Does an accountant really need to understand concepts

Assignment Help Accounting Basics
Reference no: EM132746661

Question: Does an accountant really need to (a) understand concepts underlying files and data structures and/or (b) be aware of the specific sub-schema of a database that they are expected to use? Explain your answer with examples. The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132746661

Questions Cloud

What is the fasb and what does this organization do : Explain what is meant by Generally Accepted Accounting Principles (GAAP). What is the FASB, and what does this organization do?
Explain the notion of management bias : Explain the notion of management bias in financial reporting and the issues related to ethics and financial accounting. The response must be typed.
Prepare journal entries to record the transactions : Following is the shareholder's equity of Valdez Corporation on Jan. 1, 2018:Ordinary Shares, P100 par P6,000,000. Share Premium 500,000.
What is the amount of refund cypress can expect to receive : Cypress Corporation, a calendar year end corporation, has an AMT credit carryforward from 2018 (the credit arose in 2017) in the amount of $43,000.
Does an accountant really need to understand concepts : Does an accountant really need to (a) understand concepts underlying files and data structures and/or (b) be aware of the specific sub-schema of a database.
How the fasbs conceptual framework is needed : Explain and show an example of how the FASB's conceptual framework is needed in formulating standards on controversial topics. The response must be typed.
How many kilograms were purchased : The standard cost of the material was P2.00 per kilogram and there was an unfavorable materials price variance of P3,250. How many kilograms were purchased?
How much is the sales revenue required in order to earn : P2,100,000 and contribution margin is estimated to be 20% of sales revenue. How much is the sales revenue required in order to earn the desired income?
How much is the total variable costs at break-even point : Given a selling price of P80 per unit, contribution margin ratio of 30% and a fixed costs of P240,000, how much is the total variable costs at break-even point

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare and provide adjusting journal entries

Prepare and Provide adjusting journal entries statement. On 31st July 2017, after the depreciation charge was made, the company sold some surplus

  The bus maintenance and preparation cost above is an

lakeside tours operates a large number of tours throughout the united states. a study has indicated that some of the

  Find the financial statements for the publicly traded

find the financial statements for a publicly traded company that provides segmented financial information. prepare an

  Raw material is added at the beginning of processing

Raw material is added at the beginning of processing in the finishing department. The work in process inventory was 70% complete in terms of conversion costs

  Examine the key inferences of corporate ethics

Examine the key inferences of corporate ethics related to internal controls and accounting principles which lead to the litigation or fine for the accounting firm.

  Amortization on interest payment dates

Without prejudice to your solution in part a, assume that the issue price was $884,000. Prepare the amortization table for 2008, assuming that amortization is recorded on interest payment dates.

  Describe significant long term assets purchased

Describe significant long term assets (type and amount) purchased, sold, or retired during the current period as well as last year.

  Sams employment contract as chief executive of a large

sams employment contract as chief executive of a large corporation waws terminated and he was paid 500000 not to work

  What is the net operating income

Calder Corporation manufactures and sells one product. Required: What is the net operating income

  What items and amounts appear in the cash flows

What items and amounts appear in the cash flows from investing activities and cash flows from financing activities sections of its statement of cash flows

  Calculate direct material cost and conversion cost

Cool Fizzy Ltd's division A produces soft drinks in standard sizes. Calculate direct material cost and conversion cost per equivalent unit for month of January

  Which the debit entry to interest expense is for

On January 1, Pacer Corporation issued $2,000, On third interest payment date, using the effective-interest method, the debit entry to Interest Expense is for

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!

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