Accounting Essay Examples and Topics

Auditing presents several impacts in business operations which are observed in terms of effectiveness, responsibilities and in the setting of goals a business.

For example, by using ordinary and preferred shares as a source of finance, the firm commits itself to the payment of dividends to these shareholders. Cash flow forecasting enables the management to project the flow [...]

They are not without advantages and disadvantages; therefore, it is necessary to discuss the advantages and disadvantages of the measures of accounting quality lucidly. Earnings quality covers the ability of reported incomes to outline the [...]

This is the primary reason why John is in violation of Section 110 of the APES110 Code, because John was not only dishonest and deceitful to an ordinary member of the general public but to [...]

Even though there is a school of thought that the law has changed the business culture, many organizations still strongly believe that fraud is likely to increase in the future than today.

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 [...]

It should expand on the purpose of the test, describe the target group, and specify the number of items covered by the test.

To begin with, it should be stated that property management companies are engaged in the sphere of managing the issues associated with movable and immovable property, legislative, social, and commercial factors of its ownership.

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

The issue is on the agenda now since there is a great necessity to analyzed all the assets and liabilities of the ownership, as controlling the total cost provides the company to consider such aspects [...]

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 [...]

This guides the firm in adopting a certain entry mode and international strategy.M.B.C.is the oldest and largest coffee processor of the Blue Mountain coffee with quality coffee which is rich, sweet and well balanced acidity [...]

Lastly, capital profits and losses on investment and other assets must be shown in the 'unrestricted' group unless specific contributor limitations allow it to be recorded in one of the two restricted groups. The impact [...]

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 [...]

WorldCom executives analyzed stocks performance in Wall Street, identified bookkeeping as a way to generate financial reports that indicated WorldCom was growing, to meet Wall Street expectations, subsequently, keeping the company stock and growing in [...]

Several periodicals have been reviewed; in particular, the Journal of International Business Studies, the CPA Journal, and the Journal of Cost Management.

In order to gain a better understanding of this question, we need to summarize the key facts: such organization as United Parcel Service filed a lawsuit against the Commissioner of Internal Revenue claiming that the [...]

Considerably, the stock option plan provides the employees a chance to partly owned the company and be among the stockholders. It motivates the employees to work on their best in the company because it makes [...]

Brown divulged what can be perceived to be privileged and confidential client information to a competitor without the consent of his client.

It is therefore imperative for the accounting systems to be designed in such a manner that they meet the needs of the organizations and assist them in managing their accounts and at the same time [...]

This document contains a business report in which a company's needs are analyzed who is in great need of a revenue transaction software through which the company could keep track of all the business transactions [...]

As the level of output increases the variable costs are incurred this means that the total costs also increase at the same rate. The variable costs are the costs that vary directly with the level [...]

The functions of authorizing purchases, receiving goods purchased, and recording the receipt and issue of inventory should be segregated. Copies of the purchase order are sent to the vendor, stores, and accounts payable.

The Florida State Department of Revenue has the responsibility of administering revenue laws of the state to its citizens as well as the laws that are related to the inspection of the books of accounts [...]

The provision of NAS and audit services by the same audit company to the same audit client is seen to be the major threat to the independence of the auditors.

Analysis have been made basically with regard to initial recognition of goodwill and other intangible assets, accounting for intangible assets other than goodwill, accounting for goodwill, and presentation in financial statements of these assets, keeping [...]

The cohesions of these notions of gaming entail the vigorous nature of the apprentice within the practice-grounded learning surroundings and the aim of negotiating by the means confronts and impediments offered in an attempt to [...]

The lower the cost of producing a product relative to the price customers pays for it, the greater the quantity of a product the company is willing to supply.

The economic expansion and rapid circulation of wealth intensified the activities of the banking sector and the FASB was able to broaden the horizon of its banking facilities.

The contribution margin is the difference between the sales price and the variable cost of the product. Hence Break Even point of out put or units will be = - The total monthly fixed cost [...]

The users of the financial information assess the performance of the management and develop their respective view of the company's progress based on the disclosures made in the financial statements.

In order to be fast and accurate in today's world there is need of the machines to do the work, especially calculations.

In these case study relevant costs has been identified as direct charitable expenses and program and administration expenses directly attributable to the programs to be undertaken. The relevant costs will be direct charitable expenses and [...]

Locke's theory of original acquisition is modified by the general right of subsistence, through the operation of conditions, the most significant of which is the command to leave 'enough and as good' for others.

The recognition of the revenue is to take place at the time when the redemption of the award credit takes place which marks the fulfilment of the obligation by the entity awarding the credits.

Accounting is one of the careers expected to continue growing given the current competition in international business and the need for accurate financial information, needed in making critical business decisions.

It is argued, that the building of this stadium is among the interests of the citizens, while the objective is that it discovers the chaotic principles of American policy, and the fact, that different politicians [...]

All such expenses are summed off to indicate the aggregate expenses of the foundation's programs. All such expenses are summed off to indicate the aggregate expenses of the foundation's programs.

Prioritizing the main objectives of the review, this report discusses the characteristics of components of the database and their effective utilization in the organization.

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.

On the International Financial Reporting Standard number two, that is IFRS Two, there was a first announcement or the first issuance in the year two thousand and four with effective dates given as from or [...]

Therefore, there should be a disclosure in the financial statements that the going concern position of the company is in doubt.

This is because a great deviancy shows that the result was not adequate and it needs further research in the five sectors to determine the best pricing strategy for membership fees in the sectors.

There are many users of the financial statements of the Australian company, Petsec The users include the stockholders, the customers, the suppliers, the creditors, the banks and other lending institutions, the government regulating agencies, the [...]

The subject matter of recognition, measurement and reporting of intangibles has been reviewed in accordance with newly inserted accounting standard AASB 138, which is parallel to International accounting standard 38.

The reporting segment has been defined by this standard as a segment that is involved in the business activities of the entity and earns revenue for the entity and incurs expenditure for earning such revenue.

It would be revealed in this essay that in order to ensure the independence of auditors most of suggestions and recommendations of HIH royal commission report have been incorporated in the corporation legislation via CLERP [...]

Depict the characteristics of the standard costing system as a tool for cost control Discuss the consequences for Condon and MWL getting the standards set by a consulting firm.

During periods of depression and recessionary cycle, demand for goods and services get lowered, there is lesser demand and therefore, production may also suffer, since finished goods need to find markets, and not simply decay [...]

The company's EBITD figure is also higher than the EBITD figure of the sector group amounting to only 14.36. The company's figure is also higher than the sector figure of 8.82.

The contribution of intangible assets is crucial to the success of the firms. In particular, intangible assets are rigorously used to ensure that products remain competitive and the reputation of international firms continues to soar.

The YoY% indicates a steady increase in the company's finance cost which indicates the company's reluctance to borrow for financing its operating activities.

Recognition of losses from impairment of long- lived assets is an effort of declaration of fair value of such assets on a reporting date.

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 [...]

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.

The matter under consideration is whether the accountancy in operation with different entities is really serving the objectives of the shareholders, or creating hindrances in the ways of shareholders to obtain necessary information. Financial Accountancy [...]

There were very many problems prior to the railway privatization in 1990.one of the problems that led to the privatization of the railway line in the UK was the misappropriation of taxpayers' money.

Each of the possible approaches in its way is aimed to lattice the capabilities and aims of the individual with the requirements and goals of the corporation.

This article discusses the impact the possible impending recession will have on the U.S.and the world, and if the emerging markets are now strong enough to save the world economy.

Besides the marketing advantages, such outsourcing entails, it is also possible to effect cost savings and reduction in workload of the outsourcing due to use of the international outsourcing techniques.

A critical review of AASB 3 has been undertaken in this essay about procedures of purchase method to be adopted for business combination accounting.

The executive compensation is a matter of concern to the shareholders of a company since the cash outflows from the company on the compensation for the CEO and other executives are phenomenally high.

In the broad range of the accounting system therefore, every structure in the organization is cordially in agreement to one another promoting high sense of individuals in the same organization. One of the determinants of [...]

Additionally, investors use accounting information to access the degree of risks related to their investment in the organization. The managers are expected to run the organization in the interest of the owner.

The Company's profits and, therefore, cash offered from transactions throughout the year are exaggerated by regular sales molds, the timing of new production offerings, business attainments and divestitures, and price modifications. 0 million, for the [...]

The consequent result of these actions on the part of the company makes the stock of the company more diluted as the value of the shares and the profits are spread over a larger volume [...]

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

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 [...]

Also, the ABC system is a lot more complicated, so if the accuracy of traditional overhead allocation is satisfactory and does not cause any profit loss for the company, there is no need to change [...]

The purpose of this paper is to use the governmental GAAP hierarchy for ranking the guidance to address the issues. The second step is consulting GASB Technical Bulletin, and then, it is necessary to use [...]

As noted earlier, the signaling theory is suggestive of a positive association between board size and IPO underpricing based on the underlying assumption that the board size represents or "signals" a firm's quality to investors.

The Kingdom of Saudi Arabia is one of the key players in the economic arena of the Middle East, as well as world trade.

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 [...]

As a result, the attacker knows the password for the administrator account of the company that cooperates with the company of the employee.

The sixth chapter focuses on the annual cash flow analysis as one of the main approaches of the company's cash inflows and outflows examination over a particular time, which determines alternatives into comparable values.

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.

Based on the income and expense statement, net income, the loss ratio, the expense ratio, and the combined ratio have been calculated.

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.

Based on the review of the company's financial statements and relevant sections of the annual report, four key audit risk areas have been identified and discussed in this report by using the integrated reporting concept.

Although there are several competitors in the market offering the same services, the proposed business offers customized and bundled services in the form of standard and premium options for car repair. The fixed and variable [...]

Under the indirect approach, the first item that is presented in the operating activities section of the statement of cash flows is net income, which is then adjusted.

This paper aims to discuss the characteristics of such concepts as variable costs, fixed costs, mixed costs, and job order costing as a part of healthcare services.

The violation of the code of ethics by auditing companies compromised their reputation and the integrity of financial markets, leading to the collapse of their organizations.

This paper addresses one of the issues related to the use of Bitcoin in terms of accounting information systems. On balance, it is necessary to observe that the increasing use of Bitcoin calls for changes [...]

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 [...]

The company selected for the current assignment is Walmart Inc.that is based in the United States but operates in the global market.

Consistent with the American Institute of Certified Public Accountants, they ought to attain a bachelor's degree and a minimum of two years of accounting experience.

Companies can find the most effective employees while people have an opportunity to obtain a high-quality education, experience, and employment in all spheres and all parts of the world.

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 [...]

The experience requirement is necessary for applying for the CMA course. The requirement of further professional education is for obtaining the certificate.

The principle of a true and fair view of accounting is eliminated in cash-basis accounting in the case of governmental reporting.

As loopholes in the legislation are discovered and eliminated, practices that were formerly legal but belonged to the realm of creative accounting may become illegal and fraudulent.

The IAS 16 allows both historical cost and valuation methods in accounting for tangible non-current assets based on asset recognition and measurement. The procurement cost of equipment is a valid cost, and the asset cost [...]

The analysis of the advantages and disadvantages of historical cost and revaluation models seems to highlight greater reliability of fair value than historical cost.

Inventory Turnover = Cost of Goods Sold / Inventory The formula can be used to calculate the inventory turnover for 2017 and 2018.

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 [...]

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 [...]

In terms of financial activities, it is essential to realize not only the meaning of a statement of cash flows but also the types of its calculation.

This is the basic report as it reflects the company's activities related to the production and distribution of its products and services.

Thus, it is essential to understand the value of a cash flow statement and ensure that a company calculates the ratios on a regular basis.

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.

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.

First and foremost, the Internet and various new portals provide relevant financial reports, which is especially important for investors as they have to be aware of all the changes that happen in the market and [...]

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.

In order to get new financing, it is necessary to analyze the situation of the company and present enough evidence concerning future abilities to return the money.

Discount factor for year 0=1/ 0 = 1/1 = 1 Discount factor for year 1=1/ 1= 1/1. 962 Discount factor for year 2=1/ 2 = 1/1.

It is possible to allocate all fixed costs for manufactured Product A and Product B with the help of the activity-based costing method.

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.

For purposes of this report, we only focus on the planning phase, which includes five main steps - understanding the organization's internal control processes, assessing the risk of material misstatements, planning the materiality level, developing [...]

The breakeven calculation will be used as the key tool for costs analysis, whereas the analysis of the company's transactions and operational processes will be used for data collection.

Certain considerations should be identified before extending credit to a customer, including the evaluation of the worthiness of credit to the customer and the business, the identification of such factors as liquidity and the presence/absence [...]

The net income of the company has grown substantially in the past two years, which means that the company was able to manage its expenses effectively to account for the reduction of product revenue.

The most basic and standard type of financial report that every business is expected to maintain is called a balance sheet.

This section analyzes and discusses the financial condition of the Microsoft Corporation with the purpose of elucidating in detail the outcomes of the operations carried out by the company, as well as the financial performance [...]

The audit procedures we undertook when investigating the audit risk areas of Wesfarmers are about the context of our audit process and our analysis of the financial statement of the company as a whole.

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.

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 [...]

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.

An annual report is a report that a company gives to its stakeholders in order to acquaint them with the company's operations and financial variables for a particular year.

It appears logical to regard surveys as some kind of monitoring tool for the mental processes of the buyers; the key aim of such a survey would consist in understanding what has caused a customer [...]