Question Description

I’m trying to study for my Accounting course and I need some help to understand this question.

IFRS vs. US GAAP essay guidelines

A major issue has surfaced in recent years relating to the similarities and differences between US GAAP and IFRS. Currently, the majority of countries in the world follow IFRS guidelines; however, the United States still uses GAAP.

You are asked to write a paper regarding the similarities and differences between US GAAP and IFRS.

The main difference between GAAP and IFRS is that GAAP is considerably rule-based, whereas IFRS is more principal-based which means IFRS has room for interpretation. The specific differences are far too many to cover in a short presentation, however, you are only asked to choose two topics and do the comparison. Potential topics are listed below:

1.Measurement of inventory.

2.Impairment loss.

3.LCM

4.Receivables

5.Cash flow statement

6.Balance sheet

7.Income statement

You should follow APA guidelines for format. APA guideline can be found at:

http://owl.english.purdue.edu/owl/resource/560/01/

Question Description: Bahrain Institute of Banking and Finance Trendy Company Payroll Processing Paper

I’m stuck on a Accounting question and need an explanation.

TRENDY Company has a Vendor Payment system that performs vendor related payments.It involves Receiving and Recording of invoices, where all invoice/s information are stored and updated in Accounts Payable Ledger. Then the next step is Validating and approval of invoices, Preparation of Check payment, and Signing of the check, after the signing of the check the system will produce a cancelled invoice that will be inputted in Record Payment Process and stored in cancelled invoice file storage.During this stage the file for Payment Journal is also updated. From the Payment Journal the last step is to Post the payment in the Accounts Payable Ledger to produce an updated transaction.

Required:

  • Given the payroll processing of Trendy Company, could you design a context diagram for the company?
  • Based on your context diagram, expand it to Level 0 DFD to document the payroll processing system at TRENDY Company

Question Description: Miami Dade College MD&A Plain English Language Discussion

I’m stuck on a Accounting question and need an explanation.

Please complete the below problems, and submit your answers in a Word document.

  1. Go to the SEC’s website (Links to an external site.) and click on search for company filings under filings and forms.
  2. On the next page, click Company or fund name, ticker symbol, CIK (Central Index Key), file number, state, country, or SIC (Standard Industrial Classification) to search for a company.
  3. On the next page, search for Starbucks by using their ticker symbol SBUX.
  4. Scroll down on the next page until you see their 10-K filing and click on documents.
  5. Click on the first document’s link: d10k.htm.
  6. Retrieve item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A).
  7. In a two- to three-page paper (12-point, double spaced), summarize their MD&A and critique it based on the SEC’s plain English concepts.

Question Description: Accounting Principles Alternatives to QuickBooks Online Accounting Software Memorandum

I’m trying to learn for my Accounting class and I’m stuck. Can you help?

(total 4 Pages, Double Spaced, APA Format)

——————————–

Subject of the paper:  Two Parts Memo 

Requirement:  The purpose of this task is to write to separate memos for the accounting class. Even though they should be provided in the same file, they should have separate references and also make sure it is clear where part 1 starts and ends and where part 2 starts. Here is the request for each part: 

Part 1: You will write a memo to the company reviewing alternatives to QuickBooks Online. Address what other accounting software can offer as well as pricing for these options.

Part 2: You will write a memo to the company addressing a major concern of yours that you wanted to be sure was covered in this process: internal controls. Discuss the various changes, including reports that must be made when transitioning from a manual accounting system to a computerized accounting system. Consider what processes might need changed or if there are any new opportunities for fraud to take place given this change.

Other information:   This is for accounting class so please bid only if you are familiar with the topic. Memo 1 should be 2 pages while memo 2 other 2 pages. Total 4 pages, APA Format.

Format:

  • APA Format
  • Adhere to the requested number of words/pages

Question Description: California State University Tax Research Memorandum

I’m trying to study for my Accounting course and I need some help to understand this question.

Please do not copy past from internet or anywhere

Background:

Rico Corporation currently owns two parcels of land (parcel A and parcel B). It owns a warehouse facility

on parcel A. Rico needs to acquire a new and larger manufacturing facility. Rico was approached by Build

It Up Buttercup Construction (who specializes in prefabricated warehouses) about acquiring Rico’s

existing warehouse on parcel A. Rico indicated that it prefers to exchange its existing facility for a new

and larger facility in a qualifying like-kind exchange. Build It Up Buttercup indicated that it could

construct a new manufacturing facility on parcel B to Rico’s specification within four months. Rico and

Build It Up Buttercup agreed to the following arrangement. First, Build It Up Buttercup would construct

the new warehouse on parcel B and then relinquish the property to Rico within three months. Rico would

then transfer the warehouse facility and land parcel A to Build It Up Buttercup. All of the property

exchanged in the deal was identified immediately and the construction was completed within 180 days.

Does the exchange of the new building for the old building and parcel A qualify as a like-kind exchange

(see DeCleene v. Commissioner, 115 TC 457)?.

Your responsibility:

Prepare a tax research memo addressing the question that has been raised.

You will need to support your conclusion using primary sources of tax law. Your textbook is NOT

primary authority nor are IRS Publications.

You must use proper citation form in your memo (see Chapter 2 for help with citation form). The form

for this communication should be professional and in the form of a tax research memo (examples

posted on Blackboard and a similar example in your textbook). Do yourself a favor and look at the

grading rubric before you submit.

This memo should be whatever length you feel is appropriate to resolve the issues. We do NOT use a

bibliography or list of references in a tax research memo. You will see that citations are within the text

of the document in the example. Once a court case has been cited in full, it can be referred to using

simply the name in italics.

You are required to INDIVIDUALLY prepare this document. Please upload your memo into Blackboard

before the due date and time.

The grading rubric for Tax memos is posted in Blackboard. For this assignment, points are distributed as

follows:

Aspects of the memo Points

Content – facts and issue(s) 16

Content – analysis 30

Content – conclusion 14

Organization 8

Audience 8

Style 8

Mechanics 8

Referencing 8

Total 100

Question Description: ACTG 076 Foothill College To Kill a Mockingbird By Lee Harper Analytical Review

I’m trying to learn for my Accounting class and I’m stuck. Can you help?

I attached a photo of a list of suggested books, you can choose either one of it, all of the books can be found on google as free pdf.

  1. Summary of the Plot
    Provide enough information for those who have not read the book or seen the movie to understand the ethical dilemma faced by the character you are analyzing. Describe the environment of the character.
  2. Issues Identified
    Describe and analyze the ethical dilemma faced by the character.
    • What are the major factual issues raised?
    • What are the major ethical issues raised?
    • Who are the major stakeholders?
  3. Options Considered
    What alternative courses of actions were considered or identified by the character?
  4. Ethical Arguments Constructed
    Determine which of the ethical principles/standards were employed by the character. (i.e., moral development; egoism; virtue; deontology; teleology; justice)
  5. Evaluate the Arguments for each Option
    • Did the character weigh the ethical reasons and arguments for each option?
    • Did the character make any unwarranted factual assumptions?
    • Did the character leave any unresolved conceptual issues?
  6. Character Decision
    • Describe how the character resolved the dilemma.
    • Explain the reasoning for the character’s chosen resolution.
    • Did the character select the ethically best way to deal with the dilemma?
    • In your opinion, what decision should the character have made?
  7. Your Recommendation
    Would you recommend this movie or book to your classmates?

Question Description: ACT 450 CSU Week 6 Internal Controls over Cash Scenarios Discussion

I’m working on a Accounting question and need guidance to help me study.

This professor is very tough in grading, and I need this by this Saturday. Either option works, but option 2 also requires excel document. Other Requirements from the first 5 weeks of feedback:

APA 7th Edition – All authors need to be listed the first time, then et al can be used.

Error free grammar/mechanical paper

AS # (Auditing Standard # from PCAOB site must be correctly sited and title noted when applicable)

It says 2 minimum sources, but she wants more than 2 peer reviewed articles within last 5 years & available on web.

Try not to rely too much on one source in one paragraph. I you have four sentences in a paragraph and three of them are directly cited from that source, that’s too much reliance on one source, so consider adding your analysis or your verbiage to it. This will also help you reduce Turnitin similarity score, and not run into risk of plagiarizing.

All tables should be added following APA format – number for your table, title, and standard APA formatting. I have taken couple points off for just copying & pasting from excel without following APA format.

Good concluding paragraph is a must.

Please include if OPTION 2 chosen.

OPTION #1: INTERNAL CONTROLS OVER CASH

The following are deficiencies in internal controls over cash.

  1. When the cashier isn’t available, Sally prepares both the deposit and opens the mail.
  2. The mail clerk may not prepare a remittance advice for the A/R department if a customer does not submit a one with a payment.
  3. Sometimes, the treasurer’s department does not stop the supporting documents for cash disbursements.
  4. Ben handles both the customer correspondence concerning monthly statements and making the bank deposits.
  5. Sam handles incoming mail and also prepares bank reconciliations; however, the bank reconciliations are not done in a timely manner.

For each deficiency:

  • Determine what applicable audit procedure(s) should be conducted to identify whether any material misstatements exist
  • Explain why you think this procedure is best for this situation.

Consider each deficiency independently of the others. While each deficiency presents potential issues, identify two that stand out as the worse with your professional knowledge. Explain your rationale. Also, how would you implement a change to improve those deficiencies?

Your written response paper should be 3-4 pages in length. Please type your response in a Word document and follow APA format, according to CSU-Global Guide to Writing and APA (Links to an external site.). Include a title page and reference page. Use two (2) outside academic sources other than the textbook, course materials, or other information provided as part of the course materials.

OPTION #2: FRAUD IN THE BANK RECONCILIATION

Poor internal control over its cash transactions are becoming a problem for the Hogan Company. The following are facts about its cash position on October 31:

  • The company’s books showed a balance of $19,004.62, which included undeposited receipts.
  • A credit of $200 on the bank statement is not included in the company’s books.

The bank statement’s balance was $15,650.

  • Outstanding checks were:
Check NumberAmount
No. 255 forNo. 289 forNo. 292 forNo. 8511 forNo. 8632 forNo. 8719 for$126.25$140.00$263.25$180.71$216.80$135.28

The only deposit was for $3,797.41 on November 7. The cashier personally handles all incoming cash and bank deposits. He is responsible for reconciling the monthly bank statement as well. The November 30 reconciliation:

Balance per books, October 31: $19,004.62

Add: Outstanding Checks

Check NumberAmount
862286238632Total$190.23$176.80$ 75.28$19,446.93
BalancesAmount
Less Undeposited ReceiptsBalance per Bank, October 31Deduct Unrecorded creditTrue Cash, October 31$ 3,797.41$ 15,649.52$ 200.00$15,449.52

Requirements:

You’re suspicious that the cashier may have pocketed some money and suspect that some of the un-deposited receipts of $3,797.41 may have been taken. Create a schedule presenting your estimate of the loss.

  1. How did the cashier endeavor to conceal the robbery?
  2. Based on the scenario alone, name two specific components of internal control that were seemingly missing.
  3. If the cashier’s September 30 reconciliation is known to be accurate and you start your audit on November 10, what specific substantive audit procedures would help you detect the missing money?

Your written response paper should be 3-4 pages in length. Please type your response in a Word document and follow APA format, according to CSU-Global Guide to Writing and APA (Links to an external site.). Include a title page and reference page. Use two (2) outside academic sources other than the textbook, course materials, or other information provided as part of the course materials.

Rubric

ACT450 Mod 6 CT

CriteriaRatingsPts
This criterion is linked to a Learning OutcomeRequirements20.0 to >16.0 ptsMeets ExpectationIncludes all of the required components, as specified in the assignment.16.0 to >12.0 ptsApproaches ExpectationIncludes most of the required components, as specified in the assignment.12.0 to >8.0 ptsBelow ExpectationIncludes some of the required components, as specified in the assignment.8.0 to >0 ptsLimited EvidenceIncludes few of the required components, as specified in the assignment.20.0 pts
This criterion is linked to a Learning OutcomeContent20.0 to >16.0 ptsMeets ExpectationDemonstrates strong or adequate knowledge of internal controls over cash or bakn fraud; correctly represents knowledge from the readings and sources.16.0 to >12.0 ptsApproaches ExpectationSome significant but not major errors or omissions in demonstration of knowledge.12.0 to >8.0 ptsBelow ExpectationMajor errors or omissions in demonstration of knowledge.8.0 to >0 ptsLimited EvidenceFails to demonstrate knowledge of the materials.20.0 pts
This criterion is linked to a Learning OutcomeAnalysis10.0 to >8.0 ptsMeets ExpectationProvides strong or adequate thought, insight and analysis of concepts and applications.8.0 to >6.0 ptsApproaches ExpectationSome significant but not major errors or omissions in thought, insight and analysis.6.0 to >4.0 ptsBelow ExpectationMajor errors or omissions in thought, insight and analysis.4.0 to >0 ptsLimited EvidenceFails to demonstrate thought, insight and analysis.10.0 pts
This criterion is linked to a Learning OutcomeSources / Examples5.0 to >4.0 ptsMeets ExpectationSources or examples meet required criteria and are well chosen to provide substance and perspectives on the issue under examination.4.0 to >3.0 ptsApproaches ExpectationSources or examples meet required criteria but are less‐than adequately chosen to provide substance and perspectives on the issue under examination.3.0 to >2.0 ptsBelow ExpectationSources or examples meet required criteria and are poorly chosen to provide substance and perspectives on the issue under examination.2.0 to >0 ptsLimited EvidenceSource or example selection and integration of knowledge from the course is clearly deficient.5.0 pts
This criterion is linked to a Learning OutcomeDemonstrates college-level proficiency in organization, grammar and style.5.0 to >4.0 ptsMeets ExpectationProject is clearly organized, well written, and in proper format as outlined in the assignment. Strong sentence and paragraph structure; few errors in grammar and spelling.4.0 to >3.0 ptsApproaches ExpectationProject is fairly well organized and written, and is in proper format as outlined in the assignment. Reasonably good sentence and paragraph structure; significant number of errors in grammar and spelling.3.0 to >2.0 ptsBelow ExpectationProject is poorly organized; does not follow proper paper format. Inconsistent to inadequate sentence and paragraph development; numerous errors in grammar and spelling.2.0 to >0 ptsLimited EvidenceProject is not organized or well written, and is not in proper paper format. Poor quality work; unacceptable in terms of grammar and spelling.5.0 pts
This criterion is linked to a Learning OutcomeDemonstrates proper use of APA style5.0 to >4.0 ptsMeets ExpectationProject contains proper APA formatting, according to the CSU-Global Guide to Writing and APA, with no more than one significant error.4.0 to >3.0 ptsApproaches ExpectationFew errors in APA formatting, according to the CSU-Global Guide to Writing and APA, with no more than two to three significant errors.3.0 to >2.0 ptsBelow ExpectationSignificant errors in APA formatting, according to the CSU-Global Guide to Writing and APA, with four to five significant errors.2.0 to >0 ptsLimited EvidenceNumerous errors in APA formatting, according to the CSU-Global Guide to Writing and APA, with more than five significant errors.