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Accounting Assignment Writing Help Online

 
 

 

Accounting can be illustrated by the systematic and comprehensive recording of financial transactions involving a business. In other words, it also refers to the process of summarizing, analyzing and reporting the commercial transactions. If you are asked to write an assignment on accounting, you can reach our accounting assignment help experts who have strong understanding of the finance fundamentals. If you are having problems in understanding the theories of accounting, you should immediately take accounting homework help online free, accounting assignment help from experts who are available for accounting help online chat. Clear your doubts with our accounting help online chat or get accounting homework help online free.

Accounting Assignment Writing Help Online

 

Accounting basics: The branches of accounting

The divisions of accounting are closely interrelated with each other, explained by our accounting assignment help experts. Gain in-sight knowledge about the basics of accounting in precise manner through our accounting assignment help or accounting help online chat service. Avail our accounting homework help online free or interact live through accounting help online chat. Take our accounting assignment help and enhance your knowledge. Our accounting assignment help professionals solve your problems by providing efficient accounting homework help online free and accounting help online chat.

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1. Financial accounting

It is the practice of reporting a company’s financial position and the results of operations of external parties through financial statements. With the help of standardized guidelines, the transactions are recorded, summarized and presented in the form of financial statements or financial reports. These statements are considered as external information because they are given to people outside the company. Accounting assignment help on financial statements include:

  • The balance sheet (the statement of financial position)
  • Income statement (the profit and the loss statement) and
  • Declarations of cash flows

These are for external users like investors, lenders, suppliers, tax authorities and other stakeholders. Get accounting assignment help; know about our accounting homework help online free through accounting help online chat.

Our financial accounting assignment help primarily follows common rules known as Accounting Standards and as Generally Accepted Accounting Principles (GAAP). In the U.S., the Financial Accounting Standard Board (FASB) is the institution that framed the accounting standards and principles. To master the subject, get quality accounting assignment help or accounting homework help online free.

2. Management accounting

Management accounting is defined by our accounting assignment help writers as the process of managing reports and accounts that provide accurate and timely financial and statistical information. The information is used by managers in order to make day-to-day and short-term decisions. Our accounting assignment help and accounting homework help online free involves the following processes.

  • Planning: Deciding what products to make and where and when to make them.
  • Performance Evaluation: Keeping track of individual products and product lines.
  • Operational Control: Knowing the status of the factory floor and the stages of the competition.

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Unlike financial accounting that produces annual financial reports for external stakeholders, management accounting discusses about the internal users like department managers and chief executive personnel. Our accounting assignment help demonstrate the following in reports:

  • Amount of available cash
  • Sales revenue generated
  • Amount of order in hand
  • Statements of accounts payable and receivable
  • Outstanding debts
  • Raw material
  • Inventory

The reports are used for

  • Designing and evaluating the business process
  • Budgeting and forecasting
  • Implementing and monitoring internal controls, etc.

The primary objective of management accounting is to allocate the cost. Take accounting assignment help and accounting homework help online free from MyAssignmenthelp.com and do accounting help online chat.

3. Auditing

Our accounting assignment help experts define auditing as the process of examining and verifying the company’s accounts and the firm’s system of internal control. Auditors are extensively trained to identify the needed areas that require improvement or demonstrate potential danger and incidents of unethical conduct in their field of expertise. Consult with our accounting assignment help experts through accounting help online chat and get accounting homework help online free. We guarantee best accounting assignment help and accounting homework help online free.

According to our accounting assignment help experts, auditing is dedicated to identifying and addressing the potential weakness of the company. The weakness can outweigh temporary loss of productivity. With the help of audits, human resource policies, operational procedures and quality or safety policies are reviewed. Get more details on accounting assignment help or accounting homework help online free via accounting help online chat with experts.

Our accounting assignment help include two types of auditors

  • External: External auditors inspect the accounts of an entity and render an opinion independently on whether its statements justify the financial position of the company and the results of the operations.
  • Internal: Internal auditors focus on the user of financial statements outside the organization. The prior responsibility of the internal auditors is to manage the team.

Our accounting assignment help and accounting homework help online free primarily include both the auditors. Get details via accounting help online chat.

4. Tax accounting

It is referred to as the accounting method that discusses taxes rather than the appearance of public financial statements. Our accounting assignment help and accounting homework help online free include this area of accounting that controls the preparation of tax returns on both the state level and federal level for individual companies. Get details via accounting help online chat from our accounting assignment help providers.

  • Tax accountant: Tax accountants are certified public accountants who have chosen the field of tax accounting as their sub-specialty. Our accounting assignment help experts understand the regulations contained in the Internal Revenue Code (the rules and regulations that companies and individual must follow while preparing the tax returns). Tax accountants must have a clear idea about the changes in IRS (Internal Revenue Service) regulations, which usually occur on a yearly basis. For more details about our accounting assignment help online or accounting homework help online free, interact live with writers through accounting help online chat.
  • Difference between financial accounting and tax accounting: Compared to financial accounting, tax accounting is based on laws enacted through a highly political legislative process. While providing tax accounting assignment help and accounting homework help online free, our writers follow Generally Accepted Accounting Principles (GAAP), but in few ways it differs from accounting standard accounting regulations. For example, let’s say a company prepares its financial statements implementing the first-in-first-out (FIFO) methods to record the inventories for commercial purposes. Our accounting assignment help experts can produce tax reports by using the last-in-first-out (LIFO) approach too. This can help them reduce the current year’s taxes payable. Explore more details through accounting help online chat from our accounting assignment help

 5. Fund accounting

It is a system mostly used by non-profit entities including governments and not-for-profit corporations. For these and other similar entities, it is vitally important to keep records of how their money is spent, rather than how it is earned. Our accounting assignment help experts state that fund accounting is mandatory as a standard practice to distinguish between general funds and special purpose funds. The general funds are used for day-to-day operations (such as paying employees or buying supplies) whereas special funds are dedicated to operating specific activities (such as building a new wing of the hospital). Students seeking accounting assignment help, accounting homework help online free and accounting help online chat, reach us immediately.

Fund accountants are primarily responsible for all aspects of day-to-day accounting for a group of assigned funds including,

  1. Calculating/reporting the daily NAV (Net Asset Value) per unit
  2. Compiling standard weekly and /or monthly financial statements
  3. Income and expenses accruals

Fund accountant is not typically appointed by firms that just sell funds as their role. Our accounting help online chat system assists in accounting homework help online free and accounting assignment help.

6. Forensic accounting

Accounting assignment help experts relate forensic accounting with accounting analysis that is suitable to the court which forms the foundation to discuss debate and ultimately point up a dispute resolution. It is used in legal matters, including litigation support, investigation and dispute resolution and primarily included in accounting homework help online free. We provide accounting assignment help and accounting help online chat that encompasses different kinds of forensic accounting enlargements like bankruptcy, falsification and manipulations of accounts or inventories, matrimonial divorce and so forth. Get accounting assignment help, accounting homework help online free and accounting help online chat at one-place.

What forensic accountants do?

The prior responsibility of the forensic accountant is to look beyond the numbers and deal with the business reality of the situation. Our accounting assignment help experts explain what forensic accountants do. It combines their accounting knowledge with investigation skills in various litigation support and investigative accounting settings. Forensic accountants are employed by public accounting firms, forensic accounting divisions, by consulting firms specializing in risk consulting and forensic accounting services.

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Accounting and Bookkeeping: Differences

Our accounting assignment help experts consider bookkeeping as an essential part of accounting. Bookkeeping is the process of recording of all the economic activity of the organization like sales made, bills paid, capital received etc. In medium and big organizations, these transactions are recorded electronically. Bookkeeping was manually done in actual books previously. Reach MyAssignmenthelp.com to get accounting assignment help, accounting homework help online free and accounting help online chat.

The accountants design the accounting system that bookkeepers utilize in their work. They establish the internal controls to protect resources and apply the principles of standard setting organization to the accounting records and prepare the financial statements.

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What is double-entry bookkeeping?

Our accounting assignment help include this topic as an economic events of the business. Those events are recorded as transaction and applied to accounts. For example, the cash account tracks the amount of cash on hand; the sales account records sales made. Generally the large companies have thousand of accounts charts, whereas the small companies also have hundreds of them. In each transaction, there should be the date, the amount and a description.

How to keep good accounting records?

Our accounting assignment help clearly describes the journals that consist of the date, the amount and a description. The following samples are included in our accounting assignment help. Know about accounting homework help online free through accounting help online chat.

  • Date: Let’s say you have taken decisions to buy lamp over a telephonic conversation on April 5, but the paperwork was not done until April 19. The lamp was delivered on April 25, not on the delivery date April 9. But, now you are having second thoughts about the lamp. So you have decided to return the item on the 30th. So on which date the transactions took place: 15th, 19th, 23rd or 30th?

 

  • Amount: Accounting assignment help on amount is equally important. The purchasing cost of the item is $250, and you get a 10% discount on the total amount if you pay within 30 days. Even though you agreed to $250 payment, you can probably reduce another $50 if you threaten to return it. Whereas, being in the stationary business, you know one of your customers has been looking for this antique for a long time, so you can easily charge $300 for one. So what should be a record on the transaction day: $250 or $225 or $200 or $300?

 

  • Accounts: Accounts is an essential concern of accounting assignment help. You has bought the item for your office furniture account. However, you buy and sell antiques frequently to your customers, so you are always ready to sell the lamp if you get a good offer. So instead of an office furniture account used for fixed assets, should the lamp be recorded in the purchase account you use for inventory? If you are in a big company, there might be dozens of office furniture sub-accounts to choose from.

While crafting your accounting assignment help, it is important to answer the basics questions of accounting like when did the economic event take place? What is the value of the transaction? Which account is affected by the transaction? But you can see things are very complicated to answer. There are no excuses for out-and-out misinterpretation of company results or sloppy auditing. So if you require accounting homework help online free, our accounting assignment help experts gives you best assistance through accounting help online chat.

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Concept of debit and credits

In accounting thesis, debit means one thing that should be mentioned on left-hand side. On the contrary, credit means one thing that should be mentioned on the right-hand side. When you receive cash, you are supposed to increase the cash account by debiting it. When you make payments, you decrease the cash account by crediting it.

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Process involved in accounting assignment help material

With time, accounting systems have evolved from traditional to modern accounting cycle. Our accounting assignment help experts highlight the steps of accounting cycle in accounting homework help online free material; else can opt for accounting assignment help, accounting homework help online free suggestion through accounting help online chat.

  • Step 1 Identify the transaction from source document like purchase orders, loan agreements, invoices, etc.

 

  • Step 2 Record the transaction as a journal entry

 

  • Step 3 Post the entry in the individual accounts in ledgers. Traditionally, Ts represent the accounts with debits on the left and credits on the right.

 

  • Step 4 After reporting, prepare preliminary trial balance of all the accounts by netting all the debits and credits in each account to calculate their balances. Make a total of the left and right side balances and make sure the two columns should be equal.

 

  • Step 5 Adjust the entries that are not generated through particular source of documents. For example, depreciation expenses are recorded for items like equipment to account for the use of the asset and the loss of its value over time.

 

  • Step 6 Prepare an adjusted trial balance of the accounts. The left-hand side (debits) and right-hand side (credits) must be equal in terms of the value.

 

  • Step 7 Calculate the total of the sum of the various accounts and present them in financial statements. The statement is created for both internal and external use.

 

  • Step 8 Wind up the books of the current month by recording the necessary reversing entries to start fresh in a new period.

Our accounting assignment help gives you an overall idea about what accounting is, what the fundamentals of accounting are and how accounting process works. This above information is a trailer of our accounting assignment help composed in our accounting homework help online free samples. Our accounting assignment help provides in-depth knowledge that you can acquire from our experts through accounting help online chat. Our accounting assignment help experts are capable of providing you best possible accounting assignment help, accounting homework help online free and assist you through accounting help online chat.

 

How MyAssignmenthelp.com can provide accounting assignment help to students?

We understand how strenuous it can be to invest hours of valuable time in research and still not get the grade you desire.MyAssignmenthelp.com is here to provide accounting homework help online free and accounting help online chat to clear your doubts. Our accounting experts are affiliated with reputed colleges/universities of Australia, UK and USA are ready to provide accounting help online chat to clear your doubts and also cater accounting assignment help. The experts are well-versed with the writing style of accounting assignment help material. Our accounting assignment help experts just don’t write the accounting homework help online free; they eliminate every possible loophole in terms of researching, editing and proofreading (grammar, spelling and plagiarism check). To get accounting assignment help and accounting homework help online free samples, do accounting help online chat with our customer support team to get our useful service at limited budgets. Receive accounting help online chat from our experts. Contact our accounting help online chat for details on accounting homework help online free and accounting assignment help services.

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