Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consider the following claim from a business observer:
An accountant"s job is to conceal, not to reveal. An accountant is not asked to give outsiders an accurate picture of what"s going on in a company. He is asked to transform the figures on a company"s operations in such a way that it will be impossible to recreate the original figures. An income statement for a toy company doesn"t tell how many toys of various kinds the company sold, or who the company"s best customers are. The balance sheet doesn"t tell how many of each kind of toy the company has in inventory, or how much is owed by each customer who is late in paying his bills. In general, anything that a manager uses to do his job will be of interest to some stockholders, customers, creditors, or government agencies. Managerial accounting differs from financial accounting only because the accountant has to hide some of the facts and figures managers find useful. The accountant simply has to throw out most of the facts and some of the figures that the managers use when he creates the financial statements for outsiders. The rules of accounting reflect this tension. Even if the accountant thought of himself as working only for the good of society, he would conceal certain facts in the reports he helps write. Since the accountant is actually working for the company, or even for the management of the company, he conceals many facts that outsiders would like to have revealed.
Required:
a. Discuss this observer"s misgivings on the role of the accountant in financial reporting.
b. Discuss what type of omitted information the business observer is referring to.
discuss the colonial period in southeast asia - which countries influenced this region and what influences are still
in a 250-300 word response answer the following question do you believe most people are poor listeners or good
What is the estimated annual change to Year 1-n cash flow due to depreciation from a capital budgeting investment costing $100,000 with a useful life of 12 years and a salvage value of $28,000? Assume a 34% tax rate and straight-line depreciation.
Calculate the EOQ number of orders per year. (Round your answer to 2 decimal places (e.g., 32.16).)
A bond's credit rating provides a guide to its risk. Long-term bonds rated Aa currently offer yields to maturity of 7.5%. A-rated bonds sell at yields of 7.8%. Assume a 10-year bond with a coupon rate of 7% is downgraded by Moody's from Aa to A ra..
what kind of intervention would that country's central bank be forced to undertake, and what effect would it have on it's international reserves and the money supply?
Discuss the distributions of principal, interest and the balance over the life of the loan. You must submit your backup in Excel or other supporting documentation showing how answers were reached.
Assume that you have been hired as a consultant by CGT, a major producer of chemicals and plastics, including plastic grocery bags, styrofoam cups, and fertilizers, to estimate the firm's weighted average cost of capital.
If the stock market is semi-strong efficient, which of the given statements is correct? All stocks should have the same expected returns; however, they may have different realized returns.
Eastern Telecom is planning to decide whether to increase its cash dividend immediately or use funds to rise its future growth rate. It will use the dividend valuation model originally presented in purposes of analysis.
a if reserve requirements on checkable deposits were set at zero the amount of multiple deposit expansion would go on
ABC is a constant growth firm that just paid a dividend of $1.50, sells for $18.84 per share, and has a growth rate of 8%. Flotation costs on new common stock total 10%, and the firm's marginal tax rate is 40%.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd