Accounting

The essential functions of external auditor and accounting practice in the contemporary business environment are to build the public confidences that the business organizations are free of corruption, and their annual financial records are free of financial abnormalities. Essentially, in the present global business uncertainty, external auditors serve as external and objective checks and balances on an organizational financial records. Thus, the external auditors and accountants are required to...

Paying taxes is not a choice, it is an obligation and what the law demands. Tax is a fee levied by the government on products, incomes or activities within the scope of its authority as a means to funding governments operating costs. Failure to pay taxes is a crime under the law and can lead to a jail term. Generally, taxes can either be avoided or evaded. Tax evasion involves unlawfully avoiding paying the mandatory taxes due or unlawfully escaping liability for the tax. On the other hand, tax...

Enterprise Resource Planning (ERP) systems have become the uniform standard for most medium to large companies predominantly playing a major role in functional and process operations. These systems mostly consist of software functional designed programs that are integrated in all business process systems to include vast amounts of data and information for customers, employees, services and products.  The most common applications are used in marketing, accounting, purchasing, manufacturing,...

Today we see many companies asking the government for help so they can keep operating.  We have seen it in the automobile and the banking industry just to name a few and until the economy corrects itself there is no telling how many more industries will join them.  Based on this information, we have also seen more companies in financial trouble than in the past.  Companies continue to merge and acquire other companies even in these dark economic times, so what makes these mergers...

Activity-based costing (ABC) systems report accurate and timely cost information in a business environment, where competition is high and the company has a diverse product mix. In addition, the information ABC supplies can be used for continuous improvement of the business. This paper analyzes the various aspects of ABC and later attempt to gauge how different is the implementation of ABC viz-a-viz the theoretical aspect. The study considers the Finnish Fish Industry and the healthcare Industry...

Helen of Troy Limited is headquartered in Texas with global operations overseen from the executive offices located at El Paso, Texas. It was founded in 1968 and primarily deals in development, import, design and distribution of consumer goods. Personal Care is its primary division which incorporates popular brand name hair dryers, shavers, deodorants, curling irons and hair accessories, among others. In contrast, the houseware division is actively engaged in kitchen related items as well as home...

The basic role of this report is to analyze the financial statements of Coca-cola and PepsiCo, soft drink sector competing companies, this would at the end of the analysis be able to provide vital information on determining the denominator in the soft drinks industry. The two companies have a big slice of the global market in in the industry for over a century now. I will therefore engage comparison in the financial statements of the two companies considering the key ratios, a comparative statistics...