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    MA619 Accounting Research Professional judgement

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    It is essential that you decide promptly your area of research interest which can be in ANY of the fields of Accounting, Finance or Business. The purpose of this paper was to review and critique research that examines performance measures used by various disciplines including Management Accounting. Analysis of research which examines the use of subjective and objective performance measures under different strategies revealed consistencies but also raised questions about the forms of performance measures suitable for other employee groups. Empirical research to explore how performance mea...

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    The literature review highlights the importance of professional judgment in the financial industry, here we have review and research over more than 20 articles on the topic of professional judgment. As a part of the requirement of this project, we have divided the whole literature review under the various subheadings, such importance of professional judgment, manner of application of professional judgments are as where we can only use our personal judgment instead of using the professional judgements.

    After discussing the importance and manner of professional judgment and after reviewing numbers of article and literature review over the topic of the professional judgment we can conclude that independent and professional judgment and decision essential not only in the professional life but also in personal life. While reviewing the articles on the topic of professional judgment it was observed that every system works with both the character one gives us a benefit other hurt us, but we accept the system or method or process as we are receiving more benefits than the loss which may incur on account of non-adoption of such system.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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