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Explain generally accepted accounting principles (GAAP), and describe why it is important that public companies follow GAAP when preparing financial statements.
Assess the external and internal factors that influence credit policy and decision making within a company that extends credit to its customer.
BUS FP3061- The total assets of the Jones Company are $190,000 and its owner's equity is $91,000. What is the amount of the company's total liabilities?
Analyze whether you would prefer to buy or lease your equipment and furniture. What benefit do you see in your choices?
Explain and be specific about management's opinion of future direction of company. Describe three challenges your company faces currently and/or in the future.
Disucss what was the primary cause(s) of the loss in net income? Did management do a good, average, or poor job of controlling expenses?
What types of organizations might use flexible budgets? What factors would you consider when deciding whether to investigate a variance?
From the first e-Activity, discuss at what point an administrator should decide when the product should be terminated during the life cycle analysis.
List the five common computer frauds identified by the text. Also, list the key steps of computer fraud risk assessment identified by the text.
Prepare the analysis for the selected local government entity, including information on the introduction, financial section, and statistical section prepared.
Explain the nature of any governmental-fund balance sheet classifications related to expenditures.
Based on the background research and analytical procedures performed in Stages a-c. Which transaction cycles are the high-risk areas?
Gather additional information by interviewing other company employees. Why do you feel your choice would be most effective?
What paperwork is needed to organize an LLC? Who must register the LLC? What sites/resources can partners access to organize an LLC?
Determine which type of financing option is best for your company and train your junior accountants on the accounting cycle and financial statements.
Describe the nature of the adjusting process. Describe the common classes of receivables, &describe the accounting for uncollectible receivables.
Analyze a financial report related to your proposed change and explain how your use of this report will influence your decision-making.
Evaluate the content of the advertisement and explain why companies may have reduced benefits when they adopted new GAAP.
Discuss the horizontal and vertical analysis of a financial statement, and how each is used to help financial statement users make better decisions.
Propose solutions to settle these undergoing problems. Propose solutions to prevent such problems from happening in the future.
Common size data listed on Pro-forma statement Create a bar chart showing a minimum of Gross Revenue, Gross Profit and Net income.
Review auditors report and notes to the collected financial statements to determine any unusual activities or qualified auditors opinions.
What other alternatives could Mario consider to reduce costs, and how would those alternatives impact the other company employees?
What are some limitations of financial statements analysis? Meaning, what are some things which make financial statement analysis less reliable?
Create a tax plan for the future redemption of the client's stock owned in the construction company that will not be taxed according to Section 301 of the IRC.