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Outline revenue recognition criteria under modified accrual accounting. Outline expenditure recognition criteria under modified accrual accounting.
Explain the process by which you completed the final statements. What is the financial health of Lee College?
Adams, peters, and Blake share Profits and losses for their APB Partnership in a ratio of 2:3:5. Prepare a cash distribution plan for the APB Partnership.
Discuss the arguments in favor of recording salary and bonus allowances to partners as expenses included in computing net income.
Which of the two methods is likely to show the larger reported contribution to Slanted's earning is in 20x4? Explain.
Explain how Sloan's negative retained earnings balance is reflected in the consolidated balance sheet immediately following the acquisitions.
Identify which set of financial statements you think is the easiest to understand and provides you with most accurate cost data as a manager.
Why are firms reluctant to implement REA modeling concepts? What are the costs and benefits involved?
Discuss some of the problems encountered when performing financial statement and operating indicator analyses.
A cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $50,000.
Briefly explain the mission or focus of the two organizations you selected and cite at least two sources for your information.
Explain how the net effect of cash in each activity in the cash flow statement is used in evaluating liquidity, solvency, and financial flexibility.
Discuss the pros and cons of issuing new stock, reissuing treasury stock (if applicable), and issuing convertible bonds.
Discuss an item that was included when calculating net income, but is adjusted as an increase or decrease to determine cash provided by operating activities.
Discuss what piece of information is found on statement of cash flows that is just as important as bank balance for purpose of understanding financial position.
Discuss the new skills you acquired from this class? How relevant are the new skills in your profession? How would you apply your new knowledge?
Compare and contrast between activity based costing. Explain the four categories of measures for the balanced scorecard and give examples for each category.
Describe the tools and skills you will need to achieve this goal. Describe who needs to be involved to allow you to be successful in achieving this goal.
Determine the equivalent cost per unit, assuming that the ending inventory is considered to be 60 percent complete.
After you determine your initial investment, determine the net present value (NPV) of that investment.
Identify and explain three itemized deductions that are available to taxpayers. Are there any that you would add and if so, which ones?
Working Capital Interpretation: Use the appropriate formula to calculate working capital, then discuss the business's current financial liquidity position.
Evaluate three methods that are use to commit financial statement fraud. Give your opinion of which method is mostly likely to be detected by external auditors.
Give your opinion on the type of damages a plaintiff would mostly likely be awarded if he or she was wrongfully discharged from work.
An information systems department usually performs numerous IT processing functions that would be separated in a manual system.