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In light of the business scandals of the last few years, does the AICPA's Code of Professional Conduct work? What is the area of greatest concern?
How is the hierarchy of GAAP structured? Are there any higher sources than GAAP?
What are the most important risks for the audit of the acquisition and payment cycles in the automotive industry?
Analysts use the quick ratio (also known as the acid test ratio) and the current ratio. The use of both ratios has become common because
Prepare a proposal for what consulting services SLL should offer and to whom, inlcuding current auditing clients, other clients, or both.
Identify characteristics that distinguish NFP from business enterprises. Specifically identify, from most important to least important, five accounting issues relevant to NFP financial reporting and explain your rationale by reference to existing ..
Conduct research on the selected securities (Ford and UPS) Analyze the organizations' 10K and investment reports, general economic data, and Federal Reserve data.
Which of the following would an auditor most likely use in determining the auditor's preliminary judgment about materiality?
Jim Bingham is considering starting a small catering business. He would need to purchase a delivery van and several equipment costing $125,000 to equip the business and another $60,000 for inventories
In 2013, it is determined that the total estimated life should be 10 years with a salvage value of $5,490 at the end of that time. Assume straight-line depreciation.
Suppose a 40% income tax rate. The cumulative effect of this accounting change on beginning retained earnings is
Discuss contingencies and how they're reported on financial statements. What conditions should be met before a contingency can be charged against income?
Compare the accounting systems in 2 countries with differing legal systems. Explain why each country's system is the way it is.
Write down a memo to Stacey describing the tax consequences of incorporation. As part of your memo analyze the possibility of having the corporation issue common and preferred stock and debt for shareholders’ property and money.
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