Discuss the type of contingencies

Assignment Help Operation Management
Reference no: EM131437120

"Contingencies" Please respond to the following: From the e-Activity, briefly discuss the type of contingencies that Coca Cola is involved in and the accounting treatment of such contingencies. Give your opinion on whether the notes to the financial statements disclose the necessary information on the contingencies for interested parties to make an investing decision. Based on the information disclosed, decide whether you would you invest in Coca Cola. Justify your rationale. Suppose management is involved in a situation where the outcome of the situation is contingent upon certain events to occur; however, management is unsure of the generally accepted accounting principles for reporting contingencies. You are the senior accountant, and management has tasked you with preparing a report on contingencies. Distinguish between a gain contingency and a loss contingency, and highlight the accounting treatment for each type of contingency. Also, recommend two (2) improvements to the reporting requirements on loss contingencies to FASB.

Reference no: EM131437120

Questions Cloud

Authorize for the gear replenishment system : A fabrication cell at Spradley's Sprockets uses the pull method to supply gears to an assembly line. George Jitson is in charge of the assembly line, which requires 564 gears per day. If the policy variable for unforeseen contingencies is set at 0.04..
Solved a linear programming model : Amy Accounting is trying to adjust the size of its staff of professional accountants to meet the expected needs of its clients over the next six months. One of Amy’s decision analysts has formulated and solved a linear programming model in the file G..
Strategic management as they relate to strategic planning : In your own words, tell how you would distinguish between competitive advantage and strategic management as they relate to strategic planning? Which are you more interested in and why? Create and post a mnemonic that will help you remember the five s..
Use a variety of decision making methods : Organizational leaders and managers use a variety of decision making methods and tools to make decisions in organizations. Describe the decision-making biases that you have either personally experienced or which you are “guilty” of and describe how t..
Discuss the type of contingencies : "Contingencies" Please respond to the following: From the e-Activity, briefly discuss the type of contingencies that Coca Cola is involved in and the accounting treatment of such contingencies. Give your opinion on whether the notes to the financial ..
What is difference between ambiguty and uncertainty context : What is the difference between ambiguty and uncertainty context "advance project management ". Why is it important to provide effective communication about employee benefits. What is a Right-to-Work law? What does everyone think about Right-to-Work l..
Expected to generate net revenue : A real-estate investor has the opportunity to purchase an apartment complex. The apartment complex costs $400,000 and is expected to generate net revenue (net after all operating and finance costs) of $6000 per month. Draw and solve a decision tree s..
Examples of the ethical-social-political and security issues : Provide examples of the ethical, social, political, and security issues faced by organizations that use information systems. Explain how you would secure information systems used by digital firms.
Project management techniques to develop information systems : Discuss how organizations can utilize good project management techniques to develop information systems.

Reviews

Write a Review

 

Operation Management Questions & Answers

  Prepare an initial response

Prepare an initial response when charged that will attract the interest of the company that posted the RFP?

  Project is routine once you have the client agreement

Closing a Project - Closing the project is routine once you have the client’s agreement that all deliverables have been met according to scope outlined in project contracts. Closing the project consist of six major steps. List and define each step. I..

  Plastic liner for concrete highway projects

The specifications for a plastic liner for concrete highway projects calls for a thickness of 3.0 mm 0.2 mm. The standard deviation of the process is estimated to be 0.02 mm. The process is known to operate at a mean thickness of 3.0 mm.  Is the proc..

  Discuss the workforce planning process

Discuss the workforce planning process. After discussing each step, explain what would happen if an organization did not follow the workforce planning process. Explain from the perspective of the employer and the employees.

  In market selection procedures

In market selection procedures

  Explain the business models and how they differ

Give examples of a pair of companies in an industry that pursue different types of business models? Explain the business models and how they differ.

  Describe the objectives of the activity

Describe the activity; how is it tied to the activities in your selected process. Describe the objectives of the activity; how will it improve the deficiencies in your selected process

  Environmental or economic factors contributing to the issue

Provide critical analysis of the conceptual and theoretical challenges related to a selected healthcare issue in a wider global context using theories, tools and methods from healthcare management and other fields of study. Consider the political, so..

  Arrogant alex learns humility

Alex Rodriguez was one of the most gifted baseball players of all time. First drafted first by the Seattle Mariners in 1993, he soon became one of the highest paid players in Major League history—until it all came crumbling down in 2014. What were th..

  What are the most important financial statements and why

Financial Statements: For a publicly traded company, what are the most important financial statements and why? If your best friend came to you and said that their business was doing poorly and you looked over their business and saw the information (i..

  More recently companies have developed two transnational

traditionally mnes developed innovation processes that were either very decentralized resulting in center for global

  Allocation for external education and travel for education

As a department supervisor, you have long been a believer in continuing education and training for your employees. You and two or three of your senior employees have served as instructors. How would you react if you were left with no allocation for e..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd