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    Accounting

    Interim Reporting

    There are two schools of thought on interim reporting. The discrete view holds the interim report as a segment in history that stands on its own. The integral view holds the interim report as a segment or integral part of the annual report. Which school of thought do you think is correct? Why?

    Market Interest Rates and Bond Values

    If the market interest rate is 5% when Mackerel Corp. issues its bonds, will the bonds be prices at par, at premium, or at a discount? The 6% bonds issued when the market interest rate is 5% will be priced at {a discount, a premium, par (maturity) value}. They are {attractive, unattractive} in this market, so investors will pay

    Value-added tax (VAT) for two products

    XZ sells two types of product, A and B. A is standard rated for VAT purposes and B is zero rated. All purchases have incurred VAT at standard rate. XZ's sales (inclusive of VAT where applicable) for the three months to 31 March 2012 were: $ A 63,250 B 24,150 Total 87,4

    The significance of financial ratios by category

    What is a ratio? How do ratios help alleviate the problem of size differences among firms? What do liquidity, long-term borrowing capacity, and profitability ratios measure? Name a group of users who might be interested in each category, and the reason why.

    Calculating the Rate of Depreciation

    Presented below is information related to LeBron James Manufacturing Corporation. Asset Cost Estimated Salvage Estimated Life (in years) A $ 40,500 $ 5,500 10 B 33,600 4,800 9 C 36,000 3,600 9 D 19,000 1,500 7 E 23,500 2,500 6 Compute the rate of depreciation per year to be applie

    IFRS Adoption: Nigeria

    Please help with the following issues, challenges and lessons with IFRS Adoption in Nigeria. I have provided some main points I will need to discuss. 4. Implementation of the plan a. Is there compliance i. What is the level of compliance at this point? ii. What are the plans to expand the implementation b. Proposals for

    Make or Buy decision

    The following information has been collected about the costs related to the systems: Selling price per unit $70 Production costs per unit Direct materials $22 Direct labor 16 Variable overhead 2 Total fixed overhead $360,000 Saguaro normally produces 25,000 of these systems per year. The managers are deciding whether

    Income taxes journal entries

    1- ABC. started business in January 2013, and purchased a machine for $100,000 (four-year expected useful life with no salvage value). ABC uses straight line depreciation for financial reporting purposes. For tax purposes, the deduction is 50% of cost in 2013, 30% in 2014 and 20% in 2015. Pretax accounting income for 2013 was $6

    Contribution Margin and Absorption Income Statements

    Prepare a contribution margin (behavioral, variable) income statement for Herrestad Company, compare net operating profit from a contribution margin income statement with net income from an absorption income statement, and explain why this difference happens. Prepare a second version assuming the selling price per unit increases

    Rule-Based Ethics Standards

    Should we have rules-based ethics standards? Why or why not? Should they tell you exactly what to do in specific ethical situations? Do you agree with the authors that a code of ethics should do more than establish minimum acceptable standards? Why or why not? http://www.ijbssnet.com/journals/Vol.%202_No._10%3B_June_2011/

    IFRS adoption in Nigeria

    Can someone help me with doing an outline (numbered or bulleted) for IFRS Adoption : Issues, Challenges and Lessons for Nigeria? I need 5-6 topics in the order that I could discuss.

    Explaining the Groupon Scandal

    Can someone help me with doing an outline (numbered or bulleted) for the Groupon scandal? I need 5-6 topics in the order that I could discuss. I attached the requirements (see attachment).

    Cost and batch accounting

    2. Horton and Sons produces specialty furniture. The company has received an order to create 50 custom tables for a customer. What type of costing method should they use? Inventory costing, Cost of goods sold Batch costing Job order costing Question . Omega Manufacturing bases its rate on dire

    Accounts Receivable, Assets, Liabilities and Earnings

    22. The following calculations have been made for Coos Company: Growth Rate Net sales 10.5% Total accounts receivable 21.3% Allowance for doubtful accounts 2.6% Current Year Prior Year Allowance for doubtful accounts as a percentage of total accounts rec

    Identifying and Analyzing Stock and Cash Dividends

    Identifying and Analyzing Financial Statement Effects of Dividends The stockholders' equity of Kinney Company at December 31, 2011, is shown below. 5% preferred stock, $100 par value, 18,000 shares authorized; 8,000 shares issued and outstanding $ 800,000 Common stock, $5 par value, 200,000 shares authorized; 50,000 shar

    Interpreting Accounts Receivable

    Interpreting Accounts Receivable and Its Footnote Disclosure Following is the current asset section from the W.W. Grainger, Inc., balance sheet. As of December 31 ($ 000s) 2007 2006 2005 Cash and cash equivalents $ 113,437 $ 348,471 $ 544,894 Marketable securities at cost, which approximate market value 20,074 12,827 --

    Managerial Accounting Crosson Needles

    Sevilla Consulting offers environmental consulting services worldwide. The managers of branch offices are rewarded for superior performance with bonuses based on the economic value that the office adds to the company. Last year's operating results for the results for the entire company and for its three officers, expressed in mi

    New Customer Strategy for Coca Cola

    Can someone help me with a new customer strategy? It's for Coca Cola. Customer Valuation and Retention (one paragraph to describe the following sections) Needs-Determination Strategy (two paragraphs) Customer Valuation (two paragraphs) Customer Retention Policies (five policies, one per paragraph)

    Computing Cost of Sales and Ending Inventory

    Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period. Units Unit Cost Beginning Inventory 100 $ 46 Purchases: #1 650 42 #2 550 38 #3 200 36 Ending inventory is 350 units. Compute t

    Straight-line depreciation (Zeibart Company)

    On January 1, Zeibart Company purchases equipment for $220,000. The equipment has an estimated useful life of 10 years and expected salvage value of $25,000. The company uses straight-line depreciation. Four years later, economic factors cause the fair value of the equipment to decline to $85,000. On this date, Zeibart examines

    Cases about stakeholders and ethics

    PRODUCT SAFETY AND ADVERTISING For years, arthritis sufferers have risked intestinal bleeding from the long-term consumption of nonsteroidal anti-inflammatory drugs (NSAIDs) such as Advil, which are used to ease chronic joint pain. Your company, Big Pharma, introduced a new type of painkiller, a COX-2 inhibitor that addresse

    Handling Lifecycles in Software

    As organizations grow and change, their information systems must change as well. Consider these examples: Gazing more at the rowers on the [Schuylkill River] below than on the automobiles ahead, a [Center City Philadelphia] driver slams into the car in front of him, causing an accident that increases the ride home for many comm

    COSO Enterprise Risk Management Framework

    Which element of the COSO enterprise risk management framework is most closely associated with each of the following? a) ALG Corporation bonds key employees. b) Based on previous experience, TRG Corporation's management believes the risk of inventory shortages is moderate. c) BPC Corporation implements a profit-sharing plan

    Implementation of 404 in the SOX Act

    Prepare a paper on the implementation of Section 404 of the Sarbanes-Oxley Act in 2002. Discuss how accountants within an organization are involved in helping their organizations comply with this section. Describe also how accountants in public accounting and consulting are affected by this section of SOX. 1,000 - 1,500 words.

    AICPA vs IMA Code Of Professional Conduct

    500 words in MS word-Compares the AICPA Code of Professional Conduct and the IMA Code of Professional Conduct Describes the purpose and major elements of both codes and compares the two codes Identifies the major similarities Identifies and explains the major differences Format paper according to APA guidelines. http://w

    Risk in Internal Control Procedures

    2. a. Consider the four vignettes: Internal control over cash, Embezzling, information Technology and inventory. For each one, suggest one additional internal control procedure. Discuss whether the procedure you suggest is preventive, detective or corrective; also identify the type of risk it is designed to control based on ris

    Internal Controls Development and Implementation

    Consider the following story from the December 10, 2008 edition of the Las Vegas Review-Journal: Authorities unsealed the indictments of 15 people involved in a Eurasian gang on Tuesday, revealing an organized crime ring that raked in about $1.5 million through stolen credit cards and identity theft in the Las Vegas Valley. The