How disclosure notes are an integral part

Assignment Help Accounting Basics
Reference no: EM132623704

our a finance manager, part of your job is to prepare the Notes and MD&A portion of the annual report. Your supervisor has asked you to omit certain matters that would have a profound impact on the financial accounts of the organization. You wonder if he/she is testing your loyalty to the supervisor or testing the responsibilities as a professional manager.

Problem 1: Explain how you would respond to this situation and describe leadership characteristics of the managerial accounting profession. What are the standards/principles you must follow according to IMA.

Problem 2: When explaining to the supervisor how disclosure notes are an integral part of the information provided in the financial statements, describe why the notes are a critical process in understanding the financial statements and in evaluating the company's performance and financial health.

Reference no: EM132623704

Questions Cloud

Select and use various financial services : How has online banking changed the way consumers select and use various financial services?
Legal requirements for managing patient information : Examine legal requirements for managing patient information, health information documentation, the release of information, and electronic health records.
Prepare journal entries to record transactions on sunland : Prepare the journal entries to record transactions on Sunland Company's books using a periodic inventory system. (If no entry is required)
Return cash to shock-holders : Do you agree that stock buybacks really do not return cash to shock-holders because only those who sell back stock receive the cash.
How disclosure notes are an integral part : Why the notes are a critical process in understanding the financial statements and in evaluating the company's performance and financial health
Cost of borrowing under the second option : What amount of principle must be borrowed in order for the two options to be equivalent?
Observations about success of the agency : Describe your final three to five observations about the success of the agency, highlighting the value of the agency to U.S. citizens,
Explain the development of ethical codes and regulations : Describe two historical events that have influenced the development of ethical codes and regulations for nursing and healthcare research.
Find what is the fair price for aldebaran shares : Aldebaran Investments is expected to pay a dividend, What is the fair price for Aldebaran's shares, if its shareholder require a return of 8% p.a.?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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