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What are the potential consequences if you do comply with your supervisor’s instructions? Who will be negatively impacted?

Instructions: Read the following scenario. Answer the questions that follow. This will be a 2-3 page submission in a question and answer format (also in paragraph form). An introduction and conclusion is not required. Refer back to your textbook for guidance on how to think through the scenario. You have been recently hired as an […]

Calculate an extra processing fee for monthly loan payments using the IF function.

The Prime National Properties Group is considering selling some of its educational facilities. The facilities have been tracked in an Access database. Shelly Williams, the President of the company, has asked you to prepare a report. Import the Access data in the file Facilities_Data as a table into Excel. Using the PMT function, calculate the […]

Analyze “what it was not, rather than what it should be.”

1. “Hines (1988) and other accounting theorists pose the notion that accounting socially constructs reality, rather than merely report the pre-existing reality of accounting transactions. As a result, all accountants must realize that accounting is a fluid, social construction that is constantly changing, and often becomes “what it was not, rather than what it should […]

1. The FASB’s Statement of Financial Accounting Concepts No. 8 (2010) and the IASB Conceptual Framework for Financial Reporting (2010) both removed “conservatism” (“prudence”) as a qualitative characteristic of useful financial information. Explain why this change was made in 2010, and use the work of Cooper (2015), to explain why “prudence” (“conservatism”) was restored within […]

Briefly discuss her concerns with allowing accounting to be the dominant source of environmental reporting information. Explain whether you agree with her thoughts.

Accounting a) As the annual rate of consumer price inflation in the U.S. is currently rising by 8.5% per annum, explain the limitations of using historic cost accounting (HCA) as the basis for providing relevant and faithfully representative financial reporting information for investors, lenders and other creditors. Within your answer highlight how alternative accounting measurement […]

Identify and apply one relevant international accounting standard to counter this argument through the lenses of cash.

Business Accounting & Finance Assignment Question: Question 1: Representing value through the statement of profit and loss A Managing Director of a for-profit organisation has claimed that profit is the ultimate measure of organisational value. Identify and apply one relevant international accounting standard to counter this argument through the lenses of cash. [15 marks – […]

Identify several courses of action that Tamira could have taken instead of the one she took.

On January 20, 2019, Tamira Nelson, the accountant for Picton Enterprises, is feeling pressure to complete the annual financial statements. The company president has said he needs up-to-date financial statements to share with the bank on January 21 at a dinner meeting that has been called to discuss Picton’s obtaining loan financing for a special […]

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