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Accounting Information Systems
1. You have been asked by the CFO of the company where you work or previously worked to evaluate the use of a professional service organization for processing the company's payroll. Identify the top-three issues that should be discussed when considering contracting the services of a payroll service provider. Evaluate the impact, both positive and negative, of each issue on the process in question. Provide specific examples to support your response.
Using the information from the e-Activity, identify the key elements of a plan to outsource your firm's payroll function. For each element of the plan, describe the impact of each element. Be sure that the elements address the necessary controls needed to safeguard your firm's personnel data. Provide specific examples to support your rationale.
2. Your firm is planning to move to International Financial Reporting Standards (IFRS) reporting within the next fiscal year. Analyze the risks and rewards by moving to IFRS and the impact that technology will have on the change. Include the advantages and disadvantages of IRFS compared to the Generally Accepted Accounting Principles (GAAP). Provide specific examples to support your analysis.
Develop a proposal for migrating your firm to IFRS from GAAP. Discuss how you will educate your users in IFRS.
Monforte Inc. began operations in January 2015. For certain of its property sales, Monforte recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes, Monforte recognizes income when it collects..
What is the EPEAT tool? How is it used?
Random Enterprises signed a discounted note on Jan 1, 2010 promising to pay the lender $10 million in 2 years, and will not make periodic interest payments. The lender wants to earn a 12% APR
1. Petros Limited is a subsidiary of Butros Limited. When Butros acquired its 60% interest the retained earnings of Petros Limited were $20 000. At the beginning of the current period Petros Limited's retained earnings had increased to $50..
Based on the company's past record, you MUST present recommendations for the company on how to be a more responsible corporate citizen, applying a sustainable business model, as well as the concept of the triple bottom line to their strategic dec..
explain the types and payment patterns of notes. provide examples of current types of
down home jeans co. has an annual plant capacity of 63100 units and current production is 46000 units. monthly fixed
a business is operating at 90 of capacity and is currently purchasing a part used in its manufacturing operations for
the accounting records of hobart industries show the following information for the most recent year ended december 31
The San Diego Tennis & Racquette Club has asked Rachel Green to devise a profit-maximizing pricing strategy. In doing so, Green knows that a typical player will want to play 15 hours per season if court time costs $25 per hour. On average, this de..
Indiana Co. began a construction project in 2013 that will provide it $162 million when it is completed in 2015. During 2013, Indiana incurred $38 million of costs and estimates an additional $90 million of costs to complete the project.
Prepare the adjusting journal entry on December 31. In separate T- accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.
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