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FOR MORE CLASSES VISIT<br>www.acc205outlet.com<br>Final Paper<br><br>Focus of the Final Paper<br><br>Write a five to seven page financial statement analysis of a public company, and formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis
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ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Final Paper (New) FOR MORE CLASSES VISIT www.acc205outlet.com Final PaperFocus of the Final PaperWrite a five to seven page financial statement analysis of a public company, and formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections:
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 1 Assignment Student Guidance Report FOR MORE CLASSES VISIT www.acc205outlet.com Exercises 2. Basic computations. The following selected balances were extracted from the accounting records of Rossi Enterprises on December 31, 20X3: a. Determine Rossi's total assets as of December 31. b. Determine the company's total liabilities as of December 31. c. Compute 20X3 net income or loss.
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 1 Chapter 1,2 Quiz and Video Quiz FOR MORE CLASSES VISIT www.acc205outlet.com ACC 205 Week 1 Chapter 1,2 Quiz and Video Quiz 1. In accounting the concept of materiality refers to ________________. Question 2. 2. Typically accounting transactions are recorded and reported at _______________. Question 3. 3. The accounting equation is ____________________________. Question 4. 4. An accountant should be able to work in the profession in the
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 1 DQ 1 Accounting Equation (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com Accounting Equation As you have learned in this week’s readings the Accounting Equation is + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation.
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 1 DQ 2 Accounts (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com Accounts What does the term “account” mean? What are the different classifications of accounts? How do the rules for Debits and Credits impact accounts? Please provide an example of how debits and credits impact accounts.
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 1 Exercise Assignment Basic Accounting Equations (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com Week One Assignment 1) Basic concepts. Jean's Marine Supply specializes in the sale of boating equipment and accessories. Identify the items that follow as an asset (A), liability (L), revenue (R), or expense (E) from the firm's viewpoint.
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 1 Journal Balance Sheet Journal (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com Balance Sheet JournalThe Balance Sheet is a financial snap shot of a company at a particular point in time. The Balance Sheet lists the assets, liabilities, and equity of the company. Reflect on your personal financial situation, can you apply the concepts of the Balance Sheet? What did you learn from this reflection?
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 2 Assignment Student Guidance Report FOR MORE CLASSES VISIT www.acc205outlet.com Exercise 4 4. Accounting for prepaid expenses and unearned revenues. Hawaii-Blue began business on January 1 of the current year and offers deep-sea fishing trips to tourists. Tourists pay $125 in advance for an all-day outing off the coast of Maui. The company collected monies during January for 210 outings, with 30 of the tourists not planning to take their trips until early February.
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 2 Chapter 3,4 Quiz and Video Quiz FOR MORE CLASSES VISIT www.acc205outlet.com ACC 205 Week 2 Chapter 3,4 Quiz and Video Quiz 1. The accrual basis of accounting means_______________________. Question 2. 2. Under accrual basis accounting revenue is not recognized until _________________. Question 3. 3. The matching principle states ______________________________. Question 4. 4. Adjusting entries apply to _
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 2 DQ 1 Accounting Cycle (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com ACC 205 Week 2 DQ 1 Accounting Cycle Financial statements are a product of the accounting cycle. Think about two different companies, one a manufacturing company, the other a retail company. Why would different companies have different accounting cycles? Would you expect the steps of the accounting cycle to be the same for each company? Why or why not?
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 2 DQ 2 Bank Reconciliation (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com Bank Reconciliation What is the purpose of a bank reconciliation? What are the reasons there are differences between the cash reported in the accounting records and the cash balance in the bank statements?
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 2 Exercise Assignment Revenue and Expenses (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing.
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 2 Journal Income Statement Journal (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com Income Statement JournalThe Income Statement measures the income and expenses of a company over a specific period of time. Reflecting on your personal financial statement for the past month, can you apply the principles of the Income Statement? What did you learn from this experience?
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 3 Assignment Student Guidance Report FOR MORE CLASSES VISIT www.acc205outlet.com Chapter 5, Exercise 1 Inventory errors and income measurement. The income statements of Keagle Company for 20X3 and 20X4 follow. 20X3 20X4 Sales $100,000 $109,000 Cost of goods sold 62,000 74,000 Gross profit 38,000 35,000 Expenses 26,000 22,000
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 3 Chapter 5,6 Quiz and Video Quiz FOR MORE CLASSES VISIT www.acc205outlet.com ACC 205 Week 3 Chapter 5,6 Quiz and Video Quiz 1. Gross Profit is ___________________. Question 2. 2. All of the following are considered part of inventory cost except__________. Question 3. 3. In a period of rising raw material costs the inventory cost flow assumption that will provide the firm with the highest net income would be _______________________.
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 3 DQ 1 LIFO vs. FIFO (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com LIFO vs. FIFO The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller’s bonus is based on the next income. It is the controller’s belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods?
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 3 DQ 1 LIFO vs. FIFO (New) FOR MORE CLASSES VISIT www.acc205outlet.com LIFO vs. FIFO The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller’s bonus is based on the next income. It is the controller’s belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods?
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 3 DQ 2 Depreciation (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com Depreciation There is a variety of depreciation methods used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for $100,000. Explain the concept of depreciation.
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 3 Exercise Assignment Inventory (New) FOR MORE CLASSES VISIT www.acc205outlet.com 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory Woods $11,000 4/19 Purchase Sunset 21,800
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 3 Journal Inventory Journal (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com Inventory JournalReflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would provide the most accurate financial statements? Why do you believe this is the case?
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 4 Assignment Student Guidance Report FOR MORE CLASSES VISIT www.acc205outlet.com Chapter 7 Exercise 2 and 4 2. Accrued liability: current portion of long-term debt. On July 1, 20X1, Hall Company borrowed $225,000 via a long-term loan. Terms of the loan require that Hall pay interest and $75,000 of principal on July 1, 20X2, 20X3, and 20X4. The unpaid balance of the loan accrues interest at the rate of 10% per year. Hall has a December 31 year-end.
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 4 Chapter 7,8 Quiz and Video Quiz FOR MORE CLASSES VISIT www.acc205outlet.com ACC 205 Week 4 Chapter 7,8 Quiz and Video Quiz 1. Current Liabilities are _____________________________. (Points : 1) Question 2. 2. The Unearned Revenue account is used to record ____________________. (Points : 1)
ACC 205 OUTLET Introduction Education--acc205outlet.com ACC 205 Week 4 DQ 1 Current Liability (Ash) FOR MORE CLASSES VISIT www.acc205outlet.com Current Liability What is a current liability? From a user of financial statements perspective why do you believe current liabilities are separated from long-term liabilities? Based on your current experience and any additional research you may have done provide two examples of situations where businesses collect monies from customers and employees and reports these amounts as a current liability.
