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Tag: GAAP

May 5, 2023

Explain the difference between absorption and variable income statements.

Accounting by Geoffrey0 comments

Differences in income, choice of absorption and variable costing Maine LobsterCompany is a privately held company that buys lobsters from […]

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May 5, 2023May 5, 2023

What is the relationship between the quantity required to break even and the quantity used for denominator volume to determine the fixed overhead allocation rate?

Business by Geoffrey0 comments

14.1 Explain the similarities and differences among absorption, variable, and throughput costing.14.2 Explain how variable costing income statements can be […]

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February 14, 2023February 14, 2023

What are the three conditions that require a departure from an unmodified opinion audit report? Give an example of each.

Accounting by Geoffrey0 comments

INTERNATIONAL ACCOUNTING AND AUDITING STANDARDS 1. What are the three conditions that require a departure from an unmodified opinion audit […]

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February 10, 2023

What are the three alternative opinions that may be appropriate when the client’s financial statements are not in accordance with GAAP? Under what circumstance is each appropriate?

Accounting by Geoffrey0 comments

1. What are the three conditions that require a departure from an unmodified opinion audit report? Give an example of […]

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February 7, 2023

Discuss the pros and cons of each approach. Choose the method you think is preferable and justify your choice.

Accounting by Geoffrey0 comments

IFRS has strict rules that if a liability is a current liability at the end of the accounting period then […]

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January 20, 2023

Explain the value of financial ratios and why they are important? How are they used by companies, by investors, by analysts?

Accounting by Geoffrey0 comments

Why is accounting important? Who governs accounting? How consistent is accounting among companies in the same industry? Can show an […]

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November 23, 2022November 23, 2022

What four financial statements are contained in most annual reports?

Accounting by Geoffrey0 comments

What four financial statements are contained in most annual reports?3-2 What do the numbers on financial statements actually represent?3-3 Who […]

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April 22, 2022

Describe the changes and what would be the impact on Corporate America, society, CPA firms and other constituencies. IFRS and GAAP, Corporate Governance, issues, road blocks and more. You are to cover this topic in relation to any aspects of it. Examples: issues with backdating contracts, issues with taxes, and more.

Accounting by Geoffrey0 comments

Write the paper a. Background information to topic of Corporate Governance; research question – what is it that your investigating […]

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January 17, 2022

Identify the consequence of firs adoption on information comparability as well as real growth from 2002/2005 when IFRS is made mandatory.

Accounting by Geoffrey0 comments

The accounting consequence of IFRS adoption Using accounting hypothesis, formulae and descriptive statistics to Identify the consequence of firs adoption […]

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October 25, 2021

What were your most interesting discoveries after listening to the assigned podcast? How do the events reported in this podcast relate to the topics covered thus far in this course?

Business by Geoffrey0 comments

Podcast Link: https://wondery.com/shows/business-wars-daily/episode/5680-things-are-getting-ugly-for-ugly-food-sellers/ (Links to an external site.) See the rubric for this assignment before you start writing your responses. […]

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