Home > Free Essays > Business > Accounting

Accounting Essay Examples and Topics

Managing Financial Resources and Decision-Making

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 [...]
  • Pages: 12
  • Words: 1079

The Sarbanes-Oxley Law Conference

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.
  • Pages: 2
  • Words: 706

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

Contract Administration and Property Management

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.
  • Pages: 6
  • Words: 1304

Accounting. Cost of Ownership – Estimating

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 [...]
  • Pages: 3
  • Words: 824

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

Mavis Bank Coffee Factory Business Strategies

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 [...]
  • Pages: 2
  • Words: 767

Statements of Financial Accounting Standards 116 and 117

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 [...]
  • Pages: 2
  • Words: 384

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

WorldCom: How Corporations Misuse Data to Make Gains

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 [...]
  • Pages: 2
  • Words: 609

Accounting: eBay Inc.’s Stock Option Plan

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 [...]
  • Pages: 3
  • Words: 848

Accounting, Internal Control and Cash

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 [...]
  • Pages: 3
  • Words: 840

ABC Incorporation: Tracking Software Sale Transactions

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 [...]
  • Pages: 2
  • Words: 748

Management Accounting: Break-Even Analysis

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 [...]
  • Pages: 7
  • Words: 1212

Inventory Internal Control Procedure

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.
  • Pages: 2
  • Words: 650

Accounting for Sales Tax Revenue in Florida State

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 [...]
  • Pages: 8
  • Words: 3001

Statement of Financial Accounting Standards no. 142

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 [...]
  • Pages: 11
  • Words: 2572

Nintendo Co.’s Financial Statements

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 [...]
  • Pages: 8
  • Words: 2144

The Financial Accounting Standards Board

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.
  • Pages: 5
  • Words: 2925

Accounting Costing: Cost-Volume-Profit Technique

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 [...]
  • Pages: 6
  • Words: 602

Next Plc.: Accounting Principles

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.
  • Pages: 8
  • Words: 2050

Bill and Melinda Gates Foundation’s Accounting

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 [...]
  • Pages: 2
  • Words: 435

Locke’s Theory of Original Acquisition

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.
  • Pages: 3
  • Words: 841

IFRIC 13 Customer Loyalty Programmes

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.
  • Pages: 7
  • Words: 2154

Breakdown of Accounting

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.
  • Pages: 3
  • Words: 790

“Uncovering the Dome” by Amy Klobuchar

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 [...]
  • Pages: 4
  • Words: 1111

Accounting Systems of Northwind

Prioritizing the main objectives of the review, this report discusses the characteristics of components of the database and their effective utilization in the organization.
  • Pages: 4
  • Words: 1110

Financial Accounting Standards. Statement 130

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.
  • Pages: 11
  • Words: 2562

New Accounting Rules Don’t Add Up

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 [...]
  • Pages: 15
  • Words: 4190

Management and Cost Accounting in Organization

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.
  • Pages: 4
  • Words: 1448

Petsec Energy: Audit Risks and the Corresponding Audit Plans

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 [...]
  • Pages: 6
  • Words: 1745

Intangible Assets: Australian Accounting Standards

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.
  • Pages: 8
  • Words: 2544

Hih Royal Commission: Auditors Independence

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 [...]
  • Pages: 7
  • Words: 2032

MWL Company’s Management Accounting

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.
  • Pages: 10
  • Words: 2874

Inventory Controls in Manufacturing

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 [...]
  • Pages: 8
  • Words: 1971

The Best Pty Ltd: Company Analysis

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.
  • Pages: 3
  • Words: 1007

Impairment of Assets Definition

Recognition of losses from impairment of long- lived assets is an effort of declaration of fair value of such assets on a reporting date.
  • Pages: 2
  • Words: 1149

Comparison of IFRS and United States GAAP

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 [...]
  • Pages: 2
  • Words: 641

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