Here is the synopsis of our sample research paper on THE NEED FOR ACCOUNTING INFORMATION. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 6-page paper defines accounting terms such as impairment charges for goodwill and recording disposition of assets for gain or loss. Bibliography lists 4 sources.
Page Count:
6 pages (~225 words per page)
File: D0_MTaccterex.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
papers for one of the organizations clients. The client in question submitted a client understanding paper, which had some pretty large holes of missing information. But when the accountant asked
for the information, the client came back, wondering why it was necessary. When it comes to accounting, the overall goal is to
provide solid financial information to the end users about a corporations financial health. As such, accountants require information from the corporate client to build report geared to aid user understanding.
Some categories that are needed (and that we are asking for) include lower cost adjustment of inventory based on market valuation, interest capitalization on building construction, recording asset disposal gain/loss
and goodwill adjustment for impairment. Well explain these categories separately. Adjusting to lower of cost or market inventory. According to Accounting
Research Bulletin No. 43 (ARB No. 43), a specific accounting rule helps a company determine what to do what happens in the case of a "holding loss," when inventory being
held is suddenly overvalued because something happened in the market. This is the method known as lower of cost or market, or LCM (AccountingCoach, 2008). With this method, the term
"market" includes the market in which the company purchase its merchandise for resale, and the market in which it actually sells the product (AccountingCoach, 2008). The system allows the company
to take the lower of cost of the product - or the market valuation, whichever is lower - to put on the books (AccountingCoach, 2008). Also know as the "conservatism"
principle, the LCM provides information on how an accountant can choose an amount that results in a smaller asset amount or less profit (AccountingCoach, 2008).
...