Jan 30, 2018

Changes in Accounting

Harnischfeger Corporation made various changes in its accounting policies that affected their consolidated income statement in the year 1984. A critical study of the financial statements and the company’s notes indicates a lot of changes got portrayed and their effects translated to the financial statements. The Accounting Principles and Policies that Changed to Affect Incomes and Expenses of 1984...

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Jan 31, 2018

Transport Industry

Step 1 Transportation: How to Make Airplanes Process costing focuses on the production of homogeneous products in large volumes. The units of the products made looks similar every time and they are likely to remain the same in future productions. An example of this process is the production of paints, soft drinks like Coca Cola, cell phones, cloths among others. Job costing focuses on...

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Feb 6, 2018

Financing Activities Chapter 6

From Chapter 6: Financing Activities, I have studied about the financial activities of a firm. In general, this chapter covers equity financing, debt financing, leases and other aspects of financial activities. Several important points from the chapter can be outlined. They are described below. Aspects of Financial Activities.The shareholder’s equity can be changed by three events...

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May 31, 2018

Careers in Accounting

The accounting profession has many opportunities to offer both for professional and personal development. The Bureau of Labor Statistics predicts an increase of 16% from 2010 top 2020 in the demand for accountants. The reason is that the need for thorough financial documentation in response to corporate scandals and recent economic crisis. Secondly, companies seek professional to address strict laws and regulations in the financial industry. For example, companies are hiring professional such as a financial analyst, tax accountants who can establish and support growth by navigating through complex rules and regulations.

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May 31, 2018

PepsiCo. Inc Financial analysis

The current ratios, which are the current assets are divided by the current liabilities, therefore, it shows that the company had a current ratio of 1.16. These demonstrate that the company had a wide margin in respect to the short-term assets that could sort short-term liabilities. In addition, the acid ratio, which is 1.02, showed that the company is less from the risk in terms of short-term liabilities in that the ratios exhibited stable inventory level.

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Sep 24, 2018

Character Development in Great Expectations

As a bildungsroman novel, the book develops its characters around the protagonist, Pip, whose full name is Philip Pirrip. Pip is the most important character in the novel, and his action determines...

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