acc 563 week 5-7 discussion questions

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Please number each answer accordingly.

 

5a.From the e-Activity, analyze the most important approach to working capital management. Create an argument that asserts that this approach is the least efficient method for managing working capital. Recommend at least two (2) improvements to managing working capital. Provide a rationale for your response.

 

5b.Propose at least two (2) other financial items that are not currently included in working capital, but should be. Provide support for your answer.

 

 

6a.From the e-Activity, formulate a strategy that your company could use in order to break assets into components for depreciation purposes under IFRS. Support your strategy with examples.

 

 

6b.From the e-Activity, take a position as to whether you believe that revaluation under IFRS is a more or less accurate financial statement representation of asset values than the GAAP approach. Defend your position.

 

 

7a.Debate it! Deferred taxes are an unfair loophole that must be closed. Provide a rationale for your response.

 

7b.Imagine your boss has asked you to “cook the books” and increase earnings this quarter in order to compensate for lower revenues than expected. Create a scenario where you would manipulate taxes in order to increase revenues. Support your scenario with examples of such manipulation.

 

 

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