Hi Herbert: Financial Accounting

|b. |attempts to satisfy the costing objectives of both financial accounting and management accounting. |

When people talk about accountant, CPA might be the first word that comes out in the mind. It is true that CPA is the most familiar type of accounting work for most of people. However, accountant is a person who works in accounting area. And accounting includes plenty of different types of jobs. The diversity in accounting attracts my interest and makes me decide to major in it. Since accounting contains many different kinds of works, it offers lots of chances to learn different areas in the economic system and even the whole world market. Lots of choices of different jobs is not the only reason that I am interested in being an accountant. Accountant is also a person who does his job in capital

1. Discuss the nature of stock as an investment. Do most stockholders play large roles in the management of the firms in which they invest? Why or Why not?

Margin of Safety: “Safety Net ” – tells the amount by which sales can be reduced before you reach break -even point. Formulae: Margin of Safety (units) = amount by which total sales can fall before losses are incurred Total Sales – Break-Even Sales Margin of Safety % = % total sales can fall before losses are incurred (Total Sales – Break-Even Sales) / Total Sales

cognizant of the fact that the choices he makes can affect the price a buyer pays

Xilinx, Inc. designs, develops, and markets complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as intellectual property cores, customer training, field engineering and technical support. Customers are electronic equipment manufacturers primarily in the telecommunications, networking, computing, industrial, and consumer markets. Products are sold globally through a direct sales management organization and through franchised domestic and foreign distributors. (Source: Company 2007 Form 10-K)

3. What was the balance of Walmart’s allowance for doubtful accounts (ADA) as of January 31, 2012?

Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions. These activities include computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial

We need accountants because they are trained to handle tough financial situations. They know what investments are wise, what we can afford, and how we can increase our wealth.

15. An individual receiving both stock and short term notes for appreciated property has no recognized gain because of &351. Answer: True

Being an accountant not only involves measuring financial information and communicating to others, which constitutes making financial statements and their accompanying notes, but many routine professional tasks require an accountant to exercise writing skills.

As a result of the option granted to Williams, using the fair value method, Trent should recognize compensation expense for 2010 on its books in the amount of

Verizon Communications Inc., headquartered in New York, is a global leader in providing broadband and

Table of Contents ................................................................................................................................................ 1 Assignment Background .................................................................................................................................. 2 Bigg-Glowbell Overview ...................................................................................................................................... 3 The Company History ...................................................................................................................................... 3

Accounting professionals are in very high demand. The nature of work in accounting is so vast an individual would have so many different areas of accounting to choose from. Accounting requires people who can work with complex business structures, computer systems, and financial analysis packages. Accounting work further requires an aptitude for mathematics and the ability to compare and analyze accounting data quickly. Accountants also need to have strong communication skills as they must effectively communicate accounting data to their employers and/or clients. The accounting profession also demands a high level of integrity and morality because the financial data prepared by accountants is used by business managers to run their