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Accounts Manager Position A proposal has been made at Diversico Management & Consulting Inc. to employ a person for the new position of Accounts Manager. The annual salary cost for the Accounts Manager position is projected to be $58,000. Before a person can be employed for the position of Accounts Manager, the Company president has demands that the Accounting Department at Diversico Management & Consulting Inc. provide evidence that the Company can afford to pay an additional $58,000 per year in salary for the new position. The stated objective for this case is to justify the capacity of the Company to fund the salary for the new Accounts Manager position…

Accounting Policy INTRODUCTION This research critiques the This research critiques the theoretical propositions advanced by Lauren KellyNewton in Accounting Policy Formula tion: The Role of Corporate Management,1 with respect to the underlying basis of the policy framework within which accounting theory is developed. In considering the basis for accounting policy formulation, KellyNewton emphasizes the changing demands of the environment within which accounting functions, and the political and social character of the accounting process, while developing a policymaking model for the profession.2 Underlying the development of a policy framework, however, is the proposition advanced by KellyNewton that the development of accounting policy and theory should be based upon positive philosophical imperatives,…

Accounting & the Use of Internal Controls This research examines the use of internal controls in accounting. To elaborate on this examination, the research covers in somewhat greater depth the internal control business model for a cash transactions operation. A discussion of the similarities and differences between the generic internal control business model for a cash transactions operation and the internal controls applied to the handling of cash in an operation of the New York City Police Department (NYPD) further extends the illustration of the application of internal controls in an accounting context. Internal controls in an accounting context refer to the system of policies and procedures established by an…

Access to Residential Mortgages Home ownership is a cornerstone of what is referred to as "the American Dream." Home ownership, however, has become an increasingly difficult objective to attain for low- and moderate-income families, individuals, and households in the contemporary United States. In response to this problem, federal agencies, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), have developed and implemented programs designed to improve access to residential mortgages for low- and moderate-income families, individuals, and households. A research study is proposed to investigate the effectiveness of these programs. Throughout the remainder of this study, the term "households" is used…

Abstract of Fedpoint 45 This is an article critique of "Fedpoi This is an article critique of "Fedpoint 45 : Reserve Requirements." The information found within the article is accurate but incomplete and outdated. "Fedpoint 45" covers the uses and implications on monetary policy of reserve requirements. It does not include information on methods used by banks to avoid required reserves or their ineffectiveness. "Fedpoint 45" overstates the importance of reserve requirements and does not include the reasons for the decreasing effectiveness of reserve requirements in the United States today. "Fedpoint 45" gives well written, easily understood definitions of terms used by the Federal Reserve Board. It does not give…

A Critique of The Anti-Globalization Movement A Critique of the Anti-Globalization Movement (59284) "CORPORATION, n. An ingenious device for obtaining individual profit without individual responsibility". -Ambrose Bierce, The Devil's Dictionary (1911) On April 15, 2005 Reuters published an article entitled "Emerging Nations Push for More Say in Global Lenders" (www.nyt.com). The article quotes the chairman of the Group of Twenty-Four (an organization of poor Third World countries) on the appointment of Iraq War architect, neocon, and currently Defense Department Undersecretary Paul Wolfowitz to the position of World Bank President. "I was not consulted as concerns the nomination of Mr. Wolfowitz, so I cannot say I am satisfied or happy about…

A Critical Overview of the IMF and the World Bank A Critical Overview of the IMF and the World Bank The World Bank and the International Monetary Fund (IMF) were both created at the Bretton Woods Conference in 1944. The initial impetus for establishing both the World Bank and the IMF was to create a mechanism that was to rebuild Europe after the devastation of World War II (The World Bank Group: Overview, 2001). With 183 member nations, these institutions have played an increasingly significant role in the economic development initiatives undertaken across the globe. The first World Bank loan, in the amount of $250 million went to France in…

A comparion of Elementary Schools:Performance and Income The following review of the literature addresses the topic of comparing high performing, high poverty, and low performing, high poverty elementary schools. The United States academic status, school reform, standards in elementary schools, adoption of reform and standards, instructional strategies, and summary and conclusion are presented. The United States falls behind other countries with regard to educational performance in mathematics and science scores. There is a concern and efforts to ensure that U.S. schools are not left behind in academic status (Liebmann, 2003). Weckstein (2003) reported that implementation of the No Child Left Behind Act results in schools being academically assessed for accountability.…

A Case for High Debt Debt tends to have a negative connotation in most people's mind. In personal finance it represents assets that will need to be given away later in life. But corporations have an unlimited life span. This, and other factors, gives management the option to make debt a permanent part of the company's capital structure. In a regulated, mature industry such as a public utility, this can have many wealth-enhancing benefits for the stockholders. The fundamental law that applies to all financial analysis is the law of arbitrage. An action should be taken if it yields the highest possible return for the risk involved. If an investment…

A Brief Analysis of the History of the Federal Reserve System from 1967 to 1997 A Brief Analysis of the History of the Federal Reserve System from 1967 to 1997 When the Federal Reserve Act was created just past the turn of the century, the intent was to grant the Fed only one basic tool of monetary policy, the control of discount loans to member banks (Mishkin 1997). These powers were broadened during the Great Depression when the Board of Governors was given the authority to control the Reserve Funds (Mishkin 1997). From 1960 on, the Federal Reserve has assumed even greater powers, and the accrual of these powers is…