Essays on Accounting

Responsible for the financial health of the company. Producing financial reports and developing strategies based on financial research. Guiding senior executives in making sound business decisions in the long and short term. Job’s Scope The finance manager would be managing a team of 9 employees including 2 supervisors and 2 junior accounts...

For as long as I can remember, accounting major has been my interest, and I have looked forward to achieving the very best within the field of Accounting. Back in my early school times in my home country Vietnam, mathematics and business were my favorites, which fueled my interest in...

Reasons for the Inventory account requiring adjustment at year-end. These accounts require adjustment at the year-end since they may be incorrect due to various reasons such as recording errors, theft or waste. Merchandisers who use perpetual systems need additional adjustments for the purpose of making records agree with actual inventories...

In industries, other than operating profits, the inventory costing and capacity are relevant items of managerial aspects of accounting that needs correct analysis. Inventories are quite special for manufacturing businesses and even merchandising firms. It follows that inventories are defined as an itemized list, report, detailed or record of things...

A causal claim by Peter Bakker A causal claim made by Peter Bakker in the article titled "Accountants Will Save the World" is as follows: the inability of all businesses getting involved in solving the world's toughest problems is caused by the current less comprehensive accounting rules (Bakker, 2013). The claim presents...

Cory and Pruske: Necessary Skills for Accounting Graduates Cory and Pruske discuss the skills required for the accounting field in their piece Necessary Skills for Accounting Graduates: An Exploratory Study to Determine What the field Wants. In order to pinpoint the critical competencies and subject areas pertinent to both accounting contexts,...

"As used in this book, the word healthcare finance refers to the accounting and financial management principles and practices employed inside healthcare organizations to assure the financial well-being of the enterprise." (textbook quotation) Accounting and financial management are two primary aspects of healthcare finance. Accounting refers to an organization's business transactional...

One of the fascinating accounting topics explored in Starbucks' annual report is the debate and accounting for goodwill. When a corporation acquires another enterprise and overpays for the new enterprise, it also generates goodwill for the company. The goodwill is the excess money paid above the market value of the...

Account reporting remains a sensitive topic Account reporting remains a sensitive topic for any organization and economy, particularly in light of the financial crises that have occurred around the world. Accounting activity aggregation, representation, and reporting are critical, particularly for an organization's development. Given these conditions, various boards have formed to...

The Financial Accounting Standard Board (FASB) is in charge of developing and transmitting financial accounting and financial reporting standards in the United States of America. It is a non-profit board of seven accounting practitioners. The Generally Accepted Accounting Principles (GAAP) was another name for the FASB standards (GAAP). They are...

Accounting is a database or accounts for financial transactions that occur in a company. It is essentially the method of summarizing all of these transactions for quick analysis and documentation. They are important because they assist consumers in making organizational decisions. For example, in the case of a company, accounting...

The AASB10 Consolidated Financial Statement The AASB10 Consolidated Financial Statement was created by the Australian Accounting Board to make it easier to comply with the IFRIS10 Consolidated Financial Statement created by the International Accounting Standards Board (Australian Accounting Standards Board, 2014)....