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Accounting practices

Accounting practices have been used for decades now since the first farmer has kept track of the number of sheeps or cows he has owned and the first merchants tracked inventory and kept records of their profits and losses. From these humble and smart beginnings,...

Accounting Cost Accounting Management accounting 1 Page

The Importance of Accounting

Mrs. Townlian Accounting January 19 Accounting is planning, analyzing, and interpreting financial information. Or less commonly known as the art of recording, classifying, summarizing, in a remarkable way, in terms of money, transactions, and events usually of financial classification (“Users Of Accounting”). Accounting allows those...

Accounting 1 Page

The role of Forensic Accounting in preventing and overcoming financial crimes

Today fraud is more sophisticated and devastating than it was ever before. In recent years, the complicated nature of current racketeering and anti-graft laws as well as regimes especially addressing accounting transparency, has driven the growth of forensic accounting worldwide. Though a niche field, the...

Accounting Crime Prevention Finance 2 Pages

The Concept of Depreciation

American Accounting Association describes depreciation as, ” Any decline in the service potential of plant and other long term assets should be recognized in the accounts in the periods in which such decline occurs. The service potential of assets may decline because of gradual or...

Accounting Debt Value 2 Pages

Eаrnіng Money Wіth Instаgrаm Eаsіly

The more аccounts you creаte, the eаsіer іt wіll be for you to mаke money. Usuаlly, however, you should creаte аt leаst fіve Instаgrаm аccounts, аnd іt’s better for those who mаy produce more. Insteаd, you hаve to run severаl Instаgrаm аccounts. There аre those...

Accounting Instagram Money 2 Pages

Evaluation of the Impact of the Accounting Cycle in a Company

The Accounting Cycle is a combination of processes that occurs at various periods throughout a designated time period. The time period can be weekly, monthly, quarterly, semi-annually, or annually, based on the needs of the organization or company for which the accounting cycle is being...

Accounting 2 Pages

Financial report: Impairment loss

The AASB in 2004 released a 106 pages accounting standard relating to impairment of assets. The AASB 136 is applicable to the annual reporting on or after 1 January 2005. The key feature of the AASB 136 is that it will replace the accounting standard...

Accounting Finance 2 Pages

Integrated Reporting Narratives: For and Against

An overwhelming number of previous studies in accounting narratives are mostly related to disclosures and narratives in annual reports ignoring new reporting models as integrated reporting. Subsequently, it is necessary to reinvestigate prior research findings in a current context considering the new changes in the...

Accounting Communication Research 2 Pages

Analysis of the Problems Associated In the Administration and Scoring Of Exams in A Standard Manner

Contemporary Issues with Standardized Testing Numerous studies have been conducted on the various aspects of standardize testing since Horace Mann coined the idea in the year 1845. Horace Mann’s idea behind standardized testing was that instead of oral testing at the end of each year,...

Accounting 3 Pages

Why did SEBI ban fee Waterhouse?

What caused the choice? In January 2009, Satyam computer services’ chairman B. Ramalinga Raju wrote a letter admitting that the agency’s balance sheet changed into fudged and protected inflated and non-existent coins and financial institution balances. Rate Waterhouse (PW) was the auditor. Satyam laptop services...

Accounting Audit 2 Pages