Role of accountants in Hull

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

Accounting principles from an Islamic point of view

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

Explain the role of the IASB & how the members of the IASB are appointed

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

Explore How US Accounting Standards Enable Acquisitiveness & Entitlement

Eight thousand years before the coming of Jesus Christ, the financial practice of bookkeeping was utilized to track assets and properties of empires on clay tablets using livestock and cowrie shells as a medium of exchange.  As time has progressed, evolution has enhanced the of practice financial transactions through automated systems and cryptocurrencies.  With advancements … Read more

Industrial Revolution 4.0 – accounting

The year 1850 begins the First Industrial Revolution that uses water and steam for power generation, followed by the Second Industrial Revolution in the 1900 for industrialization, where electric power is used for mass production, which then continued by the Third Industrial Revolution in the 1970s for electronic automation. Lastly, currently, the Industry Revolution 4.0 … Read more

Management accounting system for Electronic Boards plc

1 Introduction Electronic Boards plc require to construct a management accounting system which is accurate, updated regularly and integrates the whole team and processes. Currently there is a distinct lack of attention given to anything related to management accounts, show by the clear absence of a finance director. There are 4 keys areas identified which … Read more

Lack of Talent in the Accounting Industry

Lack of Talent in the Accounting Industry Abstract The paper is about the lack of talent in the accounting industry which has been a significant problem the industry has been facing. With that having been said the research paper is talking about a couple of topics within the accounting industry to help explain why there … Read more

Audit quality

Exploring the issue of audit quality and how investors and shareholders can be more assured about the overall credibility of the audit.

Data Analytics in Forensic Accounting

“The key to identifying fraud lies in the ability to comprehend what lies beneath.” The statement above is the basic purpose of forensic accounting, and the role that a forensic accountant plays in the analysis of a company’s financial statements. Forensic accounting, defined as “a form of investigative accounting which examines financial records in order … Read more

Self-interest as a threat to true accounting figures

Introduction My first attempt of discussing the statement has focused predominantly on different accounting profit figures used by companies, such as gross profit, EBIT and EBITDA. Knowledge acquired during the module has changed my view of accounting towards a multi-paradigm science, one that broadens the scope of identifying acceptable measurement rules, and therefore broadens the … Read more

Preferences of employers in relation to expectations of accounting graduates

The current environment beset with numerous changes due to globalization, heightened competition, numerous amounts of transactions, technological advance, increasing growth of knowledge makes the role of accountant as a “bean counter”. This reality renders accounting as a key discipline because it functions as the “language of business” (Burritt and Tingey –Holyoak 2011). Presently, accountants are … Read more

Personal development plan (accountant)

Personal Development Plan – Task 5 Introduction A personal development plan is ‘A structured and supported process to develop students' capacity to reflect on their learning and achievement’ (Dearing, 1997). In this plan I will be looking at the key requirements for me to achieve a career as an accountant working in professional practice as … Read more

The accounting industry

Overview The accounting industry is one of the most steadfast on the planet. It has often been called the “language of business,” and is the backbone of every economic entity. Thus, as the global economy progresses, so does the need for accountants. The profession measures the results of an organization’s economic activities and conveys this … Read more

Accounting articles : reviews

Academic Research Article #1 In Mary Barth, Wayne Landsman, Mark Lang, and Christopher Williams’ research article, “Are IFRS-based and US GAAP-based accounting amounts comparable?,” is primarily concerned with the comparability of IFRS adopted by non US firms as they compare with US GAAP applied by US firms. There has been much debate on the convergence … Read more