Accounting

Thinking Critically
The measurement and reporting of intellectual capital has recently attracted a growing interest from accounting researchers, promoting a lively and far-reaching debate. Two related issues have informed this debate. It is possible to identify these issues as exemplifying financial reporting and management accounting perspectives on the emergence of intellectual capital.Provides a commentary on the progress of the debate to date, while also attempting to contextualize some of the issues it entails in both earlier and wider debates. In an effort to progress the project of accounting for intellectual capital, suggests the adoption of a critical accounting perspective. This would entail exploring the possibilities of intellectual capital providing its own accounts,rather than remaining imprisoned within accounts devised by others.
Computing in the business world
Traditional businesses still view the Web as something that is “not serious,” particularly in terms of truly massive business moves. However, as the technology advances and the user base of the Internet expands, things are starting to shift towards the Web more and more. Cloud computing can allowa company to leverage the power of the Internet to its advantages, finding ways to satisfy the fickle interests of millions of potential customers. Whether it is social tools, databases or other technologies, the cloud is expanding and a smart company will find ways to position itself inside to make the most of the opening.
Some companies and experts are also predicting an increased tolerancein the business world for innovation and experimentation. While innovation and the introduction of new concepts has always been part of business, the problem has been that most companies are slow to accept change unless it shows itself to be viable in the long-term very quickly. Cloud computing may cause this to change, as the open nature of it will promote a faster exchange and implementation ofideas that more traditional mindsets may find difficult to keep up with.
Changes in how business do business thanks to cloud computing may make slower, more methodical companies find themselves easily outpaced by their competitors. The technology will continue to push forward and force companies to adapt, particularly if they need to deal with the IT industry frequently. The change thatexperts see coming may be slow to arrive, but it is coming.
Do the math
Owner’s equity can be expressed as fraction as a fraction of the total equities. It can also be expressed as a decimal. Consider the following example:
Asser Liabilities Owner’s Equity
$10.000 = $9.000 + $1.000

Owner’s equity is equal tc 1/10, or 10percent, of the total equities:
Owner’s Equity / Total Equities
= $1,000 / $10,000
= 1/10 / $9.000
= 0.10 /$1.000
Convert the following fractions into decimals.
1. 1/2= .5
2. 1/5= .2
3. 1/3= .333
4. 4/5= .8
5. 7/8= .875
6. 7/10= .25/100.
Convert the following decimals into fractions.
7 0.889= 889/1000
8 0.60 = 6/10
9 0.375= 375/1000
10 0.25 = 25/100
11 0.667= 667/1000
12 0.75 = 75/100

Problem 3-1 Balancing the AccountingEquation
Instructions Determinate the missing dollar amount indicated by the question mark in each equation. Write each missing amount in your working paper.
ASSETS = LIABILITIES + OWNER’S EQUITY
1. $17.000 = $7.000 +...