Essays on Accounting

Mrs. Townlian Accounting January 19 Accounting is planning, analyzing, and interpreting financial information. Or less commonly known as the art of recording, classifying, summarizing, in a remarkable way, in terms of money, transactions, and events usually of financial classification (“Users Of Accounting”). Accounting allows those...

In context of corporate governance, there are two vital elements that needed to be maintained in order to ensure efficiency and transparency of organizational operations. These two elements are accountability and performance. Shareholder’s confidence is enhanced by good corporate governance practices. Thus, Good corporate governance...

Company’s Overview AMAC was formed in 2006. It is engaged in the services, supplies, distribution and marketing of petroleum & petrochemical products. It has expertise in fuel and lubricants industry. Being in the business since last ten years and having worked for market leaders like...

From my reading of Literature everywhere it suggests that the computer has simplified financial accounting and embracing computers have helped tradition financial reporting. Role of computers in financial accounting and accounting software packages. Accounting software packages can help a business with usual everyday financial accounting...

American Accounting Association describes depreciation as, ” Any decline in the service potential of plant and other long term assets should be recognized in the accounts in the periods in which such decline occurs. The service potential of assets may decline because of gradual or...

Every enterprise whether big, medium or small, needs finance to carry on its operations and to achieve its targets. In fact, finance is so indispensable today that it is rightly said to be the life blood of an enterprise. Without adequate finance, no enterprise can...

Basically there is an act based on business registration. According to that act law governing partnership in Sri Lanka is English law which consists of Partnership Act of 1890. As per the Act a partnership is the relations which subsist between persons carrying on a...

Accounting relies on many assumptions. Among these concepts business entity is a considerable concept. The business entity concept which is also known as separate entity and economic entity concept states that the business and its owners are two different identifiable parties. In other words, the...

The Accounting Cycle is a combination of processes that occurs at various periods throughout a designated time period. The time period can be weekly, monthly, quarterly, semi-annually, or annually, based on the needs of the organization or company for which the accounting cycle is being...

Career development plans are very important when it comes to a successful career. If you are an accounting clerk, your career development goals can be quite specific because in this type of job, you need to have a mind for details and numbers and it...

On the backdrop of high profile accounting frauds and misstatements, Sarbanes – Oxley Act (SOX) was introduced in 2002 with an intended goal to make corporate accounting more transparent. Security Exchange Commission (SEC) was handed the enforcement responsibility and a new oversight body was formed...

There are 7 types of accounting which is government accounting, forensic accounting, cost accounting, auditing, tax accountant, financial accounting and management accounting. Government accounting or also known as public sector accounting, refers to the type of accounting information system used in the public sector. Government...

Accounting is a system by which financial information is identified, recorded, analysed, summarized, and reported for the use of decision makers. Put simply, accounting is the language of business. An accounting system tracks down all the financial activities of an organization (whether it’s the great...

Today fraud is more sophisticated and devastating than it was ever before. In recent years, the complicated nature of current racketeering and anti-graft laws as well as regimes especially addressing accounting transparency, has driven the growth of forensic accounting worldwide. Though a niche field, the...

Money is very important in our everyday lives as it is the reason why most humans work hard to gain in order to maintain a stable or a good lifestyle. Throughout the years accounting has been the main role to new start-up businesses or running...

Nonperforming credits is regular wonders for managing an account industry in Bangladesh. A Non-performing advance is a credit that is in default or near being in default. Numerous credits move toward becoming non-performing in the wake of being in default for 90 days, yet this...

The title of the job that I choose is Junior Accountant in the APP Group for brands like Mackage and Soia&Kyo. This job attracted my attention because it is an entry-level job, so at this stage, I can start my career with a possibility to...

TeamMate Analytics The data analytics program TeamMate Analytics is an auditing software tool designed to streamline effective and efficient internal and external audits. TeamMate Analytics software is used in over 70 countries across the globe and serves more than 100,000 auditors and 2,500 organizations ranging...

Coming from a family of Accounting and Finance professionals, I have learned early in life the importance of money management, as well as maintaining a well-balanced life; thus I believe that ‘Life itself is like accounting, everything must be balanced’. From a young age, I...

Many businesses around the world fail to realize the importance of working with accounting services Dubai. As a matter of fact, many owners want to take a more engaged and hands-on approach, leading them to neglect the role these professionals play in their company. However,...

Starting my A level in economics by learning things such as the power of money and how the government tries to control the actions of people through fiscal changes, sparked a sudden interest to me regarding the world of finance. Not only was it a...

There are many languages in the world, but one language can be recognised by all and that is the language of digits. From time to money everything is the game of numbers and digits. Throughout my study years I have been attracted to numbers. Not...

“A dream does not become reality through magic; it takes sweat, determination and hard work”-Colin Luther Powel Throughout my life, I have dreams that push me to do my best and make me feel to do more. My journey began with getting a gold medal...

Introduction Recent corporate financial accounting scandals like WorldCom, Global Crossing, Tyco, Enron and many others have increased concerns about fraud globally, cost shareholders billions of dollars in value, and led to the corrosion of investor confidence in financial markets Peterson and Buckhoff (2004); Hogan, Rezaee,...

WorldCom was a large telecom company in the United States that enjoyed an almost meteoric rise during the 1990s but later ran into trouble in the early 2000s, particularly 2001 was difficult. This case gives future generations of accountants the opportunity to study the largest...

Money is powerful, and improper management of your finances can be detrimental. Witnessing the strain finances can put on lives sparked my curiosity into finance, because I wondered how not to end up in those circumstances. As I got older my curiosity turned into a...

The hypothetical scenarios presented in Economics allows me to fully express myself. I like being able to question different aspects of the economy and how each one can have an impact. I predominantly enjoy studying Economics at A level especially looking at markets, externalities and...

My love for accounting began in primary school as I learned how to play with numbers through addition, subtraction, multiplication, and division. Coupled with my early interests in numbers and computations, my passion for accounting and finance as a career was enhanced by the people...

Accounting was first introduced to me by a family member who was working towards being a chartered accountant. After explaining his role at work, I realized this was something I was incredibly interested in and therefore began to conduct my own research on the career...

‘The meaning of numbers in our lives’ is Earl Kay Stice’s speech, expressing the benefit of numbers in our daily existence. In modern society, accounting and finance have had universal effects, dominated by banks and financing all over the world. It makes up every aspect...