Accounting Paper Examples

Forensic Accounting

Introduction A Forensic accountant assists an organization in unraveling issues surrounding financial problems. Mostly, his/her role involves analyzing financial information with the aim of unearthing fraud. After analyzing financial information, a forensic accountant is required to summarise and give a detailed report of his/her findings to the responsible party for implementation. Moreover, a forensic accountant […]

International Financial Reporting Standards in Kazakhstan

Introduction Global literature on accounting supplies evidence of the economic implications of accounting quality such as costs of capital (Leuz & Verrecchia 2000) as well as international capital mobility (Guenther & Young 2002). According to Land and Lang, the quality of accounting systems has improved significantly throughout the world since the 1990’s (2002). This improvement […]

Corporate Governance and Informational Disclosure on Internet Financial Reporting: The Saudi Arabia Evidence

Abstract The proposed study aims at in-depth understanding of the existing correlation between corporate governance and transparent disclosure of the internet financial reporting (IFR) in Saudi Arabian companies. This relationship will be investigated in an empirical research in order to clarify the reliability of possible impacts of corporate governance techniques on the disclosure transparency in […]

International Accounting Standards Board Relevance

Introduction The ‘International Accounting Standards Board (IASB) develops relevant standards for different accounting practices’ (Saudagaran 2011, p. 27). The IASB also promotes the application and use of different accounting standards. This agency identifies, develops, supports, and approves various International Financial Reporting Standards (IFRSs). The IFRS Foundation monitors the operations and activities of the IASB. The […]

Concept in Financial Accounting

Meaning of Full Disclosure This is a concept in financial accounting which requires release of all the facts that are material to financial statements. This is because failure to avail them may lead to misleading information in the financial statements: statement of financial position and statement of financial performance. The material facts include all the […]

Center for Audit Quality

Conducting an audit on a company’s financial statements is not an entirely popular idea. Many managers still hold the belief that conducting external financial audit is too intrusive. Thus, there are those managers who believe that conducting an audit, despite the assured benefits is counter productive. For instance, the cost of hiring auditors is too […]

Advanced Accounting Principles and Practice

Introduction The theory of positive accounting explains the manager’s choices of the specific accounting methods regarding self-interest. It also outlines the relationship among the different categories of stakeholders, and the manner in which financial accounting should be applied to minimize cost through aligning the competing interests. Therefore, this paper is a research work that describes […]

Social Accounting

Definition of social accounting According to Gray, Owen & Maunders, social accounting is the process of communicating the social and environmental effects of organizations’ economic actions to particular interest groups within the society at large. In reference to Crowther, (20) social accounting can be defined as “an approach to reporting a firm’s activities which stresses […]

Financial statement disclosures, cash and cash equivalents

A disclosure is additional information provided in a financial statement. Accounting regulations are country specific: they define a country’s accounting practice and penalties for lack of compliance. International financial reporting standards set the global benchmark for accounting. GAAP accounting principles guide USA firms. The financial accounting standard board develops GAAP as per mandate from security […]

Business and accounting

The adoption of a set of global financial accounting standards from the perspective of the UK Introduction The accounting standards and the financial reports are important in every organization. They vary from one organization to another depending on the nature and environment of the organization. Regulation of the global economy may be achieved by adopting […]

The accounting summary report for the Lemonade stand business

The accounting summary report for the Lemonade stand business is focused on the first six business days. The accounting summary report will discuss the journal, income statement and balance sheet, three key documents that a business has to have in order to perform its operations. Journal The journal for the Lemonade stand business is generated […]

Financial Accounting Theory

Entities that are accountable to the public are required to prepare the general purpose financial statements as demanded by IFRS. For an entity especially a small and medium enterprises to be publicly accountable, two conditions must be satisfied. The first condition requires that the company’s equity or debt instruments must be traded public in the […]

Basis of accounting

Explanation of the accrual basis This is an accounting principle that has numerous applications in the finance sector. This principle forms the basis of recording revenues and expenditure in an entity’s statements. This principle recognizes revenues once they become receivable. Consequently, no monetary transfer is essential for certain revenues to be included in the records. […]

International Accounting Standards

Introduction The expansion of the global interactions especially in terms of the global market is what led to the need for the enactment of international standards. Therefore, the international standards are normally developed by global or international organizations in order to regulate the operations of various processes that are carried out internationally. International standards aim […]

International Accounting

International Financial Reporting Standards (IFRS) are the set principles on how different types of financial transaction should be reflected in financial terms. The set IFRS standard ensures that business and other financial activities are carried out in the fairest way in the global business. It is a basis of financial reporting for the publicly held […]

Financial Accounting

In this paper, the author works for the Brisbane office of a firm of public accountants whose clients have made immense investment in their brand developments. Following this hefty investment, the clients encounter large amounts of expenditure to market and build their brands. Consequently, they are seeking the necessary information on whether they ought to […]

Environmental factors which influence Accounting Systems

Introduction The aim of accounting systems is to offer useful information to stakeholders that can enable them make proper economic decisions. Stakeholders may include the government, the society or shareholders of a company. The accounting systems therefore reflect the needs and interests of the stakeholders. Accounting systems and practices have characteristically taken different patterns in […]

FASB versus IASB

IASB stands for International Accounting Standards Board, while FASB stands for Financial Accounting Standards Board. These two bodies play a major role in setting the pace for internationally acceptable accounting policies. The two boards are among many organizations of this nature. This report focuses on the differences of the two boards and also their respective […]

Apple non-GAAP Accounting Principle

Apple Inc., along with other companies like Cisco and other companies show their earnings in non-GAAP (generally accepted accounting principles) figures, as they are believed to reflect their earnings better. Apple undertook a non-GAAP accounting principle in the first quarter of 2010 (Adhikari, 2010). Non-GAP financial measures that Apple included in its reports were “adjusted […]

Financial Accounting versus Managerial Accounting

There are two main branches of accounting. These are Financial Accounting and Managerial Accounting. The two types of accounting have a number of similarities and considerably numerous differences. The following paragraphs compare and contrast the two types of accounting using the subject-by-subject comparison structure. Financial accounting refers to the type of accounting that deals with […]

FASB and GASP Accounting

Introduction There are two boards that make up the Generally Accepted Accounting Principles board (GAAP). The Government Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) make up the Generally Accepted Accounting Principles board. The government accounting standard board is widely used by the state and other government agencies. On the other hand, […]

Forensic Accounting

The increase of the percentage related to the financial and corporate crimes influences the changes in the role of forensic accounting for businesses. Specific forensic accounting skills are necessary to control the situation within companies in order to avoid and predict financial crimes because of the spread of financial fraud as the negative tendency in […]

Accounting Aspects of Corporate Governance

Multinational companies are striving to have good corporate governance (GCG) status since the Security Exchange Commission (SEC) demands that firms should protect the interests of all stakeholders. From a historical perspective, surprise failure of giant corporate bodies like Enron, ABC Learning Centres, Allco Finance, and Lehman Brothers hastened the need for GCG. In line with the […]

Accounting Environment and Role in Economy

Accounting professionals give information on the economic trends and operations of corporations or people. From a historical point of view, such pieces of information were necessary for insiders in organizations. Nevertheless, with the complex nature of the growing economy, several players required the information for different reasons. In providing information to stakeholders, accounting professionals have […]

Dishonest Behavior in Accounting

Introduction Accounting is a practice and body of knowledge concerned with business recording methodologies, keeping of financial records, auditing, analysis of financial information, and advising on tax matters (Clayton 45). It applies as a systematic process that entails discovery, recording, measuring, arrangement, confirmation, elucidation, and statement of financial information. Accounting also entails preparation of financial […]

Accounting Profession

Introduction Accounting is generally concerned with transferring an organization’s information to people who need it. The information is structured in the form of financial statements. In a business organization, there is a lot of information that is required in order to assess the performance of the business, its future viability, credit worthiness, and to project […]

Concept of Discipline Investigation in the Accounting Field

Introduction This discipline investigation is a process of examining the trends, responsibilities, and possible career paths in the accounting field. By conducting the discipline investigation, my expectations are clarified. I am encouraged to add courses that will increase my employability. I chose to pursue a Bachelors degree in accounting because of the social recognition that […]

GAAP and IFRS – Financial Statements

The Securities and Exchange Commission (SEC) administers and enforces various laws that affect the securities of the investors. [1] It ensures that the investors in the security markers are protected from exploitation and misuse of their funds by the brokers, investment mangers and other clearing agencies. It therefore assists in controlling the marketing policies. It […]

Differentiating financial and Managerial accounting

Accounting is classified into two main types; financial accounting and managerial accounting. Financial accounting refers to the generation of periodic reports in conformance to the requirements of shareholder statute and other external bodies like government agencies. Managerial accounting refers to the identification, processing and communication of information needed for managerial planning, evaluation and control in […]

Accounting Ethics

Introduction Accounting information is vital to internal and external users of financial accounts; accountants are expected to present accounting facts in logical and genuine manner to facilitate their relevance in decision making. Such information is required by managers, shareholders, government, potential investors, investors, capital lenders among others. Hospitals are no exemption to the need of […]

Accounting: Absorption Costing and Variable Costing

Introduction Direct costing, which is also known as variable costing has been used most predominantly as an alternative to absorption costing over the last 70 years. Even though absorption accounting, as suggested in accounting textbooks, must be employed in preparing income tax reports, financial statements as well as in defending pricing models, a number of […]

Importance of Accountability

To provide timely, quality and efficient medical services, medical staffs need to be accountable of their actions. Positive organizational culture and effective checks and balances within an organization reinforce accountability. This paper discusses the importance of accountability in hospitals and the role of leaders in maintaining positive organizational culture in their facilities. Why is accountability […]

Adaptation and Accountability

Measures taken to facilitate the accountability process in the Kerara local government Accountability can be described as a state of responsibility. In this state, members are required to take responsibility of their actions and inactions by giving appropriate explanation. All public officers serving in pubic institutions must exercise accountability by accepting to take responsibility. They […]

Accounting in business

Accounting is referred to as “the language of business”. It is an art of recording, classifying and summarizing information about a business entity in relation to economic resources that are used in finding out the causes of success and failure in business. Due to its relevance in business it has been developed into two models; […]

Accounting and Finance: Importance of the Studies in Today’s Society

The world of accounting and finance is very interesting from different perspectives: first, accounting and finance help to develop new services and improve people’s living conditions; second, these two concepts are the major needs for decision makers; and finally, these current studies may be stimulating and rewarding at the same time, because accounting and finance […]