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Question - You will assume the role of "ethics consultant". You are expected to respond all of the discussion issues listed below and write a memo that presents your arguments and conclusions to the ethics committee members of the client firm. Your memo should be 2 pages in length and typed. The use of a professional, business format is required
Discussion issues:
a. Research has shown that managers use their accounting discretion to boost or depress earnings when needed (e.g., they underestimate bad debt expense to increase earnings). Can you identify conflicts of interest and pressures that could lead to such conduct? What stakeholders might be involved outside of management, what are their interests, and how might their interests be affected by earnings management?
b. Do you think that managing earnings within the boundaries of a given accounting standards is illegal? Is it unethical? Is there a difference? What kinds of questions would be helpful for managers to ask themselves when confronting an ethical dilemma such as this?
c. How would IFRS being principle-based rather than rule-based affect financial ratio comparison involving American and EU companies? Do you think that American and European managers would differ in their likelihood of engaging earnings management? Why?
d. How might business strategies that facilitate "doing good" be made consistent with the goal of increasing profitability?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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