Acc 291 Essay

From my research of the Lodge Bistro I have found the following problems within the company.

Sony have been known worldwide as a Japanese multinational company, its efforts trying to expanding business in United States, have made that Sony acquires CBS Records and Columbia Pictures. Thus, creating Sony Music and Sony Pictures, which represent Sony entertainment. This involved to the company in $1.2 billion of debt, and assigned goodwill assets for $3.8 billion.

1. A company’s ending accounts receivable balance and the period’s advertising expense would be found on which financial statements, respectively

AB266 was presented by Assemblywoman Neal. The purpose of this bill is to allow employers to deduct Family Medical Leave wages paid by the employer to an employee who has taken leave under certain circumstances. The amount of the deduction is equal to the Family Medical Leave wages paid during that period and allows that deduction against the amounts reported for the calculation of certain taxes. The Department of Taxation submitted a fiscal note of $86,147 in FY 18 and $61,477 in FY 19 based on the original bill. Assemblywoman Neal noted that the amount of the deduction is limited to $500 per employee per week with a maximum length of 12 weeks.

f) To evaluate the material misstatement in the accounts, I think both of the consolidated income statement and the three financial statements are useful. We need to use the information properly from all the financial statements. However the consolidated income statement is the most useful one. If there is a significant change in an account balance comparing with preceding two years, the auditor will examine whether there a material misstatement exists. For instance, the bad debt expense as a percent of net sales in 2011, 2010 and 2009 are 0.56%, 0.70% and 0.69%, respectively. There should

Through using the IDEA software, I was able to dive deeper into the recorders of Troy Township. I was able to import Troy’s fiscal year transaction data and run multiple analysis on the data. IDEA is an easy-to-use software that took the difficulty out of the sorting and configuring reports that could show exactly what I was looking for. I was able to create many useful reports that helped me get to the bottom of the fraud that I believe was happening at Troy Township. The records I will be evaluating are; a record count report, a material amount report, a highest expenditure report, a day specific report, a Benford’s report, a duplicate report, and a name specific report. All these reports have their own bit of useful information that had led me to the conclusion that fraud is occurring at Troy.

A change to government spending (Specify whether increase or decrease is needed to shift IS curve to the right.)

Accounting 260 Major assignment Kowloon Tong ltd- Jordan ltd 1. Acquisition analysis at 1 July 2008 Net fair value of identifiable assets and liabilities of Jordan ltd = 60000 +30000 +21000+6000 +6000(1-30%) Inventory +1000(1-30%) Machinery +6000(1-30%)

The cartridges currently in use are the 3M 6001 cartridges, and the 3M 6003 cartridges. The 6003 provides better odor restraint against acid gas.

Totalitarianism (or totalitarian rule) is a political system where the state recognizes no limits to its authority and strives to regulate every aspect of public and private life wherever

7. Debt to capitalization = Long-term Debt in Balance Sheet / Long term debt + Net Assets in

However, in the GFC, Virgin’s liquidity ratio dropped a lot compared with the performance of Qantas. After 2008, Qantas soon recovered from GFC, its current ratio, quick ratio and cash ratio are even better than before and also better than Virgin’s performance in last four years. The good tendency of liquidity ratio of Qantas shows Qantas has stronger ability of current debt payment than Virgin Blue.

Pay attention when filling out the scantron. Arrive on time! Students must bring a #2 pencil in order to fill out the SCANTRON form. The instructor does not provide pencils. Students will be asked to fill in their first and last name and their University ID number (UID #) on the scantron form. It is VERY important to blacken all the bubbles for the UID # correctly! Failure to do so will result in a blank or zero score until the mistake is corrected, as well as a 2-point penalty for failing to follow directions. Note that only the GTA can help students fix the scantron form. Fixing one’s bubbles can only be done in person! Once the UID # is corrected, students can find out their grade, which is printed on the scantron form.

For investors to objectively analyze and rate companies they need to have access to certain financial information in order to make informed business decisions. Key financial figures such as Statement of Income, Balance Sheet Statements, and Cash Flow Statements are used to make these comparisons. To ensure that companies are reporting the same financial information several accounting and auditing standards have been created and must be followed. In the follow paper two companies, Abercrombie and Fitch and Hennes & Mauritz, will be evaluated based on their financial statements in a goal to determine which company is more