Stacy Cummins, the newly hired controller at Merced Home Products, Inc., was disturbed by what she discovered about the standard costs at the Home Security Division, she noticed that the first-quarter profits were always poor, the second-quarter profits were slightly better, the third quarter profits were again slightly better,
Determine the correct category for the following items a to d and explain your rationale (Unrestricted, Temporarily Restricted, and Permanently Restricted Net Assets): a) Revenue from gift shop sales b) Donor gives cash to the organization, specifying it cannot be used until the following year c) Donor makes a pledge f
Many consultants are advising diversified companies in emerging markets such as India, South Korea, Mexico, and Turkey to adopt corporate strategies proven to be of value in advanced economies like the U.S. and the U.K. What are the pros and cons of this advice?
Please help answer the following questions regarding bonds. Capital market is mainly for raising of long-term finance, products traded are normally government bond, corporate bonds etc. 1. What is the difference between corporate and government bond? 2. Explain why do municipalities and state-owned enterprise issue bon
This posting looks in specific at a selected government organization and how it manages it planning and control functions.
Select a government organization and discuss how they manage the planning and control function on an annual basis. Discuss how they allocate costs between operating units and why the methodology is important
Many people blame financial deregulation for the downfall of the financial sector. Do you agree or disagree? Please be specific, especially about the nature of the relevant deregulation.
White paper outlining the evolution of banking regulation in the United States. Beginning at reforms in the 30's (Glass-Steagall Act) enacting in response to the banking crisis' portion of the Great Depression, the paper makes a case for why financial deregulation of 1999 (Gramm-Leach-Bliley Act) was not directly to blame fo
Discuss the proper penalty for a strike of government employees, such as those providing an essential service to the public. In the New York City Transit Strike, penalties were assessed to the union president and the members. Do you consider these fair and appropriate? Link to article: http://en.wikipedia.org/wiki/2005_Ne
The increased availability of readily accessible information has provided professional accountants with news of changes in the industry that can impact their roles. Fortunately, immediate access to changes in laws, regulations, and standards is available through the websites of both federal and state governments, as well as asso
Match organizations associated with the public accounting profession's actOrganizations associated with the public accounting profession Several private and public sector organizations are associated with the profession. Listed below are activities pertaining to these organizations. 1. License individuals to practice as CPAs. 2. Promulgate GAAP. 3. Issue Statements on Auditing Standards. 4. Regulate the distribution and trading of securities offered for public sale. 5. Establish its own code of professional ethics. 6. Issue Statements of Financial Accounting Standards. 7. Impose mandatory continuing education as a requirement for renewal of license to practice as a CPA. 8. Issue disclosure requirements for companies under its jurisdiction that may exceed GAAP. 9. Issue auditing interpretations. 10. Cooperate with the AICPA in areas of mutual interest such as continuing professional education and ethics enforcement. 11. Take punitive action against an independent auditor. 12. Establish accounting principles for state and local governmental entities. 13. Establish GAAS. 14. Suspend or revoke a CPA's license to practice. 15. Establish quality control standards. 16. Operate as proprietorships, partnerships, or professional corporations. 17. Issue government auditing standards. 18. Administer federal tax laws. Required Indicate the organization or organizations associated with each activity.
Organizations associated with the public accounting profession Several private and public sector organizations are associated with the profession. Listed below are activities pertaining to these organizations. 1. License individuals to practice as CPAs. 2. Promulgate GAAP. 3. Issue Statements on Auditing Standards. 4. Regu
Prepare ledgers for all journal entries, include trial balance and statement of revenue a estimated Revenue- property taxes 275000 estimated Revenues - licence Fees 35,000 Appropriations - salaries 205,000 Appropriations - Supplies 40,000
Wage rates in the United States are higher than similarly skilled workers in other countries such as China, Mexico and India. Consequently, many U.S. businesses have outsourced their manufacturing and production needs to take advantage of these lower wage rates. Discuss how, working collaboratively, the federal government and U.S. businesses can modify employee compensation packages to become more globally competitive. My text says, "The components of a compensation package vary significantly among different regions of the world and even country by country. Two major factors that influence the design of compensation packages are (1) major differences in tax rates and tax deductions from country to country, and (2) government-provided or -directed social security and welfare systems" (p.34). It seems simple enough - but I am still coming up blank on how they can modify these packages to become more globally competitive??
Wage rates in the United States are higher than similarly skilled workers in other countries such as China, Mexico and India. Consequently, many U.S. businesses have outsourced their manufacturing and production needs to take advantage of these lower wage rates. Discuss how, working collaboratively, the federal government and U.
21-24 Operational auditing; 21-26 Government auditing standards See attached for detailed requirements Modern Auditing 8e 21-24 Operational auditing Required a and b 21-26 Government auditing standards 15 questions See questions and requirements attached
Case analysis: Registration of stock issue for Langley Brothers in Kansas with SEC. It discusses the exempt securities pursuant to the Securities and Exchange Act and regulation A.
Langley Brothers, Inc., a corporation incorporated and doing business in Kansas, decides to sell no par common stock worth $1 million to the public. The stock will be sold only within the state of Kansas. Joseph Langley, the chairman of the board, says the offering need not be registered with the Securities and Exchange Commi
For many global companies, China represents a very attractive market in terms of size and growth rate. Yet, it ranks lower in terms of economic freedom and higher in political risk than other country markets because it has a communist government. Despite these risks, Volkswagen, Isuzu, and Boeing are just a few of the hundreds of companies that have established manufacturing operations in China. This is due in large part to the Chinese government making sales in China contingent on a company's willingness to locate production there. The government wants Chinese companies to learn modern management skills from non-Chinese companies and acquire technology. Some observers believe that when Western companies agree to such conditions, they are bargaining away important industry knowledge in exchange for sales today. Should Boeing and other companies go along with China's terms, or should they risk losing sales by refusing to transfer technology?
For many global companies, China represents a very attractive market in terms of size and growth rate. Yet, it ranks lower in terms of economic freedom and higher in political risk than other country markets because it has a communist government. Despite these risks, Volkswagen, Isuzu, and Boeing are just a few of the hundreds o
The following information was drawn from a county's general fund budgets and account for a particular year (in millions). Amended Budget Original Budget Actual Results (Budget Basis) Revenues Property Taxes $46.6 $42.5
In an essay, describe your chose industry's receptivity to unionization. What are the factors that lead you to your determinations? Perform a labor market analysis to support your conclusions. In your analysis, be sure to include any data you can find on the labor and capital tradeoff for your industry. Also include: Regu
1. What form of partnership allows some of the investors to limit their liability? Explain by giving examples. 2. When does insider trading occur? What government agency is responsible for protecting against the unethical practice of insider trading? Explain by giving examples. 3. Explain how the tax code allows
See attached file. Evaluate the findings of the authors in regards to the validity of introducing performance contracts into a branch of government in The Netherlands. Analyse the effectiveness of the performance measurement system discussed in terms of crime and employee satisfaction. Support your argument with evidence from
The basic group plan is a group term life insurance coverage in which all eligible employees are put into the plan as soon as they are hired, except for those who opt out of the plan. The basic group plan covers an employees annual basic pay rounded up to the nearest $1000 with an additional $2000. There are three options (option A adds $10,000 to the basic plan, Option B offers adds up to 5 times the employees basic pay, option C offers coverage for an employees spouse and eligible children). An employee can add on after they are enrolled in the basic plan. The government will pay for one third of the premium and the employee will pay the other two thirds of the basic group plan. The plan does not have offer a paid-up cash value. There is a coverage of accidental death and dismemberment in the basic and option A plans at no cost while there is none for option B and C (www.opm.gov). There are plans than pay significantly higher than others. There are also plans you can borrow against. In the end, our individual needs must be met as well as keeping budgetary concerns in mind. 1-We all need the coverage but at what price? All coworkers have different wants and different needs when it comes to life insurance plans. This is an area that no one want to talk about but at some point, those left behind will need this benefit. 2-What would coworkers want to consider as a part of the plan design? II-These benefits are very important. My wife and I always took advantage of these benefits when offered. 1- The insurance changes drastically when you buy insurance on your own?. 2- you must consider the entire benefit package as opposed to just salary? Why?.
Answer the questions is Employee Benefits Course: Human Resources. Please use your own words and it not allowed plagiarism, copy and paste or use website article and copy as answer or use your own thoughts. Thank you, I need the answer as soon as possible, I appreciate your help. I know you go to do wonderful job. I-The b
Do tax policies play a role in the ability to achieve market efficiency? What will the effect be if government promotes production through various programs and then raises taxes on small businesses?
Do tax policies play a role in the ability to achieve market efficiency? What will the effect be if government promotes production through various programs and then raises taxes on small businesses? Yes tax policies do play an important ... Download the detailed solution
Other than having oversight in business combinations, which serves to prevent monopolies, what has government done to assure that businesses are conducting themselves in an ethical manner? Is it working and how has it affected the economy?
Many corporations and government entities have an internal auditing function and a separate fraud investigation function either as a subunit of internal auditing or security or as a separate unit within the organization. In addition, many accounting and consulting firms have a forensic, investigation, and litigation support services. The financial forensic investigation techniques and procedures used both within an organization as well as within a professional service firm can come in different ways. For example, some forensic techniques for analyzing financial statements are common for financial auditors, fraud auditors, forensic accountants, and investigators. Other techniques, such as using behavior detection methods and interviewing methods, are primarily used in specific fraud investigation engagements. Please post an answer to the following questions. Support your answers with academic or real life criminal justice examples to accentuate your point. - In your opinion, are internal controls an effective way to protect organizations of internal and external fraud? Why? - Do you think that it is a wise investment to contract services that provide security against fraud or should it be an in-house department that provides fraud security services? Why?
Many corporations and government entities have an internal auditing function and a separate fraud investigation function either as a subunit of internal auditing or security or as a separate unit within the organization. In addition, many accounting and consulting firms have a forensic, investigation, and litigation support serv
Read the following excerpt from the Wall Street Journal: The smell of the greasepaint and the roar of the crowd, indeed. The circus of yesteryear, loved by children and fondly remembered by older folk, keeps running smack into the modern world. In 1992, tents must fall within local fire codes. If the clown isn't a U.S. citi
Please answer this questions. (Human Resources Questions) First: Other than the mandates of the Internal Revenue Code (IRC) and a few other ineffectual reporting and disclosure requirements, benefit programs were practically unregulated by the federal government. Before the major shift that came with the enactment of the Em
State government is perceived to be slow to change and adapt new ideas in management and business operating practices. What would be the best way to implement new theories into practice? Would the continuous change in elected officials create a difficult atmosphere for implementing and successfully using new management and busin
While the SOX Act of 2002 as many different sections, it would be important to focus on some of the major changes that were implemented. AUDITORS: First the act called for the creation of the PCAOB (Public Company Accounting Oversight Board), which in effect is a Government entity that controls public accounting. This is a major change in profession. For many years the profession was self-regulated. That is there was no direct Government involvement. With the PCAOB this entities charter is to audit the auditors. Another change was the type of services that could be offered and the approval authority for those services. In this case services must be approved by the Audit Committee of the Board of Directors and secondly auditor can not offer or provide certain services to their audit clients. This includes consulting services, accounting services, IT services, certain tax services and any other service that would cause a conflict of interest. This section was in direct response to the critics that argued that Anderson sold out to Enron as they were also the consultants to this company and was in effect advising the company on the services that were being audited. COMPANY: The major change directly affected executive management. While there were other processes in place that indicated that management was responsible for the financial information presented to the general public, SOX forced the executives (CEO and CFO) to provide a quarterly certification letter indicating that the necessary internal controls are in place, operating and effective. On the other hand, SOX provides under Section 302 that the management assessment of the control environment shall be audited by the external auditor and that the auditor would provide a report on the internal controls. DISCUSSING CHANGES: With these issues in mind, it will be important for each one of you to research the SOX Act in more detail, read current literature on how this affects your organization (if applicable) or the business community in general.
While the SOX Act of 2002 as many different sections, it would be important to focus on some of the major changes that were implemented. AUDITORS: First the act called for the creation of the PCAOB (Public Company Accounting Oversight Board), which in effect is a Government entity that controls public accounting. This i
Describe the market trends that a Auto Industry will face. Explain your conclusions. Address how each of the following will or will not change, and why: Productivity: Consider the law of diminishing marginal productivity Cost structure o Wages and benefits o Fixed and variable costs Price elasticity of demand Effec
See attached file. Complete the external environmental scan for your organization. Perform an internal, competitive environmental scan for your organization. Write a summary that does the following: - Identifies and analyzes the most important external environmental factor in the remote, industry, and external operatin
I need help with a Current Market Conditions Paper only of no more than 850 words analyzing the current market conditions of the Auto industry with no plagiarism to do my power-point slides(Iâ??ll do the PWP). Make sure to list all the references. Address the following topics: SEE BELOW â?¢ Supply and demand analysis
Does SOX imply that the primary purpose of laws governing corporate responsibility is deterrence? And what ethical theories support the regulation?
Does SOX imply that the primary purpose of laws governing corporate responsibility is deterrence? And what ethical theories support the regulation?