Assignment Question: IMPORTANT NOTE: Answer in your own words, DO NOT COPY from slides, fellow students, or internet sources without proper citation. Q1. Gerrard Smith, senior-in-charge, is auditing Mndooz, Inc.’s long-term debt for the year ended December 31. Long-term debt is composed of two bond issues, which are due in 10 and 15 years, respectively. […]
Category Archives: Accounting
How might Netflix have designed its internal processes differently to avoid the situation that arose with Mr. Kail?
Respond to the following questions in the MODULE 5 Discussion Forum 1.What internal control principle(s) does it appear was (were) violated at Netflix? 2.How might Netflix have designed its internal processes differently to avoid the situation that arose with Mr. Kail? 3.Should Mr. Kail be held totally liable for this situation? Does Netflix have any […]
Explain why this is and implore model such as solow and any other you may think is necessary
For this question apply solow growth model. China’s ambition towards becoming a developed country in the next decade is threatened by an aging population, high debt levels, slowing down in productivity growth thus the goal of achieving annual growth of 4% need to reach it’s ambitious goal, as suggested by studies is impossible as it […]
Why is it important for companies to implement good internal control?
Q2.Why is it important for companies to implement good internal control? What are the principles of internal control? Explain your answer. Q3. A company wants to use the allowance method to account for bad debts. You are assigned to explain to the company the different ways it can use to estimate bad debts 4- Write […]
Name and discuss two other types of share issues other than to the public.
Question 1 (Marks: 35) Fut and Ball are partners in a sports event organisation business called Futball Events. They share profits and losses in the ratio 1:3 respectively. Fut and Ball have decided to dissolve the partnership on 30 June 2020, to take up international positions in Greece. The following information was provided by the […]
Explain why companies revalue such assets on an annual basis, and give examples on depreciations, impairments and depletions.
Assignment Question(s): (Marks 15) Q1. A company abandons the historical cost principle and adopts the LCNRV method of valuing inventory. Explain the process of LCNRV (Mark 1) Abdullah Corporation gives you the following information about its inventory for four different products as on December 31st2020. Estimated Expected Product Original Cost Completion Cost Selling Price […]
How does the merchandising company account for the suits that Amy returns?
Amy Martin is a student who plans to attend approximately four professional events a year at her college. Each event necessitates a financial outlay of $100 to $200 for a new suit and accessories. After incurring a major hit to her savings for the first event, Amy developed a different approach. She buys the suit […]
Why are financial statements that have been prepared in accordance with GAAP and audited by an independent CPA useful for Fidelity’s investment analysts?
Writer instructions – a 750 word paper on the following topic: Fidelity Investments Company is a well-known mutual fund investment company. It makes investments worth billions of dollars in companies listed on the New York Stock Exchange and other stock markets. Generally accepted accounting principles (GAAP) are very important for Fidelity’s investment analysts. What are […]
Write a reflective essay to critically evaluate the usefulness of change management models and recommend one specific model to support the strategic option identified in Task 2.
(Reflective essay..you should be a change agent in a car wash, how can you bring change in car wash, how did it effect the car wash..if possible bring in FORCE FIELD ANAYSIS..own words). Write a reflective essay to critically evaluate the usefulness of change management models and recommend one specific model to support the strategic […]
what would be the audit report you will choose as an auditor and why?
Assignment Question(s): IMPORTANT NOTE: Answer in your own words, DO NOT COPY from slides, fellow students, or internet sources without proper citation. Q1. Read the following situations and explain how the risk of material misstatement should be assessed and how detection risk could be affected by the assessment. (The first one is answered for you […]
