managerial accounting 243591

FMAC 503 Final Individual Assignment December 2012 Guidelines Please communicate your answer in a simple, clear way. Show all of your work in a Word document. Fit your work onto 8 ½ x 11 inch pieces of paper. Single space. Use Arial 12 font. Include a brief header containing your name on each page. Number each page. Do not include a table of contents. Clearly structure your response to correspond to the structure of the assignment (e.g., “Part C, Q. 1”). Print the word count at the end of each problem that has a word limit. Do not retype the problem.

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FMAC 503 Final Individual Assignment December 2012 Guidelines Please communicate your answer in a simple, clear way. Show all of your work in a Word document. Fit your work onto 8 ½ x 11 inch pieces of paper. Single space. Use Arial 12 font. Include a brief header containing your name on each page. Number each page. Do not include a table of contents. Clearly structure your response to correspond to the structure of the assignment (e.g., “Part C, Q. 1”). Print the word count at the end of each problem that has a word limit. Do not retype the problem. The multiple choice questions (part A) require only a letter answer. You do not need to re-type the question or the answer, other than the letter that corresponds with your choice. For example, just write, c You may provide a brief explanation or assumption to explain your reasoning if some part of a question is unclear to you. An answer template is provided in appendix 1 for recording your responses to Part A. Please copy and paste this table into your assignment submission. THIS ASSIGNMENT IS AN INDIVIDUAL ASSIGNMENT. YOU SHOULD WORK ON YOUR OWN. DO NOT COMMUNICATE OR COLLABORATE WITH ANYONE ELSE, NOR COMPARE NOTES. YOUR SUBMISSION SHOULD REPRESENT YOUR OWN WORK. A marking template is provided in appendix 2 for your information. Part A – MULTIPLE CHOICE AND TRUE/FALSE (12 questions x 1 mark each = 12 marks). Use the template in appendix 1 to respond to each of the questions in this part. Choose the one alternative that best completes the statement or answers the question. The globalization of business activity has resulted in which of the following? Increased corruption and unethical behavior. FASB and IASB working jointly on a project to converge accounting standards. The requirement that major Canadian companies use International Financial Reporting Standards as of January 1, 2011. All of the above. b and c. (see Plumlee, p. 8 as well as Fraser ch. 1) Which statement best describes the retained…

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