Assignments are indispensable in academics. Whether it’s arts or accounting, you will have to contend with them and try your best to score well in every one of them.
Now, if we talk about scoring well in accounting assignments, one vital thing to keep in mind is the assignment structure. Professional accounting assignment help experts consider assignment structures to be an oft-ignored but crucial aspect of assignment writing. Poor structure, lack of cohesion & smooth transitions, wrong formatting, and the like are the bane of any good assignment, be it on arts or accounting.
This article offers some handy insights and tips from professional subject matter experts. Follow these steps to structure an accounting assignment in the best way.
How to Structure Your Accounting Assignments Right?
Accounting is a vast and complex subject. Thousands of students pay for assignments from reputed academic services like MyAssignmentHelp to tackle the myriad of theories, concepts, formulas, rules, and the like. Accounting assignments can be of different kinds, with students having to draft different kinds of essays, case studies, balance sheets, different kinds of financial statements, and more. Structures vary from one assignment to another, and it is quite unfeasible to look at each & every kind of assignment structure in such a short article.
A close and minute look at different kinds of accounting assignment tasks reveals certain common structural features among them all. Be it a case study, an essay, or a forensic financial audit report, all accounting assignments comprise the following structural elements →
Title
- The title of your assignments, your name, course & institutional credentials, instructor names, submission dates, etc., appear here.
- Standard font styles are Times New Roman, Arial, Calibri, and Cambria.
- Do not use font size more than 14 on the title page.
The Table of Contents
Be sure to tally all page numbers when working on your table of contents. Align everything correctly. Recheck after listing everything.
Introduction
- This is one of the most important elements in any kind of accounting assignment.
- Make sure to keep things eloquent and cohesive throughout.
- Start broad and then narrow your focus to the topic of your assignment.
- Provide sufficient background information.
- Offer a glimpse of your approach, methodology, and what readers can expect from your answers, arguments, & analysis.
The Main Body
This is where you present your ideas, investigations, and insights.
- Follow all instructions and guidelines carefully.
- Use headers, sub-headers, and pointers for better clarity & organization.
- Keep your paragraphs concise. Start each with a topic sentence.
- Make sure there are sufficient transitions between every paragraph and every sub-section.
- Financial statements and their tables can be quite tricky. Check and re-check everything, as one error can cost you heavily.
- If you are working on theses & dissertations, then you will have to pay careful attention to each & every chapter.
- Literature review chapters must contain critical summaries of relevant work.
- Methodology chapters must provide explanations as well as firm justifications for approaches & methods chosen for research & analysis.
- When presenting analyses & discussions, add explanations, mention concepts utilised, and add the financial statements & tables.
- Highlight answers and key findings. Relate everything to the assignment questions and problems.
Conclusion
- Summarise the main points of your answers. That includes every argument, numerical solutions, results from balance sheets, profit & loss statements, etc.
- Link your answers to the questions and constraints of the assignment.
- Do not forget to mention any assumptions or limitations of your chosen approaches.
The above pointers highlight the best practices to boost the structural & overall clarity of any kind of accounting assignment. Whatever kind of task you have to work on, the info above will come in handy for everything.
We wrap things up with some expert tips on improving accounting statements.
Tips to Improve Your Financial Statement Structure
- Be aware of the financial periods for which you are gathering information.
- Determine whether you need to present a monthly or yearly statement.
- Collate and organise all necessary data beforehand.
- Create multiple drafts of every financial statement.
- When crafting income statements for a company, keep these in mind:
- List all the money coming in from all the goods, services, investments, etc. That’s the revenue.
- Determine the cost of goods/services sold.
- Subtracting revenue from costs reveals the gross profits.
- List all the different kinds of regular or operating costs, such as utility bills, rent, salaries, etc.
- Deducting operating costs from revenue gives the operating profit.
- Note all taxes, interests, restructuring expenses, etc. These are non-operating expenses.
- Subtracting non-operating expenses from operating profit reveals the company’s net earnings.
Well, that’s about it for this write-up. Hope this was an interesting and informative read for everyone. Scoring well in accounting assignments requires some serious effort and lots of diligent studying. Give it your all and, if need be, get some expert aid from a reputed academic service provider.
All the best!
