Accounting

Response 1 Numerous problems arise with the use of the negotiated transfer pricing. When the negotiations drag on for too long, a company may fail to capitalize the favorable prices they may have sold their products in the market. Through concealing of information by middle managers who are in control of responsibility centers, the company may end up not benefiting fully from the intracompany trade. To avoid incidences of disagreements amongst the middle managers who are commanding the responsibility centers and facilitate quick decision-making process, the leading management must create tradeoffs and limitations for different circumstances such as how to approach issues to do with discount and...

Discussion Response Student’s Name Institutional Affiliate Discussion Response U1DB2 Response #1 CaHo It is worth noting that good financial measures aid in making sound decisions of an organization. I, therefore, concur with U1DB2 Response #1 CaHo that sound decision in Hewlett Packard comes about the financial choices towards adjusting to the market trends. The future consists of uncertainties thus projecting the financial stability require critical analysis and obtaining essential financial measures. From this discussion, it is necessary to take a great overlook on the revenues, gross margins, market trends, products and services and the business trends. The Hewlett Packard is an...

MCAA U4DB response 1 Financial statements of an entity reflect the performance of the firm as well as its going concern. The information presented, therefore, should adequately reflect how well or poorly the firm is currently doing with the major characteristics of good financial information being: complete records, relevant to the firm, accurate and properly valued/estimated figures. This information is also quite relevant to the auditor who uses the information to report the performance and financial well-being of the firm. MCAA U4DB Response 1 JM The work was properly researched and well detailed so that anyone without much understanding of accounting could read and understand what is...

Responses Name Institutional Affiliation Response #1 Your discussion has addressed a very crucial issues when it comes to accounting and financial reporting. You have identified when the Treadway commission was formed as well as the founding groups. Your discussion shows that all founding members were interested in improving the realm of financial reporting. The discussion has also identified that the commission was formed to try and identify the causes of fraud as well as how to mitigate such issues. I feel that you should have shown incidences in the past which necessitated such an action. The discussion has also addressed the COSO framework established by the commission. You have done well...

MCAA U2DB response 1 and 2 Name Institutional Affiliation Date MCAA U2DB response 1 and 2 MCAA_U2DB_Response_1_AK The work presents a clear understanding of the accounting and auditing standards, and also goes into details by tackling each highlighted issue and relating it to the auditing standards. However a few areas are of concern for instance in addressing the issue on the acquisition of the audit firm by the other, they argue with the point of an audit being conducted by a professional (Messier Glover, & Prawitt, 2017), which may not hold much in this case. The firm may have proficient auditors (American Institute of Certified Public Accountants, Inc., 2002), only that they are not...

TO: Board of Directors, XYZ Company FROM: Tax and Finance Controller DATE: 16th July, 2018. SUBJECT: Significance of the Deductions Dividend received deduction is a special deduction that is allowable for C corporations and not S corporations. This deduction is important as it helps corporations to avoid triple taxation. Since the company’s income is taxed when paying the dividend, when receiving the dividend, and when the shareholder is paid the dividend. The dividend received deduction is helpful to a company receiving a dividend from another company as it reduces the income tax. The deduction depends on the percentage the firm owns in the company from which it’s receiving dividends. If...