Accounting

Prior to beginning work on this assignment, read Chapter 4, “ Financial Forecasting,” in the textbook and review the Personal Budget Resource. Watch the Week 1 Journal video above with Brenda Forde, Program Chair of MBA. For this journal, complete two months of the Personal Budget Template. Then, reflect on your personal budget information and numbers from your completed Personal Budget Template. You may complete the template using your own personal financial data, which will make the activity more meaningful, or hypothetical numbers. Discuss the most important concepts and facts you learned. For example, were there any surprises in the amount or category of your expenses? Your reflection should be a minimum of 350 words.

For this discussion forum, Select a company, review the latest financial statements, and calculate the working capital. If possible, try to select a company that a fellow classmate has not already selected. Examine the company’s cash, marketable securities, accounts receivables, and inventory. Discuss any issues as well as positives with the company’s working capital and current asset management. Assess the company’s short-term financing needs and potential sources of funds. Be sure to think strategically and apply the concepts from the course textbook.

Describe the company you researched in 1–2 paragraphs. Discuss how an Activity-Based Costing (ABC) system can be implemented in the company you researched and the benefits that the use will yield to the business performance. Assess how using an ABC system can provide a competitive advantage to the company in the e-commerce marketplace for which it competes and the resulting impact to the business performance. Examine the potential impact of ABC costing on e-commerce activities compared to those provided through traditional channels, considering how this knowledge will impact decisions made by management about these services.

mike, one of the marketing strategists on your team, stops at your office door wanting to talk. “We use fabrics that are made domestically; however, there are issues with using these same fabrics globally. There are laws and regulations that prevent us from shipping these fabrics to other countries. This is a huge concern. One of our primary selling points is the consistency of the quality of our product.” You confirm Mike’s concern, “That’s an excellent point,” you say. “Now you’ve just given yourself and our team more work for the presentation. I’m sure that will come up. One of the board members used to run a textile plant in China.” Mike nods his head in agreement. “I imagine textiles will not be the only resource concern,” he says. Consider the following in your response: Why should resources be a concern in a global strategy? What resources may be a concern in the country you selected? How will this impact the decision to move to the country that you selected? How will this impact your competitive strategy in your global market? Review the reference materials on global strategy as there is information that may assist with the assignment.

Compare and contrast the views of management and accountants regarding the changes required by the Sarbanes-Oxley Act on internal controls and how these changes have affected corporations, accounting firms, and investors. Your paper must be formatted according to APA 6th edition guidelines, and you need to use at least one external reference.

A2-55 Ethics involved with assigning costs to inventory (Learning Objectives 4 & 5) ETHICS Brandon is the production manager of a large manufacturing firm. He is worried about the prospect of bonuses for the upcoming year. The company has paid out bonuses for the past ten years, so Brandon has been counting on the bonus to help pay some debts he has accumulated over the year. In addition, Brandon and his wife are expecting their first baby in two months. Due to the unexpected downturn in sales, bonuses appear to be unlikely this year. Ryan is the accounting manager for the company. He and Brandon are good friends. Over lunch one day, Brandon confides in Ryan about his financial difficulties. He is stressed out over the bills and the baby on the way. He really needs that bonus. Ryan wants to help Brandon. Ryan has been with the company for many years and knows that fundamentally the company is strong. This year is just an unusual year. He thinks about ways that he can help Brandon. Brandon is a good employee, and the company does not want to lose him if he were to go to work for a competitor. Ryan thinks about how he can best help Brandon. He thinks about a few different options, including the following: Option #1: Ryan could increase income for the year by adding sales commission costs and advertising costs to the products. If he does this, the product cost will be higher. However, there is still a large inventory of units on hand. The units that are still in ending inventory will shield these costs from decreasing net income until the units are sold in a future year. Option #2: Ryan could quietly make Brandon a loan from the company to help him get back on his feet. The company does not have a policy prohibiting loans to employees, but neither does it have a policy of allowing such loans to employees. Ryan does not know what to do. Requirements Using the IMA Statement of Ethical Professional Practice as an ethical framework, answer the following questions: A. If Ryan were to increase income by adding sales commission costs and advertising costs to product costs as described in Option #1, what ethical principles would be violated? B. If Ryan were to make a company loan to Brandon (Option #2), what, if any, ethical principles would be violated? C. What do you think Ryan should do in this situation?

Identify and Describe at Least Two Healthcare Related Managerial Issues with Solutions and Policies: Identify least two Healthcare related managerial issues related to your job role.  Provide the proposed solutions and the policies for addressing the healthcare-related managerial issues.   Exercise sound business and financial management principles in health care settings through process mapping and strategic planning. All assignments must target the content application while using two variables: the job choice and the case assigned by the faulty It is Monday morning. Your supervising manager just sent you an email saying that a consulting company will be compiling all the knowledge for the “Lessons Learned” session to be held at a later date. Due to this “Lesson Learned” session, you will need to develop 5-6 pages paper addressing the requirements for the report. Make sure to incorporate the appropriate references and citations, while editing the complete document for style and formatting. Utilize appropriate subheadings and transitional statements to develop a cohesive report. The report is due Tuesday by 11:30 PM EST in week 8 of the course.  Your report should include: (Note: This report should reflect the information learned throughout the course based on your job role, your collaborative team learning experience, and should be applied based upon the selected course’s case study. One could view this report as a detailed summary of the information learned that addresses each of the items below.)  The briefing paper format is explained at https://www.edu.gov.mb.ca/k12/cur/socstud/frame_found_sr2/tns/tn-21.pdf. Make sure to follow the sub-headers and remember to arrange the information appropriately. TIPS: 1. Make sure to incorporate the feedback that was received throughout the class. 2. Make sure to demonstrate critical thinking skills on the level of application and analysis (See Syllabus) 3. Follow the format and APA guidelines. Ensure a reference page with all the sources is provided and include APA formatting in-text citations throughout the briefing report.   4. Do not make general or common-sense statements. The information presented must be concise and targeting executive-level managers.  5. Anyone who reads the Briefing Report should be able to understand how the specific case was analyzed by the managerial team and what issues, solutions, etc. were targeted. (Remember! Do not recall the concepts. Apply them to the case from the position of your role.)

Reply to the Management’s Discussion and Analysis of the 2019 State of Texas CAFR Report below. The Comprehensive Annual Financial Report published by state and local governments each year is an overall look at the financial condition of the government in question. This report has many uses and is looked at as essential information by government workers, voters, and investors alike. The report indicates, over time, the increases and decreases in net positions and measures whether the State’s financial position is improving or deteriorating” (The Bond Buyer, 2018). The CAFR for the State of Texas is no exception.     The Management’s Discussion and Analysis section of CAFRs is valuable in conducting research and formulating forecasts that rely upon historical information. Also, bond rating agencies and bond buyers use CAFRs to evaluate a local government’s financial situation (Berman, 2014). The State of Texas discloses some very important information in it is Management Discussion and Analysis section that indicate the financial health of the State and how it has managed public funds, debts, and overall economic growth. Four of the points indicated in this section were highlighted as particularly important.     The first point is that in the government and business-type activities sections, capital assets and total liabilities went up compared to the previous year of 2018. Capital assets did rise at a faster than the liabilities side, so the overall debt to asset ratio improved in 2019. The second point of interest is that total program revenues were lower in 2019 due to the business-type activities according to the report’s Changes in Net Position section. This is important since total revenues only increased approximately $1,000,000,000 while total expenses increased almost $10,5000,000,000, and this information offsets the positive report on the State’s debt to asset ratio.   The third point of interest is that the State of Texas’ outstanding bond debt rose by $2,500,000,000 during the year of 2019. This information is concerning when considering that 2019 was a solid economic year for the State generally. This trend must be watched to ensure a deficit does not remain the State’s default annual, financial outcome. And the final point is that of the overall economic condition of the State of Texas at the end of 2019. The best indicators of economic growth for the State are the job creation numbers, which were up over 336,000. This number was higher than another other State in the same period, and the unemployment rate fell to the third lowest rate among the top ten most populous states. The information from these four points combined indicate a slightly improved economic position for the State of Texas in the year 2019 with several point of concern in the debt obligation and revenue departments.     As Christians, government account should be extremely important to everyone. Romans 14:7-8, 12 NASB says “For not one of us lives for himself, and not one dies for himself. For if we live, we live for the Lord, or if we die, we die for the Lord; therefore whether we live or die, we are the Lord’s. So then each one of us will give an account of himself to God.” In the United States of America, we are blessed with a democratic republican system of government. This means a government that should serve the needs of the people it represents. This means that every person ought to desire accurate and detailed financial reporting for each area of government. Every citizen has a stake in governmental accountability, and the CAFR is an important component in said accountability.

1. Why do economists and statisticians use samples to draw inferences from data? 2. What roles do variation and sampling error play in determining statistical significance? 3. Provide an example of how these concepts can be applied in the real world.  4. How could or should the biblical passages alter our worldview as students of business?

As a trainee management accountant, you are supplied with the following information. Sales for October, November, and December are expected to be £200,000, £180,000, and £220,000, respectively. All sales are “on-credit” and a 2% cash discount is given if paid within 30 days. Sales are collected 50% in the month-of-sale and 50% in the following month. Accordingly, one-half of all sales discounts accounted for (on average). Materials are purchased one month before being required, and all purchases and expenses are paid for as they happen. Activities for the quarter are expected to be: October November December Materials used £40,000 £36,000 £44,000 Salaries £70,000 £68,000 £72,000 Maintenance and repairs £18,000 £18,000 £18,000 Depreciation £36,000 £36,000 £36,000 Utilities and other £14,000 £14,000 £14,000 Dividends paid £10,000 Payment on bonds £8,000 £8,000 £8,000 Required: Using the given information, calculate the budgeted net cash flow for November. (30% of the marks) Part B: Browning Ltd. has the following budgeted sales for the selected six-month period: Month Unit Sales June 15,000 July 20,000 August 35,000 September 25,000 October 30,000 November 20,000 There were 7,500 units of finished goods in inventory at the beginning of June. Plans are to keep an inventory of finished product equal to 20 percent of the unit sales for the next month. Three kgs of materials are required for each unit produced. Each kg of material costs £20. Inventory levels for materials equal 30 percent of the needs for the next month. Required: (a) Prepare production budgets in units for July, August, and September. (15% of the marks) (b) Prepare a materials purchases budget in kgs and £s for July, August, and September. (30% of the marks) (c) Briefly explain any criticisms of the traditional budgeting system, and how budgeting relates to “management performance evaluation”