User Account

All Pages

Discuss what hoger have to gain by advocacy

Assignment Help Financial Accounting
Reference no: EM132544748 , Length: Word count : 1050

When the FASB issues new standards, the implementation date is often 12 months from date of issuance, and early implementation is encouraged. Becky Hoger, controller, discusses with her financial vice president the need for early implementation of a standard that would result in a fairer presentation of the company's financial condition and earnings.

When the financial vice president determines that early implementation of the standard will adversely affect the reported net income for the year, he discourages Hoger from implementing the standard until it is required.

Write a response of 750 to 1,050 words in which you answer the following requirements:

Question 1: Determine an ethical issue that is involved in this case if any.

Question 2: Identify if the financial vice president acting improperly or immorally.

Question 3: Explain what Hoger have to gain by advocacy of early implementation.

Question 4: Identify who might be affected by the decision against early implementation.

Reference no: EM132544748

Questions Cloud

Development of effective work relationships : Explain how systems, policies and procedures can support the development of effective work relationships focusing
What are the functions and roles of cultural differences : What are the Functions and roles of cultural differences in a workspace and How can we tell that we are dealing with cultural difference
Explain blue ocean strategy specific to itunes : Explain Blue Ocean Strategy specific to iTunes. Must include the specific company events leading up to 2020.
Use of fertility drugs and ovarian cancer : Stanford University medical researchers conducted a study on the correlation between the use of fertility drugs and ovarian cancer.
Discuss what hoger have to gain by advocacy : Discuss what Hoger have to gain by advocacy of early implementation. Identify who might be affected by the decision against early implementation.
How fluent do think are in the food associate : How does Kothari's essay challenge your preconceived notions about India and Indian food? How "fluent" do you think you are in the food associate
Devising and implementing mechanisms : How to devising and implementing mechanisms to promote knowledge transfer for Nike company
Explain which systems you feel are mission critical : Explain which systems you feel are mission critical. Then explain how the loss of these systems would affect the organization.
Compare and contrast achievement culture with clan culture : Compare and contrast the achievement culture with the clan culture. What are some possible disadvantages of having a strong clan culture?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate emma''s basis in her partnership interest

How much gain, if any, must Emma identify on the transfer? Must Laine recognize any gain and evaluate Emma's basis in her partnership interest?

  Find height at which top end of ladder touches the wall

Find the height at which the top end of the ladder touches the wall, given that it is more than the distance of the foot of the ladder from the wall?

  Discuss significant differences between ifrs and gaap

Discuss significant differences between IFRS and GAAP. Identify which you prefer and state why. The convergence process is likely to lead to the acceptance of the IFRS approach. Explain whether or not you agree with this decision.

  Which one should be repaired first from a cost effectiveness

If the bridge department only has sufficient resources to repair one bridge per year, which one should be repaired first from a cost effectiveness perspective

  Forecasted contribution margin income statement

Assume the company is considering investing in a new machine that will increase its fixed cost by $40,500 per year and decrease its variable costs of $9 per unit. Prepare a forecasted contribution margin income statement for 2016 assuming the compani..

  Using the accrual basis of accounting

General Electric's revenue for March is $75,000, but only $15,000 cash is collected. Expenses for March are $41,000, of which $28,000 is paid in cash. During March, additional capital stock is issued in exchange for $5,000 cash. Using the accrual bas..

  Determine the simple rate of return on the new automated

determine the simple rate of return on the new automated bottling machine.the management of ballard microbrew is

  What is the unit cost for the direct materials

What is the unit cost for the direct materials for 2011, assuming 500,000 units are produced direct materials costs ate $4.30 per unit when 200,000 units are produced? Changes in accounting principle are always handled in the current or prospective p..

  Compute for the total amount paid by anne to dune

Compute for the total amount paid by Anne to Dune to acquire the investment,On July 1, 2019, Anne Company purchased 20% of the outstanding

  What are the net present value-internal rate of return

Centaur Corporation is considering the purchase of an annex to one of its buildings. The annex will cost $10,000,000. Centaur estimates that the building annex will save it $900,000 in rent in its first year, and that the rent savings will increase b..

  Uses the effective-interest method of amortization

The company uses the effective-interest method of amortization. Interest is paid on June 30 and December 31. On June 30, 2015, several years before their maturity, the company retired the bonds at 104 plus accrued interest. The loss on retirement, ig..

  Analyze the effect of the issuance of the note

Non-Interest-Bearing Notes Payable On October 1, 2014, Timur Enterprises borrowed $18,200 from Redhills Savings and Loan by issuing a 12-month note. The bank discounted the note at 9%. Identify and analyze the effect of the issuance of the note. Acti..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd