Individual Assignment Week Two: E1-1 and E3-2 Gabriella Goodfield ACC/460 June 4‚ 2012 Martin Ginsburg Individual Assignment Week Two: E1-1 and E3-2 E1-1 Select the best answer 1. The traditional business model of accounting is inadequate for governments and not-for-profit organizations primarily because businesses differ from governments and not-for-profits organizations in that they A. They have different missions 3. The primary objectives
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Week 2 Homework 4-8 |Under SEC rules‚ your close family members include your spouse (or equivalent) and dependents and your parents‚ nondependent | |children‚ and siblings. If you are a covered person‚ your independence is affected if your close family member has an accounting | |role or financial reporting oversight role with the SEC Audit Client (for example‚ the family member is a treasurer‚ CFO‚ | |accounting supervisor‚ or controller) or owns more than 5 percent of a client’s
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Leasing Option Memo for Client Elizabeth P Grady ACC 541 December 5‚ 2011 Leslie Crews Memorandum to: Client from: Elizabeth Grady‚ Staff 1 subject: Leasing options memo date: december 5‚ 2011 ------------------------------------------------- Each year the number of leasing agreements continues to grow. There are several advantages of leasing property instead of owning. The company is protected against obsolescence and can receive 100% financing with less cost‚ fixed payments
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indicate the whole body of FASB authoritative literature. 2. Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the disclosure requirements. 3. The primary governmental body that has influence over the FASB is the SEC. 4. The FASB has a government mandate and therefore does not have to follow due process in issuing a standard. CA1-3 (Financial Reporting and Accounting Standards) Answer the following multiple-choice questions
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13. Is a professional accountant a businessperson pursuing profit or a fiduciary that is to act in the public interest? I believe that a professional accountant is a fiduciary that is to act in the public interest instead of a businessperson pursuing profit. Accountants have schooled for many years and are licensed through the State. As a professional accountant there are many rules and regulations that must be understood and followed. Professional accountants are morally and ethically required
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renewable energy consumption in the United States in 2005? Problem #2 One of the major measures of the quality of service provided by any organization is the speed with which the organization responds to customer complaints. A large family-held department store selling furniture and flooring‚ including carpet‚ had undergone a major expansion in the past several years. In particular‚ the flooring department had expanded from 2 installation crews to an installation supervisor‚ a measurer‚ and 15
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Project Name Redevelopment of a local playground Project Number Project Managers Prioritization Stakeholder (s) Start Date: Scheduled Completion Date: Mission/ Purpose What is your project going to accomplish? How does this project relate to overall goals and objectives of the company? It is part of a program or larger project? Currently the City of Dallas has embarked on an endeavor to upgrade the city’s parks and recreation centers. Our goal is improve the overall safety and to design
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Memo Review Tactics for writing Memos are the same as other communications in business ‚ such as emails or written letters. These Memos are brief‚ informal and straight to the point. When you have longer Memos they will required you to use more formal tone and conduct yourself with a professional intent. Make sure that you address the memos as needed‚ but stay away from Jargon that management might not approve of. You will have where different accounting will use this jargon among themselves
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Financial Accounting 2 Quiz 15-03008FA Name: ____________________________________________ Course & Section: __________________ General Direction: Write your answer on a separate yellow paper. Pass the test paper and answer sheet after completing the exam. Part 1 – Theories – Multiple Choice. 1. Transaction whereby a debtor and creditor may negotiate the terms of a financial liability with the result that the liability is fully or partially extinguished by the debtor issuing equity instruments
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having this center will increase without real benefits. Recommendation Based on our study‚ we have recommended the following conclusions: 1. Focusing on advertising and post many ads. Everywhere about our center and what we provide the kids. 2. We have to not limit the service to our employees‚ but to the employees all over the nation. 3. We have to minimize the number of the workers in the daycare center‚ in order to match the number of the children there‚ also to reduce the cost.
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