Latest News - Accounting

Financial Disclosure

Financial Disclosure What disclosures should the company report for segment purposes? A part of an endeavor that may win incomes and bring about costs, and about which the board assesses separate...

ZOU Fencing

ZOU Fencing What are the key considerations when evaluating the design and testing of the operating effectiveness of internal controls in conjunction with a financial statement audit? Include...

Depreciation

Depreciation Select one financial statement item from the list below: LIFO vs. FIFO Inventory Goodwill Depreciation The concept of depreciation tends to manifest following the procurement of assets...

Inventory

Inventory For each issue mentioned above, describe issues the auditor should consider when determining which locations to visit to physically observe the client’s inventory count. The...

Tax Application on Properties

Tax Application on Properties List the primary authorities relied upon in answering parts b-d below: The Tax Cuts and Jobs Act — signed into law on December 22, 2017 — gave birth to a...

Asset Retirement Obligation

Asset Retirement Obligation  Section ASC, 410-20 of U.S. GAAP gives the guidelines for accounting obligations for retiring tangible long-lived assets (Deloitte, 2018). The asset retirement cost is...