Category: Accountancy

The career counseling session is devoted to the appropriate career intervention developed for the group of students with common interests and skills. The principal task of the counseling process is centralized around accounting career making. The group of students is to understand the main goals and professionalism they have to develop to become skilled and…

Introduction Regulatory boards such as the Financial Accounting Standards Board (FASB) have developed frameworks that seek to formalize systems of accounting used by different types of organizations. These frameworks aim at monitoring and regulating the recording, reporting, and preparation of financial statements in various organizations. Key among these frameworks is the Generally Accepted Accounting Principles…

Introduction In human society, it is natural that people united with a certain joint goal need some rules of regulations according to which they plan to achieve this goal. As well, the monitoring of results of their performance is also demanded to see how successful the work is and what improvements are needed. Drawing from…

Accounting is one of the fields that are often discussed in media despite their complexity and abundance of terminology that only the specialist are capable of recognizing and placing in the context of the narration. In a recent article Survey Finds Audit Flaws by the Big Accounting Firms published by Reuters in the New York…

Managing finances occupies a substantial area in all healthcare organizations due to the significance of real numbers to determine future practices, investments, and expenditures. Two different methods are used in various types of healthcare institutions, which are cash and accrual accounting basis. Still, most healthcare providers use the accrual method because it is believed that…

Nowadays, all organizations have to use unified accounting concepts to ensure sufficient reporting of their financial transactions.[1] Waste Management Inc. was one of the organizations that violated these standards while being accused of financial manipulations and fraud. In this instance, reviewing its accounting principles can help understand the actual financial process with the help of…

Hospitals and home care organizations have two distinctly different modes of operation. Whereas hospitals offer a plethora of treatments ranging from rudimentary health check-ups to long-term ambulatory care, home care organizations namely provide visiting nurses to perform procedures, provide instructions, and generally oversee the state of health of the patient (Jones, Finkler, Kovner, & Mose,…

Accounting research papers may become a pleasure to compose, but for some writers, they may turn into a complete nightmare. The main reason for this is the complexity of accounting terms that are not always comprehensible for nonprofessionals. Therefore, before starting to write an accounting research paper, one has to realize clearly in which field…

Introduction Current assets are assets which are most liquid in the organization the assets which can be used up or be sold in the business cycle. Current assets are those assets which cannot be held in the organization for more than one year and they form the basis of working capital of the business. Current…

Introduction Business management is a systematic process of four combined activities such formulating strategies, communicating these strategies throughout the organization, developing and carrying out tactics to implement the strategies and developing and implementing controls to monitor the success of the strategy in terms of achieving strategic objectives of the organization. To do these activities smoothly…