Facebook Pixel Code
x
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Research Paper, Finance and Accounting Essay Example

Show related essays

Research Paper, Finance and Accounting

This is a preview of the 6-page document
Read full text

Research Paper, Finance and Accounting. It maximizes profitability and simplifies financial statements. But there are many disadvantages to it as well like personal prejudices and bias can occur while interpreting financial information. It is a tool and decisions can’t be taken by using it. Management accounting is still in the development stage and thus the tools and technique used may give different results. Recent developments in global economic have raised the importance of management accountants. Companies have to navigate the opportunities and risks to move forward. Hence there is great potential for management accountants to lead business towards the success in future. In addition to having good accounting fundamentals, they have to possess competencies in assessing, monitoring and forecasting performance and thus help their colleagues understand costs and income and thus assist the management in making decisions which are critical for the organization to move in the right strategic direction.

Tax advisor is one of the most important types of financial experts with good knowledge and advanced training on tax laws. Companies take help of tax advisors to find out the ways to reduce the burden of all types of taxes while remaining acquiescent with law in general and even complex financial conditions. Tax advisors include tax attorneys, Certified Public Accounts and financial advisors. The laws of tax are changing from time to time and tax consultants are needed to keep track of all accounting records. It is important to keep tax professionals to understand all the tax laws since any error in filing tax can be investigated by government officials. The tax consultants are subjected to intense and extensive testing and training so as to ensure that they are acquainted with the federal and state laws. This indicates that they can comprehensively handle taxes. Tax consultants are need while starting up a business since during early days a lot of wrote offs of the equipment bought can happen. In such cases it is important to have a tax consultant who can take care of the write offs. They have to advise on employee incentive schemes like share ownership trusts, share options, creation of employee benefit trusts and tax efficient employee benefits. They have to help individuals and businesses create strategies to deal with tax and prepare them for future decision making. They have to advise on property transactions like acquisitions of foreign property,. Research Paper, Finance and Accounting.

This is a preview of the 6-page document
Open full text

Reference

College of Business Administration, “Why Major in Accounting?”College of Business Administration, Accessed 08 March, 2014, https://www.csulb.edu/colleges/cba/accountancy/major/.
Close ✕
Tracy Smith Editor&Proofreader
Expert in: Finance & Accounting, Macro & Microeconomics, E-Commerce
Hire an Editor
Matt Hamilton Writer
Expert in: Finance & Accounting, Management, Marketing
Hire a Writer
preview essay on Research Paper, Finance and Accounting
WE CAN HELP TO FIND AN ESSAYDidn't find an essay?

Please type your essay title, choose your document type, enter your email and we send you essay samples

Contact Us