Q1. Differentiate with suitable examples the traditional costing systems and activity-based costing. Explain how ABC is used inmanufacturing by providing a numerical example. Q2. RCR has two support departments, X1 and X2, and two operating departments, Z1 and Z2. RCR has decided to use the direct method and allocate variable X1 dept. costs based on […]
Category Archives: Accounting
What happens to these categories if the segments to which they are related are eliminated?
CASE 4 RESPONSIBILITY ACCOUNTING FOR COST, PROFIT AND INVESTMENT CENTERS Assignment Overview Review the three components in the background material to answer the questions and make computations relating to responsibility accounting. Case Assignment What is the fundamental principle of responsibility accounting? List five important factors that should be considered in designing reports for a responsibility […]
Describe the advantages and disadvantages of being employed versus being self-employed.
Describe the advantages and disadvantages of being employed versus being self-employed. Provide an example showing the advantages and disadvantages.
How can accounting information systems be viewed considering biblical principles?
How can accounting information systems be viewed considering biblical principles?
Why do states and the federal government exercise oversight responsibility over not-for-profit, tax-exempt corporations?
Adv Gov & Non Profit Accounting Why do states and the federal government exercise oversight responsibility over not-for-profit, tax-exempt corporations? How do states and the federal government differ in the way they exercise this responsibility? Do you agree or disagree that NFPs should be regulated? State your reasoning.
Provide a numerical example of special order decisions and make or buy decisions and explain how these decisions are backed by quantitative and qualitative considerations
Q1. Differentiate with suitable examples the traditional costing systems and activity-based costing. Explain how ABC is used inmanufacturing by providing a numerical example Q2. Provide a numerical example of special order decisions and make or buy decisions and explain how these decisions are backed by quantitative and qualitative considerations
How can you evaluate the company’s internal controls to see if they are sufficient?
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 […]
What is 1 advantage and 1 disadvantage of the matching principle?
Revised question: Write 150-200 words per question answering the following. 1) Briefly explain Revised question: Write 100-200 words per question answering the following.. 2) What is 1 advantage and 1 disadvantage of the matching principle?
Should this CPA’s professional license be suspended or revoked?
Answer the following questions using your own words. According to police reports, a Gainesville, Florida, CPA was arrested for engaging in sexual assault. This story generated substantial publicity , especially in northern Florida . Despite the heinous nature of these crimes, there is no evidence whatsoever that the tax accounting services performed by him or […]
At what two levels does the auditor assess the risk of material misstatement?
RISK ASSESSMENT PROCEDURES At what two levels does the auditor assess the risk of material misstatement? Describe the types of procedures that constitute risk assessment procedures.
