What types of ethical issues accounting profession facing

Assignment Help Accounting Basics
Reference no: EM132003703

Questions -

1. How you could use the double-entry system to maintain records of your personal finances. What types of accounts would you use for the accounting elements?

2. As an accountant working with small business clients you have recently visited a client's business and the bookkeeper approached you with a problem. The columns of the trial balance were not equal. You assisted the bookkeeper in locating the error. Explain the purpose of the double-entry framework, the importance of maintaining equality of the accounting equation, the errors that might cause an inequality, and suggestions for finding errors.

3. What would it be like to run your own business? If you started a business, what would it be? What describes the type of business you would enjoy the most. Would it be a service, merchandising, or manufacturing business? What form of ownership would be prefered and why.

4. What types of ethical issues are facing the accounting profession? What are examples of Ethical issues in Accounting as well as Business?

5. Explain the five steps required when posting the journal to the ledger? What steps do you find yourself struggling with?

6. Explain why it would be necessary to prepare T-Accounts as well as the general journal, general ledger and trial balance?

Reference no: EM132003703

Questions Cloud

Discuss the genetic and environmental influences on disorder : Choose one disorder of malnutrition. Discuss the genetic and environmental influences on this disorder, including prevalence rates, testing, treatment.
How much value did management create or lose : If the company's tax rate is 40%, how much value did it's management create or lose for the firm during the year
Sample tests-chi square tests : What would be the means of two related populations in reference to two-Sample Tests & Chi Square Tests?
Describe the pmhnp practice environment for your home state : Describe the PMHNP practice environment for your home state, highlighting restrictions or limitations for practice. Compare the PMHNP practice environment.
What types of ethical issues accounting profession facing : What types of ethical issues are facing the accounting profession? What are examples of Ethical issues in Accounting as well as Business
Prepare a new hire policy and procedure : BUS435: Prepare a new hire policy and procedure that addresses the legal aspects of hiring employees. The policy should include the following legal aspects.
Compute descriptive statistics for variable : Compute descriptive statistics for each variable along with an explanation of what the descriptive statistics tell us about the variable.
Critically assess the accountant evaluation of the project : Skyline Walkways Ltd is planning a project that is expected to last for 8 years. Critically assess the accountant's evaluation of the project
What is your role as a compliance officer : Business 435: What is your role as a compliance officer? How does this role relate to the company and to its employees?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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