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If you were the accountant at your current (or former) place of employment, would you prefer to use static or flexible budgeting?
Overall, how do you feel that the material presented in this course can aid in your future professional or academic pursuits?
If you were to start this new business venture, what factors would you need to take into consideration to determine if you want to incorporate or not?
What are the prospects of your company, strengths and weakness as well as the the opportunities and the threat?
Discuss the benefits of the chosen method taking into consideration how that particular method impacts the calculation of the inventory account.
What impact will the three methods of depreciation have on Natalie's balance sheet at December 31, 2020?
Explore the website of the company you choose and locate your chosen company's most recent Annual Report.
Analyze the financial health of the company based on the annual report. Compile a financial health report to present to Intel management.
What does this mean to you? Do you agree with this description? Support your discussion with examples from the course.
If you were an investor, would you place more emphasis on any one particular financial statement? Why, or why not?
What inventory cost method would you prefer, and why? Would your chosen costing method follow the actual flow of your inventory?
Do the SWOT analysis and calculate accounting breakeven and economic breakeven based on the formula on the sheet according to he budget analysis.
Explain why you should or should not report this to your employer before the purchase.
How might Enron's harsh Performance Review Committee have aided company executives in committing the fraud?
Share your thoughts as to why accounting information is so important to managing. What benefits does an accounting information system provide to stakeholders?
What control system and subsidiary accounts should be included in Ermler & Trump's manual accounting system? Why?
What is their stock price? Investors and market participants examine such information on regular basis through a company's financial statements.
Summarize the results of the flexible budget variances computations based on the comparison between the flexible budget and the actual results.
How can you you apply what you've learned about that discipline to your everyday life and your college career?
Review the balance sheet for a firm that you either currently work for or have an interest in, and reflect on the two assets discussed in this lesson.
Determine the overall financial strength of the company based on the ratios identified as either strengths or weaknesses.
Why would you prefer to use static or flexible budgeting? Explain your rationale and the factors that drive your choice.
Discuss what cost accounting is and how it can be used to analyze variable, fixed, and semi-variable costs of a business.
Suggest a method that someone with fraudulent intentions could use to work around the CAAT for personal gains.
Discuss Public Law 87-653, the Truth in Negotiations Act (TINA) in 1962 and what data can be used to ensure that the proposed prices are reasonable.