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1. Identify three companies that have resulted in a loss of reputation to the accounting profession. 2. As a result of these accounting scandals, the AICPA recognized the need for accounting professionals to change their attitudes toward fraud detection by revising SAS 99. List at least 4 of the significant changes made to SAS 99 and explain your answer. 3. What is meant by the forensic-type fieldwork phase of an audit? An AICPA Fraud Task Force suggests that if a forensic accountant is brought into an audit to conduct a separate investigation (and not an adjunct to an audit), what standards apply?
explain how these have an impact on the breakeven (contribution margin, fixed costs, a combination, variable costs, etc.), and what happens if these factors increase or decrease.
Determine the direct labor rate variance? Evaluate the standard direct labor rate?
the bank notifies Wilma that if she pays back $75,000 immediately, they will forgive her $100,000 loan. What are tax implications to Wilma if she accepts the bank’s offer?
If the predetermined overhead rate was $6 per machine hour, overhead was underapplied by $40,000, and actual machine hours were 70,000; illustrate what was the actual overhead cost?
make the company cash budget for the upcoming fiscal year and Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash
Describe how the analysis is to be performed and show all computations needed to arrive at the correct answer.
Descriptive Questions-Basic Accounting Principle like Advance payments from customers for future services and the current assets of most companies.
Describe the differentiation between product versus general, selling, and administrative costs by setting up financial statements from the transactions in the problem. Respond to at least two of your classmates’ postings.
Computing the indifference level of EBIT between these two alternatives - Compute the indifference level of EBIT between these two alternatives
Implement one of the subsequent accounting information system processes:
what extent have you seen evidence that lead to determination the "fair value" of a business at acquisition date for 100 percent acquisitions?
Prepare each of journal entries listed below related to Top's investment in Bottom top's amortization of excess acquisition price and Top's share of Bottom's 2006 income.
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