A minimum of two discussion entries must be made for each topic. Be sure to enter at least two responses: the first one to answer the Discussion Question, and the second as an interaction with another post (a minimum of three sentences consisting of a comment, an...
Follow the directions for each question. Question #1, will help you understand the asset presentation on the balance sheet during the reconciliation process. Presentation is as important as accuracy for financial statements. **Note: Remember to use the Excel file and...
Assignment Description: Use the transactions below to prepare an accounting equation and Income statement. See the example below of a journal entry. Also, remember to use the excel file and watch the video attached to this module to assist you with the assignment....
Discussion Question: Jay Simons is opening his own business, and he is trying to decide whether to use accrual or cash basis accounting. Jay does not have a good understanding of how to read financial statements. Is it a good idea or not for Jay to use the accrual...
To ensure financials are reported accurately, the CFO will review the account reconciliation reports from the balance sheet. The CFO reviewed the bank reconciliation and noticed a fictitious amount of $400 was recorded. The original journal entry was $400 credit to...
Assignment Description: The key to understanding how to create financial statements is to know which statement each account (bank, accounts payable, utility expense, etc.) will appear on. See the video in Additional Resources for more detailed instructions. Use the...
When investors review a company’s financials, they look at three years of history. Since the income statement shows profits and losses and the balance sheet shows assets and liabilities, which statement does an investor focus on? Explain your answer.
In this assignment, your group will conduct a comprehensive financial analysis of installing a solar energy system for a manufacturing plant. Your goal is to review and apply key concepts of engineering economics, including Net Present Value (NPV), Present Value (PV),...
The Week 3 Discussion consists of two topics. (1.) What are the differences between cash and accrual basis accounting? Provide an example of each. (2.) Accrual accounting requires adjusting entries. Provide an example of an adjusting entry.
Week 6 Assignment Instructions Answer these questions in a 1 to 2-page paper. 1. You have just won the Strayer Lottery jackpot of $11,000,000. You will be paid in twenty-six equal annual installments beginning immediately. If you had the money now, you could invest it...
Worksheet 1 – 2021 and 2022 Financial Statements There are no computations required on this worksheet. It is background information only. Worksheet 2 – Financial Statement Analysis (30 points) 1. Research: Locate the Industry Financial Information. a. Enter this...
Complete the Budget in a Service Company (Cash Budget) assignment. Please use the template provided below. The assignment has 2 parts. Part 1 – Complete the budget Hint: The 2-month budget should start with the January beginning balance and the February ending...
