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Lan and Mai are students at Accounting and Auditing Faculty. After completing Accounting Unit, they are now able to prepare financial statement and discussing about the figures on financial report. Mai said, "all the figures on financial statement are definitely reliable because accountants have to adhere with strict code of ethics, integrity standards, and set of accounting rules and standard such as IFRS when preparing the report". Do you agree or disagree with Mai's statement? Provide explanation and real-life examples (cases) to justify your opinion.
Case Study HP Company is suffering declining sales of its medical products. The president, Toshio Nakao, instructs his controller, Satoshi Kasai, to lengthen asset lives to reduce depreciation expense. A processing line of medical equipment, purchased for $4 million in January 2020, was originally estimated to have a useful life of 5 years and a salvage value of $200,000. Depreciation has been recorded for 2 years on that basis. Nakao wants the estimated life changed to 10 years total and the straight-line method continued. Kasai is hesitant to make the change, believing it is unethical to increase net income in this manner. Nakao says, “The life is only an estimate, and I've heard that our competition uses a 12year life on their medical equipment.”Instructions
(a) Who are the stakeholders in this situation?
(b) Is the proposed change in asset life unethical? Give your explanation.
(c) What is the effect of Nakao's proposed change on income before taxes in the year of change?
a new project would required an investment of birr 430million in an asset and would produce an annual after tax net benefit of birr 77.4million over a service life of 10 years. when the project ends the net profit from the sell of the asset would be birr 43million. and additional 120.4million birr at 8 years hence. all costs and benefits are described by cash flow diagram. compute the rate return of this project.
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. In what circumstances, and on what criterion, can the conversion of tropical forestry into agricultural land be justified. (1500 words)
Money is an imperfect store of value when,
Select one:
a. businesses are failing due to bankruptcy.
b. the unemployment rate is high.
c. gold prices are falling.
d. the rate of inflation is high.
please answer correctly with an explanation. Thank You;
Mr. Dee Jay borrowed money from the bank and he received the amount of P18,420 and promised to repay P20,000 at the end of 10 months. Determine the rate of simple interest.
Find at least two online ads for systems analysts and list the employers, the qualifications, and the salaries, if mentioned
Discuss in detail about the effect of tariff on a large country and developing country.
