Post an explanation of whether you believe people derive happiness/utility from their level of wealth, changes in wealth, or some combination. If so, how? If not, why not? Provide examples to support your post.
In Project Two, you‘ll analyze and evaluate a business’s financial health. I have selected Disney (DIS). You’ll also recommend financing options that improve the company’s financial health. Then use Mergent Online to locate the most recent quarterly financial statements for the business: the balance sheet, the income statement, and the cash flow statement.
To succeed in your Project Two assignment, you will need to understand the role of financial statements and how they help a business determine its financial health. You will also need to explain why cash flow management is important to the financial health of a business.
Write a brief journal that introduces the business you chose for your Project Two assignment.
Specifically, you must address the following rubric criteria:
Business Selection: Describe the business you chose, including the business name and what the business offers consumers.
Financial Statements: Using Mergent Online, download and submit a copy of the balance sheet, the income statement, and the cash flow statement from the most recent fiscal quarter for the business you chose.
Financial Statement Role: Explain why financial statements are important to a business and how they help businesses determine their financial health.
Cash Flow Management: Explain why cash flow management is important to a business and its financial health. Use a financial news story from the past two months as an example to support your claims.
What to Submit
Your journal submission should be a 3- to 4-paragraph Word document as well as the Excel files for Disney’s (DIS) balance sheet, income statement, and cash flow statement from Mergent Online.
Link for Mergent Online: https://www-mergentonline-com.ezproxy.snhu.edu/companydetail.php?compnumber=2488&pagetype=synopsis
DESIGNING THE AIS TO DETECT FRAUD
Designing the AIS to Detect Fraud
For this assignment, you will represent a company that does not currently have an accounting information system (AIS) established. Make sure you clearly identify the business line, product type, and market position.
Read this article before you begin:
Identifying the Absence of Effective Internal Controls: An Alternative Approach for Internal Control Audits.
Write a 3–4-page paper in which you:
Identify at least four different areas where there could be potential accounting fraud in a company. Make sure you elaborate on your reasoning for why accounting fraud could occur as well as the financial implications on the organization.
Design a method of detection and a method of limiting the possible financial fraud. Provide support for your arguments and rationale using support from your text and supplemental readings.
Provide support for arguments and rationale using AIS knowledge and recent AIS literature.
publish a one-page recommendation at the end of the document directed to the CEO explaining the findings, recommendations, and benefits of installing an accounting information system. Make sure you are specific in your recommendations. This is an additional page and not included in the original 3–4-page paper.
Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.
3 PAGES PLUS THE ADDITIONAL RECOMMENDATION PAGE. PLUS ONLY INTERNET BASE SOURCES ONLY
Post an explanation of whether you believe financial markets are efficient and why. If you believe markets are not fully efficient, do you think inefficiencies can be exploited? Why? Provide examples to support your post.
1.Please follow the requirement which I provide in the research proposal document. Feel free to contact me if you have any questions and details.
2.make sure that the format is correct, refer to the file “research proposal format reference)
3. Please write with depth and professionalism.
I uploaded all the course materials and outlines, please read the instructions and all the questions need to be answered in the essay. please do include the necessary charts and graphs.
Complete the Budget in a Service Company (Cash Budget) assignment. Please use the template attached below.
The document must have the complete budget and show the entire process along with an explanation.
Add a brief explanation of the budget just like what you should do if you were in a meeting with senior management and you were the accountant who was tasked with presenting the budget. Put that explanation on the page below the budget that you have prepared.
Hint: The budget should start with the January beginning balance and the February ending balance should also be the ending balance for the two months combined column.
Please follow the requirement which I provide in the research proposal document.
Feel free to contact me if you have any questions and details.
In this discussion, share at least one tool or concept of Principle of Fianncial Management that you think might help you become a better manager.
In this project, you will demonstrate your mastery of the following competencies:
Record and present financial information by applying the appropriate framework and guidelines of accounting for business transactions
Determine asset accounts and their disclosure in the financial statements
Determine liability and equity accounts and their disclosure in the financial statements
You were recently hired as an entry-level bookkeeper for a service business that recently opened. This is the first month in operation for the business and your first task is to record business transactions for their first month using the source documents and transaction data the owner will provide to you. Because this is a small business that does not use computerized accounting, you will apply the accounting cycle in Excel to record transactions and generate financial reporting results for the owner.
Company Accounting Workbook
Use accepted accounting principles to follow and record your business transactions for a one-month period from the first step of the accounting cycle through the reporting process. You will build on the workbook you created in Milestones One and Two, as well as the Company Accounting Workbook Template (file provided), After you complete your workbook, you will prepare a summary report of your work.
Your completed accounting workbook will consist of journal entries for each transaction and postings of transactions to account ledgers. You will develop a trial balance from the ledger balances, and use these balances to prepare the income statement, statement of owner’s equity, and the balance sheet. After the preparation of the financial statements, closing entries will be entered to transfer earnings to equity and prepare temporary accounts for the new accounting period.
Use the instructions below to complete your workbook. Specifically, you must address the following rubric criteria:
Record Financial Data: Use accepted accounting principles to accurately capture business transactions for the month using the data provided in the accounting data appendix (linked in the Supporting Materials section). You will need to address the following:
Accuracy: Prepare entries that are accurate in that they fully reflect the appropriate information.
Completeness: Prepare entries that are complete for the month, including transferring posted entries to T accounts.
Unadjusted Trial Balance: Prepare the unadjusted trial balance portion of the “Trial Balance” tab of the company accounting workbook, ensuring that the total debits and credits match.
Financial Statements: Create financial statements using appropriate methods based on accepted accounting principles. Be sure to prepare these financial statements in the order listed, as there are important interdependencies among them. Finalize the process by closing temporary accounts.
Income Statement: Prepare the income statement using the adjusted trial balance.
Statement of Owner’s Equity: Prepare the statement of owner’s equity using the adjusted trial balance.
Balance Sheet Assets: Prepare the balance sheet asset entries using the adjusted trial balance.
Balance Sheet Liabilities: Prepare the balance sheet liabilities entries using the adjusted trial balance.
Closing Entries: Complete the “Closing Entries” tab of the company accounting workbook by closing all temporary income statement amounts to create closing entries.
After you have finished preparing all the financial statements, analyze the statements and write a short report summarizing your findings. Use the template provided in the What to Submit section to complete your report. There is also a Final Project Walkthrough video available in Supporting Materials that will provide guidance for completing your template. In addition to the financial statement results, the owners have requested that you provide them with additional information as further growth is anticipated. They would like more input from you to support the best possible decisions for the business.
In addition, the owners are requesting that you provide them with some suggestions on simple internal controls they can integrate to ensure protection of company assets, and accuracy in the company’s financial data. The owners are also considering acquiring more long-term/fixed assets, such as vehicles, equipment, buildings, and so on. They would like your input on the different options available for depreciation of these costs. Adding sales of product is also a consideration for expansion. The owners want to know what accounting considerations will be involved with this change.
Summary: Write a summary of what the financial statements indicate about the company’s financial health and performance.
Purpose: Discuss the accounting process and the resulting financial statements as they relate to meeting the informational needs of the user.
Process: Explain the process used to produce accurate account balances and financial statements from the individual transaction data.
Consider what is being communicated through each of the financial statements you prepared (income statement, statement of equity and balance sheet) and how this information will be used in business decision making and planning.
Analysis: Explain the company’s cash position, its net income as a percentage of sales, and its current liabilities to current assets position.
Results: Discuss the results regarding profitability of the first month of operations.
Consider how well the company is positioned to meet current liabilities.
Be sure to include the percentage of revenues that result in profit/net income and the current ratio when discussing profitability and liquidity based on the recorded month’s results.
Consider key points in your observations of results: is the company operating profitably (what percent of revenues result in profit/net income)? How well-poised are they to meet liabilities (discuss liquidity and current ratio)?
Recommendations: Recommend a simple system of controls that can be implemented to ensure protection of company assets and the accuracy and integrity of their financial data as they anticipate further growth.
Consider additional controls that will support the potential for adding merchandise and additional assets with business growth/expansion.
Asset Valuation: Discuss the treatment of current and long-term assets on the balance sheet.
Discuss at least two different methods of depreciation. Consider how the methods of depreciation will be determined.
Discuss how LIFO, FIFO, and average methods will differ and provide examples of types of applicable merchandising.
Consider how accounting will change with the addition of merchandise inventory.
What to Submit
To complete this project, you must submit the following:
Company Accounting Workbook
Your workbook should be completed and submitted as a Microsoft Excel file based on the template provided
Project Summary Report
Use this template provided to submit a 1- to 2-page Word document summarizing the financial statements you created.