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Question - According to the IMA (Institute of Management Accountants), "Big Data, robots, cognitive computing, and other emerging technologies are changing everything accountants do-from tax preparation to audits to M&A activity. Technology and automation will replace many accounting jobs in the next decade. Emerging skills needed include data governance and lifecycle, programming, business analytics, data visualization, and more. The status quo won't cut it."
Much of it has to do with Balance Sheet presentation, calculations, and analysis. How much of this work do you think is or will be automated for accountants? What is the future role of accountants as technology evolves? What will you do to keep yourself "marketable"?
Calculate the liability that Yummy Rice should report at December 31, 2013.
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Structuring a Make-or-Buy Problem Fresh Foods, a large restaurant chain, needed to determine if it would be cheaper to produce 5,000 units of its main food.
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