Application of Accounting Principles in a Collection of Case Studies

Kalmykova, Tamara (2018) Application of Accounting Principles in a Collection of Case Studies. Undergraduate thesis, under the direction of Victoria Dickinson from Accountancy, University of Mississippi.

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Abstract

This thesis is a compilation of case studies that I have conducted within the period of 6 months. Each case study is independent from one another. The main purpose of these case studies is to investigate complex accounting issues that are very common in real practice. In each case I did my best to understand accounting principles that are applied in a specific situation and further investigate the issue. In order to identify the problematic areas, I analyzed the facts that were given to me and then implemented solutions based on my accounting knowledge and extensive research I have conducted. The whole thesis writing process taught me to be more analytical. It also gave me a new set of skills that I used during my internship that I have done after the completion of my thesis. There is far more to accounting that it may seem like, it is more than just numbers and calculations. Accounting is a whole new world of principles and rules that one should be able to apply and understand, in order to be able to call oneself an accountant.

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