Accounting - 1817 Words

We carefully examined and evaluated your financial statements in 2011 and identified several accounting policies and procedures inconsistent with U.S. GAAP. To better present the net income of your company, we provide the various recommendations for you to revalue your revenues and expenses in the following statements. Inappropriate revenue recognition criteria and policies (should change revenue recognition method or change the allowance estimation, 2011 allowance amount should be larger than 2010 due to larger AR and the difficulty that the artist been through) WAG records revenue from artwork sales when the Company and customer agree upon a selling price. This criterion does not conform to U.S. GAAP, which requires revenue be†¦show more content†¦Even though Stephen has certain art knowledge, but this measurement is still subjective and unreliable. According to U.S. GAAP, the designated market value should be the middle value of three amounts: replacement cost, net realizable value, and net realizable value less a normal profit margin. Hence, we suggest WAG re-evaluate the market value of the artworks using the designated market value method. * Ignorance of obsolescence of inventory WAG has extensive but aging inventory, which are probably to be obsolescent. WAG should consider to write off the inventory by the amount of the difference between their cost and market value. Therefore, there will be an impairment loss on inventory. WAG’s net income is overstated by ignoring the obsolescence of inventory. Improper expenses on 2011’s income statement The salary expense in 2011 is $29,500, which includes both Rob and Stephen’s annual salaries. Exhibit 1 tells us that Rob’s salary is $28,000(30,000-2,000). So we can calculate Stephen’s annual salary is only $1,500, which is quite unreasonable. There should not be such a huge difference between the two co-founders’ salaries. Therefore, WAG’s salary expense is understated and the net income is overstated. Salary should not be deducted because the deduction of the salary will lead to higher net income. Rob will get more compensation by 5 times of the net income. Dividend expense should appear on theShow MoreRelatedAccounting1024 Words   |  5 PagesQuestion 1:   * Proficient-level:   * There are several important functions performed in an organization, among which accounting is one of them. Define the accounting function and discuss how it differs from double-entry bookkeeping. Answer: According to the Dictionary of Accounting Terms, Accounting is defined as a one step process of recording, measuring, interpreting and communicating financial data by preparing financial statements in order to reflect financial condition and operatingRead MoreAccounting753 Words   |  4 PagesCampbellsville University School of Business and Economics SYLLABUS Course Title: ACC 601 Managerial Accounting Semester/Dates: Graduate Term 1: August 29, 2011 – October 23, 2011 (Traditional MBA) Meetings: Thursday (6:00 PM – 10:00 PM), AD 25 Faculty: Dr. Sunny Onyiri Office: AD 29-b Phone: (502) 365 4424 Read MoreAccounting Analysis On Management Accounting Essay1210 Words   |  5 PagesManagement Accounting Introduction: Management accounting technique is the procedure of understanding, analyzing, exam, calculating, deciphers, and transfers the verbal data to chase of company objectives. The section of bookkeeping is called as cost accounting. 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Which of the following is NOT a process associated with an accounting information system? |a. |auditing existing data | |b. |collecting and recording data | |c. |providing informationRead MoreAccounting Theory And Management Accounting2580 Words   |  11 PagesThough forms of managerial accounting practices can be traced back decades, centuries even, management accounting used to be regarded as a financial tool, advantageous for the financial managers. However, over the past three decades views on management accounting have changed. As Kaplan (1994) states management accounting theory has experienced a revolution in both theory and practice with the development of new innovations. Through advances in information technology, more competitive markets andRead MoreAccounting Analysis : Management Accounting2168 Words   |  9 Pages MANAGEMENT ACCOUNTING Author’s Name Course Name Professor’s Name Due Date MANAGEMENT ACCOUNTING Accounting is a way of measuring a business s financial performance through maintaining records and analyzing them. Financial accounting system produces reports that are generally intended for external stakeholders to evaluate a business. Management accounting is used to provide internal information that management uses in order to assess performance toward goals and objectives. FinancialRead MoreAccounting Scandals And Enron Accounting Scandal1596 Words   |  7 Pages Introduction: In this research paper I will be examining accounting scandals, specifically the Enron Accounting Scandal. First, I will be exploring the history of Enron. Then I will be going into further depth on what accounting issues Enron faced and then I will be explaining what a derivative is. Finally yet importantly, I will consider the different types of Accounting Fraud following a conclusion. Accounting Scandals are born due to collective greed and corporate arrogance. InRead MoreManagerial Accounting Is A Discipline Within The Accounting1541 Words   |  7 PagesManagerial accounting is a discipline within the accounting community that focuses on providing valuable information to the leaders of their organization. The importance of the community relies on its ability to provide information that is not readily found in traditional financial statements developed in the accounting department for reporting to outside agencies. Activity-based management utilizes information developed u sing activity-based costing (ABC) to accurately determine product costs.Read MoreAccounting Practices And The Field Of Accounting1393 Words   |  6 PagesIntroduction to the authoritative resources in the field of Accounting In the era of technological advances, access to information of any subject is abundant. With this vast array of information to tap into, the credibility of the material presented becomes questionable. But throughout history, there are sources of material that have been highly regarded. These sources include Scholarly peer reviewed journals, Trade publications, and information presented by respected institutions or organizations

How Art Relates to Oscar Wildes The Picture of Dorian...

How Art Relates to Oscar Wildes The Picture of Dorian Gray Oscar Wildes The Picture of Dorian Gray is a novel about a young, handsome, and vain man who has his portrait painted, and impulsively wishes that he could forever remain just as handsome as he is in the painting -- that the painting would age instead of him. He gets his wish in a most eerie way; as, with passing years, he becomes increasingly dissolute and evil, while the changes that one would expect to appear on his face are reflected in the portrait instead. What this book is about, clearly, is feelings and appearances becoming real. This motif is echoed and re-echoed throughout the book. Early in the novel, Sir Henry Wotten -- a cynical†¦show more content†¦Similarly, Lord Henry observes of Dorian that Ordinary people waited till life disclosed to them its secrets, but to the few, to the elect, the mysteries of life were revealed before the veil was drawn away. Sometimes this was the effect of art, and chiefly of the art of literature, which dealt immediately with the passions and the intellect. But now and then a complex personality took the place and assumed the office of art, was indeed, in its way, a real work of art, life having its elaborate masterpieces, just as poetry has, or sculpture, or painting (Wilde, 72). Dorian, Lord Henry is arguing, actually is a plastic, organic work of art, in a continual state of progress. Yet if Dorian is a work of art, the painting is real life. It is clear that the only character in the book who is consistently honest and straightforward is the painting, which reflects the changes that Dorians own face should reflect as his personality becomes more and more evil. Here Wilde may be reflecting his own interest in a turn-of-the-century movement in art and literature known as Decadence -- a movement which disavowed the existence of wholesomeness and purity in the world, and perceived only evil and corruption. Seen in this sense, The Picture of Dorian Gray becomes a psychological study of a nature – and of an art movement -- which was dominated by a passion for sin. The persona Oscar WildeShow MoreRelatedThe Influences of Oscar Wilde The Picture of Dorian Gray1582 Words   |  7 PagesThe Influences of Oscar Wilde Throughout his life Oscar Wilde had many strong influences exerted upon him. During his early childhood his mother influenced him and into college some of his professors and certain philosophers left a substantial impression upon him. Into adulthood these influences leaked out in his writing. These influences gave him ample ideas for writing The Picture of Dorian Gray. Wildes study of the Hellenistic ideals of Epicurus, his coddled lifestyle as a child and his devotionRead MoreModern Society as a Reflection of the Picture of Dorian Gray by Oscar Wilde1460 Words   |  6 Pagessuch as Oscar Wilde’s only novel The Picture of Dorian Gray have incited modern adaptations and the appropriation of these texts into modern culture. This text display cultural and literary disciplines entrenched in superficial concepts that have since become common in today’s shallow society. Contemporary texts such as the 2004 film The League Of Extraordinary Gentlemen (based on the comic book o f the same name) directed by Stephen Norrington, not only visualise the character of Dorian Gray but alsoRead MoreModern Society As A Reflection Of The Picture Of Dorian Gray By Oscar Wilde1432 Words   |  6 Pagessuch as Oscar Wilde’s only novel The Picture of Dorian Gray have incited modern adaptations and the appropriation of these texts into modern culture. This text display cultural and literary disciplines entrenched in superficial concepts that have since become common in today’s shallow society. Contemporary texts such as the 2004 film The League Of Extraordinary Gentlemen (based on the comic book of the same name) directed by Stephen Norrington, not only visualise the character of Dorian Gray but alsoRead MoreThe Theme of Decadence in the Picture of Dorian Grey by Oscar Wilde1553 Words   |  7 PagesThe theme of decadence in The Picture of Dorian Grey by Oscar Wilde Staring from the definition found in the dictionary, the decadence is a literary movement especially of late 19th-century France and England characterized by refined aestheticism, artifice, and the quest for new sensations. [1] In decadence, important is not necessarily what is seen, but the hermeneutics: what man feels when he sees the creative result of this feeling. It is the current that requires a co-operationRead MoreOscar Fingal O Flahertie Wilde1533 Words   |  7 Pagesn Dublin, Ireland, Oscar Fingal O’Flahertie Wilde was born on October 16, 1864. His two parents were William Wilde, a Victorian doctor, and Jane Francesca Elgee, an artistic revolutionary. They also gave birth Willie Wilde and Isola Wilde, who eventually died at the age of ten. Overall, Wilde grew up in a family full of intelligence and creativity. Because Wilde was raised with many intellectuals in his environment, he had the advantage of an advanced education beyond his years. As an eleven yearRead More Essay on Picture of Dorian Gray: The Character of Lord Henry Wotten1670 Words   |  7 PagesWotten of The Picture of Dorian Gray  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The purpose of this essay is to explore the character of Lord Henry Wotten, from The Picture of Dorian Gray by Oscar Wilde. Oscar Wilde once said: I only know that Dorian Gray is a classic and deservedly. With this in mind, this essay is aimed at looking at how Lord Henry Wotton manipulates various conversations and how he effects the story with his challenging speeches, which is the reason The Picture of Dorian Gray is a classic.Read MoreOscar Wilde s The Picture Of Dorian Gray1998 Words   |  8 PagesRackshana Sithirasenan Mr. Cimetta ENG4U1-01 24 November 2014 Dorian’s Pursuit Towards Hedonism Dorian Gray once told Henry The soul . . . can be bought, and sold. It can be poisoned, or made perfect (Wilde 213). Likewise, it would not be beneficial for one to sacrifice their soul with an exception of exchanging it in order to attain perfection. Oscar Wilde’s The Picture of Dorian Gray explores the themes and ideologies of Hedonism and Aestheticism. Hedonists believe that pleasure is the mostRead MoreThe Picture Of Dorian Gray1504 Words   |  7 Pagesindividuality, one chooses to be in the known without any life consequences, thus causing one to sacrifice their true self and abandon their morals, and as a result it alters one as a person to be someone who they truly aren’t. Motif: In Oscar Wilde’s novel, The Picture of Dorian Gray, Wilde uses motifs in the novel to hint to readers what he finds important to look for. One of the many repetitive motifs used in the novel is the color white and the various forms that white takes. The color white is also synonymousRead MoreThe Effects Of Victorian Society s Unrealistic Expectations Of The Individual887 Words   |  4 PagesThis source is an essay examining how Wilde shows â€Å"the impact of Victorian society’s unrealistic expectations of the individual† in both The Importance of Being Earnest and The Picture of Dorian Gray. In the article, she talks about gender roles and societal expectations along with the ways characters in the play conform to or reject them. Although the essay is written by a student at McKendree University, the writing is not difficult to understand. This essay is well-documented and seems unbiasedRead MoreWhen Art Imitates Art757 Words   |  3 PagesMusic and L iterature On an everyday basis the world around us offers us a great deal of information and variety, of enlightening art and the dumbing down entertainment. Many people have fallen into the trap of dismissing anything that is not considered fine art as culturally and intellectually inferior. The restrictive nature of this approach leaves us with an elitist viewpoint and a sense of supremacy. And when talking about supremacy, whether it is white, black or even cultural, it is in no way

Women College Management

Question: Write an Essay on Social Forces article about womens college in the United States? Answer: Introduction Women education was typically provided within the family. With time, the culture of United States changed and women education become an integral part of the education system. There are specific women college in United States where only women can study and there are co-education colleges where both men and women can study. With the improvement in the education system, the number of co-education colleges increased in USA and other parts of the world. The term heterogeneity refers to single sex women's colleges and homogeneity refers to co-educational colleges. It can be said that the trend in education sector has been shifting from homogeneity to heterogeneity (Spring, 2013). The objective of this paper is to discuss and analyze the historical trends of American college education from early 1940s to the present, in terms of co-education and single-sex education. Analysis The formal education of girls and women began in the middle of the 19th century and was intimately tied to the conception that society had of the appropriate role for women to assume in life. The historical trends in women education from early 1940s to present would see a transformation from single sex women colleges to co-educational colleges. From 1940 to now, the number of single sex women's colleges have reduced drastically. Today women are an integral part of the society and the education system of the country has changed to include women in higher education system (Alonso, 2005). There has been a fundamental change in education system of USA from 1940s to now. 1940s was the time when women had limited presence in higher education system. The education for women was limited to primary and secondary stages only. With time, the trend of higher education for women emerged, and today women have good presence in higher education segment. With this, the trend of heterogeneity also eme rged against homogeneity. In the current environment, it can be seen that women have a good amount of presence in higher education segment in the co-education system. Before the world war 2 of before 1940, the college system in USA was male dominant. It means that the colleges were mainly attended by male students and female students had very limited participation in the colleges. In fact some of the very large are reputed universities in the USA had courses specifically designed only for male population. After 1940, a change was observed in this trend. With the end of world war, a new education system was formulated in USA. This new education system provided equal capabilities and opportunities to women. There was a change in the outlook of universities also (Johansen, 2006). After 1940s, universities also started to launch the educational course on co-educational platform. One of the reasons for this change was an increase in the awareness. Another reason was the liberal nature of the society. After the World War 2, the society become more liberal and women started to enjoy more freedom in the society. This freedom is prevalent today also as wom en are encouraged to pursue higher education in co-educational platform. Between heterogeneity and homogeneity, the aspect of the population of American colleges that is more salient has changed with time. Historically homogeneity was more prevailed as women had limited freedom. However, with time, women started to enjoy more freedom. As of today, heterogeneity is a salient aspect. In the current environment, education is not dependent on the gender of students. I would say that it is a good thing for American people. With heterogeneity, the American culture has evolved and it has brought both men and women at a same education platform where they can get access to same level of education. It can be said that heterogeneity has emerged as a crucial organizational function for organizations operating in education industry in USA. It would be correct to say that American colleges have changed a lot between homogeneityand heterogeneity over the decades but the good thing is that this change has been only one dimension in nature and this has not been a cyclic change. For example, the change from homogeneity to heterogeneity is observed with time. With change the society or educational institution of USA have reached a stage of heterogeneity. It is very unlikely that this heterogeneity would vanish and the education system in USA would reach for homogeneity. It appears that women would continue to enjoy their education rights in co-education system platform. It can be said that heterogeneity in the US education system could be explained with the help of institutional theory. The advocates of this theory suggests that a change in the society is based on number of factors. The institutional theory would suggest that the condition of women changed after 1940s because society got a wide outlook. The social barrier were removed and women started to enjoy their fundamental rights. As a result, there was a difference in the education levels of women also. This theory focuses on the deeper and moreresilientaspects of social structure. It considers the processes by which structures, including schemes; rules, norms, and routines, become established as authoritative guidelines for social behavior. The establishment of co-education platform of system could be explained with the means of institutional theory. After the World War 2, a change was observed in entire social system of USA. This change could be explained with institutional theory. The change in the US society was more of an open change. Post 1940, women started to enjoy more rights in US society and the same was also reflected in the education domain. The norms of society also changed after 1940s and as a result, the role of women evolved. Before 1940, women was not given due freedom and independence but this norm changed after 1940. It can be said that the social norms led to the establishment of a fair and equal educational system in USA with equal opportunities to women. The i nstitutional theory can be used to explain the way co-education system was established in USA. There are certain mechanism or reasons that led to the establishment of heterogeneity culture or establishment of co-education system. One of the most important mechanism is the equal opportunity to men and women. With time, the society of USA advanced and as a result, the differences between men and women reduced. As a result, women also get equal opportunity. The equal opportunity was observed not only in social or political sector but also in educational sector. I believe that it is a good thing if men and women can study together under the same set of rules and law. The co-education system of platform is a mean to provide equal opportunities and chances to both male and female students. Moreover, male and female students also learns from the experiences of other students. Therefore it is important that an open system of education could be established where both male and female students can get best class education. The same system was established in USA after 1940 (Dolgin, 2002). It is a good thing that the same system is established until today only. I believe that it is a good thing that coming generations would also get access to co-education system where the students would not be differentiated based on their gender. Again, institutional theory has helped to explain this transformation. The transformation that could be observed in the educational sector could be observed as a by-product of transformation in social and political system o f USA. It is also good that American people or society has acknowledged this change. It means that male and female students have also liked the idea to study together. Going forward, it is important that male and female students should learn to study together under the same educational platform. I believe that the co-education system of education is a good system for American society. It would be good if all the students can learn the means and ways to learn from the experience of other students. The co-education system of education or heterogeneity structure is also better because best learning is learning from people. Conclusion The above paper discussed the heterogeneity and homogeneity for education sector in USA. With the above discussion, it can be said that the education system of USA has evolved from a structure based on homogeneity to an education structure based on heterogeneity. The historical trend of single-sex education has changed to co-education system of education. In the current environment, it can be said that heterogeneity structure of education is more salient. This salient structure could also be attributed to an open culture that has been established in last few decades. The institutional theory can help to explain this transformation from single sex education to an education structure based on heterogeneity. The institutional theory would explain that the education system in USA developed, evolved and transformed due to development in other areas of the society like social and political development. After the 1940, the social system of USA evolved and matured. The impact of this social and political transformation was also observed in the educational sector or education domain and as a result, the traditional single sex system of education was transformed to co-education system of education. References Hurst, J., Johansen, I. (2006). The changing landscape of single-sex education. School Law Bulletin, 45, 1,23 Mael, F., Alonso, A., Gibson, D., Rogers, K., Smith, M. (2005). Single-sex versus coeducational schooling: A systematic review. Washington, DC: U.S. Department of Education, Office of Planning, Evaluation and Policy Development, Policy and Program Studies Service. Rice, F. P., Dolgin, K. G. (2002). The adolescent: Development, relationships and culture (10th ed.). Boston, MA: Allyn and Bacon. Spring, J. (2013). Deculturalization and the struggle for equality: A brief history of the education of dominated cultures in the United States.Instructor.

Macbeth, Darkness Essays (713 words) - Characters In Macbeth

Macbeth, Darkness Late Night With Macbeth In Shakespeare's play, Macbeth, darkness and night play a major role. Many deaths and other major events occur during this time. Macbeth is overwhelmed by power and feels he is unstoppable. There is something about the absence of light that makes people act different. Macbeth fell into this category and sees he is not the same man he usually is during the day. Macbeth is at his best and his worse during this time period. Dependent on darkness, guiltfull disorder and surrounding effects. The life of Macbeth and his wife revolved around darkness. Macbeth depends heavily on darkness. Most of his actions occur during the night. Macbeth uses this time to cover his evil actions and intentions. He and Lady Macbeth plot and plan their evil deeds at night so heaven can not see their doings. The darkness it self also assists their planning. Come thick night/ And pall thee in the dunnest smoke of hell, / That my keen knife see not the wound it makes, / Nor heaven peep through the blanket of dark. (1.5 48-51) The only way Lady Macbeth sees she can complete her deeds is with the help of hell and darkness. Macbeth and Lady Macbeth fell that if there were no darkness their plans would never arise. Guilt is a felling of remorse when you have done something wrong and can not get it off your mind. It will haunt you until something is done about it, guilt may be the worst felling that can be felt by a person. Disorder is felt when you do not understand your surroundings, the most common items will seem confusing. There are many examples of guilt and disorder in Shakespeare's play, Macbeth. Macbeth and his wife are unable to sleep at night because of their felling of guilt. Macbeth says 'I have murdered sleep' meaning he has killed the king during his sleep and he will sleep no longer. We find out Lady Macbeth kills her self because her overwhelmed felling of guilt. This tragic death also occurs because of her disordered behavior of sleep walking. Macbeth feels there should be a destruction of all moral laws that prevent him from doing evil. His guilt builds inside him which possesses him to continue his wrong doings. Come seeling night/ Scaf up the tender eye of pitiful day, / And with thy bloody and invisible hand/ Cancel and tear the great bond/ Which keeps me pale (3.2 46- 52) Macbeth begins to believe he can hide his murders from daylight. Macbeth is in so much disorder that he is unable to recognize Banquo's ghost. He is unable to realize that his illusions really are a reflection of guilt. Macbeth plays a major role on the effect of his surroundings. Each new morn/ New windows howl, new orphans cry, new sorrows/ Strike heaven on the face, that it resounds/ As if it felt with Scotland (4.3 4-7) Macduff's comment reflects the overall felling of sorrow and remorse in Scotland. Macbeth has such a great impact that if the chaos is not caused personally others would follow his example. It is unknown to Macbeth how great of an impact he has on his people. During the night Macbeth wreaks havoc and when morning arose Scotland mourns a loss of a king. Macbeth's actions are unnatural and brutal like a wild animal. Tis unnatural/ On Tuesday last/ A falcon towering in her pride of place/ Was by a mousing owl hawked at and killed. (2.4 11-14) Macbeth, unable to sleep plans his evil intentions. Macbeth relies and depends on darkness. As the play progresses Macbeth began to see night as a friend or guide. Most of his actions are planned during this time, sometimes with the help of Lady Macbeth. The guilt he bares is so much that he and Lady Macbeth are unable to sleep. He causes a major upset in Scotland but also many people fallow in his footsteps. His intent to be king snowballed into a massacre, which led to his killing. Shakespeare creates a dark play about murder and evil. He shows what a man consumed by darkness can do to an entire kingdom and himself. Shakespeare Essays