Accounting Finance Assignment Help
Universities in Australia, the UK, the USA, and Canada, among others, offer various programs on financial accounting. Thousands of students seek admission in these universities to pursue accounting finance-related courses. However, the problem arises when they have to write complicated assignments and prepare projects. At Statistics Assignment Experts, we provide students with a top-class accounting finance assignment help.
Our service is in a class of its own and covers an array of statistics and mathematical applications. We know that grasping the basics of this subject can be a daunting task. Hence, we have hired professionals to offer you proper guidance and compose a meticulous solution.
Our area of expertise include the following topics:
- Financial accounting: Role, nature, scope, and limitations of accounting conventions
- Regulatory accounting framework
- Legal and economic considerations including elements of taxation
- Financial statements: Construction, use, and interpretation
- Group accounting
- Managerial Accounting: The design, use, and role of accounting information in the management of organizational activities
- Excel assignment help
- Statistical Sleuthing Through Linear Models
- Probability distributions – Normal
- Binomial, Poisson, Hyper geometric
- Measures of Dispersion- Standard deviation
- Mean deviation Variance
- Probability and Measure
- Costing and budgeting
- Financial system and flow of funds
- The financial decisions of firms, capital budgeting. The 2007-2009 global financial turmoil
What is financial accounting?
Financial accounting is the process of recording, summarizing, and reporting business transactions over a period of time. Business transactions are usually summarized through preparing financial statements such as income statements, balance sheets, and cash flow statements. These statements rate the operating performance of the company within a specific period.
Accrual method versus cash method
These are the two methods applied in financial accounting. Accountants can use either one of these methods or a combination of the two. In the accrual method, accountants record transactions when they occur, and the revenue is recognizable. On the other hand, the cash method involves recording transactions when cash exchange hands. The accounting professionals using the cash method only record revenues when the receipt of payment has been received. Additionally, expenses are recorded upon the payment of the obligation.
The assignment professionals at Statisticsassignmentexperts.com are knowledgeable about all these concepts. They can assist you with recording transactions and performing the necessary calculations. Avail of our accounting assignment help for exceptional solutions.
The role of statistics in accounting
Accounting and statistics are both used as tools for strategic decision making. Accountants have to adopt statistical methods when they have to make decisions concerning marginal, standard, and average. From this, it is crystal clear that statistics plays an indispensable role in recording, summarizing, and reporting of accounting information. Financial accountants can use tools such as pie charts, histograms, graphs, etc. to communicate financial information to stakeholders effectively. Also, trend analysis, a trendy concept in statistics, can be used for budgeting predictions. Additionally, accounting professionals have also adopted distributions like the t and z in their work.
How accountants in various fields use statistics to accomplish their professional duties
- Forensic accountants
Financial fraud is a common crime in organizations worldwide. Forensic accountants are tasked with preventing fraud and finding the culprits responsible using the pieces of evidence left behind. These guys use statistical methods to study and analyze financial instruments that may be used to commit financial fraud. Forensic accountants have to be well-versed with advanced statistical principles. The knowledge is vital in estimating correctly whether the valuation of the risk associated with the financial instruments was appropriate.
Controllers are responsible for all the operations of the company. Their main work is to generate financial forecasts, perform cost analyses, and compile budget reports. Controllers have to be knowledgeable in statistics to carry out these responsibilities and promote the success of the firm.
- Risk management accountants
Risk managers use the statistical principles of correlation and distribution when conducting a valuation. Also, they apply statistical concepts to determine the range of valuation errors. This is essential in setting the premium that is appropriate for the risk associated with a particular forecast.
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Qualities of statistics that are applied in financial accounting
This is an indication of whether you have the information in demand in your data resource. Data completeness guarantees the accuracy of the results projected.
A sufficient statistic means that there is no other statistic that can be computed from the sample. This is a common concept in descriptive statistics, which significantly depends on the assumption of data distribution form.
The biasness of a statistic can be determined by establishing the difference between the estimator’s expected value and the value of the parameter being measured. A statistics is usually considered unbiased when the mean of the sampling distribution and the expected value are equal.
How our experts can assist you with your accounting and finance assignments
- Writing your assignment from scratch
Our experts compose customized solutions from scratch. It doesn’t matter what your topic is. You can expect them to follow all your instructions and produce a paper that meets your exact needs. Our financial accounting experts are adept writers. They never copy-paste solutions from online sources or provide students with recycled papers. We assure you that the finance accounting assignment solutions you will receive from us are unique and have never been presented anywhere else.
- Assistance with the principles of financial accounting
If you are not familiar with the basic principles of accounting, you are bound to encounter hurdles when preparing your assignment. If you find yourself in this situation, do not worry anymore. Our statistics assignment helpers are here to rescue you. Sign up for our top-class service today and have your assignment written by seasoned experts.
- Help with understanding the accounting standards of your country
Our accounting homework help service can be accessed by students in Australia, the UK, Canada, the USA, Singapore, Malaysia, the Middle East, and many more. Each of these countries has their accounting standards. For example, in Australia, the accounting and reporting standards are developed by the AASB. We know that these standards keep on changing. It is for this reason that we have hired native accounting experts from most countries to assist you. Students who are not acquainted with the standards their professor has asked them to use can take our help.
- Help with finding relevant resources for your assignment
If you are facing a writer’s block and cannot find factual information for your assignment, get in touch with us. Our accounting finance professionals are research gurus. They can provide you with the necessary data and materials needed for your assignment. We will never disappoint you.
- Help you solve complicated calculations
Accounting and statistics deal with advanced mathematical concepts. Some of the formulas are complicated to comprehend. Also, there are times when your financial statements may not balance. We are here to save you from all this stress. Avail of our help with financial accounting assignment at your convenience.
Statisticsassignmentexperts.com is the number one provider of accounting finance assignment help. Check out our free samples to get an idea of what our experts can do. If you need further information regarding our services, chat with our customer representatives via our live chat facility, or send us an email at firstname.lastname@example.org.