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)