Assignment Question(s): (Marks15) Q1. Suppose you are an auditor who has been tasked with looking into the internal controls at a company. How can you evaluate the company’s internal controls to see if they are sufficient? (5Marks) Q2. Why do companies use the allowance method to account for bad debts? Describe the diverse methods used […]
Category Archives: Accounting
What are the factors that cause change in exchanges rates of currency of a country? State and Explain any four of these factors.
Advanced Financial Accounting 1) The following intercompany transactions occurred during the year: (5 Marks) a) Parent loaned $ to Subsidiary. To keep things simple, assume that there is no interest revenue or interest expense associated with this loan. b) Parent made a sale to Subsidiary for $ cash. The inventory had originally cost Parent $ […]
Identify at least three weaknesses in Eid Corporation’s revenue cycle activities.
Assignment Question(s): (Marks 15) Question 1: (03 Marks) Under the expenditure cycle ordering materials, supplies and services are the first activity. Explain the following ordering threats with suitable example with each of these. a) Purchasing at inflated prices b) Unreliable Suppliers c) Kickbacks Question 2: (03 Marks) What are the advantages of the REA data […]
Which method would result in the lowest profit in the first year?
INTRODUCTION Brighton Mines is a company that owns three mines in northern British Columbia. They are responsible for the extraction and refining of ore in order to produce precious metals. Many different long-lived assets are used throughout their operations. PART A: The company is looking to purchase a new truck for the transportation of the […]
Describe some of the MISSING internal control components and/or principles of internal control activities.
Mini-Case 2: Fraud Podcast This course covered advanced forensic techniques. Many want to find out more and here is your chance to study another fraud area more in-depth. To learn more about fraud, for this assignment, you will listen to a podcast or watch the TV show American Greed. Summarize the podcast and present your […]
How clear are the author’s statements, and does the discussion maintain cohesion?
1. How appropriate and clear is the title of the article? 2. How clear are the author’s statements, and does the discussion maintain cohesion? 3. Was this article in your opinion an informative article or a persuasive article? 4. What do you think of the author’s writing? Do you feel like the author is a […]
What are the ethical considerations of (a) the president’s request and (b) Zoe dating the adjusting entries December 31?
Assignment Instructions Respond thoroughly to the following questions in your PowerPoint presentation: Who are the stakeholders in this situation? What are the ethical considerations of (a) the president’s request and (b) Zoe dating the adjusting entries December 31? Can Zoe accrue revenues, defer expenses, and still be ethical? Can Zoe’s accrued revenues and deferred expenses […]
What are the benefits and limitations of a relational database management system?
Select a question and post a new thread answering that question in at least 300 words. For your thread, choose to answer one question or prompt from below (Pick One) 1. What are the benefits and limitations of a relational database management system? 2. Explain the purpose and basic framework for an enterprise system. 3. […]
Prepare PowerPoint slides that explain the key points to communicate to the CFO, utilize basic visualizations, and present options for the CFO based on the situation.
Using the scenario linked in the Supporting Materials section, assume that you are the cost accountant for your company, and the CFO has asked for your analysis on purchasing materials from an online marketplace. You will record a presentation in Bongo. You will prepare PowerPoint slides that explain the key points to communicate to the […]
How would you recommend the accounting staff track the cost savings and other benefits of budgeting in order to justify the decision in the future?
Questions What are two or three arguments FOR budgeting? What are two or three arguments AGAINST budgeting? How would you try to convince the CEO that budgeting would be a good idea, and how would you counter the CEO’s arguments against budgeting? How would you recommend the accounting staff track the cost savings and other […]
