Accounting homework help
Accounting homework help-Order Correct Accounting Answers
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Many accounting students find the subject complex. Some find it boring, too hard to understand and tedious.
You are always bombarded with long calculations and new concepts in class.
The subject has created the most casualties when it comes to completing the course.
According to research, two out of five students consider accounting as the worst subject that they have ever studied.
In many colleges and universities, less than 60 percent of students obtain grade C and above.
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Below are some of broad topics or fields in accounting:
Financial accounting refers to the arm of accounting that is responsible for the recording, summarizing, analyzing and reporting of the financial transactions of a given entity.
The chief objective of financial analysis is the preparation of the financial statements, which include: balance sheet, income statement, cash flow statement, and the statement of changes in equity.
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Managerial accounting is a process of identifying measuring, analyzing, interpreting and communicating information for internal use only.
The major difference between the managerial and financial accounting is that managerial accounting is prepared for the management’s use only.Should you require help in this accounting area, kindly contact us.
Managerial accounting is often confused with cost accounting. There is a slight difference between cost accounting and managerial accounting.
Cost Accounting is a branch of managerial accounting that deals with the collection, recording, classification, analysis, and summarizing of costs of production for the purpose of cost control and evaluation of alternatives.
It enables the management to make operational, tactical as well as strategic decisions to ensure cost efficiency.
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Accounting Systems and Controls
This unit introduces students to the internal control systems of an entity that ensures compliance with the accounting policies and procedures, proper usage of the entity’s assets as well as preparation of reliable and timely financial reports.
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Auditing and Assurance
In this course, students are meant to familiarize with the review services that are provided by Certified Accountants. It is quite a broad field of accounting, but more likable to some students as compared to the other accounting fields because it involves few or no calculations.
However, it is voluminous and requires one to study a lot to master all the content.
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