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Company Selection, Ratio Analysis, and Statement of Cash Flow

Posted 04-14-2009 at 04:38 PM by ZahiD

Introduction

Wise stock market investment requires the investor to purchase the earnings growth or capacity utilization of companies. While value investors like to purchase the stocks of larger companies, looking for bargains as they focus on company valuation; growth investors look at factors suggesting continued high growth (Company Selection). However, both kinds of investors tend to perform ratio analysis whilst in the process of company selection.

Ratio analysis...
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Accounting for Operating Leases

Posted 04-07-2009 at 02:02 AM by ZahiD

In accounting leases are treated in a different manner then in the real world. We have all leased an apartment or a vehicle at some point in time and know what a lease means, renting without owning something. By definition, a lessor (owner) provides a lessee (user) the right to use an asset for a set period of time in return for periodic cash payments. In fact, the number one method of external financing by U.S. businesses is leasing.

Most businesses lease instead of financing their...
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Bad News for Current Accounting Students

Posted 03-11-2009 at 03:00 PM by ZahiD

Being an accounting student it saddens me that by the time I graduate, I will have to brush up on my accounting education and in some cases maybe completely erase what I already know and replace it with IFRS.

International Financial Reporting Standards are currently being used in over 100 countries and will soon be adapted by FASB and converged with GAAP.

U.S has to converge with IFRS by 2011 but mandatory use of IFRS is likely to start in 2014, according to the Deloitte...
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Individual Incentives in The American Recovery and Reinvestment Act of 2009

Posted 03-03-2009 at 12:24 PM by ZahiD

Congress has approved and President Obama has signed new economic stimulus legislation, The American Recovery and Reinvestment Act of 2009. The IRS is trying to implement tax-related provisions of this new program as quickly as possible. While the Act provides tax relief to some individuals, it falls short on business tax provisions that many hoped would be included to stimulate the economy.

One key question is could the new legislation affect 2008 tax returns? Unfortunately, the...
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Recording Merchandise Inventory

Posted 03-03-2009 at 02:32 AM by ZahiD
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One of the most important steps in the preparation of financial statements is the obtaining of accurate inventory figures. There are a number of methods of keeping perpetual or book inventories, but a really accurate inventory can be obtained only by counting all the merchandise on hand - a physical inventory. If a book inventory has been kept also, a comparison of the two inventories may reveal inventory shortages or overages.

Many small merchants, however, do not want to take on...
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