ADM 335 ACCOUNTING II: MANAGERIAL ACCOUNTING COURSE DESCRIPTION Managerial accounting involves the use of economic and financial information to plan and control many of the activities of the business entity and to support the management decision-making process. The main objective of this course is to explore the relevant issues of cost accounting. Hence, this course examines the acquisition, analysis, and reporting of accounting information from the perspective of effective management decision
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Does the accounting profession deserve its reputation? Why or why not? At the time Stephen Zeff wrote this article, the accounting profession deserved it reputation it had developed. From it humble begins in the early 19th century, to 2003 when this article was published, the accounting profession’s reputation became tarnished. At the time the Securities Act of 1933 and the Securities Exchange Act of 1934 were passed the intent was to create accounting standards for publicly traded companies. However
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accelerate accounting of expected expenses, delay accounting of expected revenue, engage in off balance sheet transactions to make the company's profitability appear temporarily poorer, or simply promote and report severely conservative estimates of future earnings. And this phenomenon of accounting scandal exist in contemporary society. The integrity of the accounting profession and the credibility of financial information provided by businesses have been undermined by scandals. Accounting and business
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Dear Sir/Madam, My name is Jerry zi. I am writing to express my great interest in the Tax Professional at H&R Block. I have received my Bachelor’s degree with a dual major in Accounting and Finance this May from The University of Iowa. Currently, I am furthering my graduate study in accounting in Boston College. I am a fresher. What I have is a zeal to learn from new things and take challenges. I am the person that wants to make my best once I start. The analyst can deeply experience learning
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the total business environment. You can learn more about the NIA in our corporate profile. The NIA is a progressive, responsive accounting body committed to integrity professionalism and professional development. It represents more than 22,000 members and students working in industry, commerce, government, academia and private practice. CPA: A CPA is a finance, accounting and business professional with a specific qualification. The CPA designation is a mark of high professional competence. It indicates
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1. Justify how the reporting requirements of the PCAOB reduce the chance of financial fraud. Basically, the goal of the Public Company Accounting Oversight Board is to improve quality of audited financial statements, reduce the risk of auditing failures, and increase public trust in financial reporting processes and of the auditing profession. In order for this to happen PCAOB must refocus and remind auditors of the standards required of them regarding fraud and for them to be diligent about their
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AICPA Code of Professional Conduct Rebecca Moore ETH/376 August 18, 2014 Shanaika Muldrow The AICPA is a community of accounting professionals numbering at more than 350,000 from all over the world. The AICPA is a code of conduct that is formed on the bases of six principles. These principles are “responsibilities, the public interest, integrity, objectivity and independence, due care, and scope and nature services” (Mintz & Morris, 2011). Each of these principles are used as a guide
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originally founded in 1887. The AICPA founded accounting as profession, which is distinguished by high professional standards, strict educational requirements, a detailed code of professional standards, and a commitment to serving the public interest. In the early years of the organization rules and regulations were drafted. During the 1970s the responsibility of setting generally accepted accounting principles (GAAP) was transferred to the Financial Accounting Standards Board (FASB). The AICPA provides
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Legal Forms of Business Sole proprietorship The sole proprietorship is the oldest, most common, and simplest form of the business. Also known as a sole trader, is a type of business form that is owned and manage by one person and in which there is no legal difference between the owner and the business. The owner receives all profits and has full responsibility for all losses and debts. The proprietor owns every asset of the business and all the business liabilities are the proprietor’s. A sole
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According to Ethical Obligations and Decision Making in Accounting, The America Institute of CPAs (AICPA) is an association made of up volunteer CPAs. Their main objective to ensure that CPAs continue to conduct their business in an ethical manner. The values described in the Code of Professional Conduct are based on common principles and virtues and designed to guide CPAs in a positive light and maintain professionalism with the public in the accounting world. The Principles described are: Responsibilities
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