No.6 (Serial No.61) Journal of Modern Accounting and Auditing, ISSN 1548-6583, USA Fair value accounting under financial crisis HE Cai-xia1, ZHANG Chi2 (1. School of Accounting, Zhongnan University of Economics and Law, Wuhan 430073, China; 2. School of Management, Huazhong University of Science and Technology, Wuhan 430073, China) Abstract: The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA). This debate presents a major challenge
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5 Normative theories of accounting 1: The case of accounting for changing prices Learning Objectives http://www.download-it.org/learning-resources.php?promoCode=&partnerID=&content=story&storyID=19988 Upon completing this chapter readers should: ◆ be aware of some particular limitations of historical cost accounting in terms of its ability to cope with various issues associated with changing prices; ◆ be aware of a number of alternative methods of accounting that have been developed to
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Accounting Standards Harmonization and Financial Statement Comparability: Evidence from Transnational Information Transfer Clare Wang The Wharton School University of Pennsylvania wclare@wharton.upenn.edu Current Version: January 2011 Abstract This study investigates whether harmonization of accounting standards enhances the comparability of Önancial information across countries. First, I statistically deÖne and link comparability to Örm value in a two-Örm, sequential information release framework
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and what we should consider when pricing. It also pays attention to the current standard costing approach adopted by the company together with Variance Analysis and the roles it plays in management accounting and how variance analysis contribute to overall profit. In efforts to improve profit levels it was decided to switch to ABC System and special attention is paid to the advantages and disadvantages. 1.0 Introduction Manac plc, is a large company which manufactures and sells a range of
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samya Alakhdar , Dr . Moade Shubita , NYIT –AMMAN –JORDAN FALL-2011. Key words :managerial accounting , cost accounting , CVP. o "USEFULNESS OF COST VOLUME PROFIT ANALYISI AS AMANGERIAL CONCEPT" 1 DR.MOADE SHUBITA "USEFULNESS OF COST VOLUME PROFIT ANALYISI AS AMANGERIAL Concept" By samya Alakhdar , Dr . Moade Shubita , NYIT –AMMAN –JORDAN FALL-2011. Key words :managerial accounting , cost accounting , CVP. TOPICS TO COVER: ABSTRACT INTRODUCTION
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Accelerated-depreciation method Depreciation method that produces higher depreciation expense in the early years than in the later years. | | Account A record of increases and decreases in specific asset, liability, or stockholders' equity items. | Accounting The information system that identifies, records, and communicates the economic events of an organization to interested users. | Accounts receivable turnover ratio A measure of the liquidity of accounts receivable; computed by dividing net credit
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Consideration Of Price Level Changes Financial statements prepared under historical cost accounting are merely statement of historical facts. Changes in the value of money as a result of changes in general level of price are not taken into account. Hence, they fail to give true and fair picture of the state of affairs of the organization. 2. Unrealistic Fixed Assets Values In historical cost accounting, fixed assets are recorded and presented at the price at which they are acquired. Changes in the market
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4 3.2 Positive Accounting Theory 5 3.2 Efficient Market Hypothesis 7 4.0 Discussion and findings 8 5.0 Conclusion 10 Reference 12 Relationship between Fair Value Measurements with Investor Confidence during Global Financial Crisis Abstract As investor, the needs of information which can reflect accurate financial information matching with current market condition is essential. Using fair value methods and measurement for asset valuation is one of the best accounting methods which can
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Management, Leadership, and Controlling In Wal-Mart This article is about Wal-Mart and how its controls their management and accounting issues. Wal-Mart is the world’s largest retailer, and with that the company has a lot of areas that need controlled. Wal-Mart has been battling issues with their financial division since the Mexican bribery scandal in 2012. The scandal was found that eight of Wal-Mart’s CEO’s of the international division were paying off politicians to speed up the process of building
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manufactured by either two methods; they are capital intensive method and labor intensive method. I believe that the best method is labor-intensive method. In order for Martinez Company to succeed, it is important for managers to gain knowledge on accounting. Accounting skills can be used not only to calculate payroll or the revenues generated by the sale of some products; it also can be used also to forecast inventory
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