Accounting Essay Definition
What is an Accounting Essay? To begin with, an Accounting Essay explores topics related to accounting. If you don’t know how to write an Accounting Essay, it should include the following characteristics:
- Evidence-based and well-researched content, which serves as solid background for the Accounting Essay’s statement.
- Logical structure, as your Accounting Essay would be filled with numbers.
- An Accounting Essay should be written in a concise manner.
Remember that an Accounting Assignment is more than just a summary of trends and description of accounting information. It also needs to depict analysis and interpretation of the topic.
Accounting Essay Pre-writing tips
Evaluate task requirements
For students who aren’t really good with numbers, you should carefully evaluate and analyze task requirements before working on your Accounting Essay. Make sure to analyze these components when reading the requirements:
Topic
- What area of accounting are you going to analyze?
- Are there any accounting theories and frameworks that need to be explored?
- Are there any specific arguments you need to refute or support?
Question
- Identify the core problem of your accounting assignment.
- Are there any sub-questions that need to be addressed?
Thesis statement
- After you have carefully analyzed the question and topic, formulate a concise thesis statement based on your findings.
- The thesis statement needs to outline your argument and address the research question.
Format
- What are the requirements for formatting from your institutions?
- Make sure that you understand the required structure, headings, margins, spacing, font size…
Sources
- What kind of sources are appropriate for an accounting assignment?
- Have your resources responded to the Financial Reporting Standard (FRS) and International Accounting Standards (IAS)?
Citation formatting styles
Proper citation would help your paper avoid plagiarism and academic misconduct. Ensure that you follow the guidelines and formatting requirements of your institutions.
By evaluating the requirements of your Accounting Essay, writers can ensure that they will meet the demands and criteria of instructors and their institutions. Also, you can plan and organize your paper more effectively.
Analyze pre-writing requirements
Before writing your Accounting Essay, students should ask themselves questions about their Accounting Assignment’s requirements. For example, you can wonder: “What does my instructor expect in this paper?”, “When is the due date of my assignment?”
Basic structure of an Accounting Assignment
Acknowledging the Accounting Essay structure can help you prepare your arguments and ideas in a coherent manner. A common Accounting Assignment should incorporate the following parts:
Introduction
A well-structured introduction of an Accounting essay should include these two important parts:
- Background sentence: Briefly explain the context of your essay. Students can include the key concepts or relevant financial statements relating to the accounting issues that you are going to address.
- Thesis statement: Concisely provide a thesis statement to inform readers on the direction of your paper. Remember to properly write this as this is the heart of your Accounting essay.
Your introduction is like a grand entrance of your essay and it would leave the first impression on readers. Make sure to write a well-structured and compelling introductory paragraph.
Main body
Moving on to the main body, this part should properly analyze the main accounting issues of your paper. A well-developed body should include:
- Analysis: Students have to interpret and analyze accounting concepts or trends, data to draw logical conclusions.
- Calculations: Depending on the topic of your accounting essay, you should include calculations in your paper. This can involve using formulas or calculating ratios.
- Interpretation: Don’t just present concepts and numbers, students also have to interpret their findings. Remember that your findings and the usage of numbers in your paper must align to the standard Accounting Ethics code.
- Recommendations: Based on the analysis and calculations, you can propose relevant recommendations. Your suggestions should follow the SMART goals. Make it specific, feasible, and relevant to the rest of your essay.
Conclusion
This is the summary of your Accounting Assignment. A well-structured conclusion should include:
- Summary: Cover the key points of your essay.
- Restatement of Thesis: Restate your thesis statement and briefly summarize how your analysis has supported it.
- Final Thoughts: You can suggest areas for improvement or reflect on the implications of your findings.
The main body usually includes 2-3 paragraphs. However, the number of paragraphs can change accordingly to the length of your paper.
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Steps to write an Accounting Essay
Step 1: Introductory paragraph (Introduction)
The introduction of an Accounting Essay is crucial, as it addresses the problem and identifies the audiences. The introductory paragraph of an Accounting Assignment should:
- Capture readers’ attention
- Provide background information
- Present the thesis statement of your paper
Finally, you can provide a brief summary of your Accounting Assignment’s structure. This can help readers understand how you’re going to develop and support your thesis statement.
Step 2: Creating outline and planning resources
After writing an introduction presenting your thesis statement, let’s move on to create the outline and plan resources. A well-written essay plan will make sure to refer all relevant subject areas, including:
- Financial Reporting Standard (FRS)
- Accounting concepts
- International Accounting Standards (IAS)
Students need to ensure that all the concepts and terms must be relevant to your Accounting Assignment. They must also be well referenced and referred.
At this stage, the writer should have already gathered the necessary documents for their Accounting Essay. The number and the quality of the resources used can determine the credibility of your paper. Students can consider the following types of documentation:
- Academic journals
- Technical accountancy publications
- Accountancy research websites
- E-book
- Primary and secondary research
Remember to evaluate the credibility and accuracy of the collected resources before applying them in your work. Avoid documents that are outdated or biased
Step 3: Analysis/Calculation
The next stage of an Accounting Essay is Analysis/Calculation, and this is the most important part. Analysis stage doesn’t involve just basic calculations. The writers also need to analyze different accounting treatments being discussed.
Also, not all Accounting Papers require calculation. Some of them are purely theoretical and only demand discussion and understanding of fundamental concepts.
Step 4: Conclusion
Conclusion is the last part of your Accounting Assignment. This section must summarize the discussion mentioned in the previous parts and highlights the main findings. Often, Conclusion can also be used to express the writers’ opinions and recommendations.
Appropriate language
Depending on the topic and the purpose of your Accounting Assignment, the language and style of writing would differ.
For example, if the task requirement involves analysis of basic accounting concepts. Then make sure to use simple language and avoid complex accounting terminology
Proofreading
Many students skip this process, but proofreading can really help to enhance your paper. A quick re-reading can help you scan for any grammatical or spelling errors in your paper.
Also, proofreading allows students to assess whether their Accounting Assignment is coherent enough. And whether they have properly addressed the objectives in the introduction.
Careful with numbers on your accounting assignment
Besides writing style and language usage, numbers are a crucial factor in an Accounting Essay. Make sure to use the same number formatting style throughout your essay. You can also consider using visual presentations such as charts and graphs to display complex numbers.
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MAAS Introduction
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Reference
- Palmer, B. (2022) What are International Financial Reporting Standards (IFRS)?, Investopedia. Available at: https://www.investopedia.com/terms/i/ifrs.asp (Accessed: 10 January 2024).
- Duska, R.F., Duska, B.S. and Kury, K.W. (2018) Accounting Ethics. 3rd edn. Oxford: Blackwell Publishing Ltd. Available at: https://books.google.com/books?hl=en&lr=&id=-WhvDwAAQBAJ&oi=fnd&pg=PR7&dq=accounting+ethics&ots=oetptwR5PE&sig=YmdpKQ0M9klX_u9rPDMB_re8G1I (Accessed: 10 January 2024).
