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What did you learn about accounting

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Reference no: EM133399987

Questions

1. What did you learn about accounting ?

2. We have a transaction with dividends being declared and paid on the same day. This is not the usual process. Explain the three major dates associated with dividends and the journal entries that would be created on those dates.

3. Memo you will send to Pat about the errors you found during the reviews.

a. Pick three distinctive errors Pat made and explain what Pat did incorrectly, and based on the rules of debits and credits, along with US GAAP, how it should be corrected. Be sure to do this in a way for Pat to understand.

b. Using your best leadership tools, discuss your expectations of Pat going forward with this new knowledge.

4. Discuss the ramifications for a company that does not find these errors and releases financial statements with errors.

Reference no: EM133399987

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