Questions: For the following numerical problems, detailed answers must be shown. This involves providing a brief description of the problems, formulae used, progressive and final answers to the questions. For assignments you are expected to show your workings using the appropriate formula.a.Sandy expects to receive the following stream of cash flows from an investment over the next 5 years:End of year Cash flow ($)1 4002 […]

Question: The purpose of this assignment is to apply managerial accounting concepts and practices and use financial data to make business decisions. Throughout the course, you have used the annual report from a Fortune 500 company to apply financial accounting concepts, including analysis of income statements and balance sheets, to evaluate the profitability and overall financial position of the company. For this assignment, consider the […]

Question: Within annual reports, companies frequently disclose information about how their managers are rewarded in terms of components of their management compensation package. For example, within IAS 25 there is a requirement for information about the components of rewards paid to key management personnel be disclosed within the company’s annual report. Required: Select two large companies listed on the securities exchange and identify the components […]

Questions: Case Study of WorldCom The WorldCom fraud was the largest in U.S. history, surpassing even that of Enron. Beginning modestly during mid-year 1999 and continuing at an accelerated pace through May 2002, the company—under the direction of Bernie Ebbers, the CEO; Scott Sullivan, the CFO; David Myers, the controller; and Buford Yates, the director of accounting—“cooked the books” to the tune of about $11 […]

Questions: Based on the Board’s decision, the CFO asks you to draft a business research report addressed to the Board of Directors on the following: a. Provide a detailed explanation of the impairment write-down(s) made by your company in the year ended 30 June 2017. Your explanation should include a discussionof the asset/s that were impaired, the amount of the impairment write-down, the indicators of […]

Questions: Part 1Answer the following questionsa. Prepare the 2018 revenue budgets (in dollar)b. Prepare the production budget (in units)c. Prepare the direct materials usage and purchase budgets for 2018d. Prepare the direct manufacturing labour budget for 2018e. Prepare the manufacturing overhead budget for 2018f. What is the budgeted manufacturing overhead rate for 2018g. What is the budgeted manufacturing overhead cot per output unit in 2018h. […]

Question: The owners of Coffee Supreme are Chris Dillon and Maggie Wells. Chris has been a national slotcar champion in his spare time and Maggie is a quite extraordinary woman with a range of interests, including a deep love for cats (and geese). I once had dinner with a few friends at arestaurant in Wellington, New Zealand. Chris Dillon was at the dinner and he […]

Question: Financial Accounting theory and analysis by Richard Schroeder, Myrtle Clark and Jack Cathey Responses should apply the concepts from the chapters chap 4 and 5 and your individual thoughts and understanding. Research Methodology Various research methodologies are available with which to study the development of accounting theory. Required: Discuss the deductive, inductive, and pragmatic research methods. Include in your discussion examples of accounting research […]

Question: Please read the financial statements (balance sheet, income statement, statement of changes in owner’s equity, cash flow statement) very carefully. Also please read the relevant footnotes of your firm’s financial statements carefully and include information from these footnotes in your answer. Please remember some aspects of your firm’s treatment of its tax –can be a very complicated area, particularly for some firms.   Within […]

Question: Impact of the Sarbanes-Oxley Act (SOX)  Assume that you are a CEO of a medium-sized company that needs a significant influx of cash for several expansion projects. As the CEO, you must determine whether your company should remain private or go public. Some companies postpone going public due to the unpredictability of economic and market conditions. Consider the ramifications of both alternatives. Construct an […]