Using your answer to Question 2, designate which attribute or attributes form the identifier for each entity type. Explain why you chose each identifier. (5 points) Answers will vary, Look at page 199 for the definition of an identifier – an attribute that will make each entity unique (sometimes called candidates Key or primary keys; ie student ID etc). Pick an identifier for each of the six entities that will make them unique. Identifiers are underlined in attribute list in entities – so look on pages 200-201 for some examples) 4.
5) What is the effect of paragraph 6, a two-sentence paragraph? Would you consider paragraph 6 a topic sentence? What is its function with the other one-sentence paragraphs in the essay? 6) Which is the topic sentence of paragraph 7: the first or last sentence? In either case, what is the effect of the sentence's brevity?
Case 13-8 Accounting for a Loss Contingency for a Verdict on Appeal In this case we are presented with the scenario that a company faces a pending litigation. We are supposed to surmise how this liability will be reported, as well as, the resulting effects on the financials in the years in question. In my opinion, the primary accounting to be resolved is whether to accrue the liability, disclose the liability or simply count it is as immaterial and do nothing. As we progress through the scenario we are presented with subsequent facts which suggest that our decisions will indeed be impacted and changed due to litigation and we must act accordingly. The following are the questions asked by the case and my understanding of applicable GAAP.
Cite your sources using APA Style.) 3. Describe the appropriate circumstances for using the example for each term and when it might lead to misunderstanding. 4. Use at least two (2) quality resources in this assignment.
In the sample, the red font is the summary, the blue is evaluation and the green is how we are using it in the essay. Took a field trip to unit 6 assignment on the student site and read the rubric of the unit 6 assignment. Students were asked to name 2 things to work on based on the rubric. I will work on proper citation and annotation of my sources and grammar check. Students were also asked to comment on the sample unit 6 assignment and comment on the strength or weakness of the thesis.
Learning Team Assignment: Learning Team Charter Analysis • Resource: Learning Team Charter • Write a 2,100- to 2,800-word analysis of the Learning Team Charter. • Discuss: o In your own words, define group communication in three to five sentences. How does group communication differ from individual communication? Discuss strategies to promote individual and group communication. o Does the section in the charter on dispute resolution have enough information?
Some entities assess if a change to the terms of an award is substantive. When the entities finalize that an alteration substantive, they then use modification accounting in Topic 718. On the other hand, when they conclude that a change is not substantive, they do not use modification accounting. Topic 718 does not specify or accommodate guidance about what type of changes are substantive. Other entities also apply modification accounting for changes to an award, with the exception of changes they consider to be fully administrative in nature.
Accruals are adjustments in regards to revenues and expenses when they are earned or an occurrence have not been recorded within the account. Accrual accounting are recorded at the time the revenue or expense hit even though cash was not paid at the moment the revenue or expense is recorded. Businesses recognize a liability and matching expense for utility costs as of the end of the month, even though the bill hasn't been received. This allows the company to match the business expenses with the revenues that are earned over the same period. This method I believe is more accurate in maintaining financial records at the end of the year and providing a better financial look into how a company is managing.
With these aspects in mind, the authors offer recommendations that would limit the effects of biases including full divestiture of consulting and tax services, prohibit auditors from taking positions with the firms they audit, removing the threat of being fired, and educate auditors so they understand how and why biases effect their decisions. I found the study conducted by Cain et al. on the effects of disclosing conflict of interest very fascinating. I was surprised that disclosure of the advisors motive to mislead the estimators did not cause the estimators to substantially discount their advisor’s advice. I would think that disclosing the advisors motives would have a greater impact on the estimator’s decision.
2. Explain these terms and basic position in your own words. 3. Include quotes. B.