Home > Free Essays > Business > Accounting

Accounting Essay Examples and Topics

Business Ethics Aspects in Accounting

External auditors are independent of the organization they audit and provide an annual assessment of financial accounts and statements, and decide whether they adhere to accepted standards of accounting.

Accounting: Role, Process and Users

Accounting information is the process of identifying, recording, and communicating relevant, reliable, and comparable information about all business activities in an organization.

Bottom-Up and Top-Down Budgeting

In a bottom-up approach, financial forecasting and reviewing of the same as part of the budget management process is critical. The advantage of including managers in the budgeting process is that a good communication between [...]

Accounting Ethics and Professional Conduct

The code of professional conduct for accountants and auditors is developed by the American Institute of Certified Public Accountants and other relevant stakeholders with the view to setting out the philosophy that inspires the rules [...]

Financial Statements Importance

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.

Qualitas of Life Foundation Profile

In this respect, the person that can be a member of the Board of Directors in the Qualitas of Life Foundation should be knowledgeable in administration and accounting, certain financial issues though the basics of [...]

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.

Concept in Financial Accounting

End-users refers to the all the stakeholders that might be interested in the financial statements of a company. It is rather important to have a clear understanding of the problem in this case.

Center for Audit Quality

Thus, shareholders in a publicly listed company are likely to establish the company's reputation from the caliber of the company's auditors.

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 [...]

Function of a Job Description

The main drivers of this incentive will be the position of the employee, which will be the accounting clerk, the experience, which the holder may or may not have, and sustained performance, which will be [...]

Financial Analysis of Bayer AG

1 Table 5 Notably, sales to total assets and that of net worth declines across the years. In the six year financial period of analysis, Bayer AG has been able to meet obligations and beyond.

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 [...]

Companies Directors Mix

Although a combination is crucial, it is important to let the directors understand and appreciate their role within the company; it is more better to have directors who are dealing in the same line of [...]

Accounting and Business Management Case Study

Leaders are accountable to external users of accounts who include the government for taxation purposes, shareholders, bankers, and creditors; they are willing to know the financial strength of an organization so that when making decisions [...]

Business and accounting

To gain more understanding on the adoption of a set of global financial accounting standards, this paper will discuss arguments for and against the adoption of a set of global financial accounting standards from the [...]

Financial Accounting Theory

The reduced use of the IFRS was intended to reduce the unnecessary reporting to the users and to improve their understanding of the statements and not to impair the reliance and truthfulness of such reports.

Basis of accounting

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

International Accounting

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 [...]

Accounting Cycle: Common Steps

The paper discusses the accounting cycle of the office of the chief financial officer. The first step is identification of the transaction and the events which surround the transaction.

Management and accounting

An understanding of the main purpose of the report is critical in the sense that it links the findings from Johnson and Johnson's annual reports as well as sustainability reporting in the US financial reporting [...]

Financial Accounting

In this context, Kanodia et al.reckons that Australia entangles one of the fascinating setting for conducting a study on the impacts of IFTRSs on the values of a firm due to the differences that the [...]

Accounting Theories

According to the stakeholder's theory, the issue of ethics and morality are important in making sure that the managerial decisions of the organization do not negatively affect the stakeholders. However, the illegitimacy of the decision [...]

Management Accounting in Company

The decision made in this situation is unethical as it leads to a creation of a misleading financial statement. This generally is unethical as it represents a favourable financial position of the company but which [...]

FASB versus IASB

Zyla argues that the major similarity between these bodies that is the IASB and FASB is that they are both found in the accounting field.

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.

Intangible Assets in Finances

This value should include taxes arising from the implementation of the asset, the risks involved, the cost of acquiring the assets, roles played by auxiliary intangible and tangible assets and finally the discount fee.

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 [...]

Forensic Accounting

That is why, it is important to focus on the most important skills necessary for realizing the internal control within the company in relation to financial issues and to determine the legal responsibility of forensic [...]

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 [...]

Dishonest Behavior in Accounting

Since the profession entails a process of discovering, appraising, and stating of economic information to allow knowledgeable verdict and determination by those who apply the information, it is important to be aware of the vices [...]

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.

XYZ Corporation transition to IAS

Making the transition to IAS will affect the financial records of XYZ Corporation The transition from GAAP to IAS by XYZ Corporation will cause significant changes in the financial records of the corporation.

Liability and Accountability- Discussion Post

Variations in the levels of legal accountability and responsibility have various advantages and disadvantages depending on the nature of the risks and vulnerability of actions and decisions undertaken by the professional.

Generally Accepted Accounting Principles (GAAP)

Written by Cohan and Johnson in 2011, the article Transferring Classroom Knowledge to Real-World Accounting: The Saving Loans Crisis seeks to determine the extent to which the accounting students apply the concepts and principles of [...]

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 [...]

Ligand Pharmaceuticals

In response to the understatement of the sales returns, the external auditors should recommend an adjustment to the sales return figures from the erroneous 2.

Accounting Ethics

The main source of revenue for a hospital is fees charged to patients when they receive various services from the hospital; the information of revenue is with the accountants thus they should offer the information [...]

How Organizations Use IS/IT

It is possible to replicate this in Materials Planning, Enterprise Resource Planning and Human Resource Planning by use of both the Internet and Software.

Accounting: Absorption Costing and Variable Costing

In this regard, absorption costing does not differentiate between variable costs and fixed costs thus cannot be used in Cost Volume Profit analysis; on the other hand, variable costing which does differentiate between variable costs [...]

Importance of Accountability

This paper discusses the importance of accountability in hospitals and the role of leaders in maintaining positive organizational culture in their facilities. Medical facility staffs need to be accountable in their actions; this will facilitate [...]

Adaptation and Accountability

To enhance accountability, the local government of Kerara has enforced and strengthened all its laws and regulations that relate to the governance of the local authorities.

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.