Category: Accountancy

Impact of PCAOB on Accounting Information System Synopsis of Rule 3100 Rule 3100 deals with the follow-up of professional auditing standards set up by PCAOB for the registered public accounting firms. According to this Rule a registered public accounting firm has to follow professional accounting standards set up by the PCAOB, during their auditing processes.…

Positive Accounting Theory in Management Introduction This paper consists of two parts. Part A will explain statement about the accounting policy choice literature which is opportunistic policy motivated by various factors while part B will explain Fosters accounting policy choice from two viewpoints  from an opportunistic behavior and an information and signaling perspective. Analysis…

Bata India Ltd.: Management Accounting Analysis Table of Contents Introduction A Management Accounting Analysis of an Organization The effectiveness of MAS Conclusion References Introduction Management is the combination of planning, organizing, directing and motivating, performance evaluation and controlling. The accounting is the Process of identifying, measuring, accumulating, analyzing, preparing, interpreting, and communicating information to meet…

The IASB and the FASB and Their Role in the Accounting Table of Contents History of FASB and IASB IASB equivalents of the FASB original pronouncements The MSA program Bibliography FASB (Financial Accounting Standards Board) is the U.S.-based organization that issues Financial Accounting Statements (FAS) and other accounting pronouncements that constitute U.S. GAAP (Generally Accepted…

Accident and Emergency Clinic Department: Management Accounting Analysis Table of Contents Executive Summary Financial Statements Findings Recommendation Conclusion Reference Executive Summary This is a financial report represented for Accident and Emergency clinic department. The report is prepared mainly to be used by the directors of the accident and emergency clinic and is focus on the…

Rules of Financial Accounting: Economics and Management It is vital to describe control methods to show how an organization works to stop and curtail dishonest behavior and needless mistakes in its accounting records and data. Starbucks revealed that following the directives forwarded under the Securities and Exchange Commission act of 1935 is necessary for disclosure.…

Comparison of International Financial Reporting Standards and United States Generally Accepted Accounting Principles Introduction Since the introduction of IFRS, a public traded companies in Europe are required to adopt the standard requirement in reporting their financial statements. While in the United States, foreign companies reporting under the new IFRS were required by the Securities and…

Understanding Management Accounting Practices Table of Contents Introduction Main text Conclusion References Introduction The framework which was developed by Burns and Scapens in 2000 sought to explore the dimension with which management accounting change could be understood by studying of the rules and routines that shaped organizational activity. This framework was termed the OIE (Old…

Governmental Accounting: Funds and Their Purposes A fund is a separate part of monetary assets that has a specific purpose. This is a financial instrument that is widely used in economic practice. Besides, it is typically professionally managed in order to allocate resources in a proper way. Such funds are generally supported by taxes, grants,…

Accounting Scandals. Case Analysis Accounting and reporting issues have the power to diminish a company in a short amount of time. Enrons case is a proof  one of the largest companies in the United States went from $90 to $0.26 per share in a matter of days (Segal, 2020). The management of the company…