EXTRAORDINARY ITEMS Income or expenses that arise from event or transactions that clearly distinct from the ordinary activities of the enterprise and therefore, are not expected to recur frequently and regularly. Extraordinary items should be disclosed in the statement of profit and loss as a part of net profit of loss for the period. The … Read more
Part 1 (b) In part A we looked at Osgar’s options in relation to one project i.e. to replace old metal-extrusion machines now or in three years. In answering this part of the assignment, it is assumed that the term ‘’capital’’ means fixed assets such as the metal-extrusion machines in Osgar’s case, working capital provided … Read more
Each line of business can affect the insurer in a different way, for this reason we try to look at the Coronavirus through the special lens of the insurance company accounts. This approach may help brokers, MGAs and customers to catch the underwriting implication of the products that they sell / buy. In detail, we … Read more
Background of the Company: Access Intelligence is basically operates in Information Technology industry and is indeed engaged into corporate communication and reputation management software. The company mainly helps in offering a fully integrated communication management platforms which helps in public relations, stakeholder management and influencing market with the clients through its Vuelio brand. It is … Read more
An analysis and evaluation of the business and financial performance of Fresnillo Plc over the period 1st January 2015 to 31st December 2017 PART 1 – Project Objectives and overall research approach 1.1 Reasons for Choosing the topic and organization With a passion for Finance and a desire for wealth creation through investing in profitable … Read more
The year 2008 is concerning for Merrimack Tractors and Mowers due to the company increasing costs and expenses, the company is experiencing financial anxieties. Due to a combination of higher costs in wages, labor, material, and energy as well as the weakening of the dollar, some of the business’ suppliers have has to increase their … Read more
Managerial accounting, also known as cost accounting, is defined by the textbook as the phase of accounting that is related to providing information to managers for use within the organization (Noreen, Brewer, & Garrison, 2014, p. 19). Managerial accounting information is aimed at helping managers within the organization make sound business decisions. On the other … Read more
Introduction to Accounting Concepts and Principles Accounts are records of financial transactions, where the information about how much has been spent and how much has come in, is entered onto a sales ledger. The completed ledger can be manipulated to produce reports and this helps with financial planning. In preparing accounts there are several accounting … Read more
According to their current situation we do not think Blaine Kitchenware’s current capital structure and payout policies are appropriate. Blaine is currently over-liquid and under-levered and their shareholders are suffering from the effects. Since Blaine Kitchenware is a public company with large portion of its shares held by their family members, they have a financial … Read more
Value relevance is defined in the existing accounting literature as an accounting number that has a predicted association with equity market values or share prices (Barth, Beaver, & Landsman, 2001). The literature examining this association dates back to the study of Miller and Modigliani (1966), and the first study to use the term of value … Read more
Theoretical background 2.1 Introduction 2.2 Accounting Conservatism Accounting conservatism has a long history, it’s classified as one of the most important principle in accounting, which created a motivation to in-depth examine it by many researchers. In this section, the definitions and classifications of accounting conservatism will be discussed. 2.2.1 Accounting Conservatism – History and Evolution … Read more
Introduction Management accounting needs to be ethical as for the company or business to run to its full potential the workers have to be satisfied and treating them with respect and in an ethical way. There are many more factors of ethics within a business such as Business Owners, Governmental Bodies and Environmental Bodies. In … Read more
Hull in the United Kingdom is known for several reasons. It is one of the four cities shortlisted to be City of Culture for the year 2017. It stands tall to have UK’s first World Trade Centre. The city is strategically located and is two hundred miles away from London, Edinburgh and Rotterdam. Adding another … Read more
From accounting point of view, the objectivity principle states that accounting information and financial reporting should be independent and supported with unbiased evidence. This means that accounting information must be based on research and facts, not merely a preparer’s opinion. The objectivity principle is aimed at making financial statements more relevant and reliable. Objectivity in … Read more
International accounting standards provide a global language for business affairs. It enables users to understand and compare company accounts from different countries. The International Accounting Standard Board (IASB) is one of the independent bodies that issues international accounting standards known as the International Financial Reporting Standards (IFRS). It was formally known as International Accounting Standards … Read more
How to write an accounting essay
Writing an accounting easy requires you to understand several things regarding the uniqueness of this kind of an easy. The kind of data to be in such an easy must be supported by factual figures that are verifiable through accounting calculations.
The below steps show you some guidelines on how to write an accounting essay.
For an individual to be able to write a successful and credible financial report in an accounting easy, then they are required to have very tangible facts and information that will prove the credibility of such a report. It means that you need to be able to define clearly the difference between the facts and the general information. Consequently, it is extremely vital to know who your audience is. If reporting to management it is different in terms of the level of writing to say that of financial analyst experts. The latter requires more numerical explanation than words.
Step One: Introduction
At this first stage, it is the point where the writer needs to show their understanding of the topic they are reporting about. They should be able to clearly show this in the first stage of the report. The basic concept at this stage is to ensure that the writer gives a clear outline of the objectives to this report. This will give the reader a clear guideline of what to expect in the easy and this prepares them as they go through the report.
Step Two: The Structure and Planning
Understanding how to write an accounting essay is not just about writing the essay. It’s also about knowing how to structure and plan your essay. After the first step where the writer establishes their understanding of the question, they should by now have identified their audience. This will determine the kind of structured approach which the writer is to use at this stage. There must be a very clear and concise layout and plan for the accounting easy. This means that there is clear organization of the subject areas. The plan should follow the Financial Reporting Standards that provide this concise plan system to the accounting paper. References from the International Accounting Standards that provide for various current accounting concepts need to be resourced. This means that it is at this stage that you begin to answer the question pose in the introduction step.
The planning of this stage requires a writer to select and identify their sources of information clearly. They should be able to identify their primary data sources, their secondary data sources and their tertiary sources of data. They also need to indentify the accounting data to be used at this stage in terms of ensuring that the data or information they are providing is credible. This data however has to be accurate and verifiable in accounting terms and mathematics. A writer should not just put figures for the sake; even estimated figures should have clear mathematical figures that help support the assumption given. The whole idea is to ensure that the information presented in the report if factual rather than just theoretical. Sourcing of referencing materials in accounting require their compilation such that they are able to backup the data provided. The kind of references to use need to be scholarly, that could be even from a past research done about financial accounting. The number or the amount of references to be used depends on the length of the report and the nature of the easy being written. In most cases a writer will use research data conducted by others in gathering financial information. You could conduct your own research; however it is not quite feasible and hence the writer will need to use research completed by others. The data gathered from this research should be used by the writer to add value to the easy being written. It is meant to provide the factual aspect needed in financial reporting. It will hence support or even challenge a particular financial concept detailed in the question. A vital thing to note at this stage is that brainstorming could prove very important. Accounting reports require quality information and details on it. This guarantees the credibility of the information. Hence with brainstorming it will provide the writer with very valuable information that could prove vital in ensuring the high quality easy that is demanded.
Step Three: Inclusion of Calculations or Analysis
This stage is the point that the writer proves the information they provided with actual financial calculations. This means that they are proving that the information they provided if factual and verifiable mathematically. It involves analysis of various accounting concepts that have been discussed in the easy. However, the inclusion of the charts, calculations, figures and the graphs should only be considered if the writer feels it will add value to the easy. The audience also will matter especially if this report will be read by financial analyst who may require these calculations. In addition it is vital to understand that not all financial reporting require calculations, others require discussion of the fundamental concepts in accounting.
Step Four: Conclusion and Recommendation
This is the final step of the essay. This is the point whereby the writer answers the overall question relating to the entire easy. There is a consistent summary that discusses the undertakings in the body of the easy. That means it provides the overview of the entire easy. It also highlights the analysis and the results from the calculation of the financial data. At this stage the conclusion should provide the outline of the answer to the question that has been discussed while at the same time the writer has to expresses their own point of view.
You need to consider the appropriate form of language and the reference style to be used. Harvard referencing style is commonly used in business writing. Grammar and spellings are important factors to be very mindful of while writing this easy. Proofreading will help solve this issue so as to have a quality easy. Every step of writing should add value to the easy.
We hope you learnt from reading our free ‘how to write an accounting essay’ guide.