Accounting Essays

Latest Accounting Essays

• Harmonisation Problems in South KoreaPublished: Sat, 08 Feb 2020Extract: Table of contents 1 Introduction……………………………………………………….3 2 History of South Korea’s Accounting System……………………………….4 3 Cultural Factors of South Korea’s Accounting System………………………..5 3.1 Hofstede Model in South Korea’s Cultural Context……………………..5 3.2 Cultural Influences on South Korea’s Accounting System…………………5 4 Reasons for a Shift from K-GAAP to K-IFRS………………………………6 4.1 Korea Discount………………………………………….6 4.2 Importance to Global Trading to Korea’s […]
• How Can Accounting Be Used as a Control Mechanism?Published: Sat, 08 Feb 2020Extract: Every business uses accounting in their daily basis, almost all transactions that businesses make is registered in the financial records of the business. All this information is very important for the business and its decisions as it will help the business in the future to perform better and it will allow the owner to use […]
• Importance of Auditor IndependancePublished: Sat, 08 Feb 2020Extract: INTRODUCTION Independence has been always a huge concern in the auditing profession. Scandals like the failure of Enron has raised the importance of independence of auditing. According to Akpom and Dimkpah, audit independence refers to the ability of the external auditor’s behaviour in terms of integrity and impartiality during the auditing, (Akpom and Dimkpah, 2013) […]
• Importance of Auditing Financial StatementsPublished: Sat, 08 Feb 2020Extract: 1.0  Introduction   This project will discuss the importance of the Audit of Financial Statements. An audit refers a review of the financial statements, financial system, records, transactions and operations of an entity or a project, performed by accountants, in order to ensure the accuracy of the records and provide credibility to the financial statements […]
• Impact of Digitisation on Accounting in New ZealandPublished: Sat, 08 Feb 2020Extract: Introduction This report focuses on an analysis of current developments and critical issues facing organisations from an Accounting perspective. The impact of digitisation on NZ businesses The transformation to digital technologies, including artificial intelligence and automation is rapidly changing the number and types of obtainable jobs in the current workplace of New Zealand nowadays, according […]
• Australian Mutual Provident Society Scandal ImpactPublished: Sat, 08 Feb 2020Extract: The AMP Life scandal, revealed in April 2018, eventually led to the full-blown crisis of the AMP Limited Corporation, which was a giant brand of the insurance industry investigated by Banking Royal Commission. The examination identified a number of system issues, however in this paper, my analysis will concentrate on the fee-for-no-service scandal: “AMP’s processes […]
• Development of Administration Bookkeeping FrameworkPublished: Sat, 08 Feb 2020Extract: Introduction In this report we will comprehend the administration bookkeeping which initiates as an estimation device with arranging techniques and fundamental announcing that makes the business a win. Understanding the administration bookkeeping framework incorporates the pay proclamation on the arch of minimal costing and assimilation costing, different apparatuses for arranging, budgetary control to quantify the […]
• Accrual Accounting and StakeholdersPublished: Sat, 08 Feb 2020Extract: Assignment 01 Part A 1(a). A stakeholder is any individual or entity that has an interest in the success or failure of an enterprise or venture. Stakeholders have a significant influence on decisions relating to the financial and operational aspects of an organization (Smart, Awan & Baxter, 2013). Some of the notable stakeholders who have […]
• Concept of Prudence in Accounting and Financial ReportingPublished: Sat, 08 Feb 2020Extract: “Prudence in accounting and financial reporting has a long-established track record. There is a considerable debate about whether International Financial Reporting Standards (IFRS), as the key global standards, should include prudence and state its importance in their conceptual framework” (ACCA, 2014*).   Critically discuss the debate about the inclusion of the prudence concept in the […]
• Hampshire Company Cost-Volume AnalysisPublished: Sat, 08 Feb 2020Extract: Quantitative Analysis and Memo to Management Here is the cost-volume analysis for Hampshire Company, that you requested. A cost-volume profit analysis is used to assist managers within companies to maintain maximum profits in relation to them number of units sold, pricing, variable cost, and fixed cost. With this analysis we will explain the breakeven point, […]
• Drivers of Change in Management AccountingPublished: Sat, 08 Feb 2020Extract: Recent studies show that Management Accounting has been evolving within the last few decades, each time getting better and adapting to current trends. MA changes have been improved by using a wide variety of approaches and theories. However, (Burns and Vaivio 2001, pg. 392) state that “there is still much to be learned, developed and understood” in […]
• Financial Statements Elements and Financial Statement AnalysisPublished: Sat, 08 Feb 2020Extract: Introduction Financial Statements are Ceremonial records of the Financial act and position of business, person, or any institution. The good and positive Financial Statements reflects how successful is business or company. Market can be on favour of the company if business have a communitive and powerful financial statement. On this project Segment A consist of […]
• Auditing Process for Medical Testing LaboratoryPublished: Sat, 08 Feb 2020Extract: Introduction Auditing is a fundamental process of a quality management system. Auditing allows the process systems of a medical laboratory to be continually examined. The performing of audits by medical laboratories will ensure “the pre-examination, examination and post-examination and supporting processes are being conducted in a manner that meets the needs and requirements of users” […]
• Audit of Lynas Corporation Limited (LYC)Published: Sat, 08 Feb 2020Extract: INTRODUCTION: The audit is about ensuring the working process and system of economic activity which is related to decision making as valid. Completed activities of any business organization need to be monitored and checked by an auditor to understand the potentiality and reliability of the information’s included as accounts and management system. The activities of […]
• Causation of Fraud and Corruption in the Public SectorPublished: Sat, 08 Feb 2020Extract: Impact of Cashgate Corruption Scandal in Malawi – a Qualitative Analysis ABSTRACT This study analyses the causes of Fraud and corruption in the public sector. Specifically, the research is aimed at understanding the cause and effect of fraud and Corruption in Malawi Government Public Service. The research will focus on the loss of public resources […]
• Marketing Audit of the City of WannerooPublished: Sat, 08 Feb 2020Extract: Executive Summary The city of Wanneroo continues to be one of the largest and fastest growing local government authorities in WA.  The rapid growth rate has a significant impact on the City’s finances and resources.  It is vital to plan for the future through long-term planning and robust asset management practices.  Processes should be in […]
• Reality Construction is Irrelevant in AccountingPublished: Sat, 08 Feb 2020Extract: Accounting initially did not have a knowledge base, and this has evolved with time. It is subject to many rules and regulations that change with time. It is through accounting concepts and conventions that its knowledge is based. The view of external realism has been subject to discussion by many researchers (Morgan 1988; Lukka 1990; […]
• Audit Plan of Quality Tools CompanyPublished: Sat, 08 Feb 2020Extract: Introduction   Audit is an independent, systematic and documented process for obtaining audit evidence and evaluating it objectively to determine the extent to which the audit criteria are fulfilled. One basic purpose of an audit is to ensure that cheating has not occurred within the company. (Busby,2011) There are three categories of audits can be […]
• Relationship between IFRS Adoption and Financial Report Readability for Australian CompaniesPublished: Sat, 08 Feb 2020Extract: 1 Executive summary The impact and relationship between the international financial reporting standards (IFRS) adoption of the Australian companies’ financial reports’ readability will be mainly discussed in this report. Firstly, according to the research result of Cheung and Lau (2016), the text length of financial reports has increased and the complexity has decreased in the […]
• Manipulation Strategies in AccountingPublished: Sat, 08 Feb 2020Extract: IAASA Irish Auditing and Accounting Supervisory Authority was established in 2006 for providing Ireland with strong regulatory environment and exercise its powers under the provision of companies act 2014. Roles and Objectives (IAASA)- To help with the betterment of the working of financial reporting and enhances the quality of auditing of public interest entities. Issuing […]
• Accounting for General Long-Term Liabilities and Debt ServicePublished: Sat, 08 Feb 2020Extract: Introduction The use of these debts is part of the fiscal policy of state, specifically for financing the acquisition of general capital assets. The operating statement of the capital projects fund reports increases and decreases in spendable resources (Ruppel, 2015). In general terms, long-term liabilities are financial obligations that become due over one year. Once […]
• Skills Required in Accounting RolePublished: Sat, 08 Feb 2020Extract: Introduction Traditionally, technical skills was seen as a crucial element for career success in the eyes of many accounting graduates (Rebele, 1985). However, as time went by, recent research findings show that it is no longer enough for accounting graduates to only have technical skills and that many employers in the area of accounting prioritize […]
• Making Changes to Accounting Information SystemsPublished: Sat, 08 Feb 2020Extract: When a company makes changes to their accounting information system, it is crucial that they need to consider what exactly they need to change with the new system in order for what to achieve as a goal. To figure out what changes necessary for a company, they need to do a system analysis, which will […]
• Business Requirements for Accounting SoftwarePublished: Sat, 08 Feb 2020Extract: EUREKA LIMITED Executive Summary Eureka limited is a family own business. They run the business of supplying beverages at several pubs, supermarkets, and other different business. They have recently completed 55 years in this beverage supply industry with 73 employees. A few years back, they have launched a new range of healthy beverage in the […]
• Financial Accounting Standards Board (FASB) and International Financial Reporting Standards (IFRS)Published: Sat, 08 Feb 2020Extract:  This research paper is about two particular accounting standards, and how they will emerge to give better guidance for all public and private entities. This paper will address some of changes and issues faced during the process of convergence for both of these accounting standards. There are two separate convergence processes that took place. One […]