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The public accounting profession is quite competitive and it is through the effective use of technology that one can maintain a competitive edge. For example, an auditor can usually complete an audit engagement in less time--and be surer of his/her findings--than he/she would be without using technology in his/her audit. This will permit the auditor to charge less for his/her work and to obtain more clients. And, if his/her findings can be supported, he/she will be less likely to experience legal ramifications (from the SEC, from stockholders, and so on).
Discuss some other changes you think will occur in the way financial information is gathered, processed, and communicated as a result of increasingly sophisticated IT.
Discuss several career opportunities available to students who combine a study of accounting with course work in AISs, information systems, and/or computer science. Can you think of other jobs where these skill sets would be desirable?
"When we computerize an AIS, we merely change how the data is processed; we don't change what tasks are performed." Do you agree? Give examples to support your position.
Evaluate the basic EPS and the diluted EPS for Peak Performance
Accounting for bad debt expense
Discount tables for several different interest (discount) rates that are to be used in any discounting calculations are given below. Assume for questions 2-6 that Hilltop is not subject to income taxes. If Hilltop requires investments to earn an 8% ..
Interest is payable on November 1 st and May st. (Assume a 360 day year 30 day months) - Prepare the 09/21/08 entry for this transaction.
Traceable fixed expenses totaled $216,000 and were allocated as 70 percent to Eastern and 30 percent to Western. Common fixed expenses totaled $295,000.
Prepare income statements for 2037, 2038, and 2039 under the subsequent approaches to interperiod income tax allocation
What is the present value of the cash flow stream that the company is offering you
Determine the basic and diluted earnings per share values for year ending 31 st December, 2011. Austin has compiled the information given below.
Dotty's insurance company reimbursed therefore $8,800 of these expenses. If Dotty's AGI is $47,200, evaluate her medical expense deduction.
Evaluate managements discussion and analysis
From your text and at least one scholarly source, research information on responsibility centers. Explain how responsibility centers are used for the budgeting process
Evaluate the amount of Milt's income that is subject to income tax by each state. Make sure to evaluate the full taxable income and show all calculations.
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