In: Accounting
Pretend that you are at a cocktail party talking to the CEO of a small company who has a minimal understanding of accounting. She learns that you are a CPA, buys you a beverage (adult-type if that is your preference), and engages you in conversation. She explains that her company is acting as the general contractor for the construction of its own manufacturing plant. She's been advised that the company must "capitalize interest" in connection with the project. She has no idea what that means. She's concerned that this will cost her company money. Explain the concept, the reasoning behind it, and potential advantages to the company from this entirely appropriate accounting. Remember, she is a knowledgeable business person, but not as well versed in accounting as she would like to be. Your explanation should be careful not to assume that she understands much accounting jargon.
Confidential note: She's seeking out every CPA she can find. The one who provides the best answer will be her new accountant!! If you want the business, (and the full 10 points), you might want to subtly and professionally "supplement" the responses of your competition. However, don't be a jerk...nobody likes a jerk :)
It's ok to have a little fun here, just make sure to be respectful of your classmates! Your score will be based upon the substance of your response, but if I'm entertained a little, I don't see how that could hurt.
In: Accounting
explain how the study of a course in communication benefits students at the university as they prepare for their professional lives
In: Finance
What is the current Market Description Federation University that forms the positioning strategy and Marketing Plan?
In: Finance
Summaries key point relevant to university of melbourne's staff dispute resoultion policy and procedures
In: Operations Management
Explain the businesses allocates its costs when preparing job costing. University standard.
In: Accounting
what are the project priorities of a university
construction project??
very URGENT please answer asap
In: Operations Management
Apply DMAIC model to improve the the following at any university:
a. Admission
b. Course registration
In: Operations Management
Do you think ERP solutions are suitable for SIS University, and
if so, how, or if not, why?
In: Computer Science
Fork Company is a rapidly growing start-up business. The bookkeeper, who was hired ten months ago, left Hong Kong after the company's manager discovered that a large sum of money had disappeared over the past two months. An audit discovered that the bookkeeper had written and signed several checks made payable to his girlfriend and then recorded the checks as salaries expense. The girlfriend, who cashed the checks had never worked for the company, left Hong Kong with the bookkeeper. As a result, the company incurred an uninsured loss of $110,000.
Discuss which principles of internal control appear to have been ignored for the For Company.
In: Accounting