8/27 Cost Accounting Chapter 1

Question 1

Transactions and Translation

Answer 1

chapters 11 and 12

Question 2

We jump around on the chapters

Answer 2

true

Question 3

Ch 17 and 18

Answer 3

governmental accounting

Question 4

Chapter 1 homework is due thursday

Answer 4

you have to have read chapter 1 and have done the homework

Question 5

homework is due on date listed

Answer 5

but he may or may not collect it. He reserves the right to collect it

Question 6

Slides

Answer 6

will be posted online, he will post the authors and his when there are changes

Question 7

Additional Info

Answer 7

these are his 500 pages of research or so that is additional to help us understand the material

Question 8

Tests

Answer 8

there are three tests,
the second midterm is comprehensive, but the final is not. don’t fall behind
show your work, otherwise you will not get full credit if you guess, unless you have work you will not get full credit if you get it right

Question 9

Class period before the test

Answer 9

we will have a discussion from students questions

Question 10

Not Required Material

Answer 10

It says on the syllabus which things we will not cover

Question 11

Final

Answer 11

Friday on test week

Question 12

Homework

Answer 12

Answers are posted

Question 13

Acquisitions

Answer 13

Because of regulations these are going to increase

Question 14

Departmental Quiz Objectives

Answer 14

1. Ascertain the appropriate consolidated balance sheet values at the date of acquisitions
2. Apply the equity method of accounting for investments.
4. Understand the calc. and required disclosures of the results of foreign currency transactions
5. Determine appropriate balance sheet values that result from foreign currency translations
6. Understand the basic disclosure requirements under current gov financial standards

Question 15

Quizzes

Answer 15

there are scheduled quizzes and unscheduled quizzes. be prepared

Question 16

Class Assignments

Answer 16

There will be in class assignments

Question 17

Participation

Answer 17

Is now ten points. email him questions and ask questions because this is only his view of if you participated. Every week you can follow where you sit with those participation points

Question 18

Late Assignments

Answer 18

Homework is due within one hour of the end of class

Question 19

Make up Quizzes and Exams

Answer 19

Notify him within 48 hours it is $5

Question 20

Grading

Answer 20

these are updated weekly, you have two weeks to correct a grade with me, it is on a curve. he can’t give everyone A’s

Question 21

End of Semester Evaluations

Answer 21

Talk to him about problems, he will evaluate the criticism

Question 22

Tests

Answer 22

No cheat Sheets

Question 23

Chapter 1

Answer 23

Notes

Question 24

Reasons for Enterprise epansion

Answer 24

size often allows economies of scale
new earning potential
earnings stability through diversification
management rewards for a bigger company size
Prestige

Question 25

Subsidiary

Answer 25

is a corp that is controlled by another corporation, P vs S are separate legal entities

Question 26

Manipulation of Financial Reporting

Answer 26

the use of subsidiaries or other entities to borrow money without reporting the debt on their balance sheet
using special entities to manipulate profits
manipulation of accounting for mergers and acquisitions
Pooling of interest allowed for manipulation
The FASB did away with those

Question 27

Two Types of expansion

Answer 27

Internal Expansion,

Question 28

Internal Expansion

Answer 28

Investment Account = BV of net assets (Sub)

Question 29

External Expansion

Answer 29

the parent buys the Sub and they receive stock in it