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President Obama on Tax Cuts and Unemployment Extension. Youtube. N.p., n.d. Web.
     18 Jan. 2011. <www.youtube.com.... this
     video lets viewer know what president obama has decide to do with the bush  tax cut. he intends to extend the bush tax cuts for two more years but at  the sam time he lets the viewer know that he does not agree with what he
     agreed to do. also viewers can aslo learn about what he did to unemployment to.
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Edwards, Chris. "Tax Policy Under President Bush." Tax Policy Under President
     Bush: Chris Edwards :Cato Institute ... N.p., 14 Aug. 2006. Web. 11 Jan.
     2011. <www.cato.org.... the whole
     reason for this article is to show readers what the tax policy were under
     when Bush became president and also what he did in the tax area, and what
     he also did in congress.
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Federal Tax Brackets." Tax Brackets (Federal Income Tax Rates) 2000 through
     2010. N.p., n.d. Web. 11 Jan. 2011. <www.moneychimp.com...
     features/tax_brackets.htm>. the whole purpose of this website is to show
     people how much they would get taxed in a certain year and also to see how
     much they have saved in other years.

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"Tax Cuts, Not the Clinton Tax Hike, Produced the 1990s Boom." Tax Cuts,
     Not the Clinton Tax Hike, Produced the 1990s Boom :The . N.p., 4 Mar. 2008.
     Web. 11 Jan. 2011. <www.heritage.org...
     tax-cuts-not-the-clinton-tax-hike-produced-the-1990s-boom>. This website
     talks about what the Clinton tax of 1993 was and what it did. it also tells
     you why president Clinton did it and also what the economy was in 1993.
     also if a reader wanted to know about the tax hike in 1993 this cite would
     be useful because it gives you background information which a lot of sites
     don't do.

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CNBC. "Obama Unveils Broad Accord To Extend All Bush Tax Cuts." Extend Bush Tax
     Cuts. N.p., 7 Dec. 2010. Web. 5 Jan. 2011. <www.cnbc.com...
     40537832/Obama_Unveils_Broad_Accord_To_Extend_All_Bush_Tax_Cuts>. this
     article tell the readers about what obama key elements of the Obama/GOP
     deal, which are Two-year extension of all Bush tax cuts, Dividends and
     payroll tax would remain at 15 percent, A 13-month extension of
     unemployment benefits, A two percentage point cut in the payroll tax for
     one year, A one-year cut in Social Security taxes, An estate tax at 35
     percent with a $5 million exemption, proposed by Republicans. even though
     president obama did not agree with some of the key elements in the long run
     it was a good idea to agree with them just because he didn't want to see
     everyone income tax to be greater than it is now. also through this article
     people can see what people argued about and why. 
     

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Bekaert, Cherry. "Two-Year Extension of Bush-Era Tax Cuts Becomes L." Tax,Tax
     Relief Act of 2010. N.p., 21 Dec. 2010. Web. 5 Jan. 2011.
     <economy.cbh.com...
     two-year-extension-of-bush-era-tax-cuts-becomes-law/>. this article
     talks about the bush tax cuts. and according to this article the president
     obama signed into law that the bush tax cuts were to be extend. obama also
     signed Tax Relief, Unemployment Insurance Reauthorization and Job Creation
     Act of 2010. the article also tells the reader how it effect education,
     elderly, and other tax rates. the tax extension doesn't just help
     individuals but it also helps business and corporations.

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Viard, Alan. “The Myth of a Return to Clinton-era Taxes.” The Myth of a Return to Clinton-era Taxes — The American, A ... Boardroom, 15 Sept. 2010. Web. 24 Oct. 2010. <www.american.com...‌archive/‌2010/‌september/‌the-myth-of-a-return-to-clinton-era-taxes>. In a major speech about the economy last week, President Obama reiterated his support for letting most of the Bush tax cuts expire for taxpayers with incomes above $200,000 ($250,000 for married couples), while making the tax cuts permanent for all other taxpayers. so this mean that the lower and middle class will still be the same but the upper class will have to be paying more. according to this article under the presidental top bracket will rise to 39.6 percent. A stealth provision that phases out high-income taxpayers’ itemized deductions will also be reinstated, adding another 1.2 percentage points to the effective tax rate, bringing it to 40.8 percent. Wages and some of the pass-through income will also remain subject to a 2.9 percent Medicare tax. another plan is Under the president’s plan, in 2011 and 2012, the top rate on gains, now 15 percent, will go to 20 percent, with the stealth provision adding 1.2 percentage points, sending the tax back to its 1997–2002 level of 21.2 percent. Starting in 2013, though, capital gains will also be hit by the UIMC, pushing the rate to 25.0 percent.

 

 

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Sahadi, Jeanne. “Your income taxes: What the candidates want.” Candidates’ plans for your income taxes - Dec. 12, 2007. CNN, 12 Dec. 2007. Web. 24 Oct. 2010. <money.cnn.com...‌2007/‌12/‌12/‌pf/‌taxes/‌campaign08_incometax_proposals/‌index.htm>. The funny thing about taxes is when you put one in affect  you can never please everyone. they either say its  unfair, comples, the economy not ready for it ..... The reuplicans want taxes lowered for everyone which isnt a bad idea. they think that lower taxs will generate an economic growth in turn will generate more tax revenue. accordint to this website the people who want to raise taxes would be the demeocrats. apprantly claim those groups aren’t paying their fair share and were the ones most handsomely rewarded by the Bush tax cuts. Those who do not want higher taxes note that those in the top 1 percent of taxpayers (those making more than $250,000) - already pay roughly 40 percent of all federal income tax revenue collected, while those in the top 0.5 percent (those making more than $500,000) pay close to 30 percent of all income tax revenue. Taxing them more, critics say, may have the inverse effect of lowering federal tax receipts because they will seek more ways to shelter their money from taxes.

 

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Prante, Gerald, and Alicia Hansen. “Comparing Income Taxes under Bill Clinton and George Bush.” The Tax Foundation - Comparing Income Taxes under Bill Clinton and George Bush. N.p., 19 Feb. 2008. Web. 23 Oct. 2010. <www.taxfoundation.org...‌blog/‌show/‌22958.html>. accordint this article people are talking about the Bush Tax Cuts brecaus if the expire we will have the same taxable income as we did in clinton era or we will stil have the BushTax cuts  just with Obama. through this article reader  can find out that under George Bush are lower than income taxes under Bill Clinton, and it relies on Tax Foundation data to make this comparison. even though this comparison is correct (federal income taxes have indeed fallen under George Bush for groups at all points on the income spectrum).

 

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Perry’s, Mark J. “Comparing Income Taxes: Clinton VS. Bush.” CARPE DIEM: Comparing Income Taxes: Clinton VS. Bush. N.p., 6 Feb. 2008. Web. 23 Oct. 2010. <mjperry.blogspot.com...‌2008/‌03/‌comparing-income-taxes-clinton-vs-bush.html>. Despite all of the political rhetoric about “tax cuts for the rich” and the “middle class squeeze,” a recent analysis by the Tax Foundation shows that federal income taxes have fallen for groups at all income levels as a result of the Bush tax cuts, compared to the 1999 tax rates under Clinton. which means that we have saved more money. the group tyhat saved the most money was the married group with 50,000 of houehold income. this means that they pais 21 percent less under the Bush era the hey were the Clinton era. Well rumor has it that Obama is willing to extend the Bush Tax Cuts but only for the lower, and midddle class and not for the upper and people in the upper class are having issues with that

 

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Kistner, William G. “Clinton’s deficit-reduction package and your income taxes.” Clinton’s deficit-reduction package and your income taxes ... N.p., June 1993. Web. 23 Oct. 2010. <findarticles.com...‌p/‌articles/‌mi_m3257/‌is_n7_v47/‌ai_14466039/>. Presiden Clinton defecit -reducimg package proposes a 36 percent tax rate on taxacibe income exceeding 115,000 (single), 127,500(head oh household,$140,000 (married filing jointly),  $70,000 (married filing separately),$5,500 (estates and trusts). this package would also include a 10 percent 10 percent surtax on the tax attributable to taxable income (other than capital gain income) in excess of $250,000 (individuals except as noted below), $125,000 (married filing separately),  $7,500 (estates and trusts).

 

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Erickson, Erick. “The Facts About the Bush Tax Cuts.” The Facts About the Bush Tax Cuts : RedState. N.p., n.d. Web. 23 Oct. 2010. <www.redstate.com...‌erick/‌2010/‌07/‌27/‌the-facts-about-the-bush-tax-cuts/>. according to erick the reason why the Bush Tax Cuts were put in effectivewas because it was the rsponse to a recession occurring as George W. Bush and Dick Cheney entered office. also apprantly the Bush Tax cut instead of creating  temperary government job, subsidizing the expansion... it cut tax rates, increased the child tax credit, increased the standard deduction for married couples, and increasing contribution caps for a variety of savings programs.  also under the Bush Tax Cuts people who are consider rich have been paying more taxes in 2005 then they have in 20 years.

 

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“Economists: Extend Bush Tax Cuts for Everyone.” Economists: Extend Bush Tax Cuts for Wealthy, Middle Class - Sep ... CNN, 19 Sept. 2010. Web. 24 Oct. 2010. <money.cnn.com...‌2010/‌09/‌19/‌news/‌economy/‌what_to_do_economists_survey/‌index.htm>. The thing about the bush tax cuts is what to do with them. some say let them expie outher say keep the. one  opion for the bus tax cuts is to let it pass but let it expire for the 3 perecent richest. which seems like a good idea if you are not rich. othes say that if you are gong to renew the bush tax cuts that you have to renew them for every one. Three economists surveyed say,“extend the tax cuts only for the lower- and middle-income taxpayers, but allow it to go up on those in the top two brackets -- individuals making more than $200,000 a year or couples earning $250,000 or more. That limited increase in taxes would raise an estimated $700 billion over the next 10 years.” in the end it all up to the president and what he will do.

 

 

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Lerner, J. J. (2007). Assets, Liabilities, and Capital. In Bookkeeping and Accounting (4th ed., pp. 3-14). McGraw-Hill Companies.

In this book readers learn about formulas for bookkeeping if you were to be an accountant in a firm or a business. One of the formulas that accountants must learn is that assets equal liabilities plus owners equity. So this mean is if some one says your assets are worth  $99,000 make sure they are right by adding up your liabilities that are $80,000 plus your owner’s equity that are $20,000 which comes to a grand total of $100,000. So  in another words accountant can make mistake so if you know what you are doing always check because you might get less then what you deserve. This book also teaches you what assets, liabilities, and owner’s equity is. Liabilities is money owed to an outsider. Owners equity is the interest of the owners in the business. It is also the difference between assets and liabilities. Assets are items owned by a business that have money value. Must Assets equal up to what the cash plus supplies plus equipment cost and that is usually what your assets should be. Most assets are worth usually in the thousand range. This book should be read  because it shows the reader and anyone  how exactly the people who are finding how much thing cost the formulas and how they come up with what everything should be cash wise.

 

 

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Satow, J. (2010, June 22). New Accounting Rules Ruffle the Leasing Market. The New York Times. Retrieved from www.nytimes.com...‌2010/‌06/‌23/‌realestate/‌commercial/‌23fasb.html?_r=1&ref=accounting_and_accountants

This article is about how the accountant business is making new rules that will hopeful be in effect as of 2013. The major point to this  plan all happening is leasing accountants. Which requires business to book leases as assets and liabilities on their own balance sheet. By doing this the companies and business will have to one. three trillion dollars  in leases on their very own balance sheets, according to estimates by the  Securities and Exchange Commission. But some private companies that follow the GAAP accounting will have to lease around two trillion dollars. The purpose of this rule changing is to stop  “significant off-balance-sheet activity for leases,” said Russell G. Golden, the technical director of FASB. The bad side about this plan is that business who are already struggling with debt loads will have a major hit if this plan is set inti motion. While this plan seems to be like its going to happen, their have been people informing clients of what is going to happen so they know what is going on. Also this doesn’t just effect clients it also effect the leases in other words If you have a 10-year lease, it will mean putting twice as much debt on the balance sheet as a five-year lease, so some companies may want to go short term,“ said Dale F. Schlather, an executive vice president for the commercial real estate company Cushman & Wakefield and chairman of the New York chapter for the industry group CoreNet Global. By reading this article people can understand that the accountant world is not all about numbers its about money and making big decisions that will effect a lot of people. 

 

 

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Siegel, J. G. (2000). Managment/‌Cost Accounting I. In Accounting Handbook (3RD ed., pp. 80-91). Barron’s Educational Series, Inc. (Original work published 1987)

Through this book and chapter readers can learn and comprehend what account management is all about  and what the difference between financial accounting and management accounting. Financial accounting  is usually mainly concerned  with  the historical aspects of  external reporting, that is providing financial information to outsides parties such as  investors, and governments. Management accounting  is about people who are mainly concerned primarily with providing  informational to internal managers who are charged with planning and controlling the operations of the firm and making a variety of other management decisions. Now that readers know what the difference’s between financial accounting and management accounting, readers can now understand what is a CMA, Certified management accountant . A CMA objective is to recognize profession by identifying the role of the managements accountant and financial management. It is also responsible for encouraging higher educational standards. Another things for readers to know is the manufacturing cost. They key terms in manufacturing cost are direct material, which is all material  that becomes an integral part of the finished project. Direct Labor is the labor directly involved in making a product or an item. Those are just a few key term that readers must know if you want to be an accountant. Other terminology readers should know is cost-accumulation system. This system is based on collecting cost and assigning them to the cost of that objective. This book should be read by anybody who is trying to go in the job profession of accounting because its provide a lot of information even just in one chapter.

 

 

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TI EU. (2010, August 6).  Accounting can change the world! [Online forum message]. Retrieved from blog.transparency.org...‌2010/‌08/‌06/‌accounting-can-change-the-world/

People say that things can change the world, well this group or organization thinks that accounting can and it very well might. We all know  the natural resources revenues flows into our government coffers and then it disappears for a short period of time then comes back again to some how become private jets, cars ... if the natural resources revenues had an accountant maybe the government would spend it money better and we wouldn’t be in so much debt as a country. Also consider this that the private-funded IASB, which deals with accounting has been setting standards for over one hundred and ten countries, which has had the power to significantly reduce the aspect for corruption and  support the socially-responsible management of natural resources wealth.  There are many people who think having an accountant in the natural resources revenues is a bad idea but so,me examples to show why it is a good idea is. Because instead of finding our own oil we go to the late San Abacha, the president of the oil-rich in Nigeria between 1993-1998 and with the united states asking for oil then finding it our selves we have spent around two to five billion public wealth, which we could have spent on something else. The reason why accounting  can change the world because if people can budget their money better then we wouldn’t be in such debt. This is why I suggest to readers to read this blog about accounting

 

 

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Beutler, Brian. “Unless Obama Lets All The Bush Tax Cuts Expire, Deficits Are Here To Stay (CHARTS).” Unless Obama Lets All The Bush Tax Cuts Expire, Deficits Are Here ... N.p., 27 Aug. 2010. Web. 23 Oct. 2010. <tpmdc.talkingpointsmemo.com...‌2010/‌08/‌why-the-fight-over-the-bush-tax-cuts-is-just-the-beginning.php>. the thing about whether or not to expire to the the Bush Tax Cuts is that either way it will cos us either way. The republicans want to keep the the Bush Tax Cuts for a totally cost of 3.8 trillion over a ten year spane. Democratic leaders on the Hill and in the White House, however, want to preserve most of the cuts, too, and just let the tax cuts for the wealthiest Americans expire. That would still increase deficits by about $3.1 trillion over 10 years -- not as fiscally responsible as they’d have you believe. Also thetre are graphs that lets us know that a $700 billion difference between the Democrats’ plan and the Republicans’ would not make a huge dent in the deficits.

 

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Flexibilty Theme. (2010, August/‌September). Advice for small business & new entrepreneurs [Web log post]. Retrieved from accountingsmallbusiness.net...‌advice-for-small-business-new-entrepreneurs/

In this blog reader can understand  how some one feel about starting a small business and ho accounting works into it. Most business find it difficulty to start a business in this economy It is  already bad and hard enough for people to keep up with the economy money wise, so starting a business when u need to know how to save and use your money wisely, for that to happen you need a  good accountant. If you do this then you will have a very good job and or business. A good way to start a business is to take out loans and to invest in your business and other things, to invest you need to know what you are doing so having a degree in accounting  is not a bad idea. A good business needs good profit margins and as readers have learned that an account has a good understanding with money and can help a business and may way then just one. An accountant can keep your business  running as long as you have the patient and as long you have the finical money and the the financial money for it. Even though it does not seem like it readers can acknowledge that we use math and accounting in everyday life and we especially use accounting ways and terminology to helps use run business and just to do anything important when it come to using the complicated or the simplest  version of math that we have learn in our life. People should read this blog because it give someone opinion on accounting and business and that is a good experience for people to have and to read.

 

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Financial Accounting. (1999-2010). Accounting [informational]. Retrieved August 2, 2010, from Quick MBA: Knowledge to Power Your Business database.

This website helps reader understand and comprehend with a better understanding what the basic of finical accounting is. In this website you will understand what a CPA is. A CPA is a Certified Public Account that to become a CPA one must complete an undergraduate degree in any major with 150 or more credit hours to complete the course. A 160 credit seem hard and easy to do but you can’t just get 150 credits any where 36 of them must be accounting credits. The sad Fact about getting in the profession is that only 10% pass their first time. So readers can comprehend that the exam  is really hard and that to be a CPA is no joke it’s serious stuff. Also in this website readers learn the why most and some business use the Accrual method then the Cash Method. The Accrual method is revenues and expenses that  are recorded according to when they are earned and incurred,  but that does not mean that  the cash is received or paid. People can also the two major objective that  business have, and they are  to earn a profit, and to remain solvent. The four things that a keep a business profitable and remaining solvent is a balance sheet, income statement, statement of owner equity, and statement of cash flows. Through this website readers can learn what it takes to be a CPA and that to be an accounting is no joke and that you need to know what you are doing and be good at math to get into a profession like this.

 

 

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Beating Broke. (2008, August/‌September). The Accounting Mistake that Almost Bankrupted Us [Web log post]. Retrieved from www.beatingbroke.com...‌the-accounting-mistake-that-almost-bankrupted-us/

Accountant it seems create like if you are a great accounting then you can make lot of money. But everyone makes mistakes and some mistakes have a big consequence. Apparently this one bank was doing its budget check and had around $2000 left over from Junes and so that was not a good thing.  What had happened was someone had put in a number wrong in the computer that does all the math configuration for the business and a comp0uter is only as good as the data that you enter in to it. See the problem with not rechecking you work can have massive consequences. When we do calculation on the computer or in calculators you always have to recheck because you might have put a number in wrong or in the wrong place like this guy did which got him in big trouble when he notice that he 2000 dollars left in the bank. The plus side about making mistake is learning from them but the down side is that man was unfortunately,  because  they did not have that much money laying around to pay back   and they were overspending 400 dollars a month and that is a lot. So even though accountants seem good and they are but sometimes they might enter in numbers wrong so always make sure you check your work because accountants are human to so always make sure they check their work. That is why people should read this blog because it shows people the down side to accounting and what could happen if people mess up.

 

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The Accounting Cycle. (1999-2010). Accounting [INformational]. Retrieved August 2, 2010, from Quick MBA: Knowledge to Power Your Business database.

This website is a very informational site that will show readers the steps that accounts you in heir very daily job. There are ten steps in the accounting cycle. The first step is the Identify the Transaction, during this transaction the accounts or the person dong the transaction needs to know what is going on and to say that what is going on is a transaction and get the document or what ever ready for transaction. Steps two through five are the steps where the accounts or the person in charge of the transaction makes sure that the money is equal to what it needs to be and that everything is recorded so if something goes wrong they know where it could have gone wrong. Steps six through seven are called  adjusting steps because the account has to adjust the entries are made and everything adds up once again and they also have to make a new trial balance for everyone. Steps eight through ten are the final steps. When you have gotten to those steps you can relax because the money has gone through and now all the account has to do is make sure everything is equal to what he or she thought it would be. Through this site people can have a better understanding and a better comprehensive of what accountants do everyday and the steps they take to make everything happen correctly and in a smooth manner and that is why I picked this website to learn about accounting.

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Accounting  :: WetFeet [informational]. (2008). Retrieved August 4, 2010, from UNIVERSUMUSA website: www.wetfeet.com...‌careers-and-industries/‌industries/‌accounting.aspx

This website gives you the complete run down of the big four in accounting. The big four are Deloitte Touche Tohmatsu, Ernst& Young, KMPG, and PrincewaterhouseCoopers. The big four are major corporation and or business that have 1000 companies so in other words they have a lot of employees. To get a job in the big four is like a big deal because after that you pretty much can get a job anywhere. The focus for the big four is the audit services which means they verify the accuracy of the client book. Even though the big four is a job that you want to have other firm are still good because they give you the same experience but just do not pay you as much. That why when you try to be an accountant you try your best because you want to make the  big bucks. To be an accountant is hard but awarding, either you can hang out with your own individually or be in a partnership with a business. This website should be read by  people who are trying to get into the accountant firm because it tells you the pro and cons of being in a big business. And for an accountant their job is already tough as it it so picking the right jobs needs to be a factor to. That is why I suggest to people who love math and want to be an accountant to look at this website.

 

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