Accounting

Respond to the discussion question below, using appropriate accounting  vocabulary . Support your answers with examples and research and cite your sources using the APA format. You own an automobile parts company and have been approached by a leading car manufacturer to supply parts to the company. How would you determine that the car manufacturer has a good record of servicing sales and paying its suppliers? What are the signs you would look out for in the financial statements for the possibility of bad debts? What are the advantages and disadvantages of allowing customers to make purchases on credit?

Respond to the following in a minimum of 175 words: How are resource decisions affected by the global market and world events? Provide a real-world example. Do you think governments should have the power to influence the global market?

You are required to discuss the importance of the financial statements and the significance of outside auditors to the financial reporting process.  -APA -400-500 Words -No cover page needed

General Instructions: For this case, you will be responsible for preparing a memo in a Word document to address the situation. Memo formats are available in Word under File, New, Search on Professional Memos or Memos for options. You can select a format or create your own memo in Word. If you create your own, be sure to follow general memo format rules such as Link  (Links to an external site.) (Links to an external site.)Furthermore, the link contains helpful information in the format of the body of a memo ie. single spacing, flush to the left margin no indent, etc.  Detailed Instructions: In a business setting, we are often asked to write a memo to communicate with internal and external professionals. This assignment further advances your communications within an organization through the use of a memo. Background: As the senior accountant at Technology on Demand (TOD), which manufactures mobile technology such as flip phones, smartphones, notebooks, and smartwatches, you are an active employee in the budgeting process. For years now, employees have not been in favor of budgeting. In fact, department managers have often expressed their degree of stress and feeling uncomfortable about the budget process and performance evaluations. This year, Michelle Dodd, the controller, wants to try a different approach to promote employee support of the budget and, in turn, the organizational goals. With more employee feedback, the upper management can develop a more inclusive, advanced budgeting tool. The controller asks you to develop a memo to be sent to department managers with a courtesy copy (cc) to the controller. The memo will introduce the new budget approach and the advantages of budgeting. The new budget approach is a participative budgeting process as opposed to less input on the part of employees. The desire is for department managers to obtain feedback from their team in order to submit a more collective budgeting tool for consideration from their area of responsibility.  In consideration of the background, prepare a memo in a Word document to submit to the department managers with a cc to the controller. Your first paragraph would be an invitation to a budget workshop to be held in a few weeks on September 21st in the main conference room from 2:00pm to 4:00pm. Next, you will explain that the workshop will discuss a participative budgeting process. Therefore, you will need to explain what a participative budgeting process means. Next, you will want to explain the advantages of budgeting. This will set the tone for the upcoming workshop. Therefore, it is important to name and discuss at least three or four reasons why budgeting is important to the TOD organization. Finally, add a closing paragraph to encourage managers to attend the meeting, be prepared to ask questions on behalf of their team, and to offer initial ideas for relevant projects for TOD. You will be graded based on following instructions, critical thinking, well-developed response, clear and concise, and mechanics such as grammar, punctuation, and sentence structure. Please see the enclosed rubric for more details. Save your document as Module #:  Assignment # – Case Name Your Name. It is acceptable to abbreviate the file name. Be careful:  Plagiarism checker is turned on for this assignment. To avoid plagiarism, please be sure to follow APA 7th edition format and cite the reference(s), where needed.

Discuss the following: Refer to the Chapter 8 textbook reading. Who can be found guilty of business crime and what is the key to establishing criminal liability? Using the Internet, research and post an example of a business crime committed in the last two years and any and all who were held criminally liable. (See the examples of types of business crimes in the chapter reading.) Include your source for information in your answer. When it comes to crime and privacy protection in the workplace, do private employees have a reasonable expectation of privacy? What about public employees? Why or why not? What is the test for the tort of invasion of privacy? If management’s interest is to make sure its employees are productive, can management monitor computers, workstations, phones, et cetera? Why or why not? Please substantiate your answers and provide for resources per SWS requirements.

Click the link above to submit your assignment. Assignment: Ethics in Accounting Due Week 9 and worth 170 points Effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the businesses world have resulted in legislation to ensure adequate disclosures and honesty and integrity in financial reporting. A sound economy is contingent on truthful and reliable financial reporting. Instructions: Read the following scenario. Answer the questions that follow. This will be a 2-3 page submission in a question and answer format (also in paragraph form). An introduction and conclusion is not required. Refer back to your textbook for guidance on how to think through the scenario. You have been recently hired as an assistant controller for XYZ Industries, a large, publically held manufacturing company. Your immediate supervisor is the controller who also reports directly to the VP of Finance. The controller has assigned you the task of preparing the year-end adjusting entries.  In the receivables area, you have prepared an aging accounts receivable and have applied historical percentages to the balances of each of the age categories.  The analysis indicates that an appropriate estimated balance for the allowance for uncollectible accounts is $180,000.  The existing balance in the allowance account prior to any adjusting entry is a $20,000 credit balance. After showing your analysis to the controller, he tells you to change the aging category of a large account from over 120 days to current status and to prepare a new invoice to the customer with a revised date that agrees with the new category.  This will change the required allowance for uncollectible accounts from $180,000 to $135,000. Tactfully, you ask the controller for an explanation for the change and he tells you “We need the extra income, the bottom line is too low.” Required: In a 2-3 page paper, discuss the following: Consider what you have learned relative to ethics and financial reporting. What is the rationale for the calculations/process used to estimate the $180,000 uncollectible allowance? How do you think the misstatement of funds will impact the income statement and balance sheet? What is the ethical dilemma you face? What are the ethical considerations? Consider your options and responsibilities as assistant controller. Identify the key internal and external stakeholders. What are the negative impacts that can happen if you do not follow the instructions of your supervisor? What are the potential consequences if you do comply with your supervisor’s instructions? Who will be negatively impacted? Additional Requirements: Use at least one (1) quality academic resource (in addition to your textbook) for this assignment. Note: Wikipedia and similar websites do not qualify as academic resources. You have access to Strayer University’s Online Library at https://research.strayer.edu and the iCampus University Library Research page at https://icampus.strayer.edu/library/research. Your assignment must follow these formatting requirements: Your paper should be double spaced (Arial or Times Roman 12 pt font) and follow general Strayer Writing Standards (SWS) as they relate to references and citations. Please take a moment to review the SWS documentation for details (more information and an example is included in the Strayer Writing Standards menu link located in your Blackboard). Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.  Click here to view the grading rubric for this assignment.

Thread 1 Off-Balance-Sheet Financing   What is off-balance-sheet financing? Why might a company be interested in using off-balance-sheet financing? Are there any risks with doing this? Have companies don’t this in the past? Thread 2 Proportional vs. Incremental Method    Explain the difference between the proportional method and the incremental method of allocating the proceeds of lump-sum  sales of capital stock. Another thought, for what reasons might a company purchase its own stock?

An essay of 250-400 words, written solely by you, which outlines your motivation for applying to the Master of Accounting and Finance (MAccFin) at University of Toronto and what you will accomplish during and after your studies. Note: You may include the following information  which is included my undergraduate, graduate , and work experience as a financial specialist : 1-In my undergraduate and graduate programs, I did my undergrad in economics at Bangalore University, India (2010-2013) 2-I did my graduate program in International Cooperation Studies majored in Development Economics and Policy at the Hiroshima University of  Japan. The program covered the International Finance, Business Cycle and Economics Growth, Money and Banking, development microeconomics and macroeconomics, econometrics, economic development and policy, and seminar on development economics. 3- Currently, I am pursuing the Prerequisite courses for the CPA and going to complete all the prerequisites courses at end of December 2020. 4-I work as a financial specialist .

In Discussion Forum 5, post your response to the following discussion activity. Reply to at least two classmates’ responses by the date indicated in the course Calendar. Note: The discussion activity is based on Case 24.1, It’s Not My Fault, on pages 1075–1076 of the textbook. 1. Read the case information given below, and then follow the instructions for completing the discussion activity. “Case 24.1, It’s Not My Fault” Cabinets, Inc. is a large manufacturer of modular kitchen cabinets, sold primarily to builders and developers. The company uses a standard cost system. Standard production costs have been developed for each type of cabinet; these costs and any cost variances are charged to the production department. A budget also has been developed for the sales department. The sales department is credited with the gross profit on sales (measured at standard costs) and is charged with selling expenses and any variations between budgeted and actual selling expenses. In early April the manager of the sales department asked the production department to fill a rush order of kitchen cabinets for a tract of 120 homes. The sales manager stated that the entire order had to be completed by May 31. The manager of the production department argued that an order of this size would take 12 weeks to produce. The sales manager answered, “The customer needs it on May 31, or we don’t get the business. Do you want to be responsible for our losing a customer who makes orders of this size?” Of course, the production manager did not want to take that responsibility. Therefore, he gave in and processed the rush order by having production personnel work overtime through April and May. As a result of the overtime, the performance reports for the production department in those months showed large, unfavorable labor rate variances. The production manager, who in the past had prided himself on coming in under budget, now has very ill feelings toward the sales manager. He also has stated that the production department will never again accept a rush order. 2. In Discussion Forum 5, post your response to the following questions. Please title your posting “Case 24.1/[Your Name].” Read and comment on your classmates’ postings. 1.  b. Identify any problem that you see in the company’s standard cost system or in the manner in which cost variances are assigned to the responsible managers. c. Make recommendations for changing the cost accounting system to reduce or eliminate any problems that you have identified.

Many companies have jumped to support the Black Lives Matter movement; however, some times their track record on things like representation and diversity may not line up with their statements. What are accounting firms and corporations doing that is working to attract and retain Black accounting/finance students into the profession? What are accounting firms and corporations not doing or what’s not working, and what could they be doing a better job at to attract and retain Black accounting/finance students?