Calendar Year College Essays Samples For Students

Introduction

Businesses need an accounting period for keeping financial records and for reporting their incomes. These periods can be broken down as either calendar year, accounting period or a fiscal year.

Calendar year

Calendar year as used in accounting refers to the twelve months in an year that begin January 1st and ends on 31st December (Finney & Miller 1958).This is the mostly used type of accounting year. Internal revenue service recommends usage of calendar year for those who keep no records or books or do not have a selected a particular accounting year.

Accounting period

Accounting period refers to the period for within which the financial ...

Company Benefits

Full-time employees who work thirty (30) or more hours per week are eligible for benefits.
Medical, Prescription Drug, Dental, Vision Insurance
Voluntary life Insurance
Voluntary Accidental Death and Dismemberment Insurance
Long Term Disability
Flexible Spending Accounts
401 (k) Retirement Plan

Voluntary Benefits with Employee Family Protection ( EFP)

Employees can enroll for health and welfare coverage effective the 1st of the month following 60 days of employments. If the employee chooses coverage for themselves, they may also cover their eligible dependents.
Employees will also have an opportunity to enroll and make changes if they experience a qualifying life event, benefit class change, status change or during the ...

Financial Statements

The Coca-Cola Company's fiscal year begins on 1st January every calendar year and ends on 31st December every calendar year. Since the 2016 fiscal year is not yet over or even half way through, this assignment assumes the 2015 fiscal year as the current one and uses data for the fiscal year ended 2015.
The net income from the 2015 fiscal year is $7,351 billion. This is up from 2014’s net income of $7,098 billion. The net income, therefore, increased by $253 million which represents a 3.56% increase in net income ("The Coca-Cola Company", 2016). Net ...

employment contract

KNOW ALL MEN BY THESE PRESENTS:

This Agreement, made and entered into this 25th day of February in 15 Pebble Creek, San Francisco, California, U.S.A, by and between:
UNITED FORCE CONSULTANCY COMPANY, a corporation that was duly organized and formed under and by virtue of the laws of the United States, with principal office and place of business at 602 Woodland City, San Francisco, California, U.S.A represented herein by its President and Chairman, MR. MICHAEL JAMES BROWN, hereinafter referred to as the “COMPANY”;
and
MISS CINDY ALLISON WHITE, of legal age, American, single, with residence and postal address at 141 Oakwood Suites, San ...

Distinctions between GDP and GNP

Both GDP and GNP indicate the national income account and output of an economy used in forecasting. However, they differ in definition, formula and application. GDP indicates the strength of a nation's local economy. It measures the total worth of an economy’s production and services by nationals and foreigners within a calendar year. Arguably, GNP indicates how citizens in a country fair in economic terms. It estimates the total worth of goods and services produced by citizens of a country at home and abroad within a calendar year. GNP = GDP + net income inflow from abroad – net payment outflow of foreign assets

What agency reports GDP, turning point of the business cycle and how is economic recession or recovery determined?

The national ...