Accounting

Describe the diverse methods used to estimate bad debts in an accounting system. Provide examples for each method.

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 […]

Write a paper (1,500 – 2,000 words) that includes the career opportunities in the discipline which has the most appeal based on research.

Career Preparation Research Project on AUDITING and ; ASSURANCE SERVICES: Write a paper (1,500 – 2,000 words) that includes the following: The career opportunities in the discipline which has the most appeal based on research. New knowledge gained through the research. How the information influences your studies and future career. The paper may be written […]

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.   

ASSIGNMENT Q1 Differentiate with suitable examples the traditional costing systems and activity-based costing. Explain how ABC is used in manufacturing by providing a numerical example. Note: Your answer must include suitable numerical examples. You are required to assume values of your own and they should not be copied from any sources  Q2 Provide a numerical […]

What do the terms debit and credit mean in accounting? What is your opinion?

Analyzing and Recording Transactions Why do we have accounting rules? What is your opinion? Use your research skills, google, and chapter 3 of your online textbook to answer the following question. What do the terms debit and credit mean in accounting? What is your opinion? What is a journal in accounting? What is your opinion? […]

What additional qualitative issues, in this case of a capacity constraint, might RobotBits consider before finalizing its decision?

Special Order Decisions and Capacity Issues Suppose instead that the capacity of Robot Bits is 100,000 units and projected sales to regular customers this year total 94,000 units. Does the quantitative analysis suggest that the company should accept the special order? What additional qualitative issues, in this case of a capacity constraint, might RobotBits consider […]

How are costs assigned to customized goods and services? How does job costing information affect managers’ incentives and decisions?

Job Costing How are costs assigned to customized goods and services? Q2: How is overhead allocated to individual jobs? Q3: How does job costing information affect managers’ incentives and decisions? Q4: How are spoilage, rework, and scrap handled in job costing? Q5: What are the quality and behavioral implications of spoilage?

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.

Assignment Question(s):    (Marks 15) Q1. Differentiate with suitable examples the traditional costing systems and activity-based costing. Explain how ABC is used in manufacturing by providing a numerical example.(3 Marks) Note: Your answer must include suitable numerical examples. You are required to assume values of your own and they should not be copied from any […]

Do you think the same concepts, such as variable costs, fixed costs, mixed costs, and job order costing, can also be applied to the service industry?  Why or why not? 

ASSIGNMENT Many of the concepts in managerial accounting were first developed for the manufacturing environment. Do you think the same concepts, such as variable costs, fixed costs, mixed costs, and job order costing, can also be applied to the service industry?  Why or why not? Focus on a particular service or service industry and illustrate […]

Explain, in light of a Christian worldview, how would you approach a client found to be moving expenses to another period to potentially inflate income?

Faith and Ethics After reading the “Statement on the Integration of Faith and Work” in the Topic 2 Resources, in a 750-1,000 word paper, address the following questions: Adhering to ethical standards is necessary in the field of auditing. How would a Christian worldview impact you if you chose a career as an auditor? In […]

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