Date of Award
The following thesis is a comprehensive overview of financial accounting concepts. Publicly-trade companies have to follow certain accounting standards, and the concepts that arise have real-world significance. The purpose of this thesis was to gain a better understanding of these underlying concepts and see how they impact the decision-making processes of companies. These concepts are not uniformly applied to all companies, meaning that accountants have to design unique accounting systems within each company. The goal for accountants is to produce a set of financial statements that are free from material misstatements that can be used by investors. Each section of this thesis contains a different case, with each case being based around a certain financial accounting concept. As a result of completing this thesis, I have a better understanding of how the concepts we learned in class apply in real-world situations, which improves my overall understanding of the role of accounting in the modern economy.
Ramsey, E. Dean, "A Comprehensive Review of Accounting through Case Studies" (2018). Honors Theses. 273.