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Aron Barash earned his CGA in 2012. Because IFRS were being introduced during his course of study, Aron spent a fair amount of time studying IFRS and the changes they would make in Canadian financial accounting. In fact, his knowledge of this area was a major reason that Giana Domili asked Aron to join the firm of Domili, Jones, and Dahra, a licenced CGA public practice. The firm gained a reputation over the years for passing all required professional inspections in an outstanding manner. In working on an assignment under one of the partners, Ian Jones, Aron noticed that Ian signed off on a file that involved a fundamental and material misapplication of IFRS, which resulted in a gross understatement of taxes payable for the year. When Aron pointed out the error and the correct application of IFRS, Ian said, "Young man, you had better learn who is boss around here. I have been an accountant a lot longer than you have and we have always done things in this way." Aron tried to explain that the "old way of doing things," while fine under the pre-changeover accounting standards, is no longer allowed under IFRS. Ian, however, refused to listen and suggested that Aron was completely out of line. Outline Aron's professional obligations as a CGA, and recommend Aron's course of action in dealing with this ethical dilemma. Include the CEPROC rules of professional conduct to consider. Your answer should be between 200 and 300 words.
Prepare the following using any required worksheets, general and or adjusting journal enries, T-accounts, and trial balance per pg 212 style.
Calculate net operating income and residual income for each division. Compare the two divisions and discuss the usefulness of ROI and residual income for the purpose of comparing the divisions.
digdug corporation had outstanding checks totaling 5400 on its june bank reconciliation. in july digdug issued checks
production and cost data for the month of february for process a of the packer manufacturing company follownbspunits in
manny company produces three products x y and z with the following characteristicsx y
Which of the following statements is true regarding the different types of general ledger accounts?
The purpose of this assignment is to get a picture of the various roles managers play and the skills required to perform effectively in an accounting role.
during 2009 the ellis corporation had 370000 shares of 20 par common stock outstanding. on january 1 2009 2000 8
Last month when Harrison Creations, Inc., sold 40,000 units, total sales were $300,000, total variable expenses were $240,000, and fixed expenses were $45,000.
An alumnus of a small university donated $150,000 to establish a permanent endowment for scholarships. The first scholarships were awarded 5 years after the money was donated.
silva and juanita rodriquez are the owners of year-round landscape inc. a small landscape and yard service business in
Which of the following account balance is shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).
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