WCM 610- Final project

Q6

aims to identify, record, and communicate information about business activities. It helps assess opportunities, products, investments, and social and community responsibilities. Users of accounting are both internal and external. Some users and uses of accounting include (a) managers in controlling, monitoring, and planning; (b) lenders for measuring the risk and return of loans; (c) shareholders for assessing the return and risk of stock; and (d) employees for judging employment opportunities. Opportunities in accounting include financial, managerial, and tax accounting. Csuterstack/Fory burrow OGlow Asia/Saperstock 130s :00/ 0:58 1x CC Knowledge Check 01 Match the term and the definition. Definition The recording of transactions and events only, either manually or electronically. An information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities.

2019 COBIT Principle 1 Each enterprise needs a governance system to satisfy stakeholder needs and to generate value from the use of I&T. Value reflects a balance among benefits, risk and resources, and enterprises need an actionable strategy and governance system to realize this value. Current Practice Recommendation Principle 2 A governance system for enterprise I&T is built from a number of components that can be of different types and that work together in a holistic way. Current Practice Recommendation

Introduction and Problem Statement This report examines … [Include a statement of the main problem in the case.]   Background [Detailed company/case background tying directly to the context of the specific case study. Summarize data from the case scenario that is pertinent to solving the stated problem.]   Analysis [Thoroughly analyze the questions asked of you here as well as the main questions suggested within the case study.]   Alternatives and Evaluation   [This section should list some options available as solutions and discuss the pros and cons of each alternative.]   Recommendations [This section should suggest the recommended solution and validation for this selection.]   Action Plan [This section should provide a step-by-step actionable guide to achieve the recommended decision divided by short and long term activities.]   Conclusion [Concisely summarize the case options, recommended decision and future predictions ofr the company.] References Include any references used. The…

ted below are several terms and phrases associated with the FASB's conceptual framework. Pair each item fro A (by letter) with the item from List B that is most appropriately associated with it. List A 1. Predictive value 2. Relevance 3. Timeliness 4. Distribution to owners 5. Confirmatory value 6. Understandability 7. Gain 8. Faithful representation 9. Comprehensive come 10. Materiality 11. Comparability 12. Neutrality 13. Recognition 14. Consistency 15. Cost effectiveness 16. Verifiability List B a. Decreases in equity resulting from transfers to owners. b. Requires consideration of the costs and value of information. c. Important for making interfirm comparisons. d. Applying the same accounting practices over time. e. Users understand the information in the context of the decision being made. f. Agreement between a measure and the phenomenon it purports to represent. g. Information is available prior to the decision. h. Pertinent to the decision at hand. i. Implies consensus among…

To compare entities in the same industry, it is important to determine the accounting methods used by each firm. Requirement Answer the following questions regarding accounting methods. a. Where do firms provide information about their accounting methods?

Question 13 Which is a challenge for joint ventures between firms Opportunity for risk-sharing between partnering firms. Presence of strong coordination between partnering firms Access to a new learning environment Partnering with a competitor

Multiple-Choice EXERCISE 20 Select Yes or No for each statement below: a. Information that provides feedback about prior expectations is b. Information that is neutral is c. Determines the economic events to be shown in financial statements d. Considered an enhancing characteristic Relevant Faithfully Represented

Explain the equation HxP=R Name each component      What is the significance of each component? How the equation is used in Risk Management and in developing the risk matrix? How the outcome of this formula will impact an agencies appetite for risk?   Is that risk appetite a constant, and what factors may go into the modification of that agency risk appetite?

On Targets annual report review Item 7 beginning on page 28.  This is typically referred to as the MD&A.  What is the purpose of the MD&A?  What is Target sharing in this item?

4 POINTS

Company is Air NEW ZEALAND   Explain reporting/ disclosure on social impact and discuss its importance to the chosen company and its stakeholders. PLG 1, 2, 3   Demonstrates an excellent level of knowledge and understanding of reporting/disclosure on social impact. A thorough discussion of the importance of social impact reporting/ disclosure to the chosen company and its stakeholders, supported with information from research. Specific stakeholders and their interested social impact are clearly identified and supported with appropriate examples

Solution to this accounting Prblm