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12 Oct 2018

Go to the SEC website or you may find it easier to use Google toidentify a company that has been cited by the SEC for inventoryproblems. Describe the problem and identify the accountingprinciple the company violated.

Your answer must be in your own words.

Approximate length: 1 to 2 double-spaced pages.

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Sixta Kovacek
Sixta KovacekLv2
14 Oct 2018

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Research computer-aided auditing tools and techniques (CAATTs) on the internet and/or in your textbook and contrast the use of CAATTs to audit the client’s transactions and balances versus traditional audit sampling techniques. Do you think CAATTs provide better audit evidence than traditional sampling techniques?

Your answer must be in your own words.

Approximate length: 1 to 2 double-spaced pages.

Decision Making with ManagerialAccounting
Due to varying business characteristics, the managerial accountingtechniques applied in each business may differ. For example, abusiness in the start-up phase may rely heavily upon budgeting andcapital investment techniques; whereas, a business in themature/maintaining phase may rely heavily upon cost management andquality control. Ultimately, the techniques used by managementshould assist the business in achieving its short-term andlong-term goals through effective decision-making.

For your Paper, you will analyze the role of managerial accountingin two parts. Part I will provide a general overview ofmanagerial accounting. Part II will provide examples of howmanagerial accounting theories and principles are applied in thebusiness world. You may find it helpful to reflect uponyour own professional experiences for examples.

Part I (three to four double-spaced pages, excluding thetitle and reference pages)

Present the following:

Define managerial accounting

Describe the role of managerial accounting and the managementaccountant in a business or organization

Describes ethical issues/concerns for the managementaccountant

Describes at least three managerial accounting techniquesavailable and their application within a business ororganization

Access the latest annual report, or Form 10-K, of a publicly-traded company of your choice(coca cola) using the company’s website or www.sec.gov. You can usually access from a company’s website by clicking on investor relations, then annual reports, and search for latest form 10K. From the SEC website (www.sec.gov), search for the selected company’s name and then search for its latest form 10-K. Using form 10-K of your selected company, answer the following questions in an essay format.

Identify three accounts on your selected company’s and balance sheet that provide evidence that the company utilizes accrual accounting. Ensure you provide explanations as well as the income statement account that would be affected by the adjustment process.

Identify and explain three income statement accounts that may result in accrual and deferrals adjusting entries. Explain depreciation expense, amortization expense, accumulated depreciation, and accumulated amortization? In the financial statements and notes of your selected company, identify the four accounts. How much was each of these four accounts for the most recent year and on which financial statements were each reported? What are income taxes and income tax expense (or provision for income taxes)?

In the financial statements and notes of your selected company, identify cash paid for income taxes as well as income tax expense (or provision for income taxes). How much was each of these accounts for the most recent year and on which financial statements was each reported?

Your response should include two to three pages of written text in addition to any calculations and solutions you offer to support your thinking. Ensure you include the form 10-K page numbers in your citations for each response. Include retrieval link for the 10-K as one of your sources so your instructor can verify the information. Document formatting and any citations should conform to APA

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