Category: Accountancy

How changing world environment is leading to an increased focus on international accounting Saudagaran (2009) says, “The purpose of accounting is to provide information that is useful for making business and other economical decisions.” The growth for businesses from small companies to multinationals has raised the need for international accounting since the accounting information is…

Table of Contents Introduction Discussion Conclusion References Introduction Comparing and contrasting the objectives of general purpose financial reporting (GPFR) of the AASB Framework with that of IASB Exposure Draft will decide whether the latter improve the former. Determining whether the objectives of each framework are appropriate will also be evaluated in this paper. Discussion The…

Introduction The role of accounting and various accounting systems in neoliberalism has been extensively studied since a free-market economy cannot successfully exist without proper financial sector management. The concept of neoliberalism encompasses deconstructing governmental ownership and control of businesses in various spheres of the state and society (Gilbert, 2021). Furthermore, it involves “privatization, deregulation, the…

Table of Contents Introduction Research Methodology Literature Review Search Strategy Financial Information and Decision-Making References Introduction Objectives of the Study Research initiatives are meant to provide solutions to the problem statement. To this end, objectives help to guide the trajectory of a given study. A study by Learner, Hardymon, and Leamon (2012, p. 67) established…

An accounting ratio that is also called a financial ratio is a relation of two numerical values from a company’s performance or its financial statement. Regardless of the industry of operation, business itself generates ratios. In their turn, investors and analysts use ratios as a financial tool to compare strong and weak points of a…

Table of Contents Introduction Main Body Conclusion Recommendation References Introduction This research argues that there is need for the US to invest in the process of effective conversion from GAAP to IFRS due to the advantages involved. In addition, GAAP will be rendered worthless in a globalized economy. Background: Since 2002, the International Financial Reporting…

Table of Contents Introduction The Austerity Problem in the Contemporary Times Austerity Policies and Economic Growth Accounting for Austerity: More Than Balancing Books Conclusion Reference List Introduction The 2008 global financial crisis compelled governments to rethink their spending patterns by introducing major cuts in budgets coupled with coming up with strategies to reduce deficits. In…

International accounting and financial reporting are the accounting standards which are based on accounting interpretations and the framework as they have been stipulated by the international accounting Standards Board which were formed in 1989. It is a business trend and technique that the financial report of a business enterprise should be prepared at the end…

Table of Contents The Philosophy of Public Finance Governmental Accounting and Nongovernmental Accounting The Relationship between Budgeting and Financial Reporting in Government Works Cited The Philosophy of Public Finance Mason Gaffney is one of the philosophers in the economic world who has created the philosophy of public finance. One of the principles of this philosophy…

Table of Contents Mitigating punitive damages Discussing the Evidence for Damages Works Cited Mitigating punitive damages After one year of leading, the president of the Craig’s Crocodiles, Inc. Mr. Cravath has informed the Pauly Property Management that about the termination of leasing the current office space and warehouse. In response, the Management has sued Craig’s…