generally accepted accounting principles (GAAP). C. Tests for compliance with laws and regulations. D. Both B and C. 2. Audits of state and local governments may be performed by A. Independent CPAs. B. State audit agencies. C. Federal grantor agencies. D. All of the above. 3. In the auditor 's report the financial statements on which the opinion is being expressed
Managerial Accounting Chapters 11-13 Chapter 10 – 3 Relevant costs are costs that are avoidable by choosing another alternative. If a variable cost differs between alternatives in a decision, than it is relevant; however, it is not necessarily true that ALL variable costs are relevant. Chapter 10 – 7 Prentiss would need to isolate the unavoidable costs of the product line first. A decision of whether a product line or other segment should be dropped should focus on the differences in the
ACCOUNTING 202: Principles of Accounting SPRING 2011 |Instructor: Denise White, CPA | |Office Phone: 293-7846 | | | |Web: access the course Web site through WVU eCampus | |Section 001 MWF 10:30 CRN 10655 | |E-mail: dwhite@mix.wvu.edu Always
Eighth Edition Fundamental Financial Accounting Concepts Thomas P. Edmonds University of Alabama–Birmingham Frances M. McNair Mississippi State University Philip R. Olds Virginia Commonwealth University Edward E. Milam Mississippi State University (Contributing Author) FUNDAMENTAL FINANCIAL ACCOUNTING CONCEPTS Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright © 2013, 2011, 2008, 2006
Chapter 7 Homework These problems are not in My Accounting Lab. They can be found in the Textbook Material beginning on page 379. Complete homework using Excel or PDF Working papers (below). Check your work against the homework solutions (below). Turn in your printed homework in class. Practice Problems: Quick Check #1-10 Assigned Problems: E7-13, 19, 20, P7-26A, P7-28A (14 points) Extra Credit: P7-29A (2 points) Accounting Information Systems √ Quick Check Answers: 1. a 2. d 3. b 4. c 5
cash during the accounting period in the categories of operations, investing, and financing, is called a(an): Student Answer: Income statement Statement of retained earnings Balance sheet Statement of cash flows Report of management Instructor Explanation: Chapter 9 Points Received: 0 of 5 Comments: Question 2. Question : (TCO 2) Two major methods of asset valuation are: Student Answer: historical cost and future cost historical cost and acquisition
ACCOUNTING FOR AIRLINE FREQUENT FLYER PROGRAMS: MANAGEMENT INCENTIVES AND FINANCIAL REPORTING IMPACTS May 2012 Brian J. Franklin, BBA Accounting ‘12, College of Business and Public Policy, University of Alaska Anchorage, 3211 Providence Drive, Anchorage, AK 99508, 907-268-4233 Ext. 401, bfranklin@frontiertutoring.com ABSTRACT The obligation to provide free or reduced-fare travel to passengers who redeem their accrued frequent flyer program (FFP) benefits represents a significant liability on
[pic] International Accounting Systems – ACC 570 Prerequisite: ACC 557 or ACC 560 | | | | | | |Quarter |Summer 2011
Name: _____________________________________ Date: _________________ Third Midterm -- Chapters 8, 9, 10 & 11 100 points Key Section Possible Points True/False Multiple Choice Problems Total 25 24 55 104 Your Score Your Points ___________ Be legible!!!! (If I can’t read what you put down, I can’t grade it and I will not guess at what you might have written.) Mark the True/False answers in the appropriate column!! Put the letter answer to the Multiple
9 PART I Purpose of Cost Accounting 9 CH01_Bragg_36794 3/13/01 9:40 M Page 10 CH01_Bragg_36794 3/13/01 9:40 M Page 11 CHAPTER 1 Role of Cost Accounting When properly implemented, the cost accounting function can have a pervasive influence in the modern corporation. Unfortunately, it is not always properly implemented because management often is not completely aware of all the uses to which the cost accounting function can be put. This chapter describes the main categories