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Accounting | Accounting homework help

  1. Discuss four different aspects of a decision that a business should evaluate in order to maximize profits and be a good corporate citizen.
  2. How does a CPA’s need for independence differ from that of other professions?
  3. Differentiate between a cost center and a profit center.
  4. A CPA can be sued for a variety of wrongful acts involving personal professional acts. Name a few.
  5. Discuss the legal liability an accounting professional has, including how a CPA is protected.
  6. “Substance over time is a recipe for failing to achieve comparability between accounting statements of different businesses.” Discuss.
  7. List and discuss some limitations of the International Financial Reporting Standards (IFRS). What organization(s) is responsible for creating and enforcing the IFRS?
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