Introduction to Financial Accounting - 2084 Words

Introduction to Financial Accounting ACCT6331 –Prior Year Suggested Time: 90 minutes 1. When the amount of expenses recognized for the purpose of financial reporting exceeds the expenses recognized for the purpose of tax reporting, a company will have deferred tax assets. Please indicate if the above statement is true or false. a. true b. false 2. BJ Services is an oil and gas service firm. The company does not issue any preferred stocks or convertible securities. The company reports the following EPS data in its 2008 annual report (in thousands except per share data). Net income | $609,365 | Earnings per share: | | Basic | $2.08 | Diluted | $2.06 | Weighted average shares outstanding: | |†¦show more content†¦The sale results in a gain of $200,000 d. The sale results in a loss of $200,000 10. When investments are classified as available-for-sale, fair-value changes are recognized in the balance sheet as unrealized gains or losses (AOCI) that affect owners’ equity. Please indicate if the above statement is true or false. a. true b. false 11. Under the equity method accounting, the investment account is recorded at fair value but only if fair value exceeds original cost. Please indicate if the above statement is true or false. a. true b. false Answer: b, False Rationale: Fair-value accounting is not used for equity method investments. 12. Solomar Inc. has fiscal year ending on 12/31. Solomar purchased security A on 4/20/2007 for $450,000. As of 12/31/2007, the fair market value of security A has increased to $658,000. On 5/3/2008, Solomar sold security A for $700,000. How much is recorded as realized gain at the time of sale if the security is classified as available-for-sale security? a. $42,000 b. $208,000 c. $40,500 d. $250,000 13. Using the information provided in question #25, how much is recorded as realized gain at the time of sale if the security is classified as trading security? a. $42,000 b. $208,000 c. $40,500 d. $250,000 14. A company purchased available for sale securities on 1/1/2008 for $80,000. On 12/31/2008, the fair market value of the available for sale security increases by $45,000,Show MoreRelatedIntroduction to Financial Accounting4559 Words   |  19 PagesCHAPTER 1: INTRODUCTION TO FINANCIAL ACCOUNTING 1.1 USE, PREPARATION AND CONCEPTS * Use: The information derived from financial accounting is used by managers, investors, bankers, financial analysts and accountants, helping them to learn how to use information effectively and to do their jobs better. This information is essential to accountants for the services they provide. * Preparation: to be effective users of accounting information, people need to know something about how andRead MoreReflective Report for Introduction to Financial Accounting1527 Words   |  7 Pagessubject 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 is difficult to understand. During the past few months, I can say I already mastered some of the skills in IFA. I can still remember the first lecture I had learned was the definition of the â€Å"Accounting Equation†Read MoreIntroduction. Financial Accounting Standards Board Has1013 Words   |  5 PagesIntroduction Financial Accounting Standards Board has defined the conceptual framework as – ‘A coherent system of interrelated objectives and fundamentals that is expected to lead to consistent standards and that prescribes the nature, function and limits of financial accounting and reporting.’ The conceptual framework describes the objective of, and the concepts for, general purpose financial reporting. It is a tool that – 1. Assists the FASB to develop and create new International Financial ReportingRead MoreIntroduction, Review of Accounting Process and Financial Statements2050 Words   |  9 PagesIntroduction, Review of Accounting Process and Financial Statements Abstract This paper explains different types of accounting phrases and how they directly affect the accounting field. Phrases which are included and defined in the paper are Generally Accepted Accounting Principles, Contra-Asset Accounts, Historical Cost, Accrual Basis vs. Cash Basis Accounting, and Accounting Standards Codification. Definitions and examples of these terms are included as well as explanations of how they areRead MoreArgumentative Essay1538 Words   |  7 PagesAccounting Regulation: Word Count: 1195 Table of Contents: Page 1.0 Argument in favour of tight accounting regulation: 1.1 Introduction 3 1.2 The agency problem 3 1.3 Comparability of financial statements 3 1.4 Auditing 4 1.5 Auditor’s independence concerns 4 1.6 Credibility of financial reporting 4 1.7 Conclusion 5 2.0 Argument in favour of â€Å"Free market† regulation: Read MoreThe Effects of Technology on the Accounting Profession1065 Words   |  5 PagesThe Effects of Technology on the Accounting Profession ACC/340 The Effects of Technology on the Accounting Profession Advancements in technology have allowed companies, small and large, to keep accurate financial records and eliminate paper entries. Technology has also allowed individuals in the accounting field the ability to interpret the financial information efficiently and effectively. With the introduction of the internet, a company now has the option to expand their business beyond aRead MoreWhat Is a Conceptual Framework and Why Is It Needed1135 Words   |  5 PagesWhat is a conceptual framework for financial accounting and why is it needed? The purpose of this essay is to address the definition of a conceptual framework (CF) for financial accounting and why it is needed. The CF can be described as a â€Å"coherent system of inter-related objectives and fundamentals that should lead to consistent standards that prescribe the nature, function and limits of financial accounting and financial statements† (FASB, 1976). This suggests that the CF has a very importantRead MoreImpact of Ict on Accounting Practice in Nigeria1663 Words   |  7 PagesThe impact of ICT on accounting practice in Nigeria CHAPTER ONE Introduction 1.1  Ã‚  Ã‚   Background of the study   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the recent past centuries, before the inception of Information and Communications Technology (ICT), the accountants of an organization were using a socially acceptable behavioural method of reporting accounting and economic reports, carried out during accounting year ends, the preparation of accounting records, book such as the profit and loss account, the balance sheetRead MoreHistory Of Accounting And Private Sector1534 Words   |  7 PagesIntroduction Since the early 1980s public sector accounting and private sector accounting have experienced significant transformation such as decentralization, deregulation and the differences between thee two sectors are highly topical and political in many countries (Blondal 2003). The key transformation is the adoption of ‘accrual basis’ of accounting rather than ‘cash basis’ accounting by increasing number of countries (Guthrie and Ryan 1998). Meanwhile, public sectors refer specifically to organizationsRead MoreIntroduction To Australian Accounting Standards Board1043 Words   |  5 Pages Accounting Abstract Accounting has been playing a very important role in many places such as Australian accounting standards. Australian accounting standards is also developed by the Australian Accounting Standards Board (AASB). This essay will firstly discuss what AASB is, the role and the functions of AASB. And then, following this, the other projects’ role such as Financial Reporting Council (FRC) and International Accounting Standards Board (IASB) and the relationship between AASB, FRC and

Racial Prejudice In To Kill A Mockingbird - 1564 Words

Rumors regarding others’ flaws or secrets are constantly spread throughout all societies, but when are they ever true? This is an insightful question that the characters Jem and Scout may be asking themselves following their experiences of racial prejudice and unfair judgement of others in the novel, To Kill A Mockingbird, by Harper Lee. Racial issues are still a problem in society today, as are many of the other morals taught throughout the story. For example, the discrimination of the character Tom Robinson leads the children, Jem and Scout, to come to the conclusion that society creates opinions about others based on prejudice, rather than the truth. The author includes many important literary devices that develop the novel and teaches†¦show more content†¦Jem came to the logical conclusion that Boo wanted â€Å"to stay inside† because he did not want to face humanity and its cruelty, something he realized is very prevalent in society. The author includes Bo o Radley constantly throughout the novel to disprove rumors and false statements, further teaching Jem and Scout that others cannot be judged based on these preconceived notions or rumors. His actions disprove the unkind words that are spread about him, and they spark this true coming-of-age moment in the children. He provides them with a precious commodity of life during the time, gum, along with a multitude of other items in the knothole of a tree, covers the two of them in a blanket when they experience the heartbreaking event of Mrs. Maudie’s house burning down, and protect the children from imminent danger. The motif of Boo Radley provides the children with the crucial idea of the meaningful theme that others should not be assessed by lies or stories, rather their actions and character. The author also integrates the symbol of Mr. Dolphus Raymond’s Coca-Cola to further cement the theme of not immediately trusting deceptive hearsay that are spread throughout communities. Scout and Dill take a break from the intensity happening the the courthouse and go outside, where they meet Mr. Raymond who quickly offers Dill a sip of his Coca-Cola, as he was shaken up by the events that conspired during the case. Mr. Raymond is depicted inShow MoreRelatedRacial Prejudice in the Bluest Eye and to Kill a Mockingbird1416 Words   |  6 PagesIn Harper Lee’s novel, To Kill a Mockingbird, the reader is introduced to the theme of racial prejudice through the experiences of the characters Scout and Jem Finch. The story is told from the perspective of Scout. In Toni Morrison’s novel, The Bluest Eye, the reader is also introduced to the theme of racial prejudice through the experiences of Pecola Breedlove and Claudia MacTeer. The story is told through the perspect ive of Pecola Breedlove, and Claudia MacTeer. Both of the novels show differentRead MoreRacial Prejudice in To Kill a Mockingbird by Harper Lee599 Words   |  2 PagesTo Kill a Mockingbird by Harper Lee is A story of a biased trial filled with an extreme amount of racial prejudice. The story takes place in Maycomb, Alabama, during the mid 1930s. The story is being told by a girl named Scout Finch. Scout witnessed her father Atticus Finch, a successful lawyer, stand trial with a suspected rapist Tom Robinson. Tom was a black man who lived in a small town filled with many prejudiced people. The victim, Mayella Ewell, the daughter of Bob Ewell, tells her story ofRead More Racial Prejudice and Oppression in Harper Lees To Kill A Mockingbird2126 Words   |  9 PagesRacial Prejudice and Oppression in Harper Lees To Kill A Mockingbird Democracy, she said. Does anybody have a definition? ... Equal rights for all, special privileges for none (Lee 248). To Kill A Mockingbird, Harper Lees only novel, is a fictional story of racial oppression, set in Maycomb, A.L. in 1925 to 1935, loosely based on the events of the Scottsboro trials. Unlike the story however, the racial discrimination and oppression in the novel very accurately portrays what itRead More Racial Prejudice in Harper Lee ´s To Kill a Mockingbird Essay1171 Words   |  5 Pages Life is like a thrill ride; one never knows what will be in store for them. Many characters in the story To Kill a Mockingbird by Harper Lee feel the same way about life, having experienced many surprising and unexpected turns of events. This story is about a sleepy southern town filled with prejudice, and a lawyer’s quest, along with his children Scout and Jem, to take steps in ridding the town of its prejudiced attitude. Despite being a white man, a lawyer named Atticus, defends an innocentRead MoreTo Kill a Mockingbird Justice1545 Words   |  7 Pagesin To Kill a Mockingbird . Ideally, justice would be blind to race, gender or other differences yet, as shown in To Kill a Mockingbird, it isnt and for the most part, justice is not served. Many innocent characters, or mockingbirds, are subject to the injustice of the prejudice folks of Maycomb County and, consequently, are destroyed. These mockingbirds include, but are not limited to, Boo Radley, Tom Robinson, Mayella Ewell and Jem Finch. Very little Justice is served in To Kill a Mockingbird becauseRead MoreTo Kill A Mockingbird Analysis1378 Words   |  6 PagesThe Influence of Setting on Themes and Events in To Kill A Mockingbird Vs. A Time to Kill A setting is used in literature to highlight the major themes and also shape the events of the narration. Though set in different time periods, the settings of To Kill a Mockingbird by Lee Harper and A Time to Kill by Joel Schumacher serves to reinforce various themes that highlight various aspects of American history. Racial segregation and issues associated with it such as the lifestyle of the Southern stateRead MoreTo Kill a Mockingbird and A Time to Kill: Similarities and Differences818 Words   |  4 PagesA Time to Kill and To Kill a Mockingbird both have a number of similarities to be compared and contrasted. Both stories can be compared in their themes about justice and racial prejudice. However, this is where the similarities end. The themes and ideas in both novels are vastly different in shape and scope. In A Time to Kill justice is the main theme and most of the ideas are focused on justice and the gray in between the lines of black and white set by the law, racial preju dice is also touchedRead MoreTheme Of Symbolism In To Kill A Mockingbird791 Words   |  4 PagesTo Kill a Mockingbird by Harper Lee is a multi-faceted novel which explores the principles and morals of people in the South during the 1930s. Mockingbirds are symbolic of the people that society abuse. Lee narrates the events of the novel using Scout’s voice and uses this technique to add emotional context and develop themes. Themes of racial and classist prejudice are developed by Lee to challenge the reader. These techniques are all powerful ways to alter the views of the reader. MockingbirdsRead MoreExamples Of Prejudice In To Kill A Mockingbird797 Words   |  4 PagesThe mockingbird is a type of bird commonly found in North America. It sings and imitates the sounds of other birds and animals. It is considered a sin to kill a mockingbird because all they do is sing and never eat crops. They are comparable to the people who get criticized for nothing, they are both innocent. Hatred in society takes many different forms such as racial, disability, and religious prejudice. Prejudice has been happening for a long time and still happens everyday. Everyone can experienceRead MoreRacial Discrimination And Its Effects On People And Society1653 Words   |  7 PagesRacial discrimination has many effects on people and the society, and these effects are mostly negative. In To Kill a Mockingbird, Harper Lee, the author, demonstrates racial discrimination and its effects through Tom Robinson s case. Tom Robinson is accused of raping and beating Mayella, and Atticus Fi nch is the man who steps up to defend this innocent man in the town of Maycomb, where everyone was decided from racial prejudice. In the three following sources, Montgomery Boycott, White People

Influences on Belizean Youths Free Essays

Influences on Belizean Youths As we the year passes by it is less common to see any youth showing how proud they are of their culture by dressing and practicing the aspects that their culture represents. It is more common to see the influences that other countries have brought into our country and which have caused a cultural erasure especially in the lives of us the young one. However, society tends to see these changes and take in mind as it doesn’t affect our origins and from where we initiated. We will write a custom essay sample on Influences on Belizean Youths or any similar topic only for you Order Now Presently today it is very rare to see any youth dressing according to their culture, listening to cultural music and eating cultural food that once used to be the delicacy and cuisine of Belize. For the way of dressing of the youths in Belize, there is more skinny jeans and miniskirts than garifuna headbands and maya mipils. The clothing used here in our country has been influenced by the clothing weared in the United States or other foreign countries. It is visible anywhere because the only ones wearing cultural dressings are the elderly who live in villages but rarely anyone living in towns and in the city. At school you can see that every youth will be dressing fashion according to other societies of the foreign. Now a day’s young girls and boys only speak about Emporio Armani and E- hardy. At stores you can see that there are only important clothing brands on sale of which the designers are foreign and very famous. Music plays an important role for a young adult because that is the way they identify themselves. In this generation most youngsters will listen to hip-hop, rap, regeaton, rock, reage, etc. but for sure never any Rancheras. The closest cultural music found in our country is Punta. Closest I say because today Punta has been mixed with foreign music in order to form Punta rock. The present artists in our country would be Supa-G, Gilhary 7 and Youth Connection Band, which all of them base their music in Punta. Also the influence of music can be seen in our same Belizean arists. Those who participate in Duets and K-TV Latino would only perform foreign songs and never any cultural presentation. It is sadly that our most famous artist, Andy Palacio, who stuck to his culture and sang in Garifuna his Punta songs, has passed away. Will there be any other who would want to follow Andy’s example? Even the food here in Belize has changed as the years passes by. The influences in Belizean diets comes from England, the US and Mexico especially for the youths. At school you can see that students prefer to buy food that is not Belizean such as enchiladas and quesadillas. The most common Belizean cousin that has not lost popularity in our country is the rice and beans although some still prefer Chinese burger or fry chicken. It is true that foreign cousins have a delicious flavor and are very appetizing but so is the food prepared that once our elderly used to cook for us, being 100% Belizean. Belize is a very beautiful home land for us Belizeans and we should appreciate such heritage given to us by our ethnic groups. It is very clear that our culture is being left behind and that the influences of other countries are impacting our youths. The way they dress, the music they listen to and the food they eat all can be seen that there is foreign influence. Belizean youth must not forget that they form part of an ethnic group and that they represent the future of Belize so if they forget their origins so will Belizean history. How to cite Influences on Belizean Youths, Papers

Young People and Sexual Ethics

Question: Discuss about the Young People and Sexual Ethics. Answer: Introduction: Youth can be defined as green and salad days of life .It is time of life when one is young. It is defined as age specific between childhood and adulthood. The most favourite time of life is also one of the most challenging time. It is the time when one has to make very important decisions of life. At the same time it is the phase which can be disturbing and life changing phase. It has been seen that adequate percent of youth are choose wrong path in life. The reason for doing so is ignorance and misunderstanding of different views around them. One of the major problems faced by todays youth is to deal with sexuality. Thus this beautiful and energetic phase of life needs to take care. Sexual ethics pursues to know the moral conduct of interpersonal relationship. It further focus on sexual activities from social and moral conduct .Studies have shown that sexual ethics is one of the important education taught to young people. Educating young people has the conceivable contribution to the prevention of sexual violence. An ethical approach to sex is needed at present era. Young people need to understand the broader connection between relationship and changes with time. This can happen only when youth are death with professional attitude. The relationship between young people and sexuality is a broad study. The sexuality has been studied widely.Human sexual behaviour is diverse and different from other organism. It is complicated at the same time. It has to be seen with biological and psychological angle. It is linked to social and mental health. An important reason to study human sexuality is that it is a source of motivation. Sexual motivation does influence towards human behaviour. Study of human sexuality without addressing biological prospective is not possible, as human behaviour is driven both biologically and socially.Hormones may be viewed as one of the major "driving forces" of sexual behaviour. Over the past several years, there has been much research examining the various roles that hormones play in the sexual behaviour of humans. Hormones are produced by the gonads (i.e., testes and ovaries), the adrenal cortex, the pituitary gland, and the hypothalamus. They exist in different concentrations, however, wi thin males and females (Molina 1999). Human sexuality is a very multifaceted activity which need to deal with profound care. Young people receive ample of information about sexuality and gender on daily basis. We believed that a deep and quality curriculum-based sexuality education will help young adults to grow into responsible citizens. Although most of the educational programmes and policies are implemented in schools and colleges but the quality of the imparted education is weak. Research work done in the field of youth and sexual ethic has find that with the advent of new approach to deal and educate youth about sexual ethics is effective (Sidbe) There has been a strong international commitment to promoting the provision of comprehensive sexual education. Sexual ethic in a society will come only with comprehensive sexual education. Various sexual related social and religious taboos has created a resistance in implement of sexual education programme. As stated in a study, the dominant sexual ethic communicated to adolescents in the United States reflects an act centred prescription: abstinence-only-until-marriage. Youth are being told "just don't do it" without being given the opportunity to discuss the positive meanings of sexuality, the characteristics of healthy relationships, or the pleasure derived from sexual behaviours.(Kate 2007). The progressive mind set and new research work is needed. Lots of problems and resistance are created by different mind-set across the globe. National magazine under took a study for the need of education in the field of sexuality and behaviour changes and observed that there is period of wrenching change in sexual attitude. Educating people, changing behaviour about sex education, detaching stigma from the discussion of sex related talks are in progress of implementation. A major problem is that when a child is grown first at home parents cannot communicate their thoughts about sex properly. In some cultures it is taboo to talk about sex .They may want to talk and communicate but because they are not educated properly in the field causes issues in creating awareness. Further when a child enters to the world filled with easy accessible information there are greater chance of getting caught in a web of information which end up misleading the young brains. Educating young mind and children is only way out for making a society sexually ethical ethical. Schools and teachers are primary source to make a society ethical. To give a powerful implementation, a country need to get better policy making and effective laws. Studies have recommended the inclusion of young people on committee, review board and different policy making group. This would help law makers for better result.(Albury , Crawford, Methews 2013).If effective work will be done at grass root t level, there is hope for educated society which deals sexual subject as it should be dealt. References: Molina.L, 1999, Human Sexuality, Springs. Sidibe.M, Youth and Comprehensive Sexuality Education. Katte.M.ott, 2007, Re thinking Adolescent Sexual Ethics, volume 2 Issue 2 Albury,k, Crawford, k,Byron,P, and Mathews,B.(2013, April 12). Young people and sexting in Australia:Ethics, representation and the law.