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Your department's accounting software is extremely outdated, and you have included the purchase of new software in this year's fiscal budget. You have decided it is time to start looking into purchasing your company's accounting software and have chosen someone in your department to undertake the task. You want to draft a memo for your employee to help guide her in the purchasing process.
Prepare a 350-word memo discussing the factors to consider when choosing accounting software. Be sure to discuss why each factor is important, as well as the risks of not considering each factor.
Which of the following statements is true regarding SFAS 109 and its use of the asset and liability approach?
Why would a publicly traded company prefer to pay a newly acquired company in only stock, in only cash, or decide to use both?
agency funds report assets and liabilities, but not net assets, revenues, or expenses. Briefly explain why this is so. For example, why would an agency fund not have revenue? Why would it not have expenses?
What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?
Fraud is a major concern in the business world.In a few paragraphs, explain the difference between an intentional misstatement of financial statements and misappropriation of assets.
The division sale was completed in March 2010, and Employer refused to pay Employee any part of the net sale proceeds or any accrued net profits. Employee sued to collect her share of the net proceeds of the sale and the net profits accrued as of ..
Garza Co. had the following transactions during the current period. Journalize cash dividends; indicate statement presentation.
Summarize your ideas about internal controls. An introduction to internal controls, explaining in your own words the two primary goals of internal control. A description of how the Sarbanes-Oxley Act of 2002 has affected internal controls
What is the overhead application rate of the manufacturer? What is the product cost of a batch of 1,000 racquets that use 200 direct labor hours at $10 perhour and $5,000 of direct materials.
Find out the minimum space requirements for a factory shed, where such lathes are to be installed. The production is done on single shift basis, @ 8 hrs per day for a week of 6 working days and for 50 weeks/year.
Discuss contingencies and how they're reported on financial statements. What conditions should be met before a contingency can be charged against income?
Jan Green established a savings account for her son's college education by making annual deposits of $6,000 at the beginning of each of six years to a savings account paying 8%.
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