Latest threads in General Accounting | best threads

Subject Author Posted Replies
 
Giuen Holding Trust Ltd. Financial Derivatives
Global Fund Guide - Pension Portfolio - Economic Time Package Endowment Management – An Investment Adviser’s Perspective The endowment fiduciary’s primary task, in my judgement, is the...
11 years ago
 
Questions on a bank's operations
I have a question: Since deposits are liabilities and mortgages/loans are assets, then isn't a highly leveraged bank a *GOOD* tihng? Here are two examples: Bank A: It has $1M in total assets, of which...
11 years ago 8
 
MBA at the University of Adelaide
I'm currently doing an MBA at the University of Adelaide I was wondering what its market value is becayse it is extremely overvalued thanks i did it there it was a waste of time there are no big...
11 years ago 2
 
World Accountant's Day - November 10th
Please find this call by Prof David Albrecht to recognize November 10th as World Accountant's Day. spread the word at the earliest as the day is nearing. Update: There is now a dedicated website...
11 years ago 3
 
Bank Accounting Question
Dear People Who Actually Understand Accounting: Joe Plumber takes out a mortgage on a $1,000,000 dollar house, 20% down, 7% interest. Mortgage company A sells it to him, taking in $200,000 and a note...
11 years ago
 
Current ratio after write off?
Before writing-off the uncollectible account of Sears, KMart had current assets of $150,000 and current liabilities of $100,000. After the company writes-off Sears' account receivable of $5,000, what...
11 years ago
 
Interest question with discount bonds
Johnson company issued bonds with a $100,000 face value on January 1, 2008. The five year term bonds were issued at 98 and had a 7% rate of interest that is payable in cash on December 31st of each...
11 years ago 3
 
Sale of expensed assets
A small non-profit, in an effort to raise cash and clear out the office, sells off several dozen items, some of which are fixed assets on the books but many of which are long-since expensed items -...
11 years ago 6
 
accounting---Treasury stock
The stockholders equity category of Bradford Company's balance sheet on January 1, 2007, appears as follows: -Common stock, $10 par, 10,000 shares issued and...
11 years ago
 
Questions on Iceland's Bank Default is not connected to the housing bubble
The credit crisis of '08 is really a "HOUSING AND CREDIT BUBBLE". The two are interconnected: Because there was a credit bubble, there was a housing bubble. Recently, 3 of Iceland's biggest banks had...
11 years ago 2
 
What are the differences between CDOs and CMOs?
I am thinking that CDO/CMO are a subsect of MBS, but the basic principles behind them are the exact same. The CDO/CMO is an MBS which has tranches (classes), and this is what seperates them. However,...
11 years ago 1
 
Expenses before business starts
My family just started a small restaurant business. Beside the major investment on equipments, we spent some money on traveling, mailing, lawyer fees etc before the startup. I just wonder how to treat...
11 years ago 1
 
Trade Builder
If I purchase stocks on a weekly basis from Trade builder, do I have to go list each and every transaction on my tax return when I goto declare income from the sale of such or Can I consolidate?...
11 years ago 1
 
Need help with ecommerce accrual based accounting method
We use QuickBooks to keep up with all our businesses' accounts, finances and revenue. In years past we have done everything on a cash basis just because it is so much easier to keep track of. However,...
11 years ago 7
 
Personal Tax Deduction - Professional Subscriptions
Before I retired, "Office In Home" was a legitimate deduction for me. Part of those deductions included "professional subscriptions" into which I threw the WSJ, local paper, and a number of business...
11 years ago 2