Project: Income Statement Respond to one or more question(s) from each of the three categories below. Category: Revenue and Net Income 1. What was the corporation’s net sales, cost of goods sold, and gross profit? 2. What was the corporate tax rate? [Hint: divide income tax expense by income before income taxes] 3. What was […]
Prepare journal entries to record the following transactions. Create a T-account for Interest Payable, post any entries that affect the account, and tally the ending balance for the account.
Complete the following problems in Excel. Use a different tab for each problems using the correct number format. Make sure you use two accounts (debit and credit) for the adjusting entries. Read the problems carefully. PA10.) Prepare journal entries to record the following transactions. Create a T–account for Interest Payable, post any entries that affect […]
Complete the following problems on an excel spreadsheet. Number your entries based on the letter. Be sure to use the appropriate account name for each transaction.
Complete the following problems on an excel spreadsheet. Number your entries based on the letter. Be sure to use the appropriate account name for each transaction. Each transaction should have two accounts (debit and credit) PA12.) Sewn for You had the following transactions in its first week of business. Prepare the necessary journal entries to […]
Which of the following accounts is closed at the end of a fiscal period?What is the normal balance of sales returns and allowances, accumulated depreciation, and unearned revenue respectively?
QUESTION I: Multiple Choice — (15 marks) Answer the multiple-choice questions in the answer booklet, NOT on this document. Assume all companies have a December 31st yearend and follow IFRS, unless otherwise indicated. Ava ltd. is a gym and began its operation on January 1, 2017. The following information is provided for years 2017 and […]
Calculate the final inventory value for Spartan Corp based on individual inventory items using the lower-of-cost-or-market method:Record the journal entry to write-down inventory assuming the write-down is common for the inventory.
Use the following information for questions 1 & 2 (6 pts total) Spartan Corp. manufactures and sells two products. Information related to the inventory of Spartan Corp is provided below. Cost Replacement Cost Net Realizable Value Net Realizable Value Less a Normal Profit Margin Product A Models Elite 115,000 105,000 135,000 110,000 Standard 105,000 125,000 […]
Understand the regulatory framework for financial reporting and critically evaluate UK and international approaches to financial reporting regulation
Download a copy of the Annual report for the Barloworld group annual report About Barloworld | Barloworld Limited – AFS 2020 (barloworld-reports.co.za) a) Give a brief overview of the purpose and explain how the following IFRS/IAS’s have been complied with in Barlow world’s group financial statements: (i) IFRS 8 Operating segments (20 Marks) (ii) IAS […]
Prepare a report for your chosen corporation’s senior managers to interpret and explain the SEC10K financial reports.
Business Report This is the first of five projects you will write to incorporate course concepts with information found within your corporation’s SEC10K report. Focus on telling a story about your corporation and its financial performance and position. SCENARIO: You are a new hire for a major corporation completing your eight-week rotation relating to accounting, […]
Evaluate at least three types of financial fraud common to the selected company and its associated industry supported with a detailed description of each type of financial fraud and how it can occur.
Operations Strategies You will create a financial risk mitigation plan to reduce overall costs and increase efficiency in operations for your selected company. Your strategy is to apply best practices for mitigating financial risk and fraud exposure in the company’s operations. You will conduct research to identify industry best practices for risk mitigation to reduce financial fraud exposure […]
What is not known about the problem that is important to study. Be specific. What are the practical accounting issues and challenges for the preparers of financial statements related to cryptocurrencies?
Impact of Cryptocurrencies (digital assets) on financial reporting. A more specific problem identified within the general area. Think about why this problem is important to study and specify what is already known about the problem. There are no accounting rules dedicated to cryptocurrencies. Under current US GAAP and, under IFRS, intangible asset accounting is applied. […]
Investigate a possible issue with the company’s payroll and conduct some audit procedures for California Crunch and analyzing the results.
Writing, using software, and interpreting results is a large part of your learning experience. These assignments are designed to improve your use of technology and communication skills. Using proper business English and resources . Make sure you note your source in proper APA format. Project Information: The owner of a small snack food and potato […]