com are useful research tool websites when exploring current events and international accounting. EDGAR (Electronic Data Gathering, Analysis, and Retrieval) is an online, publicly accessible tool best used when researching US SEC registrants and their filings. Lastly, any search engine, such as Google, can be helpful when navigating the rough waters of online research. As graduate students, we find that professors can be a wonderful resource. They are passionate about their particular accounting niche and are eager to share their...
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...Case 12-9 Rough Waters Ahead - IFRS 1. Cruise Ship belongs to the assets that apply to IAS 36 Impairment rule IAS 36-2 states the Impairment of Assets rule shall be applied in accounting for the impairment of all assets, other than: a) Inventories b) Assets arising from construction contracts c) Deferred tax assets d) Assets arising from employee benefits e) Financial assets that are within the scope of IFRS 19 f) Investment property that is measured at fair value g) Biological assets related to agricultural activity that are measured at fair value less costs of disposal h) Deferred acquisition costs, and intangible assets, arising from an insurer’s contractual rights under insurance contracts within the scope of IFRS 4 i) Non-current assets( or disposal groups) classified as held for sale in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations Smooth Sailing’s cruise ship does not fall into any exception of IAS 36, so IAS 36 should apply to impairment of cruise ship. Smooth sailing’s nonrecourse debt should not be included for the recoverability test according to this regulation. 2. Cruise Ship should be impaired based IAS 36-12 IAS 36 provides guidance on which indications entities should consider in determining impairing an asset and Smooth Sailing’s case meets the *indications listed in IAS. ...
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...Charcoal Leaves “CHARCOAL LEAVES” PROMOTIONAL TITLE “THE FEASIBILITY OF DRIED LEAVES” SCIENTIFIC TITLE Presented by: LANCE J.SANTOS ABSTRACT Dried leaves are the main material in the project. The purpose of doing the project is to find an alternative if the ordinary is not available. And the researchers need to find a sufficient and a good alternative so people will not buy charcoal, instead they will do it on their house and cook their own food using this dried leaves charcoal. Flour, water and dried leaves are the main materials of the dried leaves charcoal. To make it. First, burn a three plastic bags of dried leaves until it turn into ashes. Then, put it on a container and put a half cup of water (depends o how many ashes). Put flour and mix it carefully after that mold it to any shape and get the blower or put it on a hot surface. After it dries. The charcoal is now ready to be used. The researchers found out that dried leaves charcoal is a good altervantive if the ordinary charcoal is not available. And both the charcoals produce same heat but don’t fire up at the same rate. But both of it can cook food, has the same color of fire and has any size. But you need many dried leaves charcoal to cook food. ACKNOWLEDGEMENT The success of the project is not possible without the support of the followig. First to Our Almighty God for guiding ang giving the researchers’ knowledge. Second, to the researchers’ supportive parents for their finance and working place. Third...
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...Capati, Danlee P. Galampanao, Neil John R. Olavides, Jonell C. Sinones, John Michael P. Valena, Adrian Thomas N. Ignacio, Michelle G. Madrid, Ronalene R. Padama, Jenica B. Toribio, Ma. Aranz P. IV-COMPASSION J.P. SIOSON GENERAL HOSPITAL AND COLLEGES, INC. S.Y.:2012-2013 ABSTRACT Dried leaves are the main material in the project. The purpose of doing the project is to find an alternative if the ordinary is not available. And the researchers need to find a sufficient and a good alternative so people will not buy charcoal, instead they will do it on their house and cook their own food using this dried leaves charcoal. Flour, water and dried leaves are the main materials of the dried leaves charcoal. To make it. First, burn a three plastic bags of dried leaves until it turn into ashes. Then, put it on a container and put a half cup of water (depends o how many ashes). Put flour and mix it carefully after that mold it to any shape and get the blower or put it on a hot surface. After it dries. The charcoal is now ready to be used. The researchers found out that dried leaves charcoal is a good altervantive if the ordinary charcoal is not available. And both the charcoals produce same heat but don’t fire up at the same rate. But both of it can cook food, has the same color of fire and has any size. But you need many dried leaves charcoal to cook food. ACKNOWLEDGEMENT The success of the project is not possible without the support of the followig. First to Our Almighty...
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...Case No. 3—Case 12-9 Rough Waters Ahead As defined in the FASB Codification, ASC 360-10-20, an asset group is “the unit of accounting for a long-lived asset or assets to be held and used, which represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities”. Therefore, after reading this definition, the assets and liabilities that are included in the asset group calculation for purposes performing the recoverability test are: Net Book Value of the Asset $4.6 Million Net Working Capital Directly Attributed to the Asset $0.1 Million Total Amount of Asset Group $4.7 Million After reading ASC 360-10-35-21, a “long-lived asset (asset group) shall be tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable”. The following are examples of such events or changes in circumstances in which this case shows that they needed to be tested for recoverability: B.) A significant adverse change in the extent or manner in which a long-lived asset (asset group) is being used or in its physical condition E.) A current-period operating or cash flow loss combined with a history of operating or cash flow losses or a projection or forecast that demonstrates continuing losses associated with the use of a long-lived asset (asset group) F.) A current expectation that, more likely than not, a long-lived asset (asset group) will be sold...
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...GOLF COURSE MAINTENANCE MATTHEW A. ANDERSON TUESDAY 12:30 P.M.-2:20 P.M. CONTENTS HIERARCHY CHART DEPARTMENT LIST TOURNAMENT MAINTENANCE SCHEDULE EQUIPMENT MAINTENANCE SCHEDULE EMPLOYEE REQUIREMENTS EMPLOYEE/CORSE EXPECTATIONS EQUIPMENT LIST SALARY SHEET HIERARCHY CHART SUPERINTENDANT ASSISTANT SUPERINTENDANT MAINTENANCE SPECIALIST - MOWING SPECIALIST – IRRIGATION SPECIALIST – TURF SPECIALIST MAINTENANCE CREW – MOWING CREW- IRRIGATION CREW – TURF CARE CREW DEPARTMENTS D01 – SUPERINTENANT D02 – ASSISTANT SUPERINTANT D100 – MAINTENANCE D200 – MOWING D300 – IRRIGATION D400 – TURF MANAGEMENT SCHEDULE OF OPERATIONS EMPLOYEE TRAINING REQUIREMENTS STAFF TRAINING Training is essential for the proper functioning of the golf course maintenance department. The complexity of turf grass management and the equipment and chemicals used makes it imperative that all employees know the requirements of their jobs, the proper operation of tools and equipment, and the correct use and dangers involved in handling various chemicals. This can only be achieved by thorough initial and ongoing training. Departmental Orientation It is the policy of the Club that new employees receive both a Club and a Departmental Orientation. While the Personnel Administrator conducts the Club Orientation, the Golf Course Superintendent is responsible for conducting his Departmental Orientation. A detailed outline of the material...
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...Deloitte United States Services Audit & Enterprise Risk Services Consulting Financial Advisory Services Tax Deloitte Growth Enterprise Services Featured Services Industries 2014 Industry Outlook Aerospace & Defense Automotive Banking & Securities Consumer Products Federal Government Health Care Providers Health Plans Insurance Investment Management Life Sciences Media & Entertainment Oil & Gas Power & Utilities Process & Industrial Products Real Estate Retail & Distribution State Government Technology Telecom Travel, Hospitality & Leisure Insights Deloitte University Press Browse by Content Type Browse by Role Innovation Centers Email Subscriptions Careers About Press Events Alumni Clients Contact Global > United States > About > University Relations > Deloitte Foundation Global site selector Go Search Search Top searches Top searchesBookmark Email Print this page Increase font Alliances Catalyst for Innovation Community Involvement Corporate Responsibility Deloitte’s sponsorship of the U.S. Olympic Committee Inclusion Deloitte University Ethics & Independence Deloitte Life Growth Through Acquisition History Investor Confidence Leadership University Relations Deloitte Foundation Faculty Resources Faculty and Ph.D. Support Life, Inc. Student Events The Trueblood Case Studies DOWNLOAD For a complete index of Cases and Addendum summary please click the download button above. The Trueblood Series cases...
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...Personal Mission Statement Section I: My Role in My Education Currently I am at the beginning of my studies. I am in the process of completing my first two classes with Devry. In five years I will have completed obtaining my degree, and will be working for a large accounting firm as a successful business woman. I will apply my strong leadership and excellent characteristics to help improve that company. If I am a proficient account I may be running my own accounting firm. My final goal is I would like to work from home as a successful accountant to allow more time for my family, and show my family that I am a positive role model. Currently in choosing my classes I have been working with an academic advisor. I have had several credits transfer into DeVry, which has helped. It will take approximately two and a half years to complete my courses with DeVry. At the completion of my courses with DeVry I hope to use what I have learned and work further with my CPA degree. As with obstacles that occur during life those are inevitable. Currently money is tight, which requires I to live paycheck to paycheck. I am trying to juggle work, school, and being a full time mom, which is difficult. I feel that sometimes I am neglecting my son to complete my studies, but I know in the end that I am trying to be a good role model for him, and show him that if mommy can do this anyone can succeed if they put their mind to it. My husband is opening a new store, and he is working...
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...Disclaimer for the Skill Gap Report: NSDC engaged IMaCS (ICRA Management Consulting Services Limited) to prepare this report, which is based on independent research and analysis done by IMaCS. This report is not based or derived from any other report or research paper. Any similarity with any other paper may purely be a co-incidence. All rights reserved. All copyright in this report and related works is solely and exclusively owned by NSDC. The same may not be reproduced, wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval of NSDC. This report is for information purposes only. While due care has been taken during the compilation of this report to ensure that the information is accurate to the best of IMaCSs’ and NSDC’s knowledge and belief, the content is not to be construed in any manner whatsoever as a substitute for professional advice. IMaCS and NSDC neither recommend nor endorse any specific products or services that may have been mentioned in this report and nor do they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed in this report. Neither IMaCS nor NSDC shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to...
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...background Cost accounting is the process of accumulating, measuring, analyzing, interpreting and reporting of the information related to the cost. This type of process is useful and relevant for all internal and external stakeholders of the business entity. In the management accounting, the term cost accounting includes the works of establishing budget and actual cost of operations, processes, departments, analysis of the variances and profitability or social use of the funds. In the external stakeholders we include all those who have invested money in the company, such as banks, financial houses, investors and others. Internal stakeholders are those people who work within the premise of the company, such as business or company directors, division heads and managers. Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution, when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age, most of the costs incurred by a business were what modern accountants call "variable costs" because they varied directly with the amount of production. Money was spent on labor, raw materials, power to run a factory, etc. in direct proportion to production. Managers could simply total the variable costs for a product and use this as a rough guide for decision-making...
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...THE ECONOMIC VALUE OF THE ENVIRONMENT: CASES FROM SOUTH ASIA ECONOMIC VALUATION OF THE MANGROVE ECOSYSTEM ALONG THE KARACHI COASTAL AREAS Samina Khalil Applied Economics Research Institute, Karachi January, 1999 This paper is forthcoming in Joy E. Hecht, ed., The Economic Value of the Environment: Cases from South Asia, to be published by IUCN in 1999. This paper is copyrighted by IUCN/US. It may be reproduced in whole or in part and in any form for educational or non-profit uses, without special permission from the copyright holder, provided acknowledgement of the source is made. All four papers in the forthcoming volume are available on the web at http://www.iucnus.org/publications.html. ECONOMIC VALUATION OF THE MANGROVE ECOSYSTEM ALONG THE KARACHI COASTAL AREAS Samina Khalil Applied Economics Research Institute, Karachi ABSTRACT The mangroves of the Indus River Delta in the Karachi, Pakistan coastal areas provide a wealth of goods and services to people who live and work among them. However, these products are not sold in established markets, so their economic importance goes unrecognized. As a result, the expansion of regional industry, agriculture, and population are permitted to threaten the sustainability of the mangrove ecosystems. This study describes the broad array of goods and services provided by the mangroves, and uses market data to estimate the economic value of a few of them. It then argues for the importance of more thorough ...
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... Abstract This research paper will discuss methods used for measuring and predicting financial stress for business enterprises. The accounting literature includes several financial stress prediction models, the most common of which are the Altman Z-Score and Ohlson O-Score. The role of the above models is to focus on the use of financial ratios, earnings measures, market values and cash flow. Models that predict the financial stress of companies can be used as early warning tools meant to direct a company’s management to take necessary corrective action before the company goes into financial difficulty and eventual bankruptcy proceedings. This paper specifically will discuss and analyze the three main financial stress prediction models, the Altman Z-Score, Ohlson’s O-Score and Merton’s Distance to Default. The two selected companies that will be analyzed are Home Depot and Lowes’ Company. The Home Depot, Inc. operates as a home improvement retailer. The Home Depot stores sell various building materials, home improvement products, and lawn and garden products as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers. The company offers installation programs that include flooring, cabinets, countertops, water heaters, and sheds, as well as act as a contractor to provide installation services to its do-it-for-me customers through third-party installers. It primarily...
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...Investment Analysis for Pepsi versus Coca Cola ACC557 – Financial Accounting December 13, 2012 Company Synopsis Pepsi Cola | Coca-Cola | The Pepsi Bottling Group, Inc. (PBG) is the world's largest manufacturer, seller, and distributor of Pepsi-Cola beverages. Separated from parent PepsiCo, Inc. in 1999, it accounted that year for 55 percent of Pepsi-Cola beverages sold in the United States and 32 percent worldwide. The company delivers its products directly to stores without using wholesalers or other middlemen. In addition to its extensive production and distribution facilities, PBG leases and operates about 20,000 vehicles and owns more than 1.1 million soft drink dispensing and vending machines. PepsiCo holds a controlling interest in the firm. | The Coca Cola history extends back to 1885, when John Pemberton invented the original recipe for a new cocawine. Pemberton developed Coca-Cola, a non-alcoholic version of his original cocawine, when Fulton County passed prohibition legislation. Carbonated water was added later by accident when Pemberton was mixing drinks for a friend and incidentally included it. His friends loved the new taste, so he altered the original formula to incorporate it. | Pepsi - International Directory of Company Histories, Vol. 40. St. James Press, 2001. (http://www.fundinguniverse.com/company-histories/the-pepsi-bottling-group-inc-history/). Major Suppliers Pepsi Cola | Coca-Cola | PolandEgyptUnited Arab EmiratesCanada | Poland...
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...briefly describe their patterns of economic growth primarily in the last three decades and their implications for the massive poverty and inequality in the two countries, and then move on to discuss the nature of governance both in public and private spheres, which shape those patterns. In 1820 the two countries contributed about half of world income (measured in 1990 prices), in 1950 they contributed less than 10 per cent (the preceding century in the case of China and nearly two centuries in the case of India included rather unpleasant encounters with the international powers), and the very rough projection is that in 2025 the two countries will contribute about one-third of world income (China much more than India). In the 1870’s as well as the 1970’s per capita income in comparable prices was somewhat higher in India, but since then China has shot far ahead. Even accounting for some possible overstatement in the Chinese official rates of growth, per capita income has grown at least twice as fast in China than in India over the last three decades. In the sectoral pattern of growth China has excelled particularly in manufacture, India more in services. China is widely regarded as the manufacturing center of the world (although this is not yet quite true in...
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...systematic thinking can be seen as a complete system. Literally, systematically, one system thinks about other systems. According to Meadows (2008), system thinking consists of three types of things: elements, linkages and a function. Most importantly, the most unclear part of the system, its function or its purpose is the critical determinant of the system. However, not all systems have a clear goal. Amazon has an area of 5.4 million square kilometers in 2001, of which about 87% is in Brazil, accounting for about one-fourth of terrestrial species and about 15% land around the globe. Evaporation and condensation on the Amazon are the driving forces of global atmospheric aggregation, affecting downstream rainfall throughout South America and beyond across the Northern Hemisphere. The Amazon is an extremely important and ongoing part of the Earth system that has been active since the Cretaceous period. By 2001, about 83,700 square kilometers of Amazon forest had been devastated with rough rates in 1990 of about 25,000 square kilometers. Deforestation of the Amazon is most common in Brazil and 70% of them are from livestock and farming. From 1988 to 2006, Brazil's Amazon deforestation rate averaged 18100 square kilometers per year. According to recent data, the figure has risen to 27,400 square kilometers in 2004. Although this ratio has fallen by half in 2007 to 11,000 square kilometers due to government intervention. Researchers say Amazon villages have cleared their forests to...
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