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Legal aid lawyers work for private, nonprofit organizations for disadvantaged people. They generally handle civil cases, such as those about leases, job discrimination, and wage disputes, rather than criminal cases. Environmental lawyers deal with issues and regulations that are related to the environment. They may represent advocacy groups, waste disposal companies, and government agencies to make sure they comply with the relevant laws. Tax lawyers handle a variety of tax-related issues for…

of understanding the clients business and industry Auditors are required to have sufficient knowledge of the client’s entity to be able to understand and identify practices and transactions, which can have a significant impact on the financial statements or on audit reports (Abbott et al, 2003). This can consist of knowledge an auditor can use to assess inherent and control risks, and also in planning the nature and extent of audit procedures. Carey and Simnett (2006) suggest…

completely change the way it is recognized and measured for accounting purposes as per the Australian standards. The main motive behind the introduction of this section is to identify how the non-monetary assets shall be represented in the financial statements. (Deegan 2012) Firstly, the recognition of the assets has a strict rule to abide by. There are many points to consider before the recognition and as well the revaluation and assessment of the same. Many internally generated intangible…

The cultural event that I visited was the Chrysler Museum of Art located in Norfolk, Virginia on July 31, 2016. Before the museum was named the Chrysler Museum of Art it was the Norfolk Museum of Arts and Sciences. Walter Chrysler, Jr. came to Norfolk, Virginia in 1971, bringing with him, collections of art in the thousands. Walter Chrysler, Jr. contributions to the museum are among many other artists that have contributed to the museum as well. This was not known when I entered the museum.…

I will be looking at the Tesco Plc Annual Report and Financial Statements 2014 in this week’s learning journal since it is the company I chose in my week 1. Before I delve into discussing whether I think they use accrual-based account or cash-based accounting I will like to define the terms. Accrual basis accounting simply means the process of recording revenue and expenses as they take place even though there has not been an exchange of cash, while, cash basis accounting as the name typifies is…

Week THREE Discussion: The Balance Sheet for the Colon Cancer Alliance The Statement of Financial Accounting Standards (SFAS) 117 exists to “enhance the relevance, understandability, comparability of financial statements issued by nonprofit organizations”, making nonprofit financial statements as readable and usable for stakeholders as those of for-profit businesses (Financial Accounting Standards Board as cited in McLaughlin, 2009). It also offers a concise presentation of the accounts as…

Bob Evans Farms Inc. has posted overall positive quarterly results during its prior fiscal year. It has continued to report positive net income and repurchased 1.3 million shares of its company to better control and manage it's next business ventures. Thus, the board authorized pursuit of a $200 million sale-leaseback transaction to select portions of its properties. Additionally, the company has reported a 21 percent increase in the first quarter's 2016 non-GAAP operating income that reflects…

PURPOSE: This memo describes the issue of emission allowances as intangible assets and the accounting treatment to correctly show this kind of assets on the statement of cash flows. SUMMARY - Classification in the Statement of Cash Flow of the purchase made on April 2, 2010, of emission allowances from Clean Air Corp. - Classification in the Statement of Cash Flow of the sale made to Dirty Chemical Corp. for emission allowances with the vintage year of 2016. - Correct classification of the…

Objectives of Shared Savings Program: o Shared savings agreement offers a transparent and consistent way to work with providers to manage cost of care effectively, and to improve clinical KPIs and align incentives o To successfully implement the FQHC strategic alliance program (SAP), Affinity incorporates risk adjustment in its existing process to better understand a provider’s performance and peer-to-peer comparison 1. Individual member risk scores will adjust the provider’s revenue to account…

Different governments across the world enact different acts to different business and investors in order to help them in curbing specific challenges facing various business. The provisions of this acts apply in both public and private companies and overs the major responsibilities that are expected to be carried out in order to ensure this provisions of the act are followed. In the following discussion we are going to look at Sarbanes-Oxley Act which was a United States federal law. Question…