• Q : Types of auditing projects....
    Accounting Basics :

    What are the three types of auditing projects the internal audit function can perform? Give an example of each. If you could choose one of these three (as your job), which would you prefer, and why?

  • Q : Project a budget covering the expenses....
    Accounting Basics :

    Inadequate financing can be the cause of the failure of any business. Try to determine how much capital might actually be needed to start a small business. Project a budget covering the expenses. Fe

  • Q : Recalculate the statement of cash flows....
    Accounting Basics :

    A company president asks the controller to recalculate the statement of cash flows to see if it is possible to meet the requirement for the board to declare a cash dividend. The Board requires that

  • Q : Preparing the annual report for stockholder meeting....
    Accounting Basics :

    Imagine for a moment that you are an accountant for a large software company located in the Silicon Valley. You and your colleagues have been working diligently to prepare the annual report for the

  • Q : Activity-based responsibility accounting....
    Accounting Basics :

    Which of the following is NOT true about activity-based responsibility accounting?

  • Q : Preparing a flexible budget report....
    Accounting Basics :

    1) Prepare a monthly manufacturing overhead flexible budget for each increment of 3,000 direct labor hours over the relevant $1,640. 2) Prepare a flexible budget report for October.

  • Q : Analyze the steps to prepare the cash budget....
    Accounting Basics :

    Analyze the steps involved in preparing a cash budget and determine which steps presents the greatest number of obstacles to the greatest number of small businesses. Explain your rationale.

  • Q : Applying social cost accounting....
    Accounting Basics :

    1. In what ways is the company that you are analyzing applying social cost accounting? Give specific examples.

  • Q : How might an auditors ethics be challenged....
    Accounting Basics :

    How might an auditor's ethics be challenged while performing an audit?

  • Q : What is involved in an environmental audit....
    Accounting Basics :

    Investigate what is involved in an environmental audit. Has such an audit been conducted at your own present or former place of business, school, or university?

  • Q : What are the primary objectives of accounting....
    Accounting Basics :

    Problem 1. What are the primary objectives of accounting? Problem 2. What is the basic terminology of the accounting process or financial reporting?

  • Q : Office department budget and actual costs....
    Accounting Basics :

    The office department’s budget and its actual costs for April follow. Required to do: Problem 1. Prepare responsibility accounting performance reports like those in Exhibit that list costs con

  • Q : What is responsibility accounting....
    Accounting Basics :

    Problem: What is Responsibility Accounting? Is it used in your current or former place of employment, and if not would it work? Why or why not?

  • Q : Create a code of ethics for fictitious company....
    Accounting Basics :

    The task is to create a Code of Ethics for fictitious company or organization. This should include the following:

  • Q : Prepare for the upcoming company audit....
    Accounting Basics :

    The CEO of your company has asked you to help prepare for the upcoming company audit. One of the items the CEO has asked you to do is suggest a number of sources in which you could get information t

  • Q : Current issue in government and non-profit accounting....
    Accounting Basics :

    Make use of the Internet or other resources to locate an article pertaining to a current issue in government and non-profit accounting. Prepare a 350-400 word analysis of your article.

  • Q : Foundational to the american law and economic system....
    Accounting Basics :

    We know that the concept of privately owned property is foundational to the American law and economic system. Historically unprecedented individual prosperity resulted from this largely unregulated

  • Q : Government and not-for-profit accounting....
    Accounting Basics :

    Write a one-page Memo (double-spaced) to a non-financial audience in which you explain how increasing scrutiny (careful examination) and demand for accountability by the public has impacted reportin

  • Q : Determine the proper accounting treatment....
    Accounting Basics :

    Assignment: Roman Co., in preparation of its December 31, 2010, financial statements, is attempting to determine the proper accounting treatment for each of the following situations.

  • Q : Evolving role of the professional accountant....
    Accounting Basics :

    After visiting the websites of professional accounting organizations, discuss the continually evolving role of the professional accountant. How has the role evolved in recent years?

  • Q : Standards-variances and flexible budgets....
    Accounting Basics :

    Q1. How were the standard costs developed? Q2. How did Preston Lansing probably "rig" the standard costs -- are the standards set too high or too low?

  • Q : Government and business budget making....
    Accounting Basics :

    Problem: What are some of the differences that are apparent between government and business budget making? Are there any similarities in their profit motives?

  • Q : Essential principle of accounting for nonprofit organization....
    Accounting Basics :

    Problem 1: A description of the essential principles of accounting for nonprofit organizations and municipal agencies. Problem 2: A description of the unique issues related to accounting processes for

  • Q : Waiting period for participation....
    Accounting Basics :

    Problem: Does all service with an employer count for purposes of the one-year waiting period for participation?

  • Q : Opinion on requiring audit firm and partner rotation....
    Accounting Basics :

    Currently there is no regulation on audit firm rotation and it is required to do partner rotation. Discuss past and present regulations related to both and write a conclusion which will include the

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