Professional accountants find themselves interacting with human resources managers in a number of different capacities either personally or as an…

1. Professional accountants find themselves interacting with human resources managers in a number of different capacities either personally or as an employee of their company. List three of these capacities (2 marks) and indicate why a knowledge of accounting would be useful to a career in human resources management (6 marks – 14 minutes)

2. Define and provide an example to explain any FOUR accounting concepts. (1.5 marks or 2 minutes each – total 6 marks or 14 minutes)

3. Who are the most important users who should be taken account of in setting accounting standards, and why? (3 marks- 7 minutes)

Service Pro Corp (SPC) is preparing adjustments for its september 30 year-end. For the following transactions and events, show the september 30…

Service Pro Corp (SPC) is preparing adjustments for its september 30 year-end. For the following transactions and events, show the september 30 adjusting entries that SPC would make.

a. Prepaid Insurance shows a balance of zero at September 30, but Insurance Expense shows a debit balance of $2340, representing the cost of a three-year fire insurance policy that was purchased on September 1 of the current year.

b. On August 31 of this year, Cash was debited and Service Revenue was credited for $1500. The $1500 related fees for a three-month period beginning september 1 of the current year.

Please I need a thorough explanation because I have a midterm tomorrow and I do not get this kind of adjustment

Discussion 6. Budget Crisis Actions for Discussion 6. Budget Crisis Social responsibility as it relates to the United States budget crisis can be…

Discussion 6.1: Budget Crisis

Actions for Discussion 6.1: Budget Crisis

Social responsibility as it relates to the United States budget crisis can be debated tirelessly. A philosophical divide exists over the role of personal responsibility versus the role of government. Discuss the likely differences in outcomes for the United States and other nations in the budget debates. Why, and to what degree are social forces different? Are differences in political systems an explanation? In what ways could the outcomes of the deficits and debt debate in various nations affect businesses?

Sigrid contributed $200 every month for nine years into an RRSP earning 4.3% compounded annually. She then converted the RRSP into an annuity that…

Sigrid contributed $200 every month for nine years into an RRSP earning 4.3% compounded annually. She then converted the RRSP into an annuity that pays her monthly for 20 years. If the first payment is due one month after the conversion, and interest on the annuity is 5.4% compounded semi-annually, how much will Sigrid receive at the end of every month?

Debby Martin has assets valued at $120,000 and liabilities that total $50,000. Based on this information, what is Martin’s net worth?

Debby Martin has assets valued at $120,000 and liabilities that total $50,000. Based on this information, what is Martin’s net worth?

7. Your employer has an interest rate exposure that they wish to hedge. What factors do you need to consider in choosing between FRAs and BAB futures…

7. Your employer has an interest rate exposure that they wish to hedge. What factors do you need to consider in choosing between FRAs and BAB futures to cover an exposure in the money market? 

The authorized stock of a corporation a. only reflects the initial capital needs of the company. is indicated in its by-laws. is indicated in its…

The authorized stock of a corporationa. only reflects the initial capital needs of the company.b. is indicated in its by-laws.c. is indicated in its charter.d. must be recorded in a formal accounting entry.