ACC 425 3-2 Final Project - Prepare Informational Questions.

Answer multi choice question in photo please

how can I solve for number d?

Please send to my email add: Mhardzpurple@yahoo.com Name Date Email Add: CHAPTER 1 TEN-MINUTE QUIZ Circle the letter of the best response. 1. The primary objective of financial reporting is to provide information A. In an ethical manner. B. To the professional accounting associations. C. To people outside the company for making decisions. D. Useful to managers in making daily decisions. It is vital that company accountants and their auditors behave in a(n) A. professional 2. manner. B. ethical C. prudent D. elitist 3. Which of the following statements is false? A. The proprietorship form of business organization protects the personal assets of the owners from creditors of the business. B. A proprietorship has a single owner. C. Accounting is the information system that measures business activities, processes that information into reports, and communicates the results to decision makers. D. The Accounting Standards Board sets the rules for how accounting is practised in Canada. 4. Level…

Description and Instructions   Suppose you are a part of a group of students from a prominent university and were sent out as a team to work with a leading merchandizing company as a part of a work experience program. The team having been introduced to the general manger was told that the Accountant who normally prepares the financial statements has suddenly resigned and there is no one available to prepare the company’s financial statements which are now due. As aspiring university students, you and your group members have expressed an interest in taking on the task. As a group, you are required to collaborate and analyse the problem at hand then apply the accrual basis of accounting in the preparation of the company’s financial statements.  The problem to be resolved: The following trial balance was extracted from the books of Scholes Farm Ltd December 31, the end of the company’s financial year. The company is owned by Paul Scholes and is in the business of buying and farming…

Ababout introduction or overview,tell me which is correct option and with reason why ? tell me which are  incorrect option and with reason why ?

The ethical reflection assignment required you to watch three videos about Barry Minkow. Which of the following is false with respect to Barry Minkow? Multiple Choice He is currently the CFO of Lennar Homebuilders After his first release from prison he started the Fraud Discovery Institute and worked with the FBI He eventually became an evangelical minister, but went back to prison again after embezzling money He was convicted at age 22 for the ZZZZ Best Fraud

Assignment Description and Instructions   Suppose you are a part of a group of students from a prominent university and were sent out as a team to work with a leading merchandizing company as a part of a work experience program. The team having been introduced to the general manger was told that the Accountant who normally prepares the financial statements has suddenly resigned and there is no one available to prepare the company’s financial statements which are now due. As aspiring university students, you and your group members have expressed an interest in taking on the task. As a group, you are required to collaborate and analyse the problem at hand then apply the accrual basis of accounting in the preparation of the company’s financial statements.  The problem to be resolved: The following trial balance was extracted from the books of Scholes Farm Ltd December 31, the end of the company’s financial year. The company is owned by Paul Scholes and is in the business of buying and…

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

What is NOT an example of rationalization as one of the three elements causing a person to commit fraud? CA The company will never miss it CB. Employer pressure to report fictitious accounting results c. This replaces my bonus that was suspended this year CD. I will repay the "loan" before anyone misses it

Auditing  Question 3 Your audit firm has an advertising policy that any audit process will not take more than 20 days for any client. You start reviewing the audit files of your client ALB plc which you audit for eight years and you find the following notes. • The audit team included a manager who owns 1% of the ALB’s shares. The executive partner believes that the 1% is too small and it will not affect the manager experience. • Your firm offered this client a bookkeeping service for this year. • One of the audit team received a high salary offer to be appointed in the client’s internal audit department as a head of department. • The finance director was recently working as an auditor in your audit firm. • ALB plc intends to increase its capital by issuing more shares in the stock market and the financial manager is asking your firm to manage this process. Required: Identify and explain FIVE ethical threats which arise from the above actions and for each ethical threat explain the…

FOR THIS QUESTION IN THE ETHICAL THREAT BOX COULD YOU WRITE DOWN WHAT THREAT IT IS FOR EXAMPLE, SELF INTEREST THREAT, FAMILARITY THREAT, MANAGMENT THREAT, ETC.    PART B - QUESTION KLB plc is one of your audit clients for the previous 8 years. The following information are available. The audit team included a manager and two juniors. The client was asking to finish the audit work early this year otherwise they are going to change the auditor next year. One-week bonus was paid to the audit team through their payroll as the client was happy that they finished auditing 5 days earlier than the planned audit time. The audit team got 10% discounts on the client’s products. The same discount is normally given to the client’s staff. Your firm offered this client a bookkeeping service for this year. To reduce the audit cost, the engagement letter was not updated this year as there is no big changes in the audit tasks from last year. Audit fees are based on a percentage of the net profit before…

Chapter 15 Discussion, 1. Research for entry In section 4 of this chapter we looked at “Why Accounting Information is so Important". One of the topics in that section was “Accounting Fraud". Famous Accounting Scandals The following firms have been convicted or accused of accounting fraud: Enron, Lehman Brothers, Fannie Mae & Freddie Mac, and AIG, to name just a few. Using an internet search engine, find information on a recent accounting scandal. • Title of your entry should include the name of the company, and the date or timeframe of the scandal, the more recent the better. Consider some of the following to guide your entry: • Summarize what this firm does, and how/why they got into trouble. • what type of questionable accounting practice occurred in this firm • what were the consequences for this firm and the executives involved in the scandal • how were the public/investors/economy affected by this firms dishonesty • Document cited works and all references, links are ассеptable.

Case 1: Fraud examination Karen, a friend of yours, recently started her own busi- ness, The Bike and Boulder Company (B&B). B&B specializes in the sales of mountain bikes and rock- climbing equipment. Karen is putting the finishing touches on her company policies and procedures. She knows you are taking a fraud class and asks you to review what she has completed thus far. You quickly notice that Karen has neglected to address fraud and fraud prevention in her policies and proce- dures. What policies and procedures would you suggest Karen implement to prevent and detect fraud at B&B?