what is an accounting theory?
Having recently been introduced to accounting theory, and having tried to understand them What exactly is accounting theory? what is the use of them? why would one seek the theory?
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
"Accounting theory" is the logical rationale behind the practice. It explains WHY accountants do things the way they do.
Answer 2 :
Theory explains the underlying reasons for policies. Rent is an expense. But a security deposit is not. Theory explains why. I could explain that, but my name is not Theory.
Answer 3 :
Accounting must be used in accordance with specific rules and regulations, accounting theory is based on a set of basic economic truth that are of dual nature. The basic economic truth have characteristics similar to those of natural laws, in the sense that specific causes generate specific consequence.
Read more other entries :
Tuesday, September 14, 2010
Tuesday, September 7, 2010
I have to write a 20,000 word dissertation on an Accounting and Finance related topic and I cant find a topic?
I have to write a 20,000 word dissertation on an Accounting and Finance related topic and I cant find a topic?
Homework Help - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
OK,back in the 1980s there was very high inflation and the ICAEW published Exposure Draft 25 to do with accounting in a very high inflationary environment. The author was Martin Lewis, a very nice guy who had meningitis when I knew him!! Look up ED25 on the internet, find out where Martin is, and do a bit of research and write it up. It's not too difficult when you get your head around the idea of inflationary reserves. Then, if you want to be really clever, find a country experiencing inflation now and see what they do.
Answer 2 :
you should go to the accounting website or talk to the teacher after school because 20,000 is very long. you should also go to a tutoring website there many out there
Answer 3 :
Hi, 20,000 words is huge. Are you sure you will be able to do it yourself? I had a 17,000 word dissertation and found it difficult to do it myself. So, I contacted http://www.courseworkwriter.com They have now come with a different wing exclusively for dissertation writing. I suggest you contact them, get the details and then take a call. Good Luck. Cary
Answer 4 :
why not slecting some topic related to Stock market...or better go to some website like fastcustomessays.com and request a gud writer for you. I am not recommnding anything like this and it is always bettr to write ur own paper, but 20,000 words is a big mountain and then itz ok...It is upto you to decide...i used this and find it very helpful
Read more other entries :
Homework Help - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
OK,back in the 1980s there was very high inflation and the ICAEW published Exposure Draft 25 to do with accounting in a very high inflationary environment. The author was Martin Lewis, a very nice guy who had meningitis when I knew him!! Look up ED25 on the internet, find out where Martin is, and do a bit of research and write it up. It's not too difficult when you get your head around the idea of inflationary reserves. Then, if you want to be really clever, find a country experiencing inflation now and see what they do.
Answer 2 :
you should go to the accounting website or talk to the teacher after school because 20,000 is very long. you should also go to a tutoring website there many out there
Answer 3 :
Hi, 20,000 words is huge. Are you sure you will be able to do it yourself? I had a 17,000 word dissertation and found it difficult to do it myself. So, I contacted http://www.courseworkwriter.com They have now come with a different wing exclusively for dissertation writing. I suggest you contact them, get the details and then take a call. Good Luck. Cary
Answer 4 :
why not slecting some topic related to Stock market...or better go to some website like fastcustomessays.com and request a gud writer for you. I am not recommnding anything like this and it is always bettr to write ur own paper, but 20,000 words is a big mountain and then itz ok...It is upto you to decide...i used this and find it very helpful
Read more other entries :
Wednesday, September 1, 2010
Legal entitlement to accounting documents?
Legal entitlement to accounting documents?
I have been trying to get all my paperwork held by my previous Accountant and she will not give me it. I have a bill from Customs from 2006 and I knew nothing about it. She has avoided me and when she called me she was very rude. I have asked her and left messages with her. I know where she lives. I have even visited her. Is she with holding my documents illegally? Whats my next move?
Small Business - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
File a compliant with the entity that licenses and oversees accountants. That might get her attention. You may want to threaten w/ legal action.
Answer 2 :
They are your property. A letter from a Solicitor should sort it out.
Answer 3 :
Is she a CPA? or just a bookkeeper. You probably need to get a lawyer involved. Withholding a clients paperwork is not just mean, but illegal! AS a CPA she has a board to answer to, she could loose her license to practice. Contact another CPA to find the local board she answers to. Since she is avoiding you, I'd say she probably has lost/misplaced some important documents.
Answer 4 :
You can request copies of your accounts and tax returns from HMRC. They're used to such requests from people who have disputes with their accountants. Assuming you've paid your accountant for all that she's done, she has no right to hold your documents from you. It may be worth talking to your local CAB as a starting point. They offer free half hour legal advice sessions. The main bodies in the UK that your accountant will belong to are ICA, if she's a chartered accountant, ACCA - certified accountant or CIMA - management accountant. You'll know from her details which she belongs to and then you can check their websites for what to do in the event of a dispute with one of their members. Good luck!
Read more other entries :
I have been trying to get all my paperwork held by my previous Accountant and she will not give me it. I have a bill from Customs from 2006 and I knew nothing about it. She has avoided me and when she called me she was very rude. I have asked her and left messages with her. I know where she lives. I have even visited her. Is she with holding my documents illegally? Whats my next move?
Small Business - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
File a compliant with the entity that licenses and oversees accountants. That might get her attention. You may want to threaten w/ legal action.
Answer 2 :
They are your property. A letter from a Solicitor should sort it out.
Answer 3 :
Is she a CPA? or just a bookkeeper. You probably need to get a lawyer involved. Withholding a clients paperwork is not just mean, but illegal! AS a CPA she has a board to answer to, she could loose her license to practice. Contact another CPA to find the local board she answers to. Since she is avoiding you, I'd say she probably has lost/misplaced some important documents.
Answer 4 :
You can request copies of your accounts and tax returns from HMRC. They're used to such requests from people who have disputes with their accountants. Assuming you've paid your accountant for all that she's done, she has no right to hold your documents from you. It may be worth talking to your local CAB as a starting point. They offer free half hour legal advice sessions. The main bodies in the UK that your accountant will belong to are ICA, if she's a chartered accountant, ACCA - certified accountant or CIMA - management accountant. You'll know from her details which she belongs to and then you can check their websites for what to do in the event of a dispute with one of their members. Good luck!
Read more other entries :
Saturday, August 28, 2010
BA (Hons) in Accounting and Finance ... what is it and what are there careers ?
BA (Hons) in Accounting and Finance ... what is it and what are there careers ?
BA (Hons) in Accounting and Finance , what is the career of the graduates .... ??
Other - Careers & Employment - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accounting, account processing, payable, deliverable, etc. Auditing Financial Planning and Analysis Tax Processing Corporate Controller CFO Finance Marketing
Read more other entries :
BA (Hons) in Accounting and Finance , what is the career of the graduates .... ??
Other - Careers & Employment - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accounting, account processing, payable, deliverable, etc. Auditing Financial Planning and Analysis Tax Processing Corporate Controller CFO Finance Marketing
Read more other entries :
Saturday, August 14, 2010
Question about Job-costing and Process-costing for Cost Accounting?
Question about Job-costing and Process-costing for Cost Accounting?
Do you think job-costing and process-costing are mere ways to allocate costs for internal users or do you think their results also impact external users via financial accounting and the financial statements?
Homework Help - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I think they are skewed to internal use.
Read more other entries :
Do you think job-costing and process-costing are mere ways to allocate costs for internal users or do you think their results also impact external users via financial accounting and the financial statements?
Homework Help - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I think they are skewed to internal use.
Read more other entries :
Saturday, August 7, 2010
lgbt and accounting ? at chicago state university, prospective student?
lgbt and accounting ? at chicago state university, prospective student?
hey im going into my senior year of high school and i plan on going to chicago state university... do they have a pretty nice accounting program? and how lgbt (lesbian,gay, bisexual, and transgender) friendly are they? i want to be in a challenging yet light weight acedemic atmosphere that i will be welcomed for being an lgbt student..HELP PLEASE
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No worthwhile accounting program is light weight. Comparatively, the more challenging they are, the heavier their "weight", by definition. I would not want to hire an accountant who had gone to a "light weight program".
Read more other entries :
hey im going into my senior year of high school and i plan on going to chicago state university... do they have a pretty nice accounting program? and how lgbt (lesbian,gay, bisexual, and transgender) friendly are they? i want to be in a challenging yet light weight acedemic atmosphere that i will be welcomed for being an lgbt student..HELP PLEASE
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No worthwhile accounting program is light weight. Comparatively, the more challenging they are, the heavier their "weight", by definition. I would not want to hire an accountant who had gone to a "light weight program".
Read more other entries :
Sunday, August 1, 2010
Accounting for Construction Retention?
Accounting for Construction Retention?
In construction, company's are often faced with retentions (both receivable and payable) outstanding for long periods, regularly over 12 months after balance sheet date. It appears as though these retentions are however still classified as "current" in terms of IFRS. I would however argue that the normal operating cycle of a construction company ends before the settlement of all the retentions, and that these could thus partially be classed as non-current? Any comments to back this up or against this argument?
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You are right. But remember that the IFRS refer to only material items. Retention sums compared to the contract sums are probably not all that material so you can do what you want with them. However if you have the figures in front of you and they ARE material, and are not payable or receivable within the next 12 months, then place them in non-current by all means with a note to the a/cs for a brief explanation.
Read more other entries :
In construction, company's are often faced with retentions (both receivable and payable) outstanding for long periods, regularly over 12 months after balance sheet date. It appears as though these retentions are however still classified as "current" in terms of IFRS. I would however argue that the normal operating cycle of a construction company ends before the settlement of all the retentions, and that these could thus partially be classed as non-current? Any comments to back this up or against this argument?
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You are right. But remember that the IFRS refer to only material items. Retention sums compared to the contract sums are probably not all that material so you can do what you want with them. However if you have the figures in front of you and they ARE material, and are not payable or receivable within the next 12 months, then place them in non-current by all means with a note to the a/cs for a brief explanation.
Read more other entries :
Subscribe to:
Posts (Atom)