Accounting Essay Examples and Topics

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510 samples

Persistence and Sneakers 2013 Case Study

The initial cost of investment for Sneaker 2013 can be calculated as: Tables 1 and 2 show total cash flows and discounted cash flows for Sneaker 2013 for 2013-2018.
  • Pages: 6
  • Words: 1616

BMW and Cadillac Corporation Financial Accounting Standards

A director needs to characterize the particular accounting needs of the organization or industry and select a framework that meets these necessities. The paper will summarize the accounting standards and compare the similarities and differences.
  • Pages: 11
  • Words: 3070

Accounting as a Profession

This paper focuses on analysing accounting purposes through the identification of various users in the societies, and the implications drawn from accounting needs and functions as this discipline serves the interested parties. Accounting helps in [...]
  • Pages: 10
  • Words: 2898

Five Types of Accounting Regulatory Bodies

Financial accounting and reporting, therefore, need to work under the supervision and standards set by accounting regulatory bodies, to provide credible accounting information and reports to their clients.
  • Pages: 2
  • Words: 561

Accounting in Business

This has affected accounting as it has enabled easier provision of information to different groups of people through assortment of data to be handed to the financial accounting and management accounting.
  • Pages: 2
  • Words: 650

The Differences between PP&E and R&M Accounts

Moreover, even though accounting is a theoretical subject with many rules and exceptions, the usage of needed laws to make the balance sheet and statement of income the most effective for the firm is a [...]
  • Pages: 1
  • Words: 398

Cookie Creations Entrepreneurship and Accounting

The first section of the paper provides the analysis of an appropriate form of business organization selected for Cookie Creations with reference to possible benefits and weaknesses, the discussion of the accounting information required for [...]
  • Pages: 4
  • Words: 2193

Management of Change at Procter and Gamble

A brief background of Procter and Gamble The current staffing issues facing the accounts department at Procter and Gamble are very relevant in determining the strategies, structures and practices to be assumed in order to [...]
  • Pages: 13
  • Words: 2709

Apple and Samsung Companies’ Financial Accounting

A company's revenue should be determined only when the reward and risks of ownership are transferred to the buyer, and the amount of consideration can be measured. The matching concept is a practice whereby expenses [...]
  • Pages: 4
  • Words: 1235

Apple Inc.: Statement of Cash Flows

Apple’s most significant sources of cash from operating activities in 2016-2018 are net income, depreciation and amortization, and accounts payable.
  • Pages: 6
  • Words: 1060

Nortel Accounting Scandal Comprehensive Study

Top executives of Nortel Networks Corporation rather supplied cooked-up figures to the Board and the audit committee and based on the representation's made b the Nortel top management, they approved the quarterly results and the [...]
  • Pages: 12
  • Words: 3907

Kraft Heinz Company’s Accounting Fraud Scheme

In 2015, the food giant Kraft Foods Group merged with fellow food processing company Heinz, forming the Kraft Heinz Company, which is now the fifth largest food and beverage company in the world by sales.
  • Pages: 1
  • Words: 306

Comparison of IFRS and United States GAAP

It could be concluded that using IFRS over that of the US GAAP will result to less earnings because of timing of recognition of expenses. There is therefore basis to conclude that earnings under the [...]
  • Pages: 2
  • Words: 641

International Job Order Costing

Therefore, job order costing in a production company involves allocating costs to inventory and after that cost of sales when the job is finished.
  • Pages: 14
  • Words: 3991

Accountability and Outcome in the Counseling Profession

A client involvement in the therapy process will determine the therapy outcome in addition to quality of the treatment choice. For a counselor, it is crucial to approach this process with honesty and responsibility in [...]
  • 5
  • Pages: 3
  • Words: 894

Samsung Firm’s Accounting Processes and Policies

Samsung is one of the largest organizations in the technology industry, linked to its philosophy of orientation concerning a wide array of electronic devices tailored to individual populations.
  • Pages: 2
  • Words: 615

Accounting Information System and Fraud Prevention

One of the main reasons why the company's customized AIS failed in preventing fraud is because the system existed in such a way that entry of information into the data system regarding sales, purchases, and [...]
  • Pages: 10
  • Words: 2780

Principle Based vs. Rules Based Approach to Accounting

Rule based accounting on the other hand applies the rules that limit flexibility and judgment of the financial statements preparers. The judgments and interpretation of the financial statements are dictated by the rules and not [...]
  • Pages: 4
  • Words: 1053

Walmart Inc.’s 2022 Annual Report

Walmart originally sold common stock to the public in 1970, and the company's stock began trading on the New York Stock Exchange on August 25, 1972, marking the company's debut on the stock market.
  • Pages: 5
  • Words: 1681

Cold Stone Creamery Franchise: Financial Plan

The financial plan is the basic component of the business plan as it provides the feasibility of a project and enables the investors to make logical decisions regarding the acceptance and rejection of the project [...]
  • Pages: 6
  • Words: 1936

Digitalization of Management Accounting

The design connects the conceptual research challenge to relevant and doable empirical research. Interviews provided accurate and consistent data relevant to the research questions.
  • Pages: 20
  • Words: 5466

Financial Accounting and Its Main Purposes

The income statement also known as profit and loss account is a financial statement that is used in reporting the operating performance of a business entity over an accounting period.
  • Pages: 3
  • Words: 949

Accounting Concepts for Financial Reporting

To establish a foundation for discussion, the historical cost concept implies that the companies have to state in their balance sheets the monetary value of the asset at the moment of purchase or acquisition.
  • Pages: 5
  • Words: 1418

Social Accounting

In reference to Crowther, social accounting can be defined as "an approach to reporting a firm's activities which stresses the need for the identification of socially relevant behavior, the determination of those whom the company [...]
  • Pages: 3
  • Words: 947

H&M Accounting Standards

The financial reports of The GAP, H&M, and Inditex are expected to differ significantly in some components because The GAP follows the US GAAP while the others use the IFRS standard.
  • 2.5
  • Pages: 3
  • Words: 835

Apple Non-GAAP Accounting Principle

The new non-GAAP accounting practice that Apple followed required the company to account for all the revenue and cost associated with the production of iPhone and Apple TVs after the products are sold.
  • 1
  • Pages: 2
  • Words: 548

Accounting Research: Normative and Positive Approaches

The two main theoretical approaches in accounting theory are the normative approach and the positive approach. The methodology used in research and development of normative approach depends entirely on standardised accounting principles to validate any [...]
  • Pages: 10
  • Words: 2301

Master Degree in Accounting

I am anxious to combine the knowledge and aptitude of these skills with a master's degree in accounting. I want to acquire professional skills and abilities that would enable me to contribute to the economic [...]
  • Pages: 4
  • Words: 1119

The Audit Fees: Walmart, Bank of America and Aetna

The aim of this paper is to compare the audit fees of three companies: Walmart, Bank of America, and Aetna. The analysis of differences in audit fees paid by Walmart, Bank of America, and Aetna [...]
  • Pages: 3
  • Words: 872

Amazon’s Variance Analysis of Deviations

However, it should add that before developing a cost reduction strategy, it is necessary to establish a systematic accounting of expenses in all areas of the company and its divisions.
  • Pages: 1
  • Words: 331

Accounting Basics and How to Remember Them

The rhythmic accounting rap song Debit Credit Theory by Colin Dodds is an excellent way to remember that debit's location is the left side of the account, and credit's location is the right one.
  • Pages: 1
  • Words: 392

IAS 17: The Accounting for Leases

On the other hand, the lessor may find leasing attractive because once the purchase of the asset is complete at the inception of the lease the asset is handed over to the lessee and therefore [...]
  • Pages: 6
  • Words: 1686

Accounting Environment and Role in Economy

Also, the scandals made the World Bank and the International Monetary Fund introduce Reports on the Observance of Standards and Codes to assist in accounting and auditing of developments and priorities in different nations and [...]
  • 5
  • Pages: 10
  • Words: 2754

Accounting Profession

For instance, in government accounting the focus is on the flow of financial resources and not economic resources as the case is in other forms of accounting.
  • Pages: 9
  • Words: 2508

International Financial Reporting Standards: Pros and Cons

Ball argues that IFRS has an inherent advantage in the way it views the subject of quality in accounting. Conventional setters of accounting standards assessed quality in terms of the reliability and relevance of information [...]
  • Pages: 7
  • Words: 2008

The Use of Footnotes in Financial Statements

Companies decide on the nature of the information they need to include in their financial statement footnotes by adhering to Generally Accepted Accounting Principles and International Financial Reporting Standards. The purpose of footnotes is to [...]
  • Pages: 1
  • Words: 389

Auditor Independence: Perception or Reality

In addition, auditors are required to provide the credibility of the information regarding the firm's financial position, whether the firm complies with the stipulate financial accounting standards in reporting and its financial performance. This represents [...]
  • Pages: 18
  • Words: 4908

Cost Accounting for Beer Production

To understand the accounting costs that are associated with the production of beer, it will be important to understand the raw materials and other costs that are incurred in the processing departments.
  • Pages: 10
  • Words: 973

IFRS in Multinational Companies

This paper is organized in different parts that are as follows; the introduction, framework and background, conceptual framework, value and limitations of the international financial reporting standards, financial reports of the given companies, and qualitative [...]
  • Pages: 7
  • Words: 1925

Differentiating Financial and Managerial Accounting

This is due to the fact that management accounting is for decision making and thus it is used for planning the future of the organization while financial accounting is for the reporting of past operations [...]
  • Pages: 4
  • Words: 1107

Income Statement: Advantages and Disadvantages

Still, the information separated to the category of comprehensive income may be important as it includes losses from foreign currency translations, and gains or losses on investments.
  • Pages: 1
  • Words: 323

Tesla: Weighted Average Cost of Capital

The difficulty in estimating a share price for Tesla is that, according to the forecasts, Tesla's debt/equity ratio is constantly falling, which means that the WACC would need to be adjusted for the periods with [...]
  • Pages: 2
  • Words: 667

Accounting: Double-Entry Bookkeeping Method

In addition, accounting has become an integral part of almost any business, and therefore the widespread use of such methods leaves open the question of optimization and creation of a better approach, given the capabilities [...]
  • Pages: 1
  • Words: 280

Accounting and Financial Management Research Philosophy

Research is important to help determine the implication of changes in the legal environment in Accounting and Financial Management. The fourth reason for research in Accounting and Financial Management is a fraud.
  • Pages: 9
  • Words: 2489

Annual Report Usefulness Understanding

The market concentration, the function of the number of firms, and their respective shares of the total production in the market, can also be judged and analysed for a better understanding of the company's overall [...]
  • Pages: 4
  • Words: 1789

International Accounting Standards

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.
  • Pages: 4
  • Words: 1132

Audit Quality in Small & Medium Enterprises

This review examines recent and not-recent empirical studies on audit quality and SMEs, discussing the importance of audit quality in SMEs and exploring the impact of various factors on audit quality. These studies have shown [...]
  • Pages: 3
  • Words: 346

Government Accounting Purpose and Implementation

By implication, government institutions act in accordance with the approved guidelines when publishing government expenditures and financial statements. To understand the implication of effective budgetary control, we must highlight the importance of the government-wide statement.
  • Pages: 2
  • Words: 394

Home Depot’s Financial Statement & Ratios Analysis

Although a reduction in the income has been noted due to the fact that the company closed 15 underperforming stores, an increase in the operating profit margin has been realized in both the financial year [...]
  • Pages: 3
  • Words: 907

Market Efficiency for Accounting Information

Accounting information is one of the areas of interest in accounting research on market efficiency which has also not given a descriptive consensus on the efficiency of the market.
  • Pages: 2
  • Words: 734

Accounting: Constructing Economic Reality

The reality created in accounting is thus subjective and a product of the accountants' interpretation of different situations. Therefore, the accounting philosophy continues to evolve, and creating any form of reality in this field will [...]
  • Pages: 6
  • Words: 1708

Nestle Pakistan Ltd: Financial Information

Net profit margin is a financial metric that shows "the ratio of net profits to revenues for a company". In 2016, the company's current ratio was equal to that of the previous year 0.59.
  • Pages: 4
  • Words: 1197

Accounting Journal Entries Adjustments in Manufacturing

To reflect the true balances at the end of every financial year of the business, it crucial for the journal entries to be adjusted accordingly since the balances are utilized in drawing other financial statements [...]
  • Pages: 3
  • Words: 900

Accounting Jobs in the United Arab Emirates

It is also important to be mindful of the development of learning institutions that help shape the skills of accountants and finance professionals. However, it is also a reminder to create an effective hiring mechanism [...]
  • Pages: 2
  • Words: 4818

Accounting Ratios and Financial Statements

It was concluded that ratio analysis is one of the useful tools for revealing, comparing, and interpreting salient features of financial statements presented by businesses.
  • Pages: 6
  • Words: 1636

Lemonade Stand Business Accounting Summary

The balance sheet for the Lemonade stand business is got from the data in the journal and the general ledger; and is a summary of the final figures for the account held by the Lemonade [...]
  • Pages: 2
  • Words: 575

AICPA Code of Professional Conduct

The first section of the professional code of conduct expounds that members of AICPA are supposed to act in the most honorable manner.
  • Pages: 2
  • Words: 599

Accounting Information System

In the use of the intranet all the personnel that carry out their activities in the hospital are served and especially the top management of the hospital, the hospital uses an information management system and [...]
  • Pages: 8
  • Words: 1273

Technology Impact on Accounting at Apple Inc.

As a result, accountants can now generate reports and analyses that provide a comprehensive picture of the present situation and are helpful for management operations thanks to the acceleration of accounting information.
  • Pages: 3
  • Words: 1049

The Revenue Recognition Principle

Revenue is recognized as soon as the service or product is supplied to the customer. To achieve revenue recognition goals, accounting professionals must take the following actions: make contact with a client, and recognize revenue [...]
  • Pages: 1
  • Words: 340

Importance of Trial Balance in Accounting

Another advantage of the Trial Balance is that it helps to provide a snapshot of the company's financial position at a particular time. In conclusion, the Trial Balance is a valuable tool for checking the [...]
  • Pages: 1
  • Words: 354

Researching and Analysis of Cost Concept

The primary purpose of the classification of costs in the management accounting system is the systematization of information about the quantitative and qualitative characteristics of costs for information and analytical support for managing an economic [...]
  • Pages: 2
  • Words: 680

Apple Inc. Financial Performance

It could be said that the main goal of this paper is to evaluate the financial performance of the company, and all values are in millions.
  • Pages: 3
  • Words: 836

Baby Cakes Company’s Budgeting and Planning

The discussion describes the sales budget part of the master budget. Baby Cakes will need a budget to analyze the performance of the company and to become efficient in managing its expenditures by controlling waste [...]
  • Pages: 3
  • Words: 895

Sage 50 Accounting System Critical Analysis

In addition, the users of the system do not have to worry about downloading the latest version of the software. Sage 50 Pro Accounting is the latest version of the software.
  • Pages: 5
  • Words: 1408

FASB and GASP Accounting

The Government Accounting Standards Board and the Financial Accounting Standards Board make up the Generally Accepted Accounting Principles board. This is because the modified accrual accounting avails information regarding the assets and liabilities of an [...]
  • Pages: 2
  • Words: 535

Discussion: The Concept of Shared Value

According to researchers, shared value is approached differently as it implies that the scope of the business aligns with positive environmental impact.
  • Pages: 1
  • Words: 315

Peer Review: The Role in Accounting

The knowledge and dedication of the latter assist with contributing to the publicly reliable quality There are two types of such reviews: the system and the engagement one.
  • Pages: 2
  • Words: 571

Accounting Information Systems: The Role in Fraud Detection

The article draws attention to the problem of fraud in the accounting profession. The author refers to the issues and potential of Accounting Information Systems, particularly Blockchain technology, to detect and prevent fraud in corrupted [...]
  • Pages: 2
  • Words: 598

Felix Business: Accounting Principles

The economic entity- Felix business on new venture is considered to be distinct from the owners who is Felix and any other firms like jewelry shops in the Zurich owned by Paula when preparing [...]
  • Pages: 4
  • Words: 1224

Colgate Palmolive Company: Financial Statements

The aforementioned fluctuations provide opportunities for the misrepresentation of the company's true financial position through the alteration of statements to suit specific geopolitical events and circumstances. There is a high degree of subjectivity in the [...]
  • Pages: 3
  • Words: 845

Accounting: Historical Approach

Therefore, the arguments in defense of the rejection of historical costs reflect the interests of stakeholders interested in up-to-date information about the company.
  • Pages: 2
  • Words: 556

Revenue Recognition in Business

It would be challenging to understand if the revenue recognition notion did not point out the importance of distinguishing the cash inflow for when each transaction is obligated.
  • Pages: 1
  • Words: 280

Audit Failures and Current Trends in Auditing

The integration of big data and AI is one of the developing approaches in auditing. Although big data and AI are crucial trends in auditing, the use of big data is more concerning.
  • Pages: 1
  • Words: 392

Accounting Standards for Equity Investments

The accounting standards for equity investments provide the basis for fair and consistent reporting of investments in equity securities. The International Accounting Standards 39 and 40 and the Statement of Financial Accounting Standards No.
  • Pages: 4
  • Words: 1139

Aspects of the Accounting Implications

If the impairment test results in an impairment loss, the company must recognize the loss in its financial statements by reducing the carrying value of the acquired company's net assets and reporting the loss in [...]
  • Pages: 2
  • Words: 562

Net Working Capital in Accounting

Therefore, the determinants of the net working capital of a venture are all items that directly contribute to the current assets and liabilities.
  • Pages: 2
  • Words: 620

Accounting Work at Pops Restaurant

Management accounting considers the effectiveness of the application and the qualitative characteristics of accounting objects for the enterprise's activities. In this equation, assets reflect the total value of the property the organization has and is [...]
  • Pages: 2
  • Words: 656

The Firm Production Cost Analysis

As a rule, the correlation "relative value of costs and customer costs" is an impulse to make essential and sometimes cardinal decisions of the company regarding the strategy of activity in production.
  • Pages: 2
  • Words: 634

Aspects of Satyam Accounting Scandal

Raju was not the only member of the company's establishing members that took part in the fraud. Despite the severity of these actions, the fraudulent activity was not limited to the assets within the company.
  • Pages: 3
  • Words: 862

Prudhom Enterprises Inc.’s Flexible Budgets

Therefore, the prevalence of unfavorable variances in the annual cost report cannot point to the negative performance of the facility. Firstly, Kemper can make the necessary corrections to the report in hopes that the corporate [...]
  • Pages: 1
  • Words: 390

Accounting and Finance in Business

In this situation, the reports may forecast the impact of financial choices and accounting in a corporation. A pro forma statement, on the one hand, may be utilized in the planning process and is an [...]
  • Pages: 2
  • Words: 555
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