Category: Accounting

This question focuses on how accounting helps record transactions and maintain accurate financial information in businesses.

Berkshire Hathaway, Inc. is a holding company owning subsidiaries that engage in a variety of different business activities including insurance, freight rail transportation, utilities and energy, manufacturing, services, and retail. Visit

Requirements

1. Review Note 3 (Investments in fixed maturity securities). At December 31, 2021, what type of investments in securities with fixed maturities did the company hold?
2. Review Note 4 (Investments in equity securities). At December 31, 2021, what type of investments in equity securities did the company hold?
3. Review Note 5 (Equity method investments). At December 31, 2021, what was the most significant equity method investment, and how much was this investment?

Overview

Since visualization plays an important role in business communication between consultants and stakeholders, Power BI is a popular tool to use with Excel data analysis worksheets. In this scenario, you will continue to work as a business consultant trainee with the TC Ice Cream client.
Your manager has advised you to use Power BI to recreate multiple charts that you initially generated in Module Two for the TC Ice Cream Management team. Remember that the team is interested in whether specific trends are identified that can help grow its business through improved operations and sales. TC Ice Cream uses Power BI as its main data visualization tool; therefore, you believe that using this tool will help you communicate your analysis in a familiar and meaningful way.

Prompt

Your task is to create multiple charts using Power BI as part of your continued analysis to help TC Ice Cream grow its business through improved operations and sales. Follow the directions in the to create a trend chart and a column chart in Power BI.

Specifically, you must address the following rubric criteria:

1. Create a trend chart to represent the subcategories of the data.
   • Use Power BI on the virtual desktop infrastructure (VDI) to complete this step.
   • Use the TC Ice Cream Excel Workbook available to you on the VDI.
   • Recreate a trend chart in Power BI from your completed TC Ice Cream Division Analysis worksheet.
   • Articulate and appropriately label the chart you created in Power BI.
   • Take a screenshot of the chart, paste it in a Microsoft Word document, and convert it to a PDF.
   • Name the PDF as follows: Power_BI_Chart3.
2. Create a column chart to represent the subcategories of the data.
   • Use Power BI on the VDI to complete this step.
   • Use the TC Ice Cream Excel Workbook available to you on the VDI.
   • Recreate a column chart in Power BI from your completed TC Ice Cream Division Analysis worksheet.
   • Articulate and appropriately label the chart you created in Power BI.
   • Take a screenshot of the chart, paste it in a Microsoft Word document, and convert it into a PDF.
   • Name the PDF as follows: Power_BI_Chart4.

What to Submit

Submit each Power BI chart screenshot in a PDF format. Name the charts as instructed in the prompt: Power_BI_Chart3 and Power_BI_Chart4.

Module Seven Power BI Assignment Rubric

Complete three accounting exercises in which you prepare a bank reconciliation and journal entries and compute asset depreciation using a provided worksheet.

Expand All

Introduction

All business organizations, whether a large corporation or sole proprietorship, need to maintain internal control over the assets belonging to the business. Managers and owners place a high priority on internal control systems because they can prevent avoidable losses, help managers plan operations, and monitor organization performance.

Overview

This assessment consists of three accounting exercises provided in the Internal Control and Accounting for Assets Worksheet. Use this worksheet to record and submit your solutions for Exercises 3-1, 3-2, and 3-3.

Preparation

In addition, practice problems for each exercise are provided in the practice problems worksheet. This worksheet and the answer key can be found in the Resources area of this assessment and are optional.

Instructions

To complete this assessment, please finish the exercises provided in the following document:

• .

Submission Guidelines

Submit your completed worksheet for faculty evaluation. Please do not submit completed practice problems with your assessment.

Competencies Measured

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:

• Competency 2: Apply accounting principles as the language of business.
  • Prepare a bank reconciliation.
  • Prepare bank reconciliation journal entries.
  • Prepare accounts receivable journal entries.
• Competency 3: Communicate the effects of business events on an organization’s financial structure.
  • Compute plant asset depreciation using two different methods.

its in Cengage

Discussion topic

Your uncle and two friends started a small hardware store several years ago. The company has expanded and now has several large locations. Your uncle knows that you are taking a financial accounting class and asks you the following question:

We have some friends who own a hardware store in the next state. They had been having some trouble, so at the beginning of the current year, our company bought 35% of their company for a considerable amount of money. We have plans to help them get their operations turned around. We believe, in the long run, that this investment will be very profitable as they begin to make the changes we suggest. This year, that other company only made a profit of $40,000 and paid a total cash dividend of $10,000. However, in the future, we believe that they will do much better. Weve never owned a portion of a business like this before. How do we go about accounting for our ownership interest in this other company? How would you respond?

=======================================================================================

Please respond to each of the following questions.

Part 1:

Your roommate is an English major. The roommates parents own a chain of ice cream shops located throughout Florida. One day, while returning a book at the library, your roommate poses this question:

My parents came up with this great idea. They started selling gift cards this year right before Christmas. A lot of our older customers bought bunches of these cards to give to their children and grandchildren as presents. This was one of my parents best ideas ever; the money really poured into each of the shops. However, when I asked my parents about their net income for the year, they said that these sales had not affected net income. That makes absolutely no sense. They sold thousands of gift cards for ice cream and got real money. How could their net income have not gone up through the roof? How would you respond?

Part 2:

Your roommate is an English major. The roommates parents own a chain of ice cream shops located throughout Florida. One day, while warming up to go jogging, your roommate poses this question:

My parents plan to build four new shops in the next year or so. They will need several million dollars to construct these facilities and add the necessary equipment and furniture. I thought they were going to obtain this money by adding one or two new owners. Instead, they borrowed the money by issuing bonds to a number of investors throughout the state. I dont like debt; it scares me. I dont understand why they would have taken on so much debt when they could simply have gotten new ownership involved. Why would they have made this decision? How will this affect their financial statements in the future? How would you respond?

Defend your answer to both parts with at least one article found in the CSU Online Library and include a reference list at the end of your response. The following tutorials may be helpful in locating articles in the library.

Assignment Description:

Signature Assignment Title: Analytic Essay

Signature Assignment Directions:

In this 2000 word essay, think about an organizational improvement initiative that you would like to make in an organization of your choice. This initiative might focus on improved profitability, better customer service, new products or services, greater organizational efficiencies, cost control etc. The context for your analysis could be your current or previous work organization, religious institution, community organization or an organization that serves you as a customer.

What specific accounting data might best help you manage the problem or systemic issue you are addressing? What insights would such data produce? If such accounting data is not currently available, what might be done to generate such accounting metrics? How might the existing accounting data be misleading or biased in relation to the insights you are seeking?

Signature Assignment Points: 300

help me fill the template asap, need in 10 minutes

Recording example: A business logs daily sales and expenses in its ledger.

Summarizing example: Preparing financial statements like income statements or balance sheets from recorded data.

Please listen to the following video that discusses using AI in the Accounting and Finance Professions.

Please discuss professional ethical issues in using AI for accounting and finance professional tasks suck as research, completing transactions, etc. Some points to ponder:

• What are the limitations of AI?
• What are the benefits?
• Where should accountants use caution in AI for Accounting Research?
• What are some ethical issues that arise?

Discussion Guidelines

• Use a business report format – see attachments
• Do additional outside research to add knowledge and strength to your post (be sure to provide references in APA format for any outside research used)
• Your initial post should be well written and between 250-400 words