ACC 400 Week 1 Individual Assignment Financial Accounting Versus Managerial Accounting
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1 . What is a current asset ? What is a non-current asset ? What is the differencebetween the two types of assets ? In which financial statement would you find theseassets ?
2 . What is an example of a significant accounting estimate ? What is the importanceof these estimates ? How do ethics play into the decision-making process ? Whichfinancial statements include significant accounting estimates ? Why ?
3 . What are internal controls ? Why do companies need them ? What are someexamples of internal controls ? Who is responsible for developing internal controls ? What are some limitations of internal controls ?
4 . What are intangible assets ? How does a business obtain intangible assets ? What is goodwill ? Why would a business have an account for goodwill ?
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ACC 400 Week 1 Individual Assignment Financial Accounting Versus Managerial Accounting
For more course tutorials visit www . tutorialrank . com Tutorial Purchased : 2 Times , Rating : A +
ACC 400 Week 1 Individual assignment Versus Managerial Accounting
Financial Accounting
Complete the Role of Financial Accounting Versus Managerial Accounting Matrix .
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