Business, 01.08.2019 11:20 alejandro1102

Josie, an accounting supervisor in monk & sons realty, instructs maria, her employee, to make certain accounting entries in the company's books that will increase revenue. maria researches the matter, confirming her concern that these entries would overstate revenue, and informs josie that recognizing revenue in this manner would be premature and not consistent with gaap. josie disagrees and insists that maria record the entries. the amount of revenue is material to monk's financial statements. according to the aicpa rules, what should maria do first?

Answers: 1

Show answers

Answers

Answer from: ritatarlue24

As indicated by the aicpa rules, Maria ought to talk about her worries with josie's manager.

Further Explanation:

Work of Maria according to Code of professional conduct (AICPA):

The Code of professional conduct (aicpa) in its particular articles obliges Maria to work with uprightness, commitment, objectivity and self-rule, the substance underscores created by the accountant and the game plan of a help of individuals when all is said in done that must be clear to deliver trust in the open eye , in this way, paying little regard to what the administrator says, and maintained by article 55 - section iv - which states: objectivity and autonomy: a part should keep up objectivity and be free of hopeless circumstances in the execution of their commitments. capable obligations. a part out in the open practice must be self-sufficient, believe it or not, and appearance, in the game plan of survey organizations and various affirmations.

AICPA Code of Conduct:

AICPA individuals are bound by the AICPA Code of Professional Conduct. Guideline 201 necessitates that individuals give proficient administrations competency. In the conveyance of individual monetary arranging administrations, a part will stick to the accompanying Principles of Professional Conduct.

Job of AICPA:

It was built up in 1887, and its job is to make and grade the Certified Public Accountant (CPA) assessments. People looking to rehearse as bookkeepers in the United States must breeze through the CPA assessment. AICPA was the main association to make the first monetary bookkeeping guidelines under GAAP.

Subject: business

Level: college

Keywords: Work of Maria according to Code of professional conduct (AICPA), AICPA Code of Conduct, Job of AICPA.

Learn more about evolution on:

Answer from: pikachu20040

The correct answer is Maria must discuss her concerns with Josies’ boss.

Maria should first confirm her query with the Josies’ boss to make the financial statements correct, and according to the AICPA rules.

Further Explanation:

AICPA Code of Conduct:

According to the American Institute of Certified Public Accountants (AICPA), the professionals have to follow the guidelines of the AICPA code of conduct in the United States and it is valid in around 143 countries, and with more than 418,000 professionals. Overstatement of the revenue is violating the rules of the AICPA code of conduct.

AICPA guides its professionals to work with integrity, objectivity, independence, and responsibility.

Learn More:

1. Recording bank accounts

2. Account's accumulated value

3. Trade-offs

Answer Details:

Grade: High school

Chapter: AICPA code of conduct

Subject: Accountancy

Keywords:

Josie, an accounting supervisor in monk & sons realty, instructs Maria, her employee, to make certain accounting entries in the company's books that will increase revenue. Maria researches the matter, confirming her concern that these entries would overstate revenue, and informs Josie that recognizing revenue in this manner would be premature and not consistent with GAAP, Josie disagrees and insists that Maria record the entries, the amount of revenue is material to monk's financial statements, according to the AICPA rules, what should Maria do first, Maria must discuss her concerns with Josies’ boss.

Answer from: Quest

It’s option c for sure

Answer from: Quest

the answer is b. the events might happen and are based on crimes.

Another question on Business

Business, 21.06.2019 14:00

List five words to describe your dominant culture. list five words to describe a culture with which you are not a member, have little or no contact, or have limited knowledge. can someone explain what its meaning?

Answers: 1

Answer

Business, 22.06.2019 06:40

After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?

Answers: 1

Answer

Business, 22.06.2019 07:20

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

Answers: 1

Answer

Business, 22.06.2019 12:40

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

Answers: 3

Answer

You know the right answer?

Josie, an accounting supervisor in monk & sons realty, instructs maria, her employee, to make c...

Questions