Project #32761 - Emerging Trends in Managerial Accounting/Case Study: ATC 10-5 Ethical Dilemma: Gaines Company post-audit

Hi All. I need some assistance with my “Principles of Managerial Accounting” class. The assignment is very, very easy, however I am dealing with a long term illness that limits me to doing classwork. I would really appreciate the help if you’re proficient in the subject. The overall assignment does not have a required word count, because it mainly consist of solving solutions. However, you WILL need to show ALL WORK AND DETAIL AS TO HOW YOU COME UP WITH THE ANSWER. All work will need to be original ( No Plagiarism allowed). Please show work when needed. Also, as college level we cannot use any kind ok “Wiki” as a referencing tool. Please make effort to submit all homework by agreed time, as this is very important to me and my professor cannot accept late submissions. If you have any questions, please feel free to contact me. Again, I truly thank you in advance for you’re kind assistance.

 

***Time sensetive, as the discussion in required to be complete on monday nights at midnight..no exceptions, as this is my LAST assignment for this class***Please understand. Thanks in advance.

*This assignment has an article that you will work from to complete this whole assignment.

 

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Discussion question in the bracket alone need to be no less than 100 words

Subject: Fraud

One of the main reasons accountants spend so much time preparing financial statements and auditors spend so much time checking those financial statements is to reasonably ensure the financial statements are free from material misstatements.  Misstatements can be accidental or intentional (fraud).  Is it possible for a CEO to guarantee to the users of financial statements that the statements are free of fraud (feel free to research the Sarbanes Oxley Act for help with this one)?  Is it required that a CEO guarantee the financial statements are free of fraud?  Why or why not?

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This is the actual homework assignment...No specifoic word count is required for this section, however you will need to show ALL work as to how you came up with the answers for each question.

 

1.  Assume that actual cash inflows turn out to be $91,000 per year. Determine the amount of Mr. Holt’s bonus if the original computation of net present value were based on $90,000 versus $70,000.

 

2.  Speculate about the long-term effect the bonus plan is likely to have on the company.

 

3.  As the Gaines Company ethics officer advising the financial decision-maker, recommend how to compensate managers in a way that discourages gamesmanship.

 

 

 

 

Subject Business
Due By (Pacific Time) 06/09/2014 08:45 pm
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