Contrasting the different types of accounting

Assignment Help Accounting Basics
Reference no: EM13151074

Write a 700- to 1,050-word paper in APA format comparing and contrasting the different types of accounting, namely accrual, cash flow, and fund accounting. Be sure to consider the following:

1.) How are entries made under each type of accounting?

2.) How does each type of accounting handle depreciation, if at all?

3.) How is inventory accounted for?

4.) Are there any differences between the organizations that adopt a particular accounting method?

What are the strengths and weaknesses of the various types of accounting?

Cite at least two sources other than your text.

Post your paper as a Microsoft® Word attachment.

Reference no: EM13151074

Questions Cloud

Economic value added for the current situation : Accurately computes the return on investment, economic profit, and economic value added for the current situation. (Assume that the after-tax cost of capital is 8%. The formulas used in your calculations must be included.)
How much faster is a transporter than simple diffusion : Cells use transporters to move nearly all metabolites across membranes. But how much faster is a transporter than simple diffusion? There is sufficient information available for glucose transporters to make comparison.
Multi product factory operates at full capacity : When a multi product factory operates at full capacity, decisions must be made about what products to emphasize. In making such decisions, products should be ranked based on multi choice:
Find probability graduates find jobs in their chosen field : Chosen field within a year after graduation. Find the probability that 11 randomly selected graduates all find jobs in their chosen field within a year of graduating.
Contrasting the different types of accounting : Write a 700- to 1,050-word paper in APA format comparing and contrasting the different types of accounting, namely accrual, cash flow, and fund accounting. Be sure to consider the following:
Return on the well-diversified portfolio : Consider the one-factor APT. The variance of the return on the factor portfolio is .08. The beta of a well-diversified portfolio on the factor is 1.2. The variance of the return on the well-diversified portfolio is approximately _________.
What about dna facilitates copying : In context if chemical evolution, DNA's structure is interesting because it suggests a possible copying mechanism. What about DNA's facilitates copying?
Define the acid-dissociation constant for hypochlorous acid : The acid-dissociation constant for hypochlorous acid (HClO) is 3.0x10^-8 A)Calculate the concentration of H30+at equilibrium if the initial concentration of HClO is 9.0×10-3
Calculate the value for the solubility-product constant : A saturated solution of lead iodate in pure water has a lead ion concentration of 4.0 x 10¯5 mole per liter at 25 °C

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Determining the income tax rate

Piper's income before depreciation, before income taxes, and before the cummulative effect of the accounting change (if any), for the year ended december 31, 2011, is $250,000. The income tax rate for 2011, as well as for the years.

  Negotiated transfer price between divisions

Assuming the Box Division has enough excess capacity to supply all of the Rolling Division's needs, which of the following is the range at which a negotiated transfer price between the two divisions should occur?

  Terminology of the accounting process or financial reporting

Specifically, you are making a presentation about your role as an accountant. Describe for the students the primary objectives of accounting. a) Explain the basic terminology of the accounting process or financial reporting.

  International management accounting conference

Assume the following comments were recently overheard at an international management accounting conference. For each group of comments below, state whether or not you agree with each set of comments, and provide a 2- to 3-paragraph rational for yo..

  Calculate the breakeven point in units

Provide for a general definition of the income statement, its purpose as well as its relation to the Balance Sheet and Cash Flow statements

  Current liabilities section of the balance sheet

Prepare the current liabilities section of the balance sheet for Rock On Magazine Inc. on March 31, 2009.

  Accounting-relevance of budgeting

Discuss the relevance of budgeting as it relates to the accounting profession in general. Relate lessons learned from a self-selected reading or from something you learned while working on your accounting profession in general.

  Exposure to exchange rate risk

A U.S. firm has a Canadian subsidiary that remits some of its earnings to the parent on an annual basis. The firm has no other foreign business. The firm could best reduce its exposure to exchange rate risk by issuing bonds denominated in:

  Tree types of benefits

A recent survey conducted by Towers Perrin and Published in the Financial Times showed that among 460 organizations in 13 European countries, 93% have bonus plans, 55% have cafeteria-style benefits, and 70% employ home-based workers. If the types ..

  Variable costs as a percentage of sales

Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?

  Actual overhead costs-standard volume

Delta Company's flexible budget formula for overhead costs is $100,000 per month foxed costs plus $26.00 per unit variable costs. Standard volume is 5,000 units a month. Actual overhead costs for June were $280,000, and output was 6,000 units.

  Probability of alternators failing

A certain airplane has two independent alternators to provide electrical power.The probability that a given alternator will fail on a 1-hour flight is .02. What is the probability that (a) both will fail? (b) Neither will fail? (c) One or the othe..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd