Accounting Policy Setting Using Ex-Ante and Ex-Post Accounting Techniques Firms make contracts every day because they are required to gain assets that would be costly for them to obtain otherwise. At one time these contracts were made from an opinion-based accounting model called normative theory. Many departments used this theory because they believed that they could use the knowledge that they had gained to make accurate guesses regarding financial and intangible accounting

Information System holds in Accounting Industry's future? Looking through the glass and estimating what the future holds for any individual or profession is always a difficult exercise as the trends in any business or profession may change and so the path of development. It is better to look at the experience of some companies whose systems have changed over the past few years and thus try to estimate what is

Strategic Perspectives in Management Accounting and Finance The main reason for differentiation in the accounting studies seemed to occur due to the functionalist perceptions in the expertise of social studies. According to Dellaportas and Davenport (2008) professions are being separated by occupation on the basis of the level of distinctiveness one occupation has from another; a model first designed by Greenwood in 1975. Abercrombie et al. (1994, p. 335) in their study

Dick and Mac McDonald opened their first restaurant in 1940 in San Bernadino, California. These men were among the first to introduce the concept of "fast food," and made dining fun for children. McDonald's went on to enjoy over 60 years of growth, which has only tapered in the last year due to a failure to expand successfully into places such as Bolivia. Despite these recent setbacks, it is notable

), [he knows] that media companies are responsive to pressure when it is sustained, sophisticated and well executed," he fails to offer any concrete examples of this kind of pressure or how it might actually be applied (Schechter, 2003, p. 242). He does propose "a Media and Democracy Act, an omnibus bill that could be a way of showing how all of these issues are connected," but he does not

Public Budgeting Process The options for financing President Bush's plan to partially privatize Social Security might well be as unworkable as his plan to cut taxes five times, while increasing defense spending by starting two wars in the Middle East -- to say nothing of his other ambitious, but underfunded, plans such as No Child Left Behind. On the face of it, the near-term prospects for national solvency in any form