Accounting Essays

Financial Accounting I – Compulsory essay due 15th November Discuss the advantages and disadvantages of financial statements prepared on an accrual basis The financial statement is a financial document used to indicate the financial position of a business at a particular moment in time. A business’s financial position can be analysed into three main areas: […]

The Dilemma of an Accountant Studying the ethic case the dilemma is whether Dan Potter, who was assigned to an audit assignment should go by the audit and guidelines or whether he should disregard the ethical standards and continue to follow the instructions of his immediate boss. Dan Potter is working as a staff accountant […]

IFACs Code of Ethics desires to reinforce the professional accountancy and economics throughout the world by contribute a high level of ethical professional guidance, and desiring the Code to be adoptable globally. It is very important because it generates ninety nine percent consciousness among professional accountants and to promote an ethical culture with listing the […]

Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as “the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof. ” “Accounting a business Language” Accountancy is the process […]

The Accounting Standards as per their 2011-12 Annual Report are- 1. AS 1: Disclosure of Accounting Policies- It deals with disclosure of Accounting Principles and policies used for preparation of financial statements of the companies. 2. AS 2: Valuation of Inventories- It deals with determination of amount of inventory to be shown in financial statements. […]

Financial Reporting Principles and Account Standards Lecture Notes – Generally Accepted Accounting Principles: the rules, standards and usual practices that companies are expected to follow when preparing their financial statements The GAAP is made up of the: Framework for the Preparation and Presentation of Financial Statements Accounting Standards (AASB) – Harmonisation is the process by […]

In this article, the diversity in financial reporting system of Mexico is identified from three different aspects – historical influences, cultural influences and current influence. In terms of the historical aspect, this report draws a picture on the Mexican political and economic system, legal and taxation system and corporate financing system; for cultural aspect, the […]

This case was a major turning point to student rights. It all started when Morse a school-supervised event, Joseph Frederick held up a banner with this message “Bong Hits 4 Jesus,” this was meant to the marijuana smoking. When the Principal Deborah Morse saw the banner she took away the banner and suspended Frederick for […]

In the last few years, Johnson and Kaplan who are accountancy experts have debated over the extent management accounting is changing. They argued that management accounting it had not changed since the early twenties century as well as it had lost its importance for the purpose of informing manager’s decisions. Furthermore, the environment in which […]

In the section, I am working as a trainee for one of the retail company mentioned, which has been trading for many years. I have been asked to spend some time in the company’s accounting department. In the purpose of accounting, there are many reasons why accounting is necessary to a business. Recording Transactions Appropriate […]

The Boer War had many possible origins from British self defense to capitalist driven expansion. There remain profound differences of opinion about the war’s origins. Some emphasise Britain’s economic interests in the Southern African periphery, principally the production and supply of gold and the consequent necessity of removing the administratively backward and economically obstructionist regime […]

Current Value Accounting and Its Influences on Accounting Environment Wei Cui Abstract Current Value Accounting is one of the hot spots of accounting researches. Three prevailing current value accounting methods are present value method, current entry price method and current exit price method. All these methods aim at adjusting the book value of assets and […]

Introduction of corporation profile Tenaga Nasional Berhad financial analysis 1998-2007 Profitability ratios and sales revenue Leverage management Earnings per share Liquidity ratios Fixed asset turnover Introduction Tenaga Nasional Berhad (TNB) is the largest utility company in Malaysia. It is also the largest power company in Southest Asia with RM65 billion worth of assets serving over six […]

It is very important to secure all your sensitive equipment and items, and maintain accountability. The reason simply is to keep very important high cost valued items and equipment accounted for so people all around you do not have to deal with the consequences of the lost item or equipment. Also every sensitve item or […]

The RJR Nabisco Company passed trough some amazing facts of its financial life in the years of operating, starting as a tobacco company in 1875. In order to analyze RJR Nabisco company as a potentially candidate for leverage buyout (LBO) it is important to understand that all firms may be the targets of a leveraged […]

The research tackles about the most preferred review school in Metro Manila most sought qualities that future reviewees are seeking in a review center. This paper discusses the results of a study that surveyed more than five hundred (500) graduating accountancy students from six (6) universities. The purpose of this study were twofold: first, for […]

FORENSIC ACCOUNTING Abstract In today’s fast growing business world, it is necessary for an organization to evaluate its systems, internal control procedures and to analyze the risks involved to ascertain appropriate implementation and working of its processes. The organization must also identify, record, settle, extract, sort, report and verify past financial data. With increasing number […]

Internationally, more than 100 countries have adopted International Financial Reporting Standards IFRS or IFRS equivalents, including all EU countries and major Asian countries such as Hong Kong and Singapore which have adopted IFRS almost in their entirety. (KPMG, 2006, pp. 11) The adoption of IFRS in Australia through the Australian equivalents of International Financial Reporting […]

Introduction Although all accountants adopt the generally accepted accounting rules, each industry has its own characteristics. This is why analysts need specific knowledge about the industry so as to decide which set of accounting rules to apply to reflect the financial situation of the corporation best. And in the football industry, perhaps the main characteristics […]

 PART 1 There are 3 years covered in the following primary comparative financial statements, namely fiscal years ended 1 February 2004, 2 February 2003 and 3 February 2002: Consolidated Statement of Earnings Statement of Stockholders Equity and Comprehensive Income Consolidated Statements of Cash Flows There are 2 years covered in the Consolidated Balance Sheet, namely […]

Revenue Recognition Mcdonald’s Corporation Introduction McDonald’s and Burger King have been in competition for over 50 years. Similar companies can choose different revenue recognition methods that can cause them to appear different. This report’s purpose is to explain McDonald’s revenue recognition policies and methods in comparison to Burger King’s. Discussion For Accounting Policies And Methods […]

Analysys Before we answer the question from the title, let’s analyze all the data collected from some media to see how significant shareholder have to bear the risk if the court decided to win Beckett in share dispute, if PT. Adaro convicted the transfer pricing issue and from royalty issue. First we will look dispute […]