Week 1 Accounting

Course: Principle Of Healthcare Finance Which of the following statements best describes the role of the Chief Financial Officer?     The main job duties will center around preparing financial documents, collecting data for monthly journal entries, and prepping yearly statements     The primary responsibility is to supervise all clinical aspects of the organization     Overall responsibility for the operating and capital budgets, and normally oversees capital investments and financing.     The only responsibilities are for payroll, accounts payable, accounts receivable, and tax compliance

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…

Subject: acounting

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…

Hh.: subject: account

For this writing assignment please state your major. Then, based on health administration majors, pleasewrite a memo to your boss, explaining how the video Planet Popcorn and the accounting course helped you understand the need for accounting in order to properlyrun the business related to your major.In the body of your writing it would be useful for you to:1. Identify the potential business problems and2. Suggest appropriate solutions to the problems.A total of one to two pages should be sufficient Memo format  state sources used

Please analyze, assess, and synthesize the Annual Report or Form 10-K or Form 20 - F (whatever they call it in that jurisdiction) of the company you choose. You can usually find it on the Company's website in Investor R. Introduction 2. Industry situation and company plans A. Management Letter B. B. Review Company's Products and Services 3. Financial Statements A. Income Statement B. Cash Flow Statement C. Balance Sheet D. Accounting Policies 4. Financial Analysis & Ratio A. Financial Analysis B. Ratio C. Market Indicator Financial Ratios 5. References 6. Complete Calcuation of Part 4 in excelLimi

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

For the purpose of process analysis, which of the following measures would be considered an appropriate flow unit for analyzing the main operation of a local accountingfirm? Instructions: You may select more than one answer.a. Number of accountants working each weekb. Number of tax returns completed each weekc. Number of customers with past-due invoicesd. Number of reams of paper received from suppliers

Respite Company has contracted you to develop a chart of accounts for their company. Their company consists of the following associates: Board of Directors CEO, CFO, COO VP of Human Resources, VP of Manufacturing, VP Sales & Marketing, VP of Research and Development Manager - Human Resources Manager - Manufacturing Manager - Sales Manager - Marketing Manager - Finance Manager - Treasury   Develop a chart of accounts with reporting structure. Discuss how some of these roles may share responsibilities and resources.

Advanced Accounting requires many rules and regulations. The latter come from many sources. In your Journal this week you will research two rules or regulations that pertain to Advanced Accounting topics and submit them to your Unit 1 Journal. For each of the rules or regulations, answer the following questions. What is the name of the rule or regulation? What agency or government created the rule or regulation? Does any agency or government have the power to enforce the rule or regulation? If so how? If not, does this hinder the enforcement of the rule or regulation?

In the New Company File Assistant, before pressing the Next button in the 'Create your company file' window, Isabella wants to confirm some of the company settings you selected when creating the company file in MYOB. Isabella asks you to select the correct options that appear throughout the New Company File Assistant that correspond to the company settings required for Hi-Fi Way in MYOB:   12 accounting periods and 'Other' as the industry classification of the business   June as the conversion month and a financial year starting in January   12 accounting periods and 'Retail Business, Other' as the industry classification of the business   January as the conversion month and a financial year ending in July

Prepare an explanatory memorandum about financial performance and record keeping requirements. The operations manager of Metharom Construction has asked you to prepare an explanatory memorandum for the accounting staff. They have requested that you include the following information: A) a description of a minimum of 5 financial records that the company must maintain B) any three factors while selecting software that could assist with finance management for small business C) list any 5 regulatory requirement for lodgement and payment of statutory obligations D) a set of policies to for Debt recovery procedures (minimum 3) E) explain how financial performance will be monitored (include a minimum of 2 key performance indicators) F) set of minimum 6 written financial procedures for Metharom which will help in financial health check for stakeholders G)This document must then be sent electronically to the Operations Manager (your assessor) as well as submitted in hard copy.

Indicate in the following chart the most likely source of information for each business decision. Use M for managerial accounting information and F for financial accounting information. Business Decision 1. Determine whether to lend to a company 2. Evaluate a purchasing department’s performance 3. Report financial performance to board of directors . 4. Estimate product cost for a new line of shoes 5. Plan the budget for next quarter . 6. Measure profitability of an individual store 7. Prepare financial reports according to GAAP . 8. Determine location and size for a new plant

get PDF of the earnings transcript of the company System Control and Management Interface for the most recent quarterly earnings announcement. In less than one page to pull three topics that the analysts seems to target for questions. Write a short summary of the themes AND provide copy of the earnings transcript you are reviewing. The purpose of this exercise is for students to realize that in addition to your own analysis the street analysts offer insight into the firm as well.

General discussions - Week #1 on forensic accounting

not use ai please

Question 2 The Bramble Dental Clinic provides both preventive and orthodontic dental services. The two owners, Reese Dinkle and Anita Frizell, operate the clinic as two separate investment centers: Preventive Services and Orthodontic Services. Each of them is in charge of one of the centers: Reese for Preventive Services and Anita for Orthodontic Services. Each month, they prepare an income statement for the two centers to evaluate performance and make decisions about how to improve the operational efficiency and profitability of the clinic.Recently, they have been concerned about the profitability of the Preventive Services operations. For several months, it has been reporting a loss. The responsibility report for the month of May 2017 is shown below.     Actual   Differencefrom Budget Service revenue   $39,000     $900 Favorable Variable costs:                 Filling materials   4,000     110 Unfavorable     Novocain   4,100     90 Unfavorable     Supplies   2,100…

Which of these tasks is an accounting function as opposed to a financial management function?     Submitting a proposal to purchase a new piece of medical equipment to the board of directors     None of these     Working with the manager of the environmental services department to determine appropriate staffing levels     Preparing the organization's quarterly income statement

What is the propuse of a statement of activities in government-wide financial reporting?

Looking Back The AICPA would like you to deliver a speech at one of its upcoming conferences on the future of accounting information systems.   Use the Internet or Strayer University Library databases to review accounting conferences sponsored by the American Institute of Certified Public Accountants (AICPA). Select one conference from your search and formulate the takeaway message and key points that you would want your audience to remember from your speech. Reflect on two key takeaways you had in this course and reflect on how you will use utilize this knowledge in the future. Be sure to respond to at least one of your classmates' posts.

We have focused mainly on the financial statements and ratios this week. You decide to practice what you have learned by preparing your own personal balance sheet and income statement as of last month. What do you think you would be able to infer from your completed statements? Do you think you would appear to be liquid? Would your income statement reflect an adequate balance? How can this analysis help you in terms of spending?

B1.  Account