Here is the synopsis of our sample research paper on Accounting; Definition, Impacts on Business and Its Ability to Help Businesses Improve Results. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 13 page paper is written in three parts. The first part looks at what is meant by accounting discussing different types of accounting and why is undertaken. The second part of the paper looks at the way accounting is able to impact on a business. The last part of the paper examines the way that accounting may be used by business in order to produce positive results, such as increasing office. The bibliography cites 11 sources.
Page Count:
13 pages (~225 words per page)
File: TS14_TEacc001.rtf
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Unformatted sample text from the term paper:
control and management of performance, a measurement for stakeholders, internal and external, as well as the fulfilment of legal obligations. There are a number of definitions of accounting, one of
the more simple definitions reads "a detailed report of the financial state or transactions of a person or entity", this is a very broad definition, a more detailed definition states
that accounting is "the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business
house from a study of its sales, purchases, overhead, etc." (Dictionary.com, 2007). This latter definition gives a good overview of the scope and range of functions and uses that accounting
is useful. In order to look at accounting in more detail and understand how it is used in business is important to understand what is meant by accounting in practical
terms. From the definition given above it is possible to see the different types of accounting will be useful to different stakeholders. Shareholders and external stakeholders may be interested in
aspects such as annual profits since and returns on investment if they were to purchase shares. Annual accounts would be of little value to managers who need to control business
expenses over much shorter periods. With the different needs of very stakeholders accounting can be divided into two basic forms; financial and management accounting, each of these serves a valuable
but different purpose. Financial accounting can be typified by the annual accounts and the way in which they are used to compare year
with year and also in terms of benchmarking between companies for performance. Therefore, we can see that the majority of people using these accounts are not directly involved with the
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