Premium Essay

Survey of Accounting

In: Business and Management

Submitted By sunsary
Words 284972
Pages 1140
survey of accounting

5e

Carl S. Warren
Professor Emeritus of Accounting University of Georgia, Athens

Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States

Survey of Accounting, Fifth Edition Carl S. Warren Vice President of Editorial, Business: Jack W. Calhoun Editor-in-Chief: Rob Dewey Executive Editor: Sharon Oblinger Developmental Editor: Tracy Newman Sr. Marketing Manager: Kristen Hurd Marketing Coordinator: Heather Mooney Sr. Content Project Manager: Martha Conway Media Editor: Brian England Sr. MarCom Manager: Libby Shipp Production Technology Analyst: Emily Gross Sr. Frontlist Buyer, Manufacturing: Doug Wilke Production Service: MPS Limited, A Macmillan Company Sr. Art Director: Stacy Jenkins Shirley Internal Designer: Patti Hudepohl Cover Designer: cmiller design Cover Image: Corbis Sr. Text Permissions Manager: Mardell Glinski Schultz

ã 2011, 2009 South-Western, Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be reproduced, transmitted, stored or used in any form or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, Web distribution, information networks, or information storage and retrieval systems, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the publisher.
For product information and technology assistance, contact us at Cengage Learning Customer & Sales Support, 1-800-354-9706 For permission to use material from this text or product, submit all requests online at www.cengage.com/permissions Further permissions questions can be emailed to permissionrequest@cengage.com

The names of all products mentioned herein are used for identification purposes only and may be trademarks or…...

Similar Documents

Premium Essay

Ethics in Accounting Profession

...ETHICS IN ACCOUNTING PROFESSION RESEARCH METHOD Despite of significant learning on ethics especially for future accounting profession, 50 respondents were randomly selected from Bachelor of Accounting students, International Islamic University Malaysia (IIUM). The student sample was equal to 50 (N= 50) consists of accounting students from the first to fourth year of study between the ages of 20-25 years old. Students from IIUM had been exposed to some general ethic values in class. This exposure fit with university’s missions which are integration, islamization, internationalization and comprehensive excellence toward achieving vision of International Islamic University Malaysia. Besides, some ethical courses had been tough in this university such as organizational behaviour, Islamic worldview, and other courses that subsequently related to this study. The participation of accounting students from this university will gave significantly different picture on the effects and solutions when dealing with ethics in accounting profession. The study was administered throughout this semester specifically on ethics in accounting profession. Therefore, the survey was conducted in Kuliyyah of Economics and Management Sciences (KENMS) to collect the data. The survey was one of the good ways to gather and process data because the questionnaires were evaluated easily based on quantitative research method. The set of survey forms was distributed randomly to respondents who...

Words: 327 - Pages: 2

Premium Essay

Internship

...ANALYSIS OF CHARACTERISTICS ASSOCIATED WITH ACCOUNTING INTERNSHIPS James H. Thompson Associate Professor of Accounting Central Washington University 2400 S. 240th Street, Des Moines, WA 98198, USA. Phone: 206-439-3800 x3839 E-mail: jht@cwu.edu Abstract Internships are a popular element used to enhance accounting education. Although previous studies have considered internships, many have addressed enhancement of subsequent academic and professional performance. The purpose of this paper is broader and examines several characteristics of accounting internships: the frequency of participation, eligibility requirements, process for securing internships, level of participation, availability and amount of academic credit, area of assignments, nature of post-internship requirements, and benefits to students. Two random samples, one in 1998 and one in 2003, of 100 accounting programs were analyzed in the study. For each program selected, the survey was mailed to accounting program administrators. Responses were collected by fax. The results of this study should be of interest to accounting students, faculty program administrators, and practitioners. Gaining real-life knowledge of accounting tasks and obtaining insight regarding career planning were the two most important benefits identified. Future research should consider the perceptions of accounting students and practitioners. Introduction Internships are a popular element of accounting education. Supervised practical......

Words: 8932 - Pages: 36

Premium Essay

Accounting Supply and Demand

...Demand for Accounting Talent at Record Levels Every year more and more high school graduates are making the choice to go to college and pursue a college degree. With the economy in the United States struggling in recent years it has gotten increasingly difficult for college graduates to find jobs. Because of this struggle, students are constantly told to choose a career path in a field where it is easier to find a job. Luckily for those students who choose the accounting field, this is not a problem. A recent study examining the supply and demand trends in the accounting field shows that the accounting profession is thriving. The accounting profession set all-time highs in college enrollments, degrees awarded, and the demand for new accounting graduates last year. According to a survey given by the AICPA, 40,350 new accounting graduates were hired last year, with 23,793 of them having bachelor’s degrees and 16,557 having master’s degrees. Previously the record high was just over 36,000 in 2007, but after the recession hiring got a boost. In 2011-2012 61,334 bachelor’s degrees were awarded, with 23,793 of those graduates being hired and another 20,843 of them going on to further their education pursuing a master’s degree. Not only does this study show how many graduates were hired, but it also says that 89% of public accounting firms will hire the same number of graduates the following year. This obviously shows great promise for students in the accounting......

Words: 905 - Pages: 4

Premium Essay

Ethics in Accounting

...Ethics in Accounting Linh Pham University of Mount Olive Author Note This research paper was prepared for ACC483, taught by Professor Henry Singletary. Ethics in Accounting Ethics in Accounting has recently attracted a lot of attention in the field of business. Based on my knowledge, ethics in accounting are the behavior or actions that doesn’t allow for intentionally inaccurate and false in accounting practices. This is quite complex because we not only have to follow the accounting rules, but also need to make decisions based on the moral or ethics principles. However, ethics varies by cultures, individual perceptions, religion. For example, what seems about right in one country could be totally wrong in another country. Or what you think is right may actually be wrong. Therefore, it’s really difficult for us to follow the same ethics principle and apply those principles to ethics in accounting practices. In this paper, I will bring a thorough discussion of how to make accounting behaviors become more ethical. Ethics in Accounting is what we really need to take into our consideration in this era, especially after the financial and accounting failures of many big firms such as Enron, WorldCom, AOL, Global Crossing, Tyco, Lehman and AIG. As a matter of fact, experts and analysts are trying to find out the root causes of these failures. It is also significant to realize that more and more fraud cases are detected in this era. Therefore, there is a big question that...

Words: 1405 - Pages: 6

Free Essay

Advertised Skills and Characteristics of Management Accountants

...Professional accounting bodies are also identifying the changing needs of the accounting professionals’ skill sets as a key area of future focus irrespective of what job title the accounting professionals operates under. This paper seeks to identify the key skills and characteristics of management accountants which are being looked for by employers in today’s market. Situations vacant for management accountants were surveyed. The results indicated that communication skills were advertised the most frequently, marginally ahead of technical skills. Of the Characteristics leadership was most frequently advertised. The survey in this paper confirmed the practitioners actions in situations vacant advertising are congruent with their requirements profiled as essential skills in potential employees, today’s students. Keywords: Skills, characteristics, management accountant, situations vacant, advertising. Advertised Skills and Characteristics of Management Accountants Boer (2000) discussed management accounting education and stated that cost accounting was very different from what it is today. Boer (2000) identifies that with improved technology, what management accountants computed fifty years ago is now being accessed directly on desktops by business managers. This change to management accountants has created a need for the management accountants to shift their focus to information use and presentation for specific customer’s needs. Management accounting......

Words: 4234 - Pages: 17

Premium Essay

Research in Management Accounting Innovations

...The current issue and full text archive of this journal is available at www.emeraldinsight.com/1176-6093.htm Research in management accounting innovations An overview of its recent development Nur Haiza Muhammad Zawawi Department of Accounting and Finance, University of Malaysia Terengganu, Kuala Terengganu, Malaysia and School of Accounting, La Trobe University, Melbourne, Australia, and Management accounting innovations 505 Zahirul Hoque School of Accounting, La Trobe University, Melbourne, Australia Abstract Purpose – The purpose of paper is to present a review of the literature on management accounting innovations (MAIs). Specifically, it explores recent developments in research on MAIs and offers suggestions for future research. The review differs from existing reviews by its specific focus on MAIs and the recent time period covered. In this paper, MAIs refer to the adoption of “newer” or modern forms of management accounting systems such as activity-based costing (ABC), activity-based management, time-driven ABC, target costing, and balanced scorecards. Design/methodology/approach – The paper presents a review of findings from journal articles published in 22 notable accounting journals. Findings – The review finds that research on MAIs has intensified during the period 2000-2008, with the main focus on exploring the extent to which a host of organizational and environmental factors influence the implementation and use of MAIs in organizations. In addition,......

Words: 21564 - Pages: 87

Premium Essay

Accounting Software: Boon or Bane

...De La Salle Lipa College of Business Economics, Accountancy, and Management Accounting Software: Boon or Bane A Term Paper Presented to Dr. Josephine Magbojos CEAS, English Department In partial Fulfillment of the Requirements for Comski2 2014 by Briones, Kristine Norien Resma, Maria Angelica F. Abstract The development of technology brought many changes in the accounting world and the development of accounting software is one of its biggest contributions. Accounting softwares are beneficial for a business and a company for it to produce a financial report faster and easier. The use of different programs for the calculations and reporting made its way to no more manual accounting which is more complicated to do. To maximize the benefits of its uses the advantages and disadvantages of these softwares must be identify before using it. Hence, with proper knowledge of its positive and negative effect, a business or an auditing firm will be able to properly utilize its functions that will then produce financial reports which are essential to the company’s economic decision making. Technology has been an integral part of everyone’s daily lives. Different machineries, gadgets, softwares, and equipment have changed the ways of living of the Filipinos. These things ease the job of a worker, helps a student do home works and research faster, and a mother do household chores. Many developed softwares that are useful for the management of the organization. Like...

Words: 2256 - Pages: 10

Premium Essay

Abc Survey in Uk

...Management Accounting Research, 2000, 11, 349–362 doi: 10.1006/mare.2000.0135 Available online at http://www.idealibrary.com on Activity-based costing in the U.K.’s largest companies: a comparison of 1994 and 1999 survey results John Innes*, Falconer Mitchell† and Donald Sinclair* This paper reviews the results of two U.K. surveys of activity-based costing (ABC) in the U.K.’s largest companies. These provide an opportunity to assess the changes that have occurred in the ABC adoption status of companies over a recent 5-year period. For the ABC users, some comparative information is provided on the nature of the ABC systems in use, their designers, the uses to which they have been put and the levels of success and importance that participants attribute to them. For the non-users, the reasons for their lack of commitment to ABC are explored. c 2000 Academic Press Key words: activity-based costing; perceptions of success; survey. 1. Introduction Activity-based cost/management (ABC)1 has now maintained a high profile status as an important management accounting innovation for well over a decade (Bjornenak and Mitchell, 1999). However, despite a strong and durable advocacy (Cooper, 1988; Cooper and Kaplan, 1991, 1992, 1998; Kaplan, 1992), several reservations have been expressed concerning (a) the substance of its practical attraction (Bjornenak, 1997; Gosselin, 1997; Malmi, 1999), i.e. that it may be a fad or fashion, engendering a bandwagon effect rather than a genuine......

Words: 7213 - Pages: 29

Free Essay

Research Proposal.

... 1. Title Opportunities with a NEU Accounting Diploma Holder 2. Statement of the problem/background of Research subject We’re studying for an Accounting Diploma and during courses a key question arises, “what could we do with that Diploma in the future?” Hearing opinions from a lecturer about Accounting - an “impossible-to-be-rich” job, discussing with friends how boring an accountant get, all of those have cast a shadow on our believe in a promising career prospect. Therefore, we decided to carry out a research to answer that question. We will conduct our survey within a group of 80 people which includes undergraduated students, graduated students and lecturers in Faculty of Accounting. 3. Theoretical framework. - Question Answered on Accounting Career by Caitlind Alexander - Careers in Accounting ,4th Ed. By Gloria Gaylord - Vault Career Guide to Accouting By Jason Alba - Accouting Jobs Worldwide By Ian Collier - “Ngành Kế toán học,làm gì?”, Đỗ Hợp, Tienphong Online, 06/02/2011 - Other academic resources. 4. Rational/Purpose of the research. As I have mentioned above, every year, there are lots of Accounting faculty students. Nonetheless, not all of them comprehend exactly their opportunities. Undergraduated students, of course, also wonder about that. Our goal is to provide a fully look of Accounting Diploma Holders for our friends. Furthermore, the research will make my friends who are Accounting students have stronger beliefs in their......

Words: 501 - Pages: 3

Premium Essay

Abc System

...II. PREVIOUS RESEARCH In this section, selected ABC implementation empirical 144 Abstract—In today’s advanced manufacturing and competitive environment, accurate costing information is crucial for all the kinds of businesses, such as manufacturing firms, merchandizing firms, and service firms. Argued to be superior to the traditional volume-based costing system, Activity-Based Costing system (ABC) has increasingly attracted the attention of practitioners and researchers alike as one of the strategic tools to aid managers for better decision making. The benefits of ABC system and its impacts on companies’ performance have motivated numerous empirical studies on ABC system and it is considered as one of the most-researched management accounting areas in developed countries. Previous research on ABC have examined pertinent issues related to ABC implementation such as the levels of ABC adoption in various countries, the reasons for implementing ABC, the problems related to ABC and the critical success factors influencing ABC. This paper reviews the research on ABC carried out within the last decade, from 1995-2008, and from the review research gaps are identified. Specifically, this paper examines the selection of factors influencing successful ABC implementation, variables used by previous research and the definitions and operationalization of the variables. The review reveals that past research concentrated mainly on behavioral, organizational, and technical variables as the...

Words: 6138 - Pages: 25

Premium Essay

Factors Influencing Activitybased Costing Success: a Research Framework

...II. PREVIOUS RESEARCH In this section, selected ABC implementation empirical 144 Abstract—In today’s advanced manufacturing and competitive environment, accurate costing information is crucial for all the kinds of businesses, such as manufacturing firms, merchandizing firms, and service firms. Argued to be superior to the traditional volume-based costing system, Activity-Based Costing system (ABC) has increasingly attracted the attention of practitioners and researchers alike as one of the strategic tools to aid managers for better decision making. The benefits of ABC system and its impacts on companies’ performance have motivated numerous empirical studies on ABC system and it is considered as one of the most-researched management accounting areas in developed countries. Previous research on ABC have examined pertinent issues related to ABC implementation such as the levels of ABC adoption in various countries, the reasons for implementing ABC, the problems related to ABC and the critical success factors influencing ABC. This paper reviews the research on ABC carried out within the last decade, from 1995-2008, and from the review research gaps are identified. Specifically, this paper examines the selection of factors influencing successful ABC implementation, variables used by previous research and the definitions and operationalization of the variables. The review reveals that past research concentrated mainly on behavioral, organizational, and technical variables as the...

Words: 6138 - Pages: 25

Premium Essay

Strategic Management Accounting

...Strategic management accounting: how far have we come in 25 years? Kim Langfield-Smith Monash University, Melbourne, Australia Abstract Purpose – The purpose of this paper is to provide a review of the origins of strategic management accounting and to assess the extent of adoption and “success” of strategic management accounting (SMA). Design/methodology/approach – Empirical papers which have directly researched SMA and prior review papers of the adoption and implementation of SMA or SMA techniques are reviewed. As well as assessing the extent of adoption of SMA and the reasons underlying an apparent low adoption rate, the role of accountants in adopting and implementing SMA is considered. Finally, the success or otherwise of SMA is discussed. Findings – SMA or SMA techniques have not been adopted widely, nor is the term SMA widely understood or used. However, aspects of SMA have had an impact, influencing the thinking and language of business, and the way in which we undertake various business processes. These issues cut across the wider domain of management, and are not just the province of management accountants. Research limitations/implications – There is limited value in conducting future surveys of the adoption and implementation of SMA or SMA techniques. Rather, the focus should be on how SMA-inspired techniques and processes diffuse into general practice within organizations. Originality/value – Twenty-five years after the term strategic management accounting was......

Words: 13437 - Pages: 54

Premium Essay

Auditor

...Association of Accountants and Financial Professionals in Business 2015 Global Salary Survey 2015 Global Salary Survey About IMA® IMA®, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) program, continuing education, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 80,000 members in 140 countries and 300 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe, and Middle East/Africa. For more information about IMA, please visit www.imanet.org. © March 2016 Institute of Management Accountants 10 Paragon Drive, Suite 1 Montvale, NJ, 07645 www.imanet.org/thought_leadership 2015 Global Salary Survey 2 www.imanet.org/salary_survey 2015 Global Salary Survey About the Author Kip Krumwiede, CMA, CPA, Ph.D., is the director of research for IMA. Kip received his Master of Accounting degree from Brigham Young University and his Ph.D. from the University of Tennessee. Prior to joining IMA, Kip spent 18 years as a management accounting professor at Brigham Young University, Boise State University, and University of......

Words: 7143 - Pages: 29

Free Essay

Accounting Industry Analysis

...Sector and Industry Information and Geographic Scope The sector is professional, scientific, and technical services and the industry is accounting services. The NAICS codes are 54 and 54121 respectively. Other associated NAICS codes include 541211 Offices of Certified Public Accounts, 541213 Tax Preparation Services, 541214 Payroll Services, and 541219 Other Accounting Services. For the purposes of this paper, all three industries will be discussed as a whole and referred to as accounting services since all of these are possible career choices for those with an accounting degree. There is a direct correlation between the number of establishments and the population disbursement. Typically the greater the population density, the greater number of firms. One exception is the Mid-Atlantic region which is comprised of New York, Pennsylvania, Ohio, and New Jersey. Here 25.5% of revenues are generated with only 15.3% of the establishments earning the revenue. This is due to the large number of major finance companies and the strong presence of the big 4 firms which include Deloitte, Ernst & Young, PricewaterhouseCoopers, and KPMG (Morea, “Accounting Services..”). Sector and Industry Background The professional, scientific, and technical services sector is comprised of intangibles, also known as services. Service industries are proven to have a prominent impact on economies of more developed countries. Approximately two-thirds of the United States economic activities...

Words: 2250 - Pages: 9

Premium Essay

Annotated

...Saravanan (2007) conducted a survey to identify some current issues in the environmental management system (EMS). Then, Seetharaman et al. built an environmental accounting (EA) research model in manufacturing industry to determine and establish the monitoring and measurement in the environmental accounting system. In their first study, the findings of survey showed that there existed three main issues in the EMS, namely: - Lack of environmental awareness: 68% of companies underestimated their business impact to the environment. - Lack of perceived benefit: only 50% of companies believed that investment in environmental initiative would offer them some benefits. - Lack of government pressure In their second study, the EA research model provided the four main environmental parameters--air emission, water, land and noise pollutions, which can help to monitor and evaluate organization’s commitment to environmentally sustainable forms of business activity. Overall speaking, this journal article clarify that through reduction in cost, compliance with environmental legislation, and improving corporate image, etc., organization can developed sustainability via using environmental management system, and environmental accounting can underpin the system as it can track environmental performance of organizations’ in more measurable manner. However, there exist some limitations in the research report. Firstly, the journal article was released in Malaysia. The survey samples and......

Words: 2216 - Pages: 9