Throughout this course you need to use prior accounting knowledge. You are presented a continuing case analysis. In this case, it is assumed that you are a recent hire at a CPA firm. In some scenarios you are asked to conduct research and arrive at a solution. In other scenarios you are asked to prepare calculations. Unless otherwise stated, consider each assignment independently.
Assume that you have been hired by a CPA firm, Johnson & Johnson, CPAs. You are starting as a staff accountant and have been assigned your first client. The client is Smith Manufacturing, Inc. The client is in its second year of operations.
The project encompasses multiple situations that are encountered in an accounting firm. You prepare journal entries, financial statements, budgets, and analysis. In addition, you provide guidance on tax issues, technology solutions, business expansion, and ethical issues.
Locate the AICPA’s Code of Professional Conduct. Assume that you are a CPA in public practice. Explain how this Code affects your practice. Be sure to cite the sections which you are referencing.
Please make this paper 1-2 pages and in APA format.
Please include a reference page and site sources within the paper.
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