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Changes in Accounting Principles
What is a change in accounting principle? How do you determine if a change in principle should be reported retroactively, currently, or prospectively? How do these changes affect the financial statements?
Errors
Why do accountants make errors? What types of errors may occur? Why is it necessary to correct them? What are the ramifications of not correcting errors?
Many of you have worked as bookkeepers and accountants doing various reconciliations of different accounts. Accountants should never have accounts that are out of balance. Have you ever found instances where you end up reconciling an account and find you are off a few cents, say under a dollar? What do you normally do? For those of you who have not performed accounting, in your opinion what would be the proper procedure to follow?
any kind of assistance will be greatly appreciated looking for outline or a template or example of one previously done
You are looking into purchasing computer equipment for your at-home business, personal recruiting. Since you are just starting out, you have set an initial budget of 1500.00
discuss the rules of debit and credit as applied to each of the account types that would appear on a companys balance
King Co. requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $76,000. Purchases since January 1 were $144,000; freight-in, $6,800; purchase returns and allowances, $4,800.
variance analysis for direct materials direct labor and variable overhead. rain gear inc. produces rain jackets. the
type your question herefrey corp. is experiencing rapid growth. dividends are expected to grow at 28 percent per year
Indicate the effect (direction and amount) of each transaction on the Inventory balance of Sports R Us. Prepare the journal entries that Sports R Us would record and show any computations.
per the text a u.s. parent company doesnt include the income of the foreign subsidiary till the income is repatriated
when a credit customer returns merchandise to the seller under a perpetual inventory system the seller would debit
Compute and reconcile the sales volume variance for August. Indicate whether the variance is favorable or unfavorable.
mark goodwin ltd. has a beginning work in process inventory of 25000 units 40 percent comlete. during the period 100000
What is the EPS for the company if it has a P/E ratio of 20? What is the book value of the company if the price-to-book ratio is 1.5 and it has 100,000 shares of stock outstanding?
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