Accounting

Managerial accounting is essential for decision making. Making the best choice depends on the manager’s goals, the anticipated results from each alternative, and the information available when the decision is…

These are methods which are used to prorate the cost of a specific type of asset’s life. One of the main principles of accrual accounting requires that an asset’s cost…

Usually accountants use amortization and depreciation when they need to spread out the assets during the period when a company uses the costs of assets. In other words, it is…

There are various regimes which have been set at both the federal and state level to formulate the basis and rates of individual taxation. One important element included in laws…

1. Given strong profit growth, has there been any damage to Baidu.com’s reputation? 2. What would future reputational damage affect, and how could it be measured? 3. What steps could…

Over the past years, there has been an interest in the analysis and the general study of the culture of the Canadian people, though not very clear, the Canadian culture…

a. What is a ceiling test? Identify two IASB accounting standards that contain a ceiling test and describe the test. (7 marks) The ceiling test is an accounting standard that…

The case discusses the accounting frauds committed at the US-based telecommunications giant, Lucent Technologies Inc. (Lucent) during early 2000. It provides an insight into the ways by which the financial…

1.) Did Arvel Smart behave unethically by accepting the internship with the St. Louis accounting firm when he intended to accept the outstanding jod offer from the Big Four accounting…

Please respond to all of the following prompts in the class discussion section of your online course: This week you learned about the unearned revenue account. Provide three examples of…

Qualify or Not? Viccio and Martin staff accountant Jane Ashley was assigned to work on an audit team with one senior auditor Frankie Small. The audit they were to perform…

Introduction:The cash flow statement is intended to convert the accrual basis of accounting used to prepare the income statement and balance sheet back to a cash basis. This may seem…

As Accounting is the language of any Business, means by which all kind of financial information is communicated to the users of accounts. Before making any decision we have to…

The first method is used in case of amalgamation in the nature of merger and the second method is used in case of amalgamation in the nature of acquisition.Under merger…

The company has provided a 2008 $501 million write-off for its construction in-progress account, which was caused by its restatement of MAPLE facilities transaction. The company has provided that its…

An analysis of Harry’s business with recommendations for improvement on the basis of an income statement under the traditional format, income statement under the contribution format, and calculated breakeven point…