… to invest in a capital project involves a largely irreversible commitment of resources that is generally subject to a significant degree of risk. Such decisions have far-reaching effects on a company's profitability and flexibility over the long term,…

… process developed to implement an organizations strategy effectively. This involves identification of the critical factors that impact overall success. When the strategic factors are correctly identified, measured, and rewarded regularly, employees…

… I have chosen to discuss working as a partner in an accounting firm. Today's news reports have been filled with the stories of Enron, a major company that went bankrupt. Many people are blaming the accountants from a major accounting firm for the downfal…

… word 'Depretium' which means 'decline in price' or 'value'. Depreciation relates to fixed assets which loose value on account of usage. Therefore 'Depreciation' means decline in value of fixed assets on account of usage. Definitions: Depreciation…

… received a broad-based education. They mean you have passed all parts of a very difficult exam. They mean you have the knowledge, skills and abilities to be a trusted business advisor to your clients or employer. They mean you feel comfortable…

… are those amounts of money which supposed to be paid by a certain period and are not yet paid. Accruals are notes that do not enter in the trial balance. Accruals are placed on the credit side of the balance sheet under the current liabilities…

… 1.1 Introduction Financial accounting statements are summaries of monetary data about an enterprise and are used in an attempt to help make informed decisions in the present and future. Financial statements portray the effects of transactions…

… the true picture of Wormald's financial state was revealed by the accountants, Arthur Young. After a request by the National Companies and Securities Commission (NCSC) Arthur Young prepared a revised report, increasing the original loss of $54.8 million…

… the preparation of a business's financial statements, mainly for users outside the business. These reports are used by owners, potential owners of a business, and by people who have loaned a company money. Some government agencies that regulate business…

… accordance with the various accounting laws and regulations, and are designed for a wide audience. Therefore, to obtain data for specific purposes it is frequently necessary to submit the numbers to specific analysis. Following is an analysis of the…