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Question - You are discussing possible upgrades to your company's financial systems. A new MBA that recently joined the company is suggesting that the management accounting information would be useful and should be provided to investors.
Required -
1) What would be your response to that suggestion?
2) What connection if any should there be between a company's GAAP financial reporting and the data and systems that support it and the data and systems that would support the company's management accounting?
How the regulators/professional bodies can improve protection on investors and increase market confidence. Should RPTs be banned?
Opened a business bank account and deposited Ksh. 180,000 of the business cash into the account. Prepare ledger accounts and balance off the ledgers
Linda pays $100,000 cash for Jerry's ¼ interest in the JILL Partnership. How much gain will Linda report as a result of the sale
Assume that 33,000 actual machine-hours were used in machining and that actual direct manufacturing labor costs in assembly were $3,200,000.
Jackson Corporation has two service departments whose direct department costs are $75,000 and $10,000, respectively, and two producing departments whose direct department costs are $60,000 and $250,000, respectively.
What are the major features of a JIT production system such as that of High Point and prepare summary journal entries for February.
Datamix, a U. S. corporation with customers in several foreign countries, had the following selected trans actions for 2013 and 2014.2013
Conduct research and locate one international accounting organization, other than the IASB, and prepare a 2 page paper that includes the following:
Analyze the most common responsibility reporting systems. From your analysis, argue at least one pro and one con of using responsibility reporting systems.
What is feedback? What are possible consequences of inadequate feedback?
Henrich is a single taxpayer. In 2015, his taxable income is $425,000. What is his income tax and net investment income tax liability
(Identification of activities with funds and identifying funds with the appropriate measurement focus and basis of accounting) Jasmin City is a small city.
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