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Accounting

Below are Essay & Assignments tackled by us on Accounting

Showing 21 to 30 of 63 results.

  • Brief for Cabinet on the Accounting reforms in Australia
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  • Complete assignment on Extensible Business Reporting Language (XBRL)
  • The technological developments in the past century have made serious impacts on the way how businesses are run. The validation and accessing of financial data has been a voluminous job that consumes m...More

    The technological developments in the past century have made serious impacts on the way how businesses are run. The validation and accessing of financial data has been a voluminous job that consumes man power well as revenue. The accuracy and ethics of such manual reporting of financial data have been questioned for a long time. The last decade has seen great improvement in the way companies handle their business and financial data. One of the main reasons for this is the XBRL (eXtensible Business Reporting Language). XBRL has revolutionized business reporting around the world. XBRL is one of the languages of the families of XML languages. XBRL is developed by an international non-profit consortium which comprises of 450 major companies, organizations, and government companies (XBRL, 2010).

    This report is aimed at the understanding of XBRL. The report outlines the development of XBRL and the roles played by various individuals and organizations that have played a major role in the development of XBRL. The report also identifies an Australian company that uses XBRL and explains why the company uses it. The report comments on how XBRL improves the quality of the accounting information. The report is concluded by identifying various areas of research for further development of XBRL.


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  • Complete Finance and Accounting analysis of Actuant Corporation
  • The report is based on the organizational details of Actuant Corporation. The entire report is focusing on the information about Actuant. The report begins with the discussion of the background and hi...More

    The report is based on the organizational details of Actuant Corporation. The entire report is focusing on the information about Actuant. The report begins with the discussion of the background and history of Actuant. The business activities in which the company is involved in also discussed in detail. Corporate governance an important factor for every organization, is also important for Actuant. The kind of relationship the company shares with its stakeholders has also been stated. The central part of the report is the financial and accounting system of the corporation. With the help of the report the author would be able to understand the financial health of the company. The report details the accounting system, financial management, working capital management, budgeting system and the capital budgeting of the corporation. The report would be concluded with the recommendations for the corporate governance and the corporate social responsibility of the firm along with a SWOT Analysis of Actuant (Cadbury, 1992). ... Less

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  • Comprehensive assignment on Budgeting process
  • Executive Summary 1
    Introduction – Budget and its importance in managing an organization 3
    An excellent budget process has the ability to convert objectives and goals into data 5
    Finding resources ...More

    Executive Summary 1
    Introduction – Budget and its importance in managing an organization 3
    An excellent budget process has the ability to convert objectives and goals into data 5
    Finding resources to implement the budget calls for extensive use of human resources and involves correct perceptions of individual roles while communication plays an important part in the entire process 9
    Differences between the communication flows when the budgeting process is imposed or participatory 10
    Conclusion 11
    References 12
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  • Critical Evaluation of the article – ‘The Positive and Negative Role for Banks in Money Laundering Operations’
  • • Introduction
    • Suitability of the Article
    • Evaluation of the Article
    • Currency
    • Reliability
    • Coverage
    • Accuracy
    • Author Credentials
    • Overview of Money Laundering
    • Institutional Theo...More

    • Introduction
    • Suitability of the Article
    • Evaluation of the Article
    • Currency
    • Reliability
    • Coverage
    • Accuracy
    • Author Credentials
    • Overview of Money Laundering
    • Institutional Theory – Agency
    • Institutional Theory of Agency as applied to Money Laundering
    • Conclusion
    • References

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  • Critical evaluation on whether “A comprehensive and durable conceptual framework for financial reporting is unlikely to be formulated”.
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  • Essay exploring the legitimacy theory as an important social and environment accounting theory applicable for corporate entities
  • The essay explores legitimacy theory as an important social and environment accounting theory applicable for corporate entities so as to retain a competitive position in the industry. Further, the ess...More

    The essay explores legitimacy theory as an important social and environment accounting theory applicable for corporate entities so as to retain a competitive position in the industry. Further, the essay highlights on the changes in disclosures of societal and environment information in respect to Australian and American companies. Two articles based on environment and social disclosure have been analyzed and critically critiqued to identify the importance of legitimacy theory and its application by corporate. ... Less

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  • Essay on Resource Profit tax in introduced by Australian Government
  • 1. Introduction 3
    2. Highlights of the proposed RSPT 3
    2.1. Subsequent Developments 7
    3. Application of the political cost hypothesis theory to RSPT 7
    4. Reactions of the Stake holders 8
    4.1 Reac...More

    1. Introduction 3
    2. Highlights of the proposed RSPT 3
    2.1. Subsequent Developments 7
    3. Application of the political cost hypothesis theory to RSPT 7
    4. Reactions of the Stake holders 8
    4.1 Reactions of the mining companies 8
    4.2 Reactions of the opposition parties 9
    4.3 Reaction of the labour unions and workers 9
    4.4 Reaction of Capital Market to the Resources Super Profit Tax 9
    4.5 Reaction of the Federal Government 9
    4.6 Reaction of the Finance sector 10
    5. My personal Opinion on Resources super Profit Tax 10
    6. Applications of Theories of Regulation to Stakeholders Reactions 11
    7. Reaction of Capital Market to the Resources Super Profit Tax 12
    8. Conclusion 12
    References 13
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  • Essay on the topic - Accounting standards serve as tools for eliminating subjectivity in accounting
  • Accounting has been defined in various ways. One of the significant one being is "the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and even...More

    Accounting has been defined in various ways. One of the significant one being is "the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character and interpreting the results thereof." Financial Statements and position contains accounting concepts which requires detail explanation. Here lies the importance of Accounting Standards. Accounting Standards is the written statements issued by institutions of the accounting profession or institutions in which it has sufficient involvement and established expressly for this purpose. For example, in India, Institute of Chartered Accountants of India (ICAI) harmonizes the diverse accounting policies and practices for Indian corporates to follow. ... Less

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  • Finance assignment on the Adoption of International Accounting Standards by Australia
  • This assignment is based on the following assignment description –

    Topic
    “In July 2002 the Financial Reporting Council (FRC) announced that it fully supported the adoption by Australia of the Int...More

    This assignment is based on the following assignment description –

    Topic
    “In July 2002 the Financial Reporting Council (FRC) announced that it fully supported the adoption by Australia of the International Accounting Standards (IAS). The main predicted benefits of adopting the IAS were improved access to international capital flows and reduced financial reporting costs for Australian multinational companies. This announcement was in line with section 227 of the Australian Securities and Investments Act 2001 where the Australian Accounting Standards Board (AASB) was required to participate in the development of accounting standards for worldwide use. Australian reporting entities are now required to prepare their financial statements based on the Australian Equivalents of the International Accounting Standards”.
    Read carefully the above paragraph then answer the following questions:
    a) Why has the FRC decided that Australian Accounting Standards should be consistent with those being issued by the International Accounting Standards Board (IASB)? Are there any potential culture impediments to the international standardisation of accounting standards?
    b) What are the major changes to Australian financial reporting practice and Australian financial reporting regulation that resulted following the adoption of International Financial Reporting Standards (IFRS) on 1 January 2005?
    c) Identify the types of entities that are, or are likely to be, required to prepared financial statements in accordance with IFRS (their Australian equivalents) after 1 January 2005. For each type of reporting entity consider wether the benefits of convergence with IFRS, as stated in AASB Policy Statement 4, are likely to materialise.
    d) The international standardisation of financial reporting does assume that a ‘one-size-fits-all’ approach is appropriate at the international level. Is this is a naive perspective? Explain your answer.
    e) Briefly discuss some arguments ‘for’ and ‘against’ the international standardisation of financial reporting. Which arguments do you consider to be more influential?
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