reflection paper

Submitted By mokahashish1
Words: 475
Pages: 2
Open Document
Mohamed Hashish
Acc 420 – H
April 2nd, 2015
Reflection Paper Exam 2

During this portion of class, I have learnt a lot new accounting concepts and standards about Leases, Pensions and taxes. All this new information will be helpful later on when making investment and credit decisions. In chapter 15, I have learnt that there are two types of leases; capital and operating lease. And I have also learnt how to classify any lease and explain the basis for each of the criteria and conditions used to classify these leases. E.g. One of the four criteria for a capital lease specifies that the lease term be equal to or greater than 75% of the expected economic life of the leased property. The remaining three criteria are if the present value of the minimum lease payments were equal to or greater than 90% of the fair value of the asset or there is transfer of ownership and finally if the lease has a bargain purchase option. In this chapter I have also learnt how to account for any type of lease whether from a lessee or a lessor perspective and Record all transactions associated with those leases by both the lessee and lessor.

In Chapter 16, I have learnt how to account for income taxes. I can now describe the types of temporary differences, which originate in one period and reverses, or turns around, in one or more later periods, and cause deferred tax liabilities. Deferred taxes are a huge topic and many things to cover, in class we learnt why permanent differences have no deferred tax consequences and how a change in tax rates affects the measurement of deferred tax amount.

In Chapter 17, I have learnt about pension plans and other post-retirement benefits. To begin with, there are five components of post-retirement benefit expense and those are (1) Service cost, (2) interest cost (3) expected return on plan
Show More

Related Documents: reflection paper

Reflection Paper

Running head: REFLECTION PAPER 1 Sarah Routt Reflection Paper Saint Leo University REFLECTION PAPER 2 Reflection Paper Integrity is honesty and truthfulness. "Research has identified five dimensions that make up the concept of trust...Of these five dimensions, integrity seems…

Words 299 - Pages 2

Reflection Paper On Reflection

My Reflection Norris Wise Jr. Franklin University Author Note It’s been along time…long time coming…but I know…it’s time for change. My Reflection Initially my team started out in the storming stage. With 3 members missing, a tentative fourth member, needless to say this was a disaster in progress. Working together with my fellow team member to get things together & organized seemed to be more of a confused battle, than rampant chaos. The first…

Words 787 - Pages 4

Reflection paper

Reflection paper Housing and Community A number of article and movies have been published and produced, analyzing the social environment, changes that occur, and effects of these changes. The articles and movies in most cases conclude by providing intervention techniques that can be employed to facilitate normalcy amid the changes. This paper reviews examples of such articles and films, describing the thoughts, support or criticism and conclusions that can be drawn out of such articles…

Words 609 - Pages 3

Reflection paper

Eddie Raasch Reflection Paper 2-2-2012 I would have to say that I agree with Patti Valkenburg and Jochen Peter. The reason I agree with them is based that I have grown up in the age of technology and have had many experiences with what the discussion of the articles was saying. I feel that social interaction is very important but it can be subject to the individual feels as well as how the approach themselves as individuals. I feel that as long as the person is able to create a balance…

Words 455 - Pages 2

Reflection Paper

Business Communication Reflection Paper Worked Well and Suggestions for Improvement Business Communication has been an amazing course for me. I enjoyed every single class and the most important I learnt lots of new useful information and skills. As I am still struggling with the public presentations I would suggest introducing more projects in which students can present them in from of the class. It can be 5 minutes projects on diverse topics just to help improve students ability to speak in front…

Words 464 - Pages 2

Reflections Paper

27th January, 2015 – BUS 488: Teamwork and Group Dynamics Reflections Paper: Sergio Puig After completing the Team Charter with my team and, of course, having decided some of the important issues and concepts that will guide our project, I am going to start analyzing my results. First of all, my StrengthsFinder outcomes from my assessment listed in order are: EMPATHY, INCLUDER, POSITIVITY, INDIVIDUALIZATION and ARRANGER. Throughout the entire project I am going to try to exercise and improve each…

Words 655 - Pages 3

Reflection Paper

Reflection Paper Samantha Haun My relationship with money can be defined with one word, hard. I know that we have to be careful with funds, especially when we have to be careful having little of it, but if we do has the Lord commands, everything will be alright in the end. I try to be conservative with my funds, but I often find myself putting money where I could have spent better. Right now, I’m simply saving for school, slowly getting my degree done. I’m able to pay for all my classes with my minimum…

Words 715 - Pages 3

Reflection Paper

Reflection Paper PCN 500 July 26, 2010 Lynn Lunceford, Psy.D. Holly Willis A counseling theory has certain qualities, such as clear operational definitions so that it can be tested further. To be most useful, a counseling theory should be parsimonious yet comprehensive enough to include known related empirical findings. It should stimulate new discoveries and predict events deductively within its purview and preview. A counseling theory also should serve an organizing and explaining function…

Words 1008 - Pages 5

Reflection Paper

Course Reflection K Carter COMM-1000-10 7/14/2011 Professor Dagraca Abstract This paper is an overview of the things that I have learned throughout the course of this class. I have learned the different methods that communication will affect the career path I decide to take. When looking back on the quarter, I have learned a lot regarding the research of my desired career. Not only learning, but utilizing the knowledge and experiences gained…

Words 679 - Pages 3

Reflection paper

REL 304 Spring 2014 Reflection Paper 1 - (Daniel 6:1-28) This passage describes what happened to a young man who had purposed to serve God with his whole heart and would not compromise his convictions. This man, Daniel, found favor not only with God but with the king as well. The king was planning to set him in a higher place of authority over the whole kingdom when some jealous men tried to destroy him, but their plan failed and they were destroyed instead. Daniel, who had come to Babylon as…

Words 932 - Pages 4