Honors Theses
Date of Award
2018
Document Type
Undergraduate Thesis
Department
Accountancy
First Advisor
Victoria Dickinson
Relational Format
Dissertation/Thesis
Abstract
I researched popular topics covering all aspects of Accountancy through a series of case reports. Each case report was different and provided a different focus. It begins with a case covering a full financial analysis of two similar companies, with my opinion of which was a better investment with an explanation. This case is broad, and focuses on different aspects of financial statements. It continues with a case devoted to income statement presentations with the Financial Accounting Standards Board (FASB) Codification serving as the basis of reasoning. I then delve into a case involving a chocolate manufacturer. I record journal entries and prepare a series of financial statements with transactions specific to manufacturing. Next is the study of internal controls, where I analyze a small craft chop's areas of potential fraud while recommending ways to stop fraud. Following this case is a study of inventory accounts and I perform an investment analysis based on my interpretations of the financial statements. Next follows cases where I investigate property, plant, and equipment and also relocation expenses for two different companies. Both of these cases involve research using the FASB Codification. In my next case, I perform an analysis of stockholder's equity with two different companies with different aspects of equity. I then perform an analysis of Restricted Stock and Revenue Recognition. Both of these cases were researched using the FASB Codification. After these cases, I perform an analysis of book vs. taxable income, then an analysis of the differences between capital and operating leases. I record my interpretations and opinions and show my reasoning through ratios. This whole series of reports is comprised of financial data and accounting research I used to arrive at investment and accounting decisions.
Recommended Citation
Kemp, Thomas W., "The Fundamentals of Accounting: A Series of Case Reports" (2018). Honors Theses. 911.
https://egrove.olemiss.edu/hon_thesis/911
Accessibility Status
Searchable text