Litigation, Censures, and Fines Importance of Ethics in Accounting Manipulating revenue recognition violates the fundamental rule that revenue should equal the costs required to get that revenue....
Latest News - Accounting
Litigation, Censures, and Fines Involving National Public Accounting Companies Considering various examples of litigation, censures, and fines involving national public accounting firms, such as...
The Sarbanes-Oxley Act Whether Sarbanes-Oxley has done anything to curb fraud is subject to debate. The Act has, in a larger part, enhanced efforts to curb fraud as the measures established in the...
Activity-Based Costing System – Coca-Cola Coca-Cola is one company that currently uses activity-based costing (ABC) system. According to Smyth (2019), the company uses activity-based costing...
High fixed costs bankrupted the Hertz car rental company. Hertz Car Rental Company faced bankruptcy due to high fixed costs. When costs are divided into fixed and variable costs, fixed costs...
The Importance of Timing in the Recording of Purchases and Ethical Standards As the new accountant for Hiller Corporation, I consider the sales transaction done on 8th February to be a transaction...
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