Question
In March 2020, OSU purchased a new software package, WORKDAY, which consolidates finance, HR, enrollment, and CANVAS activities. WORKDAY cost $29m, on account, and has
In March 2020, OSU purchased a new software package, WORKDAY, which consolidates finance, HR, enrollment, and CANVAS activities. WORKDAY cost $29m, on account, and has an expected 15 year life. WORKDAY is going online on 6/30/20, the exact day of OSUs FYE.
1a. What is the Accounting Transaction at date of sale?
1b. What is the Accounting Transaction at FYE?
2a. What are the Audit procedures at the date of sale?
2b. What are the Audit procedures at FYE?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
