Prepaid Rent and Unearned Service Revenue are examples of accounts that do not need to be adjusted at the end of the accounting period

Discuss ways in which managers can link the concept of punishment and rewards as a form of behavior modification

What will be an ideal response?

How does the lack of global accounting standards affect U.S.-based companies?

A) Unethical U.S. companies will use whichever standard creates the most benefit for them. B) Using standards in countries where they do business allows for greater opportunity in the international market. C) Reporting performance in a variety of consolidated statements for global affiliates will minimize understanding, thereby minimizing attempted leveraged buyouts. D) There may be inconsistent and conflicting information that create confusion for stakeholders. E) Assets can be values according to one standards, revenue and debt according to other standards, in an overall goal of presenting positive performance levels.