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"General Ledger and Reporting Systems" Please respond to the following:
Your firm is planning to move to International Financial Reporting Standards (IFRS) reporting within the next fiscal year. Analyze the risks and rewards by moving to IFRS and the impact that technology will have on the change. Include the advantages and disadvantages of IRFS compared to the Generally Accepted Accounting Principles (GAAP). Provide specific examples to support your analysis.
Develop a proposal for migrating your firm to IFRS from GAAP. Discuss how you will educate your users in IFRS.
The payments will be made on December 31 of each year, beginning on December 31, 2012. If the current interest rate is 6.5%, determine the present value of your winnings.
on january 1 20x5 p company purchased in the open market 71250 of the 75000 par value 8 ten-year bonds of s company for
a. on february 15 paid 190000 cash to purchase american generals 120-day short-term notes at par which are dated
On December 1, 2010, Colin Mochrie Company collected $40,000 for consulting services to be performed from December 1, 2010, through March 31, 2011.
ring incorporateds income statement for the most recent month is given below.picturefor each of the following questions
Prepare the long-term liabilities section of CPS Transportation's December 31, 2011, balance sheet.
collier corporation has income before income taxes of 532000 in 2011. the current provision for income taxes is 105000
Why might overhead be under-applied and how can you prevent it? Explain predetermined overhead rate and show its computation. What is the best allocate base to use and why? What factors do you consider when deciding on an allocation base?
For many months your prospective ERP customer has been analyzing the hundreds of assumptions built into the $800,000 ERP software you are selling. So far, you have knocked yourself out to try to make this sale.
On January 1, 2013, Williams Company purchased a copy machine. What is the depreciation expense for 2014 using double-declining-balance method
What evidence does GI present to support the view that Canada had entered a recession?
Under what circumstances must an NFPO recognize a contributed work of art as revenue? Under what circumstances does the organization have an option not.
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