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Accounting Information Systems. An accounting information system is system that
keeps record for a business to maintain its accounting system. ...
Accounting Regulatory Bodies. Accounting Regulatory Bodies The success of an
organization relies heavily on accounting. ... Governmental Accounting Standards Board. ...
Managerial accounting vs Financial accounting. ... Business Decisions Financial accounting
and managerial accounting both prepare and analyze financial data. ...
Managerial Accounting. ... 3. Fixed-asset accounting- Assets such as land, buildings,
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Accounting Regulatory Bodies. Accounting is extremely important when it
comes to the success of organizations. Organizations can ...
Submitted by ashleighgates on April 15, 2005
Category: Miscellaneous
Words: 255 | Pages: 2
Views: 114
Popularity Rank: 84,723
Average Member Grade: N/A (Add a Comment / Grade this Paper)
In the article that you sent us to read and do a one page critique on was about Goodwill in accounting it means the amount by which a company’s value exceeds the value of its individual assets and liabilities. In the article it explains how the government has passed a law on Goodwill that will now allow companies to assume a loss immediately where as in the past they would have to claim a loss gradually over time .What this means to stockholders in the company is that when the company claims an immediate loss, their shares of stock drop or they completely loss their money. This is a practice that I think is unfair to the stock holders. Also in the article it tells how stockholders will be given a calculation to show how much their stock in the company is truly worth so that they won’t get ripped off dealing with Goodwill.
I personally feel that this article about Goodwill has opened my eyes a little bit more to the stock and bonds game. Even though I don’t own any stocks and bonds I plan to one day invest money that I make from working a nine to five and investing that money so it can make even more money for me. I also feel that Goodwill is great for the company because it lets them report a loss and let the stock holders assume most of the loss which is not right but it helps out the companies which is good for them
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