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What were the corporation's net sales, cost of goods sold, and gross profit? What items appear under Other Comprehensive Income (Loss)?
Financial Accounting and Managerial Accounting. The Role of Managerial Accountant. How to prepare a Income statement for service organization.
Discuss some significant commentary that requires knowledge of the subject matter, a web link to an article or other sources in order to be accepted.
Discuss the importance of managerial accounting as "decision-making tool" in your organization.
Identify and describe any irregular items reported on the Income Statement, such as discontinued operation or extraordinary items?
Explain the selected organization's use of the three fund categories. Analyze the organization's statement of cash flows.
What are the tax and nontax consequences of each plan? What would be your justification for selecting the one you choose?
Prior to beginning work on this discussion forum, review the Governmental Accounting Standards Board website.
In your own words, list and describe the three classes of net assets used in private not-for-profit accounting. Give an example of each type to illustrate.
Explain the steps in processing transactions and the role of source documents. Describe an account and its use in recording transactions.
Explain the rules of forming an S Corporation, the basic rules, and how distributions work.
Discuss the difference between financial and managerial accounting. Are there any regulations/rules that need to be followed under either method?
Describe the role of accounting in business and characterize the different types of business organizations.
Compare and contrast the two funds and, in your own words, explain how each function in a governmental accounting operation.
Compare the profitability index for each choice. Compare the internal rate of return for each choice to the required 8% discount rate.
Discuss what each of these ratios tells you about the company's use of debt and how it compares to the industry average.
Explain the rules of forming an S Corporation, the basic rules, and how distributions work. Be sure to cover operating issues.
Explain at least two reasons why a business owner might opt for one form of organization over another. Provide support for your rationale.
What ethical and legal liability relating to accountants and auditors might relate to your SEC 10-K company?
At end of fiscal 2007, Dendreon's book value (assets less liabilities) was $40,377,000. What do you think accounts for the difference between these two numbers?
Provide an example of a business transaction that would create nexus and thereby an income tax reporting requirement for a company.
What does this statute require of Arizona CPAs and the business entity they own or operate under?
Provide advisory services by explaining the concept of nexus to the CFO, Danny Client, using the information from Public Law 86-272.
Discussion Post: Managerial Accounting- Discuss the importance of managerial accounting as decision-making tool in your organization.
What types of information about their businesses would owners be willing to provide bankers? What types of information would owners not be willing to provide?