SOX- Sarbanes-Bosley Act -initiated to stop abuses at companies that share stock to the public. -requires that these companies apply both accounting oversight & stringent internal controls -desired results are more transparency, accountability, & truthfulness in transaction recording
executives
managers
internal auditors
sales staff
budget analysts
controllers
SOX- Sarbanes-Bosley Act
-initiated to stop abuses at companies that share stock to the
public.
-requires that these companies apply both accounting oversight & stringent
internal controls
-desired results are more transparency, accountability, & truthfulness in
transaction recording
Dodd-Frank Wall St. Reform & Customer Protection Act
-promote accountability
-put an end to “too big to fail”
-protects taxpayers by ending bailouts
-protects consumers from abusive financial services
Sustainability Accounting Standards Board (SASB)
nonprofit entity engaged in creating & disseminating sustainability accounting standards for companies
return on assets equation
net income/average total assets
equity equation
+owner’s capital
-owner withdrawals
+revenues
-expenses
asset accounts
cash
land
buildings
equipment
supplies
accounts receivable
notes receivable
prepaid accounts
anything that generates revenue
liability accounts
accounts payable
notes payable
accrued liabilities
unearned revenues
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
