Essays on Income and Profit

1

Five Functions of a Budget

1 page / 454 words

A budget is a financial plan that outlines the projected revenues and expenses for a specific period of time. It serves as a tool for organizations and individuals to manage their finances effectively. In this essay, we will explore the five key functions of a...

Budgeting Personal Finance

2

The Importance of Budgeting

1 page / 424 words

Budgeting is a crucial financial tool that individuals and organizations use to plan and control their spending. It involves setting financial goals, estimating income and expenses, and creating a plan to allocate resources effectively. In this essay, we will explore the importance of budgeting and...

Budgeting Science and Culture

3

The Federal Reserve: Guardians of The U.s. Economy

2 pages / 790 words

The United States’ financial system is a complex and intricate web that influences the lives of every American. At the center of this system stands the Federal Reserve, often referred to as the Fed. The Federal Reserve plays a pivotal role in shaping the country’s...

Budgeting Foreign Exchange Market

4

The Opportunity Cost that I Have Encountered in My Life

1 page / 411 words

Economics, at its core, revolves around the fundamental concept of scarcity – the idea that resources are limited while human wants and needs are infinite. In navigating this reality, individuals, businesses, and societies are constantly faced with the challenge of making choices. These choices come...

Opportunity Cost

5

The Auditing Software Tool to Streamline Effective & Efficient Internal & External Audits

1 page / 668 words

TeamMate Analytics The data analytics program TeamMate Analytics is an auditing software tool designed to streamline effective and efficient internal and external audits. TeamMate Analytics software is used in over 70 countries across the globe and serves more than 100,000 auditors and 2,500 organizations ranging...

Accounting Audit Computer Software

6

Financial Costs of War

5 pages / 2292 words

Waging war is very expensive and costly. As Sun Tzu notes in his book, In the operations of war, where there are in the field a thousand swift chariots, as many heavy chariots, and a hundred thousand mail-clad soldiers, with provisions enough to carry them...

Cost Accounting Society

7

Economics of European Integration

5 pages / 2082 words

The three fiscal policies in the European Union are: Institutional Arrangements, Excessive Deficit Procedure and the Stability and Growth Pact. For the institutional arrangements these are put in place in order for EU member states to establish sound fiscal policies and has been agreed upon...

Budgeting European Union

8

The Significance of Accurate Production Cost Estimation in The Construction of a Project

4 pages / 1623 words

Analysis and Control of Production Cost Introduction The cost incurred by the company is the production cost that is a combination of labor, raw materials, and other additional expenses. Costs provide an overview of the total construction expenditure (Jstor, 2015 p. 436). Cost planning techniques...

Construction Management Cost Accounting

9

Evaluation of Procter & Gamble’s Strategy in Determining The Cost Structure of Their Business

8 pages / 3722 words

Introduction Tide, Old Spice, Crest, Ivory, Swiffer. The chances are that most consumers in the United States and the rest of the Western world have heard of these brands, and associate them with specific types of products. Procter & Gamble is one of the leading...

Cost Accounting

10

The Significance and Advantage of Comparing a Project Expenditure to Its Benefits

2 pages / 829 words

CBA is the process of quantifying benefits and costs of a project, decision or a program in a given period (Brealey et al., 2012). The CBA analysis estimates the NPV (net present value) of the project by invest and returns discounting. Inclusively, the Rate of...

Cost Benefit

11

The Significance of Evaluating The Total Expenditure of a Project in Regards to The Making of Policies

2 pages / 946 words

Cost benefit analysis is an important tool for policy makers since it helps them to make fair decision of taking up large scale project which will incur capital expenditure which is less than its benefit. It usually evaluate the total expenditure can incur in carrying...

Cost Benefit

12

What Should Be Done in Order to Improve The Fire Safety Standards

3 pages / 1295 words

Introduction The Bureau of Labour Statistics reports that explosions and fires were responsible for about 3 percent of workplace fatalities in the United States. Uncontrolled fires impose significant impacts on organizations every year by causing damage to property, loss of life, injury and lost trust...

Audit

13

New Changes in Tetra Pak Inc Policy

2 pages / 722 words

The board of Tetra Pak Inc has recently decided that in order to comply with principles set forth by GAAP that it is in the best interest of the company to hire external auditors to conduct an annual audit. The purpose of this audit is...

Audit

14

A Significance of The System of Audit and Corporate Governance

3 pages / 1198 words

Introduction The audit committees in the recent past have become a mechanism that is common for corporate governance internationally. Corporate governance is the process in which the director of a particular company ensures that the company is running properly. It strictly entails monitoring the senior...

Audit

15

The Effect of Aca Budget on The American National Budget

5 pages / 2239 words

On the ACA Impact on the Federal Budget Deficit, the Author Dana Smith compiles not only the CBO’s referendum on the topic of deficit/surplus implications, but also other NGO’s, offering largely a positive and inversely normative views on the ACA implications. Within the compilation, the...

Budgeting Economic System

16

Getting Ready for The New Partnership Audit Rules

2 pages / 972 words

The New Partnership Audit Rules under The Bipartisan Budget Act (BBA) of 2015The Bipartisan Budget Act (BBA) of 2015 was signed into law in November 2015. This new law marks a major change in how the IRS will approach a partnership audit moving forward. This...

Audit Budgeting

17

Comparative Analysis of Accounting and Auditing

1 page / 480 words

Accounting is a specialized language of business which helps to understand economic activities. It is an act of orderly, keeping the records of the daily monetary transactions of the business, the transactions are then classified into various groups followed by summarizing in a way that...

Accounting Audit

18

External Audit, Its Purpose and Difference from Internal Audit

1 page / 631 words

External Audit James Wilkinson (2013) defines external audit as “a company audit which is performed by a party which is not a department or employed by a business to be audited”. External audit is also explained as an obedient or non-obedient audit realized by a...

Audit Company

19

Reasons Against Use of Single Company- Wide Cost of Capital

2 pages / 735 words

I would not recommend the use of single company-wide cost of capital in all ExxonMobil (XOM) business units. This is because, different business units encounter distinctive risk levels and cost structures, hence, the ExxonMobil wide cost of capital must be modified for every unit, with...

Company Cost Accounting