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You have recently hired a new assistant, Susan Thompson, who previously worked in a financial accounting office preparing journal entries, which provide you with a recording of the day-to-day activities of the company and financial statements (income statement, statement of owners' equity balance sheet, and cash flow statement). Although your new assistant has experience with and fully understands financial accounting, she has no experience with managerial accounting. Part 1 In a memo to your new assistant, Susan Thompson, complete the following: Explain to her the similarities and differences between financial and managerial accounting. Provide examples of managerial accounting reports that she could expect to see within EEC, and explain how management might use the information to make decisions. Keep in mind that although the income statement, the statement of owners’ equity balance sheet, and the cash flow statement are generated in financial accounting, they are used to develop all of your managerial accounting reports. Examples of a few of those reports are the horizontal analyzes, vertical analyzes, and ratios. Part 2 In a memo to the board of directors, discuss the information found in each of the following financial statements, and describe how accounting information is used by managers for planning and control: Balance sheet Income statement Statement of cash flows Statement of stockholders’ equity .
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Part 1In a memo to your new assistant, Susan Thompson, complete th.docx
Part 1
In a memo to your new assistant, Susan Thompson, complete the following:
Explain to her the similarities and differences between financial and managerial accounting.
Provide examples of managerial accounting reports that she could expect to see within EEC, and explain how management might use the information to make decisions.
Keep in mind that although the income statement, the statement of owners’ equity balance sheet, and the cash flow statement are generated in financial accounting, they are used to develop all of your managerial accounting reports.
Examples of a few of those reports are the horizontal analyzes, vertical analyzes, and ratios.
Part 2
In a memo to the board of directors, discuss the information found in each of the following financial statements, and describe how accounting information is used by managers for planning and control:
Balance sheet
Income statement
Statement of cash flows
Statement of stockholders’ equity
.
Words 1500 - 1700You have recently hired a new assistant, Susan .docx
Words 1500 - 1700
You have recently hired a new assistant, Susan Thompson, who previously worked in a financial accounting office preparing journal entries, which provide you with a recording of the day-to-day activities of the company and financial statements (income statement, statement of owners' equity balance sheet, and cash flow statement). Although your new assistant has experience with and fully understands financial accounting, she has no experience with managerial accounting.
Assignment
In a memo to your new assistant, Susan Thompson, explain to her the similarities and differences between financial and managerial accounting. Provide examples of managerial accounting reports that she could expect to see within EEC, and explain how management might use the information to make decisions. Keep in mind that the income statement, statement of owners’ equity balance sheet, and cash flow statement, although generated in financial accounting, are used to develop all of your managerial accounting reports. Examples of a few of those reports are the horizontal analyzes, vertical analyzes, and ratios.
.
Response 1Part 1Memo Understanding Similarities an.docx
Response 1:
Part 1
Memo:
Understanding Similarities and Differences between Financial and Managerial Accounting
Attention
: Susan Thompson
Susan-
In an effort to get you up to speed on our expectations, I wanted to provide some details on the differences you can expect to see between managerial and financial accounting and provide you some examples from both areas.
Financial accounting is the backbone of the day-to-day functions of accounting. From payables, to receivables to collections, this area ensures all of the outstanding bills and debts are paid so the organization can operate. The details received from the day to day management of financial accounting are provided to stakeholders’, creditors, vendors and management to ensure the organization is being forthcoming and so management can use the data to further the position of the company(MUSE: Financial and Managerial Accounting). Reports provided within financial accounting include the following:
Income Statement
Statement of Owners Equity
Balance Sheet
Cash Flow Statement
Each of these documents is used by managerial accounting team members to help make decisions about the future of the organization.
Managerial accounting is optional. This is a team of managers who are trying to plan for future business and need to understand the ebbs and flows of the business itself and how any of the business segments or areas can function more productivity. One thing to note is that Financial Accounting is handled by external persons who try to ensure the strength of financial decisions whereas Managerial Accounting is managed by internal managers responsible for the success of the organizations. Financial Accounting Reporting for the IRS is mandatory and GAAP accounting rules must be adhered too. Managerial Accounting has no set rules nor are they bound to any oversight group and are not required to provide any sort of mandatory reporting.
Additional reports used to analyze the health of an organization are horizontal and vertical analyzes.
Horizontal analysis is where we take a series of reports year over year and try to determine what trends were in assets, equity, cash flow, etc. Using these reports allows the management team to better understand the business and what could be coming in the future. Vertical analysis is where we analyze financial statements based on entries for assets, accounts, liabilities and equities. We review each of these as a proportion of the total account and try to understand what led to any inconsistencies.
If you need any further clarification regarding these concepts, reporting or analysis, please reach out to me directly.
Thank You
Part 2
Attn: Board of Directors
MEMO
In an effort to help our team better understand how we can use our current and previous accounting information to help plan and control for future business, I have broken down details on four key financial reports we receive regularly. These reports include the income sta ...
Analysis of Financial Statement
Abstract: A financial statement is the lifeblood of any business. People rely on these financial statements to know the condition, performance and ability to efficiently sustain past and future operations of a particular business. The above topic throws light on credentials of financial statement analysis in both theoretical and pragmatic ways. Through this I want to highlight the ways, methods and techniques to analyse the financial statements to determine the position of business, its profitability, future earnings, ability to pay interest, etc. in more detailed manner, which is helpful to extrapolate and forecast the future of a business concern.
How Do you Differentiate in Financial Accounting and Management Accounting?
Financial and management accounting is done by undertaking various measures. In this document we have explained about various financial and management accounting parameters by which they both can be differentiated.
https://www.assignmentdesk.co.uk/finance-assignment-help
2 The Balance SheetLearning ObjectivesAfter reading th.docx
2 The Balance Sheet
Learning Objectives
After reading this chapter, you should be able to:
1. Describe the elements of a balance sheet.
2. Describe the different types of accounts contained in the balance sheet among assets, liabilities, and
shareholders’ equity.
3. Explore the different methods of accounting for inventory (LIFO and FIFO) and the effects on the value
of the inventory.
4. Explain how to create a common-sized balance sheet.
© Yong Hian Lim/iStock/Thinkstock
eps81356_02_c02_045-096.indd 45 3/25/14 3:11 PM
Introduction
Pre-Test
1. What is the purpose of a balance sheet?
a. to show that the books are in balance
b. to give a snapshot of a company’s financial position on a given date
c. to show what the company owns
d. to show what the company owes
2. Which is the basic formula for a balance sheet?
a. Assets minus Liabilities equal Equity
b. Assets equal Liabilities plus Equity
c. Net Assets equal Net Profit
d. none of the above
3. What is the bottom line of the balance sheet shown in account format?
a. Total Assets
b. Total Liabilities and Equity
c. Total Liabilities
d. both A and B
4. What are inventory valuation methods?
a. LIFO and FIDO
b. LIFO and FIFO
c. Average Cost
d. both B and C
5. What is a tool used to compare balance sheets among various companies, large
and small?
a. average balance sheets
b. common-sized balance sheets
c. industry balance sheets
d. no tool available
Answers can be found at the end of the chapter.
Introduction
In Chapter 1, we introduced the members of Best General Company’s budget committee.
In this chapter, the budget committee begins its analysis of the company’s results by tak-
ing a closer look at the balance sheet. To introduce the balance sheet, we have created a
basic one for Best General Company (shown in Figure 2.1). It uses numbers that are much
simpler than the ones that show up on the balance sheets of major corporations. Later in
the chapter we will explore the complex balance sheets of two real-world corporations:
IBM and 3M.
eps81356_02_c02_045-096.indd 46 3/25/14 3:11 PM
Introduction
Figure 2.1: Sample balance sheet for Best General Company
The balance sheet provides a quick snapshot into the overall financial health of an organization as of a
particular date.
Best General Company
Balance Sheet
At December 31, 2013 and 2012
2013 2012
Current Assets:
Cash
Accounts Receivable
Inventories
Other Current Assets
Total Current Assets
Long-Term Assets:
Property, Plant, & Equipment
Less: Accumulated Depreciation
Other Non-Current Assets
Total Assets
Current Liabilities:
Accounts Payable
Short-Term Debt
Other Current Liabilities
Total Current Liabilities
Long-Term Liabilities:
Long-Term Debt
Other Non-Current Liabilities
Total Liabilities
Common Stock
Retained Earnings
Total Shareholders’ Equity
Total Liabilities and Shareho.
1 Creating A Successful Financial Plan
Assignment Writing Service
http://StudyHub.vip/1-Creating-A-Successful-Financial-Plan 👈
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Part 1In a memo to your new assistant, Susan Thompson, complete th.docx
Part 1
In a memo to your new assistant, Susan Thompson, complete the following:
Explain to her the similarities and differences between financial and managerial accounting.
Provide examples of managerial accounting reports that she could expect to see within EEC, and explain how management might use the information to make decisions.
Keep in mind that although the income statement, the statement of owners’ equity balance sheet, and the cash flow statement are generated in financial accounting, they are used to develop all of your managerial accounting reports.
Examples of a few of those reports are the horizontal analyzes, vertical analyzes, and ratios.
Part 2
In a memo to the board of directors, discuss the information found in each of the following financial statements, and describe how accounting information is used by managers for planning and control:
Balance sheet
Income statement
Statement of cash flows
Statement of stockholders’ equity
.
Words 1500 - 1700You have recently hired a new assistant, Susan .docx
Words 1500 - 1700
You have recently hired a new assistant, Susan Thompson, who previously worked in a financial accounting office preparing journal entries, which provide you with a recording of the day-to-day activities of the company and financial statements (income statement, statement of owners' equity balance sheet, and cash flow statement). Although your new assistant has experience with and fully understands financial accounting, she has no experience with managerial accounting.
Assignment
In a memo to your new assistant, Susan Thompson, explain to her the similarities and differences between financial and managerial accounting. Provide examples of managerial accounting reports that she could expect to see within EEC, and explain how management might use the information to make decisions. Keep in mind that the income statement, statement of owners’ equity balance sheet, and cash flow statement, although generated in financial accounting, are used to develop all of your managerial accounting reports. Examples of a few of those reports are the horizontal analyzes, vertical analyzes, and ratios.
.
Response 1Part 1Memo Understanding Similarities an.docx
Response 1:
Part 1
Memo:
Understanding Similarities and Differences between Financial and Managerial Accounting
Attention
: Susan Thompson
Susan-
In an effort to get you up to speed on our expectations, I wanted to provide some details on the differences you can expect to see between managerial and financial accounting and provide you some examples from both areas.
Financial accounting is the backbone of the day-to-day functions of accounting. From payables, to receivables to collections, this area ensures all of the outstanding bills and debts are paid so the organization can operate. The details received from the day to day management of financial accounting are provided to stakeholders’, creditors, vendors and management to ensure the organization is being forthcoming and so management can use the data to further the position of the company(MUSE: Financial and Managerial Accounting). Reports provided within financial accounting include the following:
Income Statement
Statement of Owners Equity
Balance Sheet
Cash Flow Statement
Each of these documents is used by managerial accounting team members to help make decisions about the future of the organization.
Managerial accounting is optional. This is a team of managers who are trying to plan for future business and need to understand the ebbs and flows of the business itself and how any of the business segments or areas can function more productivity. One thing to note is that Financial Accounting is handled by external persons who try to ensure the strength of financial decisions whereas Managerial Accounting is managed by internal managers responsible for the success of the organizations. Financial Accounting Reporting for the IRS is mandatory and GAAP accounting rules must be adhered too. Managerial Accounting has no set rules nor are they bound to any oversight group and are not required to provide any sort of mandatory reporting.
Additional reports used to analyze the health of an organization are horizontal and vertical analyzes.
Horizontal analysis is where we take a series of reports year over year and try to determine what trends were in assets, equity, cash flow, etc. Using these reports allows the management team to better understand the business and what could be coming in the future. Vertical analysis is where we analyze financial statements based on entries for assets, accounts, liabilities and equities. We review each of these as a proportion of the total account and try to understand what led to any inconsistencies.
If you need any further clarification regarding these concepts, reporting or analysis, please reach out to me directly.
Thank You
Part 2
Attn: Board of Directors
MEMO
In an effort to help our team better understand how we can use our current and previous accounting information to help plan and control for future business, I have broken down details on four key financial reports we receive regularly. These reports include the income sta ...
Analysis of Financial Statement
Abstract: A financial statement is the lifeblood of any business. People rely on these financial statements to know the condition, performance and ability to efficiently sustain past and future operations of a particular business. The above topic throws light on credentials of financial statement analysis in both theoretical and pragmatic ways. Through this I want to highlight the ways, methods and techniques to analyse the financial statements to determine the position of business, its profitability, future earnings, ability to pay interest, etc. in more detailed manner, which is helpful to extrapolate and forecast the future of a business concern.
How Do you Differentiate in Financial Accounting and Management Accounting?
Financial and management accounting is done by undertaking various measures. In this document we have explained about various financial and management accounting parameters by which they both can be differentiated.
https://www.assignmentdesk.co.uk/finance-assignment-help
2 The Balance SheetLearning ObjectivesAfter reading th.docx
2 The Balance Sheet
Learning Objectives
After reading this chapter, you should be able to:
1. Describe the elements of a balance sheet.
2. Describe the different types of accounts contained in the balance sheet among assets, liabilities, and
shareholders’ equity.
3. Explore the different methods of accounting for inventory (LIFO and FIFO) and the effects on the value
of the inventory.
4. Explain how to create a common-sized balance sheet.
© Yong Hian Lim/iStock/Thinkstock
eps81356_02_c02_045-096.indd 45 3/25/14 3:11 PM
Introduction
Pre-Test
1. What is the purpose of a balance sheet?
a. to show that the books are in balance
b. to give a snapshot of a company’s financial position on a given date
c. to show what the company owns
d. to show what the company owes
2. Which is the basic formula for a balance sheet?
a. Assets minus Liabilities equal Equity
b. Assets equal Liabilities plus Equity
c. Net Assets equal Net Profit
d. none of the above
3. What is the bottom line of the balance sheet shown in account format?
a. Total Assets
b. Total Liabilities and Equity
c. Total Liabilities
d. both A and B
4. What are inventory valuation methods?
a. LIFO and FIDO
b. LIFO and FIFO
c. Average Cost
d. both B and C
5. What is a tool used to compare balance sheets among various companies, large
and small?
a. average balance sheets
b. common-sized balance sheets
c. industry balance sheets
d. no tool available
Answers can be found at the end of the chapter.
Introduction
In Chapter 1, we introduced the members of Best General Company’s budget committee.
In this chapter, the budget committee begins its analysis of the company’s results by tak-
ing a closer look at the balance sheet. To introduce the balance sheet, we have created a
basic one for Best General Company (shown in Figure 2.1). It uses numbers that are much
simpler than the ones that show up on the balance sheets of major corporations. Later in
the chapter we will explore the complex balance sheets of two real-world corporations:
IBM and 3M.
eps81356_02_c02_045-096.indd 46 3/25/14 3:11 PM
Introduction
Figure 2.1: Sample balance sheet for Best General Company
The balance sheet provides a quick snapshot into the overall financial health of an organization as of a
particular date.
Best General Company
Balance Sheet
At December 31, 2013 and 2012
2013 2012
Current Assets:
Cash
Accounts Receivable
Inventories
Other Current Assets
Total Current Assets
Long-Term Assets:
Property, Plant, & Equipment
Less: Accumulated Depreciation
Other Non-Current Assets
Total Assets
Current Liabilities:
Accounts Payable
Short-Term Debt
Other Current Liabilities
Total Current Liabilities
Long-Term Liabilities:
Long-Term Debt
Other Non-Current Liabilities
Total Liabilities
Common Stock
Retained Earnings
Total Shareholders’ Equity
Total Liabilities and Shareho.
1 Creating A Successful Financial Plan
Assignment Writing Service
http://StudyHub.vip/1-Creating-A-Successful-Financial-Plan 👈
Complete two problems in which you prepare a variety of financial do.docx
Complete two problems in which you prepare a variety of financial documents (income statement, statement of stockholders' equity, and balance sheet), practice using T-accounts, and compute and analyze financial data for hypothetical companies.
Note:
Some of the assessments in this course build upon each other, so you are strongly encouraged to complete them in the order in which they are presented.
Show Less
Preparing accurate financial statements is an essential skill used as the basis for making strategic decisions. The ability to determine the financial impact of transactions is another important skill that all business professionals should possess. T-accounts provide a valuable tool for analyzing the effects of transactions.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
Competency 1: Apply theories, models, and practices of accounting in the construction and analysis of financial statements.
Prepare a summarized income statement for a company using appropriate financial data.
Prepare a statement of retained earnings for a company using appropriate financial data.
Prepare a balance sheet for a company using appropriate financial data.
Create T-accounts for a company using each account on the balance sheet.
Accounting lies at the heart of business performance. Accounting systems classify and record the financial transactions of an organization to reflect the impact of the transactions on the organization's financial condition. Understanding the financial condition of a company, or the impact of particular transactions, requires an understanding of the accounting model and the methods used to record and analyze accounting data.
Show Less
As you examine the accounting model, consider the structure and purpose of its elements as well as the approaches and methods used to discern information from it. Develop an understanding of the structure of financial statements and the important information that they communicate to the knowledgeable reader.
Assessment Instructions
Note:
Some of the assessments in this course build upon each other, so you are strongly encouraged to complete them in the order in which they are presented.
For this assessment, complete Problems 1 and 2. You may use Word or Excel to complete the assessments throughout this course, but you will find Excel to be most helpful for creating spreadsheets. Tutorials for using Excel are provided in the Supplemental Resources in the left navigation menu. If you use Excel, submit the assessment in one Excel document, using separate tabs for each spreadsheet.
Templates for both problems are linked in the Suggested Resources under the Capella Resources heading.
Problem 1: Preparing an Income Statement, a Statement of Retained Earnings, and a Balance Sheet
At the end of its first year of operations (December 31, 2012), the Acme Company released the financial data shown in Table 1 below:
Tab.
Module 2 - BackgroundPrinciples of AccountingConsider that acc.docx
Module 2 - Background
Principles of Accounting
Consider that accounting terms are not always obvious in their meanings. If you are learning terminology or need to clarify a vocabulary item, a good reference for accounting terms is:
New York Society of Certified Public Accountants (2017) Accounting Terminology Guide - Over 1,000 Accounting and Finance Terms. Retrieved from: http://www.nysscpa.org/professional-resources/accounting-terminology-guide#sthash.UMS3kGjf.dpbs
For a glossary of general business terms:
Berry, T. (n.d.) Business terms glossary. BPlans. Retrieved from http://articles.bplans.com/business-term-glossary/
The Annual Report
The annual report is the way a firm summarizes its performance over the past year and where it sets a vision for the future. Publicly held companies (traded on the stock exchange) must prepare annual reports, and annual reports are usually public documents. Investors and the general public use annual reports as sources of information about the financial health of a company. We will be learning about reading annual reports to learn general accounting principles in the context of learning about a company and the industry in which it operates. Although we will not discuss all sections of an annual report, we will touch on the sections that have the most relevance to providing the HRM professional with the most helpful insights into the operations of the firm.
Front matter
This is largely text material that sets the stage for the quantitative data that follows.
The Opening letter to the Shareholders
The opening letter is generally the first section of the annual report and is a statement by the chairman of the board. The letter sets the stage for how the firm’s management wants you to view the report and the previous year’s performance, and so in this sense sets the “strategic intent” of the report. A careful reading of the letter can give context to the numbers that follow by giving you clues of what to look for in terms of goals met – or problems that prevented goal attainment. The firm may be on the verge of explosive growth, or a meltdown.
Sales and Marketing
This section covers the company’s product/service line. Typically, it also contains descriptions of key departments or groups and the work they do. By reading this section, you can deduce what products or services are most important to the firm and which divisions are seen as most critical to its success. This section can also give you clues as to what the future may hold.
The Auditor’s Letter
You might be tempted to skip this section, because it probably seems superfluous (like the terms and conditions acknowledgment on software updates. You know you don’t read those!). However, you should know that by law, a publicly traded firm needs to be independently audited every year. This is to protect the investor, and the auditors will state whether or not the data the company presents is accurate and if they have sufficient controls in place to prevent frau ...
Branches of Accounting What You Need to Know When Writing an Assignment.pdf
Accounting is a fascinating and complex field, so it can be hard to know where to start when writing an assignment. This article will give a couple of supportive tips to fanning out into new areas of bookkeeping. You will be better able to write about the various accounting fields accurately and thoroughly if you comprehend them. When writing your next assignment, keep these suggestions in mind!
Financial Management
hey friends this file is just fr those who like totake study as fun and chalange
Introduction-to-Accounting-Transactions-and-the-Accounting-Cycle.pptx
This PowerPoint presentation on "Accounting Transactions and the Accounting Cycle" provides a comprehensive guide to the key concepts in financial accounting. The presentation covers topics such as the accounting cycle stages, from recording transactions to preparing financial statements. It delves into essential accounting principles, including journal entries, rules of debit and credit, and compound journal entries. The presentation also explains opening entries, relationships between journal and ledger, rules regarding posting, and the importance of trial balance for ensuring ledger accuracy. Additionally, it explores subdivisions of journals, such as sales, purchases, and cash journals. With a professional design featuring a cohesive color scheme and engaging visuals, this presentation aims to enhance understanding of accounting practices.
3 The Income StatementLearning ObjectivesAfter reading.docx
3 The Income Statement
Learning Objectives
After reading this chapter, you should be able to:
1. Examine the elements of an income statement.
2. Describe the accounts that make up an income statement.
3. Describe the different types of profit shown on an income statement.
4. Explore the elements of the statement of shareholders’ equity.
5. Examine and create a common-sized income statement.
© Rudyanto Wijaya/iStock/Thinkstock
eps81356_03_c03_097-132.indd 97 3/26/14 12:54 PM
Introduction
Pre-Test
1. What is the purpose of an income statement?
a. to determine whether the company earned any revenues during the period
b. to determine how much the company spent to make revenues during the
period
c. to determine whether the company made a profit from its operations during
the period
d. to determine the financial position of the company during the period
2. What are the four basic groupings on an income statement?
a. Revenues, Cost of Goods Sold, Expenses, Net Profit/Loss
b. Expenses, Revenues, Inventory, Net Profit/Loss
c. Cash, Expenses, Inventory, Net Profit/Loss
d. Sales, Expenses, Inventory, Net Profit/Loss
3. What type of profit is shown on the income statement?
a. gross profit
b. operating profit
c. net profit
d. all of the above
4. Which of the following is/are found in the statement of shareholders’ equity?
a. treasury stock
b. common stock
c. retained earnings
d. all of the above
5. Which section of the income statement includes information about advertising
expenses?
a. Cost of Goods Sold
b. Sales and Administrative Expenses
c. Other Expenses
d. Advertising information is not found on the income statement.
Answers can be found at the end of the chapter.
Introduction
Successful business owners and department managers often look forward to reading an
income statement (also sometimes called a statement of earnings, statement of income,
statement of operations, or profit and loss [P&L] statement) because it tells them just how
much of a profit they have made in any given accounting period. The statement could be
for a month, a quarter, a year, or some other time period that the manager deems neces-
sary. Most businesses develop monthly, quarterly, and annual income statements.
eps81356_03_c03_097-132.indd 98 3/26/14 12:54 PM
Section 3.1The Sections of an Income Statement
For business owners or managers who are struggling to meet sales goals, the income state-
ment is often no cause for celebration—and may even be a source of dread, if it reveals
that the company is operating at a loss.
Regardless of whether a business is successful or struggling, the income statement is
always extremely important because it discloses the “bottom line,” or net profit/loss.
However, the more important parts of the statement are how the company got to that
number during the period being reported.
In this chapter, we discuss how the numbers are crunched to get to the bottom line, and
explore.
Accountancy and Management Accounting.pdf
Amortization in accounting is a notion that performs an indispensable position in recognizing and spreading the price of intangible belongings over their beneficial life. In less complicated terms, it is like spreading the fee of a price over time rather of recognizing it all at once. Let’s delve into the importance, advantages, and facets of amortization in accounting.
Accounting
Accounting is the recording of financial transactions plus storing, sorting, retrieving, summarizing, and presenting the information in various reports and analyses. Accounting is also a profession consisting of individuals having the formal education to carry out these tasks.
FCAC.pptx
Fundamental concepts of accounting and commerce - Madras University - BCom CS Semester 1 2023-24
What are the 3 types of financial statements.pdf
Financial statements demonstrate the value of operations and show that tax laws and other requirements are being complied with. Document and communicate the company's financial position and growth over time. By being compliant and generating regular financial reports, Business Accountant leaders and managers can spot unique opportunities, proactively mitigate risks, and efficiently prioritize projects to achieve larger goals.
You must Use historical evidence Note where you got .docx
You must:
Use historical evidence
Note where you got your information (text, lecture, specific primary/secondary sources)
Synthesize evidence from as many sources as possible
Pay particular attention to time and place
Organize your response according to the four
categories
of history (5 paragraphs)
a.
Political history
b.
Economics
c.
Social history
d.
Cultural history
e. my
argument would be about
Political history (power)
I have designed this lesson for you to practice synthesizing historical evidence derived from class notes and the textbook (practice for the
exam essay
). Please indicate if you want me to make comments. I will be happy to oblige. Good luck!
Question: What caused the Great War? Overall, which category of history was most influential in fomenting the conflict?
You need to mention all 4 catoegrois and talk about each one of them and last paragraph make your argument.
.
You need to write a 500 words music concert reflection, accorfing to.docx
You need to write a 500 words music concert reflection, accorfing to this reflection, you need to introduce percussion and the song of (Ketawang Kasatriyan, laras slendro pathet sanga), the sounds of flute. Also you need to talk about the wrold music (Ngikhumbuli from south africa; Balia Di Sehu, Arirang from Korean folk song and Balleiakka) Make sure you write the music details in it.
.
More Related Content
Similar to You have recently hired a new assistant, Susan Thompson, who previou.docx
Complete two problems in which you prepare a variety of financial do.docx
Complete two problems in which you prepare a variety of financial documents (income statement, statement of stockholders' equity, and balance sheet), practice using T-accounts, and compute and analyze financial data for hypothetical companies.
Note:
Some of the assessments in this course build upon each other, so you are strongly encouraged to complete them in the order in which they are presented.
Show Less
Preparing accurate financial statements is an essential skill used as the basis for making strategic decisions. The ability to determine the financial impact of transactions is another important skill that all business professionals should possess. T-accounts provide a valuable tool for analyzing the effects of transactions.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
Competency 1: Apply theories, models, and practices of accounting in the construction and analysis of financial statements.
Prepare a summarized income statement for a company using appropriate financial data.
Prepare a statement of retained earnings for a company using appropriate financial data.
Prepare a balance sheet for a company using appropriate financial data.
Create T-accounts for a company using each account on the balance sheet.
Accounting lies at the heart of business performance. Accounting systems classify and record the financial transactions of an organization to reflect the impact of the transactions on the organization's financial condition. Understanding the financial condition of a company, or the impact of particular transactions, requires an understanding of the accounting model and the methods used to record and analyze accounting data.
Show Less
As you examine the accounting model, consider the structure and purpose of its elements as well as the approaches and methods used to discern information from it. Develop an understanding of the structure of financial statements and the important information that they communicate to the knowledgeable reader.
Assessment Instructions
Note:
Some of the assessments in this course build upon each other, so you are strongly encouraged to complete them in the order in which they are presented.
For this assessment, complete Problems 1 and 2. You may use Word or Excel to complete the assessments throughout this course, but you will find Excel to be most helpful for creating spreadsheets. Tutorials for using Excel are provided in the Supplemental Resources in the left navigation menu. If you use Excel, submit the assessment in one Excel document, using separate tabs for each spreadsheet.
Templates for both problems are linked in the Suggested Resources under the Capella Resources heading.
Problem 1: Preparing an Income Statement, a Statement of Retained Earnings, and a Balance Sheet
At the end of its first year of operations (December 31, 2012), the Acme Company released the financial data shown in Table 1 below:
Tab.
Module 2 - BackgroundPrinciples of AccountingConsider that acc.docx
Module 2 - Background
Principles of Accounting
Consider that accounting terms are not always obvious in their meanings. If you are learning terminology or need to clarify a vocabulary item, a good reference for accounting terms is:
New York Society of Certified Public Accountants (2017) Accounting Terminology Guide - Over 1,000 Accounting and Finance Terms. Retrieved from: http://www.nysscpa.org/professional-resources/accounting-terminology-guide#sthash.UMS3kGjf.dpbs
For a glossary of general business terms:
Berry, T. (n.d.) Business terms glossary. BPlans. Retrieved from http://articles.bplans.com/business-term-glossary/
The Annual Report
The annual report is the way a firm summarizes its performance over the past year and where it sets a vision for the future. Publicly held companies (traded on the stock exchange) must prepare annual reports, and annual reports are usually public documents. Investors and the general public use annual reports as sources of information about the financial health of a company. We will be learning about reading annual reports to learn general accounting principles in the context of learning about a company and the industry in which it operates. Although we will not discuss all sections of an annual report, we will touch on the sections that have the most relevance to providing the HRM professional with the most helpful insights into the operations of the firm.
Front matter
This is largely text material that sets the stage for the quantitative data that follows.
The Opening letter to the Shareholders
The opening letter is generally the first section of the annual report and is a statement by the chairman of the board. The letter sets the stage for how the firm’s management wants you to view the report and the previous year’s performance, and so in this sense sets the “strategic intent” of the report. A careful reading of the letter can give context to the numbers that follow by giving you clues of what to look for in terms of goals met – or problems that prevented goal attainment. The firm may be on the verge of explosive growth, or a meltdown.
Sales and Marketing
This section covers the company’s product/service line. Typically, it also contains descriptions of key departments or groups and the work they do. By reading this section, you can deduce what products or services are most important to the firm and which divisions are seen as most critical to its success. This section can also give you clues as to what the future may hold.
The Auditor’s Letter
You might be tempted to skip this section, because it probably seems superfluous (like the terms and conditions acknowledgment on software updates. You know you don’t read those!). However, you should know that by law, a publicly traded firm needs to be independently audited every year. This is to protect the investor, and the auditors will state whether or not the data the company presents is accurate and if they have sufficient controls in place to prevent frau ...
Branches of Accounting What You Need to Know When Writing an Assignment.pdf
Accounting is a fascinating and complex field, so it can be hard to know where to start when writing an assignment. This article will give a couple of supportive tips to fanning out into new areas of bookkeeping. You will be better able to write about the various accounting fields accurately and thoroughly if you comprehend them. When writing your next assignment, keep these suggestions in mind!
Financial Management
hey friends this file is just fr those who like totake study as fun and chalange
Introduction-to-Accounting-Transactions-and-the-Accounting-Cycle.pptx
This PowerPoint presentation on "Accounting Transactions and the Accounting Cycle" provides a comprehensive guide to the key concepts in financial accounting. The presentation covers topics such as the accounting cycle stages, from recording transactions to preparing financial statements. It delves into essential accounting principles, including journal entries, rules of debit and credit, and compound journal entries. The presentation also explains opening entries, relationships between journal and ledger, rules regarding posting, and the importance of trial balance for ensuring ledger accuracy. Additionally, it explores subdivisions of journals, such as sales, purchases, and cash journals. With a professional design featuring a cohesive color scheme and engaging visuals, this presentation aims to enhance understanding of accounting practices.
3 The Income StatementLearning ObjectivesAfter reading.docx
3 The Income Statement
Learning Objectives
After reading this chapter, you should be able to:
1. Examine the elements of an income statement.
2. Describe the accounts that make up an income statement.
3. Describe the different types of profit shown on an income statement.
4. Explore the elements of the statement of shareholders’ equity.
5. Examine and create a common-sized income statement.
© Rudyanto Wijaya/iStock/Thinkstock
eps81356_03_c03_097-132.indd 97 3/26/14 12:54 PM
Introduction
Pre-Test
1. What is the purpose of an income statement?
a. to determine whether the company earned any revenues during the period
b. to determine how much the company spent to make revenues during the
period
c. to determine whether the company made a profit from its operations during
the period
d. to determine the financial position of the company during the period
2. What are the four basic groupings on an income statement?
a. Revenues, Cost of Goods Sold, Expenses, Net Profit/Loss
b. Expenses, Revenues, Inventory, Net Profit/Loss
c. Cash, Expenses, Inventory, Net Profit/Loss
d. Sales, Expenses, Inventory, Net Profit/Loss
3. What type of profit is shown on the income statement?
a. gross profit
b. operating profit
c. net profit
d. all of the above
4. Which of the following is/are found in the statement of shareholders’ equity?
a. treasury stock
b. common stock
c. retained earnings
d. all of the above
5. Which section of the income statement includes information about advertising
expenses?
a. Cost of Goods Sold
b. Sales and Administrative Expenses
c. Other Expenses
d. Advertising information is not found on the income statement.
Answers can be found at the end of the chapter.
Introduction
Successful business owners and department managers often look forward to reading an
income statement (also sometimes called a statement of earnings, statement of income,
statement of operations, or profit and loss [P&L] statement) because it tells them just how
much of a profit they have made in any given accounting period. The statement could be
for a month, a quarter, a year, or some other time period that the manager deems neces-
sary. Most businesses develop monthly, quarterly, and annual income statements.
eps81356_03_c03_097-132.indd 98 3/26/14 12:54 PM
Section 3.1The Sections of an Income Statement
For business owners or managers who are struggling to meet sales goals, the income state-
ment is often no cause for celebration—and may even be a source of dread, if it reveals
that the company is operating at a loss.
Regardless of whether a business is successful or struggling, the income statement is
always extremely important because it discloses the “bottom line,” or net profit/loss.
However, the more important parts of the statement are how the company got to that
number during the period being reported.
In this chapter, we discuss how the numbers are crunched to get to the bottom line, and
explore.
Accountancy and Management Accounting.pdf
Amortization in accounting is a notion that performs an indispensable position in recognizing and spreading the price of intangible belongings over their beneficial life. In less complicated terms, it is like spreading the fee of a price over time rather of recognizing it all at once. Let’s delve into the importance, advantages, and facets of amortization in accounting.
Accounting
Accounting is the recording of financial transactions plus storing, sorting, retrieving, summarizing, and presenting the information in various reports and analyses. Accounting is also a profession consisting of individuals having the formal education to carry out these tasks.
FCAC.pptx
Fundamental concepts of accounting and commerce - Madras University - BCom CS Semester 1 2023-24
What are the 3 types of financial statements.pdf
Financial statements demonstrate the value of operations and show that tax laws and other requirements are being complied with. Document and communicate the company's financial position and growth over time. By being compliant and generating regular financial reports, Business Accountant leaders and managers can spot unique opportunities, proactively mitigate risks, and efficiently prioritize projects to achieve larger goals.
Similar to You have recently hired a new assistant, Susan Thompson, who previou.docx (20)
Complete two problems in which you prepare a variety of financial do.docx
Complete two problems in which you prepare a variety of financial do.docx
Module 2 - BackgroundPrinciples of AccountingConsider that acc.docx
Module 2 - BackgroundPrinciples of AccountingConsider that acc.docx
Branches of Accounting What You Need to Know When Writing an Assignment.pdf
Branches of Accounting What You Need to Know When Writing an Assignment.pdf
Introduction-to-Accounting-Transactions-and-the-Accounting-Cycle.pptx
Introduction-to-Accounting-Transactions-and-the-Accounting-Cycle.pptx
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Adolescence Discussion (Discussion 4)
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50-100 word reply post
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Submitted on time
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Adolescence is a critical life stage for every human being, it is when we start to find our self, what we really like and who we are; also the stage when we are most concern of what people think of us. If you grow old with that set of mind that people are always watching and judging you then you are never going to truly become your own self. You need to grow of that fear and realized that everyone, even the popular kids that seems to have everything handled, are going through the same.
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SOAP note
Evaluation of priority diagnosis
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Maximum Points
Introduction
The submission included a general introduction to the priority diagnosis.
10
Subjective Data
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15
Objective Data
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Assessment
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20
Plan of Care
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25
Evaluation of Priority Diagnosis
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