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What are the tax and nontax consequences of each plan? What would be your justification for selecting the one you choose?
Prior to beginning work on this discussion forum, review the Governmental Accounting Standards Board website.
In your own words, list and describe the three classes of net assets used in private not-for-profit accounting. Give an example of each type to illustrate.
Discuss the difference between financial and managerial accounting. Are there any regulations/rules that need to be followed under either method?
Describe the role of accounting in business and characterize the different types of business organizations.
Compare and contrast the two funds and, in your own words, explain how each function in a governmental accounting operation.
Compare the profitability index for each choice. Compare the internal rate of return for each choice to the required 8% discount rate.
Discuss what each of these ratios tells you about the company's use of debt and how it compares to the industry average.
Explain the rules of forming an S Corporation, the basic rules, and how distributions work. Be sure to cover operating issues.
Explain at least two reasons why a business owner might opt for one form of organization over another. Provide support for your rationale.
What ethical and legal liability relating to accountants and auditors might relate to your SEC 10-K company?
At end of fiscal 2007, Dendreon's book value (assets less liabilities) was $40,377,000. What do you think accounts for the difference between these two numbers?
Provide an example of a business transaction that would create nexus and thereby an income tax reporting requirement for a company.
What does this statute require of Arizona CPAs and the business entity they own or operate under?
Provide advisory services by explaining the concept of nexus to the CFO, Danny Client, using the information from Public Law 86-272.
Discussion Post: Managerial Accounting- Discuss the importance of managerial accounting as decision-making tool in your organization.
What types of information about their businesses would owners be willing to provide bankers? What types of information would owners not be willing to provide?
Discuss the following internal controls below you would implement to help prevent future employee fraud/theft? Be sure to provide your rationale.
How do you think you will use cost-volume-profit analysis techniques in your career to make strategic business decisions?
Are there any intangible benefits or negatives that would influence this decision? What decision would you make, and why?
Adhering to ethical standards is necessary in the field of auditing. How would a Christian worldview impact you if you chose a career as an auditor?