Give examples of problems that manifest themselves in accounting department?

Briefly discuss the difference between billable revenue and collections. Consider how a medical office might be helped or hindered by a disparity between receivables and collections.

How to account for Letter of Credit in the Books of Accounts of the Company ?

In which inventory pricing procedure the oldest costs incurred rarely have an effect on the end inventory valuation?

Why is the development of credit policies critical to the organization?

Rates and ratios are often interpreted as same. Differentiate between the two giving at least two examples.

Which failure and unexpected problem do you remember in your resposibilties?What about the reason for this ?How did you react?Which conclusion did you draw from that?What would you do different today in a similar situation?

What are the major areas of difference in financial accounting and reporting practices observed around the world ? In what areas are there substantial similarities ?

What are the benefits and costs of segmental reporting? Evaluate the quality of segmental reporting by multinational enterprises generally and by US.

A companys' prinicpal activity is to buy land for development. It is like investing in land and then developing it. Do you treat this land as available for Sale or fair value through statement of income? Give the answer to comply with the International Financial Reporting Standard (IFRS)