Research an unusual or conflicting accounting principle

Assignment Help Financial Accounting
Reference no: EM13299263

Selecting a for-profit organization of interest you will research an unusual or conflicting accounting principle that has impacted your chosen organization.

The research will require you to present, review and analyze the organizations published accounting statements of the last two years. Specifically, your research paper will:

  • Identify the core functions of each department, their strengths and weaknesses, and make recommendations for improvement, as appropriate
  • Identify and describe the underlying problem or conflict
  • Compare the alternative courses of action
  • Explain the effects at issue
  • Recommend options that would be consistent with the organization's accounting practices, accounting processes, and accounting-related departments.
  • Include the last two years of published accounting statements

Present your findings as a1-2 pages Word document formatted in APA style.

Reference no: EM13299263

Questions Cloud

What potential benefits or pitfalls do you foresee : If you were a small business owner would you implement an activity-based costing system. What potential benefits or pitfalls do you foresee?
A firm focuses on only one type of customer : If you get your lunch paid for by someone else, it is free, but if you have to pay, it is not free.
Calculate the power factor of the circuit : A rms AC voltage of 118 V at 60 Hz is applied to an RLC circuit with 11.8 mH inductor, 0.171 µF capacitor, and 43.1 ? resistor in series. What is the power factor of the circuit
Explain the wavelength of light that caused the electron : If a discharged electron is moving at 6.50 x 107 m/s, what is the wavelength of light that caused the electron to be removed? The answer is 0.104nm, but I don't know how to get it. I tried wavelength = h/mv but I get .0112nm
Research an unusual or conflicting accounting principle : Identify the core functions of each department, their strengths and weaknesses, and make recommendations for improvement, as appropriate
Find the final angular speed of the carousel : A playground carousel is rotating counterclockwise about its center on frictionless bearings. Find the final angular speed of the carousel
Employee counselling and employee coaching : What are the similarities and the differences between employee counseling and employee coaching?
Price elasticity of demand for the firm product : Your company’s executive vice president circulates a memo to the firm’s top management in which he argues for a reduction in the price of the firm’s product. He says a price cut will increase the firm’s sales and profits.
Which of the following is not an advantage of the corporate : Which of the following is not an advantage of the corporate form of business organization?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the cost assigned to ending inventory

Application of LIFO, FIFO and Weighted Average method of Inventory System and evaluate the cost assigned to ending inventory and to cost of goods sold using a) specific identification

  Find the effective annual rate

Calculating Annuity Present Value, EPR & Annual Percentage Rate - What rate should the shop report? Find the effective annual rate?

  How much must ted include in his gross income as a result

Ted also owns a 10% of Subco (an S corporation) that had $100,000 of taxable income and distributed a total of $60,000 to its shareholders. How much must Ted include in his gross income as a result of being a shareholder in these two corporations?

  Unfavorable spending and volume variances be affected

A department's three-variance overhead standard costing system reported volume variances and unfavorable spending. The activity level selected for allocating overhead to product was based on 80 percent of practical capacity

  What is balance of estimated warranty liability account

How much warranty expense is reported for January 2011? What is balance of the Estimated Warranty Liability account as of December 31, 2010?

  What would you do if you were the controller

Is the change in asset life unethical, or is it simply a good business practice by an astute president? What would you do if you were the controller?

  Illustrate what is the best that can be achieved

describe whether the determination of the current value of the long-term assets is subjective or objective. Illustrate what is the best that can be achieved in such a determination?

  Purpose a master budgeted income statement

Purpose a Master (Static) Budgeted Income Statement using variable costing

  What is elaine net capital gain or loss

What is Elaine's net capital gain or loss? Draft a letter to Elaine describing how the net capital gain or loss will be treated on her tax return. Assume Elaine's income from other sources puts her in the 35% bracket. Elaine's address is 3000 Ire..

  What would be net savings for the company

If the company borrows money at 12% to pay for the purchase on the last day of the discount period and pays the loan off on the last day of the credit period, what would be the net savings for the company?

  What assumptions is the financial reporting model

What assumptions is the financial reporting model based on, what principles support the financial reporting model and who oversees the accounting profession?

  Would use of accelerated depreciation in financial stmt

Would the use of accelerated depreciation in the financial statements be more conservative or less conservative than the current practice of using the straight- line method? Explain."

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