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Our reading covers the different types of legal entities. Choose a legal entity type and discuss the entity's tax and non-tax characteristics.
How would you explain to Barbara what these income and expense items are and how she will compute her corporation's taxable income?
Discuss why the fair value standards were adopted and whether you agree or disagree with the benefits of the new reporting standards.
Discuss a current rule that is either recently changed or under review to change. Compare and contrast it with the current or old rule.
Identify and discuss at least three tools an accountant can use to make the recording and reporting of accounting transactions efficient and effective.
Identify and discuss at least three types of what-if analyses that an accountant should be able to perform to measure a firm's performance over a period.
How is cash generation different from the concept of profit and loss (P&L) in accounting? What are the key factors for competitive success and why?
Explain how the evaluation plan contributes to the feedback loop for effective management of an ACO.
Discuss cost concepts used in manufacturing accounting. Be sure to address the basic product cost components.
Chung Company deposits all cash receipts on the day when they are received and it makes all cash payments by check.
Compute the equivalent cost per unit, assuming the ending inventory is considered to be 60 percent complete.
Provide a specific example of an economic transaction for each activity type to support your conclusions. Be sure to use examples not already used.
Assume that Kline Company allocates overhead costs with the department approach. Calculate the rate used by each department to allocate overhead costs.
Discuss how a project's risk can be incorporated into capital budgeting analysis. Should discounted cash flows be used to evaluate capital budgeting projects?
Explain your approach to the problem, perform relevant calculations and analysis, and formulate a recommendation.
Look around financial press or internet for a recent story about some organization's liability accounting issue. Summarize what you find in a couple paragraphs.
Explain to the business owner the need and purpose of adjusting entries, and why the adjusted trial balance should be the source for the financial statements.
How could anyone argue against raising the minimum wage? What impact could this have on consumers?
Explain the purpose of the balanced scorecard and identify two examples of nonfinancial measures that might be included in a balanced scorecard.
Provide examples of the reports used for financial reporting and how those reports differ from managerial accounting reports.
In your own words, explain why the use of judgment in cost measurement can lead to markedly different results even within the same firm.
How can I manage my children's cell phone usage? How can the pay gap between men and women best be addressed in my company?
What do we need to consider as financial managers from an employee perspective when mergers or acquisitions occurs?
Describe the cost principle and discuss what happens if an asset like land has an increase in the fair value. How would the company report the land?
Describe the five major generally accepted accounting principles (GAAP) that accountants must consider when presenting financial accounting information.