Examples have been provided to illustrate the calculations. How to Write a Journal Article Review Example. The article draws attention to the problem of relationships between American companies and… A student has to provide a summary of contents and evaluate what is written. While in business school, it is a common custom for professors to assign students with. It is where an accountant of a company or firm obtains an assurance for the business that there are no modifications required to be made to the financial statements of the company in question. to make it much easier for you to complete your review. After this, focus your mind to tackle and look at any monumental transactions that took place during the end of the given accounting period. If you’re looking to advance your career and become a world-class financial analyst, this library is a great place to get started. How does the company record the gains and losses following the disposal of an investment? First of all, you need to have a look at some important features that make up the core factor of your inventory analysis. This article discusses how financial innovation has revolutionized the world of business and finance but also threatened to bury the global economy. That being said, each. The main issue this article highlights is flaws with the S corporation. What criteria are being used by the company to capitalize expenditures? Business News Daily, 2013. Now, financial pressure is mounting, according to research by Leemore Dafny, Yin Wei Soon, Zoë Cullen, and Christopher Stanton. Finance Resources. Literature Review Jonathan Lieff, author of this article, holds a B.A. 1958, the S corporation is now the second most popular form of business organization. How to Conduct a Financial Review A financial review is best conducted regularly in order to have a proper tracking of the total revenue and total expenditures of the company. In the modern world, a financial article review is becoming increasingly important. Issue 3 2020. study by the Government Accountability Office (GAO), 68% of S corporation returns in. Small-business owners have delayed rent payments and other bills to protect health benefits for employees. Course Hero is not sponsored or endorsed by any college or university. Journal of Risk and Financial Management (ISSN 1911-8074; ISSN 1911-8066 for printed edition) is an international peer-reviewed open access journal on risk and financial management. Since October 2013, it is published monthly and online by MDPI. We also provide essential finance article editing services to make it much easier for you to complete your review! Use the balance sheet to review the financial condition of a business, as of a given period, by looking at how it manages its Asset, Liabilities and Equity. – How does the company determine fair values for given investments? shareholder and corporation requirements. How has the US finance industry fared post the economic recession of the past decade? First of all, we hurry to answer that famous questions of many college students about what an article review is: a summary or critique. You can then go over the financial statements of the company and see whether they harmonize with the financial reporting body or organization. CiteScore values are based on citation counts in a range of four years (e.g. Has the S corporation outlived its usefulness? The CPA Journal. Hence, for investors to continually inject their money into your company’s ventures, they need to see the financial review in order to determine whether it is safe and profitable to continually inject their money into the business. enabled the S corporation to choose their own fiscal end date, some of them choosing, year-end dates in the next calendar year, which enabled them to defer filing and paying, Congress eventually passed the Subchapter S Revenue Act, which eliminated some of. This looks excellent! The Internet allows searching for the best examples. those abuses; however, more issues with the S corporation still remain. Evidence from literature. Stancil, J. L. (2012). Financial advisors should conduct annual review meetings with their clients so that everyone is on the same page in terms of the current status, any changes, as well as future goals. Income Statement (revenues and expenses) 3. What is an article review? from Harvard Medical College, and is board certified by the American Board of Psychiatry (Ages Health Services Inc., 1996). Review of Accounting and Finance Issue(s) available: 76 – From Volume: 1 Issue: 1, to Volume: 19 Issue: 4. type of professional paper writing which demands a high level of in-depth analysis and a well-structured presentation of arguments Sample Review Report Independent Accountant’s Review Report [Appropriate Addressee] We have reviewed the accompanying financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, Cox and published by Prof. Dr. Alan Wong online in one yearly volume from 2008 until end 2012. A CPA does this by comparing changes in account balances over time, as well as by comparing related accounts. This article explains the basics of present value and future value. 1. You can also have a look at other journal entries that the company made! An article review is written for an audience who is knowledgeable in the subject matter instead of a general audience. advantages, such as being able to convert to C corporation status with little difficulty. According to the summary of the recent academic surveys held by Harvard and Yale, 80% of all authors work better if they have an example of necessary content in front of them. Lastly, check out the financial reports of the company’s accountants in order to finalize efficiently on your article review assignment. While doing your review, you need to have a look at receivables as well. After completing your business studies and obtaining a job as an accountant in a given firm, you will need to do financial article reviews for the following reasons: Here are some of the things you need to really pay attention to when writing doing a finance article analysis: Some other things that you need to have a look at include: intangible assets, notes payable and accrued expenses, long-term liabilities, contingencies and commitments, equity, as well as revenues and expenses. Are there any receivables that have been discounted, factored, or pledged? It includes examples of citations and references. Original Work Statement “I, Denedra Threatt, verify that this article review is solely my own work and creation and it has been prepared solely for credit in this class, and that this review, including the “main issue of the article” section has been written in my own words.” Article Citation Stancil, J. L. (2012). This means that the writer should analyze, compare, summarize, and classify the information presented in the text of the article. complexity and compliance were both issues with the S corporation. Open for comment; Comment(s) posted. And last but not least, what elements are included in the cost of inventory? Similarly, in a self-contained review paper, state the purpose of writing the topic. Thanks so much and please thank the writer! in $8 billion in lost tax revenues for those two years, and an estimate tax gap of $22, The GAO determined that the $22 billion tax gap was likely due to. As stated in the previous point, a financial review gets to show the balance sheet, including the snapshots of the company’s equity, assets and liabilities at the end of every financial year. You can then inquire about any events that took place after the date of having the financial statements in order to have a more polished financial review. Category: Accounting and Finance. some it was an attempt to avoid taxation, most of it was to “lack of knowledge or a, desire to maintain corporate formalities.”, One thing that the GAO made clear was that. The Blank Article Summary Template embedded below is an example of a template that can be used for any kind of article. Be specific while defining the goals of the review paper. It’s a thorough evaluation of the text of an article. All issues; EarlyCite; Volume 19. CiteScore: 3.8 ℹ CiteScore: 2019: 3.8 CiteScore measures the average citations received per peer-reviewed document published in this title. JRFM was formerly edited by Prof. Dr. Raymond A.K. Proceed to then look into the procedures of recording and further accounting transactions that the company carried out. Basic Equation of a Balance Sheet: Asset = Liability + Equity. This example of financial report offers a more panoramic view of an organization’s financial affairs, serving up elements of information covered in our daily and weekly explanations. Search. So that means that they comply entirely with the applicable financial reporting framework such as GAAP or IRES. Customer Satisfaction Still at 1970s Levels . Balance Sheet (assets, liabilities, and Shareholder’s equity) 2. - 1. Now that you have known what to look out for when doing a. , here’s a great procedure on how to get started: The first step is to carry out a ratio analysis. An analytical review is used by auditors to assess the reasonableness of account balances. A literature review. Here are several examples of analytical reviews: If sales increase by 20% during the review period, then accounts receivable should increase by a similar amount. It is where an accountant of a company or firm obtains an assurance for the business that there are no modifications required to be made to the financial statements of the company in question. Lastly, how does the company calculate investment income? Customer Satisfaction Still at 1970s Levels. If the article has a scientific nature, the author needs to evaluate the credibility of the research, check the results, and compare it to other related researches conducted on a similar topic. Get step-by-step explanations, verified by experts. After doing this, you can then have a look at the findings of the ratio analysis that appear to be most inconsistent with that of the company. An example of an engagement letter for a review of financial statements is presentedinReviewExhibitA,"IllustrativeEngagementLetter." Check out our article review samples to gain a better understanding of how to review articles yourself. CiteScore: 3.8 ℹ CiteScore: 2019: 3.8 CiteScore measures the average citations received per peer-reviewed document published in this title. These are the fundamental concepts on which the field of corporate finance rests. 2003 and 2004 were incorrectly reported, and many did not report at all. The initial problem with the S corporation is. Collaboration and Cooperation Part 1 Commitment and Professionalism Part 2 Attendance and Punctuality Part 3 Productivity and Quality of Work Part 4 Adaptability Part 5 Communication and Interpersonal Skills Part 6 Creativity and Innovation Part 7 Accountability Part 8 Customer Focus and Customer Satisfaction Part 9 Decision-Making and Problem-Solving Part 10 Dependability and … .05 An understanding with management or,if applicable,those charged withgovernancealsomayincludeothermatters,suchasthefollowing: †Feesandbillings. That being said, these cash flows are normally gained from the company investing and financing in non-operating activities. Example of journal article review is devoted to evaluate the main strengths and weaknesses of a specific article. – Reviewing the cash structure of a financial institution is quite ‘taxing’. Here are some of the things you need to really pay attention to when writing doing a. Financial management and accounting are pivotal in any organization since the success or failure of the organization depends on how the assets are managed within the organization (Accounting Schools Online, 2012) regardless of its nature whether it You need to examine how the gains and losses of the fixed assets have been adequately recorded? Finance Article Review - Week 5 - Threatt - Financial Article Review Has the S corporation outlived its usefulness Denedra Threatt MBA 655 Financial, 12 out of 12 people found this document helpful, “Has the S corporation outlived its usefulness?”, “I, Denedra Threatt, verify that this article review is solely my own work and creation and, it has been prepared solely for credit in this class, and that this review, including the, “main issue of the article” section has been written in my own words.”. Issue 4 2020. Brooks, Chad. However, its complexity is also defined by the target audience it is presented to. You can then have a look at any questions that might have arisen from other people conducting previous financial reviews and see if you can come up with solutions for the given questions. The U. S. Senate passed the Stop Student Debt Relief Scams Act, to block unauthorized access to U.S. Department of Education computer systems using a student's, parent's or borrower's FSA ID. It is this type of investment that actually results in the payback of investors’ injection of money into the firm. You can then check out what the regulatory agencies expect companies to adhere to (if they have been provided in your assignment or through your own personal research). proposed four recommendations on how to improve those issues; however, they were, According to the author of the article, Stancil, “the current situation with regard to the S, While he agrees that the S corporation does have. Many companies usually have more than one capital provider, creditor, and investor. It provides potential readers with description and analysis, creates a specific interpretation, giving the insight into the focus of the article. For example, derivatives can be used to hedge risk for investors, hedge funds, or large banks, thus protecting the financial system from harm in the event of a recession. Analysis of literature. 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