What is 'window dressing' in accounting and finance?
It is making a situation appear better than it actually is. For example, in the case of a US firm with a foreign subsidiary...the firm may want to borrow money in the foreign country because the rates are lower there. So the firm makes the subsidiary profits appear better than they actually are so it is easier to get a loan in that country.
Window Dressing in accounting refers to fudging the financial statements to throw a sound financial position and rosy picture about a company. It is not an illegal practise yet it is unethical. There are various reasons for manipulating the financial statements.Ways in which one conducts accounting gimmicks are: 1. Income Smoothing 2. Changing Depreciation policy 3. Changing Stock Valuation policy etc Detailed information is available at: http://financenmoney.in/financial-statements-window-dressing-and-accounting-frauds/
Raymond Brockington has written: 'Dictionary of accounting and finance' -- subject(s): Dictionaries, Accounting, Finance 'Financial Accounting (M & E Higher Business Education Series)' 'Accounting for Intangible Assets' -- subject(s): Accounting, Intangible property 'A concise dictionary of accounting and finance' -- subject(s): Dictionaries, Accounting, Finance
For finance and accounting you have to admit in any finance school that provides finance and accounting related education. Recently i have joined Global Finance School. It is the world's easiest way to learn finance, with numerous e-books and interactive courses designed for beginners in six languages. http://www.globalfinanceschool.com
Finance Accounting software is a thing of the past. Nowadays one buys finance accounting services on-line. This saves the user from having to maintain on-site backup solutions and software updates. Peachtree and Quickbooks where well known software packages. Online accounting can be found at for instance Kashoo.
Michael H. Granof has written: 'Government and not-for-profit accounting' -- subject(s): Nonprofit organizations, Accounting, Public Finance, Standards 'Financial accounting : principles and issues' 'Government and Not-For-Profit Accounting' -- subject(s): Accounting, Nonprofit organizations, Public Finance, Standards
In most colleges both subjects are interchangeable. However, accounting plays a major role in finance because when it comes down to crunching numbers, that is accounting. I terms of corporate finance, that is basically accounting. When you watch CNBC, Bloomberg, FOX Business channel, etc. and analyst or executives talk about the "fundamentals." They are referring to their balance sheet or income sheet. Those two forms, are accounting forms done by their accountants and their CFO…
Roger F. Sies has written: 'Self monitoring accounting systems' -- subject(s): Accounting, Auditing, Data processing, Finance, Public, Public Finance, Quality control, United States, United States. General Accounting Office 'Manager's Guide for Monitoring Data Integrity in Financial Systems' -- subject(s): Accounting, Auditing, Data processing, Finance, Public, Public Finance, Quality control
What is the difference between a master of science in accounting and a master of accounting and finance degree?
Well in accounting they study the same amount and types of math as in finance but a master of accounting is specifically for accounting. You can use an accounting degree to enter finance and you will see a similar pay, how ever it is not the other way around. But with a specific degree in finance you have basically exact salaries but better chances of adcancing in the company. With both a master of accounting…
Dean Michael Mead has written: 'What else you should know about a government's finances' -- subject(s): Accounting, Financial statements, Local finance, Public Finance 'An analyst's guide to government financial statements' -- subject(s): Accounting, Financial statements, Public Finance 'What you should know about your local government's finances' -- subject(s): Accounting, Financial statements, Local finance 'The quick guide to local government financial statements' -- subject(s): Accounting, Financial statements, Local finance
Window dressing can be used by companies and mutual funds. A company can use window dressing when preparing financial statements to improve the appearance of its performance or liquidity. In this case, window dressing may consist of changing asset depreciation or valuation policies, making short-term borrowings, or engaging in sales and leaseback transactions at the end of a period. By doing so, management embellishes the company's results or liquidity and obtains some benefits. Other examples…
Accounting generally refers to how transactions are recorded and reported. Finance generally relates to initiating transactions to aid in cash, investment and other working capital management - including interest and foreign exchange hedging. Some senior accounting or finance staff have cross-over in their jobs and perform both tasks.
Robert W. McGee has written: 'How free should trade be?' 'Accounting Reform in Transition and Developing Economies' 'Commentaries on Law & Public Policy, 1998 Yearbook (Commentaries on Law & Public Policy)' 'Commentaries on the Law of Accounting & Finance, 1998 Yearbook (Commentaries on the Law of Accounting & Finance)' 'A trade policy for free societies' -- subject(s): Free trade, Dumping (International trade), Protectionism 'Accounting for data processing costs' -- subject(s): Electronic data processing departments, Accounting…
commerce relates to the trade activities, exchange of commodities etc while finance deals with budgeting, accounting,bookkeeping etc finance is a subject in commerce. commerce is business,marketing,accounting,controlling these activities while finance is focussed function related to inflows n outflows