Honors Theses

Date of Award

Spring 5-9-2020

Document Type

Undergraduate Thesis

Department

Accountancy

First Advisor

Victoria Dickinson

Relational Format

Dissertation/Thesis

Abstract

Accountancy attempts to capture and record business activities with a treatment as reflective of economic realities as possible. The dynamic nature of the business world results in accounting standards being an evolving set of rules with various considerations necessary. The case studies examined for the purpose of this thesis looked into many of these considerations to exemplify how the field of accounting manages to recognize and manage complicated business transactions. For the purposes of gathering cases, case studies were sourced from academia from the University of Mississippi as well as other institutions. The dissection of the case studies provided a deeper and broader insight into how accountants work to develop coherent and representative solutions in accounting for particularly complex business issues, such as the recording of liabilities pending litigation after an oil spill or the valuation of goodwill for company brands. Ultimately, the conclusions reached highlight the challenging but necessary processes that inform accounting standards.

Creative Commons License

Creative Commons Attribution 4.0 License
This work is licensed under a Creative Commons Attribution 4.0 License.

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Accounting Commons

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