Categories
Accounting

You must have at least two outside sources, which can include the textbook and the fisher and krumwiede article.

Instructions
As you have learned throughout this course so far, financial statements play a significant role in all aspects of accounting. For this assignment, you are to retrieve a journal entry-flow of production from your current employer. If your employer will not provide an entry, you may use this Sample Financial Analysis Statement .
After selecting the financial statement(s) to use, you will need to read the following article:
Fisher, J. G., & Krumwiede, K. (2015). Product costing systems: Finding the right approach. Journal of Corporate Accounting & Finance, 26(4), 13–21. https://libraryresources.columbiasouthern.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=102202378&site=ehost-live&scope=site
Once you have read the article, address the following questions based on both the article and your chart(s):
– analyze your current system using the three dimensions of convenience, correctness, and costs of implementation;
– correlate your current company’s product cost design abilities by answering the four key product design questions; and
– employ strategies for how businesses can better present financial statements for other businesses or financial institutions.
Your assignment must be at least two pages in length, not counting the title and references pages. You must have at least two outside sources, which can include the textbook and the Fisher and Krumwiede article. Adhere to APA Style when creating citations and references for this assignment.

Categories
Accounting

– the aims of the paper – an overview of the scientific literature in the field of the topic

– the context of the research
– the aims of the paper
– an overview of the scientific literature in
the field of the topic
– details about the research methods used
by authors in obtaining results
– substantiation

Categories
Accounting

Follow each instruction on each page for each question, its accounting read the describtiond and answer rhe question fully

follow each instruction on each page for each question, its accounting read the describtiond and answer rhe question fully

Categories
Accounting

Specifically, pick two control weaknessed we established and suggest a documentation each to assess the control weakness.

Based on the Stellen TEK case study, please suggest two additonal sources of documentation (in class we looked at hiring and termination documents) an IT auditor should request from the client to corraborate the information provided. Specifically, pick two control weaknessed we established and suggest a documentation each to assess the control weakness.

Categories
Accounting

Overview

Please review calculations
Competency
In this project, you will demonstrate your mastery of the following competency:
Evaluate financial statement components for adherence to accounting principles and methods
Apply accounting principles and methods to current assets and liabilities
Overview
As a professional accountant, you are responsible for adherence to accounting principles and methods when working with clients. Depending on your specific market that you will work in, it is important to know how large to small businesses should organize their finances. This project gives you the opportunity to put that skill set into practice by reviewing transactions of a small business just starting up. Remember, you will more than likely work with a range of clients over your professional career and may need to explain the process and provide rationale for the financial processes and procedures to ensure they are successful in maintaining their financial records.
As with any financial records, accuracy is key. It is imperative to keep accurate and complete records. You will have the opportunity to correct any errors in the previous Milestone Journal Entries and Milestone Inventory tabs.
You will notice as your work through both projects, that you will need to provide more than just the numbers. You will need to explain the financial data and provide evidence of your calculations. This will prepare you with a solid foundation as a future accountant.
Scenario
You are a professional accountant who is working with a small sporting goods store, Batter Up, to prepare their financial statements for the current fiscal year. Because the company is a start-up and small, the accounting is done manually in Microsoft Excel. You have been given the accounts and information you need to prepare their financial statements. You will need to use your understanding of the balance sheet accounts for current assets and liabilities to report accurate information to the finance department.
Directions
Using the scenario provided, complete the following in the same file, Project One Workbook Template, that includes your original work from Project One Milestone and the feedback from your instructor. All work should be completed in the VDI.
Project One Workbook: Correct Journal Entries, Inventory Tabs, Ledger Accounts, Income Statement and Balance Sheet
Correct all Journal Entries from Project One Milestone by using the Corrected Journal Entries and Corrected Inventory tabs.
Highlight the corrected errors in green.
Complete the Ledger Accounts, Income Statement, and Balance Sheet tabs in the same Workbook based on the Corrected Journal Entries and Corrected Inventory tabs.
Upload the completed Project One Workbook Template for submission.
Note if you received a perfect score on the Project One Milestone and do not need to correct any errors, simply note it in the designated section within the Corrected Journal Entries tab. You will receive full points for that specific criteria for this assignment.
Project One Analysis Paper
Complete an analysis of the information contained in the completed Project One Workbook Template including your revisions.
It will need to be formatted in APA style; specific formatting can be found in the What to Submit section.
It will need to address all of the rubric criteria for the Project One Analysis Paper below.
Specifically, you must address the following rubric criteria:
Project One Workbook
Correct all errors for the Journal Entries and Inventory tabs of the workbook. Highlight corrections in green.
Prepare the current assets and liabilities accounts accurately and completely on the Ledger Accounts tab in the workbook.
Prepare the current assets and liabilities components accurately and completely on the Income Statement and Balance Sheet tabs in the workbook.
Project One Analysis Paper
Summarize the financial components included in the current assets and liabilities section of the Balance Sheet for the given company.
Justify the difference between current assets and liabilities. Include the following details in your response:
Explain why the balance sheet is arranged the way it is.
Determine if the same asset or liability can have both short-term and long-term components and provide your rationale.
Explain how variances in data can be detected for current assets and liabilities using relevant tools.
Justify why footnotes for current assets and liabilities are important in decision making for the company. Include the following details in your response:
Explain why the balance sheet amounts alone are not sufficient in providing the information needed in decision making.
Explain why FIFO is the best choice for this given company.
Cite the applicable FASB codification section for the following items as a list: cash and cash equivalents, inventory, and receivables.
If you need writing support, access the Academic Support module of your course.
What to Submit
To complete this project, you must submit the following:
Completed Project One Workbook Template
Submit the same file submitted for the Project One Milestone with your instructor feedback the following tabs completed: Corrected Journal Entries, Corrected Inventory, Ledger Accounts, Income Statement, and Balance Sheet. The Ledger Accounts, Income Statement, and Balance Sheet tabs should be based on the Corrected Journal Entries and Corrected Inventory tabs. This work should be completed using Microsoft Excel in the VDI. Remember to save your file on your OneDrive before exiting the VDI.
Project One Analysis Paper
Submit your APA style 3- to 4-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style.

Categories
Accounting

– substantiation

– the context of the research
– the aims of the paper
– an overview of the scientific literature in
the field of the topic
– details about the research methods used
by authors in obtaining results
– substantiation
– VOX Viewer

Categories
Accounting

As you read, take notes and make a list of (a) words or phrases that appear repeatedly, (b) repetition in problems or issues being studied, and

In this assignment, you will explore and describe current research trends in your chosen field during the past two years. The work you do will help you identify an issue for your mini-literature review paper. You will identify the trends through a review of the table of contents and abstracts for one peer-reviewed scholarly journal from a list that will be on files
To complete this assignment, you will use a variation on a research method known as content analysis. This application of this method could help you
identify important concerns in your field reflected in the words and phrases mentioned most. This is the research question you are trying to answer.
are current research trends in my field during the past two years?
You will access the journal website and read titles, abstracts, and key words (if available) for all articles contained in each issue produced over a two-
period. As you read, take notes and make a list of (a) words or phrases that appear repeatedly, (b) repetition in problems or issues being studied, and
names of authors who publish frequently.
The 3 page write-up must include: in APA format
Write-up a brief summary of your findings as answers to the following questions.
What words or phrases appear repeatedly in the titles of the articles?
What problems or issues are being studied most often?
What are the most commonly used keywords?
Who are the names of authors who are published most frequently?
Provide a cover page with this assignment in which you include the following information:
• Your name
The date
The names of the journal you reviewed and link to their website
Answers to the following questions
What are the strengths of this paper? What are you pleased with?
• What difficulties did you face in responding to this assignment? How did you deal with them?

Categories
Accounting

Complete exercises #1-16 on pages 226-230.

This assignment covers the material in Chapter 7. Complete exercises #1-16 on pages 226-230.
https://brytewave.redshelf.com/accounts/login/
Login for Textbook:
Username: J02145977@jwu.edu
Password: Sincere1!

Categories
Accounting

What are the implications of the efficient market hypothesis on accounting standard setting and financial reporting?

In a 2-3 page, double-spaced paper, explain the efficient market hypothesis in your own words. What are the implications of the efficient market hypothesis on accounting standard setting and financial reporting?

Categories
Accounting

In 2015, rovio entertainment corporation announced that its revenues for 2014 decreased nine percent compared to those of 2013; even worse, its earnings had decreased by 73% (read the article, investors take flight after angry birds maker warns on profitlinks to an external site.).

Prior to beginning work on this discussion, please read the Investing Newsletter of Forbes Operating LeverageLinks to an external site.. The Finnish company Rovio Entertainment CorporationLinks to an external site. that produces and sells the game Angry Birds, following years of falling earnings, job cuts and divestments announced that its revenue increased 34% in 2016 to 190 million euros ($201 million dollars). According to Rosendahl, the operating result improved to a profit of 17.5 million euros from a loss of 21 million in 2015, increasing earnings by 83% (Rosendahl, 2017). In 2015, Rovio Entertainment Corporation announced that its revenues for 2014 decreased nine percent compared to those of 2013; even worse, its earnings had decreased by 73% (Read the article, Investors Take Flight After Angry Birds Maker Warns on ProfitLinks to an external site.).
After reading Forbes’ Investing Newsletter, in an initial post of at least 200 words, explain why relatively small changes in companies’ revenues can result in relatively large changes in their earnings or losses. In other words, if a company’s sales increase 12%, why do its earnings not also increase 12%?
https://www.accountingtools.com/articles/operating-leverage

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https://www.reuters.com/article/us-rovio-results/investors-take-flight-after-angry-birds-maker-warns-on-profit-idUSKCN1G60OB