Category: Accountancy

  • Financial Accounting Standards Board and General Accepted Practices

    Table of Contents Introduction Main text Conclusion Reference Introduction The advent of global businesses that thrive on environments that have different accounting frameworks is the main motivating factor towards the changes in International Financial Reporting Standards (IFRS). In the current business world, IFRS is used by more than 100 countries. In the United States, the…

  • Accounting Services to Sydney Students

    Table of Contents Introduction Literature Review Data Collection and Analysis Discussion of Results Recommendations Conclusion and Future Work Reference List Introduction Research Topic Introduction Australia is a country and a continent where more than 23 million people live today. Its citizens adore and respect their land and are proud of being the members of such…

  • Accounting and Financial Management and Scandals

    Table of Contents Introduction The User Groups and Information Financial Scandals Reference List Introduction Even though accounting is devoted to describing business and finance, it is still is a kind of service or business that has to be responding to the changes in the modern environment (Atrill & McLaney 2012; Atrill & McLaney 2013a; Wadee…

  • Next Plc.: Accounting Principles

    Table of Contents Introduction Critical Background Next Plc. Annual Report 2008 Relevance Reliability Comparability Understandability Conclusion List of References Introduction Is accounting profession entirely independent and dependable? This question was on every investor’s mind when a series of accounting scandals and frauds erupted in a small period of 3 years from the year 2000 to…

  • The Linbarger Company’s Accounting Problems

    What Is the Accounting Problem that the Linbarger Company Faces? The Linbarger Company faces the accounting problem of the lack of financial means on its corporate banking account. The employees mentioned in the scenario (assistant controller in charge of general ledger accounting and financial vice president) are responsible for this issue as it might lead…

  • International Accounting Standards Board Deliberations

    The major IASB agenda includes Replacement of IAS 39 under Financial Instruments, rate-regulated activities, and revenue recognition. The timetable identified for milestones on each of the projects is discussed below. The replacement of IAS 39 underwent three phases. The 1st phase included the classification and measurement of financial instruction. IFRS 9 was in print in…

  • Financial Accounting: Guidelines and Agencies

    Table of Contents Generally Accepted Accounting Principles (US GAAP) International Financial Reporting Standards (IFRS) Securities and Exchange Commission (SEC) Public Company Accounting Oversight Board (PCAOB) Annual report 10-K, 10-Q, and 8-K Balance Sheet Statement of Cash Flows Statement of Retained Earnings Reference List Generally Accepted Accounting Principles (US GAAP) Generally Accepted Accounting Principles (US GAAP)…

  • Willoy Engineering Ltd.’s Accounting System Lifecycle

    In order to remain cost effective in the competitive business environment, businesses must adopt working systems that are not only lean but also efficient. The ever-growing information technology industry presents numerous ways where companies can identify opportunities for savings in their daily operations. One such opportunity is in the management of information within the company…

  • Saudi Arabia Refineries Company’s Accounting Information System

    Saudi Arabia Refineries Company limited is a small company that operates in Saudi Arabia. Its production per year is small as compared to those of other competing companies. It is headed by a chief executive officer and has a total employee population of one hundred. Its future aspirations include being a regional leader. It has…

  • Accounting Systems Design and Development

    Table of Contents Major Data Breaches within Organizations In-sourcing the Data Center References Major Data Breaches within Organizations The case of the premier presents several issues that demonstrate significant data breaches within the organization. It is essential to start by analyzing some of the fundamental problems that are in one way or the other related…