Accounting Assignment Help | Do My Accounting Assignment

All Assignment Experts is the trusted and most popular accounting assignment help provider.  As accounting is vital to understand the health of any organization, the subject is taught to all finance and management professionals regardless of their specializations. Accounts also are one of the challenging topics that a student might deal with in his or her instructional curriculum. College students enrolled in accounts-related curriculums regularly have to read annual reports, and balance sheets and then calculate financial ratios to determine the health of any company and many students find it challenging to make sense of these numbers. If you are struggling with accounting projects then you can seek accounting assignment help and accounting homework help from our experts.

What Is Accounting?

Accounting is popularly considered and diagnosed as ‘the regular language of businesses. Sound know-how in the area of accounting allows people to keep track of, analyze and summarize all financial transactions of their commercial enterprise thereby making informed choices. Accounting can be defined as the recording of transactions of any business along with storing, sorting and summarising the monthly, quarterly and yearly results. Accounting can be divided into 2 categories:

• Financial Accounting – It deals with presenting information in formats like balance sheets and income statements. It is concerned with the education of monetary statements for choice makers, inclusive of stockholders, suppliers, banks, employees, authorities businesses, owners, and other stakeholders. These financial reviews—including the income declaration, the balance sheet, and the announcement of cash flows—summarize an organization’s past overall performance and compare its economic fitness.
• Management Accounting – This helps the management of the company to take informed decisions based on historic data and forecasts for revenue and profit growth. Management accounting plays a key position in assisting managers to carry out their responsibilities. Reports are tailor-made to the wishes of character managers, and the cause of such reports is to supply applicable, correct, timely records in a layout to be able to aid managers in making choices. In preparing, studying, and speaking such records, accountants work with people from all of the practical areas of the organization—human resources, operations, advertising and marketing, and finance.

 

7 Most Important Accounting formulas

Listed below are 7 accounting formulas that every accountant should know.

1. Assets = Liability + Owner’s Equity
2. Net Income = Revenues – Expenses
3. Debt-to-Equity Ratio = Total Liabilities / Total Equity
4. Profit Margin = Net Income / Sales
5. Cost of Goods Sold = Cost of Materials/Inventory – Cost of Outputs
6. Break-Even Volume = Fixed Costs / Sales Price – Variable Cost Per Unit
7. Cash Ratio = Cash / Current Liabilities

 

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Learn Fundamental Concepts Of Accounting

Accounting offers with it three main areas which are: Income and expenses of the enterprise, Adjustments in the cash flow or proprietors’ equity and the Universal financial health of the employer. If you want help with accounting assignments, then the below explanation on accounting statements will help you clear most of your doubts.

 

Income statement

An assertion that measures the economic performance of an organization over a specific period of time is called the income statement or the earnings and loss statement. Our accounting assignment help experts make positive counter with no issues with economic statements.

Accounting offers with it three main areas which are:

• Working income: Our accounting assignment experts explain that this part deals with buyers and shareholders who are extraordinarily inquisitive about this portion of the statement since it reveals facts about the everyday commercial enterprise operations of the company.

• Non-working income: you can acquire greater know-how on non-working profits from our accounting homework help. It explains the sales and charges that aren't related to the direct operations of the agency. They are known as non-operating profits of the business enterprise.

  Income Statement of ABC Sporting Corp. (figures are in dollars)

Revenue
Net Sales	62,000
Gross Income	22,400
Other +	80
Expenses
Cost of Sales	39,600
Selling	8,000
Gen. /Admin. Expenses	5,200
Special/Extraordinary	72
Other -	8
Net Profit
Gross Profit	62,000
Operating Profit	9,200
Pretax Profit	5,200
After-Tax Profit	4,000

In the above profits statement, the net income of the company represents the operational profits. This quantity is identical to the gross profit. However, the real profit of the agency is the income after taxes. In addition, the value of income represents the operational charges of the enterprise. The profits and expenses incurred beneath the heading ‘others’ constitute non-operational income. You could clear your doubts with accounting assignment help.

 

Cash Flow Statement

Our accounting assignment help tutors outline cash flow statements which afford the combination facts at the inflow of cash from the operational activities of the business enterprise as nicely as the entire cash outflow in the direction of all the operations and investments.

Our financial accounting help experts explain a cash flow statement as a statement that makes or reveals the changes in the cash position. As an example, ABC carrying corporation can get a big agreement of $100,000. However, the actual earnings can't be proven until a later date. As such cash flow statement is needed to show the adjustments within the fairness in accounting assignment writing. As an example, ABC wearing corporation has the following cash flow for the period of January to march, 2014.

Cash Flow
Cash flow from operations	4000 dollars
Cash flow from investing	-1000 dollars
Cash flow from financing	- 2000 dollars
Net cash flow	1000 dollars

 

Balance Sheet

The monetary declaration that summarizes the enterprise’s assets, liabilities and shareholder’s equity at a particular point in time is referred to as a balance sheet. You could take expert financial accounting assignment help from our accounting experts to get an explanation for the balance sheet by using the subsequent formula:

Assets = liabilities + shareholder’s equity

Our accounting assignment help experts give an explanation of how a balance sheet works. A balance sheet is an announcement wherein two facets balance out. An enterprise has to pay for positive such things as interests on loans, rents (liabilities) personal certain things like capital, land etc. (belongings). It could additionally accomplish that either with the aid of borrowing or getting it from shareholders (shareholder’s equity).

Here is an easy example of ABC sporting corporation. Balance sheet explained by using the accounting assignment professionals for the financial year march 2012 to march 2013.

 

Some important topics in the accounting curriculum which are used in management accounting, as well as financial accounting, are listed below:

Important Topics
Cash flow statement	Balance sheet
Income statement	Accounts receivables
IFRS	Bond basics
Activity-based costing	Unearned revenue
Managerial Accounting	Inventory valuations methods (FIFO, LIFO, Weighted average)
Amortization	Financial ratio analysis
Depreciations and its methods	Leases
GAAP Accounting	Amortization
Variance analysis	Audit report

 

Concepts That Will Help You Solve Accounting Homework & Assignments

Where can you find the accounting policies in Annual Report?
Annual reports provide valuable information on a company's financial performance and position. Accounting policies are an essential part of an annual report and detail the methods and principles used by a company to record and report its financial transactions. Accounting policies can be found in the notes to the financial statements section of the annual report.
Understanding a company's accounting policies is essential in analyzing its financial statements. It can help you understand how a company reports its revenues, expenses, assets, and liabilities, which can provide insight into its financial performance and position.

What are examples of forensic accounting?
Forensic accounting is the application of accounting principles and techniques to legal issues. Forensic accountants use accounting, auditing, and investigative skills to detect and prevent financial fraud, misappropriation of funds, and other financial crimes.
Some examples of forensic accounting include investigating white-collar crimes, analyzing financial statements for evidence of fraud or embezzlement, and tracing funds in cases of money laundering. Understanding the basics of forensic accounting can help you better analyze financial statements and detect irregularities.

What accounts are affected when a company pays cash for a manufacturing cost?
When a company pays cash for manufacturing costs, several accounts are affected. The primary accounts affected are cash and the cost of goods sold (COGS) accounts. If the company is using a perpetual inventory system, the raw materials inventory, work-in-progress inventory, and finished goods inventory accounts will also be affected.
When a company pays for manufacturing costs, it reduces its cash account and increases its COGS account. If the company is using a perpetual inventory system, it also reduces the appropriate inventory account (i.e., raw materials, work-in-progress, or finished goods).

What are the 4 source documents in accounting?
Source documents are original records of financial transactions. There are four primary source documents in accounting: invoices, receipts, checks, and purchase orders. These documents provide evidence of a transaction and help support the entries made in the accounting system.
Invoices are issued by a vendor when a purchase is made, receipts are issued when a payment is received, checks are issued when a payment is made, and purchase orders are issued when a purchase is authorized. Understanding the role of source documents in accounting is essential in maintaining accurate financial records.

How do you calculate accrued interest in accounting?
Accrued interest refers to the interest that has been earned but not yet received or recorded. In accounting, accrued interest is recorded as a current liability on the balance sheet until it is paid.
To calculate accrued interest, you need to know the interest rate, the principal amount, and the number of days the interest is being accrued. The formula to calculate accrued interest is:

Accrued Interest = (Principal x Interest Rate x Days) / 365

Understanding how to calculate accrued interest is essential in preparing accurate financial statements and maintaining accurate financial records.
Some of the popular topics in Accounting on which our assignment & homework experts work on a daily basis are listed below:

Financial Accounting Theory	Capital Investment Analysis
Taxation	Financial Reporting
Management Accounting	Fundamentals of Accounting
Cost Management	Marketing Basics
Cost Accounting	Auditing and Professional Accounting
Accounting for Bills of Exchange	Microeconomics & Macroeconomics
Bank Reconciliation Statement	Management Fundamentals
Final Accounts	Professional Accounting Practice
Statement of Cash Flows	Quantitative Methods of Accounting
Accounting Ratios Analysis	Share Prices & Accounting Information
Depreciation, Provisions and Reserves	Business Strategy and Financial Statement
Financial Calculators	Intermediate Management Accounting
Financial Statements	Accountability and Auditing
Variable Costing System	Taxation Principles
Markets and Institutions	Investment Analysis
Capital Budgeting

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