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What are some of the groups that need accounting information? What kind of accounting information do they need? Why?
How can you use accounting to manage your personal finances? What are some of the possible risks if you don't keep track of personal transactions?
What is the company's over-all break-even point in dollar sales? What is the break-even point in unit sales for each product?
Explain how product costing is used for a cabinet division. Validate your answer with 2 to 3 reasons for and 2 to 3 reasons against the other types of costing.
What other types of financial statements might you look at to see if there is an issue and why?
Compute the following variances for raw materials, direct labor, and variable overhead, assuming that the price variance for materials is recognized at point of
What impact, if any, do international accounting standards have on U.S.-owned businesses? On international businesses?
How can business managers use accounting and financial information to help a company make good business decisions?
The CFO of a certain company always wears his green suit on a day that the firm. Describe which form of market efficiency is consistent with your belief.
What would you tell the committee about why it is important to train managers. What could be an effective means of deterrence in the organization?
Discuss the importance of ethics in accounting. Why is it important for accountants to maintain high ethical standards?
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How would membership in one of these organizations benefit you? Think about what you want to do long-term. Do you want to be a general accountant?
Describe what is involved in a product costing system. Explain why Wilson-West Manufacturing needs to have a product costing system.
How would you review the work papers prepared for this case? Prepare an audit program that an internal auditor assigned to this case would use?
Why do companies measure and analyze non-financial performance metrics? In what environments is this measurement especially beneficial?
Describe three different costs that behave differently. You should identify one fixed cost, variable cost and mixed cost and be able to justify their selection.
Explain the flow of costs in a job-order costing system as it relates to the T-accounts and journal entries required to record economic events.
Compare and contrast Job Order Costing and Process Costing giving details as to flow of costs for direct materials, direct labor and manufacturing overhead.
Describe 2 types of standard cost variances that are used by management to assess both efficiency and effectiveness of comparing actual price to standard price.
How should Mr. Wrong have recorded the transaction? What are the ethical aspects of Mr. Wrong's action?
Management's Report on Internal Control Over Financial Reporting. Explain the purpose and content of each of these reports.
Who could be harmed by Frost's unusual accounting changes? What should Crane do in this situation?
Examine three significant changes brought forth by the Tax Cuts and Jobs Act and discuss at least two advantages and/or disadvantages of each.
How would you handle ownership of the assessment? How would your approach vary according to country, culture, or region?