Journal Articles

accounting articles

The Journal of Accounting Research is a general-interest accounting journal. It publishes original research in all areas of accounting and related fields that utilizes tools from basic disciplines such as economics, statistics, psychology, and sociology. Although it was sometimes referred to as accounting, bookkeepers were still doing basic data entry and calculations for business owners. However, the businesses in question were small enough that the owners were personally involved and aware of the financial health of their companies. Business owners did not need professional accountants to create complex financial statements or cost-benefit analyses.

The amount of the allowance is usually based on the firm’s historical experience with similar receivables. Older receivables may be assigned a higher probability of loss, while newer ones are assigned a lower probability. For example, receivables less than 30 days old may be assigned a loss probability of 2%, while those at least 90 days old are assigned a loss probability of 40%.

To Solve This Data

This paper explains how the Balanced Scorecard and Strategy Map should be modified to reflect businesses’ expanded role for society. I understand this consent is not a condition to attend UWF or to purchase any other goods or services. Ethics in accounting includes both strict adherence to guidelines and careful assessment of unique accounting articles situations where professional judgment is necessary. Understanding the ethical frameworks for independence, integrity, confidentiality and professional competence can guide decision-making and help preserve the reputation of the field. One of the key traits of a professional is adherence to a rigorous set of ethical guidelines.

  • Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services.
  • You may also be wondering what topics are usually covered in accounting classes.
  • Latest articles are citable using the author, year of online publication, article title, journal and article DOI.
  • Given that a large number of institutional investors seek sustainability data and have committed to using it, it is increasingly important to develop a robust accounting infrastructure for the reporting of such information.
  • Bookkeepers most likely emerged while society was still using the barter system to trade (before 2000 B.C.) rather than a cash-and-commerce economy.

A general ledger is the record-keeping system for a company’s financial data, with debit and credit account records validated by a trial balance. Today, technology has brought accounting software such as QuickBooks. The title is awarded to those who pass state examinations and have three years of experience in the field. The creation of professional accountants came at an opportune time. Less than 20 years later, the demand for CPAs skyrocketed as the U.S. government, in need of money to fight a war, began charging income tax in 1913. They arise when a company extends too much credit to a customer that is incapable of paying back the debt, resulting in either a delayed, reduced, or missing payment.

How A Company’s Relationship With Its Accounting Firm Changes As It Grows

Then, as now, business sense and ability with numbers were not always found in one person, so math-phobic merchants would employ bookkeepers to maintain a record of what they owed and who owed debts to them. The Mesopotamians kept the earliest records of goods traded and received, and these activities are related to the early record-keeping of the ancient Egyptians and Babylonians. The Mesopotamians used primitive accounting methods, keeping records that detailed transactions involving animals, livestock, and crops.

accounting articles

As you are considering your steps towards an accounting degree, you may be asking yourself which accounting classes you can take and whether accounting classes are hard. You may also be wondering what topics are usually covered in accounting classes. In this article, we discuss the core and advanced accounting courses and what accounting knowledge you can expect to gain by enrolling in them.

Financial Metrics And Kpis To Measure Success In 2021

After which, the candidate must pass a set of rigorous requirements. This article gives some practical and motivational tips to help you get those letters to your name.

These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. When IBM released its first large computer in 1952, it was based on the vacuum tube, which was small enough that it made it possible for businesses to buy them and led to accountants being among the first to use them. By 1959, transistors were replacing the tubes and making computers even more accessible. Since the first records were kept in America, bookkeepers have used a number of tools. William Seward Burroughs’ adding machine, created in 1887 and perfected for commercial sale in the 1890s, helped early accountants calculate receipts and quickly reconcile their books.

Beginners Guide To Accounting For Nonprofit Organizations

Accounting Learn about accounting tools, methods, regulations and best practices. Xero deepens ties to Hispanic and Latino communities; the IFRS Foundation is looking for tech-savvy accountants; and more accounting technology news from the past week.

accounting articles

The T Account is a visual representation of individual accounts in the form of a “T,” making it so that all additions and subtractions to the account can be easily tracked and represented… Accounting for Manufacturing is significant for the manufacturing business. So, follow these new accounting trends to increase your business growth. The first step to become a CPA is to get into a good school and earn a degree in accounting.

Growing A Business

Inventory Management Keep your business efficient and productive with our thorough guides to inventory management. Small Business Build a growing, resilient business by clearing the unique hurdles that small companies face.

A critical component of trust is making unbiased decisions and recommendations that benefit the client. Conflicts of interest, for example, demand exposure under independence guidelines. Benefiting from the sale of one financial product over another could lead to a bias that skews financial advice to a client. In the accounting profession, many organizations publish their own ethical guidelines.

accounting articles

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company’s operations, financial position, and cash flows. It may be handled by a bookkeeper or an accountant at a small firm, or by sizable finance departments with dozens of employees at larger companies. The reports generated by various streams of accounting, such as cost accounting and managerial accounting, are invaluable in helping management make informed business decisions. In addition, financial statements disclose details concerning economic resources and the claims to those resources.


An analyst in 2010 is using the Bhopal catastrophe to illustrate proposed new accounting for contingency losses. It was February 16, 2005 and Edgar James, from Merrill Lynch, one of the leading investment banks, was reviewing the file regarding the leveraged buyout… The case tells the story of the rise and fall of Scott Tucker, an entrepreneur, businessman, passionate race car driver, competitor, and owner of a professional… Building on previous research, this note examines the results of a study of firms on the Fortune 1000 list from 1996 to 2004. The Structured Query Language comprises several different data types that allow it to store different types of information… Excel Shortcuts PC Mac List of Excel Shortcuts Excel shortcuts – It may seem slower at first if you’re used to the mouse, but it’s worth the investment to take the time and… Looking for an easier and more efficient alternative to your tax preparation workload?

Later, accounting ledgers were completed by hand and used either a single- or double-entry system. The Financial Accounting Standards Board issued an update designed to further align its derivatives and hedging standard with risk management strategies employed by organizations. Technology giant Baidu is the latest high-profile Chinese company to be warned by the Securities and Exchange Commission of potential delisting under the Holding Foreign Companies Accountable Act. There are 10 critical issues that U.S. companies are struggling with as they prepare for ASC 842. For top executives, managerial experience at an auditing firm is not necessarily a virtue, especially among those who are highly paid, a study finds. A small manufacturer of camping gear is considering a new product that would expand its market.

In quarterly earnings calls with investors and analysts, some retail managers may underplay how their companies are actually performing, according to recent research by Kenneth Froot and colleagues.Open for comment; 0 Comments. The European Union recently hit Apple with a $14.5 billion tax bill, but that’s hardly the first or worst financial challenge the technology giant has faced. Mihir Desai explains the financial wiring behind the inventors of the iPhone.Open for comment; 0 Comments. Our editors will review what you’ve submitted and determine whether to revise the article. Blatant fraud, theft and corruption may make better movies and front-page news stories, but accountants’ daily work involves much more subtle ethical situations. Decision-making doesn’t always come down to “yes” or “no.” The fine line between the two is subject to interpretation and will make up the bulk of the encounters that an accountant faces during his or her career.

Why Good Accountants Do Bad Audits

Taylor & Francis requires you to delay making an Accepted Manuscript version of your article available if you are not publishing Open Access. Green bonds are used for environmentally friendly purposes like renewable energy. Complementing previous research, this paper explores the US corporate and municipal green bond and shows that a subset of investors is willing to give up some return to hold green bonds. This quick guide walks you through the process of adding the Journal of Accountancy as a favorite news source in the News app from Apple. Upon its enactment in March, the American Rescue Plan Act introduced many new tax changes, some of which retroactively affected 2020 returns. Making the right moves now can help you mitigate any surprises heading into 2022.