Accounting

Explain your interest in the major you selected and describe how you have recently explored or developed this interest inside and/or outside the classroom. You may also explain how this major relates to your future career goals. If you’re applying to the Division of General Studies, explain your academic interests and strengths or your future career goals. You may include any majors or areas of study you’re currently considering. Limit your response to 300 to 400 words.

Identify the factors that influence the amount of cash/bank balances an organisation will hold at anyone time. You will need to consider the following questions.  Why do organisations hold some of their assets in the form of cash? What are the costs of holding too much cash? What are the costs of having too little cash? To what extent are the reasons for holding cash similar to those for holding stock? I have included 2 examples that you can use and reword please do not just copy these.

Read the resource article How to Structure the Purchase or Sale of a Business, then post the pros and cons of structuring a sale of a business as a stock transaction versus a sale of assets.

Prior to beginning work on this assignment, read Chapter 2 in the textbook, which explains the contents of balance sheets and gives you a foundation of knowledge to complete this assignment. Next, review the article, Reading a Balance Sheet. Also, you might want to review How to Read a 10-K before beginning. Choose a publicly held corporation and find the balance sheet and notes to the financial statements in the most recent Form 10-K. The Form 10-K can be located by going to the home page of the U.S. Securities and Exchange Commission and locating the SEC EDGAR Database. Look under the Filings tab for EDGAR search tools. If you need help, try the tutorial, How Do I Use EDGAR? Write a three to four-page, APA-formatted paper that reviews the current assets, accounts receivable, other current assets, equipment, property, current liabilities, long-term debt, and stockholders’ equity of the company you chose. Based on your review, present a recommendation to a friend who is thinking about investing in the company. What are the strengths and weaknesses and what strategy would you recommend? Use and cite three credible and relevant resources (plus the textbook) in your evaluation and recommendation. In your paper, Analyze a company’s Balance Sheet and notes as found in the company’s Form 10-K. Evaluate the company’s strengths and weaknesses. Describe a strategy for investment. Use three credible and relevant resources (plus the textbook) to support recommendations. The Balance Sheet Analysis and Recommendation assignment Must be three to four double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style Must include a separate title page with the following: Title of paper Student’s name Course name and number Instructor’s name Date submitted For further assistance with the formatting and the title page, refer to APA Formatting for Word 2013. Must utilize academic voice. See the Academic Voice resource for additional guidance. Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper. For assistance on writing Introductions & Conclusions as well as Writing a Thesis Statement, refer to the Ashford Writing Center resources. Must use at least three credible sources in addition to the course text. The Scholarly, Peer Reviewed, and Other Credible Sources table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment. Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List resource in the Ashford Writing Center for specifications. Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.

1. If you were to start up your own business (or if you already have), which form of business would you likely choose?  Explain why you would make that choice, incorporating the advantages and disadvantages of that form of business as discussed in your text and how those would influence your decision. 2. What impact do you think the form of business has on the company’s accounting, including the presentation of equity accounts in the financial statements?

How do public accountants differ from management accountants? Who are the key users of the accounting information? What type of information does each stakeholder group need? Financial statements are prepared using generally accepted accounting principles (GAAP). What group is responsible for establishing these principles, and what goals guide their formulation? Why are many generally accepted accounting principles likely to change in the future? State the accounting equation and define each of its terms. What elements contained on a balance sheet? How is this structure related to the accounting equation? You have a company’s balance sheet, its income statement, and its statement of cash flows. Which would you refer to in the following situations: If you wanted to know if a company made a profit last year. If you wanted to fin out whether the firm had any intangible assets. If you wanted to know why its cash balance had changed over the past year. If you wanted to know how much debt the firm had used to finance its assets. If you wanted to know what the firm’s operating expenses were for the past year. Describe the three basic categories of cash flows reported by a statement of cash flows. Give examples of specific cash flows in each category. Identify and describe the basic elements of an income statement. Explain how the accrual basis of accounting guides the way information on the income statement is reported. What is the purpose of an external audit by an independent CPA firm? How does an auditor go about conducting an audit? What is the purpose of budgeting? What is the master budget, and what are its major components? How does a top down budgeting process differ from a bottom up approach, and what are two advantages and two disadvantages of each. Describe the key differences between financial accounting and managerial accounting. How do management accountants view cost? How do implicit costs differ from explicit costs? Give two examples to illustrate the difference.

In this project, you will write a memo to give tax advice to someone that is making an important decision for an organization.  You may put yourself in a position that is either internal (e.g. employee) or external (e.g. public accountant, consultant, attorney), and you should identify yourself and the person to whom you write, both by name and title.

Assume that you are a CEO of a medium-sized company that needs a significant influx of cash for several expansion projects. As the CEO, you must determine whether your company should remain private or go public. Some companies postpone going public due to the unpredictability of economic and market conditions. Consider the ramifications of both alternatives. Construct an argument for and against going public. Write a 4 page paper in which you: 1-Outline three ways in which a medium-sized private company may benefit from going public, providing a rationale for each. 2-Create an argument that the same goals may be achieved if the company remains a privately held entity. Provide support for the argument. 3-Suggest four leading financial ratios that will be evaluated and how each will affect the company’s decision to obtain expansion funds. Determine whether the results of the ratios would alter the decision to go public. By researching the results of SOX compliance surveys, assess the financial effect that SOX might have on a company if it decides to go public. Considering the impact of SOX compliance, take a position as to whether your company can overcome the challenges posed by SOX compliance if the decision is to go public. Based on research, support the decision by identifying the potential advantages and disadvantages that SOX may have on the company. Provide specific examples. 4-Make a recommendation as the CEO regarding the alternative (i.e., going public or staying private) that will best support the company’s expansion goals. Support the position.

First, search the internet for the official website of your local city government or a city that interests you. After reviewing the website, locate the latest comprehensive annual financial report (CAFR) available on the website. For example, both the City of Sacramento and the City of Phoenix have their most recent CAFRs online within an accounting/financial section. Use the financial statements you locate to address the following questions: How does the audit opinion given to this city by its independent auditors differ from the audit opinion rendered on the financial statements of a for-profit business? A reconciliation should be presented to explain the difference between the net changes in fund balances for the governmental funds (fund financial statements) and the change in net position for the governmental activities (government-wide financial statements). What were several of the largest reasons for the difference? Did the CAFR contain all required components, and what was your impression of how the information was reported? What are some significant differences you see between the report you just reviewed and a for-profit statement?

The final paper for my Practicum Course will be a 2-page essay discussing your experience at work during the course. Paper must address the following questions: How did your experience at work correlate to your education in accounting at San Jacinto College? Is there anything that you particularly saw or did at your job in which you were able to use your knowledge from school? Is there anything that you learned or did in the accounting program that you believe was not essential to your job? Is there anything that you would like to see added to the accounting program here at San Jac that would provide additional skills, knowledge, or professional opportunities based on your experience at work this semester? My Job is a part time job at Truck Sales company position accounting assistant, I work with Invoices, charts, excel, truck sales with QuickBooks., etc.