The accounting equation (Assets = Liabilities + Owners’ Equity) and financial statements are the main topics of financial accounting. The trial balance, which is usually prepared using the double-entry accounting system, forms the basis for preparing the financial statements.
Accordingly, what are the 5 basic principles of accounting?
Principles of Accounting are;
- Revenue Recognition Principle,
- Historical Cost Principle,
- Matching Principle,
- Full Disclosure Principle, and.
- Objectivity Principle.
Just so, what are the current issues in accounting? 15 Accounting Challenges and Their Solutions
- Cash Flow. …
- Financial Reporting. …
- Hiring and Retaining Talent. …
- Automation and Artificial Intelligence. …
- Upskilling. …
- Tax Law Changes. …
- Regulatory Changes & New Accounting Standards. …
- Expense Management.
Similarly, what are the trending topics in finance?
55 Trending Topics in the Field of Finance
- Security And Privacy Of Data. …
- Accelerating Focus on Digital Transformation. …
- Emergence Of FinTech Companies. …
- Building a Cognitive Side to the Business. …
- Re-thinking the Concept of Money. …
- The Public Cloud Will Become The Dominant Infrastructure Model.
What is a good accounting research question?
Financial Accounting Topics For Research
The role of finance and accounting software in reducing operational costs. Is reporting finances a good way to gain the confidence of customers? The best practices to make accounting transparent. Accounting standards and their importance in financial reporting.
Which is the best topic in finance for research?
Interesting Finance Project Ideas
- ICICI Prudential Life Insurance – The Importance of a Strong Brand Image. …
- What are Non-Performing Assets and How to Deal With Them. …
- Evaluating Portfolio and Making Investment Decisions. …
- Studying the Home Loans Indian Banks Offer. …
- Mutual Funds – What are They and Their Future.