Accounting Essay Topics

Role of the IASB

The International accounting standards board (IASB) aims to develop a set of high quality standards that are both enforceable and understandable that would aid participant in several capital markets all over the globe to make wise decisions economically. The Financial Accounting Standards Board (FASB) provides the generally accepted accounting principles (GAAP) that are utilized by… View Article

Accomplished Senior Level Accountant Resume

SENIOR ACCOUNTANT / AUDITOR Accomplished Senior Level Accountant with exceptional analytical skills and in-depth knowledge of internal controls concepts.  Expertise in conducting operational and financial audits and identifies and implements business process improvements.  Effectively writes recommendations to strengthen internal controls resulting in improved operational efficiencies.  Excellent communication skills. Fluent in English & Chinese                 CORE… View Article

Managerial Accounting In Business

Managerial Accounting is known as the tongue of business. Formalization of data and numbers in such a manner so as to help to arrive at decision making and financial planning is the main object of accounting process. While book keeping is mainly concerned with organizing and keeping records, i.e. books of accounts but managerial accounting… View Article

Accounting Standards

INTRODUCTION Accounting Standards are employed to build the application of accounting practice. The actual financial position of the company can not be presented accurately and precisely with adhering to the principles and standards. Due the evolution of time, the concept has changed to suit the needs of the industry and is also continuously to changing… View Article

Evaluation of Literature Reviews of Three Articles

A literature review is a report of information published earlier from books, journals, newspapers, or any reliable articles that show relevance and significance to the research study being conducted. It is not just a summary of knowledge and scholarly opinions on a specific topic by scholars and academic researchers, but it is also a critical … View Article

Intermediate Accounting

Nicholas Inc. is in need of a new punch press to increase its production output. Their company policy is to have the purchasing department obtain 3 different vendor bids for any major purchases. The engineering department of Nicholas Inc. has determined that each of the three vendor’s punch presses is substantially identical and each has… View Article

The role of management accountant

The eurotunnel, the company that has been experiencing financial problems was recently suspended from the London stock exchange after failing to meet the deadline for filing the account. They have been experiencing financial problems and it almost a year ago when they wrote off three billion sterling pounds. This company was involved in the construction… View Article

The Role of Audit Committee

Audit committee play an important role in ensuring organization is properly run. The committees are used as a check to management of organization in compliance of various set regulations. Worldwide audit committees have specific roles. There are a few differences between role of auditors in the US and other countries. In assignment am going to… View Article

The Shipping Industry Accounting Team

For the past five years I have been working at McKay, Sanderson, and Smith Associates, a mid-sized accounting firm in Boston that specializes in commercial accounting and audits. My particular specialty in accounting practices for shipping companies, ranging from small fishing fleets to a couple of the big firms with ships along the East Coast…. View Article

Payroll Accounting Cycle

The Payroll Accounting Cycle or Payroll Cycle is basically a process for recording time and attendance and converting that data into payroll calculations and payroll disbursements (Robertson, 2003). This cycle covers all activities related to payroll from hiring and firing to pay distribution. The payroll cycle has four basic stages; recruitment, which covers the identification… View Article

Overview of Accounting

The audiences of financial statements and managerial reports include the shareholders, employees, prospective employees, customers, suppliers, the government, the stock exchanges, investors, lenders and the public at large. What is important is that each audience has a different perspective in reading the financial statements and managerial reports. For example, a lender would like to know… View Article

Foundational Accounting Principles and Terminology

We all know how important the accounting aspect of any business/organization is. It is basically the most important way to manage finances. Without proper accounting for all expenses and finances, a company and/or organization will definitely have a hard time being financially stable. In this paper we will discuss some foundational accounting principles and terminology… View Article

The Big Decision

An accountant is expected to be both an accountant and a professional. An accountant should follow general professional obligations. After the incidents involving Arthur Anderson, Enron, and WorldCom, the role of a professional accountant was changed. Brooks (2007) stated, “Professional accountants owe their primary loyalty to the public interest, not just to their own financial… View Article

Accounting: Prudence Concept

Prudence concept: revenue and profits are included in the balance sheet only when they are realized(or there is reasonable ‘certainty’ of realizing them) butliabilities are included when there is a reasonable ‘possibility’ of incurring them. Also called conservation concept. Du Pont analysis A type of analysis that examines a company’s Return on Equity (ROE) by… View Article

Internship Report of Accounting

1. Introduction During April 12th and April 30th, I served as an intern for ZhiqinCertified Public Accountants CO., LTD. Foshan City, ZhiqinCertified Public Accountants Co., Ltd. is officially registered, a certified public accountant firm, in 1990, a period approved by Guangdong Provincial Department of Finance was established in 2000 began operating a limited company, a… View Article