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What is the primary goal a publicly-traded corporation should pursue and why? What ethical conflicts could result from exclusively focusing on this goal?
Evaluate the financial statements you have developed and Sunset Board's cash flow. Write paragraph explaining whether you feel expansion would be a wise choice.
If you were the accountant at your current (or former) place of employment, would you prefer to use static or flexible budgeting?
If you were to start this new business venture, what factors would you need to take into consideration to determine if you want to incorporate or not?
What are the prospects of your company, strengths and weakness as well as the the opportunities and the threat?
Discuss the benefits of the chosen method taking into consideration how that particular method impacts the calculation of the inventory account.
What impact will the three methods of depreciation have on Natalie's balance sheet at December 31, 2020?
Explore the website of the company you choose and locate your chosen company's most recent Annual Report.
What does this mean to you? Do you agree with this description? Support your discussion with examples from the course.
If you were an investor, would you place more emphasis on any one particular financial statement? Why, or why not?
What inventory cost method would you prefer, and why? Would your chosen costing method follow the actual flow of your inventory?
Explain why you should or should not report this to your employer before the purchase.
Share your thoughts as to why accounting information is so important to managing. What benefits does an accounting information system provide to stakeholders?
What control system and subsidiary accounts should be included in Ermler & Trump's manual accounting system? Why?
How can you you apply what you've learned about that discipline to your everyday life and your college career?
Review the balance sheet for a firm that you either currently work for or have an interest in, and reflect on the two assets discussed in this lesson.
Determine the overall financial strength of the company based on the ratios identified as either strengths or weaknesses.
Discuss what cost accounting is and how it can be used to analyze variable, fixed, and semi-variable costs of a business.
Describe your new company called Universal Drones Inc. Discuss the types of pricing analysis methods that your company will consider when forecasting prices.
Analyze the advantages of having a large cash balance. Identify two companies with sizable amounts of cash and liquid investments on their balance sheets.
Discuss the various classifications of assets on the balance sheet. Why are they important?
Analyze the audit report that the CPA firm issued. Analyze the sanctions available under SOX and recommend the key action(s) that the PCAOB should take.
Although an open account can be a risky proposition for the seller/exporter, what could the BENEFITS be for you as an exporter?
Calculate any allowable bonus depreciation on each asset. Assume no sec. 179 deduction has been taken on any asset.
Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial accounting helps external stakeholder.