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Tag: Accounting principles

Evaluate the appropriate financial statement measures for determining amounts likely to be considered material by users of the financial statements

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DISCUSSION QUESTIONS AND PROBLEMS 8-27 (OBJECTIVES 8-2, 8-3, 8-4, 8-5) The following are various activities an auditor does duringaudit planning. 1. Review accounting principles unique to the client’s industry 2. Determine the likely users of the financial statements 3. Evaluate the appropriate financial statement measures for determining amounts likely to be considered material by users […]

Describe the responsibilities of a financial analyst.

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Financial Responsibilities: Describe the responsibilities of a financial analyst. Write five to seven bullet points outlining the responsibilities a financial analyst has. Use complete sentences. Financial Management Decisions: Discuss the importance of analyzing and managing finances to help make business decisions. Give examples to support your claims. Consider the bullet points you outlined in the […]

What are the ethical considerations in this case? Who are the stakeholders that are harmed or benefited in this situation? Should Tiffany continue the practice started by Jay? Does she have any choice? Which Code of Conduct principle would you act on from the professional codes of conduct guiding ethical behavior in this field ?

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Ethics play a vital role in business and in the accounting profession. Here is an opportunity to connect your current learning about inventory with the profession’s commitment to ethics. EC5: Tiffany Lyons was just hired as the assistant treasurer of Key West Stores, a specialty chain store with nine retail stores concentrated in one metropolitan […]

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