Question

i need a research for the subject of accounting

the topic would be

1.role of corporate governance

2.adopting new technology

3.taxes

i need one of these topic for the research any help would be appreciated

Answer 1

Subject : Accounting

Role of corporate governance

Prologue

Corporate governance pertains to the system of rules businesses use to direct their decisions and justify their actions. It acts as the foundation through which corporations determine and go after their goals within the social, legal and market environment. Because the core function of accounting tasks is to track the company's financial performance, these tasks play an important role in determining how a company fulfills its corporate governance policies.

We shall have a look at 3 topics that elaborate the role of accounting in Corporate Governance :

Cash Flow Management

While accounting aids long-term corporate planning, it is also vital for making short-term decisions. Accounting helps company leaders manage money, prioritize and take concrete financial action. Through accounting, managers can see what they have available to spend and where it should go. Decisions about equipment, supplies and labor are made as a result of accounting figures. Accounting also helps corporations manage lines of credit and take stock of all their short-term financial resources. This helps them avoid unnecessary debt.

Project Planning

Accounting practices are highly effective as an instrument of corporate governance. Corporations can make advantageous and intelligent decisions about how to operate, when to expand and how much to invest in a project when management has accurate accounting data. For instance, accounting projections can show how cutbacks in employees and equipment can lead to short-term improvement in company profits but eventually will deplete the firm of much-needed human resources for future projects.

Public duties

Unlike private companies, publicly traded corporations have legal responsibilities to disclose their business practices to the outside world. Such corporations must release accurate and honest financial statements every three months, including the balance sheet, the income statement and statement of shareholders' equity. Investors use these statements to decide whether to buy shares in the corporation. Government agencies also require these statements to determine if the company is disclosing its operations fully. Accounting practices are vital in producing these important statements.

Assets Decision

Nearly every decision a corporation makes depends on the quality and accuracy of its accounting data. The data help companies manage their assets, prioritize their projects and make intelligent choices. Managers rely on accounting data to show them how much income they have, where it comes from and when they can expect to receive it. This data inform them on when and if they can hire new employees, acquire more equipment or take on more debt.