Search

The accounting for goodwill impairment is generally covered in an intermediate or advanced accounting course; however, there is usually little or no attention paid to the valuation techniques and subjectivity of assumptions used in the measurement of the fair value of the reporting unit. In this paper, we attempt to explain the quantitative approach with a focus on the discounted cash flow (DCF) model used in determining the fair value of the reporting unit. We examined six most common variables used in the DCF model and how a slight change could result in a different outcome in valuing a reporting unit. [ABSTRACT FROM AUTHOR]

After two score years of teaching and practicing accounting, the authors have developed a simple and effective method to handle debits and credits-- the "Cash is King" method. The model and the instructional procedures were published in 2015. This study examines the empirical results of applying the "Cash is King" method with an experimental group and comparing the mastering of the fundamentals of accounting with a control group using the conventional accrual model. The results of the study strongly support the "Cash is King" method as a more helpful approach to improve the students' performance in mastering accrual accounting. [ABSTRACT FROM AUTHOR]

After two score years of teaching and practicing accounting, the authors have developed a simple and effective method to handle debits and credits-- the "Cash is King" method. The model and the instructional procedures were published in 2015. This study examines the empirical results of applying the "Cash is King" method with an experimental group and comparing the mastering of the fundamentals of accounting with a control group using the conventional accrual model. The results of the study strongly support the "Cash is King" method as a more helpful approach to improve the students' performance in mastering accrual accounting. [ABSTRACT FROM AUTHOR]

The article discusses the obligation of a chief executive officer and chief financial officer's personal certification regarding financial information to the U.S. Securities and Exchange Commission and the public under the U.S. Sarbanes-Oxley Act of 2002. It describes the Federal Securities Act of 1933 and the Securities Exchange Commission Act of 1934 in this context. It highlights the certification requirements under the Sarbanes-Oxley and reflects the judicial interpretation of the act.

Societies and institutions in the East and the West have a very long and proud tradition of education in ethics. In recent years, many grand scale embezzlements by top level government officials, infamous scandals in the business world, and other infamous unethical conducts have steered the academics, business leaders, government officials, and other authorities to re-focus their attention and place more efforts and resources on ethics education. This paper will review the relevant Eastern and Western ethics principles, thoughts and maxims. It will also provide enough real-world examples to help the readers learn how to appropriately apply these ethical standards in the conduct of a personal and business environment. [ABSTRACT FROM AUTHOR]