Bright Academic Experts

Category: Accounting

  • Please reflect on your learning by listing three takeaways f…

    Please reflect on your learning by listing three takeaways from class in week 4. Please be as specific as possible and use examples.

    Requirements: 1 paragraph or a summary

  • Analysis and Research case: Accounting Information and salar…

    Answer needs to be done in Microsoft word

    Requirements: Long

  • FASB Report

    FASB Project: ACCT 310

    Accounting for Commodities: Analysis of the FASBs Ongoing Inventory Accounting Project.

    “The mission of the Financial Accounting Standards Board is to establish and improve standards of financial accounting reporting for the guidance and education of the public, including issuers, auditors, and users of financial information.” ()

    Project Objective

    Describe the history, current status, and adoption implications of a Financial Accounting Standards Board ongoing project.

    Requirements

    The FASB has several ongoing projects that involve the review of standards and which may result in updates and/or revisions of financial accounting standards. You should select an ongoing FASB project after visiting the Technical Plan and Project Updates sections of the FASB Web site.

    In a five – to seven-page report, with section headings, you should describe the project, its history (briefly), and the project’s status. The final section of your report should describe the implications of the project’s adoption. For example, a report might discuss a project that would result in accelerating the recognition of certain expenses and require additional disclosures.

    Specifically:

    • Familiarize yourself with the project, including information on the history and background of the project and its status.
    • Using resources at (including free access to U.S. GAAP codification if you register at the Web site as explained), identify the relevant GAAP and current standards involved. Discuss the proposed change (i.e., what will be different?) and the reasons for the change.
    • Using at least three different databases in the UMUC library, find at least five sources of information on this FASB project. As you conduct research, identify an actual case that may have provided the impetus for this proposed change, or that would have been influenced by the proposed change. At least two sources should be from scholarly or professional journals. Document your research progress in the research log. A research log template (sample research tracker) and sample research trackers are included in these project instructions. You should explore UMUC Library resources and our LEO Classroom Accounting Toolbox as well as the resources of major accounting firms and organizations.
    • Frequently the large Accounting Firms have extensive analyses of FASB topics. It is strongly recommended to become familiar with these websites. Occasionally they will also offer free webinars on FASB topics.
    • Prepare an annotated bibliography. UMUC provides training on this topic:
    • Identify stakeholders and the impact of the proposed change on each of the stakeholders (comment letters may provide good insight).

    Deliverables

    Write a five- to seven-page report (APA format, single spaced, standard report size, one-inch margins, and 12-pointfont) presenting the results of your work. Submit your report, research log, and annotated bibliography by the due date, or as otherwise instructed. Cover pages, abstract/ executive summary, table of content if you chose to include or bibliography / reference lists do not count toward page count.

    Your topic and research plan must be approved in advance by your professor in the discussion for FASB project. The topic should not be a repeat of your prior work.

    Format

    Submit your report and annotated bibliography as a Word document. The research tracker can be in either Word or Excel.

    Attached Files (PDF/DOCX): FASB Report (rewrite).docx, 310 FASB Project.docx

    Note: Content extraction from these files is restricted, please review them manually.

  • Defense PowerPoint for Capstone Project

    Please prepare a clear and professional PowerPoint presentation to support the Capstone Project defense. Maintain a professional design and consistent formatting. See attached rubric for presentation.

  • Homework Module 5 ACC 535

    Use the 2_Somerville_2013-2016 Excel data file that contains payments data for 2013 to 2016 for the City of Somerville in Massachusetts. This data was introduced in Case 2.1.

    There are 55,746 records (check payments) and a header row. The 15 check amounts equal to $0 were checks that were lost in the mail and that were later reissued for the correct amount. Do not treat them as missing values. Use new Excel worksheet and show your result or text for each question below. Students must provide Question # for each worksheet. If students fail to follow the direction, such homework assignment will not be graded. Students must upload the Excel file to the Assignment Folder for grading accordingly.

    Attached Files (PDF/DOCX): Homework 5 Case 61 Requirements.docx

    Note: Content extraction from these files is restricted, please review them manually.

  • Sarbanes-Oxley Act impact on AIS for small public companies

    ActDiscussion 3 – AIS and Sarbanes Oxley Act Please discuss the impact of the Sarbanes-Oxley Act on the AIS’s of small public companies. Remember, some public companies are so small that they have only a few employees. Thoughts to consider: 1. Is compliance worth it? Maybe better to go private? 2. What are the AIS requirements for SOX compliance for small public companies? 3. Can you find any examples on the web? 4. Do you have any personal experience with the issue? 5. Is using an ASP (Application Service Provider) always the best choice? When is it, and when is it not? 6. What are some specific software options? How will those options assist with compliance? 7. How do the various standards (e.g., COBIT) relate to small public companies? These are just thoughts to kick off the discussion. Please don’t view them as questions that you have to answer. Some tips on posting: 1. Please limit your total number of posts for this discussion thread to 3. Three posts are required – 1 for your unique opinion and 2 responses (see below grading instructions) 2. Do not exceed three posts. For each post of three, you automatically lose 3 points per additional post. 3. Consolidate different ideas into single posts. 4. Make clear sentences, check spelling, check grammar, avoid typos and simple mistakes to ensure maximum points. You should be treating this as something you would submit to your supervisor for final review of your work product. 5. Links need to be included in all 3 posts for where your research was came from – internet links are fine – just make sure they work. If they do not work, then they do not count. 6. NO AI – any AI used is an automatic 0 (ZERO) for the assignment, even if it is only in one post. All posts may or will be checked for AI – do not be surprised if they are. This is standard for written assignments. If you copy and past from somewhere, use quotes and references so you do not get flagged for AI usage. (see Plagiarism/AI quiz and syllabus) 7. Do not repeat what is already said – focus on your thoughts and new items. Duplicative items show that you did not read what was posted prior to completing your work. You should review all posts at the time of your submission to ensure you are not duplicating other’s items in your unique post. 8. It’s ok to agree or disagree with an existing post, or add to an existing post, but please don’t repeat. Grading Instructions and Content Expectations There is 10 points for your unique post including reference links (without reference links to material for your opinion or thoughts to show research you lose points). There are 5 points for post 2 and post 3, which are responses to your classmates that either agree or disagree with their post, the reason why, and links to your support for why you agree or disagree. This post is worth a total of 20 points.

  • Sarbanes-Oxley Act impact on AIS for small public companies

    ActDiscussion 3 – AIS and Sarbanes Oxley Act Please discuss the impact of the Sarbanes-Oxley Act on the AIS’s of small public companies. Remember, some public companies are so small that they have only a few employees. Thoughts to consider: 1. Is compliance worth it? Maybe better to go private? 2. What are the AIS requirements for SOX compliance for small public companies? 3. Can you find any examples on the web? 4. Do you have any personal experience with the issue? 5. Is using an ASP (Application Service Provider) always the best choice? When is it, and when is it not? 6. What are some specific software options? How will those options assist with compliance? 7. How do the various standards (e.g., COBIT) relate to small public companies? These are just thoughts to kick off the discussion. Please don’t view them as questions that you have to answer. Some tips on posting: 1. Please limit your total number of posts for this discussion thread to 3. Three posts are required – 1 for your unique opinion and 2 responses (see below grading instructions) 2. Do not exceed three posts. For each post of three, you automatically lose 3 points per additional post. 3. Consolidate different ideas into single posts. 4. Make clear sentences, check spelling, check grammar, avoid typos and simple mistakes to ensure maximum points. You should be treating this as something you would submit to your supervisor for final review of your work product. 5. Links need to be included in all 3 posts for where your research was came from – internet links are fine – just make sure they work. If they do not work, then they do not count. 6. NO AI – any AI used is an automatic 0 (ZERO) for the assignment, even if it is only in one post. All posts may or will be checked for AI – do not be surprised if they are. This is standard for written assignments. If you copy and past from somewhere, use quotes and references so you do not get flagged for AI usage. (see Plagiarism/AI quiz and syllabus) 7. Do not repeat what is already said – focus on your thoughts and new items. Duplicative items show that you did not read what was posted prior to completing your work. You should review all posts at the time of your submission to ensure you are not duplicating other’s items in your unique post. 8. It’s ok to agree or disagree with an existing post, or add to an existing post, but please don’t repeat. Grading Instructions and Content Expectations There is 10 points for your unique post including reference links (without reference links to material for your opinion or thoughts to show research you lose points). There are 5 points for post 2 and post 3, which are responses to your classmates that either agree or disagree with their post, the reason why, and links to your support for why you agree or disagree. This post is worth a total of 20 points.

  • Your Company #3 – Profitability, Liquidity, and Risk Analysi…

    Your Company #3 Ratio Analysis

    The most useful analytical tool for assessing profitability, liquidity, growth, and risk is financial statement ratios. Financial statement ratios express relations among various items from the three financial statements. Financial statement ratios are effective indicators of various dimensions of current profitability, liquidity, growth, and risk and serve as useful signals of future indicators of these performance measures.

    Analyze the profitability, liquidity, growth, and risk for Your Company.

    1. Use the same FSAP 9e spreadsheet you created for the Your Company (YC) #2 assignment.
    2. Select File > Save As and rename your spreadsheet as ACG 5153 YC3 LastName FirstName.
    3. Ensure that the data used in the analysis is correct before beginning this assignment. All the cells in lines 154 thru 156 (FINANCIAL DATA CHECKS) on the “Data” tab, and lines 14 thru 17 (DATA CHECKS) on the Analysis tab of the FSAP 9e spreadsheet file MUST show “0” as the calculated amounts.
    4. Review the PROFITABILITY FACTORS and RISK FACTORS ratios in the Analysis tab in rows 23 76 and rows 77 125.
    5. Add a new spreadsheet tab to the file. Name the tab “Independent Ratios” – Source Name.
        1. Locate a reliable source of independently calculated profitability, liquidity, growth, and risk ratios for Your Company for comparison/validation of the ratio measures in the “Analysis” tab.1 Cite the source and download the ratios for the most recent FIVE years for Your Company into the spreadsheet.
        2. Prepare a table to compare the independently sourced ratios to your FASP 9e ratios on the Analysis tab in the FASP 9e spreadsheet file, rows 23 – 76 and rows 77 – 125. That is, check to see if your FSAP 9e ratios agree with the independently sourced ratios located for Your Company.
        3. Investigate and explain any differences between the FSAP 9e ratios on the Analysis tab and the ratios from your independent source. Explain and proof any differences in the formulas used in the two calculations. Correct errors in data input and/or balance classifications, if any, contributing to the differences between the ratios.

    6. After completing 5.C. above, create another new spreadsheet tab titled Ratio Trends.

        1. In this tab prepare a written analysis of the trends in the ratios on the Analysis tab in rows 23 76 and 77 125, over the five-year period.
        2. Your written analysis must include a discussion of the trends for each of the PROFITABILITY FACTORS and RISK FACTORS ratios in the Analysis tab over the five-year period.
        3. In your comments, provide a reason or reasons why these trends have occurred. Cite information in Your Company’s Annual Reports including management’s comments, the schedules and notes therein, and other reliable published information about the company and the industry it operates in to support your comments.

    7. Save the data you entered in your spreadsheet file named as ACG 5153 YC3 LastName FirstName.

    8. Review the Rubric for Assignment Your Company #3 to ensure that your completed assignment meets the grading criteria.

    9. Submit your completed assignment in Canvas in the assignment by due date and time.

    Important Grading Rubric

    1. File Setup and Organization:A. New tabs created and Named Correctly: (Name of Independent Source) Ratios and Ratio Trends tabs are created and named correctly.

    B. Data Input and Formatting:Data in new tabs (tabs for ratios from an independent source for the most recent five years AND trend analysis comments), are complete, accurate, well-organized and clearly formatted for readability, including proper alignment, consistent fonts, and column/row labeling.

    2. Independent Source Ratio Tab:A. Data Comparison: Ratios form an independent source for the most recent five years are downloaded and compared accurately to the FSAP 9e ratios on the Analysis tab (rows 23 76 and 77 125).

    B.Accuracy of Comparison:Discrepancies, if any, between ratios from an independent source and FSAP 9e ratios are identified and recorded systematically.

    C. Explanations for Differences:Logical and well-researched explanations are provided for any differences identified during the comparison between ratios from an independent source and FSAP 9e ratios, with supporting evidence or reasoning.

    3. Ratios Trends Tab:A. Analysis of Profitability Ratios: Trends for all profitability factors ratios in rows 23 76 of the Analysis tab are clearly identified and described over the five-year period. Written analysis includes thoughtful reasoning behind observed trends, supported by logical explanations such as changes in company operations, market conditions, or industry factors.

    B. Analysis of Risk Ratios:Trends for all risk factors ratios in rows 77-125 of the Analysis tab are clearly identified and described over the five-year period. Written analysis includes logical and evidence-based reasoning for observed trends, supported by relevant business context.

    C. Depth of Comments:Analysis demonstrates critical thinking and connects trends to the broader financial performance and strategic direction of the company.

    4. Insightful Commentary:Comments and explanations reflect a deep understanding of financial ratios and their implications for the companys profitability, liquidity, and risk.

    Requirements:

  • HW5

    Please answer the following questions that are attached.

    Attached Files (PDF/DOCX): Reaction paper template 1.docx, Lawson 2017.pdf, Doughty Horn et al 2016.pdf

    Note: Content extraction from these files is restricted, please review them manually.

  • Draft of References, cover page, and abstracts

    First see instructions attached. See all documents completed to date with references. Please use to complete assignment.

    Attached Files (PDF/DOCX): Week 4 Weekly Search and Annotated Bibliographies Report.docx, Week 3 Weekly Search and Annotated Bibliographies Report.docx, Week 5 Weekly Search and Annotated Bibliographies Report.docx, Chapter 5 Discussion Conclusion and Recommendations.docx, Chapter 3 Methodology – FINAL v2.docx, Chapter 1 Introduction – FINAL.docx, Chapter 4 Results.docx, Chapter 2 Literature Review.docx, Chapter 2 Literature Review.docx, Instructions.docx

    Note: Content extraction from these files is restricted, please review them manually.