W-4 ACC 100 DIS
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Accounting
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Nov 24, 2024
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Week 4 Discussion - Impact of the
Accounting Cycle on Business Planning
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Now that you have had the opportunity to create accurate financial statements using all
the steps of the accounting cycle, identify 2 steps of the accounting cycle that you
believe to be most critical in preparing the financial statements. Explain why you believe
these 2 steps are most critical in preparing accurate financial statements that
management uses in the company's planning and decision-making.
Read a post by one of your peers and respond, making sure to extend the conversation
by asking questions, offering rich ideas, or sharing personal connections.
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Related Documents
Related Questions
Strictly type-written
Required:
• Ledger
• Guide Questions
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Please send to my email add: Mhardzpurple@yahoo.com
Name
Date
Email Add:
CHAPTER 1
TEN-MINUTE QUIZ
Circle the letter of the best response.
1. The primary objective of financial reporting is to provide information
A. In an ethical manner.
B. To the professional accounting associations.
C. To people outside the company for making decisions.
D. Useful to managers in making daily decisions.
It is vital that company accountants and their auditors behave in a(n)
A. professional
2.
manner.
B. ethical
C. prudent
D. elitist
3. Which of the following statements is false?
A. The proprietorship form of business organization protects the personal assets of the
owners from creditors of the business.
B. A proprietorship has a single owner.
C. Accounting is the information system that measures business activities, processes that
information into reports, and communicates the results to decision makers.
D. The Accounting Standards Board sets the rules for how accounting is practised in
Canada.
4. Level…
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Ethics case: Uncollectible Accounts
Introduction
The purpose of this discussion forum is to give you an opportunity to apply your critical-thinking ability to the knowledge you’ve gained. The assignment provides you with an opportunity to develop your research, analysis, judgment, and communication skills. You also will work with other students, integrate what you’ve learned, apply it in real-world situations. This practice will broaden your knowledge and further develop your decision-making abilities. The assignment achieves learning objective 5.
The assignment information is given below;
You have recently been hired as the assistant controller for Stanton Industries, a large, publicly held manufacturing company. Your immediate superior is the controller who, in turn, is responsible to the vice president of finance. The controller has assigned you the task of preparing the year-end adjusting entries. In the receivables area, you have prepared an aging of accounts receivable and have…
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>
Week 9
Assignment 9.4
Assignment 9.4 - BUSINESS PLAN
Upload your assignment through the link
provided in this week's assignments folder.
The financial and accounting statements
provide the information needed to measure
the projected success of the business plan.
The recipient of the business plan will want to
have an understanding of this information in
assessing the performance of the proposed
business plan. The two questions to answer
are the following:
a. What information will be needed to
develop the accounting and financial
statements.
b. What information is needed to explain
the importance of these statements to
the other business functions.
The discussion shall be approximately 1½ to 2
pages in length, doubled space, using a size
12 font. Any direct quotes or the paraphrase of
unique thoughts of others should be properly
cited and referenced using general APA
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Where can a primary admin accountant user view the apps connects to a client's quickbooks online from within quickbooks online accountant?
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Prior to Tuesday midnight of Week 5, post at least once about this week's Wiley assignment. You are highly encourage to ask your fellow learners for help or share your own insight as you work through the assignment. Try to add constructive points to the discussion rather than, for instance, simple comments about the difficulty of the assignment.
Some guiding points:
What were some interesting management accounting concepts that came up this week?
At this point, do you see the management accounting approach being more or less useful than financial accounting for you? Why?
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Question content area top
Part 1
(Comprehensive Problem) Suppose that you are in the fall of your senior year and are faced with the choice of either getting a job when you graduate or going to law school. Of course, your choice is not purely financial. However, to make an informed decision you would like to know the financial implications of the two alternatives. Let's assume that your alternatives are as follows:
If you take the "get a job" route you expect to start off with a salary of
$35,000
per year. There is no way to predict what will happen in the future, your best guess is that your salary will grow at
4
percent per year until you retire in
42
years. As a law student, you will be paying
$30,000
per year tuition for each of the
3
years you are in graduate school. However, you can then expect a job with a starting salary of
$75,000
per year. Moreover, you expect your salary to grow by
7
percent per year until you retire
36
years later.
Clearly, your…
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Lesson 6Posting the Journal Entry to the T-Accounts
Learning Outcomes:Students are expected to:1. Post the journal entries into the T-accounts2. Determine the exact amount of the account
On Jul1 1, 2016, Mr. Jan Jacob C. Solon opened the Hubbies Hair and Beauty Salon. The following transactions took place during the first month of operation:July 1 - Php 200,000.00 was invested by the owner.- Paid installation of utilities, Php 7,200.002 - Paid business permits and licenses to the government, Php 3,500.00Paid advance rent for the salon space, Php 10,000.003 - Purchased equipment on account amounting to Php 85,000.00 - Purchases salon supplies in cash, Php 25,000.005 - Served various customers and received cash, Php 9,600.007 - Rendered services, Php 12,000.00 and only 9,000 cash was received. The rest was on account.10 - Received cash, Php 8,200.00 from various customers.13 - Received Php 23,500.00 cash from various customers while Php 2,400.00 worth of services were…
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Assignment Description and Instructions
Suppose you are a part of a group of students from a prominent university and were sent out as a team to work with a leading merchandizing company as a part of a work experience program. The team having been introduced to the general manger was told that the Accountant who normally prepares the financial statements has suddenly resigned and there is no one available to prepare the company’s financial statements which are now due. As aspiring university students, you and your group members have expressed an interest in taking on the task. As a group, you are required to collaborate and analyse the problem at hand then apply the accrual basis of accounting in the preparation of the company’s financial statements.
The problem to be resolved:
The following trial balance was extracted from the books of Scholes Farm Ltd December 31, the end of the company’s financial year. The company is owned by Paul Scholes and is in the business of buying and…
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Question 3
Nina is using Books review to complete a month-end close for a client.
What are 3 workflow tabs in the Books review center?
Transaction review, Account reconciliation, Final review
Open issues, Account reconciliation, Final review
Transaction review, Bank reconciliation, Final review
Transactions, Accountant review, Final review
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The Learning Journal is a space where you should reflect upon what was learned during the week, how it applies to your daily life, and how it will help you with your life/career goals.
For this week’s reflection, please write three complete and well-composed paragraphs (in your own words) in which you use, as an example, a company that operates where you live that has recently entered into business or has significantly expanded its business. Describe what kind of planning that company probably performed to be able to successfully start or expand its business.
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Accounting excel practice problem - I already solved the first few sub parts to this question - I just need the last sub part answered. I attached a picture of the instructions and a picture of the excel spreadsheet to answer the remaining "formulas".
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whats the answer for number 2
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Hi there! I've been stuck on these two problems for > two hours now and I'm not at all sure what to do. Is there any way someone can help me?
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!
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Recommended Implementation Process
Please do the following:
Introduce yourself to your peers by sharing something unique about your background. Explain how you expect this course will help you move forward in your current or future career.
Use the Internet or Strayer University Library databases and Internet, to select and review a firm that has multiple lines of businesses. For example, review the FedEx Corporation to see how it is a multiple-line business organization.
You reviewed the FedEx Corporation's 2019 annual report and focused on the detailed accounting information. In this week's reading, Lin demonstrates that successful implementation of the shipping company's financial accounting information management systems must go through three steps; implementation of management system module; implementation of financial accounting function; and implementation of management accounting function.
Review the recommended implementation suggested by Lin in Design and Implementation of…
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Quality of initial posting
15
Frequency of responses to classmates
2.5
Quality of responses to classmates
2.5
Reference to supporting readings
2.5
Language and grammar
2.5
Total
25
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Accounting Excel Practice Problem - I attached a picture of the instructions and I attached a picture of the excel spreadsheet. Anywhere it says "formula" on the excel spreadsheet, needs the formula figured out.
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Please do question 2
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Q1: Write an e-mail to technical support team of your college to retrieve your login
credentials. In order to make your e- mail effective mention all the important details and
reasons to prioritize your response
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X
Topic: Discussion - What is the rol X +
rses/1545/discussion_topics/15677?module_item_id=111468
Q Search entries or author...
All
>
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Due Jan 4, 2025 11:59pm
时☆
10 points possib
Discussion - What is the role of ethics in accounting?
Requirement:
Include Introduction, Body, and Conclusion.
Your initial Discussion posting should be at least 150 words in length.
9 Replies, 9 Unread
Be sure to include a related Title, at least two different citations and references to support your statement
Read and post brief responses to at least two of your classmates' postings (minimum 75 words).
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LinkedIn Learning
Free App for Android
in
Question 3 of 14:
Select an answer:
The US GAAP provides rules and guidance
for what two primary financial reporting
purposes?
Return to course
recognition and measurement
risk assessment and presentation
recognition and presentation
Open
initial and subsequent measurement
Previous
Skip
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Case study: general accounting
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Accounting practice problem (first three sub parts have been answered , just need remaining sub parts answered)- I attached a picture of the instructions and I attached a picture of the excel spreadsheet. Anywhere it says "formula" on the excel spreadsheet, needs the formulas (answers).
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Related Questions
- Strictly type-written Required: • Ledger • Guide Questionsarrow_forwardPlease send to my email add: Mhardzpurple@yahoo.com Name Date Email Add: CHAPTER 1 TEN-MINUTE QUIZ Circle the letter of the best response. 1. The primary objective of financial reporting is to provide information A. In an ethical manner. B. To the professional accounting associations. C. To people outside the company for making decisions. D. Useful to managers in making daily decisions. It is vital that company accountants and their auditors behave in a(n) A. professional 2. manner. B. ethical C. prudent D. elitist 3. Which of the following statements is false? A. The proprietorship form of business organization protects the personal assets of the owners from creditors of the business. B. A proprietorship has a single owner. C. Accounting is the information system that measures business activities, processes that information into reports, and communicates the results to decision makers. D. The Accounting Standards Board sets the rules for how accounting is practised in Canada. 4. Level…arrow_forwardEthics case: Uncollectible Accounts Introduction The purpose of this discussion forum is to give you an opportunity to apply your critical-thinking ability to the knowledge you’ve gained. The assignment provides you with an opportunity to develop your research, analysis, judgment, and communication skills. You also will work with other students, integrate what you’ve learned, apply it in real-world situations. This practice will broaden your knowledge and further develop your decision-making abilities. The assignment achieves learning objective 5. The assignment information is given below; You have recently been hired as the assistant controller for Stanton Industries, a large, publicly held manufacturing company. Your immediate superior is the controller who, in turn, is responsible to the vice president of finance. The controller has assigned you the task of preparing the year-end adjusting entries. In the receivables area, you have prepared an aging of accounts receivable and have…arrow_forward
- > Week 9 Assignment 9.4 Assignment 9.4 - BUSINESS PLAN Upload your assignment through the link provided in this week's assignments folder. The financial and accounting statements provide the information needed to measure the projected success of the business plan. The recipient of the business plan will want to have an understanding of this information in assessing the performance of the proposed business plan. The two questions to answer are the following: a. What information will be needed to develop the accounting and financial statements. b. What information is needed to explain the importance of these statements to the other business functions. The discussion shall be approximately 1½ to 2 pages in length, doubled space, using a size 12 font. Any direct quotes or the paraphrase of unique thoughts of others should be properly cited and referenced using general APAarrow_forwardWhere can a primary admin accountant user view the apps connects to a client's quickbooks online from within quickbooks online accountant?arrow_forwardPrior to Tuesday midnight of Week 5, post at least once about this week's Wiley assignment. You are highly encourage to ask your fellow learners for help or share your own insight as you work through the assignment. Try to add constructive points to the discussion rather than, for instance, simple comments about the difficulty of the assignment. Some guiding points: What were some interesting management accounting concepts that came up this week? At this point, do you see the management accounting approach being more or less useful than financial accounting for you? Why?arrow_forward
- Question content area top Part 1 (Comprehensive Problem) Suppose that you are in the fall of your senior year and are faced with the choice of either getting a job when you graduate or going to law school. Of course, your choice is not purely financial. However, to make an informed decision you would like to know the financial implications of the two alternatives. Let's assume that your alternatives are as follows: If you take the "get a job" route you expect to start off with a salary of $35,000 per year. There is no way to predict what will happen in the future, your best guess is that your salary will grow at 4 percent per year until you retire in 42 years. As a law student, you will be paying $30,000 per year tuition for each of the 3 years you are in graduate school. However, you can then expect a job with a starting salary of $75,000 per year. Moreover, you expect your salary to grow by 7 percent per year until you retire 36 years later. Clearly, your…arrow_forwardLesson 6Posting the Journal Entry to the T-Accounts Learning Outcomes:Students are expected to:1. Post the journal entries into the T-accounts2. Determine the exact amount of the account On Jul1 1, 2016, Mr. Jan Jacob C. Solon opened the Hubbies Hair and Beauty Salon. The following transactions took place during the first month of operation:July 1 - Php 200,000.00 was invested by the owner.- Paid installation of utilities, Php 7,200.002 - Paid business permits and licenses to the government, Php 3,500.00Paid advance rent for the salon space, Php 10,000.003 - Purchased equipment on account amounting to Php 85,000.00 - Purchases salon supplies in cash, Php 25,000.005 - Served various customers and received cash, Php 9,600.007 - Rendered services, Php 12,000.00 and only 9,000 cash was received. The rest was on account.10 - Received cash, Php 8,200.00 from various customers.13 - Received Php 23,500.00 cash from various customers while Php 2,400.00 worth of services were…arrow_forwardAssignment Description and Instructions Suppose you are a part of a group of students from a prominent university and were sent out as a team to work with a leading merchandizing company as a part of a work experience program. The team having been introduced to the general manger was told that the Accountant who normally prepares the financial statements has suddenly resigned and there is no one available to prepare the company’s financial statements which are now due. As aspiring university students, you and your group members have expressed an interest in taking on the task. As a group, you are required to collaborate and analyse the problem at hand then apply the accrual basis of accounting in the preparation of the company’s financial statements. The problem to be resolved: The following trial balance was extracted from the books of Scholes Farm Ltd December 31, the end of the company’s financial year. The company is owned by Paul Scholes and is in the business of buying and…arrow_forward
- Question 3 Nina is using Books review to complete a month-end close for a client. What are 3 workflow tabs in the Books review center? Transaction review, Account reconciliation, Final review Open issues, Account reconciliation, Final review Transaction review, Bank reconciliation, Final review Transactions, Accountant review, Final reviewarrow_forwardThe Learning Journal is a space where you should reflect upon what was learned during the week, how it applies to your daily life, and how it will help you with your life/career goals. For this week’s reflection, please write three complete and well-composed paragraphs (in your own words) in which you use, as an example, a company that operates where you live that has recently entered into business or has significantly expanded its business. Describe what kind of planning that company probably performed to be able to successfully start or expand its business.arrow_forwardAccounting excel practice problem - I already solved the first few sub parts to this question - I just need the last sub part answered. I attached a picture of the instructions and a picture of the excel spreadsheet to answer the remaining "formulas".arrow_forward
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SEE MORE QUESTIONS
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Recommended textbooks for you
- Century 21 Accounting Multicolumn JournalAccountingISBN:9781337679503Author:GilbertsonPublisher:Cengage
- Pkg Acc Infor Systems MS VISIO CDFinanceISBN:9781133935940Author:Ulric J. GelinasPublisher:CENGAGE L
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:9781337679503
Author:Gilbertson
Publisher:Cengage

Pkg Acc Infor Systems MS VISIO CD
Finance
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:CENGAGE L