You will need to answer the full Discussion and then respond to two classmates. The numbers (1-6) are actually to be labeled at (A,B,C,D,E,F) As the head of Aztec Corporation’s Tax Department, you faced an interesting dilemma. Due to substance abuse problems, an officer-shareholder of this closely held company had become disruptive and untrustworthy. To alleviate this problem, the company terminated this officer’s employment contract […]

tasks assigned for the current week : 1 – tax declaration preparation for month of July 2024 (provide some details) 2 – payments to suppliers learned to prepare the required documents to make the payment to the suppliers First, an aging report should be generated to give clear information along the due date of the payment and compare between the terms entered the system with […]

College of Administration and Finance SciencesAssignment (1) Deadline: Saturday 06/07/2024 @ 23:59 Course Name: Introduction to AIS Student’s Name: Course Code: ACCT402 Student’s ID Number: Semester: Summer CRN: 50201 Academic Year: 1445-6 H For Instructor’s Use only Instructor’s Name: Habiba Moabber Students’ Grade: /15 Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) […]

College of Administration and Finance SciencesAssignment (1) Deadline: 13/7/2024 @ 23:59 Course Name: Student’s Name: Course Code: ACCT403 Student’s ID Number: Semester: summer term CRN: Academic Year: 1445-1446 H For Instructor’s Use only Instructor’s Name: Wadha Alrashidi Students’ Grade: /15 Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • […]

College of Administrative and Financial SciencesAssignment 2 Deadline: 04/05/ 2024 @ 23:59 Student’s Name: Student’s ID Number: CRN: Course Name: Financial Accounting Course Code: ACCT 201 Semester: 2 Academic Year: 2023- 24 For Instructor’s Use only Instructor’s Name: Students’ Grade: …… /15 Level of Marks: High/Middle/Low nstructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated […]

College of Administration and Finance SciencesAssignment (2) Deadline: May 5th 2023 @ 23:59 Course Name: Introduction to AIS Student’s Name: Course Code: ACCT402 Student’s ID Number: Semester: 2st CRN: Academic Year: 1445 H For Instructor’s Use only Instructor’s Name: Students’ Grade: /15 Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated […]

Q1. Discuss the following accounting principles and assumption and give propernumerical example for each one of the: 1. Cost principle. 2. Revenue recognition principle. 3. Matching concept. 4. Business entity assumption. 5. On-going assumption. (5 Mark) ANSWER: Q2. Give financial transactions details that would reflect the following cases (for your convenience, an example is provided). Do not forget to give full information (i.e. date, name […]

Analyze the consolidated financial statements for the years 2 023 and 2022 considering the following aspects: 1 . Operating leverage2. Financial leverage3. Combined leverage4. Relationship between ROA, ROE and WACC in the company 5. Liquidity and solvency ratios6. Company’s dividend policy & strategy (last10years)7. Stock price development (last10years)8. Credit risk, Market risk, Operational risk and Liquidity risk 9. Impact of IFRS 16 in the company(optional) […]

Volata Company began operations on January 1, 2023. In the second quarter of 2024, it adopted the FIFO method of inventory valuation. In the past, it used the LIFO method. The company’s interim income statements as originally reported under the LIFO method follow: Accounts202320241st Quarter2nd Quarter3rd Quarter4th Quarter1st QuarterSales$ 30,000$ 32,000$ 34,000$ 36,000$ 38,000Cost of goods sold (LIFO)6,0007,0007,8009,00010,500Operating expenses4,0004,2004,6005,0005,200Income before income taxes$ 20,000$ 20,800$ 21,600$ […]

Managerial Accounting andCost Concepts Chapter 01 PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Classifications of Manufacturing Costs Direct Materials Direct Labor Manufacturing Overhead The Product 1-2 Direct Materials Raw materials that become an integral part of the […]