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In your initial post, present a detailed explanation of the recording of purchases under a perpetual inventory system.
Analyze the horizontal and vertical analysis of a financial statement, and how each is used to help financial statement users make better decisions.
Briefly describe the issue and the action taken by the FASB. Discuss the accounting implications of this action as it would apply to three different industries.
Would you recommend that Thorne accept this audit fee arrangement? Why or why not? Describe some ethical considerations guiding your recommendation.
Prepare a maximum 700-word informal memo and discuss to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory.
Discuss what type of cost accounting system this company should use, and the documents that you would recommend as part of the cost accounting system.
Assess the risks associated with integrating a new AIS system and suggest what management can do to minimize those risks.
Analyze the audit committee's responsibilities regarding risk assessment and internal control monitoring.
Compute the arithmetic mean and standard deviation of annual rate of return from stock. For each stock, indicate which one is more desirable by this measure.
Students will construct a set of forecasted financial statements and calculate a set of financial ratios for a start-up business.
Each type of business entity is affected by taxation. Explain the differences in taxing of four different types of organizations.
Examine inventory costing and valuation according to GAAP and IFRS. Analyze how GAAP is applied to asset valuation and liabilities.
What is meant by the term break-even point? What is potential benefit of calculating break-even? What formula is use to solve for the break-even point in units?
In your initial post, briefly discuss Generally Accepted Accounting Principles or G.A.A.P. What are they? What is their purpose?
Analyze at least two reasons why a business owner might opt for one form of organization over another. Provide support for your rationale.
Explain in detail how the forward exchange contract might or would be settled in 30 days? What are Potato's options with respect to forward exchange contract?
Describe sustainable income and the importance of sustainable income in the evaluation of the income statement.
Why might ethical companies benefit from a lower cost of capital than less ethical companies?
Analyze auditor independence in the AICPA Code rules. Examine current safeguards available to reduce the risks of violating auditor independence.
Create a focused and succinct strategy for your professional or personal life that will enable you to improve profitability for an organization.
ACC310- Record the following transactions using transaction analysis. Use the template to complete this assignment.
Examine duplicate sales invoices for an indication that unit selling prices were compared to the approved price list.
Discuss the accounts that you would test, and select at least three analytical procedures that you would use in your audit.
What conclusions can you draw from the different parts of the statement? What are the causes and effects of Elf's performance for those three years?
Briefly explain each of the three costing systems in accounting. Discuss the situations in which each system would be best employed by a business.