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Discussion Post: External Auditors vs Internal Auditors- What consideration, if any, may external auditors give to the work of a client's internal audit staff?
Explain the potential justification for deducting the expected litigation gain from cost of goods sold.
What is EFT and how does its use control cash and cash flow? What technology is necessary to utilize EFT's? In what business environment is its use most useful?
On your own words, describe the methods that companies can implement to depreciate plant assets.
Analyze the results of the net present value calculations and the significance of these results, supported with examples.
Prepare ABC Company's general journal entry to record the issuance of the note payable.
What are some things which make financial statement analysis less reliable? Do some research on this and post your thoughts on what you find.
Select two of these line items and explain what their balances might indicate about how the company is utilizing the investment by its stockholders.
Explain debt and equity financing and the advantages and disadvantages of each. Discuss the advantages and disadvantages of bootstrapping.
What key points of Janice's negotiation led to her success? What could have Janice done better to get a better outcome for her salary?
In addition, discuss how a manager would use the concepts in the articles you reviewed in managerial decisions.
What specific internal control issues are there with the payment function in accounts payable?
Blue Raider, Inc. has always adjusted entries at the end of the period to record. Explain in a paragraph or two why her recommendation would not be appropriate.
Why the executive-level, portfolio manager, or the high-level program manager must have more than a passing knowledge of concept for organizing control account.
List the other expenses you will need to consider for each property type. Explain how property taxes are covered.
Prepare the journal entries for only these transactions. Dec-31-Prepare the closing entry for revenue. Dec-31-Prepare the closing entry for expenses.
List the topic headings from the auditors' report on Critical Audit Matters. Examples might be Internal Control or Inventory or Goodwill Impairment.
Compare the liability section of the balance sheet to the equity section, and discuss whether the relationship of debt to equity is appropriate for the company.
Prepare your response as if it is for a partner in your firm. Reference the AICPA Statements on Standards for Tax Services.
Discuss the sources of information and the types of inquiries that you and the firm's partners may make in connection with accepting Highway as a new client.
Describe Internal Controls within an Organization. Define the Purpose and Use of a Petty Cash Fund, and Prepare Petty Cash Journal Entries.
Prepare entries that are complete for each month, including transferring posted entries to T accounts.
What fraud risks may be indicated by the year-to-year comparisons of Tesla's financial statements (refer to Exhibits 1 and 2 in the case study)?
Is it a manufacturing, merchandising, or service organization? How could the costs differ if one method is chosen over the other?
Explain a correction to the calculation in the initial post. Compare how your calculated WACC is different than your classmate's calculated WACC.