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Essays on accounting error

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Earnings Management: The Continuum from Legitimacy to Fraud
10 pages (2500 words) , Download 1
There is a continuous argument in the audit circle on whether earnings management is another form of fraud. Fraudulent financial reporting engages deliberate misstatements or exclusion of figures or dissemination in financial statements as a part of a design to “manage earnings.”…
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Informal Recommendations Research Report
4 pages (1000 words) , Download 1
As you requested, below is the research paper related to the best practices of accounting that will be effective and useful for maintain accounting in a particular organization. Accounting best practices will allow an organization to keep different accounting records in proper…
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How can a manager motivate a workforce and what are the major benefits of this to a company support your answer with examples
4 pages (1000 words) , Download 1
The human capital of an enterprise is its most valuable asset (High-performance). Due to the importance of human resources to the firm it is imperative for companies to get the most out of its employees. A way to ensure the production of the workers is optimized is by motivating the employees…
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Account for decision maker
11 pages (2750 words) , Download 1
It actually aims at depicting the financial health of the company. It does not only provide a wide view into the financials of a company but it also identifies whether it can…
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Auditing-Accsys Technologies Plc
5 pages (1250 words) , Download 3
Firms’ value is a key indicator that helps it to build long term sustainable relation with its stakeholders. Thus, in the process of valuing its financial…
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SFAS 154 - Accounting Changes and Error Corrections

8 pages (2000 words) , Download 2
SFAS 154 – Accounting Changes and Error Corrections Introduction Companies are required to follow different accounting policies and principles in respect of their financial reporting requirements. Often it happens that certain accounting principles are changed or repealed or replaced with other new standards…
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Apple Company
6 pages (1795 words) , Download 1
The paper "Apple Company" presents that presently, the company is an American Corporation. Its products and services are mostly concentric to the manufacturing and designing of computer hardware, software, and other electronic gadgets to be rendered to the worldwide customers…
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The Success of Tesco in the UK Industry
8 pages (2000 words) , Download 1
The paper "The Success of Tesco in the UK Industry" describes that the big four supermarkets are really competing for the available market and it will take correct strategies for either of them to survive in the industry. Tesco has launched its own banking system and accounts for their customers…
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Rthur Anderson Scandal
8 pages (2000 words) , Download 1
Name: Company Analysis: Course Number: Date: Arthur Anderson Scandal Founding of Andersen LLP Arthur Anderson and Clarence Delany founded Andersen LLP. It was initially known as Andersen, Delany and Co. This was an accounting and auditing firm, which experienced tremendous growth to become one of the biggest accounting firms in the U.S (Martin and Arthur 112)…
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Controversies Behind Accounting and Audit Profession

8 pages (2000 words) , Download 1
Accounting and auditing are two of the most important tools that many private and non-private companies are using to solve corporate governance problem.To prevent accounting fraud, many literature states that it is common to act as the company's monitors…
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The Role of External Auditors in Accounting

18 pages (4500 words) , Download 1
The paper "The Role of External Auditors in Accounting" highlights that external auditors are professionals who are hired to conduct an audit based on the rules or laws on creating financial statements for the government, a private company, or a legal organization…
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Private Securities Litigation Reform Act's
10 pages (2500 words) , Download 1
In the paper “Private Securities Litigation Reform Act's” the author discusses the case where Plaintiffs were former Daou Inc. investors who purchased Daou common stock. The district court held that the plaintiffs had failed to state sufficiently particularize claims…
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The Role of External Auditors in Accounting

16 pages (4000 words) , Download 1
Pertaining to the profession of auditors, auditors’ liability has always been one of the main concerns of the public. Often dealt with common law, tort law or both, auditors’ liability could arise out of unfair or unjust practices when it comes to auditing a company’s financial standing…
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How classic was the 1959 mini

30 pages (7500 words) , Download 1
In the 1950’s, the major lifeline for the oil industry in Europe was the Suez Canal, which kept traveling expenses lower since it provides an alternate route for oil manufacturers who would have gone around the Cape of Good Hope should the canal have not been present (Mini…
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FINAL REPORT
36 pages (9000 words) , Download 2
This report forms the final segment of Co-operative Education Placement programme that constitutes of a self reflective developmental report as well as a discipline research on a particular topic of choice. The fundamental rationale behind this report is to assess and evaluate…
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Accounting Implications to Enron Corporation

10 pages (2500 words) , Download 1
The essay explores the accounting implications of Enron Corporation, an American organization based in Houston. Prior to its bankruptcy, it was among the world's major energy corporations generating high revenues…
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Enron accounting scandal

5 pages (1250 words) , Download 5
ENRON ACCOUNTING SCANDAL It was in 1985 when Texas-based Houston Natural Gas merged with a Nebraska-based natural gas company, InterNorth that lead to the formation of the new company Enron. In its earlier years of operation, Enron started as a natural gas provider…
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Inherent Risk

10 pages (2500 words) , Download 2
This is definitely true because the different users of the financial statements need them for their decision making activities. However, some scrupulous accountants and /or company officers are serious in their…
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Financial accounting

4 pages (1000 words) , Download 1
Financial Accounting 1. What is a manufacturing account?  Select one:  A) A manufacturing account shows the cost of goods sold in a manufacturing business.  B) A manufacturing account is an account that serves to calculate the cost of finished goods produced in a manufacturing business.  C) A manufacturing account is the personal account of a manufacturing business in the payables ledger.  D) A manufacturing account serves to calculate the direct manufacturing costs during the year, the amount of which is then transferred to the trading account.  Answer: Option B (A manufacturing account is an account that serves to calculate the cost of finished goods produced in a manufacturing busin…
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Ethics in Accounting - Enron (History and Background of Enron)

4 pages (1000 words) , Download 1
The rise and fall of big companies around the world has been as a subject of research and investigation since such cases provide valuable business and accounting lessons. One such company is Enron, whose failure led to massive losses to investors, banks and insurance…
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Frank Woods Business Accounting

10 pages (2500 words) , Download 1
The present assignment "Frank Woods Business Accounting" deals with the matters of financial accounting. It is mentioned here that a manufacturing account is an account that serves to calculate the cost of finished goods produced in a manufacturing business. …
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Audit Quality
8 pages (2000 words) , Download 2
The paper focuses on audit quality. Auditing is defined in the layman’s term as the activity when where the auditor goes over the financial statements( Meigs, 1995) done by the bookkeeper or accountant. The auditor is divided into external and internal auditor…
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Advantages of applying Accounting Information System in the banking sector

4 pages (1000 words) , Download 3
The process involved a lot of paper work specifically in the case of large organizations that make thousands of transactions on a daily basis. However, there has been a commendable development in the…
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Fraud, Errors and Illegal Acts
5 pages (1250 words) , Download 1
In the paper “Fraud, Errors and Illegal Acts,” the author discusses the basic responsibility of an auditor, which is to detect fraud, errors and illegal acts that take place in an organization and report it to the competent committee for an audit to take appropriate measures to prevent fraud…
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Do Banks and Companies Misstate Profits through Accounting Techniques

13 pages (3250 words) , Download 2
The paper “Do Banks and Companies Misstate Profits through Accounting Techniques?” specifically address accountants to create the units which would develop common accounting techniques for presenting the short-term and long-term financial condition of the companies and financial organizations. …
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Emerging Technologies in Accounting

8 pages (2000 words) , Download 1
The present essay under the title "Emerging Technologies in Accounting" dwells on the technological developments meant to deals with accounts. As the author puts it, there are some details which need to be available in the common database before the event, which will be used for reference…
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Auditing Essay

10 pages (2500 words) , Download 1
Auditing is the act of detecting errors and frauds in accounting statement, auditing utilizes some sample techniques to detect frauds and errors, Errors are much more likely to be discovered during an audit than fraud. A company is advised to have their accounts audited due the following reasons:
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MANAGERIAL FINANCE AND ACCOUNTING

5 pages (1250 words) , Download 1
This report encompasses the differences in accounting responsibilities of a Financial Accountant compared to a Management Accountant, and validates the need for an additional resource in the firm. It specifies the current workload being addressed by the Financial Accountant and…
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Critical Importance of Materiality in Auditing
8 pages (2413 words) , Download 1
The paper "Critical Importance of Materiality in Auditing" highlights that academic researches on materiality have proven Mock et al.’s assertion that an organisation’s levels of ‘materiality are more secret than the Coca-Cola formula” (Mock et al., 2009, p. 4). …
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Analytical Techniques and Errors
6 pages (2014 words) , Download 1
This work "Analytical Techniques and Errors" describes the examples of errors that commonly occurred in different fields and also discuss the analytical techniques that are commonly used in these fields to deal with these errors. It is clear that the implementation of different analytical techniques in dealing with errors in different types of businesses. …
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MEDICATION ERROR

3 pages (750 words) , Download 2
Safety, Prevention, and Reporting Instructor University Name March 15, 2013 A medication error is considered any event which is preventable that may lead to the inappropriate use of medication or harm to the patient. This definition is that which is used by the National Coordinating Council for Medication Error Reporting and Prevention (Sleinitz, Heyde, & Kloft, 2012)…
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Five Skills that a Forensic Accountant Needs to Possess
8 pages (2000 words) , Download 1
In the paper “Five Skills that a Forensic Accountant Needs to Possess” the author tries to understand why regular accountants and auditors, forensic accountants are typically tasked to uncover fraud and provide expert opinion to help the trier of facts evaluate the financial information…
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Discipline Investigation: The Field of Accounting

6 pages (1732 words)
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The author sets up an interview with a recognized accountant working for Deloitte whose name is John Thorn. The interviews aim at providing me with the relevant information about the qualifications, the job requirements and the expectations placed on an individual in the accounting field.  …
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Fraud And Errors of the Companys Financial Statement
6 pages (1500 words) , Download 1
This paper "Fraud And Errors of the Company’s Financial Statement" focuses on audit risk - the risk that the auditor expresses an inappropriate opinion because of intentional miscalculations like fraud and errors of the company’s financial statement. Identifying and assessing this risk is crucial in the audit process. …
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Reported earnings or actual earnings
11 pages (2750 words) , Download 1
Do companies misstate profits through accounting techniques? I. Introduction Recently, the four largest Australian banks have been under scrutiny. A month ago, media reported that Australian banks have earned record profits in 2010 (Bell 2010). Yet, just a few months earlier in 2009, Elliot (2009) in an Australian Broadcasting Corporation report described Australian banks to be as bad as AIG, a bank associated with both the US and world crises, an allusion that Australian banks are in crisis and that the supposed crises of Australian banks would lead to an economic crisis in Australia…
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The Responsibility of the Auditor for Fraud and Error

6 pages (1500 words) , Download 2
This paper “The Responsibility of the Auditor for Fraud and Error” discusses the auditor’s responsibility for fraud. It studies the link between the objectives of external audit to this responsibility. It draws on relevant auditing standards that provide guidance on the responsibility of the auditor…
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GAAP rules that will assist to determine the fraud in the key areas
11 pages (2750 words) , Download 2
This present research will begin with the explanation of the major problems that auditor has highlighted. The researcher of this report will attempt to evaluate and present the GAAP rules that will assist to determine the fraud in the key areas…
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Accounting Fraud: Enron Accounting Scandal

12 pages (3000 words) , Download 3
The research focuses on the study of the Enron accounting scandal. The research delved into Enron’s window-dressing of its financial statements to present a more favorable balance sheet and income statement…
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Research Paper, Finance and Accounting

6 pages (1500 words) , Download 1
American Institute of Certified Public Accountants (AICPA) has summarized the definition of Accounting as the One Degree with 360 Degrees of Possibilities. Accounting degree gives an individual the education to succeed at just about anything in the business world. …
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Keywords: Ethical education, Accounting-Curriculum, Accounting profession, students

40 pages (10000 words) , Download 3
Keywords: Ethical education, Accounting-Curriculum, Accounting profession, students Chapter 1: Introduction The accounting professional requires skill and sound ethical knowledge to a great extent. So, presently, ethics plays a crucial role in the professional of accounting fields…
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Discuss these abstracts in the context of academic research and recent developments in audit regulation and practice
8 pages (2000 words) , Download 1
The main objective of auditing of the financial statements is to enable the auditing team to determine whether the financial records have been prepared in material respects. The complete financial statements must take into account all requirements and be in conformity with…
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Types of Accounting Systems

4 pages (1000 words) , Download 1
The two major types of accounting systems that are used by accountants are accrued based and cash basis accounting. Transactions under accrued based accounting that changed a company’s financial statements is recorded in the period in which the events occur (Weygand, Kieso, Kimmel, 2002, pg.89)…
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Auditing and Assurance (Individual Case Study Assignment)
3 pages (750 words) , Download 2
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Auditing and Assurance: Individual Case Study Assignment Word Count: 1842 (7 pages) 1. Referring to the work performed by the audit senior, Michelle O’Loughlin and other relevant background information, determine whether the business risks for each of the 10 segments (accounts) identified in the memorandum would be significant (or insignificant)…
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Giving a Critique of the Usefulness of Spreadsheet Modelling in Financial Accounting and Reporting

6 pages (1500 words) , Download 1
GIVING A CRITIQUE OF THE USEFULNESS OF SPREADSHEET MODELLING IN FINANCIAL ACCOUNTING AND REPORTING Table of Contents Table of Contents 2 Spreadsheet modelling 4 Uses of Spreadsheets 4 Five Categories of Spreadsheet Analysis 6 Base-Case Analysis 6 What-If Analysis 6 Breakeven Analysis 7 Optimisation Analysis 7 Simulation and Risk Analysis 7 Spreadsheet Errors 8 Spreadsheets Modelling leading to Financial Crisis 9 Security and Control of Spreadsheets 9 Alternative to use of Spreadsheet Modelling 10 References 12 Spreadsheet modelling A spreadsheet is nothing but a blank table which is composed of number of boxes formed by equally spaced horizontal and vertical lines…
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Analysis of Medication Errors
6 pages (1500 words) , Download 2
 This essay discusses an analysis of medication errors which is a large ethical and legal area in nursing specifically, as well as healthcare generally. The report is based on an analysis of medication errors submitted to the USP's tracking system…
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Use Of Benford's Law In Fraud Investigation
20 pages (5000 words) , Download 1
The study presents the background and percepts of Benford’s law and its limitations and application of the law. The central purpose of the research is to understand the potential use of Benford’s law in fraud investigation and detection, with special emphasis on detecting fraud in accounting data. …
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Hacking the Accounting Information System

4 pages (1000 words) , Download 1
Effective components a better information system must therefore be able to collect, manipulate, disseminate data and information. Through these related…
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Week 6 discussion and participation
4 pages (1000 words) , Download 1
The inventory account is more crucial and significant for companies in the manufacturing sector due to the fact that these companies can have up to three types of inventory: raw materials, work in process, and finished…
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Financial Accounting Standards Board (FASB). Accounting Standards In The USA. Ethics And Accounting Profession

5 pages (1250 words) , Download 1
Financial Accounting Standards Board (FASB).
As an accountant if I had a chance of working for one of these three boards I would choose the Financial Accounting Standards Board (FASB). My entire accounting training has been based on GAAP…
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Enron Case: Accounting Controversies

5 pages (1250 words) , Download 2
They say that accounting is the language of business. A German investor would be ably informed of how the United States company Kentucky Fried Chicken or any other enterprise has performed in terms of generating profits…
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