How the best practices align with the xbrl application

Assignment Help Accounting Basics

Reference no: EM132916255

Research an existing small to medium-sized business that does not have an established accounting information system (AIS). Make sure you clearly identify what business line, product type, and market position.

Implement at least 5 of the 23 best practices in the reporting process within the organization. Provide details to either enforce existing practices or introduce them if they do not exist. You can select any practices you like.

Question 1: Explain the impact of the best practices you selected on the reporting process. Describe how the best practices align with the XBRL application.

Question 2: Explain how the best practices would impact the business's operations and decision-making processes.

Reference no: EM132916255

Questions Cloud

Efficiency and effectiveness of wa manufacturing : What changes, if any, can improve the efficiency and effectiveness of WA Manufacturing?

Explain the company products provide : Explain the company's products and/or the services they provide. Choose a company that is small to medium sized, is not publicly traded.

Respective professional environment : Share how you may apply what you have learned in your own respective professional environment.

Support your educational goals : Describe how you might manage your time to support your educational goals.

How the best practices align with the xbrl application : Explain the impact of the best practices you selected on the reporting process. Describe how the best practices align with the XBRL application.

What are the drivers of change : What trends, relevant to your business, do you see? What are the drivers of change?

Difference between forgiveness and reconciliation : Compare and contrast the difference between forgiveness and reconciliation. Explain the problem with the phrase "forgive and forget."

How the client family can experience tax savings : Create a detailed tax planning proposal explaining how the client's family can experience tax savings should the client pass away.

How much was the direct materials cost : The direct labor cost was $20,000 while the manufacturing overhead cost was $30,000. How much was the direct materials cost ($)

User Account

All Pages