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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Please include questions and if possible the answers can be 5-8 lines long or whatever you think
From the e-Activity, •Go to the International Financial Reporting Standards (IFRS) Website to review authoritative guidance of the statement of cash flows, located at http://www.ifrs.org. To find literature on authoritative guidance, in the search engine type in “statement of cash flows” compare the major similarities and differences between IFRS and GAAP in regard to authoritative guidance of the statement of cash flows. Identify two (2) differences in IFRS and GAAP, and suggest to the IFRS board which GAAP technique it should implement. Explain the primary way in which the differences you selected will benefit financial statement users.
Compare and contrast each of the types of financial statements: balance sheet, income statement, and statement of cash flows. Give your opinion of the statement that is most useful to creditors. Provide at least two (2) specific examples of such usefulness to creditors.
Imagine that you are a consultant working on a special project to help a company determine techniques that it can use in order to calculate the fair value of investments. From the e-activity, prepare a report to management in which you compare and contrast at least three (3) methods to determine the fair value of investments. Also, recommend to management the method that the company should use in order to maximize the value of its investments. Provide a rationale for your response.
Suppose you have been hired by company XYZ to serve as a consultant who must explain the accounting treatment for notes receivables. Outline a memo that explains the advantages and disadvantages of preparing notes receivables using the fair value method versus using the historical cost method. Also, recommend to management the method that would provide the greatest benefit to the company. Support your response with specific examples of the benefits that would be derived from the method that you recommend
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