Essays on Management Accounting

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...

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,...

“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...

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...

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...

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...

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,...

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...

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...

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...

In modern tax systems, taxation is exercised not only as a means by which the State meets its most pressing needs for financial resources but also as a means of stimulating economic behavior. In other words, the tax system can act as a collecting tool,...

The principle of IRC and Duke of Westminster No. 1 of 1936 is that a person can manage his financial situation and he must pay a lower tax. If he manages to do so, he will not be punished by tax laws. Later, when the...

According to OECD (2011) and Hugh (2010) taxation has become a major area of development support and advice. Several reasons for this are likely: the potential benefits for state-building, growing desire to reduce reliance on foreign development assistance, the fiscal impact of trade liberalization, the...

The results of these studies contrasted more recent studies in terms of its effects on economic growth. I will be investigating several research papers, as well as analysis economic indicators and various other sources, in order to determine whether or not South Africa is heading...

The Wars novel by Timothy Findley published in 1977 portrays Robert Ross as Canadian Soldier fighting an internal war of self-condemnation after his sister Rowena’s death and the movie All Quiet on the Western Front directed by Delbert Mann (1979) based on the novel of...

Jensen (1986) provided the first inkling to agency theory and his discussions about this topic has brought about many fundamental issues in research literature one of which is the free cash flow hypothesis. Jensen (1986) defined free cash flows as the net cash flows in...

A balance sheet is a financial statement that gives an outline of a company’s assets, liabilities and shareholders’ equity at any particular point in time. The balance sheet shows the dollar amount of you assets vs. your liabilities and owners equity. The assets side of...

Availability of cash is essential to the company since it contributes to the long-term survival of the business. Improper policies and procedures in the management of accounts receivables lead to shortages in cash flows and consequently leading to the inefficiency of the company. This chapter...

Cash flow management is a process that enables the company monitor, analyze and optimize the net amount of revenue relative to the expenditure. Cash flow management is a key indicator in determining the efficiency and productivity of the business, and consequently the financial health of...