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Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Research Paper
Language:
English (U.S.)
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MS Word
Date:
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Topic:

Google Inc.'s Accounting and Finance Issues

Research Paper Instructions:

Using the public for-profit corporation: Google. Write a paper relating the accounting and finance topics

1. financial accounting and the role of financial accounting in a corporate environment.

2.Inventory Valuation methods.

3.Budgeting and its importance in managerial accounting.

4.financial statements of a corporation, including computation of key ratios.

5.Analyze and present a comparison of concepts and techniques of financing and investing activities including the time value of money.

The paper must have at least 5 references in APA 7th ed. format. One reference list item must be the most recent annual report (also known as the 10-K) for your corporation.

The body of the paper should be a minimum of 8 pages and a maximum of 10. This excludes your cover page and Reference pages

The paper must have the following:

Cover page

Body of paper:

Introduction

Brief history of your corporation

Accounting issues related to your corporation

Finance issues related to your corporation

Conclusions

Recommendations

Summary

Reference List page

Only peer-reviewed publications published within the last 5 years can be used. Use your online library. No Wikipedia, BLOGS with Ads from Yahoo, UKEssay.com; Buzzle.com, or sites that change as they present a biased opinion. Google Scholar is accepted.

Research Paper Sample Content Preview:

Google Inc.
Students Name
Institutional Affiliation
Course Code and Name
Instructors Name
Date
Google Inc.
Introduction
An organization's financing and accounting activities play an important role in ensuring its success. If a company involves itself in fraudulent accounting activities, the chances are high that the company is in poor financial health and will eventually fail. Although some companies might hide their true financial position for years, the end is mostly a negative outcome, especially when the company is unable to recover from the financial challenges. Financial planning is also another key aspect in the management of a company. The financial success of companies highly depends on how well the managers manage finance. The process involved planning and sourcing funding sources. The planning involves different valuation methods to determine how well the company is performing. If the company needs more capital, the responsible parties look for funding parties to ensure all the financial needs are met. Google Inc. is one of the companies with a reliable financial management team (Srinivasan, 2020). However, regardless of how effective the management team is, some issues will always arise, thus undermining the company's functioning. Google Inc. has been in the market for years and, therefore, learned a lot about bad and good financial and accounting practices. As a public, for-profit corporation, Google is subject to various financial accounting and finance issues. This paper discusses the various accounting and finance issues and offers recommendations for solving them. 
A brief History of Google
Google is a global technology company that specializes in Internet-related services and products. Founded in 1998, its headquarter is in Mountain View, California. Sergey Brin and Larry Page founded the company while they were studying for their Ph.D. The company started out as a search engine, but over the years, its founders added more services. Among them are hardware, software, advertising technology, artificial intelligence, e-Commerce, and cloud computing (Rashid & Chaturvedi, 2019). Over the years, the company has attracted billions of users worldwide. This has made Google one of the most well-known and valuable brands. The search algorithm was initially known as Backrub, but as the founders continued to expand its operations, they settled for the name Google. The name Backrub was based on the algorithm's ability to analyze backlinks. During this period, Page and Sergey wanted to license the innovation but could not find someone willing to pay for it. Therefore, they decided to keep and source more funding. Eventually, they made a dream come true, which would currently be termed the world's most-used search engine. 
Analysis of Accounting Issues 
Financial accounting refers to the process of recording, summarizing, and reporting the financial transactions of a company. Financial accounting plays a crucial role in a corporate environment as it provides key information to internal and external stakeholders about a company's financial performance. Internally, financial accounting helps managers make informed decisions about the allocation of resources and investments. Externally, financial accounting provides shareholders, creditors, and other stakeholders with information about a company's financial health, which can affect their investment decisions. For Google, financial accounting involves the recording and reporting of its revenues, expenses, assets, liabilities, and equity. The company uses Generally Accepted Accounting Principles (GAAP) to ensure that its financial statements are consistent, accurate, and reliable. Google's financial statements, including the income statement, balance sheet, and statement of cash flows, provide valuable information to investors, creditors, and other stakeholders. However, there are various accounting issues facing the company.
One of the major accounting issues facing Google Inc. is the complexity of its finances. Over the years, the company has made various acquisitions, which further complicate its accounting system. The company has to ensure that all the liabilities ad assets of the acquired entities are well recorded in their financial books. It should also ensure that all the goodwill of the acquired businesses is accounted for in a timely manner. These processes can be complicated and raise the possibility of errors in the accounting system. An accumulation of these errors could largely affect the company's financial health. For instance, it could give the impression of good performance, yet the company might be struggling to keep things running. However, Google Inc. has a reliable accounting team that plays an essential role in ensuring that these complexities in accounting do not have a major impact on the company's financial health. 
Another accounting issue facing Google Inc. is revenue recognition due to its vast activities. Google generates a significant portion of its revenue through advertising, and determining the timing of revenue recognition can be complex. The company must ensure that revenue is recognized in the correct period and in accordance with GAAP principles. Therefore, the accounting team finds it challenging to ensure all the generated revenue is accounted for on time and without repetitions or missing some of the entries. Advertising revenue is one of the major ways through which Google makes an income (Zuboff, 2019) Given that the income comes from different parts of the world accounting for it can be a major challenge. If the entries from this type of income are not recorded appropriately, it can result in the company facing undetectable financial issues. For instance, recording revenue figures above what was generated can give a false impression that the company is making a lot of income. Additionally, recording fewer figures than the generated amounts could give the impression that Google is not making much money from advertising. In turn, the company could make financial reforms in the advertising sector, thus negatively affecting its consumers. Therefore, timely revenue recognition is key to good financial decisions. 
Google Inc. also faces taxation issues from different parts of the world. Google operates in multiple jurisdictions around the world, and this can lead to complex tax issues. The company has faced scrutiny from tax authorities in several countries, including the United States and the European Union. Different countries have different tax regimes, which in turn, could affect how Google accounts for its revenues. These differences make it challenging for the accounting team to keep records of the company's financial statements. If the taxation regulations of a company differ from one region or country to another, it can result in accounting errors. This is a common case when the auditing team does not pay much attention to the taxation regulations in these areas. Google Inc. also deals with intangible assets, and therefore, accounting for them constitutes a major challenge. The company has intellectual property, such as copyrights and patents, and determining their value is not easy.
Analysis of Finance Issues 
Financial statements are a critical aspect of financial accounting. They provide stakeholders with information about a company's financial performance and position. The main financial statements of a corporation are the income statement, balance sheet, and statement of cash flows. Google's financial statements are prepared in accordance with GAAP and provide valuable insights into the company's financial performance. Key financial ratios that can be calculated from Google's financial statements include the current ratio, quick ratio, debt-to-equity ratio, and return on equity. These ratios provide important information about the company's liquidity, solvency, and profitability. For instance, Google's current ratio in the year ended 2021 and 2022...
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