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How to Write a Good Finance Thesis

October 9th, 2009 No comments

How to write a good finance thesis – more information to keep you going and help you accomplish this important part of your degree program (Undergraduate, Master’s or Ph.D.). When writing a good finance thesis, consider the needs of audience, if you present new ideas or terms that the general audience may not know, be certain to define the terms in the introduction to allow readers to return to that section as needed. Additionally, you can define the terms in the introduction, and at least one more time in the paper when the term is introduced, this will reinforce the meaning of the term and allow the reader to follow quickly and easily through your Finance thesis paper.

Another important aspect when writing your Finance paper is to clearly define what purpose each item you select as research will serve in your paper. When you refer back to a source, explain what it has to do with your Finance thesis topic and your topic statement. Is there something about this particular study that makes it more applicable than other studies? Is there something this particular author has said that is more relevant that works by other authors? Embrace these questions because they will strengthen your research and allow you to keep all of your information consistent with your topic development.

Finally, your Finance thesis paper is a piece of work that demonstrates your critical thinking methods, your ability to think “outside the box,” and even your ability to apply knowledge you have gained within the classroom. Consider items from your textbooks, your readings, and even your instructor’s lectures as items that may be relevant to your work. A little work each day, and you will be on your way to thesis success.

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…