Accounting

The theory states that regulations are manipulated to fit the requirements of those affected by them. The theory suggests that over a given period of time regulations serve the interests of the industries concerned. This theory was designed by political scientists (J. Hertog. General Theories of Regulation, 1999, pg 235). Advantages of capture theory The theory clearly explains the main intentions of designing regulations. The individuals to be affected by the regulations are directly involved in...

COSTCOSTCurrent Year of SalesPrevious Year of SalesInspection9001.27501Quality engineering5700.76420.056Depreciation of testing equipment2400.322100.28Rework labor1,50021,0501.4Statistical process control1800.2400Cost of field servicing9001.21,2001.6Supplies used in testing600.08300.04Systems development75014800.64Warranty repairs 1,0501.43,6004.8Net cost of scrap 1,1251.56300.84Product testing1,2001.68101.08Product recalls75012,1002.8Disposal of defective products9751.37200.96Total Costs10,2001411,622152.3.   ...

Securitization involves transforming illiquid assets into securities. Distribution of securities through securitization has dominated the U.S market for over the last three decades with the most recent mortgage backed securities which formed a basis for the global economic crisis (Shin, 2009). Securitization of the securities concentrated the risks in that it induced banks and financial institutions to buy each other securities with borrowed money.  The securitization is to many in the accounting...

My father has always been the figure that I look up to. He has always looked out for the family and has never let us down. But what I really admire about my father is that even if he was unable to finish high school, he was able to become a successful wholesaler and retailer. In the future, I want to prove to myself that I can be something like my father. I want to be successful in my chosen craft like how successful he is in his. While I trust my skills and intellect that I can accomplish...

As a professional who is looking forward to establishing a fine career for myself, my education at McCombs School of Business is a critical move for me to make great difference in my life.  This is why I am looking forward to developing a career in accounting since it will afford me the chance to have the training to be competitive in the global economy.  This is the advantage that I feel I can get at this fine academic institution the training to be competitive in the global economy and...

A. IntroductionThere are many types of profit-sharing plans. Basic ones include cash, deferred, and combination plan options. However, these types can either be a traditional plan, social security integrated plan, age weighted plan or new comparability plan. Moreover, Solo K plans, 401(k) plans, and profit-sharing401(k) plans also exist. No matter the type of profit-sharing plan that an employer or employee chooses, each plan has its own rules and requirements when it comes to taxes. The purpose...

The consolidated financial statements of Hitachi Limited have been prepared in accordance with US GAAP due to the fact that it has an ADR listing on the NYSE and hence this may point to a listing requirement that results be presented in an understandable and recognized manner, that is, in accordance with US GAAP (Annual Report, 2009). Additionally, borrowings have also been done abroad in foreign currencies. Lastly, while the companys principal office is located in Japan, the company has an international...

Executive SummaryA financial analysis of Madison Stores Limited is conducted in this report by focusing mainly on the profitability and efficiency, liquidity and financial stability of the organization.  Such analysis is conducted with particular attention to the information needs of shareholders (return and investment risk) and creditors (liquidity and going concern).  From such an analysis a good profitability and efficiency were noted.  However a weak liquidity and financial stability...