Salmon Company Analysis Your company is Salmon Company Given the following information answer the questions below: Beginning Inventory: 974 Units Cost of Materials in Beginning Inventory $ 5,108 Cost of Conversion in Beginning Inventory $ 3,134 Units Started into Production 6118 Units Cost of Materials added this period $ 29,289 Cost of Conversion added this […]
Provide a report which highlights the current compliance with AASB136 Impairment of Assets by one listed company in this regard.
Topic: Financial accounting research report In June 2022, Australian Securities and Investments Commission (ASIC) issued the following media release:22-124MR ASIC highlights focus areas for 30 June 2022 reporting where they focused on Asset value and impairment testing. The link to the media release is provided below: 22-124MR ASIC highlights focus areas for 30 June 2022 […]
Explain how the accrual accounting concept provides guidance to accountants in preparing the income statement and calculating profits.
Topic: Manual Assignment This assessment consists of 2 parts: Part 1. The business has the following opening balances: Additional Information:Cash At Bank $16,611 Bank loan interest rates (% per year) 8Account Receivable $16,248 Motor vehicle useful life (years) 3Motor Vehicle $30,316 Motor vehicle scrap value ($) 3,380Account Payable $8,787 Insurance paid for (months) 2Bank Loan […]
Describe budgeting; it’s objective, and its impact on human behavior. Based on your reading and outside research, communicate your own understanding of the requirements.
Budget Describe budgeting; it’s objective, and its impact on human behavior. Based on your reading and outside research, communicate your own understanding of the requirements. Citations, references, and outside research are required.
Prepare a table that is well organized with labels for each application, brief descriptions, and points of interest (how the industry aligns with each application). Identify stakeholders or groups of stakeholders relative to your selected industry.
Computers and Automation Industry Prepare a table that is well organized with labels for each application, brief descriptions, and points of interest (how the industry aligns with each application). Identify stakeholders or groups of stakeholders relative to your selected industry. Stakeholders are entities or individuals that utilize and benefit from the application. This might be […]
Explain why financial accounting theory and practice are NOT the scientific, objective, and value-free technical endeavours they are believed to be, and what this means for understanding accounting practices.
Topic: HW #2 Review of Hines 1988 HW2 (15 pts) 1. “Hines (1988) and other accounting theorists pose the notion that accounting socially constructs reality, rather than merely report the pre-existing reality of accounting transactions. As a result, all accountants must realize that accounting is a fluid, social construction that is constantly changing, and often […]
Using at least two direct in-text quotations from Young (2006), explain why the FASB and IASB’s conceptual frameworks both focus on a “narrow conceptualization” of three highly specific types of financial statement user.
Topic: Accounting TH HW #3 HW3 (15 pts) 1. The FASB’s Statement of Financial Accounting Concepts No. 8 (2010) and the IASB Conceptual Framework for Financial Reporting (2010) both removed “conservatism” (“prudence”) as a qualitative characteristic of useful financial information. Explain why this change was made in 2010, and use the work of Cooper (2015), […]
Explain the limitations of using historic cost accounting (HCA) as the basis for providing relevant and faithfully representative financial reporting information for investors, lenders and other creditors.
Topic: HW #1 Accounting a) As the annual rate of consumer price inflation in the U.S. is currently rising by 8.5% per annum, explain the limitations of using historic cost accounting (HCA) as the basis for providing relevant and faithfully representative financial reporting information for investors, lenders and other creditors. Within your answer highlight how […]
Select a business from the provided list and analyze their latest annual report (either on the company website under investor relations or on finance.yahoo.com).
Topic: Financial Reporting Step ONE: Analysis of Annual Report Select a business from the provided list and analyze their latest annual report (either on the company website under investor relations or on finance.yahoo.com). Company Stock Symbol Amazon AMZN Apple AAPL Bank of America BAC Best Buy BBY Citigroup C Continental Airlines CAL Chipotle CMG Costco […]
Identify the four main financial statements and how they will be used in making business decisions for the company both internally and externally.
Topic: Fundamentals of Accounting In order to complete this assignment, you will need to think of a company that you might start. This could be any company such as a consulting service, restaurant, or a new product. The paper will include the following sections: Introduction: Company Overview. Begin the paper with 1-2 paragraphs, clearly describing […]