Application of Accounting Principles: A Case-By-Case Study

This thesis consists of a series of case studies investigating various accounting issues in real world situations. Each case study, independent of one another, focuses on the application of different accounting standards in a variety of industries. This thesis also reinforces the understanding of underlying accounting concepts in financial statement preparation and analysis, and it presents rising accounting issues. By utilizing the Financial Accounting Standards Board (FASB) Accounting Standards Codification, I was able to apply the appropriate FASB guidelines and proper accounting treatment to these specific situations. Through the completion of these studies, I have gained an enhanced understanding of accounting principles that can be applied to my academic and professional career.