Accounting Essay: What It Is And How To Write It?
An essay on accounting is a short academic paper concerned with the activities involved in maintaining or checking the legibility of financial records and documents. Such an article deals with the documents but business managers, units, and shareholders as well.
Accounting Essay – Nail It Easily!
Many students perceive accounting essays as tedious and boring. However, the opposite is true. These papers are interesting, knowledge enhancing and thrilling to read. Some of the diverse accounting areas include:
- Accounting functions,
- Processes, and
For an influential accounting paper, you will have to exploit emerging trends in any of the abovementioned areas. Since this is an evolving subject, you will need to keep up to date with contemporary issues to develop a top-grade paper.
Accounting Essay Outline Structure
An outline is essential for any paper you wish to write. As a technical field, accounting essays go beyond the structure. You will have to use complicated words or terms in your article yet, at the same time, communicate effectively to the general audience.
Before writing your paper, consider the following guideline:
- Plan your time well: It is common practice for most students to say that they work well under pressure. However, such an essay requires extensive research to establish the accurate facts, figures, and statistics.
- Brainstorm the relevant ideas for your essay: Money matters require authentic and verifiable information. Remember that every coin matters in accounting and, therefore, seek input from various sources.
- When writing: Ensure that you use objective style and expressive language. Before you think of seeking accounting help, make sure that you have done your homework well. It will help you offer the correct instructions to the writing help agency.
About the outline:
- Introduction: Begin with a general idea using catchy and precise language. It is the part where you can keep the reader glued to your accounting essay.
- Body: A good accounting essay requires a logical presentation of information in the body paragraphs. The information you give here determines the credibility of your paper.
- Conclusion: After providing all the relevant information, there must be a well-written conclusion that justifies the essay. The decision is the key to top grades. Please make no mistake about it.
After writing your paper, ensure that you proofread to eliminate any erroneous statement of statistics. Dealing with numbers requires an eagle eye to avoid including wrong figures.
Use only the essential accounting terms and avoid the temptation of complicated terminologies. If need be for you to use them, then give an explanation or short description.
Now let us explore a list of expert accounting topics for your motivation:
College Accounting Essay Topics
- The role of the financial manager in checking accounting books
- Why the accounting management team determines the productivity of a company
- How often should a company review its balance sheet?
- Is technology the solution to accounting discrepancies?
- What is the place of academic level in accounting management?
Persuasive Accounting Paper Topics
- Why practical knowledge in accounting exceeds theoretical knowledge
- A large business enterprise needs sophisticated accounting software
- Why small and medium companies should outsource accounting services
- Best accounting practices in the international and national scale.
- Accounting diploma holders are more practical than their degree counterparts.
Cause and Effect Accounting Topics to Write About
- How the number of human resources determines a company’s success
- Effects of technology on accounting credibility
- Causes of mistrust among accountants
- What causes bankruptcy on giant companies?
- Why accounting should be a full-time job
Latest Accounting Research Paper Topics Ideas
- The effect of time on cash flow.
- Why auditing is essential for any accounting company
- Should accountants consider the newest internet technologies for their functions?
- The evolution of accounting in the United States of America.
- Is offshore accounting legal?
Managerial Accounting Topics for Research Papers
- Management of earnings and their perspectives
- How organizations can effectively reduce taxes
- The ultimate guide to making the correct managerial decisions
- Ways of preventing debt accumulation in a struggling company
- How to manage a business start-up during the coronavirus
Accounting Essay Help From Qualified Writers
Even after going through the writing guidelines and accounting topics, you might still want accounting help online. With this assistance, you will save on your time, money, and good grades as well. It uses writers with professional practical and theoretical experience in the accounting field.
You are sure of engaging and well-articulated accounting essays that will earn you an A+ grade. The following are some of the accounting subject areas that college students can get help in:
- Finance and management
- Cost accounting
- Income tax
- Business law
- Accounting systems and auditing
Now, let’s take a look at the sample essay on the auditing process of accounting.
Accounting Essay Sample
The primary objective of any auditing process is to have the auditor issue an opinion on the preparation of the financial statements of a given organization. Auditing is the process of scrutinizing the books of account with the aim of checking for accuracy of the financial statements provided by the organization to its users. For any auditing process to take place there must be an agreement from the auditor on the engagement by the organization. Particularly, various elements are characterizing every audit process for it to be complete and successful; these elements are as outlined below.
The audit engagement is a formal notice by the auditor to the company requiring the services notifying them of his interest in an engagement in the audit process. It involves various steps such as planning the audit process showing how to undertake it, testing the controls engaged before and during the auditing, substantiating the audit report given, fieldwork to gather evidence, and lastly finalizing, and reporting. These are the specific procedures to use when dealing with an auditing process.
At the end of every auditing process, an auditor is responsible for giving a report on the financial statements of the company under investigation. Audit risk is the risk that the auditor might issue a wrong opinion regarding the accounting records such as giving a qualified audit opinion whereas there was no qualification necessary. The audit risk has three categories, the inherent risks, control risks, and detection risk.
The inherent risk is one that is as a result of an error in the financial records not contributed by the failure of the audit controls. The extent of this risk is dependent on the complexity of the transactions hence the more the complexity of the transactions, the higher the inherent risk. Secondly, the control risk arises as a result of the organization failing to implement the internal controls preventing fraud and errors. Therefore, the lower the internal controls the higher the control risks. Lastly, there is the detection risk arising from the failure of an auditor to detect a misstatement in the accounting records, thus, affecting the final auditing opinion.
Material misstatements involve the hiding or manipulation of the material facts with the intention of undertaking fraud or causing an error. When the customer realizes, it may lead to cancellation of the contract between the company and the auditor. In auditing, it affects the decision of the one using the auditing information. However, it is different from material inconsistency that is due to a conflict between the other information provided and the information in the financial statements.
The level of materiality of the information is a decision of the auditor regarding the significance of the report depending on the financial statements under auditing and the level of the tests to conduct during auditing. Other factors determining its levels include the regulatory requirements and the public expectations of the users of financial information. An auditor can change the materiality judgment on instances where the amount used was an estimation or in cases where there are changes in amounts affecting the final opinion of the financial statements.
Auditors set a performance materiality level involving an amount that is less than the materiality level for various classifications of transactions. Therefore, this helps in the assessment of the risks of any material misstatements. In addition, a tolerable misstatement is an amount in an account balance that an auditor may tolerate without affecting his judgment of the financial statements.
Audit planning involves the requirements regarding the preparation of an audit process. The planning has the objectivity of facilitating the effectiveness of the audit process. It consists of the development of an overall audit strategy for the audit engagement, coming up with an auditing plan involving the planned risks, assessment details of the risks, and handling ways of handling these risks. Planning of an audit engagement is a continuous process that begins when the audit process starts until its completion.
The audit engagement is where the auditor and the company agree and gives consent to the audit process. It involves the client acceptance to engage the services of the auditor and the auditor agreement to provide the services to the company.
Mostly, this involves the designing of appropriate responses to the risks of material misstatements. Every auditor is responsible for addressing the risks of material misstatements by using the proper audit responses. It involves two types of responses that is the overall responses and the response concerning the nature, timing, and extent of the audit procedures the auditor performs. These responses involve the disclosing elements of unpredictability during the selection process of the right audit procedure, the provision for the aspects of supervision during the auditing process, and the identification of the potential misstatements that might result from these unknown risks.
Brainstorming in Auditing
According to the statement on auditing standards (SAS) number 99, it is a requirement for auditors to conduct a brainstorming session during the audit process. The main reason for this interaction is to bring together an auditing team to generate the ideas on how to identify any fraudulent activities in an organization and come up with ways to detect the fraud during auditing.
In order to achieve a productive brainstorming session and yield the expected results, the lead auditor should lead in suggesting the best ways to customize the brainstorming process thereby offering the questions the auditing team should address hence achieving quality results.
Hopefully, the shared subject areas will address your need. Feel free to approach us for a custom accounting essay help today at cheap rates.