Free Essays on Accounting to Get Inspired & Learn by Example

Introduction

Theoretically, reporting is an activity that prevails in an organization usually from lower to upper scale (Elliott and Elliott, 2006). The importance and utilization of reporting cannot be derailed by the organizations from any angle because it has a direct linkage with their financial performance and strategic well being. The real beauty of reporting lies in the fact that this activity involves or associated with almost every department of an organization. The reporting that specifically associated with the finance department termed as Financial Reporting. It is an important stance of reporting that delivers the best aspects for the entities Continue reading...

Conceptual Framework for Financial Reporting

The conceptual framework methodology is widely used in the wide variety of subject as a tool for theoretical modeling. In order to make accounting process harmonized and coherent, all the accounting standards both national and international genre have developed a uniform framework, based on the principles, concepts, and taxonomy of accounting practices to raise the standard of the entity. The conceptual framework is expected to provide a frame of reference or foundation for standard setting. It provides the standard setting authority with the reason and guidance to develop standards and promulgate it. The reason and guidance are rooted in Continue reading...

The competitive edge of a business depends on a successful business strategy. Strategic management accounting is a kind of management where emphasis is given on the materials that relates to the external factors and information that does not relate to the finances of a firm. Accounting provides adequate information for the decision making process. Management accounting reflects the strategic approach of the business because most of the organizational strategies are completed using the prevailing data, which is majorly financial records. Management accounting has gradually improved over the past, which has led to the categorization of traditional and modern management Continue reading...

What qualities do you have that will make you a good accountant?

First and foremost, as an indigenous Chinese student, we have always been observed to be very good in numbers. As such, one of the qualities I possess that will make me a good accountant is my acumen to accuracy and details. I strongly believe that one of the basic responsibilities of a good accountant is the preparation of financial statements with accuracy and transparency – those which are in accord with the standards of professionalism. With my personal skills in adherence to ethical, moral, and legal standards, patients in all undertakings, diligence and commitment to doing what is right, I Continue reading...

In an organization, managerial accounting integrates several aspects of accounting with the aim of enhancing the quality of information that the management receives about the different metrics of business operation. Management accounting is founded on four principles that assist management accountants to structure their processes and promote effective decision-making for long-term profitability. At the engineering firm, the management accounting principles can be effective in improving the performance of the organization.

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Accounting

Enron: What led to the collapse?
Enron was the largest company for energy and natural gas made possible through the merging of Houston Natural Gas and InterNorth based in Omaha. The merger made Enron the largest energy trader in the country and the seventh largest in the world. The company advanced into new fields of business by launching a broadband service unit and Enron online, where people can go to trade commodities. Enron rose quickly to become one of America’s most valuable companies. It had a peak of $100 billion in revenue and it was taking the market Continue reading...

(Student’s Full Name)

Questions from Chapter 1 of the Text, Strategic and Financial Planning for Property Managers

1) You have been asked by retired hockey player that has annual income of $300,000 and significant assets and net worth to recommend a preferred and a secondary organizational structure for the following situation:
A developer has approached the hockey player for an investment of $500,000 with anticipated returns of 8% annually. The developer acquired a property 250 km from Toronto to develop a large retirement community of 500 units of townhomes. The property consists of 100 acres and the developer had enough funds to pay for the property and rezone the property Continue reading...

Discussion of the Sarbanes-Oxley Act and

Its Impact on Financial Reporting
As Apix Printing, Inc. has proven by its own experience, many companies all the world over need access to the funds from outside investors in order to expand their business. One of the common ways to get financing is to offer companies’ stocks to the shareholders in IPOs. However, these shareholders need to have assurance that they invest in the businesses as they have represented themselves in their financial reports. The Sarbanes-Oxley Act (SOX) adopted by the US in 2002 serves this purpose by seeking to improve corporate governance and reliability of financial reporting ( Continue reading...

The ROI (Return On Investment) is an especially important efficiency metric utilized to assess the performance of an investment or to relate the performance among a handful of investments. In order to compute ROI, the profit (return) of such an investment for our purposes the formula used is ROI= (Gain from Investment - Cost of the Investment) while in the original formula the upper result is divided by the price of the investment and then the outcome is written as a percentage. Return on investment is a highly widespread numerical method due to its flexibility and ease in use. Continue reading...

Dear Sir,

I have always been interested in reading and analyzing innovative and famous business administrators; their hard work that turned a small enterprise into the world’s most profitable firm. I would like to pursue a career in business administration from USC as it is one of the premier institutes with experienced faculty and advanced teaching facilities. As an international student, I wish to contribute into the business administration (first choice as major) and management of sport teams on a world-wide scale. It is my ambition to promote new methods of business administration and management taught at USC.
My second Continue reading...