Create a scenario in which at least two types of postretirement health care and life insurance benefits change. Predict the potential impact of these changes on financial accounting and reporting practices.
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Create a scenario in which at least two types of postretirement health care and life insurance benefits change. Predict the potential impact of these changes on
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- The term "subprime or nonprime" refers to which of the following credit risk characteristics of individual borrowers? AO Low loan-to-value ratios Low debt-to-Income ratios 898 High credit scores High levels of past loan delinquencies 00 €What is the main reason lenders pay borrowers' property taxes through a pre-paid escrow account? It prevents a tax lien from being applied to the home. The tax lien would be senior to the mortgage lien. It prevents the borrower from refinancing with another lender because they would lose all of their escrow funds. It allows the lender to earn interest on the pre- paid tax money as itsits in the account. It allows the lender to take advantage of corporate tax deductions.Refer to Wiley GAAP 2020: Interpretation and Application of Generally Accepted Accounting Principles, pages 2-25. Answer and discuss the following: When drafting financial statements, provide what the term "materiality" means and its importance. Include an understanding of the changes to "materiality" made in 2018 by the Financial Accounting Standards Board that makes the term consistent with the United States Supreme Court interpretation.
- The insurance policy of insurance companies has changed recently. What is the major change?Assume you are the chief executive officer (CEO) of a large technology-intensive hospital in a community of 200,000 people that includes two other smaller community hospitals and a wide range of physicians and other providers working in private practice. Currently, you are paid by Medicare—the federal insurance program for the elderly—for a fixed amount for every admission to your hospital and based on the severity of the patient’s needs. Physicians and other providers in your community are paid fee-for-service. The federal government has just made an offer to your community that it form an accountable care organization (ACO) that could accept a capitated annual payment for each person eligible for Medicare. How would you go about deciding whether to accept that offer? Would you want to lead that ACO or just be a part of it? Why? Would you argue against accepting the federal offer? Why or why not? How might you change the way care currently is organized in your community, given the…A business has a limited number of items upon which one can perform a financial analysis. true or false?
- What are accounting symptoms of Fraud? What are analytical symptoms of Fraud?Pass Through securities help financial institutions alleviate (lessen, mitigate) risk from their balance sheets. True FalseUnderstanding and properly utilizing debt is not only a key to success in business, it is a key to success in life. Debt, also referred to as leverage, can be both a valuable tool and a recipe for disaster. Describe scenarios with both a proper use of debt and an inproper use of debt. Please be specific as well as realistic. Don’t describe a scenario that wouldn’t be possible in today’s environment (in other words, the days of no doc mortgages where you are given a loan without revealing your income or other personal information are over).