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What are the relative sizes of the federal, state, and local governments? Which components of government spending have grown?
Analyze the major format differences in financial reporting for public and private colleges and universities.
Discuss the legal and ethical aspects of accurately reporting income on tax returns using Circular 230 as published by the Department of Treasury.
What might the company do to reduce the pressures on managers and to decrease the ethical conflicts?
The more he talked, the more confusing it got. How would you explain the closing process to Anne Marie?
In a report, 2 to 3 pages, describe the purpose of the audit software and describe its capabilities.
What type of advice would you offer to him and did any changes brought about by the Tax Cuts and Jobs Act impact your advice?
Your friend Jay Strawman cannot understand how the characteristic of corporate management is both an advantage and disadvantage. Clarify this issue for Jay.
Evaluate the types of employee testing that companies may require and the type of interview that is more beneficial when interviewing applicants.
Examine the significant values of conducting an ethics audit in an organization. Select five areas that you would focus on if you must conduct an ethics audit.
Discuss how you would change the costing method, if at all. Would you add in additional costs or remove any of the costs discussed?
Provide a brief history of COSO. Describe the five components and 17 principles of the COSO framework.
Explain how this is different from the criteria that was previously used in U.S. GAAP (see Wiley 2ed Chapter 21 and ASC 840).
Prepare income statements in both job order costing and activity-based costing formats for a hypothetical case.
Who do you suspect is being included in creating each step of the various company forecasts? Be specific about the various players and the reason they involved.
Compare and contrast liquidity and solvency. Choose at least two items or events that will affect a company's liquidity and solvency.
The Footnotes to the financial statements are also a form of disclosure. Should any amount not be accrued and only disclosed in the footnotes?
Discuss the effects on the income statement and balance sheet and tax effects of each of the inventory cost flow assumptions-FIFO, LIFO, and average-cost.
What are the potential tax consequences and what kind of record keeping do you advise Kenneth to maintain?
What are the ethical considerations in this case? Who are the stakeholders that are harmed or benefited in this situation?
What is Alicia's basis in the partnerships that she inherited from Annabelle? Should Sec. 754 be elected so Sec. 743 can be applied if option 1b is elected?
What would be the income tax consequences if Ms. Carter implements the four-step plan A? What alternative plan would you recommend to Ms. Carter?
Explain multiproduct break even analysis. What is the assumption on proportions among the quantities in multiproduct break even analysis?
What is the basic accounting equation? Briefly define the three primary element in the equation. What is meant by statement that financial statement articulate?