Accounting Topics We Cover
- Financial accounting: the accounting cycle, journal entries, ledgers, trial balances, adjusting entries and financial statements.
- Corporate accounting and reporting: consolidations, income tax accounting, leases, revenue recognition, impairment and financial instruments under AASB standards, IFRS or FRS 102.
- Management accounting: costing systems, activity-based costing, cost-volume-profit analysis, budgeting and variance analysis.
- Auditing and assurance: audit planning, risk assessment, internal controls, audit evidence and reporting.
- Taxation: Australian income tax, CGT, FBT and GST, or UK income tax, corporation tax, CGT, National Insurance and VAT.
- Accounting information systems: MYOB, Xero, Sage, QuickBooks, practice sets and internal control design.
- Accounting theory and ethics: conceptual framework, positive accounting theory and professional ethics.
- Financial statement analysis: ratios, trends and commentary.
Getting the Accounting Cycle Right
First-year accounting tasks often follow the full cycle: recording transactions, posting to ledgers, preparing a trial balance, making adjusting entries for accruals, prepayments, depreciation and inventory, preparing financial statements and closing entries. Our experts complete each step in order, with clear working, so you can see how each transaction flows through to the final statements.
Applying the Accounting Standards
Upper-level accounting tasks require you to apply specific standards. In Australia these include AASB 15 Revenue from Contracts with Customers, AASB 16 Leases, AASB 112 Income Taxes and AASB 10 Consolidated Financial Statements, available free from the Australian Accounting Standards Board. UK modules use the matching IFRS 15, IFRS 16, IAS 12 and IFRS 10, or the relevant sections of FRS 102 for smaller entities. Your expert identifies the relevant standard, explains the treatment required and shows the journal entries and disclosures.
Management Accounting Decisions
Management accounting tasks ask you to support decisions: whether to make or buy a component, which products to prioritise, whether to accept a special order or how to set a budget. Your expert calculates the relevant costs and explains qualitative factors, such as quality, capacity and supplier relationships, that should also shape the decision.
Auditing
Audit assignments are often case-based. Your expert identifies inherent and control risks, links them to financial statement assertions, recommends audit procedures and evaluates evidence, using Australian Auditing Standards or the International Standards on Auditing (UK), and professional ethics requirements.
Taxation
Tax assignments test your ability to apply legislation to a client's situation. Your expert works through each issue, cites the relevant legislation and guidance, calculates tax payable and explains the reasoning clearly. For Australia that means the Income Tax Assessment Acts and ATO rulings, with the Australian Taxation Office website for current rates. For the UK it means the Income Tax Acts, the Corporation Tax Act 2009 and HMRC guidance and manuals.
Practice Sets and Software
Many units use practice sets in MYOB, Xero or online platforms. Your expert can help you understand the transactions, enter them correctly, reconcile accounts and produce reports, explaining any errors along the way.
Writing About Accounting
Accounting theory and ethics units involve essays rather than calculations. Your expert builds a clear argument using the conceptual framework, accounting theories and academic research, referenced in your required style.
Common Mistakes
- Recording transactions in the wrong period.
- Confusing capital and revenue expenditure.
- Missing adjusting entries for accruals and prepayments.
- Presenting statements in an outdated format.
- Explaining a treatment without citing the standard.
Ethics and Professional Judgement
Accounting is a profession built on trust, and many units now assess ethical reasoning alongside technical skill. Case questions may involve pressure to meet earnings targets, conflicts of interest, independence threats in auditing or aggressive tax planning. Your expert analyses these situations using the professional code of ethics for accountants in your country, such as the APES 110 code in Australia or the ICAEW and ACCA codes in the UK, identifies the threats to fundamental principles and recommends safeguards. This kind of analysis shows the professional judgement that employers and professional bodies value.
Using the Model Answer
Rework the problem yourself using the model as a check, step by step. Where your answer differs, trace the entry back to its source. Please use our work as a learning resource, in line with our fair use policy.
Price and Timeline
Short problem sets can be ready in one to two days, and full statements, consolidations or reports in three to five. Send your task for a fixed price within 30 minutes.
Consolidations Made Clearer
Consolidation is one of the most feared topics in corporate accounting. Students must eliminate the investment in a subsidiary, recognise goodwill or a gain on bargain purchase, remove intragroup transactions and calculate non-controlling interests, often across several years. Your expert sets out a consolidation worksheet with each elimination entry explained, so you can see why each adjustment is needed. Tax-effect entries and unrealised profits in inventory are shown separately, because these are where most errors occur.
Sustainability Reporting
Companies in Australia and the UK are moving towards mandatory climate-related financial disclosures, based on the ISSB sustainability standards. Newer accounting units ask students to discuss these requirements, the role of the AASB or the UK's sustainability reporting standards, and how sustainability information connects to financial statements. Your expert covers these developments accurately and explains their implications for preparers, auditors and users of financial reports.