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Accounting Essay Examples and Topics

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

Financial and Management Accountancy to Work in Union

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 [...]
  • Pages: 11
  • Words: 2742

Management Development Issues

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.
  • Pages: 4
  • Words: 1114

America’s Vulnerable Economy

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.
  • Pages: 3
  • Words: 866

CEO Salary Payments in the US Review

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.
  • Pages: 6
  • Words: 1769

Accounting Philosophies and Theories

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 [...]
  • Pages: 18
  • Words: 4935

Impact of Accounting Information on an Organization

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.
  • Pages: 3
  • Words: 942

Hershey Corp. & Tootsie Roll Industries’ Finances

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 [...]
  • Pages: 3
  • Words: 729

Accounting. Brands’ Value on the Balance Sheet

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 [...]
  • Pages: 7
  • Words: 2820

ABC Costing System: Benefits From Implementing

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 [...]
  • Pages: 2
  • Words: 572

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

Sneaker 2013 and Persistence Case Analysis

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

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

Tesco Plc.’s Audit Risks and Plan

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.
  • Pages: 6
  • Words: 1647

Gary Automobile Clinic’s Business & Financial Plan

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 [...]
  • Pages: 6
  • Words: 1680

Auditing After Enron or Financial 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.
  • Pages: 6
  • Words: 1755

Bitcoin Issues in Accounting Information System

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 [...]
  • Pages: 4
  • Words: 1145

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: 4
  • Words: 2193

Walmart Inc.: Accounting

The company selected for the current assignment is Walmart Inc.that is based in the United States but operates in the global market.
  • Pages: 2
  • Words: 605

The Concept and Role of CMA Certification

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.
  • Pages: 2
  • Words: 566

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

IAS 16 Model in the Accounting

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 [...]
  • Pages: 3
  • Words: 824

IAS 16 Model: Property, Plant & Equipment

The analysis of the advantages and disadvantages of historical cost and revaluation models seems to highlight greater reliability of fair value than historical cost.
  • Pages: 3
  • Words: 894

Accounting: Constructing Economic Reality

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 [...]
  • Pages: 6
  • Words: 1708

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

Nestle Pakistan Ltd: Financial Information

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.
  • Pages: 4
  • Words: 1197

Financial Analysis and Forecasting Using Twitter

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 [...]
  • Pages: 2
  • Words: 676

Aramark Inc.’s Audit Planning Steps

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 [...]
  • Pages: 10
  • Words: 2779

Management Accounting: Costing and Budgeting

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.
  • Pages: 7
  • Words: 1992

Accounts Receivable and Credit Evaluation

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 [...]
  • Pages: 2
  • Words: 658

Annual Corporate Reports and Requirements

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 [...]
  • Pages: 5
  • Words: 1404

Wesfarmers Company’s Financial Statements Audit

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.
  • Pages: 24
  • Words: 6665

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

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

Advertising Effectiveness and Revenue Measurement

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 [...]
  • Pages: 2
  • Words: 317

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

Cash Connection Company’s Analysis

The economic conditions resulted in a decline in the ability of the customers to repay their loans on time. The value further declined to $271,961 in 2009, an equivalent of a 20.
  • Pages: 7
  • Words: 1926

Financial Accounting Standards Setting

In support of doing more FVA, Laux and Leux argue that in the case of perfect markets and considering the presence of a crisis, the measure can help in providing the necessary and relevant information [...]
  • Pages: 4
  • Words: 1411

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 Information System at Riordan Manufacturing

The steering committee plays the most important role in developing the AIS used in the production cycle at Riordan Manufacturing because the members of the committee are responsible for the development and implementation of the [...]
  • Pages: 3
  • Words: 861

Company Inventory Management Report

Let's analyze the two options in terms of liquidity, profitability, breakeven point; This is the availability of funds to meet short term and long term financial liabilities as they fall due.
  • Pages: 6
  • Words: 1826

Accounting Standards and Effects

Given that PSGT is a large corporation with capability to expand to global markets; it is likely that its network will be extremely wide.
  • Pages: 4
  • Words: 1217

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: 4
  • Words: 1789

Social Accounting and Reporting Regime

Given Holdaway and Davis assertions, it is imperative to analyze the social and environmental impacts emanating from the failure by Ok Tedi Company to implement social accounting standards.
  • Pages: 3
  • Words: 924

Social Reporting and Market Efficiency

On the other hand, the economic dimension of social reporting deals with the impact of the organization on the economic systems and economic circumstances of the various stakeholders.
  • Pages: 3
  • Words: 808

Amazon.com Inc.’s Cash Flow Statement in 2007

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.
  • Pages: 2
  • Words: 574

Jonesboro Newspaper’s Budget and Cash Flow

A budget enables an individual to forecast the amount of money to be realized upon the execution of a given undertaking. A part of the income from the company will be used to cater for [...]
  • Pages: 2
  • Words: 574

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

Plan for Conducting Investigation in Companies

The number and the authenticity of the accounts should be verified to check on the possibilities of fictitious accounts. The review on the sales should be done together with the review of inventory's amount and [...]
  • Pages: 12
  • Words: 3300

Abel Athletics Company’s Financial Management

During such evaluations, creditors need to know how much debt can be realistically paid from the revenue of the business, duration, and profitability of the business, the existing credit and various credit limits, assets of [...]
  • Pages: 2
  • Words: 565

Accounting Systems Design and Development

The values of the outsourced company may not be the same as that of the premier. The case reveals that these are the issues that need to be addressed at the premier, and it justifies [...]
  • Pages: 5
  • Words: 1400

Financial Viability and Statements in Healthcare

For healthcare organizations, the following documents must be considered a necessity: a statement of financial position, a balance sheet, a statement of cash flows, a statement of operations, a statement of change in net assets, [...]
  • Pages: 3
  • Words: 840

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: 553

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

Career in Accounting: Important Aspects

Overall, success in senior accounting is attributed to the openness to new experiences and the pursue of knowledge. In researching the topic of becoming successful in senior accounting, one is recommended to pay attention to [...]
  • Pages: 7
  • Words: 1936

Audit in Business and Public Organizations

The main difference is that performance auditing seeks to improve the effectiveness of an organization while compliance auditing is undertaken to examine whether procedures and financial reports are in accordance with existing policies, procedures, or [...]
  • Pages: 3
  • Words: 863

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: 16
  • Words: 4988

External Report Standards

BPP Learning Media emphasises that while the auditor may provide recommendations to the board of directors of a particular company, the purpose of the report is to only display factual information.
  • Pages: 4
  • Words: 1139

Operating and Cash Conversion Cycles in Business

In business operations, the term Cash Conversion Cycle refers to the average time that elapses when a business enterprise makes a payment for particular inventory investment and the time when the agency receives payment on [...]
  • Pages: 2
  • Words: 622

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

Balanced Scorecard in Business and Non-Profits

The brief analysis of literature makes it possible to conclude that the Balanced Scorecard system is suitable for bigger organizations and, in any case, requires the adaptation to the organizational features.
  • Pages: 2
  • Words: 611

Phonia Phelps Company’s Semi-Annual Budget

Phonia Phelps Company is making a budget preparation for the semi-annual of the year ending 30 July. The sales budget is a schedule showing sales expected for a given time in detail.
  • Pages: 3
  • Words: 1016

Dividend as a Contribution the Business Success

As the research shows, the majority of organizations consider reinvested earnings as the leading source of financing, and because the payment of dividends reduces its volumes, the decision on the way dividends are paid affects [...]
  • Pages: 2
  • Words: 577

Enron, Arthur Andersen and New Accounting Rule

It is important to find out if the revelation improves the quality of the auditing process and level of accountability as perceived by the insiders and corporate leaders of the accounting firm in order to [...]
  • Pages: 5
  • Words: 1270

Accounting Concepts for Financial Reporting

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.
  • Pages: 5
  • Words: 1418

Accounting Conservatism and Contracting Explanations

The greater the degree of separation in verification, the stronger the conservatism. Overall, the benefits to conservatism are united by the principle of limiting payouts and meticulous verifiability of profits, which aid in providing accurate [...]
  • Pages: 2
  • Words: 577

Earth Ltd.’s Management Accounting and Performance

In the current report, the cash budget of Earth Ltd.is prepared based on its cash inflows and cash flows. The data of Earth Ltd.is used for preparing different budgets including production budget, sales budget, direct [...]
  • Pages: 9
  • Words: 3448

Accounting Issues, Dilemmas, and Resolutions

However, Tietjen bemoan the fact that in a real-world setting, the accountants do not have absolute power to remain independent in terms of choosing and utilizing the most appropriate accounting parameters for the purpose of [...]
  • Pages: 4
  • Words: 1045

Deferred Tax Assets and Future Payments Study

The author also establishes the significance of the research question, explaining that determining the presence of a strong association between deferred taxes and future tax payments could be used to improve the current financial accounting [...]
  • Pages: 2
  • Words: 564

Accounting: Why PayPal’s Numbers Look So Good

PayPal, a company that specializes in online money transactions for the purchase of different goods, ranging from games to clothing articles, always looks good for potential investors and has a history of exceeding the expectations [...]
  • Pages: 2
  • Words: 292

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

Incidents of Accounting Anomalies in the Organization

The initial evaluation of the company highlighted the failure to include inventory write-downs in the financial records. It is essential to note that the latter action could lead to the imprisonment of the concerned officers [...]
  • Pages: 8
  • Words: 2285
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