Traditionally companies have been only contend with reporting on what is legally required of them i. e financial statements. Environmental and social reports, which form the core of corporate social reporting, featured less prominently in the company’s annual report. This trend however, changed in the 1990s where many companies started to incorporate corporate social reports in their annual reports. Environmental and social reports started to […]

International Journal of Business and Social Science Vol. 2 No. 20; November 2011 Fair Value Accounting: Its Impacts on Financial Reporting and How It Can Be Enhanced to Provide More Clarity and Reliability of Information for Users of Financial Statements Ashford C. Chea School of Business, Kentucky Wesleyan College 4721 Covert Avenue, Evansville IN 47714 USA Abstract The author begins the paper with a brief […]

This report advises Mr. Phillip Clark, a member of Livent Inc. ‘s audit committee, on what actions to take regarding recent criticisms the company has experienced concerning their treatment of pre-production costs. Essentially, analysts feel that Livent’s current policy of deferring pre-production costs is too aggressive. The most important users that must be considered when determining what approach to take regarding pre-production expenses are the […]

I will use this report writing oopportunity to practice and practically implement my learning in evaluating business and financial performance of a business which spreads its activities from one continent to another. 1. 3 Reasons behind choosing X&Y For me and for my family’s clothing needs I found X&Y as a better place to buy as it sells better and fashionable cloths at lower price. […]

Public Company Accounting Oversight Board (PCAOB) It was company established under the Sarbanes Oxley Act of 2002 to oversee the audit of public companies subject to securities laws and related matters, to protect the interest of the investors and help the public by ensuring that the audit reports are informative, accurate and independent. It is a corporate with succession and shall only be dissolved by […]

Harmonizing to an online lexicon, Cambridge Business English Dictionary Public Interest can be defined asA A noun used when speaking about peoples rights to cognize the facts about a peculiar state of affairs in general concern ( beginning 1 ) . Furthermore in an accounting position, International Federation of Accountants stated it as ”the net benefits derived for, and procedural asperity employed on behalf of, […]

Is the hotel service of the highest frequency words in one, but how to understand the “people-oriented”, and fell at the service Implementation, but not so simple. Four Seasons Hotel prior to the opening trial of business is not facing society, but to face the staff, commissioning a month, the staff try to eat a month, identify problems, stop at any time, In order to […]

Introduction An bureau relationship is a contract under which one or more individuals ( the principal ( s ) ) engage another individual ( the agent ) to execute some service on their behalf which involves deputing some determination doing authorization to the agent ( Jensen and Meckling, 1976 ) . If both parties to the association are public-service corporation maximizers and they may hold […]

Abstract The accounting measurement bases identified by relevant regulatory authorities shall be critically analyzed in this assignment.  The issue of the additivity problem shall be highlighted in this respect.  We shall then identify the measurement approaches adopted by four separate organizations in different industries.  In the latter part of the assignment we shall also discuss the effect that financial statements pose on different stakeholders. 1 […]

Reflective Report During the last term, i have had learned some knowledge from the subject called introduction to finical accounting. For me, this is the first time I had chance to learn this subject, before that I just heard some information about IFA by reading the FT newspaper and watching the news. When I start learning that, this subject gives me the impression that it […]