Financial account Milestone 1-4

Hello! I have to fill in this comparison table between three types of enterprises. I filled in the parts of LLC an JSC, and I need to fill in the individual entrepreneur characteristics. please let me know if there are any mistakes in the parts I filled in. Thanks a lot!

Subject - account  Please help me.  Thankyou.  The Dodd-Frank Act (2010) includes a variety of new regulations, including the creation of: Multiple Choice O O The Financial Services Industry Control Commission. The Consumer Financial Protection Bureau. The Cost Accounting Standards Board. The Executive Compensation Review Board. 2

14 Which of the following is an example of a direct engagement?  Group of answer choices  a. Omega Company hired Manjean to express an opinion on the financial statements of Omega Company which was prepared by another firm on behalf of Omega Company.  b. Butters, CPA was hired to issue an assurance report on sustainability practices of Blacklist Corporation. Butters will evaluate the sustainability practices of Blacklist Corporation and issue a report on it.  c. Mara was engaged to issue an opinion on the financial statements prepared by Onic Corporation.  d. Chantelle is engaged to provide assurance on the total proven reserves of an oil company. The company measures its reserves and prepares a report available to intended users.

You are the senior accountant for Terrier Company and the Board of Directors is discussing the possibility of implementing a retirement plan for the employees of the company.  They have asked for your guidance on whether they should move forward with creating a plan for retirement benefits, and if so, what type of plan would be beneficial to the employees while also creating the least amount of risk for the company (from an accounting and economic standpoint).  Prepare a memo to the Board addressing the 3 choices they have: 1) Do not implement a plan 2) Implement a defined contribution plan 3) Implement a defined benefit plan.   In your memo you should define each type of plan (DC vs. DB) and describe the pro’s and con’s of each of the 3 choices. Pro/con arguments should be focused on both the impact to the financial statements AND the impact to the employees of the organization (and how that could ultimately hurt or benefit the business).  You should use at least 3 outside sources to…

You are the senior accountant for Terrier Company and the Board of Directors is discussing the possibility of implementing a retirement plan for the employees of the company. They have asked for your guidance on whether they should move forward with creating a plan for retirement benefits, and if so, what type of plan would be beneficial to the employees while also creating the least amount of risk for the company (from an accounting and economic standpoint). Prepare a memo to the Board addressing the 3 choices they have: 1) Do not implement a plan 2) Implement a defined contribution plan 3) Implement a defined benefit plan. In your memo you should define each type of plan (DC vs. DB) and describe the pro's and con's of each of the 3 choices. Pro/con arguments should be focused on both the impact to the financial statements AND the impact to the employees of the organization (and how that could ultimately hurt or benefit the business). You should use at least 3 outside sources to…

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Critiquing a Report; Preparing a Performance Budget Exchange Corp. is a company that acts as a facilitator in tax-favored real estate swaps: Such swaps, know as 1031 exchanges, permit participants to avoid some or all of the capital gains taxes that would otherwise be due. The bookkeeper for the company has been asked to prepare a report for the company to help its owner/manager analyze performance. The first such report appears below: Note that the revenues and costs in the above report are unit revenues and costs. For example, the average office expense is $135 per exchange completed on the planning budget; whereas, the average actual office expanse is $112 per exchange completed. Legal and search fees is a variable cost; In the planning budget, the fixed component of office expenses was $5,200. All of the company’s revenues come from fees collected when an exchange is completed. Required: 1. Evaluate the report prepared by the bookkeeper 2. Using Exhibit 9–8 as your guide, prepare a…

Which one of the following statements is TRUE? O a. An example of an agency relationship is when a supervisor hires a forklift operator. b. An example of an agency cost is when the board of directors pays a dividend to shareholders. • c. An example of an agency relationship is when a private individual hires a lawyer to prepare her defense d. An agency cost is the wage required to pay someone who is hired to perform a service. e. The supervisor-emplovee relation between a production line supervisor and a production line operator is

Imagine that you are a manager in a large entity and need to make a recommendation to the CEO on which tender to accept. The job being put out to tender by the entity is worth millions of dollars, and you have a significant ownership share in one of the companies tendering. Outline the ethical issues to be considered

Goodwill Industries Accounting in a Nonprofit Organization Please answer the following questions: 1. What are some similarities between accounting performed at Goodwill and for-profit companies? 2. What are some differences between accounting performed at Goodwill and for-profit companies? 3. How can Goodwill use ratio analysis to improve its operations?