Accounting

1. Briefly discuss Credit Card Refund and Cancellation Schemes and suggest how companies can prevent it from happening.2. Briefly discuss two types of Fraud Risk Assessment Methods 

You are a Finance Manager for a major utility company. Respond to the following in a minimum of 175 words and citations: 3 different opinions Think about some of the capital budgeting techniques you might use for some upcoming projects. Discuss at least 2 capital budgeting techniques and how your company can benefit from the use of these tools. Compare your approaches to other students’ responses. How were they similar or different? Why might you use the different approaches shared by your classmates?

Research and summarize the findings of a significant accounting scandal that has taken place in the past 5 years. For more information on Accounting Scandal  read this:https://en.wikipedia.org/wiki/Accounting_scandals

Reflect on the assigned readings for Week 3 and then type a two-page paper regarding what you thought was the most important concept(s), method(s), the term(s), and/or any other thing that you felt was worthy of your understanding.  Define and describe what you thought was worthy of your understanding in half a page, and then explain why you felt it was important, how you will use it, and/or how important it is in project planning.  Problem Set #3Software project decision point. You need to determine an interest rate to use—select an interest rate and explain why you think this number should be used. Use it in your calculations in item 1.2. Given the information below on options 1 and 2, carry out three forms of analysis: breakeven, ROI, and NPV. Make a recommendation on which way to proceed, based on the TCO for each option. Option 1: Purchase the FunSoft package: Cost $200,000 for software and $85,000 for hardware in year one; with $50,000 to customize it and a $40,000 annual licensing fee for the life of the contract. There will be an annual saving of $61,000 due to the layoff of a clerk. Option 2: Purchase the SoftComm package, which will operate on the vendor’s hardware: Cost $250,000 for a five-year license, payable half upfront and half during the first year of implementation. The maintenance contract, at $75,000 a year, includes all currently identified modifications to the software for the first three years. The clerk’s hours will be cut by half, for a saving of $25,000 a year. In both cases, sales are expected to increase from the current $1 million a year, by 10% per year each year (over each year’s previous year’s sales) after full implementation. Assume a five-year life for the software.

In your essay, this week, find an article that in some way deals with Porter’s Generic Strategies of low cost versus differentiation and how the scope affects them.  Hint – you’ll read about this in Chapter 5.5 of your primary text.https://open.lib.umn.edu/principlesmanagement/chapter/5-7-developing-strategy-through-external-analysis/Essay PromptIn each week of the course, except week 5, you will submit a written assignment on current management and/or organizational issues. This write-to-learn assignment will expect the student to relate course concepts to real-world examples and to examine the relevance of management concepts and theories in management practice. The instructions for the assignment are as follows:1. Find an article (published after January 1, 2010) from any popular press (Harvard Business Review, Wall Street Journal, Business Week, Fortune, Forbes, Economist, and others) that addresses or relates to a concept or theory pertinent to this course, preferably a topic within the current week.2. Provide the article’s APA reference citation at the top of the essay.3. In the body of the essay, answer the following prompts: (a) Describe the scenario, situation, or issue in your own words (e.g., How do you hire and retain good employees?). (b) Identify the concept or theory in the article (e.g., see “War on Talent” in Principles of Management, ch. 16.4). (c) Describe how the concept or theory is utilized in this particular case. Submission Instructions The essay must (a) range between 300 and 400 words in length, (b) exhibit college-level writing, and (c) include appropriate references to the article and your textbook. (Both references should follow proper APA citation rules.) Students will upload each essay into MyFIRE as a Word document, using 12-point Times New Roman font. Evaluation of the topical essays will be based on the rubric in the Course Information folder.

“Blast it!” said David Wilson, president of Teledex Company. “We’ve just lost the bid on the Koopers job by $2,000. It seems we’re either too high to get the job or too low to make any money on half the jobs we bid.” Teledex Company manufactures products to customers’ specifications and uses a job-order costing system. The company uses a plantwide predetermined overhead rate based on direct labour cost to apply its manufacturing overhead (assumed to be all fixed) to jobs. The following estimates were made at the beginning of the year:   Department     Fabricating Machining Assembly Total Plant Manufacturing overhead $350,000 $400,000 $90,000 $ 840,000 Direct labour $200,000 $ 100,000 $300,000 $600,000 Jobs require varying amounts of work in the three departments. The Koopers job, for example, would have required manufacturing costs in the three departments as follows:   Department     Fabricating Machining Assembly Total Plant Direct materials $ 3,000 $200 $1,400 $4,600 Direct labour $2,800 $500 $6,200 $9,500 Manufacturing overhead? Required: Using the company’s plantwide approach: Compute the plantwide predetermined rate for the current year. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. Suppose that instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined overhead rates based on direct labour cost. Under these conditions: Compute the predetermined overhead rate for each department for the current year. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. Explain the difference between the manufacturing overhead that would have been applied to the Koopers job using the plantwide approach in question 1 (b) and using the departmental approach in question 2 (b). Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labour, and applied overhead). What was the company’s bid price on the Koopers job using a plantwide predetermined overhead rate? What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost?

Obtain Apple’s most recent annual report on Form 10-K. The Form 10-K is a company’s annually required filing with the Securities and Exchange Commission (SEC). It includes the company’s financial statements and accompanying notes. The Form 10-K can be obtained either (A) from the investor relations section of the company’s Web site or (B) by using the company search feature of the SEC’s EDGAR database service found at www.sec.gov/edgar/searchedgar/companysearch.html.Based on the information in the company’s most recent annual report, answer the following questions In what industry does the company operate? How many years of information are reported on the company’s income statement? How much net income does the company report on its income statement for each year present? How much revenue does the company report on its income statement for each year presented? Within the notes to the financial statements, find the note on significant accounting policies. Based on the information in this note, when does the company recognize revenue? Based solely on the company’s net income, has the company’s performance improved, remained constant, or deteriorated over the periods presented? Briefly explain your answer.

Select one U.S. publicly traded company and review its most recent annual report. (You may use one of the three companies you selected for your Stock Journal assignment.)Use the Excel template provided to report assets, liabilities, equity, revenue, and income for your selected company. Determine changes in assets, liabilities, and equity. Determine changes in total revenue and net income. Describe the changes from the current and prior years in each of these key areas and whether the changes would be positive or negative from an investor/stockholder’s view. Use at least two quality references. Consider using the sources of information ideas above or searching and locating resources from the Strayer University Library. Note: Wikipedia and other Websites do not qualify as academic resources. the journal included week 3 to refer back to Record the current price of the stock for Pfizer Inc, China Mobile, and Chevron Corporation,  You may use any price during this week (e.g., day one price, the opening, the low, the high, the close, or any price you find when you check it during the day). Determine the current value of your total investment Do not make any changes to your investment at this time. Calculate your total based on the number of shares and the new price per share, for each company. Evaluate the results of your current investment to provide your opinion/assessment of your investments. Consider the following questions as you provide your opinion: Why do you believe the stock increased, decreased, or remained static? Are you upset because your investment is worth less than $25,000?Are you happy with the result and the trend? Use at least two quality references. Consider using the sources of information ideas above or searching and locating resources from the Strayer University Library. Note: Wikipedia and other Websites do not qualify as academic resources.

Please post what you view as the appropriate responses to the above prompts. Your initial post should be 250-300 words. Please provide a response with a clear, well-formulated thesis; sentence structure, grammar, punctuation, and spelling count. Support ALL?posts with appropriate rationale and citations from readings; document sources using APA format.Q1: Simon just received a 30-Day letter from the IRS indicating a proposed assessment. Does he have to pay the additional tax? What are his options?  Q2: What is the difference between primary and secondary authorities? Explain the role of each authority type in conducting tax research. Note: i want you to get information from this website or book with cited please https://playerui.mheducation.com/#/epub/sn_0d37c#epubcfi(%2F6%2F72%5Bdata-uuid-202155d72fbc4ecdb9683fc50f219082%5D!%2F4%2F2%5Bdata-uuid-d20765d0a8b04f59a3317b9c871dcfdb%5D%2F18%5Bdata-uuid-e870cee93ecc4296a65b7f66e064a70a%5D%2F8%5Bdata-uuid-65741d24f60b4acb8684a629c54c5d54%5D) Also you can use other sources with that

The purpose of this assignment is to complete the FASB Codification Assignment. Complete Items 1-4. Item 1Access the glossary (Master Glossary) to answer the following what is a change in accounting estimate? How is a change in accounting principle distinguished from a “change in accounting estimate effected by a change in accounting principle?”Item 2What guidance does the codification provide concerning the format of accounting disclosures? Item 3In light of the full disclosure principle, investors and creditors need to know the balances for assets, liabilities, and equity as well as the accounting policies adopted by management to measure the items reported in the balance sheet.nstructions: Go to http://aaahq.org/asclogin.cfm to log in and prepare responses to the following. Provide codification references for your responses. Identify the literature that addresses the disclosure of accounting policies. How are accounting policies defined in the literature? What are the three scenarios that would result in a detailed disclosure of the accounting methods used? Item 4Your client is in the planning phase for a major plant expansion, which will involve the construction of a new warehouse. The assistant controller does not believe that interest costs can be included in the cost of the warehouse because it is a financing expense. Others on the planning team believe that some interest costs can be included in the cost of the warehouse, but no one could identify the specific authoritative guidance for this issue. Your supervisor asks you to research this issue. Instructions: Go to http://aaahq.org/asclogin.cfm to log in and prepare responses to the following. Provide codification references for your responses. Is it permissible to capitalize on interest in the cost of assets? Provide authoritative support for your answer. Discuss which assets qualify for interest capitalization. Is there a limit to the amount of interest that may be capitalized in a period? If interest capitalization is allowed, what disclosures are required? General RequirementsAPA style is not required, but solid academic writing?is expected. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance. Items 1-4 provided with permission for use in ACC-616 from Keiso, D. E., Weygandt, J. J., & Warfield, T. D. (2016). Intermediate accounting (16th ed.). Danvers, MA: John Wiley & Sons, Inc.(Also, I have attached what I have done. It is not complete, but it is a starting point)Notes from the Professor: Description Hello: I received a really great question on how best to approach the FASB Codification Assignment. This is what I provided–I hope this helps in developing your skills from ‘copy and paste’ to articulating in essay format our responses. Remember, we are not ‘just answering questions’…you demonstrated that skill as undergraduates. Now, we take the readings and synthesize what was written, paraphrase it in our own words, and properly cite our sources. What I would do, is first, you can have a header for each of the questions/topics. For example, I would have a header called: Item 1: Accounting Estimates and Accounting Changes. I would then have a paragraph that covers what a change in accounting estimate is, in your own words with an example (Cite your source though in the paragraph). I would then have another paragraph describing the differences between an accounting change and an accounting estimate (again, with example and citation). So, you can write a minimum of 2 paragraphs as if you are writing an essay response to these concepts. The key is can you articulate, through synthesis and paraphrasing the concepts and can you provide examples that demonstrate how the concept may be applied in practice. When we are covering information on guidance, it is more than just providing the link. Again, provide an essay response as to what concerns are addressed regarding accounting disclosures and provide examples.