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A career in taxation is by no signifies limited to public accounting. for the reason that there are so many types of taxes impacting so many aspects of our lives tax specialists act as consultants in a large number of fields. For instance many companies offer deferred compensation or stock bonus plans to their executives. Almost all companies provide some sort of pension or other retirement plan for their employees and health care benefits. Major tax savings is able to be generated for both the company and their employees if these benefits are structured correctly. In reply to the amazing complexity of our tax laws many schools offer masters degrees specializing in tax. Such a degree isn't required to specialize in tax but does offer students a significant advantage if they want to pursue a career in taxation. In a recent review of 1400 chief financial officers the top two responses to the question which one of the following areas of specialization would you recommend to someone just beginning his or her career in accounting? Were tax accounting and personal financial planning. These responses reproduce the indisputable fact that as the US demographic includes more wealthy and older Americans than ever before professional tax guidance will be in ever-increasing demand.
Q. What is Inventory? Inventory -- Supply or stock of products and goods that a company has for sale. Amanufacturer may have 3 kinds of inventory: raw materials waiting to be c
Q. Effects of bias in terms of accounting? Where there is no correspondence the cause may be (a) bias or (b) lack of completeness. - Effects of bias. Accounting measuremen
how can i determine the total debt of a commercial bank? Which financial statement do i need to look?
Why is it important for accounting information to be accurate and timely?
My company has done a down payment on inventory ,then manufacturer will ship this order between 30 to 60 days after original payment and the balance is due 60 days once the order g
Components of Profit and Loss Account The Profit & Loss Account intend to check profit. It has three parts. 1) The Trading Account: These account the money in (revenue)
Q. What do you eman by Purchases account? In periodic inventory procedure a merchandising company uses the Purchases account to record the cost of merchandise bought for resale
1. Double declining method 2. Units of production method 3. Sum of year digit method 4. Straight-line method Depreciation Fund Method Insurance Method Annualy Method
San Jose Company issued 5-year $200,000 face value bonds at 105 on January 1, 2012. The stated interest rate on these bonds is 9%. Use the straight line situation to complete the a
Calculate WACC and Rate of Return Capital Structure: 50% debt and 50% equity financing Current cost of debt is 2% above prime (Prime is currently 2.5%) cost of equity is e
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