Honors Theses
Date of Award
2019
Document Type
Undergraduate Thesis
Department
Accountancy
First Advisor
Victoria Dickinson
Relational Format
Dissertation/Thesis
Abstract
The thesis constitutes a comprehensive analysis of various cases in financial accounting. The topics included investment decisions, income statement, property, plant, and equipment valuation, accounts receivable, allowance for doubtful accounts, research and development, data analysis, interest bonds, stock and dividends, securities, income taxes, and revenue recognition. The GAAP standards for the subjects include many options that can be used, and accounting will be significantly different dependent on the choice the firm will make. The research highlighted the respective differences in the methods and thoroughly explained the reasonings behind the chosen methods in cases. Topics were investigated over the course of two semesters, while attending a special course led by Dr. Victoria Dickinson. Each case discusses a topic by using different public companies as an example, which provides us with necessary background information to critically assess the situation and to explain the underlying concepts to reasonably informed user. The cases required different means of information gathering, but generally included references to the available textbooks and books, as well as web sources and data bases available through the university library. The data gathered assisted in the case analysis and helped to understand more in the area of financial reporting. We were encouraged to use codification, laws, and ratios to assist in the analysis. The case studies inspired us to acquire more knowledge on different topics and gain some expertise in the application of concepts. From case to case it can be clearly deduced how important is to understand the basics of each topic to be able to navigate through more advanced topics in our college career.
Recommended Citation
Lapayeva, Anna, "A Comprehensive Analysis of Cases in Financial Accounting" (2019). Honors Theses. 995.
https://egrove.olemiss.edu/hon_thesis/995
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