Accounting is important for managers because it allows them to keep track of the financial situation of their company, its income and expenses, making predictions. Being responsible for the company’s financial success, managers are also responsible for filing financial statements timely and appropriately, so that all the performance of the...

In the international accounting practice, four types of accounting changes can be defined (Hall and Aldridge 2007): 1) change in accounting principles, 2) change in accounting estimate, 3) change in reporting entity, and 4) correction of an error.Investopedia (2016) defines a change in accounting principles as “a change in a...

After changing the accounting policy, where the Apple Company recognizes the revenue just after selling the Smartphone, there will be a significant change in the company financial statements (Blodget 2). The change in the revenue recognition policy will affect the stock, profits and the cash flow of the company. Below...

This letter is written with respect to your posting for an Accounting: Audit and Tax Position at [Company Name.] Enclosed please find my resume for your review and consideration. I am a seasoned professional who would bring to the position, a wealth of educational and on the job experience, including...

The following suggests three likely situations, under which a required equipment should be leased. In the situations, ethical issues come up because a significant section of the motivation appears to have an agreement of a capital lease as well as ensuring that the liability is kept off the balance sheet....