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For each of the categories that show a difference between the 3 years, determine what factors could have caused the differences.
Analyze the major pros and cons of a single-step income statement and a multistep income statement.
Discussion Post: Impact of Technology on Accounting- Discuss how cloud computing could both positively and negatively affect system availability.
Prepare the Balance Sheet,Income Statement, and Cash Flow Statement (Use Indirect Method) for the year ended on 31/3/2016.
What food plan have you decided to follow (if any)? How will you decide which foods to include in your meals?
How does inventory differ from other types of purchases and discuss what controls pertain specifically to inventory processes?
Describe segregation of duties and dual control. Describe two other internal control policies that should be established for financial investments.
Explain the difference between negative and positive confirmations. Describe conditions which should exist for the auditors to use the negative form of request.
Explain the function of warehouse clubs (BJs, Costco, SAMs, etc.). Why are they classified as both wholesalers and retailers?
Discuss the different types of quality audits and Outline the steps for planning, conducting, and reporting an audit.
Share your thoughts on the activities within this week's readings. Consider how calculating financial statements will help drive effective business decisions.
Identify significant tax and nontax issues or concerns that may differ across entity type and discuss how they are relevant to choice of entity decision for CTC
Why does a decrease in NWC result in a cash inflow to the firm? In a cost-cutting proposal, what might cause you to sometimes have negative EBIT?
What types of activities increase or decrease accountant/auditor risks? Use examples from your own experience, if possible.
Explain what type of information can be derived from each statement. Describe the major purpose of financial statements.
Explain why you pick this company. What is the reason why you decided to pick this company for this business synopsis?
Identify which approach you prefer and share the reasons for your preference. Include an example to illustrate your reasoning.
Reflect on a time where you had to rely on fixed and variable costs to predict total cost. What would you have done had you not had that information to use?
Explain the concept of competency integration in accounting education. Notice how business and accounting have many points of intersection.
Describe each stakeholder's interests in the organization. Identify the best mode for communicating with them based on their needs.
Briefly describe the situation, and describe how applying contribution margin could change the overall outcome?
The controller of Sagehen Enterprises believes that the company should switch from the LIFO method. What are the differences between the LIFO and FIFO methods?
Perform the change readiness/needs assessment audit for the U.S. branch and submit a report of your findings to the VP in the course scenario.
What is the difference between cash-basis accounting and accrual accounting? How does each method affect the financial statements?