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How to Write a Good Finance Dissertation

August 18th, 2009 No comments

Building the good Finance dissertation is your goal, and you can accomplish it, through clear definition of your dissertation goals. Most colleges offer courses during the program that will put you on the right path to writing your Finance dissertation; however, not all colleges can prepare you for the amount of work that you will develop in a dissertation. You must be prepared to dedicate a great many hours to your Finance dissertation. These hours should not be all at once; however, many students do find themselves spending a solid two weeks working on nothing but the Finance dissertation that is due in order to graduate. If this is you, do not worry, it can still be done. However, it is not the best way to write a good Finance dissertation.

Set your schedule up based on this information – You will need a problem statement; this should include research of at least three contemporary articles regarding current financial environments. Define you dissertation research topic – you will need no less than two articles that recognize that your problem exists. Read more…

Role of Accounting and Finance

August 7th, 2009 No comments

What is the role of accounting and financial decision making in Business? Why is essential to consider accounting data in relation to other factors in other decisions in all situations.

The word accounting can firstly be defined as the collection, recording, compiling and forecasting of financial information.

There are two different strands in accounting, and these are financial accounting and management accounting. Financial accounting has information about reports of the past, it can be used by external users, it needs to be reliable, accurate and consistent, it is ruled by accounting conventions and legal requirements, and it covers the company as a whole.

Management accounting focuses on the present and the future of the company, it is purely for internal users, it is usually easy to use, relevant and up-to-date, and it covers the departments and divisions rather than the company as a whole.

The first part of accounting is the collection of the data. This data is collected from the business transactions which are the: Buying and selling of goods and services; Sales invoices, purchase invoices; Statements, credit notes; Remittance advice notes, cheque receipts.

The second part is the recording of the data. This process is done with double entry, using the accounting equation and the conventions or principles. The information is recorded in Daybooks, books of original data, sales purchase ledgers, and nominal ledgers. Read more…