Assignment Question(s): (Marks 15) Q1. Differentiate with suitable examples the relevant cash flows and irrelevant cash flows. What relevant role do these cash flows provide in management decision-making? Provide a suitable example in context to an organization to support your answer. (3 Marks Answer: Q2. What are the various methods of estimating cost functions? Explain […]
Category Archives: Accounting
What is the Journal Entry in the book of Large Corporation?
Question Assume Large Corporation Invested $ 600,000 for Small Corporation and the estimated Fair Market Values of Assets, Liabilities and Equity Accounts are as follows: Assets Amount $ Liabilities Amount $ Account Receivable Inventory LT Marketable Securities PP & E 125,000 50,000 55,000 170,000 400,000 Account Payables Retained Earnings Commons Stock 180,000 120,000 100,000 […]
Explain how this change will affect the financial statements.
Discussion Merchandising companies invest large sums of money in inventory, having to account for the purchasing, selling, and costs. Most U.S. based companies or companies on U.S. exchanges have previously had to follow the GAAP standards. As IFRS has moved forward in many countries, these companies have to review if the GAAP or the IFRS […]
Whether you propose to use qualitative or quantitative methodology?
The paper should include and have the following structure: 1. Introduction Research question, aims, and objectives, Why is your question relevant? 2. Literature Review Brief background about your research topic. Discuss what work has already been done and link it to your research question. 3. Proposed Methodology and Data Whether you propose to use qualitative […]
When should Omar recognize the revenue for this transaction under the accrual basis?
Assignment Question(s):(Marks 15) Question 1: (5 Marks) Sarah owns a boutique that sells women’s clothing and accessories. She keeps track of her business transactions using a journal. On March 1, Sarah invested SAR 10,000 cash in her business to start operations. Prepare the journal entry. On March 5, Sarah purchased inventory for SAR 5,000 on […]
Analyze financial factors or environmental factors for this assignment by going to the People/Group button on the left-hand side menu and self-selecting into a group
Government Budgeting and Finance Using one set of the factors (environmental or financial ) used to determine financial solvency as discussed in Table 7.1 of this chapter, analyze the financial condition of Jacksonville. Your analysis should focus on the condition of the city not an agency within the city. Your trend analysis must use as […]
Summarize the code (6 principles), explain what is meant by each principle, give your opinion on who benefits from the code and why.
AICPA Code of Professional Conduct Summarize the code (6 principles), explain what is meant by each principle, give your opinion on who benefits from the code and why. Paper should be 5 or more pages, double spaced, and a works cited page. Must have at least 3 sources. The more sources and information, the better […]
Explain what an AIS is, describe the basic tasks it performs in an organization using examples of Saudi Companies.
ACCT402 USA Assignment Question(s): (Marks 15) Question 1:(04 Marks) Explain what an AIS is, describe the basic tasks it performs in an organization using examples of Saudi Companies. Question 2: (03 Marks) Give examples of Saudi companies that using ERP and what are the advantages of implementing the ERP? Question 3: (04 Marks) […]
Prepare the statement of profit or loss and other comprehensive income for the year ended March 31, 2023
Intermediate financial accounting Show all working and journal entry for the following: Hazzizzi Ltd Trial balance as at March 31, 2023 Trade receivables 22,800,000 Trade payables 6,100,000 Provision for bad debt 7,600,000 Bank 2,100,000 Cash in hand 928,000 Petty cash 203,000 Interest income 4,700,000 Dividend income 2,600,000 Royalties 1,900,000 Contingent liability 17,300,000 Revenues 3,277,000,000 Land […]
Explain the dual banking system along with the role of Comptroller of the Currency (COC), Office of Thrift Supervision (OTS) and Federal Deposits Insurance Corporation (FDIC).
Accounting of Financial Institutions Assignment Question(s): (Marks 15) 1) Alternative to fair value accounting, amortized cost accounting, uses expectations of cash flows and prices risks determined at initiation to account for financial instruments throughout their life. Discuss the three undesirable features of amortized cost accounting as compared to fair value accounting. (Marks 5) Answer: (Week […]
