Accounting

MT217M2: Analyze financial statements ratios used to measure the financial performance of a business entity.GEL-1.03: Demonstrate college-level communication through the oral delivery of original materials in Standard English.GEL-6.05: Adapt research skills to discover and sort relevant sources to complete tasksFinancial statement analysis is the process of analyzing a company’s financial statements to make better economic decisions. The process for financial statement analysis includes specific techniques for evaluating risks, performance, and future prospects of an organization.DirectionsThis Assessment is separated into four parts. In Part 1 of this Assessment, you will begin by researching and summarizing four of the benefits of financial analysis and indicating which is the most significant to you. In Part 2  of this Assessment, you will define and properly classify the financial classifications and ratios listed below.  In Part 3 of this Assessment, you will calculate and explain the significance of the Liquidity, Profitability, and Market Value financial ratios, and provide a year to year comparison of assessed financial trends. In Part 4 of this Assessment, you will compose an analytical essay in a minimum of 350 words reporting the one financial measurement trend you find to be most significant.Use the Word template provided to complete your Assessment.Minimum Submission Requirements1.This Assessment should be in a separate Microsoft Word document. Use this template for your Assessment.2. Respond to the questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions. Your paper should be highly organized, logical, and focused.3. Your paper must be written in Standard English and demonstrate exceptional content, organization, style, grammar, and mechanics.4. Your paper should provide a clearly established and sustained viewpoint and purpose.5. Your writing should be well ordered, logical and unified, as well as original and insightful.6. A separate page at the end of your paper should contain a list of references, in APA format. Use your textbook, the Library, and/or the internet for research.Be sure to cite both in-text and reference list citations were appropriate and reference all sources. Your sources and content should follow proper APA citation style. Review the APA formatting and citation style resources found in the Writing Center. The Writing Center can be found in the Academic Success Center in the Academic Tools area of your course. (It should be in Times New Roman 12-point font, include correct citations, Standard English with no spelling or punctuation errors, and correct references at the bottom of the last page.)If work submitted for this competency assessment does not meet the minimum submission requirements, it will be returned without being scored.PlagiarismPlagiarism is an act of academic dishonesty. It violates the University Honor Code, and the offense is subject to disciplinary action. You are expected to be the sole author of your work. Use of another person’s work or ideas must be accompanied by specific citations and references. Whether the action is intentional or not, it still constitutes plagiarism.For more information on the Plagiarism policy, refer to the current Catalog.Directions for Submitting Your Course Assessment

Assume that ABC Company is a small specialty retail store. Ratios are relevant when assessed over time or across companies. IBIS is a comprehensive resource containing market research and statistics, which can be used to compare ABC Company to the industry and leaders in the industry.I have uploaded the Income statement and the IBS sheets to base off ofShow the computation of the three ratios.Comment on the purpose and information conveyed by each ratio.What did you learn about ABC Company by reviewing the three ratios?What is your conclusion about the profitability of the company?How successful is ABC Company relative to the industry average and leaders in the small specialty retail store industry? Write two paragraphs or more. Include ratiosfound in the IBIS database to support your conclusion.Do not use an essay format

Please read the Graham et al. and discuss why  and how management forecast can destroy firm value.Why are managers willing to give up the options that increase firm value in long-term?  Is this behavior related to agency cost?How?

Memo 1: Positive MessageAssignment: As the Human Resources Manager at XYZ Industries, Inc., it is your pleasure to announce the addition of annual performance-based bonuses for mid-level managers and above.  These bonuses will require annual performance reviews to discern the amount of the bonus.  Draft a memo explaining this scenario to this specific group of employees.The format of your memo tells your employees a lot about your sensitivity and professionalism. Since you do not want to upset any employees unnecessarily, you should also be conscious of your wording when explaining culturally-sensitive subjects.  Pay particular attention to your memo’s margins, line spacing, font type and size, and placement of memo parts such as the addressees, subject line, and body.•    Address the memo to all mid-level managers and above at your company. Recommended OrganizationHeader:  Begin your memo with the four standard memo heads (Date, To, From, Subject).   Body/Discussion:  In the first paragraph of the body, start off with the good news.  Memos do not begin with greetings or salutations.  Explain what factors could have contributed to this new development (i.e. increased sales, raising stock price, etc.) and why the decision was made to reward employees with the surplus funds.The second paragraph is where you explain the new process that the employees can expect.  Outline the way that reviews will be handled, and by whom.  Feel free to be creative (yet somewhat realistic) when outlining how the performance scores will translate into bonuses (i.e. tier system, seniority, contribution value).In the third paragraph, be sure to validate any anticipated concerns employees may have about this adjustment.  Explain the greater benefit in the long-term this decision provides and conclude your memo by indicating how the reader may contact you if he/she has any questions.  In general, this section should be “short & sweet,” making sure that the employees know what is expected of them. 

Module 4 – Case Assignment The case assignment will be in the form of the following: (1) Formal Paper – One page addressing the questions within the prompt There is no title page, no table of contents. Although APA style is not graded, it is recommended. This assignment is due no later than Sunday at 11:59 pm (PST). All sources should be properly cited in the body of your paper and listed in a references page at the end of your paper. (2) Excel File (Embedded within Word Document) – Illustrating your response to the below prompt. (A) Formal Paper – The Accounting Cycle In your paper, discuss the various steps of the Accounting Cycle. Provide good descriptions in each step, and provide examples when warranted. Please include a references section for any used outside sources. Please go to the presenation tab and in Module 4 of that tab you will find a Word Template entitled – “Module 4 – Case Assignment – Paper and Excel File Template”. Please note the following: (1) Please use this Word document to type your one page paper.    (2) You will notice that there is an embedded excel table within the document. Please use the excel file within the document to answer Part (2) of your Case Assignment (noted below). (B) Excel File Prompt – Adjusting Entries In the Excel File embedded within the Word Document, you will find the Marina Corp. Trial Balance as of December 31, 2012. Below you will find important information as it pertains to the preparation of the adjusting entries needed to both properly match revenues and expenses for the period and reflect the proper balances in the real and nominal accounts. You are the staff accountant for Marina Corp, and your task is to enter the treatment of each adjustment within the “Adjustents” column, along with providing the final balances for the “Income Statement” and “Balance Sheet” within the Trial Balance. In addition, you must journalize these adjustments within the General Ledger. The treatment of transaction (a) has been answered. Please follow the same formatting as what it noted within the spreadsheet. There are two tabs within the Excel File: (1) Worksheet, (2) Adjusting Entries. Below are the transactions you are responsible for adjusting: a) Winsor determined that one percent of sales will become uncollectible. b) Depreciation is computed using the straight-line method, with an eight-year life and $1,000 salvage value. c) Salesmen are paid commissions of 10% of sales. Commissions on sales for the last week of December have not been paid. d) The note was issued on October 1, bearing interest at 8%, due Feb. 1, 2013. e) A physical inventory of supplies indicated $340 of supplies currently in stock. f) Provisions of a lease contract specify payments must be made one month in advance, with monthly payments at $800/mo. This provision has been complied with as of Dec. 31, 2012. Note – Your Excel File is to be completed within the Word Document. Submission – You will be submitting one word document (template provided). This document is to contain the following: (1)  Your one page written prompt (2)  Your Completed Excel Prompt Powered by TCPDF (www.tcpdf.org)

Module 8 – Signature Assignment Welcome to the final module of the course! The signature assignment will be in the form of the following: (1) Excel File – For your signature assignment, we will be targeting the Statement of Cash Flows. The preparation of this statement is extremely important as it provides additional resources to management for planning and comprehension of the current period activity. You will be provided an Excel Template which you will use to answer the prompt. (A) Excel File Prompt – Statement of Cash Flows Your goal is to prepare a Statement of Cash Flows within the problem noted below. In the Excel Template provided, you will find the Balance Sheet of Marina Comp for December 31, 2013. In addition to the information on the Balance Sheet, we are presented with the following additional data related to current year operations: Net income for the year 2013, $66,000. Depreciation on plant assets for the year, $12,700. Sold the long-term investments for $28,000 (assume gain or loss is ordinary). Paid dividends of $25,000. Powered by TCPDF (www.tcpdf.org) Purchased machinery costing $21,500, paid cash. Purchased machinery and gave a $60,000 long-term note payable. Paid a $40,000 long-term note payable by issuing common stock. Using tab 2 in the Excel Template – (2) Cash Flows Statement – prepare a statement of cash flows (using the indirect method) for 2013 for Marina Company. There are a few answers inputted into the Statement to help get you started on the preparation.

Effective teachers must be able to draw from a variety of strategies in order to respond to different, challenging student behaviors. Teachers can apply these strategies to remind students of expectations, redirect behavior, and positively respond to expected behavior in the classroom. Review the Behavior Intervention Plan (BIP) Example. Then, use the “Behavior Intervention Plan (BIP) Template” to complete this assignment. Identifying one student from the “Class Profile” who would benefit from additional intervention, complete a behavior intervention plan to include: ·         Behavior ·         Goals and how they will be measured ·         Interventions and Frequency of Interventions ·         Person Responsible In a 500-750 word essay, describe strategies teachers can use to respond to challenging behavior during classroom instruction. Your essay should address the following topics: ·         Describe and provide implementation examples of the following strategies: specific praise, choice making, effective group contingencies, contingent instructions, and time-out. ·         Describe how or if these communication strategies can be used to motivate and encourage individuals with disabilities how to adapt to different learning environments. ·         Discuss any cautions related to using each strategy. ·         Describe the decision making process that teachers use when deciding how to intervene on challenging behavior when engaged in instruction. Support your findings with a minimum of two scholarly resources.

Module 4 – Case Assignment The case assignment will be in the form of the following: (1) Formal Paper – One page addressing the questions within the prompt There is no title page, no table of contents. Although APA style is not graded, it is recommended. This assignment is due no later than Sunday at 11:59 pm (PST). All sources should be properly cited in the body of your paper and listed in a references page at the end of your paper. (2) Excel File (Embedded within Word Document) – Illustrating your response to the below prompt. (A) Formal Paper – The Accounting Cycle In your paper, discuss the various steps of the Accounting Cycle. Provide good descriptions in each step, and provide examples when warranted. Please include a references section for any used outside sources. Please go to the presenation tab and in Module 4 of that tab you will find a Word Template entitled – “Module 4 – Case Assignment – Paper and Excel File Template”. Please note the following: (1) Please use this Word document to type your one page paper.    (2) You will notice that there is an embedded excel table within the document. Please use the excel file within the document to answer Part (2) of your Case Assignment (noted below). (B) Excel File Prompt – Adjusting Entries In the Excel File embedded within the Word Document, you will find the Marina Corp. Trial Balance as of December 31, 2012. Below you will find important information as it pertains to the preparation of the adjusting entries needed to both properly match revenues and expenses for the period and reflect the proper balances in the real and nominal accounts. You are the staff accountant for Marina Corp, and your task is to enter the treatment of each adjustment within the “Adjustents” column, along with providing the final balances for the “Income Statement” and “Balance Sheet” within the Trial Balance. In addition, you must journalize these adjustments within the General Ledger. The treatment of transaction (a) has been answered. Please follow the same formatting as what it noted within the spreadsheet. There are two tabs within the Excel File: (1) Worksheet, (2) Adjusting Entries. Below are the transactions you are responsible for adjusting: a) Winsor determined that one percent of sales will become uncollectible. b) Depreciation is computed using the straight-line method, with an eight-year life and $1,000 salvage value. c) Salesmen are paid commissions of 10% of sales. Commissions on sales for the last week of December have not been paid. d) The note was issued on October 1, bearing interest at 8%, due Feb. 1, 2013. e) A physical inventory of supplies indicated $340 of supplies currently in stock. f) Provisions of a lease contract specify payments must be made one month in advance, with monthly payments at $800/mo. This provision has been complied with as of Dec. 31, 2012. Note – Your Excel File is to be completed within the Word Document. Submission – You will be submitting one word document (template provided). This document is to contain the following: (1)  Your one page written prompt (2)  Your Completed Excel Prompt Powered by TCPDF (www.tcpdf.org)

Discuss the interrelationship of the cash flow statement to the other financial statements. In your discussion comment and explain operating activities, investing activities, and financing activities. What is the difference between an indirect and a direct cash flow statement? Which is GAAP? Respond to Another Student: Respond to 2 of your fellow classmates with a reply of at least 100 words about his or her primary task response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions: What did you learn from your classmate’s posting? What additional questions do you have after reading the posting? What clarification do you need regarding the posting? What differences or similarities do you see between your posting and other classmates’ postings?

According to your textbook, auditors have to make judgments concerning materiality on every audit. Since the auditing standards give no formal guidance for how to determine materiality, auditors must rely on their own experience. Determine at least three qualitative factors that affect the auditor’s judgment. Provide a rationale for your response. According to the textbook, auditors rely on the audit risk formula to determine the types and amount of audit evidence to collect in order to keep the overall audit risk of engagements to a minimum or below defined tolerable limits. Suggest an alternative to the audit risk equation in order to mitigate audit risk. Support your rationale with examples of the successful use of the alternative strategy.