Reference no: EM132742691
You have just been hired as the company's new accountant.
1. Describe the following accounting concepts and principles:
a. Entity concept
b. Reliability (objectivity) principle
c. Cost principle
d. Principles and practices that distinguishes each accounting types: Financial, Managerial, Cost and Taxation
2. Explain financial statements according to Generally Accepted Accounting Principles (GAAP) and how they are interrelated
3. Discuss the impact of professional code of ethics on financial reporting
4. Identify and discuss two compliance issues that may plague the accounting department that relate to the Sarbanes Oxley Act
5. For a small to medium sized organizations complete the following:
a. Example of a Chart of Accounts
b. Definition of Normal Balances for debits and credits
c. Examples of 6 journal entries
d. An outline the accounting cycle
e. Discussion of 2 major principles or concepts that might impact your accounting department (Revenue Recognition, Depreciation, Matching, etc.)
|
Calculate the taxable benefit in the forth month
: Calculate the taxable benefit in the 4th month. Jonny took $20,000 loan from his employer, with an agreement to pay $1000 instalment every month
|
|
Explain the decisions about the organizations policies
: As a social worker, you bring your own lens-that is, your own set of assumptions, biases, beliefs, and interpretations-into your interactions with clients.
|
|
Prepare a payroll summary for flexco inc
: Prepare a payroll summary for Flexco Inc. for the week ended December 9. Use the following columns: Employee, Total Hours, Regular Earnings
|
|
How social work administrators might apply leadership roles
: Social work administrators can use their roles as leaders to increase cultural competency within their organizations and, thus, help to create positive social.
|
|
Generally accepted accounting principles
: You have just been hired as the company's new accountant. Explain financial statements according to Generally Accepted Accounting Principles (GAAP)
|
|
Prepare the entry to record the receipt of interest on july
: On January 1, 2021, Teal Mountain Inc., a public company, purchased $660,000. Prepare the entry to record the receipt of interest on July 1, 2021.
|
|
Research ways in which individuals can improve lifestyles
: Life does not always go as planned, and as a person ages into adult and middle adulthood those unexpected life changes can be significantly disruptive.
|
|
Company name and company dynamics for your project
: For the first part of the project you completed an overview of the company name and company dynamics for your project
|
|
How change and stress can impact a persons life
: Normative and non-normative events help us understand how change and stress may impact our quality of life. locate 2 scholarly journal articles written.
|