SEVERAL COORDINATES ON BASIC ACCOUNTING FOR NON-SPECIALISTS HOLDING A MANAGERIAL POSITION IN UNIVERSITIES

Any corporate entity, can function only with its accounting, as an objective requirement of financial management, the order and discipline being requirements of law, but also of their own status. In this paper, aim to present main issues for basic accounting you need to know a non specialis occupying a leading position in higher education institutions in Romania. In this respect, we selected main issues: concept, features, principles of basic accounting; characteristics of financial-accounting information; basic accounting equations; the role of cost information in decision making.financial resources mangement; financial-accounting information; basic accounting equations; cost information

Basic Principles of Hedge Accounting

The development of the capital markets increases the key role of the financial manager both in using the new techniques for administrating the risks and in assessing hedge effectiveness. Risk means possible uncertainty regarding cash flows, influencing the fair value of assets and liabilities or the value of cash flow relating to future transactions of the entity. This article emphasizes that possible financial risk in international business, like as price risk, credit risk, risk of liquidity, can be hedged using financial instruments, especially derivatives, like as forward, futures, options and swaps. The accounting treatment for these instruments is presented in accordance to the basic principles of hedge accounting imposed by IAS 39. Additionally, there are references to the most important requirements regarding the accounting rules regarding recognition and measurement of hedged derivatives according to the Romanian regulations.hedge derivatives, fair value, hedge accounting, hedge effectiveness, risk management

Appendix A: “The Basic Postulates of Accounting”

Functional Magnetic Resonance Imaging (fMRI) is a relatively new imaging technique, first reported in 1992, which enables mapping of brain functions with high spatial resolution. Functionally active areas are distinguished by a small signal increase mediated by changes in local blood oxygenation in response to neural activity. The ability to non-invasively map brain function and the large number of MRI scanners quickly made the method very popular, and fMRI have had a huge impact on the study of brain function, both in healthy and diseased subjects. The most common clinical application of fMRI is pre-surgical mapping of brain functions in order to optimise surgical interventions. The clinical fMRI examination procedure can be divided into four integrated parts: (1) patient preparation, (2) image acquisition, (3) image analysis and (4) clinical decision. In this thesis, important aspects of all parts of the fMRI examination procedure are explored with the aim to provide recommendations and methods for prosperous clinical usage of the technique. The most important results of the thesis were: (I) administration of low doses of diazepam to reduce anxiety did not invalidate fMRI mapping results of primary motor and language areas, (II) the choice of visual stimuli equipment can have severe impact on the mapping of visual areas, (III) three-dimensional fMRI imaging sequences did not perform better than two-dimensional imaging sequences, (IV) adaptive spatial filtering can improve the fMRI data analysis, (V) clinical decisions should not be based on activation results from a single statistical threshold

Technology Advancement Influence in Accounting and Information System Fields

This research serves to relate the accounting and information technology fields. The information in the research documents changes in the accounting and information technology fields, and how the fields are expected to change in the coming years. The research also discuss the relationship between the accounting and information technology fields. The topics on the ideal accounting candidates for employers and the expectation gap between graduates skills and employers’ expectations are also discussed. Careers in accounting and information systems and also similar and different basic skills of both fields are documented in the research. The changes in accounting are influenced by the improvements in technology as time progress. Information technology makes integration and communication possible anywhere in the world between businesses. Information technology systems have created a lot of job opportunities. Accounting and Information Systems are two different fields but combined they create a means of collecting, storing, managing, processing, retrieving and reporting financial data effectively

The evaluation of national accounting matrices with environmental accounts (NAMEA) as a methodology for carrying out a sustainability assessment of the Scottish food and drink sector

This report introduces environmental input-output (IO) accounts for Scotland as an example of a NAMEA framework. It provides an introduction to the use of basic IO multiplier methodology, which can be applied to examine pollution/waste generation and/or resource use under production and consumption accounting principles

A Case of Fixed Asset Accounting: Initial and Subsequent Measurement

This instructional case integrates multiple accounting concepts relating to fixed asset acquisition and subsequent measurement. You must apply accounting knowledge, professional judgment, and critical thinking skills to evaluate fixed assets and make recommendations. You must also analyze differences between fixed asset accounting under US generally accepted accounting principles and IFRS. As a student, you generally understand basic application of asset cost computation that simply recognizes the amount of cash paid for acquiring the asset. However, determining asset cost becomes challenging when you encounter more complex situations. You must consider initial measurement issues relating to a land purchase (demolition of existing building and a special assessment expenditure), interest capitalization for a self-constructed building, a nonmonetary asset exchange, and an asset retirement obligation. The case also considers subsequent measurement issues in terms of depreciation (straight-line and accelerated methods), replacement of an asset component, and impairment. The case structure is flexible and the teaching notes include alternatives for using scaled-down versions

The basic aspect of partnership accounting

This article describes the basic aspect of partnership accounting. The first part of this paper aims to explain the characteristics of a partnership, types of partners and partnership, partnership agreement, and advantages and disadvantages of operating as a partnership. The second part of this paper discusses an accounting procedures for a partnership firms. It highlights the method of accounting for partnership capital and the final accounts to be prepared by a partnership firm. In any partnership firms, there may be changes in partnership. A partnership firm is possible to admit new partners into the firm and it is also possible for any partner to leave the firm due to death or retirement. The third part of this paper explains factors contributing to changes in a partnership and the steps to be taken by a partnership business to record for changes in a partnership. At the end of this paper, the writers discuss the accounting procedures for dissolution of partnership. It is hoped that this paper will serve as a beneficial input to partnership businesses

The Necessity of a Lower Dollar and the Route There

Debates over economic policy tend to be enormously confused. It is often the case that even high-level officials and well-known economists seem ignorant of basic accounting identities. This leads them to make claims that literally do not add up. This seems to be especially common in the case of debates on trade policy. This paper is intended to clarify some of the key issues