logo

Research Project on Accounting Theory

9 Pages2246 Words210 Views
   

University of Adelaide

   

Accounting Theory (ACCTING 3500)

   

Added on  2020-02-24

About This Document

Accounting is based on established notions. The goal of the accounting theory research project is to demonstrate the effectiveness of financial accountability. The primary accounting domains, such as auditing, financial accounting, managerial accounting, and tax operation methods, as well as the theories involved in making responsible financial statements, will be discussed.

Research Project on Accounting Theory

   

University of Adelaide

   

Accounting Theory (ACCTING 3500)

   Added on 2020-02-24

ShareRelated Documents
Accounting Theory1ACCOUNTING THEORYBy Students NameCode+Course NameProfessor’s NameUniversity NameCity,StateDate
Research Project on Accounting Theory_1
Accounting Theory2AbstractAccounting relies on the existing theories. The basis of the research project on accounting theory is to illustrate the effectiveness to financial accountabilities. We will look on the major accounting domains such as auditing, financial accounting, managerial accounting and tax operation strategies and the theories involved in stating accountable financial statements. Taking the federal government budget in relation to the banks we will examine the budget and bank financial systems controls.
Research Project on Accounting Theory_2
Accounting Theory3IntroductionAccountancy is science where financial transactions are recorded in a methodological manner for efficient business status. Therefore, accounting theory is a logical explanation under some guided principles that creates a framework on how accounting can be evaluated and enables development of new procedures and practices. Accounting systems are guided bythese accounting theories with application of accounting knowledge and skills.In real life each and every one must have his or her own financial strategies to achieveutility satisfaction. The government plays a big role when it comes to economic growth and development as it creates the foundation of the currency flow in the economy.(Shahrokhi, 2008) accounting starts from one individual for a reasonable financial status. Individuals mostly operates with banks by depositing their savings and also acquiring loans for investment whereby accounting plays a major role by ensuring a reliable and quality accounting information to meet a credible financial status. Government evaluations and operations tend to rely heavily on accounting strategies to make decisions to stabilize their economy. (King, Beattie, Cristescu and Weetman, 2001)They set financial accounting standards boards to deal with allocation of finances and also having firms to carry out auditing and financial managements with respect to accounting theories and principles on the government revenues and expenditures. The government creates a platform by introducing some basic education to produce accountants with sufficient practical experience equipping them with adequate theoretical knowledge for a solid and sound reasoning when it comes financial matters in the economy.The federal government in Australia is an example of a governing institution withstrategies to reform their budget. Some of economic theories focuses on; Usefulness,
Research Project on Accounting Theory_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Accounting and Auditing Practices in USA
|10
|772
|361

Manage Financial Resources
|15
|5339
|52

Applied Business Research Assignment
|9
|2059
|25

Financial Accounting and Regulatory Framework
|8
|3283
|438

Financial Accounting and Regulatory Framework
|8
|3035
|78

Accounting Financial Analysis Report
|13
|2375
|122