Mark to Market Accounting Mark to Market Accounting and Ethical Issues Ethical Issues ACC-504 April 16‚ 2012 Abstract Economic principle’s rationale for requiring guidance for financial institutions is to use mark-to-market accounting or fair value accounting on their financial reports. With the current economic crisis‚ questions have been raised as to whether or not fair value accounting is making this crisis worse. In this paper I review the history of fair value accounting and the ethics
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Fair Housing Rights! A Brief Summary What does Fair Housing Mean? Federal‚ State‚ and Local laws prohibit housing discrimination based on the categories listed below. The laws cover housing for rent or sale‚ advertising‚ lending‚ insurance‚ steering‚ redlining and hate crimes. Remedies for illegal discrimination include injunctive relief‚ monetary damages‚ and penalties. It means that Federal‚ state‚ and local laws prohibit discriminate concerning sales and rental of housing based on a person’s
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Consolidated Accounts Balance Sheet • Home Page» • Business & Economy» • Accounting Consolidated Accounts Balance Sheet C UNIT 3: CONSOLIDATED BALANCE SHEET Definition of a Group Under IAS 27 Consolidated and Separate Financial Statements‚ a group exists where one enterprise (the parent) controls‚ either directly or indirectly‚ another enterprise (the subsidiary). A group consists of a parent and its subsidiaries. Definition of Control Under IFRS 3 Business Combinations‚ control
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et for the first quarter: a. As of December 31‚ 2011 (the end of the prior quarter)‚ the company’s general ledger showed the following account balances: DEBIT CREDIT $ $ Cash 48‚000 Accounts receivable 224‚000 Finished goods Inventory (1000 units) 60‚000 Raw Materials inventory (500 units) 10‚000 Buildings and equipment (net) 370‚000 Accounts payable 93‚000 Capital stock 510‚000 Retained earnings 109‚000 712‚000 712‚000 b. ‐ Actual sales for December and budgeted sales for the next four months are as follows:
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In Macbeth‚ William Shakespeare shows a good side‚ and a bad side of a person. At the beginning of the play‚ three witches mentioned “ Fair is Foul” and “Foul is Fair” ( 1.1.13). Macbeth felt that his cousin Duncan are king was unfair to him‚ however‚ Duncan felt it was acceptable. In order‚ to right what Macbeth felt was foul he killed Duncan to make it Fair in his eyes. Their apparition are simply true and they have Macbeth thinking that anyone will hurt him. Macbeth had a taste of power‚ and
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www.sciedu.ca/ijfr International Journal of Financial Research Vol. 3‚ No. 4; 2012 Market Value of the Firm‚ Market Value of Equity‚ Return Rate on Capital and the Optimal Capital Structure Chao Chiung Ting Michigan State University‚ USA E-mail: tingtch7ti@aol.com Received: September 4‚ 2012 doi:10.5430/ijfr.v3n4p1 Abstract The firm should pursue both maximum return rate on capital and maximum return rate on equity simultaneously. Maximum return rate on capital is the primary goal for firms
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p25) ‘accounting is the process of identifying‚ measuring and communicating financial information about an entity to permit informed judgements and decisions by users of the information.’ If we extract the suffix of the word‚ we are left with the word ‘account’. To account for something is to take something into consideration. In terms of finance‚ accounting for something can be seen as baring it in mind when compiling financial information. Synony mously‚ taking something into account implies
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------------------------------------------------- Year Ending December 31‚ 2009 Sales Revenue $522‚000 Less Expenses Cost of Sales 92‚340 Wages 72‚500 Insurance 4‚500 Taxes 32‚500 Depreciation 28‚500 Other 45‚000 Total Expenses 275‚340 ------------------------------------------------- Net Income $246‚660 Grennell Farm Balance Sheet (Sales/Delivery Method) ------------------------------------------------- Year Ending December 31‚ 2009 Assets
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Ethical Values in Accounting University of Phoenix Management MGT/521 March 26‚ 2011 Ethical Values in Accounting Ethics in accounting is of greatest significance to accounting professionals and those who rely on their services. “On a personal level‚ everyone must answer the following question: What is my highest aspiration? The answer might be wealth‚ fame‚ knowledge‚ popularity‚ or integrity. But if integrity is secondary to any of the alternatives‚ it will be sacrificed in situations
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European Accounting Review Vol. 19‚ No. 3‚ 461– 493‚ 2010 Fair Value or Cost Model? Drivers of Choice for IAS 40 in the Real Estate Industry A. QUAGLI∗ and F. AVALLONE∗∗ ∗ Department of Accounting and Business Studies (DITEA)‚ University of Genova‚ Genova‚ Italy and ∗ ∗ Department of Computer and Management Science (DISA)‚ University of Trento‚ Trento‚ Italy (Received September 2008; accepted February 2010) ABSTRACT The IFRS mandatory adoption in European countries is an excellent
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