Category: Accountancy

Table of Contents Accounting Problem Ethical Considerations Negative Impacts Affected Parties Alternatives Concluding Points Source It is worth noting that any company should deliver reliable information and provide quality services to its clients and partners. Fundamental ethical principles in accounting are confidentiality, provision of services following technical standards, honesty, and transparency. Careless attitude to the…

Bookkeeping, Accounting, and Auditing Clerks These jobs are three of the most important in the company. Any company of whatever industry always fills these positions as soon as the company operations have started. It is revealed that these positions are offered in many different ways like temporary, contractual, or full-time. As for the nature of…

Abstract Business ethics take different forms and are applied at all levels and stages of its operation and management. The society expects corporations to adhere to a set of norms and rules for them to sustain their competitive advantages. In other words, corporations are expected to comprehensively practice corporate social responsibility (CSR). Among the ethical…

Impact of Foreign Exchange Rates When a corporation decides to conduct business internationally, it will be exposed to two significant accounting risks associated with export sales and import purchases. These risks are related to fluctuations in foreign currency exchange rates. When speaking about export sales and import purchases that are paid for immediately, there are…

Table of Contents Thesis Ambiguity and Vagueness Descriptions Instead of Prescriptions Accounting Standards VS. Conceptual Framework Counterargument: Technical Benefits Conclusion References Thesis In this presentation, I argue that a conceptual framework in accounting is aimed more at protecting the accounting profession than at the improvement of accounting practice. There are three critical arguments to prove…

Table of Contents Introduction Sales with immediate delivery Sales with delayed deliveries Transaction without sale and delivery Introduction Big Beans has entered into their transactions of stated sales. These transactions involve the accounting recognition of sales revenue. The accounting treatments of these three transactions have been reviewed in this write up taking into consideration the…

Introduction Salesforce.com (CRM) is a company that provides business software to organizations based on the cloud computing platform. The revenue model is based on subscriptions. The company was founded in 1999 and is headquartered in San Francisco, USA. It is a publicly-traded corporation. The chief executives of the company are Marc Benioff, the Chairman, and…

Introduction As professional people increasingly under public scrutiny, accountants find themselves exposed to complex ethical issues. There are many ethical issues with which accountants struggle and points to ethical systems as tools that can be used to solve ethical dilemmas. By understanding the rational methods by which ethical issues may be examined, the professional accountant…

Introduction The paper takes a financial analysis of Shire plc and AstraZeneca plc; both companies have their main operating base in the United Kingdom. Both companies are listed in the countries stock exchange. They are in the pharmaceutical industry. Brief information about the Companies Shire plc commonly referred to as SHP, is an international pharmaceutical…

The effort to achieve a single set of global accounting standards has gained significant momentum in the recent past. The logic behind the development of a single set of high-quality global accounting standards for the world’s integrating capital markets has become more evident especially with the collapse of major corporations in the recent past which…