The Application of Accounting Concepts Through Case Studies

Hamilton, Olivia (2019) The Application of Accounting Concepts Through Case Studies. Undergraduate thesis, under the direction of Victoria Dickinson from School of Accountancy, University of Mississippi.

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Abstract

My thesis addresses several important concepts of accounting principles. These concepts are explored through twelve different case studies that each help address a specific topic. The topics cover the treatment of items such as accounts receivables, property, plant, and equipment, long-term debt, shareholder’s equity, marketable securities, deferred income taxes, and revenue recognition rules. The methods used to complete these cases was to take the information I learned in class as well as reference my textbooks. It helped me to understand what the questions were asking and therefore the corresponding solutions. For each case, I had to search through each company’s financial statements to discover the significances of what was being reported. An important aspect of combing through the financial statements was to carefully read the notes to the financial statements. The notes held the most crucial information to answer the questions presented in the cases. Working through all of these cases taught me real-world uses of the information I was learning in all of my accounting classes. These practical applications were helpful because it taught me further how to take the information and apply it to the questions being asked. This thesis is set to explore several highly important and relative accounting concepts that benefited me greatly in my education and my real-life experiences as an intern in the tax practice of public accounting. �

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