The basis of most academic work is the ability to construct a good essay. Although this sounds obvious, it is a skill which most students need to develop as none of us is born with the natural ability to write an essay, never mind one which will both address a given topic effectively and adequately support an argument with evidence. The most important aspect of writing an accounting essay or report is that the content must be informative and factually accurate; to ensure that opinions are supported by facts and figures in accordance with latest financial reporting standards and the piece considers all points of views. The layout and presentation is also critical in writing a good accountancy essay. The inclusion of an introduction to launch the essay is important for two reasons, firstly to address the topic and secondly to identify the audience before embarking on any written exercise, the writer must have it clear in his or her own mind who they are writing for, hence, consideration for your audiences level of accountancy knowledge. Also the essay needs to offer an objective conclusion in ensuring that the essay has addressed the accountancy question posed. Step One: Introduction
Before commencing to answer the specific accounting question set for any given essay, the writer must establish a clear understanding of the question being addressed, he or she must outline for the audience the question being addressed in the essay and also underline the objectives of the essay, what is it that you are trying to reach a conclusion for? This is a vital part of any academic essay writing, as this will outline the end goal of your essay. Step Two: Structure and Resource Planning
Once the writer has established a clear understanding of the question to be addressed within the essay, the next step is to ensure that a structured approach is undertaken in writing the accounting essay. A clear and concise essay plan will ensure that all relevant subject areas, including appropriate Financial Reporting Standards (FRS's), Accounting concepts and current developments in International Accounting Standards (IAS's) relevant to the essay topic are all referred and referenced to in answering the question posed at the introduction stage. At this stage, the writer must also decide what resources will be required in terms of academic journals, technical accountancy publications, library databases, primary and secondary research and the internet (e-books and accountancy research websites). The aim of the research is to compile a list of referencing material from accountancy scholars and researchers in order to back up views and opinions expressed within the essay. The number of references to use will depend on the length and the nature of the essay. In writing an accountancy essay one will often have to use research conducted by others, as it is often not feasible to conduct primary research. Therefore, references to work carried out by others is appropriate within an accounting essay, but the writer must ensure that he or she uses the material so that it adds value to the essay, hence, supports or challenges a particular accounting concept or FRS. Brainstorming at this stage can also provide the writer with valuable information and ideas for the production of a high quality essay. Step Three: Inclusion of Calculations/Analysis
This section can be particularly important for writing an accountancy essay, as the nature of the subject area will more than likely require the use of example calculations, in order to analyse different accounting treatments being discussed, hence, treatment of intangible none purchased goodwill. The inclusion of calculations, figures, chats and graphs should only be considered if the writer feels it's appropriate for the subject area and its inclusion will add value to the essay. However, it is important to be mindful of that fact that not all accounting subject areas will require the use of numbers, as on occasions the essay may need the writer to simply discuss and understand fundamental accounting concepts. Step Four: Conclusion and Recommendations
This final section of the essay is important in answering the overall question posed at the start. This section must ensure that it summaries the discussions undertaken in the main body of the essay, and also highlight the results of any analysis or calculations that was undertaken. This section should not only be used to outline the findings or the conclusion but also should be used to express the writers own opinions and recommendations, both in terms of the question being addressed and suggestions for further research and investigations into the subject area. Accounting essays can often be an evaluation, which means that there is no correct answer or conclusion. Therefore, differing school of thoughts will exist, so when having to conclude an evaluation essay the writer needs to be mindful of this fact, and consider all points of views. Other Considerations
When undertaking an accounting essay it is vital to ensure that appropriate level of language is being used, this is key to not only accounting essays but also appropriate for business writing. As the use of inappropriate level of language will result in lack of appeal to the reader, for example, an accountancy essay which is explaining the benefits of understanding accounts for none finance managers will require the use of simple, clear and concise language. The essay should be written in basic language without the use of complex accountancy terminology. Whereas, when discussing the appropriate methods of valuation for financial derivatives, the writer must assume a high level of accountancy knowledge and use appropriate terminology and acronyms. Once the draft essay has been completed the writer must carry out proofreading, this will serve both as an editing exercise, in terms of content and context, to ensure all work has been appropriately referenced (Harvard referencing is commonly used in business writing) and also ensure correct use of spelling and grammar. Proofreading will also serve as an instrument of checking that the essay has successfully answered the objective of the essay as outlined in the introduction. This is also guard against none value added paragraphs included within the essay, this can transpire in essays with lengthy word limits, where the writer is likely to be writing to fulfil the word limit requirement without adding any value to the content. This is important to avoid in accountancy essays to ensure that a clear and concise piece of work is produced.