Accounting System Research Papers Samples For Students

CHAPTER ONE

1.0 Introduction
This chapter provides the background to the study. It details the problem statement, research objectives and research questions.
1.1: Background of the Study
As businesses grow out of the start-up period and expand their capital and operation, size and product or service offerings, their accounting based informational needs some changes (Bodnar, 2010). Most small business start-ups begin with an off-the-rack accounting based package for instance Peachtree or QuickBooks and run the basic accounting reports from them. However, there comes a time when the environment, government, accounting rules and standard and other technological based factors force ...

Abstract

The paper gives an account of the importance of accounting. It provides information about the increasing importance of accounting in the recent years and the entities that pay attention to the information provided by the accounting system. The paper also describes about how each party makes use of accounting and its role in the process of decision-making. It also explains the need for recording and analyzing the transactions through the accounting system. Most importantly, the paper asserts the importance of accounting in assessing the performance of firms. The paper also provides a great deal of information about the role of ...

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Enron was believed to be one of the leading, innovative corporations of the world. The company that received the “America’s Most Innovative Company” award for six years in a row by Fortune magazine saw a sudden fall in 2001 and shocked the entire industry. The fall of the giant corporation did not only affect the industry but also shattered the dreams of the employees and stockholders of the company who had been bedazzled by the great profits.
The factors behind the fall of this huge corporations were never identified before ...

Introduction

Every logistics company deals with different customers and companies. That can cause problems especially when the company department does not have enough employees who can handle the big amount of documents from different customers. This research the causes of documentation delay in freight forwarder department in Al Madina logistics
- As a manager/an employee at Al Madina , how do you feel the a documentation delay in the organization affects the output?
The managers felt that delays of documentation affect the customer in negative way since they are not satisfied with the industry. As will it affect back office operations ...

Al Madina Logistics Services is an Oman based private company that leads the supply chain sector. Some of the services of supply-chain services include transportation, container yard, professional logistics consultancy, warehousing, freight forwarding, and transportation. The warehouse and distribution centre .consists of ultra modern facilities with strategic locations in Oman. The Warehouse has storage facilities and handling systems. The value-added services provided at ALMS include sorting, inkjet coding, bar coding, quarantine management, and damage product destruction.

Manager/ Employee

1. Documentation delays
Some of the challenges that AlMadina faces in Oman include slow processes, ineffective sharing of customer data, heavy paperwork, ...

Introduction

An accounting framework essentially influences the way business entities delineates success. Traditional accounting predominantly concentrates on increasing the shareholder value while also influencing the bottom lines of the business in terms of its finances. However, an growing number of corporations now-a-days, are primarily interested in either the so called “double” or “triple” bottom line accounting. Their focus is not just on measuring the impact their business practices have on the financial bottom line, but also upon the impact their business practices have on their personnel, the societies in which they operate, as well as the environment surrounding them.
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The cost accounting system that an organization chooses to use is determined by many factors. Key among the determining factors is the business the organization carries out. For instance, an organization offering services and having distinct jobs for its workforce will elect to go by the job order costing system of accounting (Shim & Siegel, 2009). On the other hand, an organization dealing in the production of goods, especially identical units, will opt to use the process costing system of accounting. In simple terms, the products of the organization are the determinants of the system since costs relate directly to ...

Accounting concepts define the manner in which organizations and businesses report financial position of the organization and therefore it is a succinct analysis of the general operation of a business. Thus, different accounting model would define the same business in different perspective. One model may provide a view that the business is on solid standing reporting impressive profits and sound financial backing. Other models may find the same business in poor financial standing. Internationally, there abound inherent difference in financial reporting and this difference has not been thoroughly evaluated. However, some nations such as the United States and the United Kingdom have ...

SUMMERY

INTRODUCTION
The manufacturing sector, production means making a product either by using a machine or hand or both. It’s a component of goods producing industry. Unlike trading or service businesses that buy products and sell at a higher price to make the profit, manufacturing instead make products that they finally sell. Manufacturing companies that produce and sell goods needs an accounting system that does not solely look at the accounting aspect only but also sale and purchase of the goods. By this, the accounting system for the manufacturing industry is more complex than the service sector does not ...

The move toward transforming from centrally planned economies to market economies for the last ten years has seen some countries approaching the finish line, other struggling at various stages, and a few barely off the starting line. A number of Central and Eastern European economies are making negotiations with the European Union. On the other hand, majority of economies in the Commonwealth of Independent States, including Ukraine, have remained murky in their prospects and progresses in the transition process.
Romania and Ukraine are among the many countries that are in the verge of transition from a centrally planned economic model ...

Introduction

Managers are constantly making decisions that affect the operations and the bottom lines of the business. Such decisions could include the stocks in which to invest, when to introduce a new product into the market, how to optimize the profits of a firm, how to assign employees to various tasks, and when to venture into new markets. Managers require information to make correct and timely decisions. Managerial accounting and financial accounting are potent sources of the information that managers require when making decisions. Managerial accounting entails the identification, measurement, and communication of the economic information that is needed by ...

Introduction

The origins of various components of bookkeeping are aspects that have evaded scholars and economists overtime. It is not very clear on when the issue of cost accounting started to be used by various business people. The literature on the issue suggests that attempts to manufacture accounts can be traced to as early as the 16th century. As time went on, the accounting practices became more complex. This paper seeks to trace the development of the concept of cost accounting by first having a clear conceptualization of the field and then looking at the advances that have been made ...

MEMORANDUM

Re:

Introduction

I have keenly assessed the memo recounting Sylvia Martinez’s current business activities. Sylvia operates a chain of dry cleaning stores within the Houston metro area. She is currently planning to do major renovations to two out of her five locations. Sylvia married Polino who is later employed by the dry cleaning business and pays the cost of Polino’s polo playing. She uses Polino’s polo playing as an opportunity to advertise her dry cleaning business by tagging the business logo on Polino’s polo uniforms and sandles. Sylvia also sells cleaning products alongside dry cleaning services. Sylvia ...

An Accounting Information System (AIS) refers to the structure used by a business to collect, process, manage, store, retrieve, and report business related data. Business analysts, accountants, managers, consultants, auditors, tax agencies, and chief financial officers use such information in making crucial business decisions (Gelinas, Dull, and Wheeler, 2012). Professional accountants work with AIS in deriving financial data with high levels of accuracy in record keeping, and avail this information to decision makers (Hall, 2013). AIS also ensure that the data used by accountants remain secure and intact and that it is only availed to legitimate users.
AIS are ...

Introduction

A recent research on management accounting culture change established how accounting practices are woven into the cultural fabric of any organization. The study adopted and explored theories of a series of cultural change interventions related to management accounting. The traditional accounting methods involved process costing, standard costing and job-order costing. The evolution of business environment was considered efficient because of its role in the accounting techniques. The new methods labeled as advanced management techniques were considered to provide tools of achieving a competitive edge. They include Kaizen costing, activity-based costing, value-added accounting, cost of quality, strategic management accounting and back-flush costing. ...

Costs influence the pricing decisions of any company as it aims to make a profit out of its production activities. The healthcare industry is volatile and competitive and the pricing set in the market will not be suitable for a company that does not strategically control its costs. The management of an outpatient health clinic felt the need to shift from a traditional accounting system to a modern cost accounting system known as activity based costing (ABC).

ABC in an Out-Patient Health Clinic

In traditional system of accounting, the good or service would be assigned direct and indirect costs. The fixed costs would be estimated for the different products ...

Introduction to Coca-Cola Company

Coca Cola Company is recognized as one of the leading marketer, distributor and producer of non-alcoholic beverage, concentrates, and syrups in the US. The company has a strong brand portfolio and name which enabled the company to remain position one in the listing of top 100 brands in the year 2007. Currently, the company enjoys synergies and massive growth through acquisitions and mergers with other companies in the same industry. The company’s linkage of its strategic goals with its vision and mission statement has enabled the company to gain a competitive advantage against other companies.

Budgeting Process

Coca Cola’s budgeting system serves ...

Modern accounting systems

Introduction

Developments in Information and communication technologies have lead to the development of numerous accounting software. These accounting software have facilitated development of modern accounting systems. Examples of accounting packages are; QuickBooks, Sage, Cashcall, Mind Your Own Business (MYOB) and Enterprise Resource Planning (ERP), [ CITATION Ree05 \l 1033 ].Modern accounting systems have revolutionized the way accounting is done and had a great impact on businesses. This paper discusses the impact of modern accounting systems on organizations.

Improvement in financial reporting

Many organizations obtain funds from various sources. The various providers of funds have different information needs therefore financial reports need to be structured to ...