Integrity and excellence

Assignment Help Accounting Basics
Reference no: EM1364652

The core values for this course are integrity and excellence. Applying the values of integrity and excellence, discuss ethical considerations of accounting for business combinations in a manner that prevents misunderstanding in the questions below.

Business combinations have become an important strategic move by corporations for various reasons.

Discuss the various types of business combinations. Why may companies seek to engage in business combinations?

Discuss the importance of understanding the GAAP behind business combinations before performing the accounting. Additionally, why is it important that accountants report the numbers as dictated by GAAP regardless of what they may be?

Reference no: EM1364652

Questions Cloud

Recommendation to use or sell facilities : ABC Corp. owns a piece of land and building a few miles from its headquarters. The land originally cost ABC $500,000 to purchase.
Compare annual reports : With respect to the three reports in comparison: Income Statement, Cash Flow Statement, and Balance Sheet how can I "zero" in, or in laymen's terms, do an efficient comparison.
Describe the relationship between organizational functions : Describe the relationship between organizational functions and organizational structures
Information about partnership : Net Income for Levin-Tom partnership for 2012 was 125000. Levin and Tom have agreed to distribute partership net income according to the following plan.
Integrity and excellence : Business combinations have become an important strategic move by corporations for various reasons. Discuss the various types of business combinations. Why may companies seek to engage in business combinations?
Corporate agency policy on employee use of instant messaging : What specific questions should a corporate or government agency policy on "Employee use of Instant Messaging (IM) using corporate computers" address?
Determine the present value of inheritance : Suppose you receive a $100,000 inheritance in 20 years. You can invest that money today at 6 percent compounded annually. Determine the present value of your inheritance?
Functional coordination and integration : Show the importance and methods of coordination and integration needed among the product, people and support process functional strategies to better ensure overall functional strategy success.
Net cash from operating activities : Why may net cash flow from operating activities on the cash flow statement be different from the amount of net income reported on the income statement?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Unocrrected misstatements

Uncorrected Misstatement and Performance Materiality. Rivers, CPA is auditing the financial statements of Charger Company, a client for the past five years. During past audits of charger, River has only identified some immaterial misstatements (mo..

  Calculate the total drill and blast cost

Calculate the total drill and blast cost based on the blasting costs

  Direct method-amount of costs for department

The human resources department costs are allocated using the direct method and based on the number of employees, and the total amount of costs for the department is $187,000.

  Corporate law case studies

Corporate Law Case Studies, case for  Designco Pty ltd designs, manufactures and distributes craft kits for children, case for  Andrew and Belinda are the only shareholders and directors of Sailors Pty Ltd

  Accounting business taxes-equities-fair value

Please describe the accounting treatment when a company purchases less than 20% of another company's stock. Please describe how revenue and dividends are treated when the equity method is used.

  Accounting cycle-sample financial statements

Collect the 4 main financial statements from credible sources (newspaper, peer-reviewed journals, investor relations, web sites or annual reports. Create a flow chart that illustrates the steps in the accounting cycle.

  Phases of the retirement plan

Kim is measuring her retirement plan. Assume she has $500,000 when she retires in an account that earns at an effective annual rate of 9%.

  Journal entries for collections with cash discounts

Prepare the journal entries to record the November 17, 2011 (ignore cost of goods) and collection on November 26, 2011, assuming that the gross method of accounting for cash discounts is used.

  Discuss cash dividends and stock dividends

Discuss cash dividends and stock dividends. How is each recorded? When each is issued, what is the affect may it have on assets, liabilities and owner's equity?

  Investment gains and losses

Discuss how we account for investment gains and losses. Is there any controversy here? What is it and why?

  Purchase method for consolidation entries

Pacific has the following account balances as of Feb 1. Western pays $2,020,000 in cash. An additional $20,000 is paid in direct combination costs. For each of the following accounts, determine what balance will be included in a Feb 1 consolidatio..

  Fraudulent activity in business

What type of fraudulent activity could this have been and what type of testing could have been included in the audit to discover it? What can auditors do to verify inventory levels and that no fraudulent activity is occurring between annual inven..

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