Accounting Archives - Assignment Prep

read the article How Boeing Tracks Costs, A to Z (Links to an external site.) and in a post of at least 200 words explain the change in Boeing’s costing approach from one based on job-costing to a process-costing approach.

by Christopher R. Teeple | Sep 26, 2022 | Accounting

read the article How Boeing Tracks Costs, A to Z (Links to an external site.) and in a post of at least 200 words explain the change in Boeing’s costing approach from one based on job-costing to a process-costing approach.

Describe the appropriate means of reporting each situation and explain your reasoning.

by Christopher R. Teeple | Sep 24, 2022 | Accounting

Assignment is to draft the appropriate accounting treatment for each situation described below. Western Manufacturing is involved with several potential contingent liabilities. Western’s fiscal year-end is December 31, 2020, and the financial statement will be issued...

describe why this principle/assumption is required.

by Christopher R. Teeple | Sep 16, 2022 | Accounting

Book: Phillips, F., Libby, P., & Libby, R. (2022). Fundamentals of financial accounting. (7th ed.). McGraw-Hill. Accounting is governed by 10 principles or assumptions which are often referred to as Generally Accepted Accounting Principles or GAAP (This was...

Explain the transaction that prompted Congress to put in the anti-abuse provision

by Christopher R. Teeple | Sep 16, 2022 | Accounting

Choose one anti-abuse provision: 1. Explain the transaction that prompted Congress to put in the anti-abuse provision 2. Explain how the anti-abuse provision prevents abusive transactions 3. Cite the statutory authority

Compare and contrast the conceptual framework for financial reporting and government accounting standards

by Christopher R. Teeple | Sep 16, 2022 | Accounting

Part I addresses your responses to the course objectives below: Compare and contrast the conceptual framework for financial reporting and government accounting standards Evaluate and discuss the appropriate accounting treatment for new (ex. exposure drafts) or unusual...

Write a one-page summary to your co-workers explaining the differences between temporary differences and permanent differences between net income (US GAAP) and taxable income (IRC).

by Christopher R. Teeple | Sep 14, 2022 | Accounting

Write a one-page summary to your co-workers explaining the differences between temporary differences and permanent differences between net income (US GAAP) and taxable income (IRC). Illustrate your discussion with at least two examples of temporary and permanent...

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read the article How Boeing Tracks Costs, A to Z (Links to an external site.) and in a post of at least 200 words explain the change in Boeing’s costing approach from one based on job-costing to a process-costing approach.

Describe the appropriate means of reporting each situation and explain your reasoning.

describe why this principle/assumption is required.

Explain the transaction that prompted Congress to put in the anti-abuse provision

Compare and contrast the conceptual framework for financial reporting and government accounting standards

Write a one-page summary to your co-workers explaining the differences between temporary differences and permanent differences between net income (US GAAP) and taxable income (IRC).

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