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Audit Quality Improvement
Audit Quality Improvement
Introduction
The topic is based on the role of PCAOB (Public Company Accounting Oversight Board) in improving the audit quality for the organizations. In the past few years, many organizations have made an attempt for providing a definition of audit quality. The definition of ...
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Tax Memorandum
[Name of the Instructor]
Memorandum
To: Tax Manager
From: Research Staff
Date: September, 6, 2012
RE: Efran Zimbalist
I have reviewed the tax returns of Efran Zimbalist, who is a CEO of a small comp[any called the Infranet Inc. Apart from being a CEO he has an accommodation that is given by the company and ...
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Kristina and Debt Forgiveness Program
Kristina and Debt Forgiveness Program
Facts
If Kristina utilizes the debt forgiveness program that is the debt forgiveness program, in which the school will pay the debt of students; however, the student will own an equal amount to the program while remaining in the public service for ...
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Certified Management Accountant (CMA)
In administration accounting, cost accounting sets up allowance and genuine cost of procedures, methods, agencies or merchandise and the investigation of variances, profitability or communal use of funds. Managers use cost accounting to support decision-making to slash a company's costs and advance profitability. As a pattern of ...
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Pringly Division
Pringly Division
First Strategy
Break even for first strategy
Estimated demand (units)
Estimated probability (units)
Estimated Outcome
150000
0.25
37,500
180000
0.5
90,000
200000
0.25
50,000
Total estimated demand (units)
177,500
Selling price per unit
170
Total sales revenue
30,175,000
Adjust Selling price
170-30
140
Contribution
24,850,000
Total fixed cost
20,000,000
Profit
4,850,000
Contribution Margin
Contribution / Total sales revenue
82.35%
Break even in ...
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Hobby losses
Hobby losses
Introduction
So-called "hobby-loss" cases have long created confusion for taxpayers and tax-planners alike. Though taxpayers attempt to carefully structure certain activities to avoid the hobby-loss restrictions of section 183, the Service frequently and often unpredictably disallows losses attributable to such activities. n1 In Rabinowitz v. Commissioner, taxpayers recently challenged ...
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Auditing
Auditing
Auditing
Introduction
The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but similar concepts also exist in project management, quality management, water management, and energy conservation (McKenna, 2011).
Discussion
Audits are performed to ascertain ...
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Accounting at McCloud Winery
Accounting at McCloud Winery
Introduction
Mike McCloud worked in the Winery industries for many years and after achieving the specialization in this field he opted for starting his own winery production business and launching his own brand. At the beginning of his business he planned to lease a building ...
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Regulatory Agencies
Abstract
This paper focuses on the four major accounting regulatory bodies which are responsible to monitor the financial reporting of the companies. Each accounting regulatory body has diverse purpose so that they can witness increasing attention to the issue of international harmonization of accounting. They have proper standards ...
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CEMEX AND MARIETTA MATERIALS
CEMEX AND MARIETTA MATERIALS
CEMEX AND MARIETTA MATERIALS
CEMEX
Goodwill and Intangible Assets
The intangible assets in CEMEX are recognized and identified at their fair value. Any portion of the purchase price, which is still unallocated, is recorded as goodwill; the goodwill is not amortized in CEMEX and ...