Explain how you determined the filing status,dependents,and use of standard/itemized deduction.

Assisting a family with their tax returns

Instructions

Consider the most beneficial way for Judy and Walter to file their federal income tax return.

Prepare a brief written summary, no more than 500 words that address the following:

Estimated taxable income for Judy and Walter (show computations).

Summary of tax return, including any suggestions or tax planning considerations.

Explain how you determined the filing status,dependents,and use of standard/itemized deduction.

Describe any other accounts reported in the Stockholder’s Equity section of the Balance Sheet.

Accounting

Respond to one or more question(s) from each of the three categories below.

Category: Capital stock

1. Describe the composition of your corporation’s contributed capital [Hint: contributed capital includes common and preferred stock plus any paid in capital in excess of par (or stated value)].

2. Describe any other accounts reported in the Stockholder’s Equity section of the Balance Sheet.

3. Discuss Treasury Stock transactions during the current year, if any.

 

Discuss recording property,plant,and equipment at its historical cost and then recording depreciation over the useful life.Why not record the entire purchase cost as an expense at time of purchase?

Accounting

Additionally, provide a summary of the accounting concepts learned through the readings and practice quizzes for this week.  Demonstrate your understanding of the week’s concepts.  If you need ideas regarding topics to discuss, see ideas below.  The more detailed your write-up documenting your understanding the higher it will be graded.  (See Rubric for details.)

Complete the report below as a Word document and submit in the Assignment Folder for week 1 Homework.
Additionally, here are some topics to consider:

Discuss recording property,plant,and equipment at its historical cost and then recording depreciation over the useful life. Why not record the entire purchase cost as an expense at time of purchase?

Discuss types of intangible assets reported as a long term asset.

What are the components of stockholder’s equity (what types of transactions affect owner’s equity)?

When a corporation buys previously issued stock back off the market, what is it called?  How does it impact owner’s equity?

What topic(s) gave you trouble this week (if any)?/What topic(s) do you feel you were able to grasp?  Post questions in the homework discussion thread!

Describe the impact on the auditor’s report of John and Jane Co if the auditor believes the company is a going concern but that this is subject to a material uncertainty.

UGB 225 and 238- writer can use any

John and Jane that they intend to take legal action against them for loss of earnings. John and Jane has investigated the problem post year end and discovered that other work-in-progress is similarly affected, and inventory should be written down. The finance director believes that as this misstatement was identified after the year end, it can be amended in the 2015 financial statements.

Required

Describe the procedures the auditors of John and Jane Co should undertake in relation to the uncorrected inventory misstatement identified above.

Explain SIX potential indicators that John and Jane Co is not a going concern.

Describe the audit procedures which you should perform in assessing whether or not John and Jane Co is a going concern.

The auditors have been informed that John and Jane’s bankers will not make a decision on the overdraft facility until after the auditor’s report is completed. The directors have now agreed to include some going concern disclosures.

Required

Describe the impact on the auditor’s report of John and Jane Co if the auditor believes the company is a going concern but that this is subject to a material uncertainty.

Why do companies need to value their accounts receivable at the end of each accounting period?

Accounting

Provide a summary of the accounting concepts learned through the readings and practice quizzes for this week.

Demonstrate your understanding of the week’s concepts.  The more detailed your write-up documenting your understanding the higher it will be graded.  (See Rubric for details.)

After addressing the above topics, additional topics you can incorporate into your weekly homework assignment:

Why do companies need to value their accounts receivable at the end of each accounting period?

Discuss the differences between the inventory accounting methods (LIFO, FIFO, Weighted Average, Specific Identification).  Do these inventory methods reflect the actual flow of inventory?

What are some of the current liabilities you learned about in this week’s readings.

What topic(s) gave you trouble this week (if any)?/What topic(s) do you feel you were able to grasp?  Post questions in the homework discussion thread!

Evaluate the effectiveness of each element’s contribution towards SIA’s leadership in service excellence and cost-effectiveness.

Accounting

Describe what is so special about SIA’s five elements of its successful HR practices?

Evaluate the effectiveness of each element’s contribution towards SIA’s leadership in service excellence and cost-effectiveness.

Despite evidence that such practices help service firms achieve higher company performance,many organizations have not managed to execute them as effectively. Why do you think that is the case?

Why do you think are US full-service airlines largely undifferentiated low-quality providers? What are the reasons that none of the full-service airlines positioned itself and delivers as a high service quality provider?

5. Some of SIA’s HR practices would be frowned upon in the US and Europe (e.g., having cabin crew on time-based contracts that are renewable every five years). Is this fair competition (i.e., desired competition between regulatory frameworks, as was favored by Margaret Thatcher, former prime minister of the UK), or is it arbitration of regulatory environments that encourage a “race to the bottom” in terms of employee rights?

6. How do people feel if they are working in a culture that focuses so intensely on customers,but cuts costs to the bone internally?

7. View https://www.youtube.com/watch?v=mIkNzhM2b70 (Across the World with the Singapore Girl) and http://youtu.be/P5sGKR6NJBw (Singapore Airlines SQ Girl), and discuss how these videos might be perceived by SIA cabin crew.

Critically examine and evaluate manufacturing in the UK is currently facing many challenges with a slowdown in major markets,increasing global competition and the ongoing impact of dealing with the pandemic.

Management Accounting

Required:

You are required to critically examine and evaluate the below statement:

“Manufacturing in the UK is currently facing many challenges with a slowdown in major markets,increasing global competition and the ongoing impact of dealing with the pandemic. In the context of these challenging times there are a number of strategic management accounting methods which manufacturing companies can use to facilitate the strategic decision-making process”

Lecturer wants up-to-date references within the last few years.

Describe how the ALPHA method can be applied to small agricultural organizations.

ALPHA and AIS Integration

The Malaysian agricultural industry is impressive. There are two internal forces of AIS change that occurred in ALPHA, namely, a new business model and corporate structure.

Read the following article before you begin the assignment:

Forces of Accounting Information System: Organizational Change and Governance of A Malaysian Agricultural Company.

Instructions

Write a 2–3-page paper in which you:

Summarize the ALPHA and AIS integration.

Explain how the AIS application helped the Malaysian agricultural industry.

Describe how the ALPHA method can be applied to small agricultural organizations.