Reference no: EM132908124

Randy Bozarth loosened his grip on the tiller of his sail boat and let the bow turn slowly into the breeze. Soon the craft nosed into the wind and was virtually dead in the water giving Randy time to think about what had been troubling him for days now. If only he had taken an international finance course rather than wasting his time on "fun" electives when in college. But that was in the past and if he had learned anything so far in life it was you cannot change the past. Randy had relocated from the Chesapeake Bay area to the west coast of Mexico a couple of years earlier to be able to sail more and also to experience a different culture. So far he was quite happy with his decision although life 'south of the border' did present some unique challenges. Most of the challenges came from his housing arrangements. Upon moving south he decided he would forgo living in a single family dwelling and instead opt for a condominium. There were several condo complexes to choose from and most were owned predominately by Canadians, U.S. citizens, and Europeans. Randy chose Bahia Mar Condominiums as his home and in general was very satisfied with his choice.

• Given Randy's educational background (B.S. in accounting) and years spent as a hospital controller it was no surprise that he was called upon by his neighbors to assist in the governance of the homeowners association (HOA). With some reluctance he had allowed himself to be elected treasurer of the Bahia Mar HOA's Board of Directors last year. This means that he is obligated to review the quarterly financial statements prepared by the management of the HOA. Additionally he is responsible for presenting the proposed budget for the upcoming year to the annual meeting of all 150 condo owners. It is the budget that is troubling himRandy Bozarth loosened his grip on the tiller of his sail boat and let the bow turn slowly into the breeze. Soon the craft nosed into the wind and was virtually dead in the water giving Randy time to think about what had been troubling him for days now.
• If only he had taken an international finance course rather than wasting his time on "fun" electives when in college. But that was in the past and if he had learned anything so far in life it was you cannot change the past. Randy had relocated from the Chesapeake Bay area to the west coast of Mexico a couple of years earlier to be able to sail more and also to experience a different culture. So far he was quite happy with his decision although life 'south of the border' did present some unique challenges. Most of the challenges came from his housing arrangements. Upon moving south he decided he would forgo living in a single family dwelling and instead opt for a condominium. There were several condo complexes to choose from and most were owned predominately by Canadians, U.S. citizens, and Europeans. Randy chose Bahia Mar Condominiums as his home and in general was very satisfied with his choice. Given Randy's educational background (B.S. in accounting) and years spent as a hospital controller it was no surprise that he was called upon by his neighbors to assist in the governance of the homeowners association (HOA). With some reluctance he had allowed himself to be elected treasurer of the Bahia Mar HOA's Board of Directors last year. This means that he is obligated to review the quarterly financial statements prepared by the management of the HOA. Additionally he is responsible for presenting the proposed budget for the upcoming year to the annual meeting of all 150 condo owners. It is the budget that is troubling himRandy Bozarth loosened his grip on the tiller of his sail boat and let the bow turn slowly into the breeze. Soon the craft nosed into the wind and was virtually dead in the water giving Randy time to think about what had been troubling him for days now. If only he had taken an international finance course rather than wasting his time on "fun" electives when in college. But that was in the past and if he had learned anything so far in life it was you cannot change the past. Randy had relocated from the Chesapeake Bay area to the west coast of Mexico a couple of years earlier to be able to sail more and also to experience a different culture. So far he was quite happy with his decision although life 'south of the border' did present some unique challenges.
• Most of the challenges came from his housing arrangements. Upon moving south he decided he would forgo living in a single family dwelling and instead opt for a condominium. There were several condo complexes to choose from and most were owned predominately by Canadians, U.S. citizens, and Europeans. Randy chose Bahia Mar Condominiums as his home and in general was very satisfied with his choice. Given Randy's educational background (B.S. in accounting) and years spent as a hospital controller it was no surprise that he was called upon by his neighbors to assist in the governance of the homeowners association (HOA). With some reluctance he had allowed himself to be elected treasurer of the Bahia Mar HOA's Board of Directors last year. This means that he is obligated to review the quarterly financial statements prepared by the management of the HOA. Additionally he is responsible for presenting the proposed budget for the upcoming year to the annual meeting of all 150 condo owners. It is the budget that is troubling him

Problem 1: Could you repeat that is the basic accounting equation_____?

Problem 2: Define executive accounting_____

Problem 3: Define public accounting

Problem 4: Pardon is a CPA_______?

Problem 5: Come again is a bank reunion statement______?

Problem 6: Pardon is the primary difference______ between free and cloistered accounting_____?

Problem 7: Could you repeat that is project enactment_______?

Problem 8: Why office standards are binding______?

Problem 9: Tag different twigs of accounting____