Blog Post - Contemporary Issues Faced By Accounting In The Modern Era

Introduction

Accounting is an art of recording, classifying and summarizing of transactions which are of financial character in a signified manner and to interpret the results thereof. In the present era since the past few years, modern accounting is facing several issues. In given below a brief account of the contemporary issues in accounting in the modern era is provided.

Ethical and Stewardship

The accounting is nervous regarding the ethical issues that have to be raised on a regular basis. The ethical stewardship explains that the Leaders of firms such as Chief Financial Officer, Director Finance and the Chief Executive Officer have the responsibility to perform their job errands with their best possible efforts. If the leaders of a company perform their job errands in the best possible way so the business will conduct its business operations in an effective way.

Issues in Current Accounting Policies and Principles

Hoogervorst (2014) argues that the cause of the issue in contemporary accounting policies and principles stays on the moral hazards of financial markets all over the world. The capital market and financial market are rife with agency issues. Consequently, the external auditors of the firm and the accounting professionals utilize the gaps to commit material misstatement in the financial statements of the firm. The lackness of transparency of accounting information and fraudulent activities is a curse that is abolishing the capital markets. The present financial crunch offers insights to the stock market boom and the financial institutions. Therefore, the accounting reporting standards need transparency, quality as well as the comparable financial data.

Besides these, there are several other issues faced by accounting in the present era. Prime Assignment conducted thorough research work in this domain since the past few years. Once we received accounting help request from our customers so we will contact our clients instantly and remains in touch with them till the final submission of the assignments of the clients.

Political and Economic Ties

Accounting is a technology that could be relatively easily borrowed from any country or put into practice in any country all over the globe. By means of political as well as economic links, the rules of accounting have been transformed from one country to the other country.

How It Works

01

Click the order button which is placed right top corner and completely fill it. Carefully write every requirement.

02

When you made the payment, an experienced writer will be assigned to you who is relevant to your requirement.

03

When your order has completed, the content will be sent to the QA department to analyze the paper from every aspect.

04

When we satisfy with the overall content and make sure that the paper don’t have any error then we send it to you.

Why Choose Us

Unmatched quality

We always provide high-quality original papers to your requirements

Secure payment

No prepayment! Release the money only after you approve the order

On-time Results

Your paper will be delivered with the smallest time frames

Customer Care

Our 24/7 friendly customer support team is always there to answer your questions

PLACE YOUR ORDER NOW

Testimonials

More Testimonials

Copyright © 2013 - 2019 Prime Assignment | All Rights Reserved.

Live Chat