Accounting treatment of research and development (R&D) charges is a controversial issue since the way of taking into account these fees can sometimes be motivated by incentives to handle the final results. The results of the study are based on a sample of French companies listed and quoted in the financial market: Indeed, this study […]
Weakness in corporate governance and lack of transparency are considered causes of the Asian financial crisis. (Wan et al 2010 ). The corporate scandals happened in the early 2000s urged regulators around the world to suit the medicine to illness of the global financial stability by institute CG reforms. For instance, the Combined Code and […]
“The AASB is hardly an independent standard setting body. Its policies and activities are subjected to the dictation and supervision by at least two big brothers – the IASB and the FRC, not to mention the ASIC.” A critical evaluation of this statement has been done in the light of the present accounting regulatory environment […]
Ans. An advertising agency uses job costing for an advertising campaign for Pepsi because it is likely to be very specific to that individual client. The main aim of job costing is to identify all the specific aspects of each job. Whereas, Process costing can be used to compute the cost of each checking account […]
Annual report and accounts consists of different elements. A financial statement contains the financial information which is communicated to various users depending on their needs. The users can be internal or external users. The importance of this information varies, depending on the needs of specific users but according to the framework, the publication of financial […]
Across time, various accounting theories have been developed by a number of well-respected academics. However, the accounting profession is normally failed to embrace these theories. This paper has analyzed the different valuation models that are currently used and especially focus on historical cost accounting and exit value accounting. It first examines Edward’s statement and then […]
1. Introduction The objective for this assignment is to compare the Activity-based costing (ABC) with traditional costing. Andrade, Filho, Maia and Qassim (1997) found out that Activity-based costing (ABC) is being widely implemented as a substitute to traditional costing. They mentioned the cost of operations in an organization that are reflected by Activity-based costing (ABC) […]
Introduction Financial accounting and management accounting play an important part in accounting information system .They co-exist in enterprise production and operation of management, constituting the modern enterprise accounting system together. Much information which management accounting required is from financial accounting, while financial accounting also put the established budget, standards organizations, and such daily accounting data […]
On April 2001, in the needs for international accounting coordination, the International Accounting Standards Board (refer to IASB in the following context) took over its predecessor known as IASC (Board of the International Standards Committee) and was dedicated for international accounting standards settings. At the first meeting of IASB in London, UK, the main highlighted […]
McDonalds is the one of the largest food service retailer in the world, operating in 117 countries and serving more than 60 million people, it was owned more than 32,000 restaurants globally. Mc Donald operates its business in any of the three types Franchisee, Affiliate or as a Corporation. Company was founded by Richard and […]
