Accounting

Objective: Analyze a bank’s financial statements. Each student must select a bank that you want to learn more about, and then download the financial statements of that bank. ? Report Type: Uniform Bank Performance Report (UBPR) Data: Download balance sheets and income statements for your bank for 2 recent consecutive quarters to have a meaningful discussion of your results. Requirements: 1. Describe the services your bank provides. 2. Provide an overview of the Balance Sheet and the Income Statement. a) Describe and analyze the components of both (you will also want to report the data as a percent of total assets). 3. Measure and evaluate the performance of your bank given different profitability ratios. Some important variables are: a) Net Interest Margin b) ROE c) ROA 4. Provide a breakdown of return on assets (ROE = ROA × Equity Multiplier) Write-up: Use font size 12, double-spacing, and 3-4 pages. Include a summary and conclusion section. Include Bank Balance Sheet/Income Statement, tables, and all calculations in an appendix, which could have any number of pages. Round your results to 2 decimal places, and where applicable show your results as a percent of assets. To Submit: Submit your write-up and presentation in the Dropbox folder on D2L. Presentations: Will take place during the last week of classes. Presentations should address topics such as Requirements 1-4. Plan for a 10-minute presentation.

“IT Skills” Please respond to the following: 1. While it is understood that the CIO should set an example for the IT organization, determine the top three things that the head of IT should be doing to improve the skills of the IT staff. 2. Having staff with the proper skill sets is immensely important to accomplishing corporate objectives. List and support three best practices in staffing future organizational needs.

Discussion on the importance of managerial accounting as a “decision-making tool” in your organization. 

On January 1, the Matthews Band pays $65,600 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During the first year, the band performs 45 concerts. Compute the first-year depreciation using the straight-line method. Straight-Line Depreciation Choose Numerator: / Choose Denominator: = Annual Depreciation Expense Cost minus salvage ? / Estimated useful life (years) ? = Depreciation expense $ 63,600 ? / 5 ? = $ 12,720 ?

What are the steps of the accounting cycle? Describe each in your own words using specific examples. What are the outputs of the accounting cycle? Why are they important? Identify and explain the purpose of each financial statement, including how they are interrelated. Why is the accounting cycle important to a business? Evaluate the significance of the accounting cycle in terms of its practical relevance for businesses. In your response, be sure to give specific examples of why certain steps are necessary. Address at least three different steps in your evaluation.

 In particular research the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) certification. What is the difference between the two?Which one is more applicable to Managerial Accounting? Which one is more applicable to Financial Accounting? In your post discuss each of these certifications.

You have been assigned to analyze the accounting information for a Fortune 500 corporation. From the e-Activity, evaluate which tools you would use to analyze its business processes, indicating your rationale.On the other hand, resources, such as accountants, business analysts, and I/T specialists who rely on documentation tools, will need proper training on these tools. You have been given the responsibility of familiarizing your team with these tools. Evaluate which techniques, in terms of their appropriateness, you would use to get your team ready for its first assignment—the evaluation of a firm’s internal control structure.

develop the following: – Comprehensive business models for Start ups and existing companies – Valuation & funding model for Investors presentation & fund raising – Pro-forma financial statement with multiple case scenarios – Financial statements break even analysis – Charts- Gantt, waterfall, football field, line / bar, scattered etc – Financial modelling & analysis: DCF, LBO, relative val. comparable, waterfall, others – Financial statements: Income statement, balance sheet, cash flow, BRS – Inventory Management: LIFO, FIFO, $Value LIFO, Weighted Avg. – Major KPIs: NPV, IRR, NOI, Margins, multiples and ratio analysis – Custom financial calculators, models, dashboard and summary – Financial plan and feasibility study for start up ventures

Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve operational and financial performance.

The syndicate started experiencing growth at all business units. It culminated in an increase in profit margin. As a market leader, the company started investing cripplingly in other ventures therefore widening its portfolio. Such is a story of a certain thrilling Ghanaian own business. Management thought it wise to employ more labour to beef up the shortfall of their employees. Kofi Antobam was lucky to be employed after several years in search of a white colour job. The opportunity had finally come. As part of his job description, he was expected to canvas for customers and possibly deploy all marketing strategies at his disposal to retain the hard-won customers. Coming from a very strong ethical background, and an orphan as well, he gave out all his best to secure the job for good. Growing up as a Christian, with a strong religious background he tried to respectfully lure customers to patronize the company through all ethical means. Antobam was voted for as the senior staff worker for three consecutive years in a row. The reason being that he was the only customer service person who has been meeting its target. Other workers kept wandering and wanted to know from him the strategies to attain that height. The cold breeze started to blow against the company’s fortunes and the business started growing from bad to worse. Crunch meeting was held and the final decision from management was that some of the workers should be laid off and other departments should be closed down. Customer service was first to be hit. Over 35 customer service personnel were affected and Kofi Antobam has not left out very sad news but a blessing in disguise. Toughness mentality is the only ingredient needed to start this kind of business that Antobam had in excess. He pulled resources together to start his micro finance scheme. He already had a pool of customers and they were ready to transact business with him. He started with no funds but a year later he was having a profit of 5000 Ghana Cedis and plough back into the business and started issuing out loans and that was his breakthrough from grass to grace.Your answer should be based on the case study.Question 1In your opinion do you think Antobam is an entrepreneur or not. Justify your submission with an underlined concept.      (100 words) 15 marks.Question 2What could be the possible options available to Antobam if he decides to own a business?