Case #2 Reflection: Google in China
Success. This desirable trait has an ambiguous meaning that everyone has different
definitions of. Google is a globally dominant company that has hade immense success
everywhere that it has gone. How
Ambition. This is what I consider my most valuable asset and the reason I get up every morning.
I believe drive is crucial to any individual. Having an enthusiastic thirst for success amplifies selfconfidence and is also infectious because it can inspire
I was actually against rushing. As a freshman, I know I have this one year to set myself up for a
successful first co-op. I wanted to just focus on getting good grades and maintaining balanced
extracurriculars but I was intrigued after I heard about Delta
OPERATING DECISIONS AND THE ACCOUNTING SYSTEM
Describe a typical business operating cycle and explain the necessity for the time period
The operating cycle, or cash-to-cash cycle, is the time needed to purchase goods or
Chapter 13 appeal office (A office)
Resolve tax controversies without litigation when an audit adjustment cant be resolved at the Examination level.
Protest requirement: (will file with IRS and review by examing agent,A officer make preliminary)
Chapter 13 appeal office (A office)
Resolve tax controversies without litigation when an audit adjustment cant be resolved
at the Examination level.
Protest requirement: (will file with IRS and review by examing agent,A officer make
The assessment of what constitutes an outstanding contribution to auditing research is based
upon the following criteria: (1) a demonstrable or anticipated impact on audit research or
practice, (2) the importance of the problem(s) addressed, (3)
Auditors are required to maintain an attitude of professional skepticism, and this attitude
is expected to influence their important judgments and decisions throughout the audit
engagement from planning and risk assessment through the critica
Impact Assessment on other-auditors-proposal
A. Need for action
-What is the problem and why is it a problem at PCAOB level? Who is affected by the
problem, in what ways, and to what extent? Does the PCAOB have the right to act?
How the problem is likely
To develop a framework that distinguishes (1. Why need to distinguish them? Who needs to
distinguish? 2. Less details about how to distinguish them. Eg. In the PS paper, at beginning you
explain why redefine the concept. But in this paper, what y
Executive Summary for the Economic Analysis on
A. Need for action
I agree with EU to put NEED at the top. I think in a US logic it is very important to raise
question at beginning. Who will be affected by this question and to what extent? It will be easy
Using Attitude Theory to Understand the Role of Auditors Attitudes (including
professional skepticism) on their Behaviors
Auditors attitudes of professional skepticism are often blamed for audit deficiencies.
However, we have no overarching conce
meet the needs
whether addresses need 1
Better Regulation instruments should:
Embedded in the planning and policy cycle
Be well-planned and timely. All the
preparatory and analytical work, including
stakeholder consultations, must be done in
time to feed into the policy development
Intermediate Accounting 15E Kieso, Weygandt, Warfield
Week 11 Assignment
1) The lessees accounting for a lease with an unguaranteed residual value is the same as the
accounting for a lease with no residual value in terms of the computation
Exchange rates predictions
The value of the Canadian dollar will be fairly volatile against the US dollar in 2016. It appreciated
relatively quickly in the first quarter, as growth in the Canadian economy is likely to have outstripped
that in the US. But
A defined contribution plan specifies the amount of payments made into employees contribution plan.
The employer doesnt bear any risks and responsibilities besides for making specified regular payments.
A defined benefit plan means that th
a. Liability for purchase should be recorded either when goods are received (FOB destination) or when shipped by
the seller (FOB shipping point).
b. Salaries accrued should be recorded at the date when the financial statement is prepared.
Yield = Market = Effective rate the actual rate that bondholder earns.
Nominal = Stated rate percentage of the par value of the bond.
Discount on bond payable arise when there is a higher interest rate in the market. So the issuer has to
Chapter 19, week 6.
Pretax financial income is reported on income statement and is profit before paying income tax. Taxable income i
A future taxable amount increases taxable income and A future deductible amount decreases it. A valuation ac
1. (1) Capitalized leases with unguaranteed residual value do not include it in the lessees minimum
(2) Guaranteed residual value affects capitalized amount of asset. The lease liability will consist
of both residual value
Week 2, Chapter 13
Determinable current liability is a specific occurred liability with known date of payment, amount and payee. Examples are
A contingent liability is an obligation that is not occurred yet. It's existence is dependent on various cir
Q3. There are two lease accounting methods: operating and capital lease. Under operating method the ownership stays
expense. Under capital lease method, owner's rights and responsibilities are transferred to the lessee, who recognizes th
Week 9, Chapter 20,
Service cost represents the actual accrued present value of pensions payable at employees retirement.
Prior service cost are amendments made to pension plan and allocated to previously accrued pensions.
Week 1, Chapter 13
Q 1. A current liability is to be paid out of current assets or by creating another current liability, usually within
one year or operating cycle. A long-term debt is other liabilities that are not qualified to be current.
Q 12. Unearne
Deferred taxes are reported in asset or liability section and classified as current or non current.
The loss carryback permits the company to transfer operating loss to previous two years and get refund for income taxes pa
loss up to