User Account

All Pages

What is good about the new standard

Assignment Help Accounting Basics
Reference no: EM132187785

Question: Topic: No. 2018-15 August 2018 Intangibles Goodwill and Other Internal-Use Software (Subtopic 350-40) Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract

The steps which students ought to follow in preparing their recommendation to the client are as follows:

1. Research the issues and accumulate relevant points for the Recommendation Letter to the client.

2. Prepare the Recommendation Letter 2-3 pages.

3. Prepare PowerPoint slide presentation of the relevant questions and issues reflected in the Recommendation Letter.

4. Record the presentation by all group members using zoom and one group member save the presentation as an mp4 file. Upload the PowerPoint slides, Comment Letter, and mp4 file to blackboard.

What is good about this new standard?

What is bad about this new standard?

Should the client implement this new standard/Is it worth it?

Reference no: EM132187785

Questions Cloud

Multiple regression analysis : In a multiple regression analysis, k = 5 and n = 21, the MSE value is 3.58, and SS total is 498.46. At the 0.05 significance level
Formulate the null and the alternative hypotheses : (a) Formulate the null and the alternative hypotheses in terms of the population mean.
Binomial distribution formula : Please show me step by step how to solve in excel using the binomial distribution formula.
Confidence interval for the proportion of all xyz city : Using the sample data, compute a 95% confidence interval for the proportion of all XYZ city businesses with substance problems.
What is good about the new standard : Record the presentation by all group members using zoom and one group member save the presentation as an mp4 file. Upload the PowerPoint slides, Comment Letter.
Linear correlation between shoe size and reading level : Suppose some researchers studied in first grade and found a strong positive linear correlation between shoe size and reading level.
What is the purpose of the letter from the chairperson : What is the purpose of the "Letter from the Chairperson"? Which section of the annual report may include industry trends, favorable and unfavorable?
What is the lower limit of the confidence interval : What is the lower limit of the 99% confidence interval? What is the upper limit of the 99% confidence interval?
Develop students skills and application of knowledge : This assessment is designed to reinforce the subject content and develop students' skills and application of knowledge of the subject content to business.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journal entries in books of alfa ltd

Pass  necessary journal entries in books of Alfa Ltd. for the above transactions. Application for 1,00,000 shares received. Shares were allotted to all the applicants on pro-rata basis and excess  money received with

  Amount of income tax refund

What is the amount of income tax refund to be included in their 2009 income tax return? How should they report the $535 tax deificiency they paid to the Kansas Department of revenue?

  Calculate net cash provided or used by investing activities

Paid $49,000 cash to purchase a new truck. Use the above information to calculate the net cash provided or used by investing activities

  Alicia summers is a vice president at harbor state bank in

alicia summers is a vice president at harbor state bank in boston. during 2007 she worked for the bank all year at a

  Astair inc reported sales of 8000000 for the month and

astair inc. reported sales of 8000000 for the month and incurred variable expenses totaling 5600000 and fixed expenses

  How do ethics affect a company''s financial results

Do you think the Sarbanes-Oxley Act has made a difference in the ethical behavior of companies regarding their financial accounting? Why or why not?

  Ryan olson organized a new company me too inc

For each of the transactions, prepare journal entries. Be sure to categorize each account as an asset (A), liability (L), stockholders' equity (SE), revenue (R), or expense (E).

  What is the importance of the revenue recognition principle

What is the importance of the revenue recognition principle and the matching principle related to each method of accounting

  Prepare an income statement for Kellogg Company

Kellogg Company is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles.

  What would be the entry to record this transaction

A sales invoice totaling $3,000 and dated January 14 has discount terms of 2/10, n/30. If it is paid January 23, what would be the entry to record this transaction?

  Prepare the formal statement of cash flows

Organique Trink Corporation's Comparative balance sheets and income statement for the current year below: Prepare formal Statement of Cash Flows for the year

  Briefly assess susan financial situation

Susan Lussier is 35 years old and employed as a tax accountant for a major oil and gas exploration company. She earns nearly $135,000 a year from her salary.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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