Financial Reporting Private And Public Accounting

Private Company Financial Reporting Background Information Private and public accounting have long been discussed and disputed in regards to financial reporting. Since the Financial Accounting Standards Board (FASB) was created in 1973, accountants have called for different accounting regulations for private and public accounting sectors, as private companies do not have the resources to meet the complex requirements of public companies. Private companies currently are not required by law to issue annual or quarterly financial statements. Private companies do, however, have the option to apply the U.S. Generally Accepted Accounting Principles (GAAP), cash basis, or accrual accounting to their financial statements (James, 2012). When the FASB was created it had a mission statement â€Å"to establish and improve standards of financial accounting and reporting that foster financial reporting by nongovernmental entities that provides decision-useful information to investors and other users of financial reports† (James, 2012). FABS was created as the financial accounting and reporting rules for both private and public companies. However, since financial reporting was so complex, there were other accounting organizations within FASB that stepped in to assist with creating different accounting policies and procedures for financial reporting. The Financial Accounting Foundation (FAF), through FASB, and the Governmental Accounting Standards Board (GASB) assisted in developingShow MoreRelatedHistory Of Accounting And Private Sector1534 Words   |  7 PagesIntroduction Since the early 1980s public sector accounting and private sector accounting have experienced significant transformation such as decentralization, deregulation and the differences between thee two sectors are highly topical and political in many countries (Blondal 2003). The key transformation is the adoption of ‘accrual basis’ of accounting rather than ‘cash basis’ accounting by increasing number of countries (Guthrie and Ryan 1998). Meanwhile, public sectors refer specifically to organizationsRead MoreThe Committee For The Equity Funding Among Other Scandals770 Words   |  4 Pagesdevelopments that ensued. These included the designation of the Cohen Commission to the Equity Funding among other scandals. Moreover, there was the institution of a SEC Practice Section and a Private Companies Practice Section that was tasked to do peer review and quality review. The promulgation of SEC’s Accounting Series Release 250 that required corporations to repor t to the ratio of non-audit to audit fees was also one of the developments. Finally, there was the issuance of SSARs No. 1 that describedRead MoreGovernment Accounting Standards Board versus Financial Accounting Standards Board1022 Words   |  5 PagesIn accounting, private companies are treated differently than governmental and non-profit companies. However governmental and non-profit companies use different reporting requirements from the private sector. The requirements for governmental companies use the Government Accounting Standards Board (GASB), whereas profit and non-profit companies use the Financial Accounting Standards Board. This paper will explain the purpose, discus the similarities, and differences between the GASB and FASB. Read MoreEssay Gasb and Fasb Analysis696 Words   |  3 Pages Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper Mandy Diaz University of Phoenix Marie Romero ACC 460 / Government and Non-Profit Accounting March 30, 2010 Governmental Accounting Standards Board and Financial Accounting Standards Board This paper will be aimed at comparing and contrasting governmental (GASB) which is Governmental Accounting Standards Board and proprietary (FASB) which is Financial Accounting Standards BoardRead MoreThe Reporting Entity Concept Of The Australian Accounting Standards Board1027 Words   |  5 PagesQuestion 1A 1B The Reporting Entity Concept makes up part of the Australian Accounting Standards Board (AASB) Conceptual Framework and has been in use since its inception in Australian Accounting Standards in the early 90s (Hamidi-Ravari, 2014). 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These members are experts in accounting standards, preparing, auditing, financial reportingRead MoreFinancial Interests Of The Big 4 Accounting Firms And A Private Cartel Designed And Promoted For The Benefit Of Essay1427 Words   |  6 PagesQ4. Murphy claimed that IASB does not act in public interest that it is a private cartel designed and promoted for the benefit of the Big 4 accounting firms. This is not groundless suspicion in considering the mutual interests and alliance lie between them. Big accounting firms have always been involved in standard setting. Especially the Big 4, pointed out by Albu et al. (2011), always participate in standard setting process and develop guidance on the application of standards. In fact, a largeRead MoreIntermediate Accounting I Final Paper1750 Words   |  7 PagesIn 1973, the Financial Accounting Standards Board (FASB) was created and their mission is â€Å"to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information.† (FASB.org, 2009a). The FASB is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the United States. The Securities and Exchange Commission (SEC)Read MorePublic And Private Company Council899 Words   |  4 Pages The Private Company Council For decades, there has been a separation between public and private companies and the method in which they account for their activities. As a result, there can be great complexity in the preparation of the financial statements for private entities who have been required to conform to the reporting standards of public companies. This has led to poor comparability among companies and has left investors frustrated. In 2012, as an attempt to remedy this situation, a councilRead MoreAccounting Standards And Financial Reporting Essay1508 Words   |  7 PagesSpiceland, Sepe, and Tomassini (2007), â€Å"accrual accounting is the financial reporting model used by† most corporations; which in turn, enables â€Å"investors and creditors †¦ to make their resource allocation decision† (Financial Reporting Case, para. 1). In other words, due to organizations using the same standards for financial reporting, external parties are able to compare the financial condition betwe en businesses (Spiceland, et al., 2007). Although accounting standards have evolved over the decades,

Essay about Krispy Kreme Marketing Plan - 4273 Words

[pic] Marketing plan Company: Krispy Kreme Doughnuts, Inc. Products: Doughnuts, coffee beverages. Country: America [pic] Table of contents 1. Executive summary 2. Situation analysis 1. Background of Krispy Kreme and products 2. Product offering 3. Market summary 1. Target market 2. Market demographics 3. Market needs 4. Market trends 5. Market growth 4. Competition 5. SWOT analysis 6. Critical issues 3. Marketing strategy 1. Missions 2. Marketing†¦show more content†¦Moreover, some key activities are shown regarding to time in the period from the beginning of 2011 until the end of this year. 2. Situation analysis 2.1 Background of Krispy Kreme and products. Krispy Kreme is a branded specialty retailer and manufacturer of premium quality doughnuts. Its principal business is to own and franchise Krispy Kreme doughnut stores in the U.S. and internationally. The main product is the Hot Original Glazed, a one-of-a-kind doughnut with an established brand. Each outlet also sells over 20 other varieties of doughnuts and coffee products. Product quality and consistency has provided the Company with a very loyal customer base.3 Each of the retail stores is a doughnut factory with the capacity to produce between 4,000 and 10,000 dozen doughnuts daily. Each factory store contains a full doughnut making production line. The factory store is marketed as a unique retail experience, featuring the store’s production process, including a doughnut-making theater. The stores also support multiple sales channels to more fully use production capacity. Stores provide Krispy Kreme doughnuts to be sold in satellite locations, ballparks, and grocery stores, and under private label marketing agreements. Figure 1: Krispy Kreme’s logo and a range of doughnuts. [pic] 2.2. Product offering Their special and secret recipe has been used for all KrispyShow MoreRelatedKrispy Kreme Marketing Plan3099 Words   |  13 Pages11429054 Due: 07/01/08 International Marketing 2MKT659 Individual Assessment and Reflective Statement IA Word Count: 2,405 RS Word Count: 494 Marketing Plan for Krispy Kreme Doughnuts Introduction Krispy Kreme Doughnuts has been a successful company for many years. The company was able to start expanding internationally in 2001. It opened its first store in the United Kingdom in 2003 at Harrod’s Department Store in Knightsbridge. Krispy Kreme has been a success in the United KingdomRead MoreMarketing Plan For Krispy Kreme1024 Words   |  5 PagesOne of the biggest issues of marketing today, is developing a valuable brand. Once a company is recognized as a brand leader, the company is able to expand its product line. Some of the biggest industries names are Gatorade, Apple’s iPhone, Google, and even America’s favorite past time: baseball, is learning ways to attract ticket sales to the stadium. Companies spend millions of dollars trying to develop a product line. Brand recognition is the most important part that any company or product canRead MoreKrispy Kreme Doughnuts Inc Case Study Essay1120 Words   |  5 PagesKrispy Kreme Doughnuts Inc Case Stud y Summary In this SWOT analysis, I will delve into the strengths, weaknesses, opportunities, and threats that affect the Krispy Kreme Doughnuts Inc. Krispy Kreme is a highly successful company, whose main product, not surprisingly, is doughnuts. The company went public in 2000, and saw a hugely successful increase in share price immediately after. Vernon Rudolph founded the Krispy Kreme company in 1937 in Winston-Salem, NC. The company has since becomeRead MoreDunkin Donuts And Krispy Kreme1234 Words   |  5 PagesDunkin’ Donuts Versus Krispy Kreme By Zac Arnold When it comes to the consumption of coffee and donuts, I wonder to myself who does the best job at doing so at a reasonable price and who has the most benefits. That is when I decided that I was to put Dunkin’ Donuts and Krispy Kreme side-by-side to see who would be the best in the modern marketing world. In order to do this, I will be discussing the four P’s to differentiate the companies and use other material that was discussed in class. WhenRead MoreInternational Marketing - Krispy Kreme800 Words   |  4 Pages1. Where should Krispy Kreme go next? List the next ten countries they should enter in order of most viable. What criteria did you use to compose your list? 1. Canada 2. United Kingdom 3. Australia 4. New Zealand 5. Mexico 6. Japan 7. Spain 8. Taiwan 9. China 10. Germany The criteria and questions used to compose the list of viable countries for Krispy Kreme to enter were: 1. Does the product and experience associated with product have a potential place in the new market? 2. CountryRead MoreMarketing Analysis - Krispy Kreme1634 Words   |  7 PagesKrispy Kreme Doughnuts Incorporates principal activity is to produce and market doughnuts and related items. The operations are carried out through three segments, company stores operations, franchise operations and Krispy Kreme Manufacturing and Distribution. The stores are both retail outlets and highly automated producers of over twenty varieties of doughnuts. The company is a branded specialty retailer, and produces more than three million doughnuts a day. In addition to its Krispy Kreme storesRead MoreKrispy Kreme Is The Best Donuts1673 Words   |  7 Pagesthere you end up buying two dozen. Trust me, I always do. Krispy Kreme is the best donuts in the world to me and they just melt in your mouth. Before you know it you will have ate a whole entire box by yourself. Krispy Kreme Doughnuts, is one of the world s driving retailers and wholesalers of doughnuts and bundled desserts. They were very succe ssful when they first started up but like any other company they also had downfalls. The Krispy Kreme grow so reckless that they almost had to file bankruptRead More krispy kreme research Essay996 Words   |  4 Pagesto make the business unique, the business is just like any other corner shop, and will not get the desired attention from the consumer. Creativity is also very important for marketing strategies. For example, America is on a low carb craze which has the potential to cause problems if Krispy Kreme does not have a creative plan to keep them profitable. Success entrepreneurs are independent. They tend not to rely on other people to make decisions for them. They want to make their own decisions and doRead MoreDunkin Donuts And Krispy Kreme1133 Words   |  5 Pagesat a reasonable price and who has the most benefits. That is when I decided that I was to put Dunkin’ Donuts and Krispy Kreme side-by-side to see who would be the best in the modern marketing world. In o rder to do this, I will be discussing the four P’s to differentiate the companies and use other material that was discussed in class. When I started to write this report; my original plan was to use Dunkin’ Donuts and Starbucks to determine which would be better, however these companies are far fromRead MoreKrispy Kreme Supply Chain Sales Essay1417 Words   |  6 PagesOne major competitor for Krispy Kreme is Dunkin Donuts. Dunkin Donuts was founded in 1950 in Quincy, Massachusetts and has great success through franchising with over 18,000 outlets around the globe. (Scrudato, 2015) With over 50 varieties of donuts they cater to the baked goods lover worldwide. Dunkin Donuts competes with Krispy Kreme through their baked goods and their coffee. They also have other competitive advantages that will be discussed in the SWOT analysis. CURRENT MARKET The company

The Voucher Program free essay sample

A look at why a voucher program for housing projects makes economic sense. The voucher program is probably the best way to cure the problems the housing system endured during the tenure of the projects. One of the main reasons why the voucher program would work is because it would save the taxpayers money. Since the projects were owned and run by the government, it cost money to build the buildings and keep them livable. Most cities had to form a new police division to strictly deal with problems in the projects. And since most of these funds were given by the federal government, it was affordable for city governments to run certain projects; however, today market forces and federal budget issues have drastically cut back on funds to local governments for public housing. With the voucher program, it allows cities to cut back on their expenses by allowing private landlords to handle the cost of maintaining and running their own buildings (U. We will write a custom essay sample on The Voucher Program or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page S. News).

Women Should Never Be Trusted Essay Example For Students

Women Should Never Be Trusted Essay Even before the book, The Odyssey by Homer is created, there are many instances where women are to be believed as people who could not be trusted, and men has many different thoughts on how a woman acts. In The Odyssey, there are many dealings where this major theme of women continually repeats itself in books nine through twelve, where the lustful goddess, Circe tricks Odysseus men, and Clytemnestra, Agamemnons wife kills her own husband. Homer tries to point out that women cannot be trusted by showing numerous instances that women betray or trick men. Homer puts out that women are not dependable after the first of many examples where women deceive men. Odysseus is not the only one man who is tricked by a woman but many of his men at Aeaea Island got decieved as well. At Aeaea Island, Odysseuss men run into Circe, and Eurylochus, being wary, decides not to trust Circe while the others do, She opened her gleaming doors at once and stepped forth, inviting us all in, and in we went, all innocence. But I stayed behind I sensed a trap (Homer, 10.281). Eurylochus shows his feelings on beautiful women such as Circe, when he says, I sensed a trap meaning that even though in The Odyssey people trusts other when it comes to hospitality he does not trust Circe since she is a woman. Sensing a trap even before Circe had done anything to the men shows distrust toward women in general. We will write a custom essay on Women Should Never Be Trusted specifically for you for only $16.38 $13.9/page Order now Eurylochus also expresses his opinion on the men for acting in all innocence since all of the men goes in without thinking about the consequence that would follow after. Without taking into account that Circe is a woman, the men all went in blind to the tricks up Circes sleeve. Later, at Aeaea Island, when Odysseus finds out that his men are pigs, he goes to confront Circe, In a golden bowl she mixed a potion for me to drink, stirring her poison, her heart aswirl with evil (10.350). Odysseus shows his disbelief toward Circe, when she had stirring her poison knowing from Hermes that inside that potion will poison him. Looking at Circe makes Odysseus feel that her personality is dark, when he think that her, heart aswirl with evil and not a woman that he should trust. Women, in total, are creatures that cannot be trusted at all in Homers point of view. Homer again conveys how women are not faithful and are backstabbers. When Odysseus meets Agamemnon in Hades, Agamemnon teaches Odysseus that he should not believe women. Agamemnon learns this lesson the hard way when his own wife, Clytemnestra, kills Agamemnon her own husband when he come back from the war in Troy. But she that whore, she turned against her back on me, well on my way to death she even lacked the heart to seal my eyes with her hands or to close my jaws. So, theres nothing more deadly, bestial than a woman () (11.481). When Agammenon rants about how women are all beasts, theres nothing more deadly, bestial than a woman shows how he feels that no one should trust a woman, even their own wife. Agammenon, who wholeheartedly believes that women are not people to be trusted, and that women have no heart, she even lacked the heart to seal my eyes with her hands or to close my jaws. If a woman has no heart, there is no reason to trust in that person, knowing that they will do harm. Agammenon tries to show Odysseus that never trusting women is the best path to go. Women backstabbers and hurtful people, and women are not to be believed no matter how related they are. .uece1369de508d5c3c9906f69f1174b4a , .uece1369de508d5c3c9906f69f1174b4a .postImageUrl , .uece1369de508d5c3c9906f69f1174b4a .centered-text-area { min-height: 80px; position: relative; } .uece1369de508d5c3c9906f69f1174b4a , .uece1369de508d5c3c9906f69f1174b4a:hover , .uece1369de508d5c3c9906f69f1174b4a:visited , .uece1369de508d5c3c9906f69f1174b4a:active { border:0!important; } .uece1369de508d5c3c9906f69f1174b4a .clearfix:after { content: ""; display: table; clear: both; } .uece1369de508d5c3c9906f69f1174b4a { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uece1369de508d5c3c9906f69f1174b4a:active , .uece1369de508d5c3c9906f69f1174b4a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uece1369de508d5c3c9906f69f1174b4a .centered-text-area { width: 100%; position: relative ; } .uece1369de508d5c3c9906f69f1174b4a .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uece1369de508d5c3c9906f69f1174b4a .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uece1369de508d5c3c9906f69f1174b4a .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uece1369de508d5c3c9906f69f1174b4a:hover .ctaButton { background-color: #34495E!important; } .uece1369de508d5c3c9906f69f1174b4a .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uece1369de508d5c3c9906f69f1174b4a .uece1369de508d5c3c9906f69f1174b4a-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uece1369de508d5c3c9906f69f1174b4a:after { content: ""; display: block; clear: both; } READ: Essay about Resilience Of The Health Care Environment EssayThroughout The Odyssey, continually Homer shows different examples that try to prove that all women are evil, where Clytemnestra kills her own husband, and Circe tricks all of Odysseus men. Women are believed by Homer to be people that are not trustworthy or dependable. What Homer missed is the fact that it may be the man who makes themselves not trustful at the first place, so that the woman has no choice but to betray the untruthful men after all.