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28 Jul 2019

Changes in Accounting Principles and Changes in AccountingEstimates" Please respond to the following: From the e-Activity,discuss the accounting principles that the identified companychanged, and explain the major reasons why the company changedaccounting principles. Give your opinion on whether you believe thechange in accounting principles was to benefit the corporation orinvestors and creditors. Provide a rationale for your response.Imagine you are the senior accountant at your organization, andmanagement is not sure of the difference between a change inaccounting estimate and a change in accounting principle. Brieflydiscuss the difference between a change in accounting estimate anda change in accounting principle, and outline the impact thechanges will have on the company’s financial statements. Give youropinion on why a company should avoid reporting changes inaccounting principles and changes in accounting estimates. Providea rationale for your response.

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Lelia Lubowitz
Lelia LubowitzLv2
29 Jul 2019
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Related questions

Research a company that had a change in accounting principleswithin the past five (5) years.

Discuss the accounting principles that the identified companychanged, and explain the major reasons why the company changedaccounting principles. Give your opinion on whether you believe thechange in accounting principles was to benefit the corporation orinvestors and creditors. Provide a rationale for your response.

"IFRS and Preparing a Statement of Cash Flows"

Please respond to the following:

Evaluate two (2) major differences between GAAP and IFRS withrespect to the statement of cash flows. Give your opinion on whichmethod you prefer. Provide a rationale for your response.

Imagine you are the senior accountant at your organization andmanagement is unsure of the difference between the indirect methodand the direct method of preparing a statement of cash flows.Outline a brief memo to management differentiating between thedirect method and indirect method. Advise management on whichmethod the company should use to prepare the statement of cashflows. Provide at least two (2) specific examples on why the methodyou selected would be beneficial to the company.

Please rewrite this Memo and letter with thsi instructions.

Memo/Letter Make-Over Assignment

PURPOSE

This assignment will improve your composing and editing skillsregarding crafting routine business documents. It will also sharpenyour critical analysis abilities.

PROCEDURE

You will be given a document that is poorly written. It will beabout three-fourths to a page.

Consider the document’s purpose and audience. Analyze itsstrengths and weaknesses.

Rewrite the document, applying the principles of good businesswriting and document design that you are learning in thiscourse.

On a separate sheet, explain your rationale for making thechanges. Include your observations about the audience, stated (andunderlying) purpose(s), relationship between reader(s) and writer,organizational setting, appropriate tone, level of formality, useof jargon, and any other reasons for the changes.

WHAT TO SUBMIT

Your revised typed memo or letter

Your written analysis and rationale for eachdocument

Graded Memo Rewrite/Makeover

This assignment will be graded. Please rewrite usingcorrect writing style, tone, grammar mechanics, etc. Include youranalysis of the errors you found on a separate page.

Your staff does not like the idea of working at a distant campuson Thursdays, and you have to get them on board with this newmandated change. So, you wrote this Memo below:

To: AllStaff

Subject: Thursday Work Days at Eldridge

Date: Februay 11,2015

From: Your name, Superviser

We have had lot of people not following directions about thework day on Thursdays. All staff is to be working on the Eldridgecampus henceforth on Thursdays. You are to follow directions;disobeyance willnot be tolerated by anyone. Unless you have priorpermission to be at another campus you are to be on this campus onThursdays. The work hours are from 9am to 6pm with one hour forlunch. If you don’t abide by these directives you will be writtenup by me. When you are there you should check for neededimprovements or items or things missing to enhance this campus inaddition to using his time for planning and doing your worktask.

Bring your own latops as there is no extra computers at Elridge.The ones that are there are for that staff there.

Thanks and do adhere to these directives.

Sincerely

Your Name

Graded Letter Rewrite/Makeover

Please rewrite using correct writing style, tone,grammar mechanics, etc. Construct a letterhead. Include youranalysis of the errors you found on a separate page.

You work for McDonough Company, 2550 Lockwood Plaza, Beechnut,OH 43443. As the SeniorManager, you ordered 14 new HP laptopcomputers for your senior staff. They were to arrive on Monday,January 19, 2015, but you have not received them. You called butwere told the same thing—they are on their way. So you decided towrite the letter below.

February 11, 2015

HP Company

1440 Jones Road

Houston, TX 77033

Dear Sir

I have called your office several times and got no satisfactionI sent you a check in the amount of

$16, 689.12 for 14 Hp Model 745 laptop computer. To date, I havenot received them, and I am rather upset to say the least. The copyof my check is attached.

Your company has a good reputation but now I am questioning thatreputation. Why tell me my computers are on the way with no date ofarrival. Yet, when I contacted your Company about this order, P. O.No. 1276 I am told that they were shipped. Well if they wereshipped then why have I not received them?

I want an explanation by phone; my number is 704.678.9112. Iwant an answer no later than February 16 or I will contact mylawyer. I have ordered from your company before and have beensatisfied.

What do I have to do to get these laptops? Is it possible theywere sent else where or were stolen?

This situation has been truly annoying for the staff expectingthese laptops as well as for my business.

I want to here from you.

Regards

Your Name

Senior manager

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