4)1. The NPV of the project is $36,438,244 and the IRR is 312%. Depreciation is not included in the calculation because it is not a cash flow. It impacts flows at the tax level, but the tax rate is not known so this impact could not be calculated.

2. During the sensitivity analysis, the discount rate proves to be irrelevant. Dramatic changes in the hurdle rate are barely reflected in the NPV. Changes in sales volumes have a greater impact, but ultimately sales volumes would need to fall dramatically short in order to impact the project's viability. Selling price is the most important variable. The project's high NPV derives primarily from its contribution margin, which is a gaudy 79%. If the company is not able to charge such a high markup on the new balls, the project's viability decreases dramatically. At $19, the project loses money. So therefore, the most important….

Australian Accounting
The complicated world of finance, business and accounting in today's world justifies the firm's customer base's inquiry into some proposed changes in accounting standards for leases. The purpose of this report is to inform clients on current and proposed accounting standards that are affecting their means to do business. This report will first give a brief history of these standards before describing the current practices that are used by this firm. The report will conclude by highlighting some proposed changes to these standards and give a glimpse to the future of this firm and the way it conducts business and how it will affect reporting of financial information.

History

The application of accounting standards assists in the production of financial information that is used as the basis for decision making by a wide variety of stakeholders Cortese (2009). Accounting standards in Australia were initially developed by the professional accounting bodies, and….

The statement also outlines its scope. For example, it outlines that the rules governing the valuation of financial instruments are to be used, even with investment companies. Though investment companies are subject to other rules and guidelines, they must still use Statement No. 157 guidelines when preparing their financial statements, for the ease of comparability.

The fair value methods should be used quarterly, as per this statement. This is especially true for those items whose value is determined on the market by observable inputs. Even for unobservable inputs, however, it should be disclosed the impact that the assumptions used will have on the firm's earnings or assets. This is important because the assumptions, particularly for unobservable inputs, can have a significant influence on earnings or asset levels. These disclosures regarding the assumptions allow anybody examining the statements to understand the sensitivity of the results to changes in the assumptions.

Statement No. 157….

Financial Accounting for Management)
Dell Inc. is considered to be a multinational technology business that is in the process of developing, manufacturing, sells, and supporting personal computers and other computer- associated products. Founded in Round Rock, Texas, Dell services somewhere around 76,500 people all over the world as of 2012.

Dell had gone through their growth process during the 1980s and 1990s to turn into (for a time) the major seller of servers and PCs. As of 2008 it detained the second overall spot in computer-sales that were within the business slightly behind Hewlett-Packard. The business at present sells personal computers, data storage devices, network switches, servers, software, and computer peripherals. Dell furthermore do have a booming sells in HDTVs, cameras, printers, MP3 players and other microelectronics constructed by other constructors.

In 2008, Fortune magazine classified Dell as the 25th-largest business in the Fortune 500 list, 6th on its yearly "Top 20"….

FAS Impacts
The Financial Accounting Standards oard (FAS) was established with the Sarbanes-Oxley Act of 1933 (SOX) to establish accounting standards for protection of investors and other users of financial statements. Standards implemented by FAS have the full effect of law and holds public accounting firms accountable for assurance that financial statements are accurate and fairly presented to the investing public. It is vital to the accounting profession that public accounting firms stay abreast on changes in the standards as they become available.

The purpose of this research paper is to show how FAS standards affect the public CPA firm. SEC requires registration of corporations to contain a public accountant opinion of the accuracy, transparency, and visibility of financial statements in efforts to protect the investment community by providing appropriate amounts of disclosure as to the risks involved with investments in publicly traded corporations (Arens, 2006). The public accountant's opinion provides a….

FASB and IASB:
The Financial Accounting Standards Board is an organization in the private sector that establishes financial accounting and reporting standards in the United States since 1973. The standards established by this organization govern the preparation of financial reports by various companies. The mission of the Financial Accounting Standards Board is to set up and enhance financial accounting and reporting standards to provide information and direct the public. On the other hand, the International Accounting Standard Board is an organization mandated with the responsibility of establishing accounting standards to deal with subjectivity. Moreover, accounting standards established by this body help in achieving comparability between organizations. Since its inception in 1973, IASB works toward the improvement and coordination of financial reporting.

Aspects of FASB and IASB:

Since the Financial Accounting Standards Board and International Accounting Standard Board play a critical role in the establishment of financial accounting and reporting standards, these organizations have….

Ethics in Accounting
Issues in Financial Accounting for Businesses

The most important purpose of financial accounting for businesses is to represent the company and its assets as accurately as possible. This is important for the businesses to be able to have better control of their finances, for forecasting, and for many other purposes. Financial accounting is important for stakeholders so that they can understand the risks and possible future returns of their investment. Customers also demand to have accurate information about the company so that they can decide if there are a company with whom they wish to do business. Many different entities depend on the accuracy of financial accounting to make decisions about the business. This research will discuss key ethical, legal, and technological concerns that have arisen regarding financial accounting for businesses.

Business Ethics Today

Providing an accurate and honest representation of the company is the only concern of the accountant. Many….

Benchmarking
Managerial accounting and financial accounting are based on different principles. Financial accounting is a formal system that is based on reporting to both internal and external stakeholders. As a result, financial accounting is based on a set of rules that is common to all public companies. Within these rules, the methods of accounting and reporting must be similar at these companies, so that people viewing the financial information can compare across companies. In contrast, the target audience for managerial accounting consists of internal stakeholders. The company defines the measures used in managerial accounting and is free to develop its figures in any way it likes. The use for managerial accounting output is primarily to aid in internal decision-making, so the accounting conducted will be skewed towards getting managers the information they need to make better decisions.

Technology utilization can have a wide range of effects on business. Most technology is adopted….

Profit analysis is a financial accounting methodology that has myriad uses in the manufacturing industry and other sectors like the restaurant, energy, and banking industry (Brugger, 2013). It helps in business management. Some of the specific uses of cost volume profit analysis include goal setting, pricing strategy, operational efficiency, and marketing strategies (Brugger, 2013).
Cost profit volume (CVP) analysis is principally used to position management to se more informed, data driven, and realistic business goals (Brugger, 2013). Setting realistic business goals calls for integration of short and mid term objectives with annual objectives. By using CVP the goals are deemed tangible as opposed to being treated as wish-lists (Brugger, 2013). This is because the goals can be tied to specific data.

Companies engage in marketing with a view to attaining profitability. Companies must therefore know the costs that are associated with production of goods and the volume necessary to make the….

" (Scott, 2007) the problem in China is addressed in the work of Cui (2007) entitled: "China's Growing External Dependence" published by the International Monetary Fund Journal of Finance and Development (IMF) relates that the key to the remarkable economic performance of China over the past three decades has been its.." rapidly growing foreign trade..." (Cui, 2007) Cui states that the conventional view is that the growth for China is "largely domestically driven...China uses its abundant labor to assemble imported inputs into low-tech consumer goods and capital goods exports, making it the world's workshop.' (Cui, 2007) Cui states in analysis that: "The contribution of net exports to China's growth has increased significantly in recent years, as reflected in the surging trade surplus as a share of GDP. The analysis suggests that a significant part of the increase reflects structural changes in the Chinese economy, particularly the rising domestic content of….

The Accounting Cycle
The accounting cycle is a step-by-step procedure of recording and grouping business transactions in order to create financial statements. It involves gathering, processing, and communicating business transactions based on the different categories of business transactions. The accounting cycle shows the primary goal of financial accounting i.e. to develop meaningful financial information in the form of financial statements for general purpose and use. Therefore, the accounting cycle is important to a business in terms of the role it plays in developing general-purpose financial statements. In this regard, the accounting cycle enables a business to keep track of its expenses and revenues based on its different transactions during a specific timeframe.
Since it’s a step-by-step procedure, the accounting cycle is characterized by various steps beginning with identifying and analyzing business transactions that pertain to the business entity (Porter & Norton, 2007). For example, a business transaction could be money spent in….

Financial Accounting
In Module 2, the $35,000 worth of goods was never purchased, so that figure is irrelevant. Now with Module 3, we begin with a balance sheet that does not balance. To this, several changes are to be made. The company raised an additional $225,000, which balances because Common Stock increases by that amount, and the company receives that much Cash. The dividends represent a decline in cash of that amount, and a decline in Retained Earnings. The asset is covered by $400,000 in the land less $50,000 in cash, and the other $350,000 goes to Notes Payable. The result is as follows:

The first major adjustment that needs to be made, based on Module 2, is that the company needs to add back the $35,500 worth of inventory. This should never have been removed. The second adjustment is that the profit would have been higher, by $35,500 because the cost….

Financial Accounting
The question is missing a clause. "…is more conducive to ethical behavior" than what? The word "more" invites comparison but there is nothing to compare the current environment to. Well, the current environment is not much different than any past environment. The regulatory environment does not dictate ethics, as ethics exist distinct from laws. Ethical behavior rests on how society itself defines ethics, and is only loosely related to the regulatory environment. So while there is definitely a tighter regulatory environment at least with the introduction of Sarbanes-Oxley and the PCAOB, these laws do not dictate ethics, just behavior (Lennox & Pittman, 2010). Indeed, an increasingly complex regulatory environment only serves to complicate the issue of individual ethics, and creates confusion among business practitioners between legal/illegal and right/wrong, the two operating entirely different conceptual spheres (Jennings, 2004).

The "business" environment is quite vague -- there are many facets to the….

Financial Accounting
Accounting Concepts

Financial Statements (Regulatory oversight)

The rapid failure and bankruptcy of Enron has prompted severe criticism of the nation's financial reporting and auditing systems, which are fundamental to maintaining investor confidence in U.S. capital markets; there are four areas in which the Enron failure revealed serious problems: corporate governance, the independent audit of financial statements, oversight of the accounting profession, and accounting and financial reporting issues (GAO, 2002). The financial statements are the frontline in determining a company's integrity and accountability. hen a company makes its financial statements public, then they can be scrutinized by many external entities to be used in the market.

However, before financial statements are made public, they should be examined by an external auditor. Auditing is one of the most essential functions in the entire accounting business function and mistakes made in accounting can cost an organization everything. Therefore the auditing process serves as the last….

Financial Accounting
Personal Financial Situation

This essay examines the personal financial statements of Manny Harris, part-time student and part-time sales associate at Wal-Mart. Manny is considering three significant life events that will affect details of his financial statements.

The first significant change in his personal circumstances that Manny is considering is whether to apply for a loan so that he can afford to attend college full-time. Manny is concerned with the trade-offs involved; he wonders whether a bachelor's degree will help him obtain a job with sufficient compensation to justify the burden of paying back student loans. According to Oloffson in her Time magazine article, Manny's concerns are well-founded. The cost of average tuition rose by 6.5% during the fall of 2009, and the average amount of student debt rose to $23,200 in 2008. However, the unemployment rate for recent graduates rose as well, and stood at a record high of 10.6% at….