ACC 400 Final Exam ( UOP ) For more course tutorials visit www . tutorialrank . com Tutorial Purchased : 1 Times , Rating : A +
a . in dollars and cents .
b . as a percent of the item in the previous year . c . as a percent of a base amount . lowest value . d . starting with the highest value down to the
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ACC 400 Final Exam ( UOP ) For more course tutorials visit www . tutorialrank . com Tutorial Purchased : 1 Times , Rating : A +
Please answer the five following questions as your final exam . The responses should be a minimum of 300 words for each response ( 1,500 total word count minimum ), anything less will result in a deduction of points . Post your final to the assignment link by the due date in the syllabus . Thank you .
1 . What is an example of a significant accounting estimate ? What is the importance of these estimates ? How do ethics play into the decision-making process ? Which financial statements include significant accounting estimates ? Why ? ( 300 words )
2 . What are examples of irregular items ? How does a change in accounting principles affect the financial statements ? Who in the organization is responsible for the application of a change in an accounting principle ? Why ? ( 300 words )