The well-known apparel brand Gap is owned by The Gap Inc., originally incorporated in California on July of 1969, and reincorporated in Delaware on May 1988.  Its stocks are traded in the New York Stock Exchange under the ticker name GPS. Other than the brand Gap, it operates other famous brands as well such as Old Navy, Banana Republic, Piperlime, and the now-discontinued Forthe & […]

It is really important that the organization to keep accurate and up to date accounting records. Business accounting help the owners of organization to manage their affairs properly and enable outside stakeholders to assess how well the business is performing. There are some reasons to keep good accounting, 1 . Enables you to manage your business and make it grow, because no one knows your […]

Accounting bases are methods used for calculating information for financial statements. The two most commonly used bases are the straight line basis and the declining balance method. It generally depends on the item with regard to which basis is used. The purpose of using different bases is to allocate the cost of the asset over the agreed number of years applying it to each year […]

Finding the most suitable accounting software package for office and business use can be a daunting task especially with so many products competing in the market. Each software offers various benefits for companies. The primary consideration that consumers should bear in mind is that the accounting software must cater to the needs of their customers or company. There are many features bundled in these features. […]

The Asiatic crisis exploded in July 1997 and raised frights of planetary economic recession. It has exposed an unresolved job in the manner of fiscal globalisation that local accounting criterions used to fix fiscal statement did non run into international criterions. The authoritiess have realized the essentialness to better the supervising, ordinance and transparence of fiscal systems under the forces of fiscal globalisation.[ 1 ] […]

Accounting has been around since the beginning of civilisation. Accountancy participated in the development of metropoliss, trade, and the constructs of wealth and Numberss. The importance of accounting can non be overemphasized. Equally of import are the criterions used to guild the application of accounting pattern. Without rules and criterions, fiscal coverage would non reasonably present the fiscal place of a company. Accounting has changed […]

Accounting is the system of recording, reporting and verifying financial information for individuals and businesses, including income, expenses, value of assets, and so on. However, Business Law I, takes what is normally known of accounting and moves into another arena, one which includes civil and criminal liabilities, contract law, ethics and the Sarbanes-Oxley Act of 2002. By establishing the basics in Business Law, accountants are […]

Teaching Objectives: Make clear the concepts such as current and long-term liabilities and their characteristics, known liabilities, estimated liabilities, contingent liabilities and payroll accounting. Teaching Focus: how to define, classify, measure, report, and analyze these liabilities so that this information is useful to business decision makers. What is liability? A liability is a probable future payment of assets or services that a company is presently […]

FINAL EXAM PBHE525 Complete the final exam offline during the final exam week. Once you have complete the exam, input your exam into the final exam shell in the exam folder on the course webpage. Good luck 1. 2. 3. 4. 5. 6. 7. 8. US Census statistics show that college graduates make more than $254,000 more in their lifetime than non-college graduates. If you […]

Managerial Accounting 222 Week 1 Questions 1-1 How does managerial accounting differ from financial accounting? Managerial accounting and financial accounting differs in who the reporting is for and for what purpose. Managerial accounting is for company managers to use to plan, control, and make decisions regarding specific strategies. Financial accounting is prepared for owners, stakeholders, creditors, and government authorities and is used to verify information […]