ACC 5301-20.02.02-5B25-S2, Management Applications of Accounting Unit VI Assignment This assignment measures your mastery of ULOs 2.5, 4.1, 5.2, and 6.1. You have been hired at ABC Manufacturing, and you have been asked to work on the budget for the upcoming year regarding labor costs and the number of employees needed. Complete the Unit VI…

This assignment measures your mastery of ULOs 1.1, 1.2, and 5.1. Assignment Objective: For this assignment, you will research and compare international and U.S. accounting standards. This will enable you to see how the different reporting methods affect business and how product costs are affected by international business. In the assignment you will do the…

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 explanation, or a disagreement). A mere “I agree”…

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 watch the video attached in this module to assist you with the assignment. Identify each…

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. Example: Account Debit Credit Cash Basis – Rent Expense $2,800 Cash Basis…

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 method? Why is the revenue recognition…

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 bank and $400 debit to other expense. The CFO realized the amount fictitious 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 statements below (a-c) to answer Question #1: Income statement (IS) Statement of owner’s equity (OE) Balance…

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), Future Value (FV), and Net Present Worth. You will evaluate the investment’s potential by…