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Accounting Essays

Variable Costing: A Comprehensive Analysis

Introduction Definition and Explanation Variable costing is a perception primarily used in cost and managerial accounting whereby the fixed manufacturing overhead is excluded from the product cost of production and termed period expenses. Only the variable manufacturing costs are considered product costs. Akbar and Rezeki (2022) term variable costing as a method of evaluating the ... Read More
Pages: 10       Words: 2706

The Importance of Cash Flow Statements in Organizations

Introduction When evaluating the financial health of an organization, investors or business organizations usually search for a single metric to incorporate in the financial statements for determining their investments or business strategy. Organizations commonly compare the significance of net income or cash flow during such circumstances. Therefore, the research provides a comprehensive comparison between net ... Read More
Pages: 5       Words: 1179
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Extended Definition of Accounting and Finance

Accounting and finance is made up of two words: accounting and finance. According to Cruz (2016) on the etymology of accounting, he notes that this word is formed from the noun ‘account’, which has its origins from an old french word called ‘acont’, which has the meaning of terminal payment, reckoning, or account. Also, Cruz ... Read More
Pages: 3       Words: 592

Establishing the Conceptual Framework Gap Between IFRS and GAAP

Introduction  The cooperation and conflict linking the Generally Accepted Accounting Principles, U.S GAAP, and the International Financial Reporting Standards, IFRS, create an exciting narrative transcending borders in the dynamic banking world. A unified language for financial reporting is needed as capital quickly moves across borders. Convergence between IFRS and GAAP must be carefully navigated, acknowledging ... Read More
Pages: 8       Words: 2084

The Impact of AI on Accountants Annotated Bibliography

Hashid, A., & Almaqtari, F. A. (2024). The Impact of Artificial Intelligence and Industry 4.0 on Transforming Accounting and Auditing Practices. Journal of Open Innovation: Technology, Market, and Complexity, 100218. https://www.sciencedirect.com/science/article/pii/S219985312400012X According to Hashid & Almaqtari (2024), auditing and accounting are essential roles that foster an entity’s credibility, reliability, and financial stability. While most auditing and accounting ... Read More
Pages: 9       Words: 2327

Alternative Costing Methods

Introduction In the dynamic business operating environment, costing accuracy is important for strategic decision-making. The traditional costing approaches are appropriate but rarely provide the subtle costs of varied activities and products. In the progressing era of companies, alternative costing methods for proper financial accuracy and the development of strategic plans become significant. This essay gives ABC method as ... Read More
Pages: 4       Words: 1034

Financial Reporting Strategies and Decision Making at Catholic Charities Archdiocese Houston-Galveston

Abstract This report discusses the financial reporting policies and financial condition of Catholic Charities Archdiocese Houston-Galveston, a large nonprofit human services organization. In the analysis, the performance of critical accounting processes, financial statements, allocations of expenditure, assets and liabilities, debt levels as well as revenue is investigated. The transactions are recorded in terms of standard ... Read More
Pages: 6       Words: 1591

Luckin Coffee Accounting Fraud

Introduction One of the most notable scandals in recent business history happened to Luckin Coffee, known at one point as China’s rival to Starbucks. The company was established in 2017 and quickly became famous amid the intensely competitive Chinese coffee market dominated by many other firms with high expansion rates that promise growth at an ... Read More
Pages: 6       Words: 1501

Evolution of Differences Between GAAP and IFRS in Financial Accounting

Introduction The 2018 video production “The Difference Between GAAP and IFRS” updated individuals on the differences between the Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS) (WolvesAndFinance, 2018). This evolution reflects how the environment of world trade changes, and how accounting standards must keep up with changed circumstances. Revenue Recognition In ... Read More
Pages: 3       Words: 625

Payroll Audit and Risk Assessment

Introduction California Crunch Company has requested an audit focusing on issues related to its payroll. Therefore, performing an audit to address this request, the research article provides a detailed analysis of how to adhere to the AICPA Code of Professional Conduct (AICPA, 2019). This write-up is based on the review of the income statement provided ... Read More
Pages: 4       Words: 845

Oklahoma Natural Solution

A certified public accountant, or CPA, is a practitioner in accounting who is responsible for maintaining the integrity of accounting principles. This case study demonstrates that I oversee Oklahoma Natural Solutions’ (ONS) yearly audit, which is carried out by an auditor at an accounting company in Oklahoma. Because the accounting structure of ONS is often ... Read More
Pages: 9       Words: 2456

A Critical Evaluation of Traditional Absorption Costing and Activity-Based Costing in Business Management

The most significant disadvantage is that the system relies on one allocation base, and the product costs cannot be appropriately reflected. For instance, such high-volume products could be overcosted because the price might need to appropriately reflect the complexity of production workers or other resources. On the other hand, low-quantity products may be undervalued, leading ... Read More
Pages: 5       Words: 1132

Cybersecurity in Accounting

Cybersecurity is a common term today, especially in today’s digital world. Interestingly, there are many people with little to no idea of what cybersecurity means. Cybersecurity includes measures used to protect companies and their assets and employees against cyber threats. Today, cyber threats have become more common and sophisticated. Also, corporate networks have become more ... Read More
Pages: 4       Words: 1013

Evaluating and Assigning to Appropriate Funds

Part A: CAFR 1) Legal debt limits and debt margins Statement 34 by the Governmental Accounting Standard Board requires that the report of the CAFR contain a statistical section on legal debt restrictions and debt margins. This gives the foundation for examining whether the company or government has provided for its financial responsibility. The legal ... Read More
Pages: 6       Words: 1392

Understanding General Long-Term Liabilities in Government Finance

Financial reporting provides insights to stakeholders that can help them determine an entity’s financial health and performance. Of course, there are still differences between proprietary funds and for-profit organizations in taking on costs. However, this kind of financial reporting is very different. Gee et al. (2022) note that compared with more conventional profit-seeking ventures, operative ... Read More
Pages: 4       Words: 996
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Essays On Accounting

You may look at this topic and start rolling your eyes or fighting back a yawn. The last thing people want to think about or even write about is accounting. It can be a bit of a dry topic for many but it can actually be an intriguing subject to cover.

Accounting is such a critical piece of how the business world works and sometimes we overlook it due to its complexity. Yet, even a basic and core understanding of this area can show you the most realistic insights into a company’s financial health. It will highlight growth opportunities and where there may be challenges ahead.

Accounting doesn’t just keep the books in order for small businesses and companies. It can also be used for family offices, which are high-net-worth investment offices that can help with wealth management. Yet accounting isn’t just for the rich. Having proper financial accounting of your finances and any side hustles or business will help keep you compliant and avoid any type of unnecessary fraud.

How to write essays on accounting

You can go into the history of accounting or take a specific subset of accounting and write about it. Those subsets can include writing about accounting for individuals or accounting for businesses. You can also choose topics on how accounting looks on an international scale. What are the universal rules in accounting and are they similar across various jurisdictions?

You may not yet be an expert in accounting but there is plenty of research and content out there. This is because it needs to be exact and it seems the data on it is also just as precise. Make sure to cite and reference where required.

You can even take an approach to see how accounting has been modernized, and if it’s just a system of organization of financial data, can it not be fully automated?

What do accounting topics look like?

• The importance of accounting in business
• The different types of accounting
• The accounting cycle
• Accounting ethics
• Accounting fraud
• Accounting for small businesses
• Accounting for international businesses
• Emerging Trends in Accounting

Use essay examples on this page for inspiration, and start creating your own piece!

Popular Essay Topics