Essays on Reeve

Chart of Accounts

Wild, Shaw and Chiappetta (2015, p.58) defines the chart of accounts as a list of financial accounts used by the company to identify specific transactions in its journal/ledgers. Warren, Reeve and Fess (2005, p.48) pointed out that the ledger accounts are usually listed in a specific order, which is either from the most significant value or its ease of liquidation. But some companies list their chart of accounts based on their order of appearance in the financial statements (Warren, Reeve and Fess, 2005, p.48). However, in order to facilitate the tracking of business transactions for future references each of ...

In 399 BC, one of the greatest ancient thinkers, Socrates, faced the trial upon the accusations of his corrupting influence on the Athenian youth, rejection of gods recognized by the Athenian state and invention of new gods. In the course of the trial, the philosopher was given an opportunity to defend himself, and his speech interpreted by Plato under the title Apology has survived until nowadays as a prominent example of rhetoric and argumentation. Socrates moves from explanations of his actions to critique of the values and misconceptions of his accusers (particularly, Meletus). Although one would expect a person ...

The airline industry is considered to be highly competitive and therefore airline company managers will need to determine the relevance of their current ERP systems with regards to the applicability of the financial information it generates. This is because the same quantitative and qualitative information is used for both financial and management accounting. However, the main goal of a company is to generate better profitability for its owners while remaining sustainable. This is done by controlling costs while improving revenues through the use of budgets and the standardization of costs and results to variances, which are primarily under management ...

The purpose of this report is to provide a brief analysis of the financial statements and ratios calculated of CoolSprings Furniture. The analysis is essential to make rational decisions that are important for the growth of business. The analysis determines the actual financial position of the company. The analyses for different parts of the financials are categorized in each section below.

Transactions

The weekly transactions of CoolSprings show that there are high cash inflows and cash outflows in routine activities such as paying off expenditures, fulfilling short-term obligations, and receiving cash on sales. It shows that the company relies on ...

Aristotle, one of the first known philosophers, proposed the first ethical theory thousands of years ago. He stated that an ethical person chooses the course of action that leads to the greatest sense of personal well-being and living well. This is the theory of virtue which is known as eudemonia. The theory of eudemonia is complemented by the doctrine of the mean, which posits that virtuosity rests between the two extremes of action. This position advocates moderation in thought and action, for according to Aristotle, “in everything continuous and divisible, then, it is possible to take more, less, and ...

A leader has the mandate to develop a vision that is compelling as well as a strategy for achieving the vision. To achieve a vision, a leader must organize both the material and human resources. Excellent performance of a given organization does not result as an accident but rather as a product of visionary leadership of that particular organization. When a vision has been drafted, the leadership work to ensure it is achieved within the stipulated time. For that justification, it is prudent for an institution to have strategic leadership for the achievement of its strategic vision. Apart from ...

In cash basis of accounting, revenues are stated on the income statement in the period that the cash was received from the clients. Similarly, the expenses are also recorded on the income statement at the time customers are making cash payment (Warren, Reeve & Fess, 2009). On the other hand, the accrual system report revenues only when they are earned on the income statement. Additionally, this always occurs before the reception of cash from the clients. Moreover, expenses are recorded during the periods of their occurrence or when they expire. That is the period from the date of payment. However, ...

Question. What is Thrasymachus's view of justice in Book I of the Republic? Explain the story of Gyges Ring. What is this story meant to establish? Do you think that Thrasymachus's view of justice is correct? Why or why not? Answer. Thrasymachus philosophy on justice was exactly opposite to that of Socrates’ position. Socrates believed that justice was the important good and all the just persons were good persons. Socrates view on justice considered it to be the strength of the society’s ethical foundations as it was meant to protect the interests for the common good of the ...

1. Rationale for Selection Investors require financial analysis of a company to make decisions. A financial report is significant for the purpose of providing information regarding the financial position of a company along with the risk factors associated with it. A report is prepared to provide clear and complete information about Apple Inc. that includes all relevant sections that are crucial for an investor. Apple Inc. is an American multinational company that follows GAAP (Generally Accepted Accounting Principles) to prepare financial statements and annual report for its stakeholders. Its financial analysis includes financial ratio analysis, stock price analysis, associated ...

Financial Analysis Project

Target Corporation is one of the largest American merchandise retailers. As of January 31, 2016, it operated 1,792 stores in the USA. It is also a component of the Standard & Poor’s 500 Index. The company earned a net income of $3,363 million in 2015 compared to a net loss of $1,636 in 2014 (Target, 2016). Horizontal analysis involves comparing each item on the most recent statement with the related item on the earlier statement in terms of amount and percent of increase or decrease (Warren, Reeve, & Duchac, 2009, p. 585).

Horizontal Analysis

Horizontal analysis of Target’s ...

Abstract

The debate over the potential benefits of organic foods and conventional ones has been ongoing for quite a long time. Due to numerous reasons, consumers believe that organic foods are healthier, environmentally friendly as well as possess ethical option and they are not far from the truth. A number of scientific evidence indicate that organic foods are better for nature, involves high animal welfare, natural and great tasting foods aspects as well as safer and healthier option than non-organic ones. Studies reveal various reasons why consumers choose organics and interestingly most consumers who go for organics do so because ...

Hurston uses a lot of folk sayings while writing about black people from the south. Darwin. T. Turner in his book, “ Zora Neale Hurston: The Wandering Minstrel” writes that “Gifted with an ear for dialect, an appreciation of the folktale, a lively imaginationshe interwove these materials in deceptively simple stories which exhibit increasing artistic consciousness (Turner 98-99).” “As she approached Blue Sink she all but turned back. It was a dark night but the lake shimmered and glowed like phosphorous near the shore. It seemed that figures moved about on the quiet surface. She remembered that folks said Blue ...

The analysis of friendship as a life concept and universal phenomenon is evident in Aristotle’s The Nicomachean Ethics. According to the philosopher, for one to declare another his or her friend, they have to meet certain conditions. For illustration purposes, one can consider the love of famous musicians that an individual may choose to monitor via different social media platforms. The decision to like them on Facebook or to follow them on Twitter does not mean that the fan and the famous person are friends. On the contrary, in Aristotle’s views, such a situation does not even ...

Book II of Plato’s Republic details the ideas behind justice, and presents a pair of complex arguments that shed further light on the detailed and complicated questions that just behavior raises. Glaucon asks Socrates and the others to find a way to prove that justice is something that should be sought after to the point where it is desired in and of itself and for whatever consequences may arise.

According to Glaucon, many people will consider justice to be something that we do not want around, but we feel it is necessary in order to stave off chaos and complete ...