Explain how you would use perfomance analysis to identify what, if any, are Tom’s training needs.
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Tom Cruise is an undergraduate business student majoring in accounting. He has just failed the first accounting course, Accounting 101, and is understandably upset. Explain how you would use perfomance analysis to identify what, if any, are Tom’s training needs.
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- Identify factors in an ethical decision. Jim Sandrolini is an accountant for a local manufacturing company, Jim's good friend, Dan Carruthers, has been operating a retail sporting goods store for about a year. The store has been moderately successful, and Dan needs a bank loan to help finance the next stage of his store's growth. He has asked Jim to prepare financial statements that the banker will use to help decide whether to grant the loan. Dan has proposed that the fee he will pay for Jim's accounting work should be contingent upon his receiving the loan. Required: What factors should Jim consider when making his decision about whether to prepare the financial statements for Dan's store?Answer the question correctly. Thank you. What do you believe to be the primary advantage that human accountants have over many accounting software programs that are in use today? Please answer in 2 paragraphs. Do not be redundant in answering.Beverly Moore is struggling to pass her introductory accounting course. Beverly is intelligent but she likes to party. Studying is a low priority for Beverly. When one of her friends tells her that she is going to have trouble in business if she doesn’t learn accounting, Beverly responds that she doesn’t plan to go into business. She says that she is arts-oriented and plans someday to be a director of a museum. She is in the school of business to develop her social skills, not her quantitative skills. Beverly says she won’t have to worry about accounting because museums are not intended to make a profit. Please answer the following questions: -explain whether you agree or disagree with Beverly's position regarding accounting and not-for-profit organizations. -Distinguish between financial accounting and managerial accounting -Identify some of the stakeholders of not-for-profit institutions that would expect to receive financial accounting reports. -Identify some of the…
- Mohammed was recently interviewed for an accounting job. His employer told him that the job emphasizes precision and verifiability and involves preparing company-wide reports. Mohammed is probably going to work as: a. A Financial accountant b. A Management accountant O c. A Marketing specialist O d. A Human resource manager O e. None of the given answers MAR 18 stv MacBook Air DII F5 F6 F7 F8Hi, I have an Financial Management exam. These are examples of midterm questions. Please solving detaily, i need them. And I don't know much informations about this courseStudents will occasionally comment that they are studying to become accountants yet never mention Accounting Information Systems. Discuss the flaws in such reasoning.
- You are the staff accountant working at a local tutoring center. The monthly financial statements (Income Statement, Statement of Retained Earnings, and Balance Sheet) were just finalized and released to the employees of the tutoring center. You hear some of the other employees talking about the financial statements. In most cases, the employees do not understand the purpose of the statements. You have been asked by your supervisor to create a MEMO to be sent to the employees of the tutoring center that includes the following: Explain how accounting became a “norm” (what made a system of accounting necessary) and reflect on why YOU think it is beneficial for society as a whole to have a standard method of accounting.Mary Smith is the controller for ABC Printing Service. Mary has been putting in a lot of overtime; therefore, she has been allowed hire an assistant. Mary’s assistant is a bright, high school graduate, but he has never taken an accounting class. Mary is trying to decide which accounting activities could be delegated to her assistant. Mary is willing to give the assistant a few simple instructions on how to complete each task, but she doesn’t have time to teach the assistant to be an accountant. For each task listed, state whether Mary should continue to do the work or delegate the task to her assistant. Please explain each answer. List the account balances from the general ledger in the Trial Balance columns of the end-of-period spreadsheet. Add the Debit and Credit columns of the trial balance. Make the adjusting entries on the spreadsheet. Complete the spreadsheet. Type the formal financial statements using the data from the Income Statement and Balance Sheet columns of the…Mohammed was recently interviewed for an accounting job. His employer told him that the job emphasizes timeliness and relevance and involves preparing detailed segment reports. Mohammed is probably going to work as: а. A Human resource manager O b. A Financial accountant O c. None of the given answers O d. A Marketing specialist O e. A Management accountant
- Toshib is struggling to understand the impact of certain business transactions on the financial statements. She has very little accounting knowledge and feels intimidated by all the accounting jargon thrown around by her accountant friends. One day around a braai she raised her frustrations and gave a list of transactions of which she doesn’t understand the impact on the financial statements. As she is a good friend of yours, you willingly offer your help and asked her to put her concerns in writing. The next morning a thank you note was delivered to your office with the following list of transactions she required clarity on: 1. On 1 July 20x9 I started the business by opening a bank account with R150 000 and transferred office furniture which I had from a previous venture with a second-hand value of R35 000. 2. During the first month the following transactions occurred: 2.1 Opened an account with Magna Suppliers and bought R200 000 merchandise. 2.2 Bought a delivery vehicle from Max…Description and Instructions You are a student from a prominent university and were sent out to work with a leading merchandizing company as a part of a work experience program. Having been introduced to the general manger you were 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 student, you have expressed an interest in taking on the task. You are required to analyse the problem at hand then apply the accrual basis of accounting in the preparation of the company’s financial statements.
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