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Question :
1.Your employer engages in several joint process that produce important quantities and types of by- product. You have been asked to provide a report to management on the best way to account for by product. Prepare criteria for making such a choice and give reasons for each criteria, along with additional assumptions you wish to provide about the nature of the company you work for, recommend a particular technique of accounting for product and describe why you consider it to be better than the alternatives.
2. Susan Cheng is the CFO of Automotive solutions, a small company that makes specialized lighting equipment for the car industry. Due to intensified competition from foreign companies, Automotive Solutions has tremendous pressure price for its products. In response to this pressure top management has decided to focus more intently on the role of product quality to enhance the competitive position of the company.
With the change in competitive focus, Cheng identify that the company have to revise its CMS to better manage product quality. As an intern working for Cheng, purpose a memo describing how gap analysis could be used to revise the CMS.
Prepare a flowchart documenting the sales/collection process for ELM Corporation
What are the expected rates of reimbursement for this time frame for each payer
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
Provide an overall financial analysis for every company
Determine merchandise inventory
Purpose a post-closing trial balance and Journalize and post the adjusting entries.
Draft the appropriate audit opinion provided the subsequent scenarios.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Prepare a cash disbursement budget for March - May only.
Conduct periodic bank statement reconciliations
Evaluate subsequent income and expenses
What kind of transaction is a service revenue earned on account
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