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Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing, and reporting these transactions to oversight agencies and tax collection entities.

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25 Amazingly Useful Websites for Accounting Students

Studying accountancy can get tough. However, with the advent of technology, more resources are becoming increasingly easy to reach. From blogs on accounting to accountancy learning resources, the Internet is packed with useful websites for accounting students. Take a look at the following list:

• AccountingCoach

Since 2003, AccountingCoach has been answering accounting-related questions. Over 90,000 people follow this site by Harold Averkamp. Check out blog.accountingcoach.com.

• Accountingfly

Accounting students who want to get a step up by gaining work experience can benefit from Accountingfly. Undergraduates can choose from a wide array of internship and entry-level jobs. Accountingfly can be found at accountingfly.com.

• Nicholas J. Pennewell, CPA-Where Every Penny Matters

Maintained by a certified public accountant, this blog is a regularly updated resource for tax regulations, something that students in the field may greatly appreciate. The blog can be found here: tampabaycpa.blogspot.com.

• Accounting.com

The one-stop accounting resource for students, accounting.com covers most of what a budding accountant would need. The website has several features including job listings, career advice, scholarship application forms, and educational resources.

• CPA Technology Blog

This is another blog owned by a CPA, but this one focuses on the technological aspect of accountancy. It has reviews on different software and devices used in the field. Check it out here: blog.bftcpa.com.

• The Accounting Onion

Another CPA, Dr. Tom Selling, has written a blog, but again its focus is different. Instead of the technical or tax aspect of accountancy, The Accounting Onion zooms into financial issues and the so-called “Big Four” accounting firms. This is located at accountingonion.com

• South African Institution of Chartered Accountants (SAICA)

If you don’t know what a chartered accountant is, you’ll find out from SAICA. You will also find out about the requirements and the process of becoming one. Aside from that, SAICA provides study tips and updates for accounting students. Find SAICA at saica.co.za.

While misscpa.com is primarily targeted towards those who want to learn accountancy for free even without an official course, actual accountancy students can still greatly benefit from missCPA’s broad range of topics from basics to finance.

• Learn Accounting for Free

Again, learnaccountingforfree.com is designed for non-accountants, but accountancy students can still use its educational videos to get ahead of their lessons.

• Don’t Mess with Taxes

Kay Bell’s blog discusses the confusing world of taxes. Both accounting students and professionals can find useful tips on everything about taxes. Go to dontmesswithtaxes.typepad.com to check out the latest updates on your tax system.

• Accounting Student Network

Tailored specifically for accounting students, the Accounting Student Network has everything from study resources to personal mentoring and even all the way to employment advice. Take a peek at accountingstudentnetwork.co.uk.

• Accounting-Simplified

This website promotes their collection of more than 200 study resources above all else. Its user-friendly format can benefit both students and professionals. Find it at accounting-simplified.com.

AQA caters to more than just accounting students. Its study resources on accounting are comprehensive and paired with helpful personal support. AQA is located at aqa.org.uk.

• Start Here Go Places

Funded by AICPA, the world’s largest accounting association, startheregoplaces.com offers free accounting resources for both high school teachers and students.

• This Way to CPA

The sister site of Start Here Go Places, This Way to CPA is targeted towards college students. It has study resources, career advice, and a guide to the CPA examination. Its link is thiswaytocpa.com

• Khan Academy

This website offers a wide array of subjects from Art to World History and an accounting student can broaden his knowledge by checking out the resources on Accounting, Finance, and even Economics.

• Principles of Accounting

Those who wish to learn financial and managerial accounting can find a lot of information and resources at principlesofaccounting.com.

• Accounting-World

Accounting-world.com offers all you need to know about accounting, including laws, regulations, formulas, and money tables. After studying, you can test your knowledge using an on-site examination.

• Simple Studies

Bookkeeping is one of the many jobs an accountant has to do, and simplestudies.com gives accounting students an in-depth view of the process and its necessary terms.

Going to course.org/course/accounting leads you to a 10-week financial accounting course by Brian J. Bushee from the Wharton School of Business. Interactive lessons paired with informative videos make up the bulk of the course. Like a real school, Coursera also has homework and tests.

• AccountingInfo

Accountinginfo.com features an exhaustive list of study guides for people who are non-accountants, professional accountants, or the students who are in between.

• Accounting Study Guide

The Accounting Study Guide, found at accountingstudyguide.com, covers everything from basics of accounting to advice about accounting careers.

• Course Hero

Course Hero offers study guides on many other courses and its resources on accounting are just as thorough as other course resources. Featuring essays, lecture slides, lesson plans, and exam preparation, coursehero.com knows how to prepare an accounting student for any academic challenge.

• Rescue Time

Accountants work on strict schedules and any college student training to become one should hone his time management skills as early as possible. Rescuetime.com compels accounting students to focus by highlighting how much time they’ve spent on a certain activity. Potentially distracting websites like Facebook and Twitter can also be temporarily blocked using Rescue Time.

Another time management tool, backpackit.com is a helpful tool for accounting students to schedule their studies effectively.

These are just 25 websites available to accounting students. There are hundreds more, but whatever the student chooses for his academic arsenal, his success lies in his own determination and perseverance.

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Course Resources

Assignments.

The assignments in this course are openly licensed, and are available as-is, or can be modified to suit your students’ needs. Answer keys are available to faculty who adopt Lumen Learning courses with paid support. This approach helps us protect the academic integrity of these materials by ensuring they are shared only with authorized and institution-affiliated faculty and staff.

If you import this course into your learning management system (Blackboard, Canvas, etc.), the assignments will automatically be loaded into the assignment tool.

You can view them below or throughout the course.

• Module 0: Personal Accounting— Assignment: Creating a Budget
• Module 1: The Role of Accounting in Business— Assignment: Lopez Consulting
• Module 2: Accounting Principles— Assignment: Accounting Principles
• Module 3: Recording Business Transactions— Assignment: Recording Business Transactions
• Module 4: Completing the Accounting Cycle— Assignment: Completing the Accounting Cycle
• Module 5: Accounting for Cash— Assignment: Accounting for Cash
• Module 6: Receivables and Revenue— Assignment: Manilow Aging Analysis
• Module 7: Merchandising Operations— Assignment: Merchandising Operations
• Module 8: Inventory Valuation Methods— Assignment: Inventory Valuation Methods
• Module 9: Property, Plant, and Equipment— Assignment: Property, Plant, and Equipment
• Module 10: Other Assets— Assignment: Other Current and Noncurrent Assets
• Module 11: Current Liabilities— Assignment: Calculating Payroll at Kipley Co
• Module 12: Non-Current Liabilities— Assignment: Non-Current Liabilities
• Module 13: Accounting for Corporations— Assignment: Collins Mfg Stockholders’ Equity
• Module 14: Statement of Cash Flows— Assignment: Kachina Sports Company Cash Flows
• Module 15: Financial Statement Analysis— Assignment: Coca Cola FSA

Discussions

The following discussion assignments will also be preloaded (into the discussion-board tool) in your learning management system if you import the course. They can be used as is, modified, or removed. You can view them below or throughout the course.

• Module 0: Personal Accounting— Discussion: Winning the Lottery
• Module 1: The Role of Accounting in Business— Discussion: The Crafty Coffee Crook
• Module 2: Accounting Principles— Discussion: SoftSheets
• Module 3: Recording Business Transactions— Discussion: Baker’s Breakfast Bars
• Module 4: Completing the Accounting Cycle— Discussion: Closing the Books in QuickBooks
• Module 5: Accounting for Cash— Discussion: Counter Culture Cafe
• Module 6: Receivables and Revenue— Discussion: Maximizing Revenue
• Module 7: Merchandising Operations— Discussion: Inventory Controls
• Module 8: Inventory Valuation Methods— Discussion: LIFO, FIFO, Specific Identification, and Weighted Average
• Module 9: Property, Plant, and Equipment— Discussion: Cooking the Books
• Module 10: Other Assets— Discussion: Other Assets
• Module 11: Current Liabilities— Discussion: Current Liabilities
• Module 12: Non-Current Liabilities— Discussion: Off-Balance Sheet Financing
• Module 13: Accounting for Corporations— Discussion: Home Depot
• Module 14: Statement of Cash Flows— Discussion: Facebook, Inc.
• Module 15: Financial Statement Analysis— Discussion: Financial Statement Analysis

Alternative Excel-Based Assignments

For Modules 3–15, additional excel-based assignments are available below.

Module 3: Recording Business Transactions

• Module 3 Excel Assignment A
• Module 3 Excel Assignment B

Module 4: The Accounting Cycle

• Module 4 Excel Assignment A
• Module 4 Excel Assignment B
• Module 4 Excel Assignment C
• Module 4 Excel Assignment D

Module 5: Accounting for Cash

• Module 5 Excel Assignment

Module 6: Receivables and Revenue

• Module 6 Excel Assignment A
• Module 6 Excel Assignment B

Module 7: Merchandising Operations

• Module 7 Excel Assignment

Module 8: Inventory Valuation Methods

• Module 8 Excel Assignment A
• Module 8 Excel Assignment B
• Module 8 Excel Assignment C

Module 9: Property, Plant, and Equipment

• Module 9 Excel Assignment A
• Module 9 Excel Assignment B

Module 10: Other Assets

• Module 10 Excel Assignment

Module 11: Current Liabilities

• Module 11 Excel Assignment

Module 12: Non-Current Liabilities

• Module 12 Excel Assignment A
• Module 12 Excel Assignment B

Module 13: Accounting for Corporations

• Module 13 Excel Assignment A
• Module 13 Excel Assignment B
• Module 13 Excel Assignment C

Module 14: Statement of Cash Flows

• Module 14 Excel Assignment A
• Module 14 Excel Assignment B

Module 15: Financial Statement Analysis

• Module 15 Excel Assignment

Review Problems

There are also three unit review assignments and a final review. These reviews include a document which sets up the problems and an excel worksheet.

Unit 1 Review Problem (After Module 6)

• Review Problem Document

Unit 2 Review Problem (After Module 8)

Unit 3 review problem (after module 9), final review (after module 15).

• Assignments. Authored by : Cindy Moore and Joe Cooke. Provided by : Lumen Learning. License : CC BY: Attribution

Choose Your Test

Sat / act prep online guides and tips, the 5 best homework help websites (free and paid).

Other High School , General Education

Listen: we know homework isn’t fun, but it is a good way to reinforce the ideas and concepts you’ve learned in class. But what if you’re really struggling with your homework assignments?

If you’ve looked online for a little extra help with your take-home assignments, you’ve probably stumbled across websites claiming to provide the homework help and answers students need to succeed . But can homework help sites really make a difference? And if so, which are the best homework help websites you can use? 

Below, we answer these questions and more about homework help websites–free and paid. We’ll go over: 

• The basics of homework help websites
• The cost of homework help websites 
• The five best homework websites out there 
• The pros and cons of using these websites for homework help 
• The line between “learning” and “cheating” when using online homework help 
• Tips for getting the most out of a homework help website

So let’s get started! 

The Basics About Homework Help Websites–Free and Paid

Homework help websites are designed to help you complete your homework assignments, plain and simple. 

What Makes a Homework Help Site Worth Using

Most of the best sites allow users to ask questions and then provide an answer (or multiple possible answers) and explanation in seconds. In some instances, you can even send a photo of a particular assignment or problem instead of typing the whole thing out! 

Homework help sites also offer more than just help answering homework questions. Common services provided are Q&A with experts, educational videos, lectures, practice tests and quizzes, learning modules, math solving tools, and proofreading help. Homework help sites can also provide textbook solutions (i.e. answers to problems in tons of different textbooks your school might be using), one-on-one tutoring, and peer-to-peer platforms that allow you to discuss subjects you’re learning about with your fellow students. 

And best of all, nearly all of them offer their services 24/7, including tutoring! 

What You Should Should Look Out For

When it comes to homework help, there are lots–and we mean lots –of scam sites out there willing to prey on desperate students. Before you sign up for any service, make sure you read reviews to ensure you’re working with a legitimate company. 

A word to the wise: the more a company advertises help that veers into the territory of cheating, the more likely it is to be a scam. The best homework help websites are going to help you learn the concepts you’ll need to successfully complete your homework on your own. (We’ll go over the difference between “homework help” and “cheating” a little later!) 

You don't need a golden piggy bank to use homework help websites. Some provide low or no cost help for students like you!

How Expensive Are the Best Homework Help Websites?

First of all, just because a homework help site costs money doesn’t mean it’s a good service. Likewise, just because a homework help website is free doesn’t mean the help isn’t high quality. To find the best websites, you have to take a close look at the quality and types of information they provide! 

When it comes to paid homework help services, the prices vary pretty widely depending on the amount of services you want to subscribe to. Subscriptions can cost anywhere from $2 to $150 dollars per month, with the most expensive services offering several hours of one-on-one tutoring with a subject expert per month.

The 5 Best Homework Help Websites 

So, what is the best homework help website you can use? The answer is that it depends on what you need help with. 

The best homework help websites are the ones that are reliable and help you learn the material. They don’t just provide answers to homework questions–they actually help you learn the material. 

That’s why we’ve broken down our favorite websites into categories based on who they’re best for . For instance, the best website for people struggling with math might not work for someone who needs a little extra help with science, and vice versa. 

Keep reading to find the best homework help website for you! 

Best Free Homework Help Site: Khan Academy

• Price: Free!
• Best for: Practicing tough material 

Not only is Khan Academy free, but it’s full of information and can be personalized to suit your needs. When you set up your account , you choose which courses you need to study, and Khan Academy sets up a personal dashboard of instructional videos, practice exercises, and quizzes –with both correct and incorrect answer explanations–so you can learn at your own pace. 

As an added bonus, it covers more course topics than many other homework help sites, including several AP classes.

Runner Up: Brainly.com offers a free service that allows you to type in questions and get answers and explanations from experts. The downside is that you’re limited to two answers per question and have to watch ads. 

Best Paid Homework Help Site: Chegg

• Price: $14.95 to $19.95 per month
• Best for: 24/7 homework assistance  

This service has three main parts . The first is Chegg Study, which includes textbook solutions, Q&A with subject experts, flashcards, video explanations, a math solver, and writing help. The resources are thorough, and reviewers state that Chegg answers homework questions quickly and accurately no matter when you submit them.  

Chegg also offers textbook rentals for students who need access to textbooks outside of their classroom. Finally, Chegg offers Internship and Career Advice for students who are preparing to graduate and may need a little extra help with the transition out of high school. 

Another great feature Chegg provides is a selection of free articles geared towards helping with general life skills, like coping with stress and saving money. Chegg’s learning modules are comprehensive, and they feature solutions to the problems in tons of different textbooks in a wide variety of subjects. 

Runner Up: Bartleby offers basically the same services as Chegg for $14.99 per month. The reason it didn’t rank as the best is based on customer reviews that say user questions aren’t answered quite as quickly on this site as on Chegg. Otherwise, this is also a solid choice!

Best Site for Math Homework Help: Photomath

• Price: Free (or $59.99 per year for premium services) 
• Best for: Explaining solutions to math problems

This site allows you to t ake a picture of a math problem, and instantly pulls up a step-by-step solution, as well as a detailed explanation of the concept. Photomath also includes animated videos that break down mathematical concepts to help you better understand and remember them. 

The basic service is free, but for an additional fee you can get extra study tools and learn additional strategies for solving common math problems.

Runner Up: KhanAcademy offers in-depth tutorials that cover complex math topics for free, but you won’t get the same tailored help (and answers!) that Photomath offers. 

Best Site for English Homework Help: Princeton Review Academic Tutoring

• Price: $40 to $153 per month, depending on how many hours of tutoring you want 
• Best for: Comprehensive and personalized reading and writing help 

While sites like Grammarly and Sparknotes help you by either proofreading what you write via an algorithm or providing book summaries, Princeton Review’s tutors provide in-depth help with vocabulary, literature, essay writing and development, proofreading, and reading comprehension. And unlike other services, you’ll have the chance to work with a real person to get help. 

The best part is that you can get on-demand English (and ESL) tutoring from experts 24/7. That means you can get help whenever you need it, even if you’re pulling an all-nighter! 

This is by far the most expensive homework site on this list, so you’ll need to really think about what you need out of a homework help website before you commit. One added benefit is that the subscription covers over 80 other subjects, including AP classes, which can make it a good value if you need lots of help!  

Best Site for STEM Homework Help: Studypool

• Best for: Science homework help
• Price: Varies; you’ll pay for each question you submit

When it comes to science homework help, there aren’t a ton of great resources out there. The best of the bunch is Studypool, and while it has great reviews, there are some downsides as well. 

Let’s start with the good stuff. Studypool offers an interesting twist on the homework help formula. After you create a free account, you can submit your homework help questions, and tutors will submit bids to answer your questions. You’ll be able to select the tutor–and price point–that works for you, then you’ll pay to have your homework question answered. You can also pay a small fee to access notes, lectures, and other documents that top tutors have uploaded. 

The downside to Studypool is that the pricing is not transparent . There’s no way to plan for how much your homework help will cost, especially if you have lots of questions! Additionally, it’s not clear how tutors are selected, so you’ll need to be cautious when you choose who you’d like to answer your homework questions.  

What Are the Pros and Cons of Using Homework Help Sites?

Homework help websites can be a great resource if you’re struggling in a subject, or even if you just want to make sure that you’re really learning and understanding topics and ideas that you’re interested in. But, there are some possible drawbacks if you don’t use these sites responsibly. 

We’ll go over the good–and the not-so-good–aspects of getting online homework help below. 

3 Pros of Using Homework Help Websites 

First, let’s take a look at the benefits. 

#1: Better Grades Beyond Homework

This is a big one! Getting outside help with your studies can improve your understanding of concepts that you’re learning, which translates into better grades when you take tests or write essays. 

Remember: homework is designed to help reinforce the concepts you learned in class. If you just get easy answers without learning the material behind the problems, you may not have the tools you need to be successful on your class exams…or even standardized tests you’ll need to take for college. 

#2: Convenience

One of the main reasons that online homework help is appealing is because it’s flexible and convenient. You don’t have to go to a specific tutoring center while they’re open or stay after school to speak with your teacher. Instead, you can access helpful resources wherever you can access the internet, whenever you need them.

This is especially true if you tend to study at off hours because of your extracurriculars, work schedule, or family obligations. Sites that offer 24/7 tutoring can give you the extra help you need if you can’t access the free resources that are available at your school. 

#3: Variety

Not everyone learns the same way. Maybe you’re more of a visual learner, but your teacher mostly does lectures. Or maybe you learn best by listening and taking notes, but you’re expected to learn something just from reading the textbook . 

One of the best things about online homework help is that it comes in a variety of forms. The best homework help sites offer resources for all types of learners, including videos, practice activities, and even one-on-one discussions with real-life experts. 

This variety can also be a good thing if you just don’t really resonate with the way a concept is being explained (looking at you, math textbooks!).

Not so fast. There are cons to homework help websites, too. Get to know them below!

3 Cons of Using Homework Help Websites 

Now, let’s take a look at the drawbacks of online homework help. 

#1: Unreliable Info

This can be a real problem. In addition to all the really good homework help sites, there are a whole lot of disreputable or unreliable sites out there. The fact of the matter is that some homework help sites don’t necessarily hire people who are experts in the subjects they’re talking about. In those cases, you may not be getting the accurate, up-to-date, and thorough information you need.

Additionally, even the great sites may not be able to answer all of your homework questions. This is especially true if the site uses an algorithm or chatbot to help students…or if you’re enrolled in an advanced or college-level course. In these cases, working with your teacher or school-provided tutors are probably your best option. 

#2: No Clarification

This depends on the service you use, of course. But the majority of them provide free or low-cost help through pre-recorded videos. Watching videos or reading info online can definitely help you with your homework… but you can’t ask questions or get immediate feedback if you need it .

#3: Potential For Scamming 

Like we mentioned earlier, there are a lot of homework help websites out there, and lots of them are scams. The review comments we read covered everything from outdated or wrong information, to misleading claims about the help provided, to not allowing people to cancel their service after signing up. 

No matter which site you choose to use, make sure you research and read reviews before you sign up–especially if it’s a paid service! 

When Does “Help” Become “Cheating”?

Admittedly, whether using homework help websites constitutes cheating is a bit of a grey area. For instance, is it “help” when a friend reads your essay for history class and corrects your grammar, or is it “cheating”? The truth is, not everyone agrees on when “help” crosses the line into “cheating .” When in doubt, it can be a good idea to check with your teacher to see what they think about a particular type of help you want to get. 

That said, a general rule of thumb to keep in mind is to make sure that the assignment you turn in for credit is authentically yours . It needs to demonstrate your own thoughts and your own current abilities. Remember: the point of every homework assignment is to 1) help you learn something, and 2) show what you’ve learned. 

So if a service answers questions or writes essays for you, there’s a good chance using it constitutes cheating. 

Here’s an example that might help clarify the difference for you. Brainstorming essay ideas with others or looking online for inspiration is “help” as long as you write the essay yourself. Having someone read it and give you feedback about what you need to change is also help, provided you’re the one that makes the changes later. 

But copying all or part of an essay you find online or having someone write (or rewrite) the whole thing for you would be “cheating.” The same is true for other subjects. Ultimately, if you’re not generating your own work or your own answers, it’s probably cheating.

5 Tips for Finding the Best Homework Help Websites for You

Now that you know some of our favorite homework help websites, free and paid, you can start doing some additional research on your own to decide which services might work best for you! Here are some top tips for choosing a homework help website. 

Tip 1: Decide How You Learn Best 

Before you decide which site or sites you’re going to use for homework help, y ou should figure out what kind of learning style works for you the most. Are you a visual learner? Then choose a site that uses lots of videos to help explain concepts. If you know you learn best by actually doing tasks, choose a site that provides lots of practice exercises.

Tip 2: Determine Which Subjects You Need Help With

Just because a homework help site is good overall doesn’t mean that it’s equally good for every subject. If you only need help in math, choose a site that specializes in that area. But if history is where you’re struggling, a site that specializes in math won’t be much help. So make sure to choose a site that you know provides high-quality help in the areas you need it most. 

Tip 3: Decide How Much One-On-One Help You Need 

This is really about cost-effectiveness. If you learn well on your own by reading and watching videos, a free site like Khan Academy is a good choice. But if you need actual tutoring, or to be able to ask questions and get personalized answers from experts, a paid site that provides that kind of service may be a better option.

Tip 4: Set a Budget

If you decide you want to go with a paid homework help website, set a budget first . The prices for sites vary wildly, and the cost to use them can add up quick. 

Tip 5: Read the Reviews

Finally, it’s always a good idea to read actual reviews written by the people using these homework sites. You’ll learn the good, the bad, and the ugly of what the users’ experiences have been. This is especially true if you intend to subscribe to a paid service. You’ll want to make sure that users think it’s worth the price overall!

What’s Next?

If you want to get good grades on your homework, it’s a good idea to learn how to tackle it strategically. Our expert tips will help you get the most out of each assignment…and boost your grades in the process.

Doing well on homework assignments is just one part of getting good grades. We’ll teach you everything you need to know about getting great grades in high school in this article.

Of course, test grades can make or break your GPA, too. Here are 17 expert tips that’ll help you get the most out of your study prep before you take an exam.

Ashley Sufflé Robinson has a Ph.D. in 19th Century English Literature. As a content writer for PrepScholar, Ashley is passionate about giving college-bound students the in-depth information they need to get into the school of their dreams.

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How to Prepare an Accounting Assignment

Preparing an accounting assignment requires thorough and proactive thinking and a planned discipline. Accounting assignments are one of the most important evaluation tools to understand your knowledge of financial concepts. Additionally, the complexities demand strategic accounting assignment help.

In this guide, we will study effective preparation strategies by providing step-by-step guidelines for success. Students and professionals can easily understand accounting assignments by reading the requirements, researching thoroughly, and using an organised outline structure to write and read through. Follow us as we delve into the core components, such as literature review and methods, to ensure your accounting project thoroughly comprehends financial ideas that have practical implications for our discipline.

Table of Contents

Importance of Accounting Assignments

Accounting assignments play a significant role among students as they mediate between theory and practice. These tasks enable students to put accounting principles into practice in real-life situations and develop analytical problem-solving skills. Most students hire a professional accounting assignment helper to ace their projects.

Furthermore, these papers better comprehend financial concepts and equip students for professional issues. Analysing data, researching, and presenting findings improve critical thinking skills and increase communication abilities. To sum up, successful completion and mastering of accounting assignments allow the students to gain the necessary skills and confidence in working out the complexities of financial reality that play a crucial role when embarking on professional careers.

Steps to Prepare Your Assignments

These Papers require proper planning and detailed steps. Students have to give undivided attention to their papers, no matter what. With the increasing challenges of accounting, students are bound to seek accounting assignment help . Check the steps below to understand the steps needed to prepare an impactful assignment.

Understand the Assignment Requirements

Comprehending assignment requirements is paramount. Read guidelines carefully, paying attention to the important points such as topic, scope and format. Determine special instructions, word count limit and submission dates. This first step gives you a clear plan ahead, keeps away any deviations and ensures that your accounting assignment fits the requirements set by your instructor to a T. Moreover, with a proper understanding of the requirements, you are set to work in the right direction.

Research and Gather Information

Study your accounting assignment with thoroughness. Seek the guidance of a reliable accounting assignment helper and use reliable sources such as textbooks, academic journals and web materials. Make sure the information is recent and relevant to your subject. Record every little detail meticulously and arrange them systematically. This step aims to create an informed and complete assignment framework, offering appropriate information and insights to support your analysis and discussions effectively.

Create an Outline

Develop a structured plan for your accounting assignment. Break it down into the relevant portions, including the introduction section, literature review part, methodology chapter, findings discussion portion and finally, conclusion. Additionally, hire accounting assignments help to ensure a smooth flow of ideas, with each section coherently connected to the next one. This necessary step maximises the cohesion and readability of your assignment, as it helps you through this activity while helping you effectively convey insights from a relevant perspective.

Introduction and Background

Start your accounting assignment with an engaging introduction that briefly summarises how and why you will accomplish the purpose of this work. Write out the clear objectives and questions that your assignment aims to answer. This establishes the tone and creates interest in your assignment, detailing financial principles and concepts. Moreover, you can hire a professional accounting assignment helper for better results. Furthermore, your introduction briefly summarises your paper and summarises your knowledge and findings.

Literature Review

Perform a thorough literature review that demonstrates your knowledge of recent research and theories in the accounting field. Embed key findings from reliable sources, focusing on their relation to your assignment’s purpose. Your literature review draws from current knowledge to show your expertise. It reveals gaps that open up a way for you to make unique contributions to this assignment on accounting discourse. Additionally, you can hire a service offering online assignment help Australia for reliable sources and materials.

Methodology and Analysis

Demonstrate the methodology utilised in your account assignment by tracing data collection measures and evidence instruments. Use tables and graphs where appropriate to present findings. This section illustrates how you have approached this task, pointing out that your methodology is systematic and rigorous, allowing the reader to understand clearly your capacity for accurate data interpretation and aiding in giving substance and credibility to the accounting assignment. Besides, make sure your methodology answers all the possible questions.

Discuss your findings in the accounting assignment comprehensively. Demonstrate critical thinking by relating the results to existing literature and theoretical frameworks. Seek a professional accounting assignment help to define the limitations of your study and suggest areas for future research. This part enhances the assignment by identifying links between your analysis and better financial ideas, promoting further insight and demonstrating how you can critically assess.

Conclusion and Reference

The conclusion of your assignment summarises key points, reaffirming the importance of the findings. Do not present new information and summarise the main arguments briefly. Make sure to cite all the sources correctly according to a particular referencing style (APA, MLA, etc. A careful approach to referencing makes your accounting assignment more plagiarism-free, gives it credibility and enhances overall professionalism. Additionally, hire an accounting assignment helper if you are unsure of the citation and referencing styles.

Proofreading and Editing

Ensure that your accounting assignment is properly proofread and edited before submission. Look for advice from other peers or teachers to gain useful insights and increase clarity. This careful review provides a neat and faultless document, bringing the overall quality of your assignment higher. A well-edited submission suggests professionalism and attention to detail, meaning those who evaluate your work will see you in a positive light. Additionally, seek online assignment help in Australia for reliable editors.

In The End,

A successful accounting assignment is an elaborate process, from understanding requirements to presenting well-researched findings. By following a well-structured plan, comprehensive research, and adequate methodologies, students and professionals can address the intricacy of financial concepts. Accounting assignments are significant because they teach how to combine theoretical knowledge with practical application while increasing critical thinking and communication skills. As a result of this process, an assignment that has been correctly proofread and referenced makes genuine contributions to academia. Besides, students can always seek professional accounting assignment help to smoothen their process.

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How Do You Write an Assignment in Accounting? Expert Tips

Table of Content

Financial Accounting

Managerial accounting, cost accounting, tax accounting, know the basics of accounting, comprehend the requirements.

• Form a Theory & Outline

Practice and Discussions

Give a proper introduction, convincing thesis statement.

• Editing & Proofreading

To Conclude

Assignments in accounting can sometimes be hard to write. On account of this, the blog will provide guidance and tips on writing an accounting assignment. But before moving there, we will briefly refresh our knowledge about what's accounting.

Accounting is a process that records the financial transactions of a business and will summarise, analyse, and report them for oversight. These transactions are called the financial statements. It helps a company collect and overview a concise summary of its cash flow, debits, credits, and position over a period of time.

You will have to do various accounting assignments after you choose the degree, which can sometimes be challenging to manage. So, to ensure the quality of work and achieve good grades, you can seek college assignment help to guide you.

So, let us now understand the purpose of using accounts in businesses and companies.

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What Is the Purpose of Accounting?

Accounting plays a very significant role in the functioning of any business or industry. In most places, there are dedicated financial departments that work for it. They will generate reports to help the company make informed future decisions and work on its weaknesses. These reports will give you a basic idea of the operations of the business and its cash flows over a longer time frame. Therefore, it's playing a vital role in helping the industry know its position and what steps to take, keep, or withdraw according to its financial status.

Mentioning it all clearly and concisely can sometimes be hard for the students. Therefore, you can seek accounting assignment help to get the required support for doing it accurately.

What Are the Different Types of Accounting?

Accounting is split into various groups that record specific transactions and information. There are several of them, some of the important ones are given below. It will help you do the assignment properly by categorising and understanding them better.

Financial accounting is the process that generates the annual financial statements audited by external firms. Its result of all the transactions performed during that year in the form of balance sheets, income statements, and cash flow statements. Most companies have an annual audit by some external firms for one reason or another.

So, if you have an assignment on this topic, feel free to seek guidance from finance assignment help available online.

Managerial accounting is quite similar to financial accounting but organises the data differently. It's provided to assist with decision-making about how the business operates, on a monthly or quarterly basis. It will also include other factors such as budgeting, forecasting, and analysis of the company's transaction statements.

Cost accounting will help the business make decisions related to costs, such as management and production costs. It will help the company know the product cost and measure its overall economic performance.

So, if you have an assignment on this type of accounting, then cost accounting assignment help is available.

Tax accounting will note whether the company is following federal and government rules and help it take strategic measures to minimise its liability. The tax accountant will see the complete tax process of a company and ensure all the essential returns are filed on time.

Thus, these were some types of accounting that are commonly used in a business. Now, you will read about the major tips to guide you in writing a perfect assignment.

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8 Tips to Write an Assignment in Accounting

Every student wants to know the secret behind a perfect accounting assignment with accuracy and detail. But honestly, it's not a secret at all. That's just the magic of some ways and things that make your assignment worth a perfect grade.

Worry not! We have compiled a list of tips that will guide you to do the same. Therefore, read below to learn about those details and get the assignment help you want for completing the work.

It is the most essential thing for performing any task with perfection. You should have a grip on the topic you want to work on with frequent insights about its principle ideas. It includes knowledge about its journals, ledger accounts, consignments and others.

Have a clear understanding of what the assignment's requirements are for you. Clarify the basic standards to write with all the other necessities and details you need to include. Also, remember the funding aspect of the assignment you work on.

Form a Theory & Outline

It is easier to produce a better assignment when you have a good idea about its structure and flow. You can divert how a document will be when you know exactly how you want it to look and emphasise. Therefore, create a proper outline to present information and facts effectively in your work.

Furthermore, have an idea about its essential elements and theories with their implementation to support your assignment outline.

You should do proper research to create a mind-blowing assignment. So, when you are working on an accounts assignment then it might not look as easy. You will need a lot of practice with various levels of research while working on the paper.

Also, it is essential to include all the points logically. Your facts should be systematic and with reasoning to support your topic. Therefore, practice is necessary for writing a good discussion in your assignment.

The introduction of your assignment should receive significant attention and time. It will play a crucial part in hooking up your readers and presenting the assignment problem to them in a concise way. It will also help to showcase your content to bind their interest in knowing more about it.

It will attract your reader's attention and help you summarize the motto of your assignment. Accounting as a subject needs a solid thesis statement with a clear purpose and point of writing. Your arguments in the body of your content will also support this and try to find the solutions.

Editing & Proofreading

Proofread your work multiple times after completing and editing as per the requirements. Check if there is any spelling, grammatical, punctuation and readability error. Edit the document for any reading barrier and all the mistakes that might have missed your eyes the first time. A flawless assignment will raise your level bar in the eyes of your professor or reader.

A proper ending is a must in any assignment. Here, mention the characteristics of your whole document with the correct citations and references. Avoid including any new information here and conclude the extensive arguments and points. But if you still face any issues, seek help from academic writing services to support you in finishing the work.

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We offer professional accounting assignment help even for papers with tight deadlines. Get a well-researched, custom written paper that ticks all the boxes of your accounting assignment brief. Plus, take advantage of our flexible pricing that also guarantees timely delivery.

Introduction

Are you currently struggling with your accounting assignment and would like to get online help? You’ve come to the right place. At College Assignment Lab, we take complex accounting topics and break them into elements you can easily understand.

Our goal with accounting homework help is simple. We make it easy for you to understand your assignment by writing you a custom paper that you can use for reference to complete your homework.

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Get Help with Any Accounting Topic

Some students struggle with math because they’re not fast leaners. Others find it difficult to get accounting homework completed because of the complexity involved.

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Why You Should Outsource Your Accounting Homework to Us

Here’s why you should consider hiring College Assignment Lab to help you with your accounting assignment:

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Our team of accounting experts have years of experience and have obtained advanced degrees in accounting. They have a deep understanding of various accounting concepts such as financial accounting, cost accounting, tax accounting, auditing, and more.

With their knowledge, they can provide you with accurate and in-depth analysis of accounting problems and explain complex accounting concepts in simple terms. This will help you to gain a deeper understanding of accounting and perform well in your coursework and exams.

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Accounting assignments can be time-consuming, especially if you have multiple assignments or other commitments. By purchasing accounting homework help, you can free up your time and focus on other important tasks.

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Our team of experts take pride in delivering well-researched and accurate assignments. Also, our writers and editors review all accounting assignments multiple times to ensure they are error-free.

We use relevant accounting standards, theories, and practices to complete our assignments, ensuring that they are comprehensive and up-to-date. With our high-quality work, you can be confident that you are submitting assignments that will impress your professors and improve your grades.

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We use various resources to research and complete our assignments, which means you will have access to a wealth of information and resources if you buy an accounting paper from us.

This includes accounting textbooks, journals, databases, and other relevant sources. By having access to these resources, you can further your understanding of accounting concepts and be better equipped to succeed in their coursework and exams.

7 Confidentiality

We understand that students may have concerns about confidentiality, which is why we guarantee that all personal information and assignment details will be strictly confidential. We use secure payment methods and data encryption to protect our clients’ information. Additionally, we do not share our clients’ information with any third parties. With our commitment to confidentiality, you can get our accounting assignment help without worrying about the safety of your personal information.

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Accounting Skills Every Person Should Know

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Managing personal finances is a crucial practice that we should master. It’s necessary for handling daily transactions and securing better financial stability through planning and decision-making.

To effectively manage your finances , you must possess numerous accounting skills that will enable you to navigate through your payments and investments wisely. If you don’t know what they are, read this guide below. We will enumerate all the skills you must master to handle your finances better.

Basic Bookkeeping

Bookkeeping is a standard accounting practice that systematically records and organizes all individual, household, or business transactions.

It’s a fundamental accounting skill that provides a clear picture of your financial activity, allowing you to monitor income, track expenses, and manage cash flow effectively. It’s also a crucial practice to help you simplify your tax filing process. Doing so will help you claim deductions seamlessly and avoid penalties for inaccuracies.

One of the most important ways to be effective at bookkeeping is to record all financial transactions daily. It could be as simple as keeping receipts and logging them into a spreadsheet or a financial tracking app.

You must also always be organized. Keep all your financial documents in one file or app, like bills, receipts, and bank statements. Additionally, it would help to be consistent with how you record your transactions. Decide on a specific method for logging different types of transactions and stick with it.

Finally, always ensure your data is secure, whether you keep digital records or physical logbooks. Use robust passwords or lock your drawers. These security measures will help protect such sensitive information from theft or loss.

Proper Budgeting

Creating a realistic budget can be challenging, but it’s a necessary skill to manage your finances effectively. A budget acts as a financial roadmap that will guide you on how much you can spend, save, and allocate without overspending.

Before setting your budget, you must track your income and expenses first. List all your sources, like salaries, bonuses, and any passive income. Then, you must categorize your expenses into recurring and miscellaneous. This step will help you determine which costs you must prioritize so you can adjust your budget accordingly.

Once you have a clear picture of your income and expenses, you can set a budget using the 50/30/20 rule . The budgeting practice is where 50 percent of your income goes to your necessities, 30 percent to your miscellaneous expenses, and 20 percent to your savings or debt repayment. This technique will help keep you organized and stay within your goal.

Meanwhile, using a budgeting app is an excellent alternative or support to the 50/30/20 rule. Many reliable options are available today that you can download on your mobile devices, offering numerous services that significantly boost your finance management. Often, they provide budget creation, expense tracking, bill payment reminders, goal setting, and financial reports.

When setting a budget, it’s vital that you also consider various financial opportunities to optimize your plan further. These opportunities will be helpful to extend your budget and enhance your ability to save or invest. These include discounts and coupons, savings or checking account promotions , and cash back or rewards programs.

Financial Forecasting

Forecasting is where you analyze various patterns to predict future needs and challenges. This is a valuable skill that can help you effectively identify investment opportunities and prepare for savings like retirement and emergency funds. It can also enhance your risk management skills by knowing potential issues before they happen.

This skill involves studying and understanding numerous factors for an accurate forecast, including historical data, income sources, spending habits, and investment returns. Mastering it will help you gain insights from such factors and use it to boost your financial planning.

The key to effective forecasting is compiling and understanding your financial data from the past few years.

Look for consistent trends and patterns, from income increases to seasonal expenses, and determine what they mean for your future financial health. Identify how they will impact your finances in the coming years. You must also consider external influences like economic changes and inflation rates.

Navigating Financial Statements

Understanding your financial statements is essential to better take charge of your finances. These documents provide a formal copy of your financial activities and current standing. Gathering information from these records can help you make more informed decisions, plan for the future, and accurately communicate your financial health to potential lenders or investors.

There are three types of financial statements you must constantly monitor: balance sheet, income statement, and cash flow statement. Knowing how to read them will help you create better budgets and forecasts.

Debt Management

Debt is often perceived negatively. However, it’s essential to know that not all debt can harm your financial health. There are “good debts” and “bad debts;” understanding the difference between the two will help you make smarter borrowing decisions.

Good debt is characterized by its ability to generate value over time. Getting one can enhance your net worth or credit score to make you more qualified for financial opportunities with better terms. Some of the best examples of this are mortgages, investment loans, and business loans.

Meanwhile, bad debts are those that can’t be collected. It involves borrowing money to invest in depreciating assets or consumption with no significant return. Some of the common examples of this are credit card debt, expensive car loans, and payday loans.

Often, these debts have high interest rates that increase the total amount owed and are used to purchase non-essential items. When left unaddressed, they can lead to debt traps.

Understanding the difference between the two will help you determine which debts to take on or prioritize for repayment. It can also help you decide which ones to avoid and use.

Personal Audits

Finally, conducting regular audits is crucial to ensure optimal financial health. Auditing is a necessary skill you must master to help you identify any inefficiencies or areas of improvement, particularly with how you handle your finances.

Schedule recurring audits and review all your financial records and activities. Doing so will help you learn about consistent patterns or changes impacting your financial health. Taking advantage of the insights you gain from these reviews can help you further optimize your management strategies and secure your financial health.

Regular audits are also vital to help you detect any inconsistencies that could affect your tax filings. Because of that, you can address any issues early and avoid penalties when tax season comes.

Secure Your Financial Health with the Right Skills

Managing your finances takes a lot of effort to ensure that you’re making the right decisions. The skills above will help you optimize your financial plans significantly, allowing you to allocate budgets effectively while saving for the future.

About the Author

Ivan Serrano: I have been a technology and business writer since 2015 working with companies like SmallBizClub, StartupNation, Namecheap and Time Doctor. I have loved writing my whole life and being in business development has given me a unique perspective. I'm obsessed with our constantly evolving fast-paced society and finding new ways to integrate that into amazing content that teaches the readers something new.

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Table of Contents

Accounting assignment helper.

Are you looking for guidance and assistance with your accounting assignment helper? You’ve come to the right place! This article will provide an overview of the various options available for those needing help with their accounting assignment. From online tutors and professionals to books, websites, and more, this article provides resources that can provide the necessary support to complete any accounting assignment. Whether your assignment is introductory or more advanced in nature, there are several tools and services available to help you succeed.

Help! I Need An Accounting Assignment Helper!

Are you trying to figure out how you’re going to get through your accounting class? If you’re at this point in your studies, chances are that you need some help, and if you’re like most students, you don’t want to ask any of your friends or classmates because they might steal the answers from you. Luckily, there are all sorts of services out there that can help with accounting homework and assignments! Here are some great options to try out.

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No matter how complex your assignment is, an Accounting Assignment Helper can provide the assistance you need. From basic bookkeeping questions to more complex financial accounting problems, these experts have the knowledge and experience to help you out. 

An Accounting Assignment Helper can answer any of your questions about the subject matter. Whether you’re stuck on a particular concept or just need help figuring out where to start, they’ll be able to give you clear advice and guidance. They’ll also help you understand the underlying principles of accounting so you can solve the problem yourself. 

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In addition to providing expert advice, an Accounting Assignment Helper can also provide customized solutions to fit your individual needs. That means they can offer helpful resources, practice tests, or other materials tailored to your specific situation. You’ll get the tools you need to succeed in your accounting course and have a better chance at getting a good grade. 

So if you’re struggling with your accounting assignment, don’t hesitate to reach out to an Accounting Assignment Helper. With their knowledge and expertise, they’ll be able to help you understand the concepts and solve the problems at hand.

Are you looking for an Accounting Assignment Helper? If so, you’ve come to the right place! We are a team of experienced professionals who specialize in providing top-notch accounting assignment help. We know what it takes to get the job done right and can help you ace your accounting assignments. Our team consists of expert writers and accountants with years of experience in the accounting field. 

We offer accounting assignment help that is tailored to meet your individual needs. Whether you’re looking for help with complex financial statements, detailed budgeting plans, or even just advice on how to approach an assignment, we can provide the assistance you need. Our team of experts is available 24/7 to answer any questions or concerns you may have. We understand the importance of deadlines, and we’ll make sure your accounting assignments are completed on time and according to your specifications. 

Our commitment to our customers is second to none. We understand how difficult and stressful it can be to tackle accounting assignments and want to do whatever we can to make it easier for you. With our Accounting Assignment Helper service, you can rest assured that you’ll receive the best possible assistance available. So don’t wait – let us help you with all your accounting assignment needs today!

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Once the plan is in place, our Accounting Assignment Helper gets to work. We use our expertise in accounting principles and practices to help you solve complex accounting problems. Our experts are well versed in financial statements, ledgers, balance sheets, and more. They can also provide guidance on techniques and strategies for handling challenging accounting assignments. 

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Our website offers a wide range of services to meet the needs of all students. Our team of experts provides comprehensive guidance on topics such as financial accounting, cost accounting, and managerial accounting. We offer a variety of materials such as sample papers, study guides, and practice quizzes to help students master the material. We also offer one-on-one tutoring sessions and custom solutions tailored to each individual’s academic needs.

Whether you are just beginning to learn about accounting or have been taking classes for some time, Accounting Assignment Helper is here to help you succeed. Our experienced staff is dedicated to helping you reach your goals by providing the resources and assistance you need. So don’t wait any longer – contact us today and let us be your Accounting Assignment Helper!

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Accounting Assignment Help

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While the focus of financial accounting is external users, management accounting involves the preparation and analysis of information within the organization. This branch of accounting involves budgeting and forecasting, designing and evaluating business processes, analyzing and monitoring internal controls, and implementing accounting information to help a business gain an economic value. If you are scoring poor grades in management accounting contact our online management accounting tutors for quality solutions. Our award-winning management account assignment help experts will deliver the right solutions that will guarantee you a top grade.

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5.3: Assignment- Managerial Accounting in Business

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For this assignment, you will download and complete the following worksheet:

• Assignment: Managerial Accounting in Business (.docx)

You are the product line manager for a snow board manufacturing company based in Provo, Utah. As product line manager for the company’s Xtreme line, you are ultimately responsible for all aspects of production as well as the profitability of the line. You have direct authority over the production, marketing and sales of the company’s Xtreme line of snowboards. The first quarter sales figures are in and you see that sales are down and in several key markets you no longer hold the #1 position. You are concerned that when you attend the quarterly management meeting that this poor performance is going to be a topic of much discussion. Several months ago, you received information from an overseas manufacturer that can manufacture the bindings for the snow board at a fraction of your current cost to produce them in-house. This will lower the cost to produce the Xtreme line allowing the company to increase their margin, lower prices to customers or some combination of both. Consequently, you believe it is now time to revisit that correspondence and start putting together a plan to address the lackluster Q1 earnings report.

• What qualitative and quantitative factors will you have to consider before recommending that the company outsource the production of the binding component of the Xtreme snow boards?
• Is the information you need financial or managerial in nature?
• How will you use the accounting information in evaluating the decision?
• Identify any potential risks associated with making this decision and how those risks can be addressed.

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Accounting can be termed as a business language. In technical terms, Accounting is the processing of financial information about the organization. Everybody is aware of the importance of accounting for business.  Accounting homework provide a vital insight into the economic activities taking place in an organization. You might have opted for accounting considering the opportunities it offers in term of a good career, however completing an accounting degree is difficult without working hard or hiring and accounting assignment helper . Know how online assignment help from us makes your academic life at college easier. 

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It is the branch of accounting that deals with the preparation of the financial statements. These statements are handy in making decisions, but what is financial accounting and why is it one integral part of accounting assignments you get in college. You can take our online help with accounting and excel at your coursework. Find out what are the uses of financial accounting.

• People outside the organization use financial reports to determine the health of the company. In short, financial accountancy summarizes the financial data taken from the accounting records and published in the form of annual reports. 
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It is one of the important areas of accounting. Managerial accounting gives an idea about the internals of the organization. Hence, you need to learn concepts of managerial accounting and do your college homework to create an opportunity to get a great job after university degree. Find out the use of managerial accounting and benefits of taking help with managerial accounting homework

• Managers use accounting concepts to take important decisions related to the business. One can make better decisions about company future after studying managerial accounting. Information provided by the managerial accounting is sensitive to the organization, hence you need to work on your ethics while studying accounting coursework.
• Managerial accounting draws upon Strategic, performance, and risk management. Strategic management analyzes the major initiative taken by the company's top officials on behalf of owners.

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Concept of tax accounting can be understood by reading about the US taxation system. The US has the most comprehensive set of accounting principles for the taxation purposes. Completing a degree in tax accounting is the US a challenging task. Universities in the US focus on the tax accounting case studies provided the companies.

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Book Balancing

Accounts subject is based on numeracy. Accounts are synonymous with balance. It is the accountants’ student’s responsibility to review and tally financial transactions before they are balanced.

The accountants are responsible for demanding more reports and highlighting inconsistencies triggering the imbalance if accounts collapse.

This extends to all accounts topics, including integer entries, capital budgeting, financial statements, table of contents, cash flow statement, balance sheets , etc.

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Mathematical numeration

This branch of accounting requires numerics, so make sure you understand algebra and mathematics before opting for this subject. You will have to review and make numeric entries to report the findings.

Time management in account

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Step-by-step guide on Writing an Accounting Assignment

The journey to completing an accounting course will require the successful completion of a variety of assignments. Everything from reports, essays, practice sets, and even projects are part of what to expect in the course of studying accounting. It can be difficult to navigate how to translate the knowledge learned in class into successful assignments. Hence the need for a guide to help you navigate it. Here is a detailed step-by-step guide that is extremely useful in helping you through writing an accounting assignment.

1. Planning

The planning process will involve two steps; understanding your assignment and creating an outline for your work. This step is the first and most important in successfully tackling your accounting assignment.

a) Understand your assignment

Depending on what your assignment is, i.e., a report, an essay, or a practice set, the first step in planning how to tackle it is understanding the requirements of the essay. This looks like, knowing what the topic of your assignment entails, looking at any mathematical tests assigned, and determining what the best way to tackle them would be. For example, an assignment on say, how to create a balance sheet could have different sections i.e., one question could have some definition of terms and one could include doing some workings of different components to get the totals needed to create your balance sheet. Understanding your assignment will give you the direction needed to start researching and writing your work. It will inform you on where to look to be able to successfully tackle your accounting assignment.

b) Create an outline for your assignment

The next step in planning is having an outline or a basic structure of your assignment. Having understood the assignment topic and requirements, you need to create a skeleton of how your work will flow. Different assignments take different formats depending on the assignments issued by the accounting instructor . It is therefore important to create an outline to help you focus on the different sections of your work. For example, in a report assignment, the structure will differ from a p-set assignment. The outline also offers direction on where to research your topic. For most accounting problems, the answer to one section feeds the other. For example, in the above, you cannot create a balance sheet without doing the workings to get the figures for the components of the balance sheet like the liabilities, depreciation, inventory, etc. To be able to get the depreciation figures to be used to get the net book value of the fixed assets, you have to have workings for the different assets. Hence the need for an outline.

2. Reading and researching

Once you have a plan for your work, the next step in writing your assignment is reading and researching. Reading is where you will go through your class notes and review them on the topic given. Reading gives you an idea of what additional information you need that will inform your research. There are 2 steps in reading and research;

a) Finding information

Research is mainly about finding more information on the topic you are tackling to be able to write a proper assignment paper. In an accounting essay or report, finding information involves using publications, web pages, and books to better define the different headings and subheadings in your essay. For example, if your essay is on formats of cashflow statements, finding information for this will be looking at different accounting books, International Accounting Standards (IASs) governing cash flow statements in this case IAS 7, and using this to better inform your essay. For accounting problem sets like say, creating the cash flow statement, finding information on this will be looking at examples on accounting books and web pages to have an example on how to complete your assignment. Find information in sources that are accurate and verifiable so that you get a correct paper free of errors. The credibility of your sources is also what makes the answers to your assignment credible and correct.

b) Reading and taking notes

Once you have the sources of information sorted, the next step is reading and taking notes that are relevant to your assignment topic or problem sets. To avoid plagiarized work in essays and reports, make sure that you read the information to understand, that way, when you start writing, you will write in your words and therefore avoid the penalty that comes with plagiarized work. Try to solve some problem sets you find in your research to get an idea of how to solve the ones in your accounting assignments. For our above example, try to create 1 or 2 cashflow statements from examples on the books or on the web to give you an idea of how you will tackle your assignment. Take notes on the different principles that govern cash flow statements to avoid mistakes. Remember that the answer to one section of the assignment will most likely feed the other in accounting, hence take care to get each section correctly. Taking notes also enables you to distinguish between phrases that are yours and those that are of other authors.

Once you have read and understood your topic and have the notes necessary to tackle your assignment, then the final step is writing. Writing will take 2 steps, the actual writing of the assignment and then editing and proofreading your work to remove any errors.

a) Writing your assignment

Create several drafts of your work to give yourself room for error and correction. The first draft will be mainly filling out the outline you had created with the information obtained from your reading. Before incorporating your research findings into your research, try writing from your understanding. Try to tackle any problem sets in the first draft to allow yourself room for error and the chance to correct them if any occur. The second draft of your writing should take care to hit all the important points of your topic and should be relevant. This is where you now incorporate your findings into your work, ensuring that any definitions in your assignment are correct and ensuring problems are tackled to the best of your ability. For our assignment on cashflow statements, the first draft would be the workings to determine the different components that will make up your cashflow statement i.e. the sections of cash flow from operating, investing, and financing activities. The second draft will be putting together the different sections to see if they create the cash flow statement we were working on. The results from the workings section are what make up the statement which is what makes up our assignment.

b) Edit and proofread

The last step in your assignment will be editing and proofreading your work. This is one of the most important steps and will ensure that there are no errors in your work. For essays and report assignments, read your work out loud to be able to detect any missing punctuation, wrong use of words, wrong spelling, and any sentences and paragraphs that may be too long and illegible. Use grammar tools to better countercheck your work. Proofreading of accounting statements is checking if the statement formats are as dictated by accounting standards and for the example of the balance sheet if the equation balances i.e total assets= liabilities+ equity. Take care to also run your assignment through a plagiarism checker to ensure that you do not have any duplicate work that could lead you to get a low grade, especially in essay and report assignments. By following this step-by-step guide, planning, researching, writing then reviewing your work, you are assured that your accounting assignment will be successfully tackled.

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Graduate Certificate in Accounting

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Regardless of whether you plan to pursue a master’s degree, you advance your accounting skills by earning the Graduate Certificate in Accounting from the Kelley School of Business Indianapolis. Prepare for the CPA exam  with applicable and relevant courses, and then decide to apply these credits towards the Masters of Science in Accounting or the Masters of Science in Taxation.

 This graduate certificate gives you the academic foundation to successfully pass the CPA exam. It offers:

• 12 credit hours of graduate education toward the 150 credit hours required to be licensed as a CPA.
• The flexibility to carry these credits into the MSA or MST, leaving just 18 credit hours remaining to complete one of these renowned Kelley degrees.
• 180 continuing professional education (CPE) credit hours.
• Six graduate certificate hours at the undergraduate rate for students taking accounting electives through the Kelley Indianapolis Undergraduate Program. Kelley undergraduates may complete the remaining six graduate certificate credit hours at night during the summer after graduation, while studying for the CPA exam.
• A broader range of accounting electives available during your undergraduate studies. These electives are open only to those undergraduates enrolled in the graduate certificate program.

How to apply

To apply for our Graduate Certificate in Accounting you’ll need to complete a graduate school application  and send us your official transcripts.

Learn how to apply

Application requirements

Applicants must have an overall undergraduate GPA of 3.2 or higher at the time of application. Students with a GPA between 2.8 and 3.2 may be admitted with permission from the Graduate Accounting Programs faculty chair.

Graduate Certificate in Accounting courses

Undergraduate accounting electives.

These courses are for students enrolled in the graduate certificate.

• BUPA-A 575 Internal Audit (FA, SP)
• BUPA-A 508 Governmental and Not-for-Profit (FA, SP, SU)
• BUPA-A 572 Fraud and Forensic Accounting (SP)
• BUPA-A 560 IT Audit (FA)
• BUPA-L 503 Advanced Business Law (FA, SU)
• BUPA-A 529 Internship (typically SP or SU)
• BUPA-A 579 Case Studies in Internal Audit
• Other courses upon approval by the GAP faculty chair

Graduate Certificate-Only Accounting Electives

These courses are offered during your last six hours of completing the Graduate Certificate in Accounting.

• BUPA-A 562 Advanced Financial Accounting (FA, SU)
• BUPA-A 537 Corporate Tax I (FA)
• BUPA-A 500 Professional and Ethical Responsibilities in Accounting (1.5 hours)
• BUPA-A566 Advanced Auditing Other courses upon approval by the GAP faculty chair

The training received from the Graduate Certificate in Accounting can help someone reach their accounting goals and have the ability to move into a more advanced position in the field. Rebekah Love, BS'22, GCA'23

Contact us to discuss how the Graduate Certificate in Accounting can help you achieve your career goals.

CIMA’s Global Management Accounting Principles: Seeking Your Input

The Chartered Institute of Management Accountants (CIMA) has launched a consultation on a set of Global Management Accounting Principles © and we would very much like your help. Unlike financial reporting, which has standards to guide its practice, there has been little authoritative guidance to help CFOs assess and improve the quality of the management accounting practices and processes used in their organizations.

As the demand for management accounting grows, the time is right to fill this gap. I also believe that the new Principles provide an ideal opportunity for professional accountants in business to demonstrate quite how crucial they are to the long-term sustainability of their organization.

Our overall objective is to enable CFOs to have management accounting systems in place that will drive better business through improved performance. We want to show business leaders what they could — and should — be getting from their management accounting function. To do this effectively, we are asking for feedback on our draft P rinciples from both business experts and accountants.

The development of the Principles, designed alongside our joint-venture partner, the American Institute of CPAs, is intended to be a collaborative effort. By drawing in a wide-range of perspectives, we aim to attract buy-in from the business community as a whole and ensure that the Principles really reflect both current practice as well as the direction of travel.

With this in mind, we are aiming for the Principles to:

• provide a forward-looking focus and ability to link different functions in a way that many organizations still lack;
• connect the dots, ensuring a direct line of sight between the organization’s objectives and the practices and processes of management accounting
• outline the fundamental values and qualities that represent best practice in management accounting; and
• create a common framework and help those responsible for delivering success to make the most appropriate use of the myriad sources of information at their disposal.

In the draft Principles consultation document, there are three headline Principles and 12 areas of practice built on CIMA’s proposed definition of management accounting. Among the 10 questions we are asking finance professionals to consider, we would like to know:

• Whether you agree with the suggested Principles and if other principles should be included;
• Whether the 12 practice areas cover the main elements of the finance function;
• What the current role of management accounting is in your organization; and
• How you currently assess the quality of your management accounting capability.

I would be very interested to hear your views. Our collective brain-power is vital to producing Principles that are both practical and effective.

More details about the Global Management Accounting Principles can be found at www.cimaglobal.com/principles .

The deadline to respond to the Principles is midday BST on May 10, 2014.

Accounts Receivable Assignment: Key Concepts and Business Impact

Explore the essential concepts and business impact of accounts receivable assignment, including cash flow effects and advanced techniques.

Efficient management of accounts receivable is crucial for maintaining a healthy cash flow in any business. Assigning these receivables can be an effective strategy to optimize liquidity and reduce financial risk.

Understanding the implications of this practice helps businesses make informed decisions that align with their financial goals.

Key Concepts of Accounts Receivable Assignment

Accounts receivable assignment involves transferring the rights to collect receivables from a business to a third party, often a financial institution. This practice is typically used to secure immediate cash flow, allowing businesses to meet short-term obligations without waiting for customer payments. The third party, known as the assignee, then assumes the responsibility of collecting the receivables.

One of the primary concepts in accounts receivable assignment is the distinction between recourse and non-recourse agreements. In a recourse agreement, the business retains some liability if the receivables are not collected, meaning they may need to compensate the assignee for any uncollected amounts. Conversely, a non-recourse agreement transfers the full risk of non-payment to the assignee, providing the business with greater financial security but often at a higher cost.

Another important aspect is the discount rate applied by the assignee. This rate reflects the cost of the service and the perceived risk associated with the receivables. Factors influencing the discount rate include the creditworthiness of the customers, the average collection period, and the overall economic environment. Businesses must carefully evaluate these rates to ensure that the benefits of immediate cash flow outweigh the costs.

Impact on Cash Flow

The assignment of accounts receivable can significantly influence a company’s cash flow dynamics. By converting receivables into immediate cash, businesses can bridge the gap between sales and actual cash inflows. This immediate liquidity can be particularly beneficial for companies facing seasonal fluctuations or those in industries with extended payment terms. For instance, a manufacturing firm might use receivable assignment to ensure it has the necessary funds to purchase raw materials, even if its customers take months to pay their invoices.

Moreover, the infusion of cash from receivable assignments can enable businesses to capitalize on growth opportunities. With more liquid assets on hand, companies can invest in new projects, expand operations, or take advantage of bulk purchasing discounts. This proactive approach to cash management can lead to increased profitability and a stronger market position. For example, a retail business might use the funds from assigned receivables to open new store locations, thereby increasing its market reach and revenue potential.

However, it’s important to recognize that while receivable assignment can provide immediate financial relief, it also comes with costs. The discount rate applied by the assignee reduces the total amount of cash received compared to the face value of the receivables. This reduction must be carefully weighed against the benefits of improved cash flow. Additionally, businesses must consider the potential impact on customer relationships, as the assignee will now be responsible for collections. Ensuring that the assignee maintains a professional and courteous approach is essential to preserving customer goodwill.

Accounting Treatment and Reporting

When it comes to the accounting treatment and reporting of accounts receivable assignments, businesses must adhere to specific guidelines to ensure accurate financial statements. The first step involves recognizing the assignment transaction in the accounting records. This typically requires debiting a cash account to reflect the immediate influx of funds and crediting the accounts receivable account to remove the assigned receivables from the company’s books. The difference between the receivables’ face value and the cash received, often due to the discount rate, is recorded as a financing expense or loss.

Proper disclosure is another critical aspect of accounting for receivable assignments. Financial statements must clearly indicate the nature and extent of the receivables assigned, including any recourse obligations if applicable. This transparency helps stakeholders understand the company’s financial position and the potential risks associated with the assigned receivables. For instance, notes to the financial statements should detail the terms of the assignment agreement, the discount rate applied, and any contingent liabilities that may arise from recourse provisions.

Additionally, businesses must consider the impact of receivable assignments on their financial ratios. Metrics such as the current ratio, quick ratio, and accounts receivable turnover can be significantly affected by the removal of receivables from the balance sheet. Analysts and investors often scrutinize these ratios to assess a company’s liquidity and operational efficiency. Therefore, it is essential to provide context and explanations for any substantial changes in these metrics due to receivable assignments.

Advanced Techniques in Receivable Assignment

Advanced techniques in receivable assignment can offer businesses more sophisticated ways to manage their cash flow and financial risk. One such technique is the use of securitization, where receivables are pooled together and sold as securities to investors. This method not only provides immediate liquidity but also diversifies the risk among multiple investors, making it an attractive option for companies with large volumes of receivables. Securitization can be particularly beneficial for industries like telecommunications or utilities, where customer bases are extensive and receivables are substantial.

Another advanced approach is dynamic discounting, which allows businesses to offer early payment discounts to their customers in exchange for quicker cash inflows. Unlike traditional discounting, dynamic discounting uses a flexible rate that can change based on the timing of the payment. This technique leverages technology platforms to automate and optimize the discounting process, ensuring that businesses can maximize their cash flow without sacrificing too much revenue. For example, a software company might use dynamic discounting to encourage its clients to pay invoices within 10 days instead of the standard 30, thereby improving its liquidity.

Relevance in Accounting: Concepts and Practical Applications

Modern accounting statements: techniques, technology, global standards, you may also be interested in..., understanding cash equivalents: characteristics and financial reporting, managing contra equity accounts in contemporary accounting practices, cost constraint accounting: principles and applications for 2024, how correcting entries ensure accurate financial reports.