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Difference between an accountant and a staff accountant?
Well, "Staff Accountant" is the name of a position whithin an accounting firm. After being a staff accountant you can become a Senior Staff Accountant, and then a Manager and ultimatelly a partner of the accounting firm. Whereas, an accountant is any person that works either in public or private accountancy.
The difference between the amount of cash on the firm's books and the amount credited to it by the bank is?
The amount of cash liquidates possessed by a firm are its assets. The amount of credit lines extended to (and available) by a firm are considered liabilities.
Can a partner freeze the bank accounts of a partnership firm?
yes
Why does paid in capital and earned capital need to be kept separate?
Paid in Capital is the amount of investment a shareholder has contributed to the business for use and earned capital is the amount of profit that has been generated by the business itself. It must be separate for investor and shareholder information so that the difference between the two can be clearly stated.
How much does a CEO of an architecture firm make annually?
The question is incomplete. Depending on where the firm is located, size of the firm, legal structure and focus there can be a substantial difference in the compensation. For example a Senior Partner at a large US firm based in NYC might make anything between $200,000 to $500,000 where as a UK Partner at a smaller firm might make about $1,000,000 or more. Increasingly firms in India, China etc. are paying their senior partners western salaries and eastern perks... overall compensations are rising sharply. Also worth noting is that most architecture firms are privately owned or partnerships and salaries arent corelated to those at limited firms. Sameer Narula (Indigo Design & Engineering Associates Pvt. Ltd.)
What is the difference in a partner and a principal of a firm?
The difference in a partner and principal of a firm is huge. A partner is an equal and a principle is the boss.
What is difference between associates and partner?
A partner is more senior to an associate. An associate is the grade below partner and basically an employee who is on the career path to becoming a partner at some point. There are different kinds of partner too. A salaried partner is a senior member of the firm. An equity partner owns a share in the firm.
Can a partnership firm be a shareholder?
no, a partnership cannot become a shareholder because shareholders are large but a partnership is only between two persons and they share only between themselves.
What is the difference between a publicly held firm and a publicly traded firm?
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What is the difference between LLP and traditional partnership firm?
Under traditional partnership firm, every partner is liable, jointly with all the other partners and also severally for all acts of the firm done while he is a partner. Under LLP structure, liability of the partner is limited to his agreed contribution. Further, no partner is liable on account of the independent or un-authorized acts of other partners, thus allowing individual partners to be shielded from joint liability created by another partner's wrongful acts or misconduct.
What is the new foreign competitors shareholder wealth-maximization of a firm?
COB
Shareholder wealth maximization is considered to be a more appropriate goal for the firm than profit maximization because?
Shareholder wealth maximization is considered to be a more appropriate goal for the firm than profit maximization
What is the difference between dissolution of partnership and dissolution of firm?
Dissolution of a Partnership firm* Dissolution of a partnership means:-The act of ending of the old Partnershipagreement and a reconstruction of the firm due to admission, retirement and death of a partner. It may or may not close the business.* Dissolution of a Partnership 'firm' means:-The firm close its business then the assets of the firm are sold and liabilities are paid off and remaining amount is distributed among the partners.*Cases of Dissolution of Partnership :-1. In case of change in profit-sharing ratio of the exiting partners.2. In case of admission of a new partner.3. In case of retirement of a partner.4. In case of expulsion of a partner.5. In case of death of a partner.6. In case of insolvency of a partner.7. In case of expiry of the period of partnership.*Cases of Dissolution of Partnership firm:-*Without the intervention of the court:1. When all partners agree to dissolve the firm.[sec.40]2. Compulsory Dissolution [sec.41]· When all or one partner of the firm becomes insolvent.· When business of the firm becomes unlawful.3. On the happening of any incidents:[sec.42]· Insolvency of a partner.· Fulfilment of the object for which the firm was formed.· Expiry of the period.4. When any partner giving notice to other partners can dissolve the firm.[sec.43 ]· By order of the court [sec.44]: cases in which the court may order the dissolution of the partnership firm.1. A partner has become of unsound mind.2. When a partner unable to perform his duties as a partner.3. When a partner is guilty of misconduct.4. When a partner wilfully, commits violation of law of partnership agreement.5. When a partner has transferred the whole of his interest in the firm to a third party.6. The firm cannot be carried on except at a loss.7. The dissolution is just and equitable due to some other reasons.*Difference between Dissolution of Partnership and Dissolution of firm:-s.no.Dissolution of partnershipDissolution of firmI.Change in the exiting agreement between the partners.Dissolution of partnership between all the partners of the firm.II.The firm continues its business.The firm dose not continue its business.III.Books of accounts may not be closed.Books of accounts have to be closed.IV.Dissolution of partnership dose not mean the dissolution of firm.Dissolution of firm means the dissolution of partnership also.V.It is voluntary nature.It is voluntary and compulsory nature.
Liquidation value of the firm asset could be considered as?
The average wealth of shareholder
What is the agency problem and how might it impact the goal of maximization of shareholder wealth?
The agency problem is a result of the separation between the decision makers and the owners of the firm. As a result managers may make decisions that are not in line with the goal of maximization of shareholder wealth.
What is the difference between firm and industry?
An industry is a type of business in the economy while a firm is a unit or entity carrying a portion of the business in an economy.
When a firm is maximizing profit what else will it maximize?
When a firm maximizes its profit, it automatically maximizes its shareholder value. When both profit and the shareholder value increase, in course of time, the overall firm value will increase. All these would undoubtely increase its share price in the market as well.
