Accounting

Generally Accepted Accounting Principles and International Financial Reporting Standards: how do the two systems differ? How are they similar?do you think that GAAP and IFRS should converge?explain.

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Generally Accepted Accounting Principles and International Financial Reporting Standards. Currently, the two major sets of rules related to accounting are Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). How do the two systems differ? How are they similar? Do you think that GAAP and IFRS should converge? Explain. Your initial post should … Read more

Objective Setting and Appraisal Administrative assistant: demonstratehe purpose of performance management, performance appraisal and the link with business objectives

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Objective Setting and Appraisal Administrative assistant Demonstrate that you understand: • An organizations external and internal environmental context and how that affect HR policies and practices • The importance of acknowledging equality of opportunity, diversity and inclusion when designing HR strategies • The purpose of recruitment and selection and the link with business objectives • … Read more

Operations management: a studio-A orders 525 box printing paper for its services monthly at 7.5 KWD each (paper box price).ordering costs are 32 KWD, and annual carrying costs are 30 percent of the paper box price.compute the EOQ and total cost.

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Operations management A) A Studio-A orders 525 box printing paper for its services monthly at 7.5 KWD each (paper box price). Ordering costs are 32 KWD, and annual carrying costs are 30 percent of the paper box price. Compute the EOQ and Total Cost. (7p/20) B) The clinic periodically place orders for medical cream (skin … Read more

SCENARIO:  as described above, upon completion of the readings and quizzes, write a report .

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SCENARIO:  You are a new hire for a major corporation completing your eight-week rotation related to accounting, financial reporting, budgeting, cost control, and profit maximization. As part of your rotation you are learning about the accounting process and how to use accounting information to make managerial decisions. Read the assigned chapters to learn the accounting … Read more

Accounting: why do companies need to value their accounts receivable at the end of each accounting period?

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Accounting Your SEC 10-K company communicates their philosophy and financing strategy on the balance sheet through reporting of assets and liabilities.  First, what is Working Capital?  It is calculated as: Current Assets – Current Liabilities = Working Capital Working capital (WC) may be negative if current liabilities (CL) exceed current assets (CA).   If this occurs, … Read more

Inventory Situation Case Study: with which accountant’s philosophy do you agree?how can you explain the diverse opinions? What policies or procedures, if any, should CBU develop to avoid such problems in the future?

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Inventory Situation Case Study On January 1, CBU installed a new computer system for tracking and calculating inventory costs. On December 31, at years-end closing, CBU’s system reported inventory at $4.5 million for financial statement purposes. At midnight, the auditors performed a physical inventory count and found the inventory total to be $3.5 million. To … Read more

Financial Accounting: prepare the necessary journal entries to record these transactions.

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Financial Accounting Prepare the necessary journal entries to record these transactions. A. Jessica Johansen started Sewn for You, a seamstress business, by contributing $20,000 and receiving stock in exchange. B. Paid $2,250 to cover the first three months’ rent. C. Purchased $500 of sewing supplies. She paid cash for the purchase. D. Purchased a sewing … Read more

What are the practical accounting issues and challenges for the preparers of financial statements related to cryptocurrencies?

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Impact of Cryptocurrencies (digital assets) on financial reporting. • What are the practical accounting issues and challenges for the preparers of financial statements related to cryptocurrencies? • What type of asset is a cryptocurrency and how should changes in their value be reflected in profit and loss, and when? • Issues about accounting for revenues … Read more

Operations Strategies: choose a company and create a financial risk mitigation plan to reduce overall costs and increase efficiency in operations for your selected company.

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Operations Strategies Choose a company and create a financial risk mitigation plan to reduce overall costs and increase efficiency in operations for your selected company. Write a 5–6 page paper in which you: Describe a selected a company, its operations, and its associated industry and evaluate these areas to develop a financial risk mitigation plan. … Read more