Accounting - Revision history

Pestergaines: /* Specific concepts */ +WP template

2012-01-10T15:59:50Z

Specific concepts: +WP template

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	==Specific concepts==		==Specific concepts==
			{{Wikipedia text\|Management accounting}}
	===Cost accounting===		===Cost accounting===
	Cost accounting is a central element of managerial accounting.		Cost accounting is a central element of managerial accounting.

Geofferycheung at 15:15, 10 January 2012

2012-01-10T15:15:40Z

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	There are a variety of ways to keep current and continue to build one's knowledge base in the field of management accounting. Certified Management Accountants (CMAs) are required to achieve continuing education hours every year, similar to a Certified Public Accountant. A company may also have research and training materials available for use in a corporate owned library. This is more common in "[[Fortune 500]]" companies who have the resources to fund this type of training medium.		There are a variety of ways to keep current and continue to build one's knowledge base in the field of management accounting. Certified Management Accountants (CMAs) are required to achieve continuing education hours every year, similar to a Certified Public Accountant. A company may also have research and training materials available for use in a corporate owned library. This is more common in "[[Fortune 500]]" companies who have the resources to fund this type of training medium.

	There are also numerous journals, on-line articles and blogs available. The journal ''Cost Management'' ({{ISSN\|1092-8057}})<ref>{{cite web\|url=http://ria.thomsonreuters.com/estore/printdetail.aspx?ID=ZMCMP \|title=Cost Management \|publisher=Thomson Reuters \|date=2011 \|accessdate=November 12, 2011}}</ref> and the [http://www.imanet.org/publications_maq.asp Institute of Management Accounting] (IMA) site are sources which includes [[Management Accounting Quarterly]] and ''Strategic Finance'' publications. Indeed, management accounting is needed in an organization.		There are also numerous journals, on-line articles and blogs available. The journal ''Cost Management'' ({{ISSN\|1092-8057}})<ref>{{cite web\|url=http://ria.thomsonreuters.com/estore/printdetail.aspx?ID=ZMCMP \|title=Cost Management \|publisher=Thomson Reuters \|date=2011 \|accessdate=November 12, 2011}}</ref> and the [http://www.imanet.org/publications_maq.asp Institute of Management Accounting] (IMA) site are sources which includes [[Management Accounting]] Quarterly] and ''Strategic Finance'' publications. Indeed, management accounting is needed in an organization.

	===Related qualifications===		===Related qualifications===

Geofferycheung at 15:11, 10 January 2012

2012-01-10T15:11:57Z

← Older revision		Revision as of 15:11, 10 January 2012
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	There are also numerous journals, on-line articles and blogs available. The journal ''Cost Management'' ({{ISSN\|1092-8057}})<ref>{{cite web\|url=http://ria.thomsonreuters.com/estore/printdetail.aspx?ID=ZMCMP \|title=Cost Management \|publisher=Thomson Reuters \|date=2011 \|accessdate=November 12, 2011}}</ref> and the [http://www.imanet.org/publications_maq.asp Institute of Management Accounting] (IMA) site are sources which includes [[Management Accounting Quarterly]] and ''Strategic Finance'' publications. Indeed, management accounting is needed in an organization.		There are also numerous journals, on-line articles and blogs available. The journal ''Cost Management'' ({{ISSN\|1092-8057}})<ref>{{cite web\|url=http://ria.thomsonreuters.com/estore/printdetail.aspx?ID=ZMCMP \|title=Cost Management \|publisher=Thomson Reuters \|date=2011 \|accessdate=November 12, 2011}}</ref> and the [http://www.imanet.org/publications_maq.asp Institute of Management Accounting] (IMA) site are sources which includes [[Management Accounting Quarterly]] and ''Strategic Finance'' publications. Indeed, management accounting is needed in an organization.

	~~==References==~~
	~~{{Reflist}}~~

	===Related qualifications===		===Related qualifications===
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	** [[CPA Australia\|Certified Practicing Accountant]] (CPA Australia)		** [[CPA Australia\|Certified Practicing Accountant]] (CPA Australia)
	** [[Chartered Global Management Accountant]]		** [[Chartered Global Management Accountant]]

			==References==
			{{Reflist}}

	{{Stub}}		{{Stub}}
	[[Category:Economic concepts]]		[[Category:Economic concepts]]

Geofferycheung at 15:11, 10 January 2012

2012-01-10T15:11:14Z

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 [[Economic calculation]] directs the actions of individual business persons. "Economic logic prevails over the technological," says Schumpeter.<ref name="schumpeter_economic_logic">[[Joseph Schumpeter]], ''The Theory of Economic Development'', trans. Redvers Opie (Cambridge, Massachusetts: Harvard University Press, 1961) 14</ref> The transition to a world standard of accounting may impart some benefits, for example: "...in more efficient functioning of [[capital markets]] and a lower [[cost of capital]] for the economy as a whole." <ref name="SFAC_8">Statement of Financial Accounting Concepts, No. 8 [http://www.fasb.org/cs/BlobServer?blobcol=urldata&blobtable=MungoBlobs&blobkey=id&blobwhere=1175821997186&blobheader=application/pdf] QC37</ref> In sum, the method of economic calculation has importance in economic analysis.
 ==References==
 {{Reflist}}
 {{Stub}}
 [[Category:Economic concepts]]

Pestergaines: +link

2012-01-01T10:16:52Z

+link

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	== Recent Developments ==		== Recent Developments ==

	Modern day capital accounting in the [[United States]] is under the standard Generally Accepted Accounting Principles (GAAP). The Securities and Exchange Commission ([[SEC]]) has proposed a movement to international financial reporting standards or [[IFRS]].		Modern day capital accounting in the [[United States]] is under the standard Generally Accepted Accounting Principles ([[GAAP]]). The Securities and Exchange Commission ([[SEC]]) has proposed a movement to international financial reporting standards or [[IFRS]].

	[[Economic calculation]] directs the actions of individual business persons. "Economic logic prevails over the technological," says Schumpeter.<ref name="schumpeter_economic_logic">[[Joseph Schumpeter]], ''The Theory of Economic Development'', trans. Redvers Opie (Cambridge, Massachusetts: Harvard University Press, 1961) 14</ref> The transition to a world standard of accounting may impart some benefits, for example: "...in more efficient functioning of [[capital markets]] and a lower [[cost of capital]] for the economy as a whole." <ref name="SFAC_8">Statement of Financial Accounting Concepts, No. 8 [http://www.fasb.org/cs/BlobServer?blobcol=urldata&blobtable=MungoBlobs&blobkey=id&blobwhere=1175821997186&blobheader=application/pdf] QC37</ref> In sum, the method of economic calculation has importance in economic analysis.		[[Economic calculation]] directs the actions of individual business persons. "Economic logic prevails over the technological," says Schumpeter.<ref name="schumpeter_economic_logic">[[Joseph Schumpeter]], ''The Theory of Economic Development'', trans. Redvers Opie (Cambridge, Massachusetts: Harvard University Press, 1961) 14</ref> The transition to a world standard of accounting may impart some benefits, for example: "...in more efficient functioning of [[capital markets]] and a lower [[cost of capital]] for the economy as a whole." <ref name="SFAC_8">Statement of Financial Accounting Concepts, No. 8 [http://www.fasb.org/cs/BlobServer?blobcol=urldata&blobtable=MungoBlobs&blobkey=id&blobwhere=1175821997186&blobheader=application/pdf] QC37</ref> In sum, the method of economic calculation has importance in economic analysis.

Huckelberry: wikify

2011-05-08T00:14:32Z

wikify

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	'''Accounting''' is the method by which an organization measures the use of [[asset\|assets]] and [[liability\|liabilities]] against [[money]]. It is an indispensable tool and prerequisite to modern day capitalism.<ref name="weber">[[Max Weber]], ''General Economic History'', trans. Frank H. Knight (New York, NY: Collier Books, 1961) 208-209</ref> Double book entry accounting is a method by which every economic action must affect two accounts so that they balance in the equation:<blockquote>'''[[Asset\|Assets]] - [[Liability\|Liabilities]] = Equity'''</blockquote>		'''Accounting''' is the method by which an organization measures the use of [[asset\|assets]] and [[liability\|liabilities]] against [[money]]. It is an indispensable tool and prerequisite to modern day capitalism.<ref name="weber">[[Max Weber]], ''General Economic History'', trans. Frank H. Knight (New York, NY: Collier Books, 1961) 208-209</ref> Double book entry accounting is a method by which every economic action must affect two accounts so that they balance in the equation:<blockquote>'''[[Asset\|Assets]] - [[Liability\|Liabilities]] = [[Equity]]'''</blockquote>
	== Recent Developments ==		== Recent Developments ==

Huckelberry: wikify; edit

2011-05-08T00:04:48Z

wikify; edit

← Older revision		Revision as of 00:04, 8 May 2011
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	'''Accounting''' is the method by which an organization measures the use of [[assets]] and [[liabilities]] against [[money]]. It is an indispensable tool and prerequisite to modern day capitalism.<ref name="weber">[[Max Weber]], ''General Economic History'', trans. Frank H. Knight (New York, NY: Collier Books, 1961) 208-209</ref> Double book entry accounting is a method by which every economic action must affect two accounts so that they balance in the equation:<blockquote>'''Assets - Liabilities = Equity'''</blockquote>		'''Accounting''' is the method by which an organization measures the use of [[asset\|assets]] and [[liability\|liabilities]] against [[money]]. It is an indispensable tool and prerequisite to modern day capitalism.<ref name="weber">[[Max Weber]], ''General Economic History'', trans. Frank H. Knight (New York, NY: Collier Books, 1961) 208-209</ref> Double book entry accounting is a method by which every economic action must affect two accounts so that they balance in the equation:<blockquote>'''[[Asset\|Assets]] - [[Liability\|Liabilities]] = Equity'''</blockquote>
	== Recent Developments ==		== Recent Developments ==

Huckelberry at 00:03, 8 May 2011

2011-05-08T00:03:18Z

← Older revision		Revision as of 00:03, 8 May 2011
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	'''Accounting''' is the method by which an organization measures the use of [[assets]] and [[liabilities]] against [[money]]. It is an indispensable tool and prerequisite to modern day capitalism.<ref name="weber">[[Max Weber]], ''General Economic History'', trans. Frank H. Knight (New York, NY: Collier Books, 1961) 208-209</ref> Double book entry accounting is a method by which every economic action must affect two accounts so that they balance in the equation:<blockquote>'''Assets - Liabilities = Equity'''</blockquote>.		'''Accounting''' is the method by which an organization measures the use of [[assets]] and [[liabilities]] against [[money]]. It is an indispensable tool and prerequisite to modern day capitalism.<ref name="weber">[[Max Weber]], ''General Economic History'', trans. Frank H. Knight (New York, NY: Collier Books, 1961) 208-209</ref> Double book entry accounting is a method by which every economic action must affect two accounts so that they balance in the equation:<blockquote>'''Assets - Liabilities = Equity'''</blockquote>
	== Recent Developments ==		== Recent Developments ==

RayBirks: offset equation, due to its importance and vast misunderstanding

2011-02-06T19:33:10Z

offset equation, due to its importance and vast misunderstanding

← Older revision		Revision as of 19:33, 6 February 2011
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	'''Accounting''' is the method by which an organization measures the use of [[assets]] and [[liabilities]] against [[money]]. It is an indispensable tool and prerequisite to modern day capitalism.<ref name="weber">[[Max Weber]], ''General Economic History'', trans. Frank H. Knight (New York, NY: Collier Books, 1961) 208-209</ref> Double book entry accounting is a method by which every economic action must affect two accounts so that they balance in the equation: Assets - Liabilities = Equity.		'''Accounting''' is the method by which an organization measures the use of [[assets]] and [[liabilities]] against [[money]]. It is an indispensable tool and prerequisite to modern day capitalism.<ref name="weber">[[Max Weber]], ''General Economic History'', trans. Frank H. Knight (New York, NY: Collier Books, 1961) 208-209</ref> Double book entry accounting is a method by which every economic action must affect two accounts so that they balance in the equation:<blockquote>'''Assets - Liabilities = Equity'''</blockquote>.

	== Recent Developments ==		== Recent Developments ==

Huckelberry at 19:09, 6 February 2011

2011-02-06T19:09:57Z

← Older revision		Revision as of 19:09, 6 February 2011
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	Modern day capital accounting in the [[United States]] is under the standard Generally Accepted Accounting Principles (GAAP). The Securities and Exchange Commission ([[SEC]]) has proposed a movement to international financial reporting standards or [[IFRS]].		Modern day capital accounting in the [[United States]] is under the standard Generally Accepted Accounting Principles (GAAP). The Securities and Exchange Commission ([[SEC]]) has proposed a movement to international financial reporting standards or [[IFRS]].

	[[Economic calculation]] directs the actions of individual business persons. "Economic logic prevails over the technological," says Schumpeter.<ref name="schumpeter_economic_logic">[[Joseph Schumpeter]], ''The Theory of Economic Development'', trans. Redvers Opie (Cambridge, Massachusetts: Harvard University Press, 1961) 14</ref> The transition to a world standard of accounting may impart some benefits, for example: "...in more efficient functioning of [[capital markets]] and a lower [[cost of capital]] for the economy as a whole." <ref name="SFAC_8">Statement of Financial Accounting Concepts, No. 8 [http://www.fasb.org/cs/BlobServer?blobcol=urldata&blobtable=MungoBlobs&blobkey=id&blobwhere=1175821997186&blobheader=application/pdf] QC37</ref> In sum, ~~an economist should care about~~ the method of economic calculation ~~required of the businesses of their respective countries~~.		[[Economic calculation]] directs the actions of individual business persons. "Economic logic prevails over the technological," says Schumpeter.<ref name="schumpeter_economic_logic">[[Joseph Schumpeter]], ''The Theory of Economic Development'', trans. Redvers Opie (Cambridge, Massachusetts: Harvard University Press, 1961) 14</ref> The transition to a world standard of accounting may impart some benefits, for example: "...in more efficient functioning of [[capital markets]] and a lower [[cost of capital]] for the economy as a whole." <ref name="SFAC_8">Statement of Financial Accounting Concepts, No. 8 [http://www.fasb.org/cs/BlobServer?blobcol=urldata&blobtable=MungoBlobs&blobkey=id&blobwhere=1175821997186&blobheader=application/pdf] QC37</ref> In sum, the method of economic calculation has importance in economic analysis.