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.
Nobody downloaded yet

Finance and Accounting - Essay Example

Comments (0)
Summary
Financial accounting is the field of accounting that deals with the summary, analysis and reporting of financial transactions in a business (Ryan, 2004, 43-45). They prepare the business final accounts which are for use by stockholders, suppliers, commercial banks and non…
Download full paper
GRAB THE BEST PAPER

Extract of sample
Finance and Accounting

Download file to see previous pages... They analyze results of strategic decisions and measure the value of the results, strategize to maximize profitability, sustainability and flexibility, ensure that the business continues to grow, return value to owners and attract more resources, and make the decisions that are reflected in the financial statements, they are key players in the world of business (Robinson, 2012, 12). They record, analyze, summarize and report financial information for use by the management and investors, they also play an integral role in the firm’s daily management and decision making process, they execute strategic goals, drive growth and manage the firm’s risk by implementing financial controls over its business activities (Alba, et. al, 2005, 103).
Financial accountability is important in maintaining a healthy business. They also educate their employers on financial information accordingly and advise them. Generally they do not have to work with other employees as they report to the management directly. The average salary of a financial accountant is $50820 per year (Robinson, 2012, 97). Tasks carried out by a financial accountant include summarizing and preparing financial records and statements to report externally, maintaining records of assets, liabilities, capital (shareholders’ equity), tax demands and financial transactions in the organization. They utilize accounting principles to ensure compliance with regulatory reporting requirements.
To become an accountant one requires advanced education and formal certification to get qualified for senior accounting jobs. On the most basic level, accountants keep and inspect financial accounts for companies, government institutions and individuals. Some accountants are self employed while others work for large firms. Most accountants work full time though some work part time. Those who work part time are usually busier during end of financial year and during tax season (Ryan, 2004, 45). Most accounting professionals have ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Finance And Accounting
The realized return of a stock consists of two major components which are i) dividend and ii) capital gain or loss (Navarro, 2005). The dividend is referred to a portion of the earnings of a company. It is usually distributed to the shareholders as per the direction that is given by the board of directors of the company.
2 Pages(500 words)Essay
Finance and accounting
Finance and accounting Name: Course name: Course instructor: Date: Introduction According to Judge Holmes presentation on finance and accounting, accounting is a type of business function which basically involves recording and also reporting financial information for the internal and the external users.
3 Pages(750 words)Essay
Health Finance and Accounting
Indirect costs, also termed as overhead, are merged with direct costs in this model. Concurrently, traditional costing is the process of allocating manufacturing overhead to products in accordance to a volumetric metric (Lal, 2009). The volumetric metric is measurable in hours of production machine or direct labor.
3 Pages(750 words)Essay
Finance and Accounting
Both the companies are listed on the stock exchange. Ooredoo, formerly known as Qatar Telecom (Qtel), initiated its business within Qatar in 1949 by starting the first telephone exchange within the country’s capital Doha. Qatar Telecom led as a giant within the telecommunication industry within Qatar until 2008.
5 Pages(1250 words)Essay
Finance and Accounting Concepts
Finance and Accounting Concepts Introduction Accounting concepts play an important role in recording the financial transactions and is a discipline that provides certain information related to financial transactions. Accounting provides important financial information to a wide range of potential users who are able to make several economic decisions for the allocation of economic resources.
8 Pages(2000 words)Essay
Finance and Accounting Essay
Secondly, the fact that the enhanced disclosure is as well not enough and finally, there is the objective of realizing an improvement in the quality and the comparability of the financial reporting. During the analysis of the lessee’s financial position, it is evident that many users tend to want to capitalize operating leases through adjustments made to the reported financial information.
4 Pages(1000 words)Essay
Finance and Accounting
The analysis will be based on the annual reports for both companies for the year ended December 31, 2005 and December 31, 2006. The financial statements of Nestle Company and Hershey Company provide the accounting picture in terms of the financial position known as the balance sheets and usually taken as the snapshots at a point in time including the operations of Nestle and Hershey Company known as the income statement serving as the movie over a time period.
8 Pages(2000 words)Essay
Finance and Accounting
The decision makers of both the private companies and public bodies do not recognize the economic significance of the natural resources and the need of environmental performance. Apart from market reputation, there exist few incentives to
11 Pages(2750 words)Essay
Finance and Accounting
The author of the essay illustrates the peculiarities of finance and accounting. Besides, it is stated that according to the COSO framework, internal controls are normally based on five main components, which include the control environment, information and communication, monitoring, control activities and risk assessment.
1 Pages(250 words)Essay
Finance and Accounting
As tyhe report stresses adjusted present value approach is a capital budgeting technique that is used to value a firm that borrows debt. The technique starts with computing the value of the firm without the debt. Secondly, the technique values the firm with debt then considers the effect of the debt value both cost of borrowing and benefits.
2 Pages(500 words)Essay
Let us find you another Essay on topic Finance and Accounting for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us