Chapter 1-5 accounting | Accounting homework help

 

CHAPTER 1-2

Discussion Question 1

What are several examples of internal management, management prepared information that ordinarily would not be communicated externally?  Why?

Discussion Question 2

Why is knowledge of accounting terms and concepts useful to persons other than professional accountants?

Assignment

1 What is the definition of Internal Controls, and what are the five components of COSO’s internal control framework?   

2 What is the basic accounting equation? Briefly define the three primary elements in the equation and examples of each.   

——————————————————————————————-

CHAPTER 3 

Discussion Question 1

When do accountants consider revenue to be realized?  What basic question about recording revenue in accounting records is answered by the Realization Principle?  Would our answer to the timing of recognizing revenue differ it the business is on the accrual basis of accounting versus the cash basis of accounting?

Assignment

How do dividends affect the balance sheet?  Are they treated as a business expense?  Explain?   

—————————————————————————————

CHAPTER 4-5 

Discussion Question 1

Why does the recording of adjusting entries require a better understanding of the concepts of accrual accounting than does the recording of routine revenue and expense transactions occurring throughout the period?

Assignment

1 Briefly explain the concept of materiality?  If an item is not material, how is the item treated for financial reporting purposes?  

 

2 Prepare a fictitious balance sheet, statement of retained earnings, and income statement of a business. This fictitious business is located in the North Pole and manufactures toys and sells them to retail outlets such as Wal Mart and Toys R Us.







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10