Accounting

213 total

Competencies are one of several factors, including performance results in determining annual pay adjustments. ´´´´´´´´ What Is Competency-Based Pay? · Valuing the how (high impact behaviors) of performance as well as the what (results). · Reinforcing high impact behaviors through pay delivery. · Critical to success, but a bad place to start; a good place to continue. ´´´´´´´´ Competency Based Systems Skills Knowledge Attitude Motives Traits Necess

PRINCIPLES of ACCOUNTING II (AC202) ___________ CHAPTER 12 CURRENT AND LONG-TERM LIABILITIES LIABILITIES DEFINED: A probable future payment of assets or services a company is presently obligated to make as a result of past transactions or events. Fundamentally liabilities are measured by the "cost principle" however: Liabilities are comprised of known obligations of a definite amount and known obligations of an estimated amount (i.e. warranties) CURRENT LIABILITIES:

In the recent years the economy experienced the growth of many international companies. It is very common to have companies that have physical locations in many parts of the world. Audinting such entity presents a considerable challenge for audits. One of the reasons is that all of the Big Five accounting firms have offices in many countries is to effectively audit such multi-national audits. Considering such audits, auditors must consider the scope of audits. Planning of such audits

QUESTION ONE: Calculate the total costs for each product if all overheads are absorbed on a machine hour basis. Overhead absorption is the means of attributing overheads to a product, or service based on direct labour costs, direct labour hours, or machine hours. The treatment of the indirect costs will be examined in this question. In this question total costs for each product will be calculated using the Overhead Absorption Method. Total Costs per each product Overhead Absor

Title: Discuss the importance of depreciation expenses. The concept and practice of depreciation plays an integral part in a company s cash flow situation and funding. The two main reasons this occurs are that firstly depreciation is a for of self finance, and secondly because a company does not have to pay taxes on depreciation, hence excluding taxation from a cash amount which enlarges the cash flow of a company. As a term, depreciation is defined as a loss in value, a diminishment in mark

Anyone considering accounting needs to assess whether this career fits his or her interests, abilities, and aspirations. There are certain qualities and qualifications, however, that a person should consider before making a commitment to a particular career field. Selecting a career can take a lot of time, and many people do not choose until they are adults. Contributing to the difficulty in choosing a career is the vast number of vocations from which to choose. The field of accounting

ABC is crucial because it tells managers which products or services make or lose money - they usually don't know. Traditional cost allocations often depict an unrealistic, inadequate view of profitability, sometimes distorted by hundreds of percent. In most cases, ABC is designed to provide profitability information for each segment of their product/service market matrix. After learning about the specific products, services or customers that make or lose money, managers can choose an

Postal Service As a Monopoly In the United States economy most markets can be classified into four different markets structures. But, each and every market in the United States is completely unique from the others. Generally the best type of market structure for the general public is perfect competition because it creates the lowest possible price for the public. There are some exceptions where perfect competition isn’t the best choice for the public on account of various reasons. Th

HUMAN RESOURCES MANAGEMENT A responsibility that must be assumed by a business firm is that of maintaining sufficient and adequate personnel in its organization so that the purposes for which it exists may be achieved. Nature of the problem: 1) To find the right people and/or choose among the available ones 2) To appropriately train them for task 3) Too develop the right morale and esprit de corps It all depends on: a. Size of organization b. Labor market conditions c. Tech

Monopoly of the Postal Service- In the United States economy most markets can be classified into four different markets structures. But, each and every market in the United States is completely unique from the others. Generally the best type of market structure for the general public is per-fect competition because it creates the lowest possible price for the public. There are some exceptions were perfect competition isn t the best choice for the public on account of various reaso