The constantly changing landscape of Banking, Finance, and Accounting challenges experts and practi- tioners to stay apprized of the field’s most up-to-date research. That is why Business Science Reference is pleased to offer this three-volume reference collection that will empower students, researchers, and academicians with a strong understanding of critical issues within Banking, Finance, …
This eBook will help you understand how cash flows are generated and what factors affect them. This knowledge is an integral part of making financial decisions that increase a firm's economic value or the capabilities of a nonprofit organization
Credit is part science, part art, and part gut-feel. The trick is to get the right mix.While there is no one absolute right way to handle the credit, collections, and accounts receivable functions, there are a few that are totally and irrefutably wrong. It is the mission of this book to identify both for the reader. For the last eight plus years, I have been lucky enough to spend my days …
As we all know, information is power. Many of you may not think of accounting as a means to get key information and to stay in control of your business operation. You probably think of the world of accounting as a place with a language you don’t understand. You view it as a necessary evil that you must have around in order to present the necessary reports to your investors and supporting fin…
The increasing use of derivatives for risk management of a company lately has led to the need to report on an actual basis as these instruments and regulate these operations accounting. This paper proposes a presentation of hedging transactions and their accounting evaluating the impact, in terms of accounting, risk management derivatives on a company. Hedges are often ineffective. Overcoming t…
“There are few areas of accounting that need improvement more than the accounting for business combinations. The current accounting literature allows two economically similar business combinations to be accounted for using different accounting methods that produce dramatically different financial results, which is confusing to investors.”
Globalization has afforded great opportunities for companies who take advantage of them. Outsourcing is one of these, and payroll outsourcing is gaining popularity throughout the business world. Processing payroll in a timely and accurate manner is critical for business success. Maintaining salary, benefit, and tax information can be complex, which is why increasing numbers of small to medium b…
The 2008 Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) is an updated compilation of regulations and policies issued by the Bangko Sentral ng Pilipinas (BSP) for financial institutions under its supervision. Available in hard and soft copies, it is a convenient reference and guide for said financial institutions in the conduct of their operations. The updated MORNBFI incorp…
When I graduated with a doctorate in 1977, I researched and published articles on mainstream topics, particularly current value accounting and the interaction between earnings and cash flows. After a while, it occurred to me that these are not the crucial issues of financial accounting and reporting. Ethics and honesty and fairness to financial statement users comprise the foundational issu…
The goal of this book is to provide a broad range of information about gov- ernmental accounting and financial reporting that will be useful to people who either have no (or very little) accounting background or have some accounting knowledge in the commercial or not-for-profit accounting areas, but do not un- derstand governmental accounting. Over the past few years governments have been imple…
White-collar crime is rampant, and has been for some time, in the business community of the U.S. economy. Experts have estimated that the costs of white-collar crime averages about 20 times the costs of street crimes each year. The Association of Certified Fraud Examiners (ACFE) estimated that fraud cost the U.S. economy $660 billion in 2004. But white-collar crime has taken a backseat to stree…
A liability is an existing debt or obligation of a company. It is an amount owed to a third-party creditor that requires something of value, usually cash, to be transferred to the creditor to settle the debt. Most obligations are known amounts based on invoices and con- tracts; some liabilities are estimated because the value that changes hands is not fixed at the time of the initial transactio…
This handbook is intended as a reference for financial managers, credit and security analysts, bankers, lawyers, accountants, auditors, and educators, whose decisions en- compass the international dimensions of financial analysis, reporting, and control. It expands and updates the topical coverage of its award-winning predecessor, The Handbook of International Accounting, and, in its second e…
When I wrote Essentials of Payroll, I realized that the limitations of Wiley’s shorter “Essentials” softcover series did not provide enough room for the wide range of topics required to present a really thorough treatment of the payroll topic. Even though the Essentials of Payroll manuscript became the longest Essentials book ever issued, I still wanted to jam in more information. This bo…
Fair value accounting is the accounting profession’s equivalent of the automobile commercials you have seen on television, showing a vehicle racing around an obstacle course or bouncing over hills, along with a dis- claimer saying something to the effect that “This is a professional stunt driver on a closed course. Do not try this at home!” Fair value accounting is not for the timid. It i…
Why are established lean enterprises so durably successful while so many at- tempts to become lean fail? The answer lies in the Anna Karenina principle, an extension of Tolstoy’s observation: “Happy families are all alike; every un- happy family is unhappy in its own way.” In general, this means that a defi- ciency in any one of a number of factors critical to overall system function doom…
The second edition of Just-in-Time Accounting demonstrates for the controller or chief financial officer how to streamline an accounting system so that transac- tions can be processed with minimal errors and staff time, resulting in high lev- els of efficiency that result in more time for other activities. Part One of the book uses a multistep approach to improving accounting sys- tems. The fir…
How do people really learn? The answers and theories are endless. They include ideas ranging from genetic imprinting to osmosis and modeling and emotional intelligence. Brain research is voluminous in the 21st century. For now, though, please ask yourself: How do I learn? Isn’t that an interesting question? And, what do you learn? Do you learn infor- mation from reading, watching videos, usin…
This chapter continues the discussion of cost accumulation systems. In Chapter 18, we explained and illustrated job costing. The job cost system (job costing) accumulates costs incurred to produce a product according to individual jobs. For example, construction companies use job costing to keep track of the costs of each construction job. This chapter discusses another cost accumulation system…
First of all, I have to admit that accounting has an image problem. Be honest: What’s the first thing that pops into your mind when you see the word “accountant”? You probably think of a nerd wearing a green eyeshade who has the personality of an undertaker (no offense meant to undertakers, of course). Well, I’ve never worn a green eyeshade in my life, and I can assure you that I’m no…