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    Accounting

    Professions within accounting

    Write a paper of 700-800 words that accomplishes the following: Define a "profession." Provide at least three examples of specific professions within accounting and justifying your assertion that they are in fact professions. Describe the seven characteristics of a profession. Define a "professional." Describe the characteri

    Accounting Information Systems, Hierarchical Coding and Control

    1.What are the three major types of funds found in most local government accounting information systems? 2. What is "hierarchical coding" with respect to a chart of accounts? How would hierarchical coding be useful for companies? 3. What is internal control? Why is it a fundamental part of accounting information systems?

    Changes to Accounting and Error Analysis

    Please be advised that this is only a discussion not a test or assignment and not an essay. I required at least 200 words. Thank You Assess and discuss the criteria and procedures involved in accounting changes and error analysis. What are the major reasons why companies change accounting methods? Explain the three approaches

    True/False questing on accounting information systems

    4. Statement evaluation. designing and implementing accounting information systems requires judgment and critical thinking. Your job is to explain whether each statement is (i) always true, (ii) sometimes true, or (iii) never true. If you answer (ii), explain when the statement is true. a. Data in an accounting information s

    Accounting Scandals - Tesco

    Included is a link to a recent article discussing that even though we have had a number of high profile accounting scandals in recent history, they are still occurring at a fairly alarming rate. http://www.economist.com/news/briefing/21635978-some-13-years-after-enron-auditors-still-cant-stop-managers-cooking-books-time-some

    DuPont Model

    Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) February 27, 2010 February 28, 2009 March 1, 2008 Revenue $ 49,694 $ 45,015 $ 40,023 Cost of goods sold 37,534 34,

    Accounting Information Systems and Technologies

    1. What are the essential elements of an accounting information system? 2. What does AIS mean to you? How do you incorporate AIS into your daily life? 3. Does the presence or absence of computers and other forms of information technology determine whether or not a business has an accounting information system?

    US GAAP vs. IFRS: Shareholder equity section

    Please help with the following problem. Briefly describe some of the similarities and differences between U.S. GAAP and IFRS with respect to the accounting for stockholders' equity.

    NNO, NOPAT, NOA, RNOA, NOPM, NOAT, NOR, ROE Calculations

    Analysis and Interpretation of Profitability Balance sheets and income statements for Nordstrom, Inc. follow. Refer to these financial statements to answer the requirements. NORDSTROM, INC. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2010 2009 2008 (numbers listed underneath by order) Sal

    Comprehensive Account Posting Problem

    The ledger of AISExperts Inc. showed the following balances after adjustment, but before closing, on December 31, 2015, the end of the current year: Supplies 1000 Accounts payable 78000 Accounts receivable 102000 Accumulated depreciation - equipment 27000 Depreciation expense 1200 Interest revenue 1025 Cash 80500 Commo

    Creating and Reporting Intangible Assets

    What are the main characteristics of intangible assets? How are they presented in the balance sheet? How do you estimate their usefulness? Why is there a distinction between purchased and internally created intangibles?

    Deprciation of Fixed Assets

    Give two examples of fixed assets that you believe should be depreciated with different methods. Do not identify the appropriate methods.

    Property Tax: Assessment Problem

    Over the last few years, many people have experienced situations in which the property they purchased several years ago was assessed at a higher value than it would be in today's market. Often, when one tries to appeal the assessment, the board of assessors can actually rule that the assessed value is higher than the value at wh

    Absorption, variable costing, cost variances & joint cost

    Problem 1 Part A The Best Company uses absorption costing for external reporting and variable costing for internal managers. In January 2014, their first month of operation, the accountant collected the following data; Beginning inventory 0 units Standard and actual production volume 2,000 units Sales volume

    CVP Memo

    Instructions Review the following memorandum and provide a response to the information requested. DATE: September 12th FROM: Senior Consultant TO: Consulting Team RE: Projections for Upcoming Year A smaller 2-year old emerging venture is set to enter a new segment of its original target market, with a modified version of

    Procedures in Collecting Forensic Evidence

    As corporate controller for Apollo Shoes, you are tasked to find and explain any irregularities in the Apollo Shoes Case. Resource: Apollo Shoes Casebook Define the process you will use and address the following questions: What procedures will you use to collect accounting evidence? What sampling tools and techniques will yo

    Movie Accounting: Forrest Gump

    Forrest Gump was one of the biggest movie hits of 1994. The movie's fortunes continued to climb in 1995, as it took home Oscars in six of the 13 categories in which it was nominated, including best picture, best director and best actor. One analyst has estimated that the film could generate cash flow as much as $350 million for

    Environmental Accounting: Capital Budgeting

    Please answer the following questions and fill the spreadsheets in the attached file. Problem 1 Use the process and cost information provided below to assess the feasibility of the following pollution prevention projects using (only) the TCA balanced approach and the spreadsheets provided (please see the attached file).

    Reporting Bonds Issued at Par LO 10-2

    P10-2 Reporting Bonds Issued at Par LO 10-2 On January 1, 2014, Nowell Company issued $500,000 in bonds that mature in five years. The bonds have a stated interest rate of 8 percent and pay interest on June 30 and December 31 each year. When the bonds were sold, the market rate of interest was 8 percent. (If

    Urban Outfitters: Statement of Cash Flows

    Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book (or at http://www.sec.gov/Archives/edgar/data/912615/000119312512146029/d276682d10k.htm). 1. Does Urban Outfitters use the direct or indirect method to report cash flows from operating activities? Answer: Indirect Method

    Depreciation at Delta Airlines: The "Fresh Start"

    Estimating depreciation for matching with revenues during an accounting period requires determination of the cost, estimation of the life and residual value, and selecting a pattern for reporting depreciation over the life of the asset. Aircraft used by commercial airlines are expensive, have a finite life, and are sold and reso

    Subeo versus Dragon's Den

    The inventor of Subeo, a UK company that was formed in 1993 to develop small state-of-the- art underwater vehicles, is looking for a substantial investment from the dragons. You will see in the attached transcripts that a heated discussion arises about the value of Subeo's assets. Ultimately, the asset debate and related firm va

    Preparing the Stockholder's Equity Section in a Balance Sheet

    Witt Corporation received its charter during January 2014. The charter authorized the following capital stock: Preferred stock: 10 percent, par $10, authorized 21,000 shares Common stock: par $8, authorized 50,000 shares. During 2014, the following transactions occurred in the order given: a. Issue

    Facebook's GAAP to Pro-Forma Income

    In order to answer these questions, you will need to review the attached files. What information can the pro-forma earnings number provide that the GAAP earnings number does not? Give examples from Facebook of the possible differences that might exist between the two earnings numbers. What are the potential advantages and