Accounting Essay Examples and Topics

International Financial Reporting Standards in Kazakhstan

Introduction Global literature on accounting supplies evidence of the economic implications of accounting quality such as costs of capital (Leuz & Verrecchia 2000) as well as international capital mobility (Guenther & Young 2002). According to Land and Lang, the quality of accounting systems has improved significantly throughout the world since the 1990’s (2002). This improvement […]

The Effects of Technology on the Accounting Profession Paper

Introduction In the past, people considered the axiom “Time is money” as a useless cliché and believed in having all time in earth for meeting their goals in life. However, the current advancement in technology has proved it effective and true. For a person partaking certified public account (CPA) as a profession, the saying is […]

Qualitas of Life Foundation Profile

Introduction A great number of people experience difficulties related to financial issues such as insurance or mortgage being an obstacle for these individuals to live in adequate living conditions instead of thinking about methods that can be used to save their houses or other property. In this respect, financial literacy can be considered one of […]

Enterprise Resource Planning Integration Success

In modern age it is vital to be competitive in order to achieve successes. With this in mind, it is possible to say that any company or organization should watch carefully the development of digital technologies and be able to implement them in its work. Resting on these facts, it seems that the usage of […]

International Accounting Standards Board Relevance

Introduction The ‘International Accounting Standards Board (IASB) develops relevant standards for different accounting practices’ (Saudagaran 2011, p. 27). The IASB also promotes the application and use of different accounting standards. This agency identifies, develops, supports, and approves various International Financial Reporting Standards (IFRSs). The IFRS Foundation monitors the operations and activities of the IASB. The […]

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. The GAAP, which stands for generally accepted accounting principles, follows the US standardized guideline while the IFRS, which stands for international financial reporting standards, […]

Concept in Financial Accounting

Meaning of Full Disclosure This is a concept in financial accounting which requires release of all the facts that are material to financial statements. This is because failure to avail them may lead to misleading information in the financial statements: statement of financial position and statement of financial performance. The material facts include all the […]

The Domination of Financial Accounting on Managerial Accounting Information

Article Summary The article by Halbouni and Hassan (2012) that is titled “The Domination of Financial Accounting on Managerial Accounting Information: An Empirical Investigation in the UAE” is devoted to the topic of the relationship between financial accounting (FA) and managerial accounting (MA). The authors describe the theoretical debate around this issue to determine the […]

Center for Audit Quality

Conducting an audit on a company’s financial statements is not an entirely popular idea. Many managers still hold the belief that conducting external financial audit is too intrusive. Thus, there are those managers who believe that conducting an audit, despite the assured benefits is counter productive. For instance, the cost of hiring auditors is too […]

Advanced Accounting Principles and Practice

Introduction The theory of positive accounting explains the manager’s choices of the specific accounting methods regarding self-interest. It also outlines the relationship among the different categories of stakeholders, and the manner in which financial accounting should be applied to minimize cost through aligning the competing interests. Therefore, this paper is a research work that describes […]

Social Accounting

Definition of social accounting According to Gray, Owen & Maunders, social accounting is the process of communicating the social and environmental effects of organizations’ economic actions to particular interest groups within the society at large. In reference to Crowther, (20) social accounting can be defined as “an approach to reporting a firm’s activities which stresses […]

Function of a Job Description

Introduction Any company that values its human resource and cares about motivation should come up with compensation and benefits plan (Sims, 2007, p. 38).The company needs to hire a non-exempt accountant for the department. As said in the memo, the position will be hourly and will not be available for yearly bonuses. However, evaluation will […]

Financial Analysis of Bayer AG

Abstract This paper demonstrates use of real financial data in financial analysis. The objective is to carry out a broad financial analysis for an actual company. It explores the various techniques and tools used for financial analysis. In the analysis, we use financial data for Bayer AG for five year period from 2006 to 2010. […]

Financial statement disclosures, cash and cash equivalents

A disclosure is additional information provided in a financial statement. Accounting regulations are country specific: they define a country’s accounting practice and penalties for lack of compliance. International financial reporting standards set the global benchmark for accounting. GAAP accounting principles guide USA firms. The financial accounting standard board develops GAAP as per mandate from security […]

Accountability and outcome in the counseling profession

A Client plays a crucial role in determining the outcomes of a therapy program. A counselor and a client must establish a good partnership in order to obtain the necessary information regarding client’s problems. The client should be actively involved in a decision making process when it comes to the choice of his/her therapy. In […]

Management of change at Procter and Gamble

A descriptive case study of 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 achieve and manage change in order to meet organizational objectives. The efforts […]

Companies Directors Mix

When composing board of directors, it is important to have a mix of people working in the organization and people who are not in the company; directors are expected to make sound, timely, and informed decisions, they thus need to be people of integrity, knowledge, and strategic management mind. When having internal directors, they understand […]

Accounting and Business Management Case Study

To effectively manage an organization, leaders should manage accounting information effectively. Although Vincenzo Vasta has been successful in his restaurant business, much success and ease in management can be attained with effective accounts management practices. Accounting information is crucial for decision making to both internal and external users of accounts. When up-to-date and accurate accounts […]

Business and accounting

The adoption of a set of global financial accounting standards from the perspective of the UK Introduction The accounting standards and the financial reports are important in every organization. They vary from one organization to another depending on the nature and environment of the organization. Regulation of the global economy may be achieved by adopting […]

The accounting summary report for the Lemonade stand business

The accounting summary report for the Lemonade stand business is focused on the first six business days. The accounting summary report will discuss the journal, income statement and balance sheet, three key documents that a business has to have in order to perform its operations. Journal The journal for the Lemonade stand business is generated […]

Financial Accounting Theory

Entities that are accountable to the public are required to prepare the general purpose financial statements as demanded by IFRS. For an entity especially a small and medium enterprises to be publicly accountable, two conditions must be satisfied. The first condition requires that the company’s equity or debt instruments must be traded public in the […]

Basis of accounting

Explanation of the accrual basis This is an accounting principle that has numerous applications in the finance sector. This principle forms the basis of recording revenues and expenditure in an entity’s statements. This principle recognizes revenues once they become receivable. Consequently, no monetary transfer is essential for certain revenues to be included in the records. […]

International Accounting Standards

Introduction 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. Therefore, the international standards are normally developed by global or international organizations in order to regulate the operations of various processes that are carried out internationally. International standards aim […]

International Accounting

International Financial Reporting Standards (IFRS) are the set principles on how different types of financial transaction should be reflected in financial terms. The set IFRS standard ensures that business and other financial activities are carried out in the fairest way in the global business. It is a basis of financial reporting for the publicly held […]

Accountability in Sports Management

Introduction Sporting activities are a multibillion industry. Image is one of the most important aspects of sports. Sponsorship deals account for a sizeable percentage of sports revenue. In addition, television rights also account for a significant percentage of sports revenue. This necessitates parties that are involved in sports management to have a high level of […]

Accounting Cycle: Common Steps

Accounting cycle is a series of activities that that shows the entire process a transaction goes through from start to end. These processes are repeated in each accounting period. The paper discusses the accounting cycle of the office of the chief financial officer. The cycle follows some common steps. The first step is identification of […]

Management and accounting

Introduction Efficiency in management and accounting process and procedure has become one of the most critical aspects in the management of companies in pharmaceutical industry in the United States in because it determines their ability to articulate their objectives in tandem with the national and global demands. Employing the correct accounting methodologies is a bridge […]

Financial Accounting

In this paper, the author works for the Brisbane office of a firm of public accountants whose clients have made immense investment in their brand developments. Following this hefty investment, the clients encounter large amounts of expenditure to market and build their brands. Consequently, they are seeking the necessary information on whether they ought to […]

Accounting Theories

It is possible to use the stakeholders theory in analyzing the case study ‘Westpac chief admits banks failed in the bush’ by Sid Harris (Deegan 2009, p.326). 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 […]

Management Accounting in Company

Stakeholders A number of parties have stakes in this situation. The situation presents a financial decision which has a potential for causing a negative impact if it is known publicly and even if it is not known publicly, it may have financial consequences in the future. Top management: In particular, the Chief Financial Officer (CFO) […]

Environmental factors which influence Accounting Systems

Introduction The aim of accounting systems is to offer useful information to stakeholders that can enable them make proper economic decisions. Stakeholders may include the government, the society or shareholders of a company. The accounting systems therefore reflect the needs and interests of the stakeholders. Accounting systems and practices have characteristically taken different patterns in […]

Australian Securities and Investments Commission

Introduction The outcome of the case between the corporate regulator and Centro Properties Group Directors over their involvement whether knowingly or not on pieces of plots on the beach had a far more reaching impact on corporate governance and laws in Australia. Very few Australians even directors of large corporations in the country knew the […]

FASB versus IASB

IASB stands for International Accounting Standards Board, while FASB stands for Financial Accounting Standards Board. These two bodies play a major role in setting the pace for internationally acceptable accounting policies. The two boards are among many organizations of this nature. This report focuses on the differences of the two boards and also their respective […]

Apple non-GAAP Accounting Principle

Apple Inc., along with other companies like Cisco and other companies show their earnings in non-GAAP (generally accepted accounting principles) figures, as they are believed to reflect their earnings better. Apple undertook a non-GAAP accounting principle in the first quarter of 2010 (Adhikari, 2010). Non-GAP financial measures that Apple included in its reports were “adjusted […]

Intangible Assets in Finances

Intangible assets are those assets that cannot be seen, in the past it has been difficult to value them since they lacked production cost and their value was not quantifiable. Either way, these assets are ever present in the many organizations, both profit making and non profit making. It is crucial for intangible assets to […]

Penalties for Aggressive Accounting

Introduction This paper describes how managers get reputational penalties simply because of announcing earnings restatements which have been on the increase in the recent years. The penalties are meant to act in accordance with the stated laws that tend to punish the persons who break the GAAP rules. Managers have been known to indulge in […]

Financial Accounting versus Managerial Accounting

There are two main branches of accounting. These are Financial Accounting and Managerial Accounting. The two types of accounting have a number of similarities and considerably numerous differences. The following paragraphs compare and contrast the two types of accounting using the subject-by-subject comparison structure. Financial accounting refers to the type of accounting that deals with […]

FASB and GASP Accounting

Introduction There are two boards that make up the Generally Accepted Accounting Principles board (GAAP). The Government Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) make up the Generally Accepted Accounting Principles board. The government accounting standard board is widely used by the state and other government agencies. On the other hand, […]

Forensic Accounting

The increase of the percentage related to the financial and corporate crimes influences the changes in the role of forensic accounting for businesses. Specific forensic accounting skills are necessary to control the situation within companies in order to avoid and predict financial crimes because of the spread of financial fraud as the negative tendency in […]

Accounting Aspects of Corporate Governance

Multinational companies are striving to have good corporate governance (GCG) status since the Security Exchange Commission (SEC) demands that firms should protect the interests of all stakeholders. From a historical perspective, surprise failure of giant corporate bodies like Enron, ABC Learning Centres, Allco Finance, and Lehman Brothers hastened the need for GCG. In line with the […]

Accounting Environment and Role in Economy

Accounting professionals give information on the economic trends and operations of corporations or people. From a historical point of view, such pieces of information were necessary for insiders in organizations. Nevertheless, with the complex nature of the growing economy, several players required the information for different reasons. In providing information to stakeholders, accounting professionals have […]

Accounting/Financial Services Provider Strategic Planning

Porter’s Five Forces Analysis An industry’s external environment refers to the factors outside the control of the firm. The factors may influence the firm positively or negatively. These external factors are economics, legal environment, demographics, natural resources, technology, and social economic factors among others (Brech, 2008). The model can be used to analyze the external […]

Dishonest Behavior in Accounting

Introduction Accounting is a practice and body of knowledge concerned with business recording methodologies, keeping of financial records, auditing, analysis of financial information, and advising on tax matters (Clayton 45). It applies as a systematic process that entails discovery, recording, measuring, arrangement, confirmation, elucidation, and statement of financial information. Accounting also entails preparation of financial […]

Health Care Financial Accounting

Introduction There is need for a company to ensure that accounts receivables are paid within the agreed period. Moreover, healthcare institutions should consider including new affordable services at the outpatient surgery center. This paper aims at discussing whether an employee should be given a bonus or probation after the company realizes a doubling in the […]

Accounting Profession

Introduction Accounting is generally concerned with transferring an organization’s information to people who need it. The information is structured in the form of financial statements. In a business organization, there is a lot of information that is required in order to assess the performance of the business, its future viability, credit worthiness, and to project […]

Concept of Discipline Investigation in the Accounting Field

Introduction This discipline investigation is a process of examining the trends, responsibilities, and possible career paths in the accounting field. By conducting the discipline investigation, my expectations are clarified. I am encouraged to add courses that will increase my employability. I chose to pursue a Bachelors degree in accounting because of the social recognition that […]

XYZ Corporation transition to IAS

Executive Summary Following the plan of XYZ Corporation to transition from GAAP to IAS, this report will explore the major areas that the corporation should take into account and recommend areas of importance. IAS reporting standards are universal reporting principles that will ensure the uniformity of financial reporting internationally. The major findings include that there […]

AICPA Code of Professional Conduct

Why is it considered as the foundation of ethical reasoning in accounting? The American Institute of Certified Public Accountants (AICPA) has outlined the expected Code of Conduct for accounting professionals. It is indeed considered to be the backbone of ethical reasoning in the field of accounting. Needless to say, there are several reasons why AICPA […]

Contact Report: Personal Property Auditor of San Francisco

Executive Summary This report is on an interview I did with the Personal Property Auditor of the City of Francisco. We had a discussion on his professional and personal life and what motivates him. This interview describes the auditor’s personality and background. It was done on October 10, 2012, at his office in San Francisco. […]

GAAP and IFRS – Financial Statements

The Securities and Exchange Commission (SEC) administers and enforces various laws that affect the securities of the investors. [1] It ensures that the investors in the security markers are protected from exploitation and misuse of their funds by the brokers, investment mangers and other clearing agencies. It therefore assists in controlling the marketing policies. It […]

Accounting Department Wellness Program Proposal

In order to ensure that the participation of employees in the wellness program is maintained, use shall be made of participative leadership style. This is because this form of leadership style is known to bring harmony in a team (Dubrin 2011, 466). Not only is it a motivator to the participants, but it also enhances […]

Liability and Accountability- Discussion Post

Discussion Board Post Introduction Liability and accountability are a vital requirement for any profession in order to ensure that activities are done in a required manner, and that people can be held accountable in cases whereby such activities are not done in a required manner. Specifically, liability implies that an individual should rightly incur the […]

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 learnt in classroom to real complex situations. In addressing this, the authors analyze the issues of regulatory accounting principle […]

Accounting Information System case study

The subject of the case study is a hospital that uses an intranet to aid in the making of decisions and also carrying out internal auditing. 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 […]

Ligand Pharmaceuticals

The Ligand Company violated U.S. accounting standards and concepts, specifically U.S. GAAP when it understated its sales returns to present a better financial picture of the company. The research focuses on the Ligand violations of U.S. consistency, comaparability, and fair presentation standards and concepts (Bragg, 2007). The research focuses on the criticism on PCAOB for […]

Differentiating financial and Managerial accounting

Accounting is classified into two main types; financial accounting and managerial accounting. Financial accounting refers to the generation of periodic reports in conformance to the requirements of shareholder statute and other external bodies like government agencies. Managerial accounting refers to the identification, processing and communication of information needed for managerial planning, evaluation and control in […]

Accounting Ethics

Introduction Accounting information is vital to internal and external users of financial accounts; accountants are expected to present accounting facts in logical and genuine manner to facilitate their relevance in decision making. Such information is required by managers, shareholders, government, potential investors, investors, capital lenders among others. Hospitals are no exemption to the need of […]

How Organizations Use IS/IT

Automating Systems e.g. Accounting Information System Accounting Information System (AIS) is an interactive human interface that enables organizations to make decisions. Companies develop it in form of Software to help manage data. It generates/stores information helpful in making critical decisions. These decisions include strategies, goals and cost saving procedures. The design of the Software is […]

Accounting: Absorption Costing and Variable Costing

Introduction Direct costing, which is also known as variable costing has been used most predominantly as an alternative to absorption costing over the last 70 years. Even though absorption accounting, as suggested in accounting textbooks, must be employed in preparing income tax reports, financial statements as well as in defending pricing models, a number of […]

Importance of Accountability

To provide timely, quality and efficient medical services, medical staffs need to be accountable of their actions. Positive organizational culture and effective checks and balances within an organization reinforce accountability. This paper discusses the importance of accountability in hospitals and the role of leaders in maintaining positive organizational culture in their facilities. Why is accountability […]

Adaptation and Accountability

Measures taken to facilitate the accountability process in the Kerara local government Accountability can be described as a state of responsibility. In this state, members are required to take responsibility of their actions and inactions by giving appropriate explanation. All public officers serving in pubic institutions must exercise accountability by accepting to take responsibility. They […]

Accounting in business

Accounting is referred to as “the language of business”. It is an art of recording, classifying and summarizing information about a business entity in relation to economic resources that are used in finding out the causes of success and failure in business. Due to its relevance in business it has been developed into two models; […]

Accounting and Finance: Importance of the Studies in Today’s Society

The world of accounting and finance is very interesting from different perspectives: first, accounting and finance help to develop new services and improve people’s living conditions; second, these two concepts are the major needs for decision makers; and finally, these current studies may be stimulating and rewarding at the same time, because accounting and finance […]