this week’s objectives and the following concepts comparing the GAAP to the IFRS Discuss last week’s and this week’s objectives and the following concepts comparing the GAAP to the IFRS. How do they relate to the practice of accounting and its uses in business? IFRS 2-1: In what ways does the format of a statement of … Read more
Interest Cost during Construction and Various Accounting Topics Interest Cost during Construction and Various Accounting Topics In short paragraphs, You are the construction accountant for an organization, and management is unsure of the manner in which it should record interest cost during the construction of a new building that will take five (5) years to … Read more
Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting Individual Exercise 2 Resource: Ch. 4 of Financial Accounting Complete Exercise BE4-1. Complete Problems 4-2A & 4-3A. Answer the following: · Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting over the cash basis. ·……………..Answer Preview…………… … Read more
How is the disposition of a long-term asset like land or equipment or a building recorded in the General Journal How is the disposition of a long-term asset like land or equipment or a building recorded in the General Journal? What is the function of these entries (meaning, what do the accounts that are affected … Read more
Management accounting questions determine two (2) ways in which managers can use accounting information to help control the daily operations of their companies. Provide two (2) examples to support your position Analyze your current or past organization to determine whether it is a centralized or decentralized structure. Support your conclusion with examples that demonstrate the … Read more
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