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Essay Samples on Finance & Accounting

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Audit Risk
According to the Institute of Chartered Accountants in Australia, “audit risk is the possibility that an auditor expresses an inappropriate audit opinion on the financial report that is materially misstated”. As business risk increases, the risk of material misstatements also increases....
Pages: 13 (3250 words) , Essay
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A Trustees Possible Liability for Breach
This research tells that the nature of trustee responsibility requiring him utmost caution in exercising judgments could make him liable for breach and said breach of trust must be in respect of the trustee's investment powers and duties. Federated Pensions case ha the occasion to...
Pages: 11 (2750 words) , Essay
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Analysis of 2007 Financial Market Crash
There was a rise in default cases which led to a threat of collapse of the companies. The type of mortgages they offered was referred to as Adjustable-rate mortgages as opposed to the standard Fixed-rate Mortgages. The terms of this type of Mortgage required the...
Pages: 6 (1500 words) , Essay , Stock Market Crash , Crash
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Accounting Theory
The accounting theory that would be relevant in relation to this article would be the implementation of accounting application that the company might use so as to revive from the crisis....
Pages: 7 (1750 words) , Essay , Offshore Drilling , Accounting
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Agency Problems and the Theory of the Firm
According to the research findings, it can, therefore, be said that the agency theory is among the firm theories that have conceptualized the corporate governance problem as an inevitable issue of the firm. The agency theory perceives the corporate structure as a “nexus of contract”...
Pages: 8 (2000 words) , Essay
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Accounting Information Systems (AIS) And Telecommunicating Accounting Information
The companies spent millions of dollars annually to maintain and communicate accounting the details to investors, directors, managers, exchanges, etc. Not only that but the amount of time spent on simple accounting of transactions increased many folds....
Pages: 6 (1500 words) , Essay
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Accounting Without Credibility Is Worthless
If financial information is manipulated in order to achieve a given result instead of merely reporting faithfully reports on economic events and activity, it is obvious that the resulting information will be biased (Solomons 1986). This is against the principal of neutrality as neutral information...
Pages: 7 (1750 words) , Essay
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Advanced Financial Reporting and Regulation
There was a nee of high transparency from managers of these funds, to their investors or shareholders. Scholars denote that during the financial crisis, there was a need for high transparency, as investors needed information for purposes of making sound financial decisions. ...
Pages: 8 (2000 words) , Essay , Government Regulation
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An Investment Portfolio Based on Stocks from Canadian Stock Exchange
The company faces a variety of risk including market risk and default risk. The company is solid but any technology company always composes general business risks. On October 15, 2007, the company accomplished and breakthrough contract in a tough market, India, worth $43 million dollars...
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Accounting Treatment of Non-current Tangible Assets Under IAS
A tangible asset having different parts of valuable importance in its functioning should be dealt with not as a complete unit so far as its recognition and applicability of depreciation is concerned. Every part should be given due importance and dealt with separately....
Pages: 6 (1500 words) , Essay
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Accounting Policies and Changes
The opportunistic perspective is all about the managers. Managers would seem to work towards satisfying their personal interests at the expense of all other stakeholders. The perspective is ex-post. Since the possibility of setting out all accounting rules applicable to all situations in advance, it...
Pages: 6 (1500 words) , Essay , Accounting
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Auditing Theory
Ordinarily, a 38.08% increase in turnover should lead to a corresponding increase in debtors. The debtors have increased by 54.75%. The number of day’s sales in debtors has increased from 110 to 123. This means that unlike 2004 when on average debtors were taking 110...
Pages: 10 (2500 words) , Essay , Marxist Theory , Conspiracy Theory
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Advances in Management Accounting research over the last 30 years
In this respect, in-depth analysis has revealed that calculations being involved within the management accounting basically drives the organisational initiatives. Similarly, Shotter (1999) discusses about the relevant development of management accounting. Information related to the origin of management accounting reveals about its emergence in the...
Pages: 6 (1500 words) , Essay , Performance Management , Management
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Answer Questions
By ploughing back its income, a listed company can source finance. At the end of every financial year, a company that earns net income sets aside some of this income and retains it. This income is not distributed to shareholders and can be used as...
Pages: 8 (2000 words) , Essay
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Sweety Ltd Cash budgeting Contents Introduction 3 i.Cash Budget 3 ii.How budgets help managers 3 Table 5 iii.Analysis of Sweety Ltd 6 References 9 Introduction Sweety LTD is a confectionary trader based in London. Like all other businesses, it has to stay competitive in the market....
Pages: 8 (2000 words) , Essay
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Account theory
Schindler’s bad reputation also caused it to lose service contracts. The accident that got Schindler into trouble occurred in 2006 in Minato Ward, Tokyo. A 16-year old boy was getting off a Schindler elevator with his bicycle while the doors were ajar. The elevator began...
Pages: 9 (2250 words) , Essay , Schindler , Oskar Schindler
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Advanced Accounting Theory & Practice In respect of IAS 17 Leases, you are required to: a) Explain the key features of the current accounting standard. You should use at least one illustrative example for lessee accounting from a published set of fi
The proposed draft would then change the existing disclosure requirements (IFRS 2013). The IASB and FASB undertook collective deliberations for more than two years and finally in May 2013 they came up with their latest exposure draft, which had significant differences from the formerly proposed. The...
Pages: 11 (2750 words) , Essay , Draft
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Accountability of Public Finances
South Africa Public Accounting Financial reporting of public entities in South Africa is under the responsibility of the Public Accounts Committee in the legislature. Just like in China, it is a watchdog to the expenditure and income of public organizations. Government agencies are expected to prepare...
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Access the importance of institutional investors for financial market
The economic requirement however is that there should big number of institutional investors so as not to create a monopoly or oligopoly that could create situation where they could sabotage the economy in preventing economies of scale and not attaining the allocative efficiency (Weisbrod, et...
Pages: 8 (2000 words) , Essay
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Accounting report
The firm is still a federal corporation and up to date commercialization has not fully occurred. Currently in any business, competition is high due to innovation, creativity, advance technology and different management styles used in every business firm. Postal services are not an exception competition occurs...
Pages: 9 (2250 words) , Essay
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