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1) Do you think a uniform set of accounting standards across all nations will work? Provide pros and cons to your argument. Provide Reference in APA format and maximum of 200 words.
2) Many companies hold equity securities of other companies as investments. The journal entries and accounting methods differ, depending on the percentage of interest held. Discuss briefly the various categories of these investments and why the accounting approach differs. Provide reference in APA format and Maximum 250 words.
3) There are differences between financial statements prepared for calculating income taxes and those prepared for financial reporting purposes. The former is prepared according to the Internal Revenue Code while the latter is prepared according to GAAP. What are the differences between the objectives of financial statements for calculating tax liability and financial reporting? Provide reference in APA format maximum 200 words.
4) The most common types of pension plans are the defined-contribution plan and the defined-benefit plan. Discuss the advantages and disadvantages of each. Provide reference in APA format and maximum 200 words.
Would King & Queen be liable to EFL and Would your answer change if EFL had written to King & Queen advising you that they intended to make a loan to Impulse and were relying on the 2012 audited financial report to assist them in making their decis..
Your firm has been hired as an outside auditor to conduct an audit on a growing software company that is getting ready to go public. The company has been in business for approximately five years, and the Controller position has had three different..
The term of the noncancelable lease is6years, with no renewal option. The equipment reverts to the lessor at the termination of the lease and equal rental payments are due on January 1 of each year, beginning in 2012.
From the audit perspective, what are the main risks areas in MPA? Prepare a formal proposal to be submitted to theChairman of MPA
Beginning of the year and total assets of $2,065,300 and total liabilities of $806,640 at the end of the year and partnership liabilities consist of accounts payable, and Mark, as general partner, is legally responsible for paying these liabilities ..
What are the typical general components of an audit program? What purpose do these components serve? Which component is most important? Explain why.
Distinguish between vulnerabilities and threats. Provide examples that illustrate these distinctions. In what way are vulnerabilities and threats related to consequences of the threats that are carried out?
Determine the significance of the notes to the financial statements - Clarify the process by which fund financial statements are converted to government-wide financial statements.
Once a company has received a going-concern audit opinion, speculate to likelihood that company will remain in business.
Compute the ending balance of accounts receivable on 12/31/10. Compute the accounts receivable turnover ratio for 2010. Computer the average collection period in days.
Can a nonprofit (not-for-profit) organization release restrictions on a "strike fund" and use it in the general fund for current year activity? Why or why not?
What happens if the company doesn't expect to turn profitable for the foreseeable future, thus calling into question whether the company will ever get to use the tax benefit of its deferred tax asset from the NOL carryforward?
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