ACCOUNTING MINICASE: ACCT – 17 TEACHING NOTES BUSINESS ETHICS PROGRAM Ignore the Error? Teaching Notes What Are the Relevant Facts? 1. Kelsey‚ the audit senior‚ knows a material cutoff error exists in Compo’s financial statements. 2. Compo‚ a major client of the CPA firm‚ does not want to make an adjustment for the cutoff error. 3. 4. What Are the Ethics of the Alternatives? • Contrary to the firm’s policy‚ Bruce‚ the audit manager‚ has asked Kelsey not to document the cutoff error. What
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So lack of guns‚ actually contribute to these massacres as mad people seek out gun free zone to slaughter as many people as possible. Either that or mad people massacres everywhere and they never turn into massacre because some law abiding citizen holding a gun end the madness. “But still” antigun lobbyists might say‚ “America has a very high gun-related crime rate and we have a lot of guns. Is there any correlation?” the answer is NO. Australia has a higher gun crime rate and they banned guns decades
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Accounting 221 Exam 1 -- Fall 2003 Multiple Choice (10 points). Select the correct answer for each of the following multiple choice questions. 1. Assets may best be defined as: a. Economic resources invested by the owners of a business. b. Tangible economic resources of value. c. Economic resources invested by the creditors of a business. d. Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. e. Probable future economic
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prevent further discrimination and large gaps in pay between male and female. 2. Is it legal for Wal-Mart to engage in proportion gender based hiring or is this policy impermissible and thus illegal reverse discrimination under the Civil Right Acct? Proportion gender can still be considered/viewed discriminatory and illegal. For instance if a Wal-Mart location has 5 male and 6 female managers‚ the next opening for manager role would have to be given to a male if they are going according to “proportion
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John Knotwell ACCT 6350 10/10/2014 Case Hilton Manufacturing 1) If the company had dropped product 103 as of January 1‚ 2004‚ what effect would that action have had on the $158‚000 profit for the first six months of 2004? The impact on the profit would have been to decrease the profit by about $2.5M. This would mean that this would now trend to an unprofitable move. It was wise NOT to divest the product in the first half. 2) In January 2005‚ should the company reduce the price of product 101 from $9
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CORPORATION LTD (A Government of Karnataka Enterprise) 2nd Floor‚Venkatadri Heights‚Kiresur Complex‚ Unakal Cross‚ Hubli-580031 e-Mail: khdchoaccts@gmail.com website :www.khdcltd.com Tel: 0836 –2277508 /2277507/2277504 Fax: 0836 –2277506 No. KHDC:MD/DMA/ACCTS/HO/2012-13/2079 Date :.29.09.2012 TENDER FOR SUPPLY OF PRINTING MATERIAL Through E-Procurement (Please read carefully before filling the tender form) The Karnataka Handloom Development Corporation Limited (A Government of Karnataka Enterprise)‚ HUBLI
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on a provided “key” data to fetch an object. – V is the object type that the HashMap will contain. • Similar to E in ArrayList. Example import java.util.*; public class HashMapDemo { public static void main( String args[] ) { HashMap accts = new HashMap(); accts.put( "Bob"‚ new BankAccount( 2000 ) ); accts.put( "Alice"‚ new BankAccount( 1000 ) ); accts.get( "Bob" ).deposit( 500 ); // how do you print Alice’s and Bob’s balances? } } Other HashMap Methods • void clear()
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Supermarket (Grocery) chain: 7 Fast- Food restaurant chain: 8 Pharmaceuticals: 9 Wholesale food distribution: 10 Advertising agency service: 11 Internet retailing: 12 Discount general-merchandise retail: 13 I saw two industries with the same acct. Receivables ratio is 4% are Internet retail and Electric utility‚ and the industry has higher total current assets is Electric utility as number 1. Then‚ internet retail matches with number 12. I chose two industries with the highest R&D ratio
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Impairment of Notes Receivables US GAAP requires entities to assess whether financial assets are impaired and recognize the impairment. If a note receivable is impaired‚ the loss is measured by the creditor as the difference between the investment in the loan (usually the principal plus accrued interest) and the expected future cash flows discounted at the loan’s historical effective interest rate. US GAAP recognizes the uncollectible amount through an allowance account. Unlike IFRS‚ US GAAP prohibits
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