As you have learned this week, effective management control systems align managers’ personal interests with those of the overall company. Such a system provides the procedures and policies ensure a firm’s employees can work to achieve the best possible results, and minimize the opportunities for personal gain and fraud. Two areas most vulnerable to the […]
Tag Archives: Accounting
Identify at least one deterrent of the Internal Revenue Code (IRC) used to discourage the payment of bribes and kickbacks to foreign officials. Next, analyze the tax effects on U.S. shareholders because of these bribes and kickbacks.
Week 10 Discussion You have been hired by an international company identified as cooperating with a foreign country that the United States is boycotting. -Present a defense for the company to overcome the presumption that all activities in the boycotted country, involving all related persons, are tainted. -Identify at least one deterrent of the Internal […]
Analyze how the Internal Revenue Service (IRS) uses Internal Revenue Code (IRC) section 482 to prevent shifting of profits to other countries to reduce U.S. tax liability.
Intercompany Pricing Overview Transfer pricing is important to multinational entities and tax administrators. Transfer pricing involves transactions between affiliated entities domiciled in different countries creating different tax requirements. Profit determination of multinationals generated by intra-company transactions is one of the most challenging issues in international taxation. For this assignment, identify a multinational company that engages […]
What types of activities relates to Walmart?Discuss.
Activity-based costing may be used in any type of organization. The premise of ABC is that activities cause costs. Since all organizations engage in activities, these activities may be associated with costs they incur. An activity cost driver is the measure of the activity that causes costs to be incurred. For instance, the activity driver […]
Discuss what is meant by forensic accounting. What are some ways in which it differs as a specialty from general accounting or auditing? What are some of the specific functions and roles that forensic accountants perform? How does fraud investigation fit in as a sub-specialty?
Discuss what is meant by forensic accounting. What are some ways in which it differs as a specialty from general accounting or auditing? What are some of the specific functions and roles that forensic accountants perform? How does fraud investigation fit in as a sub-specialty? Discuss the fraud triangle. What are the individual components and […]
Identify a third company that uses activity-based costing allocations. Discuss why each might use the method you identified with them. Compare and discuss the similarities and differences you see in the companies.
Paper details: My classmate responded to the following: identify a company that you believe would use job order costing and another company that you believe would use process costing. Identify a third company that uses activity-based costing allocations. Discuss why each might use the method you identified with them. Compare and discuss the similarities and […]
What is the rationale for the calculations/process used to estimate the $180,000 uncollectible allowance?
Effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the businesses world have resulted in legislation to ensure adequate disclosures and honesty and integrity in financial reporting. A sound economy is contingent on truthful and reliable financial reporting. Instructions: Read the following scenario. Answer the questions that follow. This will be […]
What elements of the fraud triangle were present in that situation?
You may have heard of the accounting and fraud scandals that flooded the news in the early 2000s. Many of these scandals are examples of large-scale fraud. Fraud can happen to individuals or organizations of any size. Think of a personal or professional situation where you were either involved in or heard about fraudulent activity. […]
What elements of the fraud triangle were present in that situation? How could the fraud have been prevented?
Assignment Details You may have heard of the accounting and fraud scandals that flooded the news in the early 2000s. Many of these scandals are examples of large-scale fraud. Fraud can happen to individuals or organizations of any size. Think of a personal or professional situation where you were either involved in or heard about […]
Identify a company that you believe would use job order costing and another company that you believe would use process costing. Identify a third company that uses activity-based costing allocations. Discuss why each might use the method you identified with them. Compare and discuss the similarities and differences you see in the companies.
Paper details: My classmate responded to the following: identify a company that you believe would use job order costing and another company that you believe would use process costing. Identify a third company that uses activity-based costing allocations. Discuss why each might use the method you identified with them. Compare and discuss the similarities and […]
