You have just finished presenting a summary of this year's financial results to the board of directors.  Included in your presentation was an income statement including both basic and diluted EPS figures.  One of the board members comments that they understand basic EPS but has no clue what diluted EPS is.  The board member actually wondered aloud whether this diluted EPS computation was part of some "full-employment for accountants" project.  How would you further explain the concept of dilution and what diluted EPS is trying to measure to the uncertain board member?

1. How does the role of a forensic accounting differ from a traditional accounting? 2. How does the role of a traditional accountant differ from internal and external auditor? 3. prepare 10 year professional development plan that will prepare you for a role in forencis.

The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts use the information given on the balance sheet and other financial statements to make several interpretations regarding the company’s financial condition and performance. Cold Goose Metal Works Inc. is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its first year of operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet. Cold Goose Metal Works Inc. Balance Sheet for Year Ending December 31 (Millions of Dollars)   Year 2 Year 1   Year 2 Year 1 Assets     Liabilities and equity     Current assets:     Current liabilities:     Cash and equivalents    $4,612 Accounts payable $0 $0 Accounts receivable 2,109 1,688 Accruals 293 0 Inventories 6,187 4,950 Notes payable 1,660 1,562 Total current assets $14,062 $11,250 Total current liabilities    $1,562 Net…