(TCO 1) Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for (TCO 1) Which of the following costs does not change when the level of business activity changes? (TCO 1) You own a car and are trying to decide whether or not to trade it in and buy a new car. Which of the following costs is an opportunity cost in this situation? (TCO 1) Shula’s 347 Grill has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: materials, $4,080; hourly labor (variable), $5,200; rent (fixed), $1,700; depreciation, $800; and other fixed costs, $600. Each steak dinner sells for $14.00 each. What is the budgeted fixed cost per unit? (TCO 1) Which of the following costs is not part of manufacturing overhead? (TCO 1) Product costs (A) are also called manufacturing costs (B) are considered an asset until the finished goods are sold. (c) become an expense when the goods are sold. (d) All of the above answers are co
(TCO 1) The Accounting Equation is used to develop the organizations financial reports. (1) Describe what liabilities are (10 points) and (2) provide an example of a liability account. (10 points) (TCO 1) The financial statements present a company to the public in financial terms. (1) Which financial statement identifies how well the company performed during the year (10 points) and (2) explain what information this financial statement provides. (10 points) (TCO 1) The accounting profession follows a set of guidelines for measurement and disclosure of financial information called the Generally Accepted Accounting Principles (GAAP). (1) Explain what the Entity Assumption is (10 points) and (2) provide an example of its application. (10 points) (TCO 2) Transaction analysis results in the development of a journal entry. A building is purchased for $35,000. (1) Name the accounts impacted and how using the format account name/debit or credit/dollar amount (10 points) and (2) explain how the
1-have to contain calculation in every slide with every point with the explanation
2- have to contain table of content
This is an accounting assignment for Master degree, but in this format of questions and answers the maximum level I see here is University. The last question is an excel sheet that I am also attaching apart. I have to show the calculations in the exercises.
Why would companies choose to disclose Intellectual Capital information in the narrative sections of corporate annual reports? 2000 words max references on intellectual capital reporting, voluntary disclosure, narrative reporting etc. need to be able to access the articles
After reading the article “Ernst & Young's Liability for Lehman Larger Than Claimed,” discuss Ernst & Young’s “going-on” liability after their 2007 arbitrary cutoff of responsibility from Lehman Brothers financial statements (10-Ks). Present evidence that the consolidated financial position of Lehman Brothers was not in conformity with US generally accepted accounting principles by discussing the material misstatements due to fraudulent financial reporting or misappropriation of assets. Explain how consolidation reporting issues affected the construction of Lehman Brothers consolidated financial statements.
Article Link:
http://www.forbes.com/sites/francinemckenna/2010/12/28/ernst-youngs-liability-for-lehman-larger-than-claimed/#1dfcc6d16593
Minimum Word Count: 250
Intercompany debt, both long term and short term, arises frequently. In some cases, intercorporate borrowings may arise because one affiliate can borrow at a cheaper rate than others, and lending to other affiliates may reduce the overall cost of borrowing. In other cases, intercompany receivables/payables arise because of intercompany sales of goods or services or other types of intercompany transactions.
a. What major problem might arise with intercompany debt between a domestic parent and foreign subsidiary or between subsidiaries in different countries? How has Hershey Foods dealt with this problem?
Minimum Word Count: 250
How do finance and accounting play a role in ethics and sustainable positive social change?
How might you use accounting or finance to support this role that you described above?
1 1/2 page
Include Reference
Write a 700- to 1,050-word summary of your team's discussion regarding IFRS versus. GAAP. The summary should be structured in a subject-by-subject format. Include an introduction and a conclusion. Your discussion should include the answers to the following:
- IFRS 2-1: In what ways does the format of a statement of financial or position under IFRS often differ from a balance sheet presented under GAAP?
- IFRS 2-2: Do the IFRS and GAAP conceptual frameworks differ in terms of the objective of financial reporting? Explain.
- IFRS 2-3: What terms commonly used under IFRS are synonymous with common stock and balance sheet?
- IFRS 3-1: Describe some of the issues the SEC must consider in deciding whether the United States should adopt IFRS.
- IFRS 4-1: Compare and contrast the rules regarding revenue recognition under IFRS versus GAAP.
- IFRS 4-2: Under IFRS, do the definitions of revenues and expenses include ga
