country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Business Research: Finance And Accounting

tag 0 Download6 Pages / 1,469 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Business Research for Finance and Accounting.

 

Answer:

I have learned why finance accounting is important for the effective running of a business organization. It will help me in getting a broader and wider idea of the various financial concepts. As accounting plays a vital role in every organization, it is necessary to understand and get a clear idea. This will also help in preparing and analyzing the budget of different organization. In this era of globalization, as finance plays an important role in every sector of the economy, it is necessary to understand the key elements which are associated in internal auditing of an organization (Belfo & Trigo, 2013). This learning experience will also help me in capital budget analysis. It will also help me in comparing the exchange rate of different and the taxation policies of different countries. I will also be able to understand the changes in the accounting system of every organization due to the changes made in the taxation rate of the country. Moreover, I will also get an in-depth idea of the different challenges which are faced by different organizations. The value of this learning experience is that it will enhance my knowledge in auditing and financing. It will also help me in delivering new strategies which will be beneficial for the development of the company (Fields, 2016). 

The learning experience will help to play the role of accountant in an organization. It will help me to become professional accountant by understanding the width and depth of the various accounting terms. It will also help me in using the computers for various accounting processes such as computerization of the total processes and operations using ERP packages. This will help me to eliminate the errors which occur in manual accounting process. As the taxation policies of different countries keeps on changing, there are numerous additional data which needs to be added to the existing data of the organization (Rahmana, 2016).It will be easier for me to carry out the calculations easily. As the markets are opening up and the investments are flowing across different boundaries, it is also necessary that the reporting of the organization must be followed. Moreover, there is also shortage of quality accountants who looks after the various accounting processes in different organizations. This learning experience will also help me in my future career to become a professional accountant. This learning or knowledge can be applied in the future for career development and leadership training experience as an accountant. I can also train quality professional staffs for the managerial level who are involved in accounting and finance department of any business organization (Gassen, 2014).

 

In the entire learning process, I have analyzed the various challenges which are faced by the organization in finance and accounting processes. The strategies which are adopted by different organization are also discussed in the paper. The company in which I will work will be benefitted as I can easily understand global finance and work for the development of the company. I can advice the management whether it will be feasible to invest in the home economy or abroad (Karpoff et al., 2014). If I understand the challenges of global finance, I can also easily prepare for the challenges which are to be faced by the organization in the real world.  I will have adequate knowledge on finance and thus can save the company from excessive debt. The companies with efficient operation and increasing sales will reach such a point where there will be no such debt. I can also assist the local business services which affects the overall economy. As the emerging market will always tend to have a high risk of inflation and the prices will soar at any moment, I can judge and assess them correctly. I will also face various challenges while working in the organization which are associated with increasing the productivity and streamlining the various processes (Perego et al., 2016). Moreover, it will also be necessary for me to upgrade or implement the information system and thus connect with the other members who are associated with finance work. The rapid technological changes and globalization are making difficult for the companies to survive. Thus. it is important to analyze and carefully adopt certain steps for mitigating the challenges of finance and accounting in the global economy (Loughran & McDonald, 2016).

These research has helped me to analyze the secondary market and obtain various information which are associated with the challenges which are faced by the finance and accounting companies globally. It will also help me in carrying out further research work extensively and improve the accounting and finance process which is associated with the business process in the long run. The various key factors which are associated with business operations of an organization will also be easier to understand and analyze. Further, it will also help me to take the charge of any business organization as the accounting and finance official. It will also help me to keep a close track of the profitability and taxes which are associated with the business operations. It will also help me to understand the challenges which are faced by the organization in finance and accounting processes. The research has also helped me in analyzing the business data carefully. The economic factors and the powers also play an important role in the setting of business in different countries. It has also taught me to make a careful investigation of the budget which plays an important role in every organization. The companies must adopt innovative processes to stay ahead in competition and to maximize their profitability (Karadag, 2015).

I have learned at the initial stage why finance and accounting is vital for an organization. It will help in achieving the real time visibility of the organization. Moreover, it will also help in improving the management reporting cycle and thus this will help in running the global business efficiently. The implementation and up gradation of the information system especially the ERP system plays an important role. I have learned that it is important to assist the accounting and the finance team globally. It is also necessary to overcome the various challenges which are faced by the organization in accounting related work. It is also necessary that the teams which are involved in accounting and finance can reach out to the customers if they enquire about their purchase and buying decisions. The global leaders who are associated in finance and accounting processes must implement and innovate new ideas so that they can keep a close track of the financial operation of the business (Adams et al., 2014).

This learning will help me to be a successful accountant in any business organization. I can effectively manage and keep a close track of the business operation of any organization. This learning experience will also help me in my course. It has also helped me in understanding the different prospects of accounting in the business organization. It has also developed my patience and improves my monitoring skills. It has also helped me in analyzing and identifying the various challenges which are faced by the organization. This research has also helped me to handle the debit and the credit balance of the organization and thus mange the organization in difficult times. I can also understand the processes and the importance of green accounting which will help the organization and thus it will be beneficial for the environment as well as the business. .This will help me in my future career as well as completing the course successfully (Modell, 2013).

 

References

Adams, C., Muir, S., & Hoque, Z. (2014). Measurement of sustainability performance in the public sector. Sustainability Accounting, Management and Policy Journal, 5(1), 46-67.

Belfo, F., & Trigo, A. (2013). Accounting information systems: Tradition and future directions. Procedia Technology, 9, 536-546.

Fields, E. (2016). The essentials of finance and accounting for nonfinancial managers. AMACOM Div American Mgmt Assn.

Gassen, J. (2014). Causal inference in empirical archival financial accounting research. Accounting, Organizations and Society, 39(7), 535-544.

Karadag, H. (2015). Financial management challenges in small and medium-sized enterprises: A strategic management approach. Emerging Markets Journal, 5(1), 26.

Karpoff, J. M., Koester, A., Lee, D. S., & Martin, G. S. (2014). Database challenges in financial misconduct research. Unpublished Manuscript.

Loughran, T., & McDonald, B. (2016). Textual analysis in accounting and finance: A survey. Journal of Accounting Research, 54(4), 1187-1230.

Modell, S. (2013). Making sense of social practice: theoretical pluralism in public sector accounting research: a comment. Financial Accountability & Management, 29(1), 99-110.

Perego, P., Kennedy, S., & Whiteman, G. (2016). A lot of icing but little cake? Taking integrated reporting forward. Journal of Cleaner Production, 136, 53-64.

Rahmana, D. M. (2016). Investor sentiment, Executive compensation, and Investment-Some International evidence: A Pitch. Accounting and Management Information Systems, 15(2), 428.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Business Research: Finance And Accounting . Retrieved from https://myassignmenthelp.com/free-samples/business-research-finance-and-accounting.

"Business Research: Finance And Accounting ." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/business-research-finance-and-accounting.

My Assignment Help (2018) Business Research: Finance And Accounting [Online]. Available from: https://myassignmenthelp.com/free-samples/business-research-finance-and-accounting
[Accessed 27 May 2020].

My Assignment Help. 'Business Research: Finance And Accounting ' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/business-research-finance-and-accounting> accessed 27 May 2020.

My Assignment Help. Business Research: Finance And Accounting [Internet]. My Assignment Help. 2018 [cited 27 May 2020]. Available from: https://myassignmenthelp.com/free-samples/business-research-finance-and-accounting.


For years, MyAssignmenthelp.com has been operating as one of the cheap assignment help providers in the USA. We are one of the best college paper writing services that keep service price minimal. We do not let the affordability of our service to hamper the standard of our work. We have separate teams of experts to provide report writing help . At MyAssigenmnthelp.com, we believe in earning credibility, so students can pay for assignments only after getting satisfied solutions. Tough assignments bother you? Trust us with your project. You will not regret paying us to write assignments for you.

Latest Accounting Samples

BAO3309 Advanced Financial Accounting Assignment

Download : 0 | Pages : 8
  • Course Code: BAO3309
  • University: Victoria University
  • Country: Australia

Answer: Introduction: The report is prepared to evaluate the valuation practice of non financial assets of companies regarding their non-financial assets such as intangible assets and plant, equipment and property. Valuation practices are analyzed in terms of fair value and historical cost accounting. It has been depicted from the analysis of literature review that these two methods of accounting often come under debate regarding its applicab...

Read More arrow

ACC303 Contemporary Issues In Accounting 2

Download : 0 | Pages : 9
  • Course Code: ACC303
  • University: Kings Own Institute
  • Country: Australia

Answer: Introduction: In order to prepare the financial statements, the conceptual framework related to financial reporting is significant for the business organisations in the recent times. This is because it delivers considerable course of action along with the techniques and principles needed to develop the financial reports ( Barth 2015). Along with this, the conceptual framework could help in resolving various issues of the business organi...

Read More arrow

ACCM 4600 Accounting Theory And Contemporary Issues

Download : 0 | Pages : 12

Answer: Introduction: The objective of the report is to focus on the utilization and impact of AI (artificial intelligence) in the accounting field (Bench-Capon, 2014). The explanation of AI’s influence in the accounting field highlights on how development of this technology has transformed the accountants work as well as efficiency in providing better services to their clients. While working in huge accounting firm, it is usually iden...

Read More arrow

0308450 Money And Banking

Download : 0 | Pages : 9

Answer: Part A Article 1: “Fed Raises Interest Rates for Sixth Time Since Financial Crisis”a)The main topic of the above article is the increase in interest rate by 25 bps in US and also expected two more rate hikes in 2018 so that the Fed rate can lie between 1.5% -1.75% p.a.b)The given interest rate hike was quite expected and would potentially prove to be beneficial for the economy as inflation is increasing which can if not cont...

Read More arrow

HI6025 Accounting Theory And Current Issues For Management Accounting

Download : 0 | Pages : 8
  • Course Code: HI6025
  • University: Holmes Institute
  • Country: Australia

Answer: Introduction: With the constantly changing economic conditions in the recent era, it has become essential of using flexible approaches and tools. The article that has been selected to fit the purpose of this assignment is “Management accounting and agency theory”. The current paper intends to describe the way management accounting evolved and the area of scope for additional extension of management accounting with the help...

Read More arrow
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,320,224

Orders

4.9/5

Overall Rating

5,075

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

93 Order Completed

100% Response Time

Jackson Mitchell

MiM (Masters in Management) in Supply Chain Management

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

440 Order Completed

99% Response Time

Jack Arens

MBA in HRM

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

610 Order Completed

100% Response Time

Cheryl Zhao

PhD in Statistics

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2632 Order Completed

100% Response Time

Albert Ambrosio

MSc in Nursing

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Very well done. I\'m really happy with 5he result. I will be back for another assignment.

flag

User Id: 406321 - 26 May 2020

Australia

student rating student rating student rating student rating student rating

Expert did an awesome job. Assignment was organized, in-depth and filled with a wealth of information. Although, I had to correct a few errors, they did not cause a distration from the content while reading. Great Job!

flag

User Id: 413864 - 26 May 2020

Australia

student rating student rating student rating student rating student rating

pretty pleased with this assignment even though i had to add extra information and few edits grammatically

flag

User Id: 416694 - 26 May 2020

Australia

student rating student rating student rating student rating student rating

The tutor make the assignments best without plagiarism and on time. I like the work they did for students . All the assignments are best . Thankyou

flag

User Id: 417750 - 26 May 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?