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Accounting Essays

Accounting Theory and Applications

Introduction The report examines the Property, Plant, and Equipment (PPE) disclosure for AGL Energy Ltd and Woodside Petroleum Ltd. The two organizations are energy companies in Australia. AGL Energy Limited distributes gas, electricity, solar, and renewable energy services. Meanwhile, Woodside Petroleum Ltd produces oil and gas. The report determines measures used in determining the amount ... Read More
Pages: 8       Words: 2164

Research Paper: Internal Control Weaknesses and Accounting Conservatism: Evidence From the Post-Sarbanes-Oxley Period

Abstract In ensuring smooth contracting between shareholders and managers, conservatism financial reporting is the most suitable, especially in agency concerns. When the shareholders are distanced from the managers, agency issues arise. In the instance where the separation of control and owner is pronounced, there occur slow managerial ownership. Conservatism encourages situations where the positive outcomes ... Read More
Pages: 13       Words: 3551
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Financial Reflections: Bridging the Gap Between Cash Transactions and Bank Reconciliation

Reflecting on the previous modules’ lessons, I have been drawn to two fascinating questions. Whether it makes sense to assign one person to manage both cash collections and bank reconciliations is the main issue. The ensuing investigation looks for ways to improve how their financial statements are presented by concentrating on both short- and long-term ... Read More
Pages: 3       Words: 800

Stakeholder Utilization of Annual Report and Accounts

Introduction Stakeholders exert influence and are influenced when it comes to their performance and decision-making in a corporate governance context. These stakeholders range from investors to employees, creditors, and governing institutions with disparate concerns. As such, this article will examine how stakeholders, especially those tied to a company listed on the London Stock Exchange, exploit ... Read More
Pages: 8       Words: 2010

BSc Accounting & Finance

Introduction From a professional standpoint, the papers and podcasts mentioned during the preceding debate have had a significant impact on how I approach the financial profession. By highlighting the ethical and social facets of accountancy that go beyond its scientific characteristics, they illuminated the discipline’s complexity. These revelations deepen my knowledge of accountancy while highlighting ... Read More
Pages: 6       Words: 1435

International Versus U.S. Accounting Standards

Increased globalization lies at the heart of developing the existing international accounting standards. Companies are increasingly venturing internationally and must standardize their operation for efficiency and stakeholder accountability. Therefore, governments and multinational organizations use International Financial Reporting Standards (IFRS) to remove the technical barriers to global trade (Turlington et al., 2020). Most countries, especially in ... Read More
Pages: 6       Words: 1424

Business Accounting Essentials

Accounting creates a logical picture of the financial health of a company and its performance that acts as a stimulus for strategic growth and resource management. It is, therefore, the process of capturing, classifying, and encapsulating financial transactions. Hence, the purpose of this paper is to introduce what basic accounting entails to a team that ... Read More
Pages: 4       Words: 947

The Role of Ethics in Accounting

Abstract This research paper delves into the crucial intersection of ethics and accounting, exploring the profound influence of ethical considerations on contemporary business and professional practices. The paper synthesizes key insights that underline the indispensable role of ethics in financial reporting, decision-making, and corporate governance. The literature review encapsulates the findings of four pivotal articles. ... Read More
Pages: 7       Words: 1861

Use of Published Annual Report and Account by Company Stakeholders

Annual reports and accounts are important financial papers that give us useful information about how well a company is doing and its financial condition. These reports are very important for people interested in companies listed on the London Stock Exchange. This essay will discuss how people use the Statement of Profit or Loss, the Statement ... Read More
Pages: 7       Words: 1796

Opportunities and Threats for Companies: Lockheed Martin Inc, AECOM and General Dynamics

Introduction Understanding the company’s opportunities and threats is fundamental for stakeholders, such as potential investors, creditors, customers, and regulatory authorities. Both opportunities and threats are external factors that influence a business’s way of doing business. Opportunities are positive factors available to a business from outside, and the business ought to claim them to gain the ... Read More
Pages: 6       Words: 1592

Standard Costing, Ethical Behavior, Usefulness of Costing

INTRODUCTION In the current competitive environment, standard costing, a commonly employed strategy in manufacturing, has come under fire for perceived shortcomings in delivering continuous improvement. This essay addresses standard costing’s function and importance in the current manufacturing environment and the main objections to it. Despite the objections, standard pricing is still widely used, raising concerns ... Read More
Pages: 5       Words: 1368

Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement; Sas No. 145

Introduction Auditing standards are a collection of criteria and concepts that auditors follow when performing an audit. These criteria promote uniformity, quality, and dependability in the audit process. They are created by professional accounting groups, such as the American Institute of Certified Public Accountants (AICPA), to protect the integrity and credibility of financial accounts. Auditing ... Read More
Pages: 14       Words: 3654

Accounting for Sustainable Development

Shortcomings in reporting contributions towards the sustainable development goals Introduction TFCD was established to develop some guidelines and recommendations related to climate-change disclosures. This is aimed at helping investors make a more informed investment decision. It is also aimed at giving stakeholders more information about the concentration of carbon-related assets and the related exposure risks. ... Read More
Pages: 6       Words: 1633

Audit Expectations Gap in the UK and Globally

The difference between the public’s expectations of auditors and their real duties and skills is known as the audit expectations gap, and it exists both in the UK and internationally (Deumes and Carchon 2019; Free and Verona 2018). Several things cause this gap, and different jurisdictions may experience it differently. The audit expectations gap has ... Read More
Pages: 5       Words: 1188

Comparative Analysis of Costing Methods in the Lego Group

Group Overview The Lego Group was established in Billund, Denmark, in 1932 by Ole Kirk Christiansen, one of its co-founders. During the specified time frame, the collective manufactured wooden legos, ironing surfaces, seating arrangements, and climbing aids. Due to their significant market share and high demand, the team prioritized the production of wooden toys. According ... Read More
Pages: 5       Words: 1270
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