Define the process you will use and address the following assessed classroom discussion o What procedures will be used to collect accounting evidence? The management in your company is deciding if it is necessary for the company to perform a full financial status review prior to the bid. As an internal accountant, prepare a report for management that provides supporting information for a full financial status review prior to the bid.
Click here for download: Include the following in your paper: Your client is not clear about why you are asking for information on the following topics: The client is a regional trucking company.
A new customer has approached the client with an opportunity that would require trailers—20 more than the trucking company currently owns. The client is uncertain how long the relationship with the customer may last, but the deal has the potential for significant growth.
Your supervisor has asked you to research leases and lease structure issues on the Financial Accounting Standards Board FASB website, in particular the current practice and thought related to direct financing, sales type, and operating leases. Keep the memo brief while exploring the issues.
Remember that both the client and the supervisor have limited time, and you want to make a good impression. Recommend an approach that the client can use to evaluate and capitalize on this opportunity. The client, meanwhile, has asked you to describe what would happen to his or her financial statements.
The client has also informed you that by losing the lawsuit, he or she anticipates losing the mortgage and has started talking to a mortgage lender.
The client wants to know if part of the debt is forgiven, or if the mortgage is rewritten, or if the mortgage will be rewritten if he or she files Chapter The lawsuit also involves a patent held by the company. The company had acquired a hedge contract against the impairment of the patent.
Aside from the recovery of the hedge, the client wants to know how the impairment of the patent will be reflected on the financial statements in the event of losing a lawsuit. Include the following in your memo: Report requirements for contingencies and describe what would happen to the financial statements if the client loses the lawsuit.
How will the reporting on the financial statement be determined? Describe how the impairment of the patent will be reflected on the financial statements in the event of losing a lawsuit.
The acquired company includes two segments and two different pension plans. Also include an explanation of what must happen for the two segments to be eliminated.
You do not need to know details about the segments to answer this. Pay particular attention to accounting treatment of share-based payment and accounting consolidation theory as it relates to special purpose entities. Keep the memo as brief as possible while fully exploring the issues.ACC Week 2 Individual Assignment Procedures in Collecting Forensic Evidence As corporate controller for Apollo Shoes, you are tasked to find and explain any irregularities in the Apollo Shoes Case.
Acc Week 10 Acc Week 10 Write a Set of Instructions Explaining in Objective Terms How the Lottery Shirley Jackson Describes Should Be Conducted.
Imagine You Are Setting These Steps Down in Writing for Generations of Your Fellow Townspeople to Follow. ACC Week 3 Substantive Procedures for Asset Irregularities You are the internal accountant at a company that is preparing for an upcoming government contract bid.
The management in your company is deciding if it is necessary for the company to perform a full financial status review prior to the bid.
(21) October (21) Get online help with your Assignments ACC/ ACC/ Get help with your Assignments ACC/ ACC/ ACC ACC/ ACC/ ACC/ ACC/ ACC/ SOC/ B. Acc individual assignment procedures in collecting forensic evidence Individual Assignment: Procedures in Collecting Forensic Evidence As corporate controller for Apollo Shoes you are tasked.
Financial Statement Fraud Analytical Procedures. Examples of consistency and inter-relationship tests ; Procedures in Collecting Forensic Evidence ACC Assignment Substantive Procedures for Cash Outflow Irregularities ACC Learning Team Assignment: "Auditing for Fraud'" is the property of its rightful owner.