Evaluating an economic event

Assignment Help Accounting Basics

Reference no: EM1365150

Evaluating an Economic Event

Today's accounting professional must be able to understand and critically evaluate a variety of contexts and situations to develop the best solution to a particular circumstance.

Consider your professional experience and knowledge gained from reading as you answer the following Discussion question:

(1) What does it mean to critically evaluate an economic event or resource in the context of an accounting standard;

(2) what is actually being evaluated and how?

(3) Based upon your professional experience, provide an example of an event that you would have or have critically evaluated.

Please make sure that you enumerate your answers and follow APA guidelines in your citations and references. Be aware that for this discussion forum, should include some level of research.

Reference no: EM1365150

Questions Cloud

Sociological-economic-legal or political implications : Identify and evaluate the ethical principles used in resolving ethical dilemmas, and to apply the principles to specific ethical issues that may have professional, sociological, economic, legal or political implications.

Calculate effective annual interest rate : Suppose you have worked out a line of credit arrangement that allows you to borrow up to $50 million at any time. The interest rate is .425% each month.

Change in accounting method : At the beginning of 2011, Red decided to change the depreciation to the double-declining balance method. The residual value remains at $4 million. Ignoring income taxes, what will be Red's depreciation expense for 2011?

Illustrate what is projected credit markets : Illustrate what is projected credit markets. How do you use this to make business decisions. Also how would investment or returns on excess cash affect a auto business.

Evaluating an economic event : What does it mean to critically evaluate an economic event or resource in the context of an accounting standard and what is actually being evaluated and how?

Capacity management problem - planning for future : Capacity Management problem - Planning for future If demand is expected to be 75 percent of the current level in five years and management wants to have a capacity cushion of just 5 percent, what capacity requirement should be planned?

Explain does a person who works for the government : Explain Does a person who works for the government have fewer rights than a person who works for a private employer?

Conducting a cost benefit analysis-health care service : What are the advantages of conducting a cost-benefit analysis on a new health care service an insurance company is considering, such as screening for prostate cancer as a covered benefit?

Discusss the effects to the equilibrium price level and gdp : Discusss the effects to the equilibrium price level and GDP. Make sure to address consumption, disposable income, and aggregate demand in your answer.

User Account

All Pages