Accounting Essays

The Advantages And Disadvantages Of Traditional Absorption Costing And Activity Based Costing

Example essay. Published: 1st Jan 2015

The major distinguishing features of ABC compared with traditional costing system are that ABC systems assign costs to activity cost centres rather than departments. (Drury, 2008) Although traditional ...

The advantages and disadvantages of traditional Absorption costing techniques

Example essay. Published: 1st Jan 2015

Introduction Through the years when it comes to planning Managers has developed techniques and methods of forecasting future costs. One of such methods is Absorption costing and activity based costing ...

The Aicpa Code Of Professional Conduct Indicates That Threats To Independence Accounting Essay

Example essay. Published: 1st Jan 2015

According to Auditing and Assurance Services (2011), the general purpose of Rule 101, Independence, is that “a member in public practice shall be independent in the performance of professional s ...

The Arguments For Regulation Accounting Essay

Example essay. Published: 1st Jan 2015

History is filled with examples where crisis and scandals paved the way for regulatory interventions in the financial markets. The UK introduced major changes in its regulatory practice after the fall ...

The Audit Risk Model Accounting Essay

Example essay. Published: 1st Jan 2015

The Audit Risk Model (ARM) is defined as: Inherent Risk is the auditor’s measure of assessing whether material misstatements exist in the financial statement before considering of internal contr ...

The Auditing Ethical Issues Accounting Essay

Example essay. Published: 1st Jan 2015

Auditing plays an important roll in providing reasonable assurance for investors and other parties looking to put money into a company or corporation. For auditors to be able to help provide assuranc ...

The background and role of inventory in accounting

Example essay. Published: 5th Oct 2017

Introduction International accounting standard No.2 (IAS2) “Inventory” gives the rules which should be followed during the recording and presentation of inventory. Inventory refers to good ...

The Benefits And Challanges Of Accrual Accounting Versus Cash Accounting Application Accounting Essay

Example essay. Published: 1st Jan 2015

ABSTRACT This paper propose a depth understanding and critical evaluation of the benefits and challanges of accrual accounting versus cash accounting aplication for budgeting and reporting in Municipa ...

The Bre X Scandal Accounting Essay

Example essay. Published: 1st Jan 2015

A short introduction to what happened. Explain the fraud. Fraud is defined as intentionally deceiving or causing damage to another individual or individuals in order to acquire personal gain. It is a ...

The career choice

Example essay. Published: 1st Jan 2015

INTRODUCTION Career choice is a complex phenomenon that can be better appreciated through a study of its key components, i.e. career and choice (Webster’s Dictionary, 1998). Dating back to the ...

The Characteristics Of Financial Statement Accounting Essay

Example essay. Published: 1st Jan 2015

The main purpose of this assignment is to determine the five types of accounting users, their needs for Continental Limited financial statement, prepared an income statement and balance sheet with nec ...

The Chartered Institute Of Payroll Professionals Accounting Essay

Example essay. Published: 1st Jan 2015

Cambridge Education Ltd provides HR/Payroll and Education services to schools within the Local Authorities. The company specialises mainly in the education sector and has been supporting HR and Payrol ...

The Concept Of Subjectivity In Accounting Accounting Essay

Example essay. Published: 1st Jan 2015

Many scholars and theorists have supported the concept of subjectivity in accounting and have also used this concept has an argument against academics that have a different perspective to this concept ...

The Corporate Governance Arrangements for Tesco PLC

Example essay. Published: 20th Dec 2017

Essay Question: Research and evaluate the corporate governance arrangements for Tesco PLC Tesco Plc, one of the largest food and beverages retailers in the world is a non-cyclical company that has see ...

The cost and benefits of an internal audit

Example essay. Published: 1st Jan 2015

Every internal audit role should be established with a charter approved and reviewed annually at board level. The internal audit charter should describe the internal audit role in the organization it ...

The definition and features of a marginal costing system

Example essay. Published: 1st Jan 2015

Introduction The costs that vary with a decision should only be included in decision analysis. For many decisions that involve relatively small variations from existing practice and/or are for relativ ...

The definition, history and importance of environmental auditing

Example essay. Published: 1st Jan 2015

Introduction Environmental auditing is defined by the international chamber of commerce as the systematic examination of the interactions between any business operation and its surroundings. This incl ...

The Development Of Accounting In Malaysia Accounting Essay

Example essay. Published: 1st Jan 2015

A tendency towards adopting the style of accounting institutions and practices of western developed countries that colonized the developing countries has been dominated in the latter countries (Ali, L ...

The Differences Between International Financial Reporting Standards Ifrs And Current U S Gaap Accounting Essay

Example essay. Published: 1st Jan 2015

The differences between International Financial Reporting Standards (IFRS) and current U.S. GAAP are numerous. International Financial Reporting Standards (IFRS) are principles-based Standards, Interp ...

The different types of budgeting systems

Example essay. Published: 1st Jan 2015

Budgeting systems of different types, usually customised to the needs of individual organisational managements, are in use in various types of organisations, business, governmental and not for profit, ...

The Economic Crisis of 2008 and the UK Government Response

Example essay. Published: 1st Jan 2015

Introduction The current economic crisis which had its roots in the US sub-primes market produced a profound shift in UK economic policy, Hodson et al (2009). The latter suggests that prior to this cr ...

The Education In Reduce Audit Expectation Gap

Example essay. Published: 1st Jan 2015

Introduction The issue of “audit expectation gap (AEG)” has been very significant to the accounting profession since mid 1970s and continues to be debated until today. In the 1970s and 198 ...

The Ethiopian Revenue And Customs Authority Erca Accounting Essay

Example essay. Published: 1st Jan 2015

Introduction The Ethiopian Revenue and Customs Authority (ERCA) conduct customs operations under the mandates given to it by proclamation Number 622/2009. A number of regulations and directives issued ...

The Factors Affecting Auditor Independence Accounting Essay

Example essay. Published: 1st Jan 2015

The issue of auditor independence is a crucial element and very important for the audit profession. This concept has been discussed widely and many definitions have been presented in literature. Indep ...

The Financial Reporting Requirements For Governmental And Nonprofit Organizations Accounting Essay

Example essay. Published: 1st Jan 2015

Before preparing any financial statements for a Public Health Center, we need to review the financial reporting requirements for governmental and nonprofit organizations. It is understood that there ...

The Financial Statement: understandability, relevance, reliability

Example essay. Published: 1st Jan 2015

The financial statement should contain information “sufficient in quantity and quality to satisfy the reasonable expectations of the readers to whom it is addressed” (Statement of principl ...

The formation and objectives of the IFAC

Example essay. Published: 1st Jan 2015

IFAC the (international federation of accountants) is a non – governmental and a global organization for accountancy professional, formed in 1977 in Munich -Germany at the 11th world congress of ...

The History And Role Of External Auditors Accounting Essay

Example essay. Published: 1st Jan 2015

The first part of the assignment will look at the role of the external auditors, and the history of auditing will be briefly discussed. Then the second part will look at fraud, its definition, example ...

The History and structure of IASB

Example essay. Published: 1st Jan 2015

On April 2001, in the needs for international accounting coordination, the International Accounting Standards Board (refer to IASB in the following context) took over its predecessor known as IASC (Bo ...

The History Of Earnings Management Accounting Essay

Example essay. Published: 1st Jan 2015

In the last few decades the world economy has changed. Undoubtedly, major factors on its shape had globalization, business integrity and technology. These processes changed the functioning of small, m ...

The IFAC code of ethics for profession accountants

Example essay. Published: 1st Jan 2015

Introduction Nowadays, independence is major issues to attain highest level of performances to meet the public interest requirement. (Messier et al, 2006) Therefore, International Federation of Accoun ...

The Impact Of Budgetary Control On Job Performance In An Organisation Accounting Essay

Example essay. Published: 1st Jan 2015

The effectiveness of any budgetary system depends not only on the appropriateness of its technical characteristics to the particular organisation and environmental circumstances to which it is applied ...

The Impact On Marks And Spencer Key Stakeholders Accounting Essay

Example essay. Published: 1st Jan 2015

Corporate governance means that the companies which are administrated, controlled and directed. It performs how to set and achieve the objectives of the company, how to measured and monitored the risk ...

The Implication For Users Of Financial Statements Accounting Essay

Example essay. Published: 1st Jan 2015

Financial statements should be well understood by those who read it especially those individuals who have considerable knowledge of business and economic world and those ones willing to learn the info ...

The Implication of creative accounting on the firms

Example essay. Published: 1st Jan 2015

This project will explore several definitions of creative accounting and the range of reasons for a company’s directors to engage in creative accounting. It explores the nature and occurrence of ...

The Importance of applying ethics to auditing

Example essay. Published: 1st Jan 2015

The objective of this report is to demonstrate the importance of using ethics in auditing specially for accounting, based on analysis of the concept and investigation. The paper will show the turning ...

The Importance of Audit Independence

Example essay. Published: 25th Apr 2018

1. Introduction As the development of the modern business, audit is playing a more and more important role to insure the trueness of the financial report and help report users to make proper decisions ...

The importance of budget control in organization

Example essay. Published: 1st Jan 2015

Enterprise is a complex man-made running coupling system and a contractual association with body; it is very necessary to the business activities of its process and implements control. According to th ...

The Importance Of Costs In The Pricing Strategy Accounting Essay

Example essay. Published: 1st Jan 2015

It is very important for companies to have a good pricing strategy as it than permits them to earn good profit margin on its product or services and at the same time making it appealing to the custome ...

The Importance of independence for external auditors

Example essay. Published: 1st Jan 2015

The word of ‘INDEPENDENCE’ is defined as ‘freedom from situations and relationships which make it probable that a reasonable and informed third party would conclude that objectivity ...

The Importance of management accounting research

Example essay. Published: 1st Jan 2015

Management Accounting Research is necessary to the healthy development of Accounting Subject and to make information more up to date for the practitioners. On the other hand, majority of actual resear ...

The Importance of the Conceptual Framework for Accounting.

Example essay. Published: 10th Aug 2021

Conceptual Framework plays an important role in accounting. It is because, Conceptual Framework helps a better understanding of accounting information, for example general purpose financial reports and, in turn, their confidence in IFIs. ...

The Importance of understanding break even analysis

Example essay. Published: 1st Jan 2015

First of all, production managers and management accountants need to have a clear understanding of break-even analysis. This analysis is used as a general guideline for business decision making and is ...

The Importance of Working Capital Management

Example essay. Published: 1st Jan 2015

Working capital management defines the management in the short term of the relationship between a company’s current assets and liabilities. The most common elements of working capital will inclu ...

The importance to auditing of concept of audit risks

Example essay. Published: 1st Jan 2015

Messie, Glover, Prawitt & Boh, Margaret , 2007 stated that audit risk is the risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated. ...

The Importance, Benefits and Issues of Budgeting

Example essay. Published: 24th Apr 2018

Introduction This report is aimed to evaluate the importance of budgeting, analysis the benefits and problems that brought by budgeting and also discusses the behavioral aspects of budgeting. A budget ...

The Industrial Training Experience Accounting Essay

Example essay. Published: 1st Jan 2015

Lawrence Wong & Co. was established in 1986 before the Malaysian economic recession in 1987. It has established itself as a recognized Management Consultancy Firm specializing in all kinds of man ...

The influence of culture on accounting

Example essay. Published: 1st Jan 2015

Introduction Many studies have demonstrated that culture diversity had influenced accounting practice within national and international borders. Accounting can therefore be said to have been influence ...

The Internal Control Weaknesses At Enron Accounting Essay

Example essay. Published: 1st Jan 2015

The events were finally resulting the filing for bankruptcy in December 2001, started way much before fraud at Enron could be even suspected. Andersen played a major role in the collapse of Enron. A ...

The International Financial Reporting Standards In Russia

Example essay. Published: 1st Jan 2015

International Financial Reporting Standards (IFRS) and their predecessor, International Accounting Standards (IAS) is gaining in worldwide recognition. All publicly traded companies in the EU must ado ...

The Legitimacy Theory And CSR Disclosure Accounting Essay

Example essay. Published: 1st Jan 2015

What is CSR? The issue of corporate social responsibility has got a lot of attention in the business and… ...

The Limitations Of Activity Based Costing Accounting Essay

Example essay. Published: 1st Jan 2015

ABC Costing is a modern costing technique that is used to determine the cost of the product for the management reporting purposes. ABC Costing System is a tool that is used in decision-making process. ...

The Management Accountant Is The Most Important And Challenging Profession Accounting Essay

Example essay. Published: 1st Jan 2015

The Management Accountant, is the most important and challenging profession in the world economy today, in terms of resource allocation, and controlling & measuring business performance. Its role ...

The Measurement issues in financial reporting

Example essay. Published: 1st Jan 2015

As a key aspect of financial reporting, we can say that measurements of business financial position and, also, measurements of business performance have a certain disposition towards most of us, on on ...

The Modigliani-Miller Proposition I Theory (MM I)

Example essay. Published: 24th Apr 2018

1. Introduction According to many research of corporation finance, the capital structure decision is one of the most fundamental issues facing to the executives and management level. The corporate fin ...

The need for qualified staff in the hospitality industry

Example essay. Published: 1st Jan 2015

Abstract from main body The aim of our project is to discuss and analyze the need for qualified employees in the hospitality industry and the way they contribute to the development of this segment. Ou ...

The Need Of Accounting Standards Accounting Essay

Example essay. Published: 1st Jan 2015

In the course of this essay, the topic that will be discussed is the importance of having international accounting standards. If we merely look at accountings’ basic purpose of accounting standa ...

The North Face Inc Accounting Essay

Example essay. Published: 1st Jan 2015

Financial accountants and independent auditors commonly face challenging technical and ethical dilemmas while carrying out their professional responsibilities. This case profiles an accounting and fi ...

The Objective Of Financial Reporting And Qualitative Characteristics And Constraints Accounting Essay

Example essay. Published: 1st Jan 2015

1 Introduction The U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), namely the Boards, jointly published a Discussion Paper and received 179 re ...

The oil and gas industry

Example essay. Published: 1st Jan 2015

INTRODUCTION The oil and gas industry is essential to survival of the economy for different purposes. The industry provides energy and chemicals to the economy vital for transport, companies and hous ...

The Potential Users Of Financial Accounting Information Accounting Essay

Example essay. Published: 1st Jan 2015

The users are an important component in accounting systems, and play a key role in usefulness of financial accounting information. Financial accounting is a term usually applied to external reporting ...

The principles of lean and agile Manufacturing

Example essay. Published: 1st Jan 2015

All related literatures are reviewed in this chapter. Lean concept focuses on eliminate waste, while agile concept focuses on flexibility in supply chain. The theories that cite the topic of reducing ...

The Private Pension Industry In Ghana Accounting Essay

Example essay. Published: 1st Jan 2015

Ghana, a role model in terms of economic and political stability has recently been upgraded to a middle-income country following years of implementing sound economic policy and stable political enviro ...

The process of budgeting and its uses

Example essay. Published: 1st Jan 2015

“Budgeting is an important control system in almost all organizations (Armstrong et al., 1996; Ekholm and Wallin, 2000; Merchant and Van der Stede, 2003 cited in Hansen and Van der Stede)” ...

The Public Accounting Firm Accounting Essay

Example essay. Published: 1st Jan 2015

As an external auditor is required to be independent of the company when perform auditing services. If an auditor being to perform internal audit and management consulting services for the same compan ...

The Published Financial Statement Accounting Essay

Example essay. Published: 1st Jan 2015

Annual report and accounts consists of different elements. A financial statement contains the financial information which is communicated to various users depending on their needs. The users can be in ...

The Purpose and Objectives of Annual Reports

Example essay. Published: 24th Apr 2018

The literature review section talks about the background of research being undertaken. It provides an illustration about the importance of the different sections of the annual reports and the qualitat ...

The purpose of accounting and its role in the management of a busienss

Example essay. Published: 1st Jan 2015

Introduction Understanding how a business operates and what makes it successful requires knowledge of the accounting process. This unit introduces you to the purpose of accounting and its role in the ...

The purpose of cash budgets

Example essay. Published: 1st Jan 2015

Cash budget is an inflow and outflow of cash estimate prepared by management in a business for a specific period of time. It helps management in credit control and determines whether there is availabl ...

The purpose of Corporate social responsibility

Example essay. Published: 1st Jan 2015

Corporate social responsibility (CSR) covers the responsibilities corporations have to the societies within which they are based and operate. More specifically, CSR involves a business identifying its ...

The Reasons Behind The Largest Corporate Scandal Of India Accounting Essay

Example essay. Published: 1st Jan 2015

‘Satyam’ means ‘Truth’ and the truth was revealed very late in case of India’s one of the largest IT company, Satyam Computers Services Limited. By the time, Satyam fraud ...

The reasons companies create and maintain accounting systems

Example essay. Published: 1st Jan 2015

Running a business successfully requires the business owner many skills. One of the necessary skills is the knowledge about the accounting system. The accounting always plays an important role in the ...

The relationship between corporate governance and internal audit

Example essay. Published: 1st Jan 2015

Introduction This assignment is an effort to describe the relationship between corporate governance and internal audit. But the first thing that has to be done is to understand what really corporate g ...

The Role Of Accountants In Todays Business Organizations Accounting Essay

Example essay. Published: 1st Jan 2015

In the past ten years, a significant amount of research attention was focused on recognizing, analyzing, contradicting, favoring, and critiquing the changing roles of accountants. In the past ten year ...

The Role of External Auditor in Corporate Governance

Example essay. Published: 1st Jan 2015

External Auditors check company’s accounts and report to the company based on the accounts. Basically, the concern is how external auditors conduct these duties effectively. Legislations, such ...

The Role of External Auditors in Accounting

Example essay. Published: 1st Jan 2015

Introduction Auditor liability has always been one of the main concerns of the public. Often falling under common law, tort law or both, public liability claims can arise out of unfair or unjust pract ...

The Role Of External Auditors In Detecting Corporate Fraud Accounting Essay

Example essay. Published: 1st Jan 2015

INTRODUCTION This introductory chapter intend to inform the reader on the multiples issues that will be tackled in this paper. So after describing the main issues, this chapter will therefore cover th ...

The Role Of The Management Accountant Accounting Essay

Example essay. Published: 1st Jan 2015

At present, there is an argument about whether the role of the management accountant in organisations has changed when the business environment changed at the same time. The role of management account ...

The roles and objectives of AASB

Example essay. Published: 1st Jan 2015

“The AASB is hardly an independent standard setting body. Its policies and activities are subjected to the dictation and supervision by at least two big brothers – the IASB and the FRC, no ...

The roles of external auditors in reporting fraud

Example essay. Published: 1st Jan 2015

In Latin, the word audit means ‘to hear’. One person creates the Financial Statements, whilst the auditor ‘hears’ what they are saying, and passes his opinion to them. External ...

The Sarbanes Oxley Act Dealt With Four Major Issues Accounting Essay

Example essay. Published: 1st Jan 2015

What responsibilities did David Duncan owe to Arthur Andersen? To Enron’s management? To Enron’s stockholders? To the accounting profession? David Duncan owed Arthur Anderson the responsib ...

The Sarbanes-Oxley Act: Evaluation of Section 103

Example essay. Published: 8th Feb 2020

Auditing, quality control, and independence standards and rules. Abstract  The Sarbanes-Oxley Act was one of major change for internal and external auditors, executives and ...

The Sarbanes–Oxley Act of 2002: Overview and Impact

Example essay. Published: 25th Apr 2018

Sarbanes Oxley Companies Abstract The Sarbanes–Oxley Act of 2002 was passed on July 30, 2002 and only the public companies are now feeling its impact. This act frequently called the “most signific ...

The significance of budgeting in a non-profit organization

Example essay. Published: 1st Jan 2015

Introduction Budgeting is enormously significant in a non-profit making organization. A profit enterprise centralizes on maximum the profits and shareholder value, whereas, a non-profit organization i ...

The Threat Of Djc To American Connector Company Accounting Essay

Example essay. Published: 1st Jan 2015

DJC, who built in Japan the most efficient connector plant of the world, is planning to build its first connector plant in the United States. It can utilise its highly efficient manufacturing process ...

The Threat To Auditors Independance And Impartiality

Example essay. Published: 1st Jan 2015

This research is basically to access and analyse the threat to auditor independence and impartiality. This is crucial because the position of an auditor when auditing a financial statement will determ ...

The traditional management accounting system mas has many limitations

Example essay. Published: 1st Jan 2015

The traditional management accounting system (MAS) has many limitations to the current MAS as it is not fully applicable to use currently due to the complexity of costing, and changes in the technolog ...

The two approaches of accounting research

Example essay. Published: 1st Jan 2015

The positivist approach and the critical approach are the two approaches of accounting research. This article explains the concepts of positivist approach and critical approach, and then explains some ...

The UK Pension System: Overview of Changes

Example essay. Published: 25th Apr 2018

The aim of this essay is to perform an analysis of the UK pension system, understanding its foundation and working. The core focus is to assess the statement “the UK pension statement is fatally ...

The Usefulness Of Financial Statements To Stakeholders

Example essay. Published: 10th Jun 2016

Introduction: Finance for managers is very important subject for businesses. All stakeholders must have to know about it. Because it helps their businesses to run properly and make profit. Finance for ...

The uses of absorption and variable costing

Example essay. Published: 1st Jan 2015

Accounting is the most important concept of any business. Various organizations adapt various accounting concepts in order to match the requirement and pattern of the business. Costing is an integral ...

The Working Principle of Milling Machines

Example essay. Published: 1st Jan 2015

In previous chapter, the literature review piece and objective of present work has been discussed. This chapter introduces the speculative background of response surface methodology, introduction of m ...

The Zero Based Budgeting Accounting Essay

Example essay. Published: 1st Jan 2015

Zero-based budgeting avails a better approach to dealing with the drawbacks associated with incremental budgeting. Unlike in incremental budgeting, zero-based approach does not necessarily start from ...

Theories of Demand for Audit: An Analysis

Example essay. Published: 24th Apr 2018

Audit refers to an examination of the financial reports of a firm by an independent entity. The separation of business ownership and management in modern society has created a need for accountabilit ...

There Are Five Golden Rules In Best Corporate Governance Practices Accounting Essay

Example essay. Published: 1st Jan 2015

Abstract The Corporate governance is the system in which the entire organization’s functional aspects are run.In many cases management runs the firm/industry but it is also the responsibility of ...

Throughput Accounting: Theory of Constraints

Example essay. Published: 17th Jul 2018

Dr. Goldratt’s ‘Throughput Accounting’ revolutionized the methods by which companies viewed their costs and associated them with profits. Unlike the traditional cost accounting methods, ...

Top Down Approach For Audit Of Internal Control Accounting Essay

Example essay. Published: 1st Jan 2015

An audit of internal control begins by using a top-down approach. The top down approach starts with a companies financial statements, and the auditor gaining understanding of the risks related to inte ...

Traditional Budgeting and Budgetary Controls Weaknesses

Example essay. Published: 25th Apr 2018

This answer briefs the practice of budgets in two entirely different businesses; one in a very stable and static market place and the other in a very dynamic, rapidly changing, innovative environment. ...

Traditional Budgeting And Its Criticisms Accounting Essay

Example essay. Published: 1st Jan 2015

Traditional Budgeting is a value-adding subject and has played a crucial role in management control in organizations. Budgeting has been seen as a considerable approach as well as a tool for evaluatio ...

Traditional Budgeting in Modern Business

Example essay. Published: 24th Apr 2018

The essay below is an attempt to analyse the issue of Traditional budgeting and discusses the fact that how now-a-days formal, traditional budgeting does not prove quite apt for modern businesses. To ...