ACCT 504 (ACCOUNTING AND FINANCE MANAGERIAL USE AND ANALYSIS) COMPLETE COURSE http://www.homeworkproviders.com/shop/acct-504-accounting-and-finance-managerial-use-and-analysis-complete-course/ Week 1: Overview of Financial Statements – Discussion · What is GAAP? What is the purpose of GAAP? · What is the purpose of a Balance Sheet? What information does it provide? Week 2 Accounting Information System · What is the role of the accounting equation in the analysis of business transactions?
Acc 544 (Controls for It and Reporting) Complete Class ACC 544 (Controls for IT and Reporting) Complete Class IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/ACC-544-Controls-for-IT-and-Reporting-Complete-Class-1369.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com ACC 544 Week 1 Recommendation Brief for an Internal Auditor An internal auditor certifies a company’s financial statements are timely, relevant, and reliable. According to the American Accounting Association (1973), “Auditing is a systematic process of objectivity obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence
Ratio Analysis Memo ACC 291 Ratio Analysis Memo This assignment required the members of Team D to choose a virtual organization to prepare a memo to the CEO of said company discussing the finding of our ratio calculations and to submit a horizontal and vertical analysis for both the balance sheet and income statement. Team D chose Berry's Bug Blasters as our virtual company. We chose use the financial statements from the year 2005 through 2008 for this comparison. The ratio calculations we will show are liquidity, profitability, and solvency. LIQUIDITY RATIOS Current Ratio (Current Assets/Current Liabilities) 2008 $1,836,770.12/$306,805.71 = 5.986 Ratio = 5.99:1 2007 $1,308,685.20/$366,786.29 = 3.567 Ratio = 3.57:1 2006 $313,556.46/$180,107.60 = 1.7409 Ratio = 1.74:1 Acid Test (Quick Ratio) (Cash + Short Term Receivables + Receivables (Net)/Current Liabilities) 2008 $818,440.68+$812,395.13/$306,805.71 = 5.315 Ratio = 5.32:1 2007 $291,703.44+$811,047.45/$366,786.29 = 3.006 Ratio = 3.01:1 2006 $32,901.07+$198,281.67/$180,107.60 = 1.283 Ratio = 1.28:1 Receivable Turnover (Net Credit Sales/Average Net Receivables) 2008 $3,249,580.53/ ($812,395.13+$811,047.45/2) $3,249,580.53/$811,721.29 = 4.003 = 4.0% 2007 $3,893,027.78/ ($811,047.45+$198,281.67/2) $3,893,027.78/$504,664.56 = 7.714 = 7.7% 2006 $1,903,504.00/ ($198,281.67+$36,595.21/2) $1,903,504.00/$117,438.44 = 16.208 = 16.2% Inventory Turnover (Cost of Goods Sold/Average Inventory) 2008 $3,249,580.53/ ($205,934.30+$205,934.30/2) $3,249,580.53/$205,934.30 = 15.779 = 15.8% 2007 $3,893,027.78/ ($205,934.30+$82,373.72/2) $3,893,027.78/$144,154.01 = 27.006 = 27.0% 2006 $1,903,504.00/ ($82,373.72+$20,593.43/2) $1,903,504.00/$51,483.58 = 36.973 = 37.0% PROFITABILITY RATIOS Profit Margins (Net Income/Net Sales)
CMI Diploma in Management and Leadership Unit 5007: Financial Control Andrew Blackburn Contents Page 1.1 Assess the relationship(s) between a financial system or function and other systems or functions in an organisation Page 3 -4 1.2 Describe the systems of accounts and financial statements used to control a financial system Page 4 1.3 Analyse financial information contained in a set of accounts or financial statements Page 5-6 2.1 Construct a budget for an area of management responsibility Page 6 2.2 Develop budgetary control systems and compare actuals with planned expenditure Page 7-8 2.3 Discuss corrective actions to be taken in response to budgetary variations Page 8 2.4 Identify conflicts that can occur with management control systems and how these could be resolved or minimised Page 9-10 3.1 Identify the current and potential sources of finance that support organisational activities Page 10 3.2 Evaluate the distribution of finance in support of organisational activities Page 10 - 11 3.3 Discuss the monitoring and control of finance employed in support of organisational activities Page 11-12 1.1 Assess the relationship(s) between a financial system or function and other systems or functions in an organisation All aspects of the business are reflected in a financial system somewhere for example Budget allocations or P&L reports. Management accounting refers to accounting information developed for managers within an organisation. CIMA (Chartered Institute of Management Accountants) defines Management accounting as “Management Accounting is the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of information that used by management to plan, evaluate, and control within an entity and to assure appropriate use of an
d. Recreate the journal entries Callaway prepared to record the activity in the reserve for obsolete inventory account during 2007 (in thousands). Cost of Sales $12,182.00 Provisions for obsolete inventory 12,182.00 Provision for obsolete inventory 9,368.00 Inventory
SGA 1387 Assessment Task 1 Ryan Ellison Contents 1.0 Introduction 2.0 Financial information 3.0 Problems and possible solutions 4.0 Reports 4.1 Performance Report 4.2 Activity Statement 4.3 Variance Analysis 4.4 Profit and Loss 4.5 Units used to monitor café sales 5.0 Conclusion 6.0 References 1.0 Introduction: This report will identify the types of financial information a business manager is responsible for on a day-to-day basis, identify possible problems and solutions a business may experience and the types of reports that would be used to review and why they would be used. 2.0 Financial information: As a business manager you are required on a day-to-day basis to handle financial information
ACCT 344 Week 8 Final Exam Purchase here http://homeworkonestop.com/ACCT%20344/acct-344-week-8-final-exam Product Description Page 1 Question 1.1 (TCO 2) Which cost is NOT a period cost? (Points : 5) Question 2.2. (TCO 2) Which product would use job-order costing? (Points : 5) Question 3.3. (TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5) Question 4.4.
Virtual Analysis Memo Lizbeth Galvan, Emilie MaeR.Jimenez, Laura Abadia-Barazza, Michael Collins ACC/291 April 27, 2013 Mihcael Barsch Abstract The following virtual analysis will show some financial information on the following company, Berrys Bugs Blasters that my team and I have examined. This shows the results after reviewing the organizations balance sheet and income statement. Liquidity ratios, Profitability ratios, and Solvency ratios have been computed to determine the analysis. Also once the analysis was configured the team has wrote a memo showing the horizontal and vertical analysis, as well as some information on what the previous ratios reveal about the company’s financial position. It will also explain why users may be interested in each type of ratio.
Journal of Consumer Research (Pre-1986), Volume 5(1), 41. Retrieved November 14, 2013 from ProQuest database. Tsuen-Ho, H., and Lee, M. (2003). The refinement of measuring consumer involvement - an empirical study. Competitiveness Review.
Financial Statement Analysis Project FI504 Accounting and Finance: Managerial Use Date: 06/12/2011 Table of Contents Executive Summary…………………………………………………………..3 Brief Background of HP……………………………………………………...4 Environmental Scanning – SWOT Analysis………………………………...5 Major Competitor IBM……………………………………………………..7 Financial Ratio……………………………………………………………….9 Liquidity Ratio……………………………………………………......9 Activity Ratio…………………………………………………….……9 Solvency Ratio…………………………………………….…...……..10 Profitability………………………………………………………...…11 Overall Analysis and Recommendation……………………………...……..12 Recomendation..……………………………………………..……………….13 References……………………………………………………………….……14 I. Executive Summary: This report stands from the point of view of Hewlett-Packard (HP), and discusses about its business condition. In order to put up a clear picture of HP’s business level, a comparison in finance is made between HP and one of its biggest competitors, International Business Machines (IBM). The main criteria of this paper are financial analysis which is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to be invested in. The evaluation is done by focusing on the income statement, balance sheet, and cash flow statement.