1) What is more important from the standpoint of inventory costing: accrual accounting or valuation?

2) Under what condition would all four methods of inventory pricing produce exactly the same results?

3) Why is misstatement of inventory one of the most common means of financial statement fraud?

1) In what way does internal control contribute to faithful representation in its financial statements?

2) Why is it important for public companies to have an audit of management's assessment of internal controls?

1) What accounting concepts are violated by the direct charge-off method of recognizing uncollectable receivables?

2) Why is it advantageous for a company to finance its receivables?

1) Do adjusting entries involving estimated liabilities and accruals ever affect cash flows?

2) Why is present value one of the most useful concepts in making business decisions?