Accounting Essay Examples and Topics

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480 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

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

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 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

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

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: 14
  • Words: 3907

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

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

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

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: 8
  • Words: 2193

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

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

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

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

Importance of Social Responsibility in Financial Accounting

Thus, in making measurement decisions, standard-setters focus on applying the definitions of financial statement elements and the qualitative characteristics of accounting information in the context of the objective of financial reporting.
  • Pages: 8
  • Words: 1510

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 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

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

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

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

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

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

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

Effect of Unethical Behavior in Accounting

It was these scandals as well as unethical accounting practices that prompted the United States government to enact laws that aim to curb the occurrence of such behavior in the future.
  • Pages: 2
  • Words: 543

Pro Forma Statement Preparation Case Study

Nevertheless, the business is still lacking $ 76 508 to pass the break-even point when the investors consider the company as an investment in a profitable company.
  • Pages: 5
  • Words: 583

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: 1
  • Words: 292

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

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

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 [...]
  • Pages: 8
  • Words: 2150

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

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

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

Debit and Credit in Accounting

On the debit of the passive balance sheet accounts, meaning the accounts of the registration of the enterprise sources, a decrease in the sources of funds is reflected.
  • Pages: 1
  • Words: 408

Forward Contracts: Advantages and Disadvantages

Forward contracts are used when a company wants to set the price for the contract related to the future date. The obvious advantages are in reducing the risk exposure, fixing the rates for the future, [...]
  • Pages: 2
  • Words: 551

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

Keystone Computers & Networks Inc.’s Audit Plan

The objectives of the audit are to identify and describe the objectives of the audit engagement and services that will be provided to the client by the audit team and to define the responsibilities of [...]
  • Pages: 6
  • Words: 1780

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

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

ABC Company’s Cost-Volume-Profit Analysis

The contribution margin is the amount of income after the fixed costs have been met. Caldwell and Welch describe CM as the amount of income that the company realizes less the fixed costs.
  • Pages: 2
  • Words: 484

Concept of the Risk-Based Auditing

Risk-based auditing, as one of the types of the internal auditing process, involves the thorough analysis and management of threats that can undermine the organization's successful work.
  • Pages: 5
  • Words: 1391

Bureaucratic Control Systems and Benchmarking

The preparation of financial plans of a company in terms of proceeds, as well as costs and then relating them with the definite outcomes to obtain the variations in the firm's operations, comes with several [...]
  • Pages: 7
  • Words: 1618

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 [...]
  • Pages: 2
  • Words: 563

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.
  • Pages: 2
  • Words: 584

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

Budgeting Problem Report

The process diverts the organization's objectives because the extra spending is not to add value but to avoid a reduction in the amount of the next budget.
  • Pages: 1
  • Words: 315

Choosing the Best Costing Accounting Method

The Chief Financial Officer in the company, which is a milk production firm, known as Milk One Limited, has to decide on whether the company will be using the process costing method or the job [...]
  • Pages: 3
  • Words: 594

Financial Statement Analysis & Forensic Accounting

A review of the ratios shows that the earnings of the company can adequately cover the interest expense. The results show that the profitability is erratic and needs to be observed over a period of [...]
  • Pages: 2
  • Words: 720

Variable Costing v. Absorption Costing

Capon explains that the logic behind this argument is that as more money is generated, it has to be spent to buy the things that made it possible for the enterprise to make money in [...]
  • Pages: 2
  • Words: 777

Car Purchasing: Cost-Volume-Profit Analysis

The critical element of the analysis is to assess which of the two models is beneficial for the buyer. The contribution margin of the hybrid car relative to the traditional vehicle is calculated by subtracting [...]
  • Pages: 2
  • Words: 572

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 Accounting Cycle: Phases and Computerized System

This phase delineates all the activities related to the process of documenting all the available financial information and entering it into the database of the company1. The fourth stage of the accounting cycle is the [...]
  • Pages: 3
  • Words: 829

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

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

Depreciation, Amortization, and Depletion

Depreciation, depletion, and amortization is the collective name for a group of methods used to progressively apply some costs to expenses over a protracted amount of time. Depletion refers to the physical decline of a [...]
  • Pages: 1
  • Words: 327

Accounting and Financial Strategies in Companies

The accounting and financial practices will allocate the required resources and support to the HR department. The HR department will also be required to promote the wellbeing of all workers, including those in the accounting [...]
  • Pages: 6
  • Words: 1669

The Activity-Based Costing Method and Changes to It

The emergence and development of ABC corresponded to specific changes in the economic structure, namely, a change in views on the methodology of cost accounting and the calculation of the cost of production.
  • Pages: 1
  • Words: 394

Statistical Tools in Business

Originally, statisticians resort to numerous tools which are often utilized for general business improvement and industrial problem solving.
  • Pages: 3
  • Words: 283

Financial Ratio Analysis and Its Limitations

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 [...]
  • Pages: 2
  • Words: 269

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

Financial Accounting Research System

Consequently, it is necessary to mention that the factor of reporting financial performance is one of the most crucial and significant after the fair value factor.
  • Pages: 3
  • Words: 768

Accounting Cycles Comprehensive Study

The revenue and collection cycle have inherent risk in sales and accounts receivables such as the time of recognizing revenue, the effect of abnormal sales terms, sales with significant returns and shipping of goods reported [...]
  • Pages: 2
  • Words: 759

Accounting Ethical Issues in New Zealand

For the case of king, he deliberately took the appointment without putting in place any precautions to ensure that the conflict of interest is reduced to the minimum.
  • Pages: 5
  • Words: 1421

Ethics Activity in Management Accounting

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 [...]
  • Pages: 2
  • Words: 771

Sam Walton: Managerial Accounting at Walmart

It is possible to say that Sam Walton relied on the principles and concepts of managerial accounting to improve the decision-making and planning in his company. Apart from, that Sam Walton used the principles of [...]
  • Pages: 2
  • Words: 574

Methods of Joint Cost Allocation: Absorption Costing

The physical Measure of Output method allocates the joint costs based on the physical aspects of the products. Absorption Costing is one of the methods used to allocate joint costs in a manufacturing facility.
  • Pages: 2
  • Words: 597

Accounting for Business: Importance and Limitations

This paper discusses the importance of accounting, the main measurements considered in the preparation of the profit and loss account, and the limitations of the balance sheet inaccurately and comprehensively exhibiting the true financial position [...]
  • Pages: 4
  • Words: 1151

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: 6
  • Words: 1573

Vodafone Qatar Company’s Accounting and Finance

Investors and stakeholders can utilise financial statement examination to assess the past and current financial operations of their business, analyse an existing money related issues, and gauge future patterns in the firm's budgetary position.
  • Pages: 18
  • Words: 4988

Balanced Scorecard and Compensation in Accounting

The Balanced Scorecard is a tool utilized in corporations for the purpose of compensating workers in a way that is beneficial for both the management and the workforce. Usually, achievement of the goals and objectives [...]
  • Pages: 3
  • Words: 951

Financial Accounting and Its Importance

Financial accounting is a number of certain operations in any business or profitable organization that are intended to summarize, analyze, and report every transaction that is somehow related to the company's activity.
  • Pages: 3
  • Words: 875

Contemporary Auditing: Real Issues and Cases

The next stage of the audit consists of conducting extensive fieldwork and checking the internal controls of the audit. The fifth stage of the audit is the creation of a report that dwells on the [...]
  • Pages: 2
  • Words: 609

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

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

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

Accountability in Sports Management

Accountability of FIFA would help in improving the management of football. This is due to the various complex factors that are involved in management of football.
  • Pages: 4
  • Words: 1080
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