Discussion Post – Accounting

Both U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) explicitly require the use of the absorption costing method for valuing product inventories.  Do you believe such accounting standards should permit the use of the variable costing approach and the contribution format for the income statement presentation? Why or why not? Share…

Impact of Technology on Accounting

1. Review the PowerPoint presentation "Enterprise Risk Management' and Answer the following question: Is technology advancing Enterprise Risk Management in organizations? If so how? 2. Review this PowerPoint presentation "Internal Control" and  please explain what are Internal Controls? InternalControlCRIME.pdf EnterpriseRiskManagementGOPRO.pdf *Internal Control (CRIME) 1. Control Environment – EBOCA 2. Risk Assessment – SAFR 3. Information and Communication…

For this week’s assignment, you have the task of writing both good and bad news.

  For this week’s assignment, you have the task of writing both good and bad news. When writing good news, remember to use the direct approach; however, when writing the bad news, use indirect approach. A single upload is fine, as long as each memo starts on a new page. You are welcomed to use…

Accounting Week 3

There are 3 contingent liability categories specified in generally acceptable accounting principles (GAAP): probable, possible, and remote. In general, probable contingencies are more likely to occur and can be reasonably appraised. Possible contingencies are less likely to occur, but could still occur. Remote contingencies are not likely to occur. Respond to the following in a…