Accounting Homework Help & Answers

Tutlance's College Accounting Homework Help and Answers Service

Accounting is the measurement, processing and communication of financial information about economic entities such as businesses and corporations. The word accounting is derived from the French word "accounting" and its root word "count".

Accounting can be divided into several fields including financial accounting, management accounting, external auditing, tax accounting, cost accounting, personal accounting (for private individuals) and accounting systems.

Below are various categories of help with accounting homework provided by Tutlance tutors.

Financial accounting homework help:

Financial accounting makes up the majority of accounting in terms of quantity. Traditional financial accounting is concerned with the reporting of a company's financial information, using generally accepted accounting principles (GAAP) as issued by the country's standard-setting body such as the Financial Accounting Standards Board in the United States and the Public Company Accounting Oversight Board in the United States.

Managerial accounting homework help:

Managerial accounting is a more recent development. It involves up-to-date decision making support for management accounting, providing information about product profitability, quality control, and other areas that aid in decision making.

Accounting information systems homework help:

In accounting information systems, we use computer software to produce reports of financial transactions and automate the process of recording them. Systems may also perform accounting functions such as invoicing customers, tracking expenses, and keeping personnel records.

Tax accounting homework help:

Tax accounting is the calculation of tax owed by persons or businesses in accordance with the laws of states which levy taxes on income. Tax accounting is a branch of financial accounting created to ensure compliance with state and federal legislation such as the U.S. Internal Revenue Code (IRC) and the relevant state legislation. Tax accounting is governed by the generally accepted accounting principles for tax purposes (GAAP).

External auditing homework help:

External auditing provides independent assurance to the users of a company's financial information. The external auditor is usually appointed by the general meeting of shareholders, although other stakeholders can agree to have an outside party serve as the auditor instead of an internal employee.

Taxpayers are required by law in many countries to have an independent audit done on their behalf for confirming that their tax return has been prepared correctly.

Tax accounting is also at the core of public sector auditing, which ensures that (i) tax revenues are collected and accounted for properly, and (ii) these tax dollars are spent according to law. Accountants in England

Cost accounting homework help:

Cost accounting is the process of identifying, measuring, accumulating and reporting costs associated with any activity or process.

Cost accounting is a branch of accounting that is used to keep track of the costs for making decisions.

Those costs are then charged to jobs or products based on agreed-upon rates.

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Here are some examples of topics your accounting coursework may include:

• Cost Accounting Questions
• Interpreting Accounting Information
• Accounts Payable and Receivables Questions
• Inventory and Warehousing Questions
• Cash Flow and Budgeting Questions
• Financial Statement Analysis and Interpretation

Accounting standards homework help

Accounting standards are the conceptual, procedural and technical framework in which accounting has been conducted.

Below are some important accounting standards:

1. Generally Accepted Accounting Principles (GAAP)

2. International Financial Reporting Standards

3. Good Chartered of Public Accountants' Code of Ethics

4. Generally Accepted Auditing Standards (GAAS)

5. Generally Accepted Accounting Interpretations (US GAAP)

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Related To:

Here are a set of references and important pages.

• Is an Accounting Degree Worth it? - Franklin University
• Accounting - The University of Oklahoma
• Department of Accounting - Foster School of Business
• Accounting (MSA) | Texas A&M University-Commerce
• A Guide For Students Studying Accounting - CSUN
• Using A Web-Based Homework System In A Managerial Accounting Course: Does It Help Students To Learn?
• https://apps.concord.edu/schedules/syllabi/202101/202101_10243.pdf

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