This paper is about elaborating a topic which FASB is currently revising. The topic I choose from FASB website is Joint Ventrue Formation. Since at present, GAAP does not contain rules about the initial recognition and measurement of contributions made by venturers to a joint venture at formation. This has created accounting differences among entities,… Continue reading This has created accounting differences among entities, confusing those who have to use the financial reporting information to make investment decisions.
The assignment is for Accounting 620A (Financial Report) class. All the requirements are written in the attached files. It’s basically analzying 5 steps of revenue recognition standards. Steps 1 through 4 is done(I included in the attached file) and you can just look at it and see if it’s correct and you will work on… Continue reading You need to discuss how (at one time or over a period of time)
and when revenue is recognized for each performance obligation.
The purpose of this research project is for you to create a scholarly piece of graduate-level research and writing, which conforms to current APA format. Competency in the current APA format is required of all Business graduates of Liberty University, as set forth by policy of both the Graduate Faculty and the administration. You will… Continue reading Your research paper will be a comprehensive thematic review of the scholarly literature related to your topic.
Goal and Purpose The full Accounting Cycle (AC) includes a total of ten steps which is discussed and illustrated among three chapters. Step 6 of the AC is to record and post adjusting journal entries (AJE) (Similar to Step 1 and 2 but combined in 1 step) and is one of the major topic discussed… Continue reading The paragraph should contain at least 75 words.
Use the Income Statement Questions Word document as you complete the Excel Income StatementDownload Excel Income Statement by entering the supplied values from the Word document for March and April. Once you have completed the entries on the Income Statement, use the totals to answer questions on the Income Statement Questions Word document
120 WORD COUNT Accrual, Amortization, Deferral, and Depreciation leads to Adjustments and Decisions. This chapter covers five essential topics which affect the financial statements and the overall financial results of an organization. We will explore these items and the impact they have on the organization over the next two weeks. The Full Disclosure Principle is… Continue reading However, it is pertinent to the topic of adjustments as we discuss the decision making of managers and how this information affects the financial statements.
Please carefully read the powerpoint and also research and provide a citation Answer the questions below carefully and in detail In comparing the accounts of a merchandising company with those of a service company, what additional accounts would the merchandising company likely use, assuming it employs a perpetual inventory system. Along with listing these additional… Continue reading Along with listing these additional accounts, define these accounts, include their accounting categories (asset, liability, expense, contra…), normal balances and any other information to help other students with the understanding of these accounts.
In this assignment enter calculations into the provided budget excel document; we have completed entries for January – June. After entering the assigned calculations, answer the questions regarding the budgeted scenario.
Scenario Estate Taxes You are an entry-level CPA at Ernst & Old LLP, and you impressed your managers a couple weeks ago on the Jan, Franklin, and Terry project. They are now testing your knowledge of S corporations and a little bit of gift and estate tax planning. The McNally family owns McNally Motors (an… Continue reading What are the consequences to floyd mcnally if he sells his shares to floyd ii in a bargain sale (say 75% of the fmv)?
this is the website for the FASB Accounting Standards Codification https://asc.fasb.org/Login you click in the basic view