BusinessSimulationReportTemplate(1)

13. At the close of an interview, ask a question about:   A. All of these B. A current company event C. The interviewer's personal life D. Salary and benefits   14. Practice interview questions:   A. All of these B. Identify common interview questions C. Ensure you will not include personal examples in your answers D. Are not important   15. When asked an illegal or discriminatory question:   A. Tell the interviewer that the question is illegal B. Indirectly answer the question C. Address the issue D. Directly answer the question

Chapter 7 of the textbook presents some concerns regarding the current accounting standards for research and development expenditures. Instructions: For this discussion, you will be divided into two groups: Group B: You are assigned to Group B if you have a last name beginning with N-Z.  Assume that you are the FASB member. Write a memo defending the current standards regarding research and development. For both groups, your memo should address the following questions: By requiring expensing of R&D, do you think companies will spend less on R&D? Why or why not? What are the possible implications for the competitiveness of U.S. companies? If a company makes a commitment to spend money for R&D, it must believe it has future benefits. Shouldn't these costs therefore be capitalized just like the purchase of any long-lived asset that you believe will have future benefits? Explain your answer. For your initial post, indicate in the subject line which group you are in (Group A…

Drawing on your knowledge of your text, how would you as an accounting student classify and record research and development expenditure in your books? As: A capital expenditure Deferred Revenue Deferred Liability An expense None of the above.

DO NOT GIVE PLAGRIZED ANSWER

None

According to ethical standards of the profession, which of the following acts id generally prohibited?     Accepting engagements obtained through efforts of third parties. Purchasing a product from a third party and reselling it to a client. Accepting a commission for recommending a product to an audit. Writing a financial management newsletter promoted and sold by a publishing company.

Directions: Case I: The AICPA Code of Professional Conduct Isaac Newey, CPA, is considering leaving a position at a major public accounting firm to join the staff of a local bookkeeping and advisory firm that does write-up work, tax preparation and planning, and financial planning. The local firm is not owned by CPAS and does not provide attest services. Question: Are the Rules of Conduct applied differently to CPAS who work for a local financial institution like the one described above, as compared to a major public accounting firm?

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

can you help me on how to do my assignment?

Discuss a current event (within the past two years) involving violations of accounting ethics at a public, private, non-profit, or governmental entity. Explain the event, and how ti occurred, and summarize the results of these violations. If you were in charge, how would you respond to help mitigate a future occurrence?

The accounting employees at Redwood Roofing have not attended professional development training in two years. Which ethical principle have they violated? A. ConfidentialityB. ProfessionalismC. Professional Competence and Due CareD. Integrity

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Which of the following statements is incorrect? Select one: a. Reports produced using management accounting must follow GAAP. b. The information gathered from management accounting is not required by law. c. The practice of management accounting is fairly flexible. d. Management accounting focuses mainly on the internal user.

Aa.27.

Briefly explain how research and development (R&D) expenditure should be accounted for according to the requirements of  IAS 38.  Briefly explain the potential impacts of the accounting rules for R&D expenditure under  IAS 38 on the firm.  Briefly explain why employee skill is not recognised as an asset.

Choose only one answer as well as state their reasons/rationale for the answer chosen. 9) An application control that compares the amount of an employee’s pay raise to that employee’s existing salary is called a(n):a. Limit checkb. Range testc. Reasonableness testd. Check digit verificatione. Size check

Which of the following statements is incorrect? a.Management accounting focuses mainly on the internal user. b.The information gathered from management accounting is not required by law. c.The practice of management accounting is fairly flexible. d.Reports produced using management accounting must follow GAAP.