ACCT 505

Identify three key questions you will ask and answer when reading the research study and why these questions are important.

benefits and drawbacks associated with employing internal versus external consultants.There are benefits and drawbacks associated with employing internal versus external consultants. Some organizations, despite the availability/competencies of an internal consultant, still require employees to assist in change efforts. Think about a time that your organization underwent a change. Provide details about your organizational change example and offer information about the change. Then, detail if an...

As indicated in the reading, U.S. GAAP requires the use of historical cost for valuing most assets while IFRS permits the use of fair value. answer the question. Use your own words to summarize the information from the textbook. Provide proper citations for resources used, including the textbook. Assume you are in support of the historical cost basis as required by GAAP. Discuss why you think the historical cost approach best values the long-term assets on the balance sheet. In addition, provide...

1. 10-26 Budgeted Cash Receipts and Cash Disbursements Timpco, a retailer, makes both cash and credit sales (i.e., sales on open account). Information regarding budgeted sales for the last quarter of the year is as follows: October November December Cash sales $100,000 $120,000 $80,000 Credit sales 100,000 150,000 90,000 Total $200,000 $270,000 $170,000 Past experience shows that 5 percent of credit sales are uncollectible. Of the credit sales that are collectible, 60 percent are collecte...

CONSTRUCTIVE DIVIDENDS, REDEMPTIONS, AND RELATED PARTY LOSSES Constructive Dividends, Redemptions, and Related Party Losses Overview Suppose you are a CPA hired to represent a client who is currently under examination by the IRS. The client is the president and 95% shareholder of a building supply sales and warehousing business. He also owns 50% of the stock of a construction company. The client’s son owns the remaining 50% of the stock of the construction company. The client has received a...

Dell computer case,Dell Computer Case on Financial Reporting 1. In his analysis of the Dell fraud for Forbes, Edward Hess comments: "Too often, the market's maniacal focus on creating ever-increasing quarterly earnings drives bad corporate behavior, as it did at Dell. That behavior produces non-authentic earnings that obscure what is happening in the business. Short-termism can result in a range of corporate and financial games that may enrich management at the expense of market integrity an...

In Arthur Levitt’s speech that was referred to in the opening quote he also said: “…I fear that we are witnessing an erosion in the quality of earnings, and therefore, the quality of financial reporting. Managing may be giving way to manipulation; Integrity may be losing out to illusion.” Explain what you think Levitt meant by this statement. What role do financial analysts’ earnings expectations play in the quality of earnings?

Overview Shoals Corporation puts significant emphasis on cash flow when planning capital investments. The company chose its discount rate of 8 percent based on the rate of return it must pay its owners and creditors. Using that rate, Shoals Corporation then uses different methods to determine the most appropriate capital outlays. This year, Shoals Corporation is considering buying five new backhoes to replace the backhoes it now owns. The new backhoes are faster, cost less to run, provide for ...

Conducting And Reporting An IT Infrastructure Compliance Audit,All posts must be a minimum of 250 words. APA reference. 100% original work. no plagiarism. 1. What are the skills related to IT Auditing? List and describe 3 areas 2. What are examples of Auditor's Standards of Practice? Which organizations have issued standards or guidance to the auditor? 3. Why are the "Equity Funding" and "Enron" events so important to computer auditing? 4. What are the differences in "auditing through the ...

Unit I Journal What stakeholder identification and analysis methods do you find most useful in your project management practice? What new ideas have you considered? If you have no experience in project management, then generate a fictitious one and how you would handle it. Your journal entry must be at least 200 words in length. No references or citations are necessary.