Fasb-gasb-iasb
Problem: As an accountant, if you had a choice of working with one of the boards, FASB, GASB, or IASB, which one would you work with?
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Q1. Prepare a flexible budget for each of the following activity levels: 550, 600, and 700 direct labor hours. Q2. Determine the total cost per direct labor hour at each of the levels of activity.
Prepare a performance report for the East Coast plant. Include a flexible budget and variance analysis. Enter F for favorable variance, and U for unfavorable variance. If an amount is zero, enter "0".
Compute the prime costs and conversion costs per unit for each department. If an amount box does not require an entry, leave it blank.
State your opinion regarding the impact of conducting business with this country and the ramifications of doing so or not doing so. State what your recommendations will be to the CEO of your company, and support your recommendation.
As an accountant, if you had a choice of working with one of the boards, FASB, GASB, or IASB, which one would you work with?
Question: What are the controlling accounts and subsidiary ledgers? What is the relationship between them?
Question: How do technology-based information systems affect accounting. What impact have they had on the role of accounting in business?
(1) How does the microcredit concept contribute to the economy? (2) Are there any drawbacks to the idea of microcredit?
What are your thoughts on the three proposals outlined above, and please feel free to suggest anything that you feel should also be considered in reducing the deficit.
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