Accounting Essay Examples and Topics

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.

In this regard, the suitability of the adopted cost allocation strategy is influenced by the nature of the products and the consistency of the production process.

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.

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 [...]

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.

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 [...]

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 [...]

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

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 [...]

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 [...]

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

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 [...]

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 [...]

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 [...]

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 [...]

Net income of the company increased significantly from $4,607 million in 2016 to $7,628 million in 2017. The historical income statements for the company can be found in Table 1 and Table 2.

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 [...]

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.

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.

According to financial terms, goodwill is defined as the net difference between the actual value of the business as a whole, and the fair value of the inseparable net assets.

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.

The design connects the conceptual research challenge to relevant and doable empirical research. Interviews provided accurate and consistent data relevant to the research questions.

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 [...]

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 [...]

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.

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 [...]

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 [...]

She is considering confronting the sales representatives that seem to be creating the fraudulent sales, the sales manager of the Dayton region, the VP of sales, her boss, or a friend of hers on the [...]

The Website of the accounting software recommends a system configuration of "1 GHz Intel Pentium III for single user and 1.

The accounting systems and practices in a country are determined by the political and economic system, the ownership patterns, legal and taxation system as well as the cultural values.

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.

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.

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.

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 [...]

In 1962 the company opened its first Target store and later in 2000 the company's name was changed from Dayton Dry Goods Company to Target in 2000.

Due to fluctuations in economies, all organizations need to take into consideration concepts of the time value of money in any investment venture.

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.

This is the opportunity cost he loses the accounting job in order to run the lemonade stand. The opportunity cost of the lemonade stand is provided in the simplest kind.

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 [...]

Analysis of the manufacturing costs of the product will act as a guide for setting the price. The journal entries below are for the cost of manufacturing a single combine harvester.

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.

The Finance Director may be the final person to cross-check the accounting work and submit to the board for strategy making.

The balance sheet of the company indicated that the company's goodwill was impaired and recorded according to IAS 38 Intangible Assets.

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.

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 [...]

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 [...]

The first limitation is that ratio analysis overlooks the human aspect of a firm. A firm might have poorly performed in the previous financial year but it is currently above the industry average with its [...]

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 [...]

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 [...]

Generally Accepted Accounting Principles and the Sarbanes-Oxley Act provide the sets of the accounting principles, standards, and procedures which the companies apply to form the financial reports GAAP is the combination of the authoritative 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.

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 [...]

The key difference between a contribution income statement and a traditional income statement is that the former focuses on the impact of changes on the profits, whereas the latter emphasizes the net profit.

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.

The initial step will be to notify Walmart's management and the relevant departments about the audit and formally request the documents to be used in the process.

Originally, statisticians resort to numerous tools which are often utilized for general business improvement and industrial problem solving.

The cost identification of the carrying amount of land, plant, and equipment ceases to be recognized when the asset is in the state and condition required to function in the manner expected by the management.

The first option is to sell the equipment after specific reworking, the second option is to convert the equipment to a standard model and sell it and the last option is to sell it without [...]

Accounting also assists in the determination of a business's returns. Capital is a vital constituent in the valuation of a business.

Equally, I will consider the repercussions of agreeing to the command. I will also consider being a whistleblower and report the matter to the relevant authorities.

This essay seeks to analyze a specific kind of revenue, referred to as unearned revenue, with the aim of showing why it is not considered income.

The objective of this standard is to report all items that meet the definition of comprehensive income, specifically in a financial statement in the period of recognition of those items of comprehensive income.

According to the American Marketing Association, the brand is a "name, term, sign, symbol, or design, or a combination of them, intended to identify the goods and services of one seller or group of sellers [...]

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 [...]

From the table, in 2006, the net cash flow used in financing activities amounted to US$ million. From the table, in 2006, the net cash flow used in investing activities amounted to US$ million.

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 [...]

Financial control is "the control of financial resources as they flow out or into the organization". An income statement is a financial document summarizing the actual performance of an organization within a specified period.

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.

This implies that the resultant profit is on an accrual basis and does not denote the surplus money in an entity.

134%, indicating that the company's profitability is high and its equity returns profits well. The current ratio is a liquidity ratio between current assets and liabilities, showing a company's ability to pay its debts with [...]

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.

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 [...]

Several factors can influence how a company builds its capital structure, such as the company's stage of growth, the industry it operates in, its cash flow, and its risk profile.

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 [...]

Accountants begin to record business transactions in the general journal and eventually post the entries in the respective accounts of the general ledger.

One of the critical issues with respect to revenue recognition is the timing of the appropriate point in a sales cycle when revenue should be recognized.

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 [...]

The rapid growth of these companies has been propelled by the massive population in the country and the rapid growth of the economy.

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.

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 [...]

Trial balances and an audit trail are some of the useful reports in the running of a business."A trial balance is chiefly prepared to examine the arithmetic accuracy of accounts".

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.

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.

In 2010, the company had declined and recovered in 2012. However, in 2012, the company reported an increase in the value of the margin to 40%.

This analysis is expected to know how the company invests and manages its assets that would tell its financial stability prospects and the future.

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.

I strongly believe that time is a valuable resource and spending it on things that do not contribute to the success of a project is the same as wasting money to buy something unnecessary.

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 [...]

The study reviews the relevance of the ABC system in companies and the need for managers in enterprises to adopt it in their operations.

The graphical representation of the sales cycle assisted the auditor in analyzing the strengths and weaknesses of the company's control activities.

ADNOC is a state-owned company that operates in the oil and gas industry of the UAE. The company was founded in 1971, and today, it unites more than 20 subsidiaries, known as the ADNOC Group [...]

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.

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 [...]

Financial accounting refers to the type of accounting that deals with preparation of financial statements, using accounting techniques, for financial reporting.

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 [...]

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 [...]

However, to ensure the highest possible productivity for a company, it is essential to select the type of activity and the production cost system in the most optimal way.

To generally determine the ability of a company and its current assets to cover its current liabilities, it is necessary to calculate the liquidity ratio for the most current period.

The Walt Disney Company employs break-even analysis to determine the point at which total revenues equal total costs; therefore, it assists in understanding the level of sales necessary to cover all expenses.

In contrast to fraud, an error in the auditing environment can be linked to incorrect information, incorrect decision-making, or incorrect understanding of procedures and rules.

They take the data from balance sheets and income statements and convert the values in dollars into percentages. Moreover, one can use common-size financial statements to compare one firm's data with the industry's best and [...]

In the case of EEC, there is little value for this costing method due to the company's specialization in electricity provision.

According to researchers, shared value is approached differently as it implies that the scope of the business aligns with positive environmental impact.

To begin the analysis, it is necessary to determine the importance of accounting reports for the company and the impact of their results.

The first group includes the expenditures related to the number of products it produces. Another type of expense that the company needs to focus on is the manufacturing overhead and nonmanufacturing costs.

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.

From the trial balance, the debit and credit entries are recorded, the entries are then adjusted to match the debit and credit to be equal.

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.

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 [...]

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 [...]

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 [...]

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.

The expansion of Peta-Marron to Australia is a business process that requires detailed analysis of financial situation of the market and company.

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.

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.

The income statement is also an instrument for the investors to analyze the company's profitability. However, it is often argued that the income statement might be misinterpreted by the investors, which is not beneficial for [...]

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.

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 [...]

Therefore, the determinants of the net working capital of a venture are all items that directly contribute to the current assets and liabilities.

When they are considered, it is possible to draw up evident characteristics of the financial state of affairs in the organization.