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Why do we as a company have to estimate and record anticipated uncollectible accounts? Can't we just record the revenues earned when the cash comes in?
What is the incidence of the tax in the short run? Answer intuitively, and use a diagram to illustrate.
Would there be any difference between the cash basis and accrual basis of accounting? Why or why not?
Discuss the audit report issued by the external auditing firm from the company's Website for the year it was accused of fraud.
Identify preliminary analytical procedures related to depreciation expenses that may be effective in identifying potential material misstatements.
What will be the effect of this kind of bond in local securities market? How will you correlate with business and industrial development in Saudi Arabica?
Compare the different inventory cost flow assumptions. Explain the consequences that result from the use of alternative inventory cost flow assumptions.
What advice would you offer to the owner of a mid-size, well-regarded Bordeaux vineyard producing wines in the premium and super premium categories?
How is the cost of a lump-sum purchase allocated to the individual assets acquired?
Prepare a sales budget for the LA Babycakes store for the fourth quarter of 2016. Present the number of units, sales price, and total sales for each month.
What do you think is the most appropriate fair value amount to use in assessing the fair value of this reporting unit? Explain. Why is this important?
Compare and contrast each company's offering. Also, discuss whether or not you agree with the CIO and justify why.
What are the key revenue accounts for PepsiCo and CocaCola? What accounts involve critical accounting estimates?
Why is the demand curve sloping downward and the supply curve sloping upward?
Describe how the tone at the top contributed to this fraudulent activity. How did the Audit Committee and Board fail in their responsibilities?
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What are the differences between cash and accrual basis accounting? Provide an example of each type.
How do these variances differ from the standard costs? How is each computed? Why is calculating variances useful to an organization?
Discuss market value ratios in more detail. What do the measure? What are market value ratios and metrics? What is sustainable income? What is its significance?
If the sale instead occurred on January 1, 20X3, what additional account(s) will require adjustment in preparing the consolidated income statement?
Describe the differences between Return on Net Operating Assets (RNOA) and Return on Common Equity (ROCE).
Samsung's future plans, such as, expansion, consolidation, and downsizing. How costs concepts could be used in the decision making.
Discuss the auditors' responsibilities for assessing fraud risk. What are the procedures used to detect material misstatements due to fraud?
The Director of Accounting wants you to research two such cases and write a summary report to present at the next Accounting Department meeting.
What could have been done to detect this act earlier. What could have been done to prevent this from happening in the first place.