Thursday, March 28, 2013

Thesis in Audit and Accounting - subject ideas needed?

Thesis in Audit and Accounting - subject ideas needed?
Anyone got any good ideas on a subject for a Thesis for a Masters Degree in Audit and Accounting?
Other - Business & Finance - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
How much of a charity's income REALLY goes straight to the beneficiaries? The difficulties, for charities, of finding ethical suppliers of services - say, accountants for example!
Answer 2 :
What went wrong in audit objective and procedures at Enron? What has been done to try to prevent a reoccurence in future situations like Enron's? Are the measures adopted likely to achieve their purpose? What else should be done?
Answer 3 :
The aftermath of Enron - changes in audit practise with specific reference to the excessive controls now required by Auditors as they attempt to shift their liability to the Directors. A sub section on the additional costs of a non US company trading in America. PS I would appreciate a copy if possible.
Answer 4 :
'How can auditors who are being paid by the companies they audit remain objective?'
Answer 5 :
sorry but as a masters student shouldn't you have some sort of interest in your chosen subject to be able to generate your own ideas? The Enron examples are quite well covered already and have resulted in many changes in legislation, corporate governance and financial reporting. There's probably also alot of material that you can copy if you want to. You can take a look in Accountancy magazine to see what are the current issues.

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Thursday, March 14, 2013

Which A Levels for Accounting?

Which A Levels for Accounting?
I want to choose Maths, Further Maths, Economics and Physics for A levels in Sixth form, I chose Economics, Physics and Maths over Accounting because Uni's encourage people with these subjects, altough thats what i have heard?Is it true?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
don't do accounting at A-level.... it'll put u at a disadvantage when applying for uni. for example, LSE discourages Accounting and Business A-levels for students applying for an accounting and finance course... do the further maths :P

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Thursday, March 7, 2013

What does Accounting Harmonisation mean?

What does Accounting Harmonisation mean?

Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.termpapergenie.com/accounting_harmonization.html
Answer 2 :
The AASB has been directed to harmonise GAAP and GFS reporting into “a single set of government reports which are auditable, comparable between jurisdictions, and in which the outcome statements are directly comparable with the relevant budget statements”. The AASB has interpreted this direction as follows: • Harmonisation is to apply to all public sector entities: o whole-of-government reporting by State, Territory and Commonwealth governments; o reporting by entities within the General Government Sector (GGS), such as Departments; and o local governments. Harmonisation does not mean the replacement of existing GAAP with GFS. Rather, the principle is “convergence to a high quality standard” with consideration being given to definition, recognition, measurement, presentation and/or disclosure requirements. This is a point of contention with some jurisdictions, as some jurisdictions consider that the outcome of this harmonisation project should be financial statements that materially match the financial information, or at least the key financial totals, published by the Australian Bureau of Statistics. This issue has yet to be fully resolved also:- Harmonisation does not require the AASB to develop standards for budgetary reporting.

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Friday, March 1, 2013

why is accounting referred to as a social science?

why is accounting referred to as a social science?

Economics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
This is a great question. Economics is a social science; accounting is a profession. Both seem to me to be about mathematics. I guess that economics is mathematics complicated by people and their social habits which is not predictable enough to experiment with in the scientific way.
Answer 2 :
I think that you are probably confusing 'Accountancy' with 'Economics'. The former is not a social science, whereas the latter, is. Economics, involves human behaviour and the choices they make. I was an Accountant, but, thank goodness, not an Economist, although Economics was included within our syllabus.
Answer 3 :
Because it is not an exact science (like physics or zoology). Many of the figures in a company's annual report are adjustable depending on the outcome the Chairman wants to present.

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