ACC 561 COMPLETE COURSE
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ACC 561 COMPLETE COURSE
Week 1 Individual Assignment Financial Statement Differentiation
Paper
Write a paper of approximately 700
words discussing the four different types of financial statements. Explain the
information provided by each financial statement and include your responses to
the following questions:
· Which financial statement, or statements, would be of
most interest to investors?
· Which financial statement, or statements, would be of
most interest to creditors?
· Which financial statement, or statements, would be of
most interest to management?
Format your paper consistent with APA
guidelines.
Week 1 DQ 1 Financial Statement Analysis.
Please respond to the following discussion question by replying
to this thread. Your response should fully address all elements of the
question and be a minimum of 200 to 300 words long.
Chapter 1 discusses financial statements. In presenting
financial statements, what do you feel is the most important statement and
why? Give an example of a decision you have made or observed being made
involving financial statement analysis
Week 1 DQ 2 Accounting Principles.
Please respond to the following discussion question by replying
to this thread. Your response should fully address all elements of the
question and be a minimum of 200 to 300 words long.
WEEK 2 INDIVIDUAL ASSIGNMENT
SMALL-BUSINESS IDEA PAPER
Imagine the government has released funds for
creating small businesses. You are interested in establishing a small business,
and you must decide which of the four forms of business organization would best
suit your unique product or service. Consider legal, tax, accounting, and other
implications when selecting from the four business types.
Write a paper of approximately 1,250
words discussing your small-business idea. Include the following:
· The advantages and disadvantages of the four different
forms of business organization, which include the following:
o Sole proprietorship
o Partnership
o C corporation
o S corporation
· The different types of financial statements associated
with each form of business organization
· The following consequences associated with each form of
business organization:
o Tax implications
o Legal implications
o Accounting implications, such as SOX and FASB
· An explanation of the unique product or service your
small business provides
· Your choice of business organization form for your new
business
· Your rationale for choosing this form of business
organization
Format your paper consistent with APA
guidelines.
WEEK 2 LEARNING TEAM ASSIGNMENT
FINANCIAL STATEMENT RELATIONSHIP PAPER
Respond to the following questions in approximately 500
words.
In what ways do the elements of the four financial statements
interact with one another? How might changing one of the financial statements
affect the other financial statements? Why is it essential to understand the
relationship between the financial statements?
This paper does not have to be in APA format but please double
space the paper and include a title page with identifying information.
Week 2 DQ 1 Financial Statement Analysis
Please respond to the following discussion question by replying
to this thread. Your response should fully address all elements of the
question and be a minimum of 200 to 300 words long.
Identify the company you selected in week 1. For the
company you selected in week 1, calculate what you believe is the single most
important liquidity, solvency and profitability ratio for the most current
year. Why do you feel this ratio is most important?
What are some methods of analyzing financial statements?
As a potential investor, what risks do you want to identify with financial
statement analysis?
Week 2 DQ 2 Relevant Financial Information for a Small Business
Please respond to the following discussion
question by replying to this thread. Your response should fully address
all elements of the question and be a minimum of 200 to 300 words long.
WEEK 3 LEANING TEAM ASSIGNMENT
TOOTSIE ROLL INDUSTRIES INC. LOAN PACKAGE
Resource:Accounting
Read the financial statement for Tootsie
Roll Industries Inc. in Appendix A of Accounting.
Conduct an Internet search information on
how to assemble a loan package by researching loan package requirements at The
U.S. Small Business Administration website (http://www.sba.gov/) or on other
websites, such as the SCORE website (http://www.score.org/). Research the
specific loan package requirements of creditors, such as American Express, by
reviewing their websites.
Prepare a loan package
of approximately1,250 words to secure a loan for Tootsie Roll
Industries Inc. that would increase the company’s total liabilities by 10%. Your
loan package should include the following:
· A ratio analysis of the financial statements for Tootsie
Roll Industries Inc., including several types of liquidity, solvency, and
profitability ratios and an explanation of each ratio
· A justification of the reason the company needs this
loan; the purpose might be for expansion, inventory purchases, debt retirement,
and so on
· An explanation of how the company plans use the proceeds
from the loan and of how loan approval might affect the company
Cite your sources consistent with APA
guidelines.
Week 3 DQ 1 Activity Based Costing
Please respond to the following discussion
question by replying to this thread. Your response should fully address
all elements of the question and be a minimum of 200 to 300 words long.
What are the differences between a traditional cost accounting
system and an ABC cost accounting system? ABC systems are always more
accurate than traditional accounting systems. Do you agree with this
statement or not. Explain.
Week 3 DQ 2 Cost Accounting System
Please respond to the following discussion question by replying
to this thread. Your response should fully address all elements of the
question and be a minimum of 200 to 300 words long.
What is a cost accounting system? Why is a cost accounting
system important for a business? A business without a cost accounting
system cannot effectively manage its operations. Give an example of how a
company you are familiar with costs its products or services.
Week 4 Individual Assignment Costing Methods Paper
Resource:Accounting
Read BYP17-5, titled Communication
Activity, in the Ch. 17 “Broadening Your Perspective” section ofAccounting.
Write a paper of approximately 700 words
addressing the following questions:
· What strategies did the management of Super Bakery, Inc.
use?
· Why did Super Bakery’s management think it was necessary
to install an ABC system? Do you agree with their reasoning? If you disagree,
identify your recommended costing system, including your rationale, to
management.
· Would a job order cost system or a process order cost
system work for Super Bakery. Why or why not?
Format your paper consistent with APA
guidelines.
Week 4 DQ 1 Alternative Income Statements
Please respond to the following discussion question by replying
to this thread. Your response should fully address all elements of the
question and be a minimum of 300 words long.
Week 4 DQ 2 CVP Analysis
The cost structure of an organization is its mix of fixed and
variable costs. How can CVP analysis be used to evaluate decisions that
affect the cost structure of an organization? In your organization, does
management lean toward choosing fixed or variable costs when considering
change? Why?
WEEK 5 TEAM ASSIGNMENT CVP AND
BREAK-EVEN ANALYSIS PAPER AND PRESENTATION
Resource:Accounting
Read BYP19-7, titled “All About you”
Activity, in the Ch. 19 “Broadening Your Perspective” section of Accounting.
Write a paper of approximately 1,750
words responding to the questions in BYP19-7.
Create a 7- to 9-slide Microsoft® PowerPoint®
presentation that illustrates your team’s solution to the assigned problem.
Detailed speaker notes are optional.
Format the paper and presentation consistent
with APA guidelines.
Week 5 DQ 1 Budget Bias and Goal Congruence
Explain the cycle of bias by lower-level managers and bias
adjustment by upper-level managers that can spiral out of control resulting in
meaningless budgets. What features should a budgetary system have to
encourage managers to engage in goal-congruent behavior (managers select
actions that maximize overall company profits)? Give examples of bias and
how goal congruence has been achieved at your current or a past employer
Week 5 DQ 2 Variance Analysis and Responsibility
“A good control system places the blame for every unfavorable
variance on someone in the organization. Without assigning blame, no one
will take responsibility for cost control.” Do you agree? Explain
why or why not
WEEK 6 LEARNING TEAM ASSIGNMENT
MASTER BUDGETING QUESTIONS
Respond to the following questions in approximately 500
words.
The master budget is a detailed and comprehensive analysis of an
organization’s long- and short-term goals. Identify the major inputs to the
master budget and the usefulness of each. Additionally, why would a company
need to create a master budget? What are the advantages and disadvantages?
This paper does not have to be in APA format but please double
space the paper and include a title page with identifying information
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