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Problem 1: Which will not earn a CPA CPD units for accreditation and renewal of PRF License?
a. Attendance in Webinars/Conferenceb. Earning a Master's or Doctorate Degreec. Earning of a Professional Certification such as CMA, CIMA, and CISAd. Attendance in religious activities
Problem 2: [S1]1 Financial reports also include non-financial information such as operating segment and the identities of the corporate officers and directors. [S2] Financial reporting allows financial information be provided to external users.
a. Only S1 is true b. Only S2 is true. c. Both S1 and S2 are true. d. Both S1 and s2 are false.
Problem 3: The following cases properly applies the concept of going concern EXCEPT
a. Cost of sales is recognized when sales is earned.b. The entity generally values its inventory at the cost less cost to dispose for reporting purposes.c. Property, plant and equipment are depreciated over its useful life as long as the entity continues to use the asset and to operate as a business.d. Adjusting journal entries are made so that income and expense for next year will be recorded for that year.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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