reporting in the United States health care organization has revolved. Currently health care organizations that includes public and private, for profits and non for profits adhere to generally accepted accounting principles. The generally accepted accounting principles are a mixture of respected criteria that govern the field of accounting, which consist of rules that accountants must comply by. In this paper first it is going to explain the principles of accounting. Next, give an aspect to the value
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Auditing and Assurance Standards Council Philippine Auditing Practice Statement 1003Ph GUIDANCE IN DEALING WITH REPORTS REQUIRED BY THE SEC RELATING TO INCREASE IN AUTHORIZED CAPITAL STOCK OF A CORPORATION PAPS 1003Ph PHILIPPINE AUDITING PRACTICE STATEMENT 1003Ph GUIDANCE IN DEALING WITH REPORTS REQUIRED BY THE SEC RELATING TO INCREASE IN AUTHORIZED CAPITAL STOCK OF A CORPORATION CONTENTS Paragraph Introduction………………………………………………………………… 1-2 Objective……………………………………………………………………
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ACC 100 - 201 Chapter 1: Accounting Communication - An Introduction (Pages 1-21, 25-26) Focus On Financial Results Canadian National Railway Company (CN) * Generated $7.9 billion in revenues; $2.2 billion in income after expenses and income taxes * Owed $5.6 billion to creditors; Assets of $23.5 billion Organization - a collection of individuals pursuing the same goal or objective. Ex: Student groups, a government, a business, a club, or a charity * Need financial information
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investors and regulators have searched for various different methods to improve the safety of investors through more diligent accounting reporting practices. Until recently, detecting fraud was thought to be a part of the responsibility of the accountant. Fraud was something the internal or external auditors were expected to guard against by their periodic audits. We now know that auditors can only check for compliance of a company’s books to the Generally Accepted Accounting Principles (GAAPs)
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and being licensed as a Certified Public Accountant (CPA) is preferred. People going into accounting might want to have more experience in the field, such as an internship or a lower level job. This experience will increase the chances of getting the job, as well as having a master’s degree. Although these things would help give an advantage, they are not necessary, and having a bachelor’s degree would suffice. 20 years ago, the only thing needed to become an accountant was a bachelor’s degree.
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Homework Assignments 2-7 The Public Company Accounting Oversight Board was established through the Sarbanes-Oxley Act to provide oversight over auditors for public companies audit, establishes auditing and quality control standards for public company audits, and performs inspections of the quality controls at audit firms performing those audits. The American Institute of Certified Public Accountants (AICPA) is responsible for issuing auditing, attestation, and quality control statements
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Nonprofit Accounting—Environment and Characteristics 1. Which of the following would not be considered a government or nonprofit organization? A. A software company that sells software exclusively to state and local governments. B. A public elementary school. C. A church. D. A private trust organized for charitable purposes. (Answer: A; Easy; LO1) 2. Which of the following activities would most likely be accounted for as a business-type activity? A. Fire protection
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government units shall be governed by the following fundamental principles: (a) No money shall be paid out of the local treasury except in pursuance of an appropriations ordinance or law; (b) Local government funds and monies shall be spent solely for public purposes; (c) Local revenue is generated only from sources expressly authorized by law or ordinance, and collection thereof shall at all times be acknowledged properly; (d) All monies officially received by a local government officer in any
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ELECTRONIC RESEARCH SYSTEM (SAERS) Welcome to the world of electronic accounting and auditing research. The use of electronic media to research an accounting and/or auditing issue can reduce the research time significantly and thus can make the accountant/auditor more efficient in today's business environment. Efficient and effective accounting or auditing research is often necessary in order to determine the proper recording, classification, and disclosure of economic events; to determine the authoritative
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December, 2013 Business Research Ethics Unethical behaviors and practices in corporate America cause many faces to frown. This only causes the public to question why a number of people run their business with true honestly. Whereas, the other half run an entire business to the ground by attempting to fraud their customers and lie to the public about certain issues regarding the way they practice business. Another example of unethical practices would be insider trading, security fraud, and
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