Include an abstract. A running head is optional. Analyze reporting requirements for private sector, not-for-profit organizations under Financial Accounting Standard Board guidance. Compare and contrast accounting practices between the two different assignments. ACC 548 Week 5 Learning Team Assignment Reporting Requirements M to purchase http://allmysolution.com/ACC-548_c119.htm Product Description One issue in accounting is the qualifications of an accountant when working for a client.
Question : (TCO 2) What are the key provisions of the Public Company Accounting Reform and Investor Protection (Sarbanes-Oxley) Act of 2002? Question 3. Question : (TCO 5) Give an example of a non-cash financing and investing activity and explain when and how it would be reported in the financial statements. Question 4. Question : (TCO 3) What is the purpose of the closing process?
Please cite the source of your information. 2. What is the purpose of corporate earnings and profits? 3. Why is not taxable income used to determine if a distribution is a dividend?
What are the secondary sources of tax law? What is substantial authority? What is the role of the courts and the Internal Revenue Service in interpreting and applying the sources of tax law? Format your paper consistent with APA guidelines. Discussion Questions DQ 1 What business entities are available for a new business?
Considering the time reasons of the new product launch, Fox Router will continue use the current final assembly CM which located in Kunshan, China. However, the main supplier for the Model 301’s Power Supply Unit is suffering financial difficulty and no longer meets the supplier qualifications to keep its tier 2 status. After conduct some research, Fox Router wants to select a new supplier among three potential qualified suppliers (they are Global India, China Worldwide and Taiwan Supply respectively) which quoted the PSU part formerly and have sound financial status. In addition, the marketing department is seeking a new market selected from three potential markets which are South Africa, Victoria, Australia and Brazil, South
This industry includes a large part of transportation equipment production; this is largest sector in manufacture field. It is about 15% of total manufacturing industries. Others are food, petroleum and coal, chemical, primary metal, and wood. Petroleum and coal are also a big sector in this field; it is about 13% in total manufacturing. The manufacture industry in Mexico is major on food, beverage, tobacco, chemicals, and electronics.
In-depth research and analysis needs to be conducted on other companies that have created similar successful programs. They need to determine what the breakeven point will be, and when these new products will start generating a profit and then make the decision on whether or not it’s worth the investment. Issue 5 Lack of planning CanGo is in rapid development, but at the same time lacks of any sort of planning. CanGo's management team cannot seem to reach a viable solution for the future development of the company. Recommendation 5 CanGo needs to make a comprehensive analysis and then decide on a long-term development plan.
Meeting the requirements of generally accepted accounting principles. Recording the financial history of the organization. The basic difference between managerial and financial accounting is that: Financial accounting is concerned with providing financial information to stockholders, whereas managerial accounting is concerned with providing information to managers for their use in planning, controlling and decision making. Managerial
Or Financial statements (balance sheet, income statement, statement of cash flows, and statement of stockholders’ equity) are the primary means accountants use to communicate financial information to investors, creditors, regulatory agencies, and others. Choose one of these financial statements and provide an example of the statement from your current organization, if possible. Provide a brief analysis of what is contained on the statement. The text identified three common legal forms of business organizations: sole proprietorships, partnerships, and corporations. IF you were to start or your business (or if you already have started your own business) what type of legal form would you use?
Ch. 23: Exercises 23.10 & 23.12 of Managerial Accounting: The Basis for Business Decisions ACC 400 Week 4 Team Assignment – Interpreting Financial Statements Report The CEO of your organization has asked your Learning Team to analyze the two companies assigned to your particular Learning Team. As an investment, your organization may be interested in purchasing some stock in one of these two companies. Resources: The financial statements for your Learning Team’s assigned two Companies found in the Course Materials Forum. Financial Accounting: Tools for Business Decision Making.