What similarities do you see between the companies

Assignment Help Accounting Basics
Reference no: EM131231028

Question 1

The process to record revenues properly has been defined by specific guidelines and principles of which you will learn in this class. There are business types and individuals that will test the limits of hiding monies from the IRS, local or state authorities.

Please research your states auditor's office, local taxing authorities or the IRS website to present a case that depicts fraudulent activities as it relates to revenues. Please state your reasoning as to why you choose the case; how you would have gone about investigating the case and controls you would put in place to prevent any future frauds of this type.

Question 2

There are various virtues and detriments that are debatable about the steady rise of business combinations worldwide. Some of these issues deal with value chain control, diversification, risk dilution, monopolism, tax loss to the US, etc.

Conduct Internet research to locate an issue relating to business combinations. Post your findings. Discuss whether you feel this is a virtue or detriment. Explain.

Question 3

There are many types of business organizations. They may be service, merchandising, or a combination of these. How would the company's line of business affect the design of its accounting information system? Give an example of at least two different types of companies and identify the basic activities and transaction cycles in each. What differences and similarities do you see between the companies?

Reference no: EM131231028

Questions Cloud

Focused strategy differ from broad strategy : ?Generic strategies’ dimensions include type of competitive advantage and target market. In your opinion, how would a focused strategy differ from a broad strategy?
Transportation systems and critical infrastructure : Is it possible for the U.S. Government to employ dual-use, all-hazards systems to protect U.S. transportation systems and critical infrastructure?
Is there a clear thesis or specific statement of purpose : Is there a clear thesis statement or specific statement of purpose? Does the speaker demonstrate a good understanding of the material? Does the speaker incorporate appropriate recent and credible supporting materials or evidence?
Firm to study and understand the external environment : Why is it important for a firm to study and understand the EXTERNAL environment? How does the General Environment differ from the Industry Environment? Select any industry of your choice: Discuss at least TWO segments of the General Environment that ..
What similarities do you see between the companies : Give an example of at least two different types of companies and identify the basic activities and transaction cycles in each. What differences and similarities do you see between the companies?
Explain the key concepts of hertzberg theory of motivation : Explain the key concepts of Hertzberg theory of motivation. Explain how would use the finding of the Hertzberg theory of motivation to motivate your workers in a fast food industry
Compute the amount of gross profit recognized : Compute the amount of gross profit recognized in 2010 and 2011. Prepare the journal entries to record the sales, cash collections and recognition of gross profit only if appropriate in the years 2010 and 2011.
Preparing to meet increased demand over the next three years : Your company is preparing to meet increased demand over the next three years. To do so, its CFO has determined that you should build a new manufacturing facility, either in Bay Town or in Pasadena. The lender will offer different rates for these two ..
The cost of the research project before approving : The marketing manager needs to know the cost of the research project before approving it. During which stage of the marketing research process would such a consideration most likely take place?

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Managerial accounting-activity-based costing

Find a journal article online about just-in-time inventory systems. In the subject line of your post, include the title of the article that you read.

  The appraisal department of bonita bank performs appraisals

the appraisal department of bonita bank performs appraisals of business properties for loans being considered by the

  Problem regarding the specification or control limits

1. MLB®. Major League Baseball (MLB) requires that a ball used in a major league game weigh between 5 and 5.25 oz. (www.MLB.com). Rawlings® is the official supplier of baseballs for MLB. In their production process, do they treat 5 and 5.25 oz. as..

  Determine the specific citation for that describes when the

determine the specific citation for that describes when the straight-line method can be used as an alternative to the

  Introductory section of cafr

The introductory section of a CAFR typically includes all of the following except

  How does the residual income approach overcome

In what way can the use of ROI as a performance measure for investment centers lead to bad decisions? How does the residual income approach overcome this problem?

  Causes this infectious disease

1.What is the infectious agent (pathogen) that causes this infectious disease? For example, name of the bacteria, virus, or parasite.

  The following data were taken from recent annual reports

Would you expect American Greetings' inventory turnover to be higher or lower than Apple's?Why?

  Capitalized by starlight

Other than the construction funds borrowed, the only other debt outstanding during the year was a $150,000, 10-year, 7% note payable dated January 1, YEar 1. How much interest should be capitalized by Starlight during Year 3?

  Prepare a schedule of cash flows from operating activities

Prepare a schedule of cash flows from operating activities using the indirect method.

  Permabilt corp was incorporated on january 1 2010 and

permabilt corp. was incorporated on january 1 2010 and issued the following stock for cash 3600000 shares of no-par

  Consultant computer programmer administrator

Diego Company has three employees-a consultant, a computer programmer, and an ad- ministrator. The following payroll information is available for each employee:

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