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Discussion: Ethics in Accounting
As a finance manager, part of your job is to prepare the Notes and MD&A portion of the annual report. Your supervisor has asked you to omit certain matters that would have a profound impact on the financial accounts of the organization. You wonder if he/she is testing your loyalty to the supervisor or testing the responsibilities as a professional manager.
Describe how you would respond to this situation. In your response, describe leadership characteristics of the managerial accounting profession. State the standards/principles you must follow according to IMA.
In explaining to the supervisor how disclosure notes are an integral part of the information provided in the financial statements, describe why the notes are a critical process in understanding the financial statements and in evaluating the company's performance and financial health.
abel and baker had beginning capital balances of 20000 and 16000 respectively. the two partners fail to agree on a
the sarbanes-oxley act of 2002 requires companies and their independent accountants toreport on the financial
Also if Cutter Enterprises purchased equipment for $87,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $4,500.
The Black Hole, a unit of the Space Department, was established October 1, 2013. Its purpose is to probe deep space. It is financed by an appropriation from Congress. Following are the transactions of the agency during October 2013:
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In completing his Federal income tax return for both 2004 and 2005, Chester intends to file as head of household and to claimHeloise as his dependent. Comment on the propriety of what Chesterplans to do.
MJ Company has identified the following items. Indicate whether each item is included in an account in the Stockholders' Equity category of the balance sheet and identify the account title. Also, indicate whether the item would increase or decreas..
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Stellar Packaging Products uses absorption costing to compute additional compensation eligibility for managers. In December, Stellar Packaging Products' controller, Robin Simmons, noted that a considerable production overrun was experienced, resu..
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