Discuss the emergence of accounting as is today

Assignment Help Accounting Basics
Reference no: EM132466932

QUESTION 1: Double entry book-keeping has been in existence for a long time. In fact, it revolutionised the way in which accounting records were kept and what they tried to record. Many events, including the emergence of this form of recording caused the role of the accountant and the purpose of financial statements to change.

Required:

problem 1: Discuss the emergence of accounting as it is today. Identify the major historical events that stimulated change in the way financial statements are prepared.

QUESTION 2: There is a wide range of users of financial (accounting) information. Every user has different needs.

Required:

problem 1: Identify any FIVE (5) users of financial information and explain how their needs are met (or not) by financial information.

problem 2: Who is responsible for providing this information?

problem 3: Discuss how these needs are met or not met. (Think about the various ways they can get the financial information they require)

Reference no: EM132466932

Questions Cloud

Determine the accounting information system : Determine the Accounting information system.Rob, Teri, Kirk, and Peggy are students in the accounting program at Big State University.
Estimating the manufacturing hours for an airframe : The airframe you are estimating weighs 150,000 pounds. Give the following equation, select the correct response from each pair.
How do process the sales journal : How do you Process the Sales Journal? a creditor invoice, a payment made to a creditor and a contra deal? PROCEDURE templates for these processes.
Average annual compound rate of interest on jake : What was the average annual compound rate of interest on Jake's loan from his father?
Discuss the emergence of accounting as is today : Discuss the emergence of accounting as it is today. Identify the major historical events that stimulated change in the way financial statements are prepared.
What is the present value or worth of bond : If investors are willing to accept a 12 percent rate of return on bonds of similar quality, what is the present value or worth of this bond?
CTEC2910 Concurrent and Parallel Algorithms Assignment : CTEC2910 Concurrent and Parallel Algorithms Assignment Help and Solution, De Montfort University, UK. Explain, in words, the purpose of the mod n statement
How much will biz corp need to increase its fixed assets : How much will Biz Corp need to increase its fixed assets if the company wants to grow to $8,500,000 in sales? $9,500,000 in sales? $20,000,000 in sales?
Journalize all entries required on the listed dates : Journalize all entries required on the listed dates, including entries to update depreciation, and where applicable, on assets disposed of. Zhou Ltd

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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