Prepare a definition for accounting

Assignment Help Accounting Basics
Reference no: EM133027088

Question -

1. In your own words, prepare a definition for 'accounting' that incorporates the concept of 'accountability'.

2. Reflect back on your own employment experience (and/or business dealings that you have had as either a customer or as a business owner). Explain an ethical dilemma that you have faced personally (either as an employee, a customer or as a business owner). In your response, briefly discuss:

i. What were the relevant facts of the dilemma / scenario?

ii. What were the alternative courses of action that you considered and weighed up, when you were deciding what to do?

iii. What values were important to you, when you were deciding what to do?

iv. As you reflect back on the situation, is there anything that you would do differently if you were faced with a similar dilemma again now?

3. You are currently applying for a job (as an accountant) at a large business. As part of the application process, you have been asked to provide a personal values statement. Prepare a concise personal values statement (1-3 sentences in length) that reflects your values and view of the notion of accountability.

Reference no: EM133027088

Questions Cloud

What is the fixed overhead spending variance : This year the company had the following standards: Standard direct labour hours per unit: 2 hours. What is the fixed overhead spending variance
Finding the biggest cost in running the business : Senior managers spend considerable time planning for the efficient use of equipment, materials and money towards achieving their business objectives.
What is the variable overhead spending variance : H&B Inc. uses a standard cost system and calculates their application rates using direct labour hours. What is the variable overhead spending variance
Six myths and realities of teamwork : In The myths and realities of teamwork, Wright discussed the six myths and realities of teamwork.
Prepare a definition for accounting : In your own words, prepare a definition for 'accounting' that incorporates the concept of 'accountability'
Why did the students call the class the little class : Children with intellectual disabilities were not protected as having a right to an education.
Determine the firms marginal product of capital function : Determine the firm's marginal product of capital function and Derive the conditional input demand functions for labour and capital by Minimizing cost subject
Address the issue of performance and morale : 1. Outline a plan to address the issue. You must also explain the risks to the project and organisation.
Prepare journal entries to record the copier sale : Prepare journal entries to record (a) the copier's sale; (b) the adjustment on December 31, 2017, to recognize the warranty expense

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