Accounting

Research the importance of the timing of the recognition of revenue using at least  six sources, at least  two of which should be peer-reviewed articles and at least  two of which should be reports from the following accounting resources: ?  Accounting Principle Board Opinions ?  Technical Bulletins ?  Position Statements of Financial Accounting ?  Accounting Research Bulletins ?  Emerging Issues Task Force (EITF) minutes ?  American Institute of CPAs: AICPA.org ?  Financial Accounting Standards Board: FASB.org ?  International Financial Reporting Standards: IFRS.org ?  International Accounting Standards Board: ISAB.org ?  Securities and Exchange Commission: SEC.org ?  KPMG International: KPMG.com ?  PwC: PWC.com  Provide a reference list in APA format for all the sources you used in part A and any other references you used in the task, including at least six sources, at least  two of which are peer-reviewed articles and at least  two of which are reports from the given accounting resources.

Please choose a question below. You only need to select one question from the list below: 1. How do businesses make money? What strategies can they use to gain a competitive advantage? 2. Differentiate between the cash and accrual bases of accounting. 3. When are sales recognized under the cash basis of accounting? When are expenses recognized? Explain.

In Shavertown, Pennsylvania, the owner of Wilkes-Barre Bookkeeping LLC was indicted for embezzling over $375,000 of his clients’ payroll tax remittance between 2010 and 2016 and for lying to clients about his actions. Additionally, he embezzled nearly $70,000 from a nonprofit for which he was the treasurer. He was sentenced to 38 months in prison and ordered to pay restitution totaling nearly $500,000. Do you think this was a fair sentence? Why or why not? include payroll laws and regulation to support

What is Managerial Accounting? Explain the three vital activities of managerial accounting (i.e.,planning, controlling, and decision making). Research and discuss the following topics of managerial accounting: ethics, strategic management, enterprise risk management, corporate social responsibility, and leadership. Finally, summarize the Sarbanes-Oxley Act of 2002 and what its impact has been on managerial accounting. Provide a discussion of all potential scenarios and the relevance to the accounting profession. Cost Classifications. Explain the five purposes of cost classifications and explain in detail, with examples, the cost classifications within each. Make sure to include direct and indirect costs, manufacturing and non-manufacturing costs, product and period costs, variable, fixed and mixed costs, and differential, sunk and  opportunity costs. Provide a discussion of all potential scenarios and the relevance to the accounting profession. Job-Order Costing vs. Process Costing. Provide an explanation of job-order costing and process costing, including their similarities and differences. When would one be used over the other? Make sure to include detailed examples. Discuss unit costs and costs per equivalent units. How are the cost of goods manufactured and cost of goods sold calculated and presented? Provide a discussion of all potential scenarios and the relevance to the accounting profession. Budgeting. What is a budget and what are its benefits? Explain what the master budget is and discuss the various budgets that comprise the master budget. Explain flexible budgets and budget variances. Explain capital budgeting and the various methods used to evaluate projects and expenditures, including payback method, net present value method, and internal rate of return method. Provide a discussion of all potential scenarios and the relevance to the accounting profession. Differential Analysis.  Explain differential analysis and how relevant costs are used. Thoroughly explain the various differential and incremental analysis scenarios (e.g., adding or dropping a product line or segment, make or buy, special orders, and utilization of a constrained resource). Provide a discussion of all potential scenarios and the relevance to the accounting profession.

1. Identifying the correct sequence of accounting process  A. Communicating -> Recording -> Identifying B. Recording -> Communicating -> Identifying C. Identifying -> Communicating -> Recording D. Identifying -> Recording -> Communicatin 2. Bookkeeping mainly consists of which part of accounting process A. Analysing B. Preparing financial statements C. Recording financial information D. Auditing the books of accounts 3. Auditing refers to  A. Reporting the financial information B. Examination of financial information C. Preparation of financial statements D. Maintaining the ledger accounts 4. Which of the following is the external user of financial statements? A. Manager of the business B. CEO of the business C. Creditor of the business D. Controller of the business 5. Which of the following is the internal user of financial statements? A. Creditor of the business B. Government agency C. Shareholder of the business D. Manager of the business 6. ———is the final phase of accounting cycle  A. Identifying an economic event or transaction B. Preparing Journal C. Posting entries to Ledger accounts D. Making decisions about business 7.———-is a separate legal entity whose total capital can be divided into many shares  A. Partnership B. Sole Proprietorship C. Company D. Non-profit organization 8. An asset possess which of the following? A. Future economic benefits for the business B. All kinds of benefits for the business C. Expenses for the business D. Merits & Demerits for the business 9. Liabilities are which of the following? A. Resources B. ObligationsC. Future benefits D. Expenses 10.——–Is the gross inflow of economic benefits  A. Assets B. Liabilities C. Income D. Expenses

In your first discussion, you will consider the professional relevance of managerial accounting. In your initial post, briefly research career opportunities that require knowledge or experience with managerial accounting. List at least two potential positions (including a link to the job posting or job description) that you personally found to be interesting or surprising, and explain why they were noteworthy to you. In your responses to your peers, compare and contrast the career opportunities they found with your own selections. What trends can you see in the career potential for a person with a background in managerial accounting? Consider aspects such as salary and location, as well as the diversity of industries and companies mentioned. Is it fair to say that managerial accounting can open more doors than you had previously considered? Why or why not? For your initial post, do the following: ?  Write a post of 1 to 2 paragraphs. Consider content from other parts of the course where appropriate. Use proper citation methods for your discipline when referencing scholarly or popular sources.

Vania Magazines started construction of a warehouse building for its own use at an estimated cost of $5,000,000 on January 1, 2019, and completed the building on December 31, 2019. During the construction period, Vania has the following debt obligations outstanding. Construction loan—12% interest, payable semiannually, issued December 31, 2018 $2,000,000 Short-term loan—10% interest, payable monthly, and principal payable at maturity, on May 30, 2020 1,400,000 Long-term loan—11% interest, payable on January 1 of each year; principal payable on January 1, 2022 1,000,000 Total cost amounted to $5,200,000, and the weighted average of accumulated expenditures was $3,500,000. Jane Esplanade, the president of the company, has been shown the costs associated with this construction project and capitalized on the balance sheet. She is bothered by the “avoidable interest” included in the cost. She argues that, first, all the interest is unavoidable—no one lends money without expecting to be compensated for it. Second, why can’t the company use all the interest on all the loans when computing this avoidable interest? Finally, why can’t her company capitalize all the annual interest that accrued over the period of construction? You are the manager of accounting for the company. In a memo, explain what avoidable interest is, how you computed it (being especially careful to explain why you used the interest rates that you did), and why the company cannot capitalize all its interest for the year. Attach a schedule supporting any computations that you use.

you have to do the budget assignment assignment the gave the numbers which you have to use. you just have to do calculations by formula in excel I already uploaded the assignment instructions and my assignment numbers which you have to use and I attached the file of other student how she did it . once you finish you have to write a memo of 250 words on that paper. you will see in instructions.

Instructions Review and reflect on the major topics in this course that address the various aspects of the accounting industry: 1. Tax Compliance 2. Tax Planning Strategies 3. Gross Income and Exclusions 4. Individual AGI Deductions 5. Individual Tax Computations and Tax Credits Write a research paper based upon an individual taxation topic or current issue that is of personal interest to you. It can be from the list above or can be from a different aspect of individual taxation that was discussed or researched in the course. Thoroughly research your topic to make judgments, explain processes, and provide recommendations or propose solutions for the issue. Explain the role of the IRS within your topic or issue; be sure to address the various standards and rules individuals must comply with. Then, determine why this particular topic is of interest to you and why other individuals should also share this same concern. Your submission should incorporate interactions with tax professionals. This could involve contacting the local IRS chapter in your area or engaging professional accounting organizations via social media. Be creative as you conduct your research. Support your paper with a minimum of five external resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Length: 10-12 pages, not including title and reference pages This assignment must demonstrate the following: —– An introduction along with subtitles to address the topics at hand. Including the conclusion at the end to sum up the topics discussed and its importance. —– Reviewed and reflected on the major topics in this course that address the various aspects of individual taxation to select a specific topic or current issue for the final research paper. —– Made judgments, explained processes, and provided recommendations or proposed solutions. Explained the role of the IRS. —– Addressed standards and rules that individuals must comply with. —– Assessed why this particular topic is of interest and why others should also share the same concern. —– Check for any grammar or punctuation error while making sure the sentence flow in a unified matter.

This is an appeal letter for a denied funds I’m trying to receive from my retirement. They are denying me my 410K funds although the CARES out is in forced due to COVID-19 that no one should be penalized or stopped from pulling save funds of retirement. Please provide a letter appealing this decision. Please leave a blank space for organization/job name, my name and any other important information that must be included in an appeal letter for retirement money.