ACC460 UOP Course Entire Class Week 1 To 5 ACC460 Government and Non-Profit Accounting Click Here To Get Entire Class http://www.homework-aid.com/ACC460-Complete-Class-Government-and-Non-Profit-Accounting-013.htm Week 1 Individual Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper Prepare a 350- to 700-word paper comparing and contrasting GASB and FASB accounting. Explain the objectives of the two standards boards and how they are similar and different. Describe how the modified accrual basis of accounting differs from full accrual accounting. Format your paper consistent with APA guidelines. Discussion Questions DQ 1 Log into http://www.charitynavigator.org/.
What are the events in the currency markets which would erode the profitability of this sale? How can ABC protect itself from the adverse consequences of currency market fluctuations? 7. Distinguish between forward contracts, futures, options, caps, collars and swaps as currency risk management tools. 8.
The various adjustments that are made to net income in arriving at net cash flow from operating activities. 10. The different tools of financial statement analysis, and how each tool is used, as well as the different names for certain tools of analysis. 11. The different ratios, why/how those ratios are used, and which external user is interested in a certain ratio.
GASB and FASB Differences Accountants and individuals, who work in accounting fields, need to know the differences between GASB and FASB. Knowing the differences allows individuals to know what objectives apply in their organization. One difference between GASB and FASB according to Jacobsen and Wachterhauser (2011) “is the general audience
ACC 403 Midterm Exam Answers http://www.homework-bank.com/downloads/acc-403-midterm-exam-answers/ ACC 403 Midterm Exam Answers Part 1 • Question 1 Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called: • Question 2 ________ risk reflects the possibility that the information upon which the business decision was made was inaccurate. • Question 3 The use of the Certified Public Accountant title is regulated by: • Question 4 The Sarbanes-Oxley Act applies to which of the following companies? • Question 5 Three common types of attestation services are: • Question
Berry’s Bug Blasters Ratio Analysis Memo ACC/291 Principals of Accounting II MEMO To: Berry’s Bug Blasters CEO From: Accounting Dept (Team B) Date: September 16, 2013 Re: Ratio Analysis Accounting Team B conducted a ratio analysis of Berry’s Bug Blasters to express the relationships among selected items of financial statement data. Ratios express mathematical relationships between one and another is expressed in terms of percentage, rate, or simple proportion. We used ratios to evaluate liquidity, profitability, and solvency. Listed below are the findings from the ratio calculations. The analyses reveal many things about the company’s financial position and performance, and also which users are interested in each type of ratios.
What are the four basic financial statements? According to our textbook Financial Accounting, the four basic financial statements are income statement, a retained earnings statement, a balance sheet and a statement of cash flows. What do the different financial statements tell you about a company? The income statement is about the “revenues and expenses and resulting net income or net loss of a company for a specific period of time.” (Weygandt, J.J., 2008) A retained earnings statement “summarizes the changes in retained earnings for a specific period of time.” (Weygandt, J.J., 2008) The balance sheet will list all of the assets and liabilities that the company has and on a particular date, the stockholder’s equity will be listed as well. The statement of cash flows will summarize what would pertain to the cash coming in “(receipts)” and the cash that would be coming out “(payments)” over a particular period of time.
___R___Keeping a systematic chronological diary of events. ___R___Measuring events in dollars and cents. ___C___Preparing accounting reports. ___C___Reporting information in a standard format. ___I___Selecting economic activities relevant to the company.