Category: Accounting

I have Questions about Managerial accounting also the theoretical frameworks

i will send the the questions (cite relevant for all answer)

(word limit:500)

You are the audit senior at Brown & Associates and have been assigned to the audit of Location Ltd (Location) lot the year ended 30 June 2020. Location manufactures GPS navigation systems for motor vehicles and exports these to car manufacturers in South Korea and Japan. The South Korean market has grown rapidly over the past two years and has become the companys most significant customer base, representing 75 per cent of Locations revenue. All contracts are payable in US dollars.

In the past three months, the volume of orders from Locations South Korean customers has fallen 20 per cent, and two major customers have requested extended payment terms.

Location is also under pressure from Chinese competitors who have undercut Locations prices by 35 per cent.

REQUIRED

a) Identify one key assertion that may be at risk for both inventory and accounts receivable accounts and explain why.

b) For each of the assertions you identified above, recommend one specific substantive test of detail that would be most responsive to the risk identified.

Hi. I have 3 assignments for the finance course. I have attached it in one folder and below is the instructions:

Assignment 1: Article Critiques

Instructions:

For each article critique, begin with writing the title of the article (article #5 contains another file with questions, you should answer the questions along with the article critique as follows):

1. Citation (APA)

2. Introduction

Brief overview of the article and its purpose.

3. Summary

Key points and findings.

4. Critical Analysis

– Methodology

– Financial Analysis

– Evidence

– Strengths

– Weaknesses

5. Relevance to Healthcare Management

6. Conclusion

Homework 1:

Instructions:

• Brief Introduction
• Analysis (clear and concise)
• Conclusion

Homework 2:

Answer it as you see is correct.

*Please note that this is Masters degree level and I want professional answers and 0% use of AI.

Accounting principles are basic rules and guidelines used for preparing financial statements consistently and accurately.

Major Accounting Principles

Principle:-

Meaning

1.Going Concern

(Business will continue in future)

2.Consistency

(Same accounting methods every year)

3.Accrual

(Record income/expenses when earned/incurred)

4.Matching

(Match expenses with related revenue)

5.Prudence

(Avoid overstating profit/assets)

6.Cost Principle

(Record assets at original cost)

Explain the main causes of inflation in developing countries and its economic and social effects. Include factors such as demand-pull and cost-push inflation, and discuss impacts on purchasing power, income distribution, and economic growth. Provide clear examples.

just need to get an A on this assignment, include tables and everything that is asked for part 1 and 2.

a) started business with cash rupees 50,000 and goods rupees 30,000

b) purchased goods for cash rupees 30,000 and on credit from karan rupees 20,000.

c) goods costing rupees 40,000 were sold for rupees 55,000 for cash.

d) withdrew cash for personal use rupees 10,000.

c) rent outstanding rupees 2,000

2025

March 2 purchased goods for rupees 3,00,000 on credit .

5 sold goods for rupees 4,00,000 on credit.

10 purchased computer printer for office for rupees 50,000 and payment made by cheque.

20 legal consulation fee of rupees 10,000 paid in cash .

22 rent of rupees 20,000 paid by cheque .

31 payment made of balance amount of gst

Scenario

A company has hired you as a new controller. For the past 10 years, the company has used paper-based documents for financial reporting. The CEO has decided to move over to a computer-based accounting system. As you begin to gather documents, you notice that the original controller did not have a clear filing system, the documents are unorganized, and you feel some documents may be missing.

In the first few weeks of your transition, you meet with each member of your accounting team to review their duties. When you meet with members of the team, you are informed that the previous controller did not use a clear monitoring system. When asked, team members were unclear about who monitored whom. You know that the lack of clarity will impact financial statements.

As you begin to prepare for the first board meeting, you go back to previous records. The CFO has told you that monthly financial statements must be completed by the 10th of each month. Looking through the records, you notice that the previous controller wasnt completing the financial statements until around the 15th of the month.

This assignment will strengthen your abilities to use professional standards to justify internal controls in financial reporting, which will support your work in your project.

Directions

Write a memo to the CFO as the new internal controller regarding the current situation of financial reporting.

Specifically, you must address the following rubric criteria:

1. Explain one area of concern from the scenario that relates to financial reporting. Include the following in your response:
   1. Professional accounting standard of concern
   2. Purpose of professional standards in financial reporting
   3. Violation of internal control
2. Analyze the relationship between internal controls and financial reporting based on the area of concern identified from the scenario. Include the following in your response:
   1. Ethical considerations
3. Provide suggestions to remediate the area of concern identified from the scenario. Include the following in your response:
   1. Suggested internal control implementation
   2. Professional accounting standards for remediation

What to Submit

Submit your memo as a 2- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style.

AI Usage

If you use gen AI tools to support your work on this assignment, be sure to follow . You must acknowledge your use of these tools in your work. Guidelines on how to cite AI tools can be found in .

Module Two Activity Rubric

Criteria	Exceeds Expectations (100%)	Meets Expectations (90%)	Partially Meets Expectations (70%)	Does Not Meet Expectations (0%)	Value
Area of Concern	Exceeds expectations in an exceptionally clear, insightful, or sophisticated manner	Explains one area of concern from the scenario that relates to financial reporting	Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include adding details related to explaining one area of concern from the scenario that relates to financial reporting	Does not attempt criterion	30
Relationship Between Internal Controls and Financial Reporting	Exceeds expectations in an exceptionally clear, insightful, or sophisticated manner	Analyzes the relationship between internal controls and financial reporting based on the area of concern identified from the scenario	Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include adding details related to analyzing the relationship between internal controls and financial reporting based on the area of concern identified from the scenario	Does not attempt criterion	30
Suggestions	Exceeds expectations in an exceptionally clear, insightful, or sophisticated manner	Provides suggestions to remediate the area of concern identified from the scenario	Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include adding details related to providing suggestions to remediate the area of concern identified from the scenario	Does not attempt criterion	30
Clear Communication	Exceeds expectations with an intentional use of language that promotes a thorough understanding	Consistently and effectively communicates in an organized way to a specific audience	Shows progress toward meeting expectations, but communication is inconsistent or ineffective in a way that negatively impacts understanding	Shows no evidence of consistent, effective, or organized communication	5
Citations and Attributions	Uses citations for ideas requiring attribution, with few or no minor errors	Uses citations for ideas requiring attribution, with consistent minor errors	Uses citations for ideas requiring attribution, with major errors	Does not use citations for ideas requiring attribution	5
Total:					100%

Scenario

You are a management accountant for Gulf Coast Theaters, Inc., a new movie theater. Your accounting department is expanding, and your supervisor has asked you to put together a PowerPoint training presentation for new employees. Your supervisor has also asked you to ensure that this training provides an overview of break-even analysis, including the components, and assesses profitability based on break-even analysis.

The skills practiced in this assignment will help to support you in your project.

Directions

Using the template in the What to Submit section, create a PowerPoint presentation highlighting the components of a break-even analysis.

Specifically, you must address the following rubric criteria:

1. Explain the components of a break-even analysis.
2. Explain the importance of a break-even analysis.
3. Use the contribution margin per unit to calculate the break-even point in unit sales volume.
   1. Show your work on the slide by completing the formula used for this calculation.
4. Use the contribution margin ratio to calculate the break-even point in dollar sales volume.
   1. Show your work on the slide by completing the formula used for this calculation.
5. Assess the profitability of the organization based on the break-even analysis.
   1. Describe what the organization can do to earn a profit of $1,000.
   2. Identify two to three strategies that the organization may use to increase its net income.

What to Submit

Submit your 7-slide PowerPoint presentation with all the required sections by completing the . Sources should be cited according to APA style.

Supporting Materials

The following resource supports your work on this presentation:

Resource:
This document provides information about the organization.

AI Usage

If you use gen AI tools to support your work on this assignment, be sure to follow . You must acknowledge your use of these tools in your work. Guidelines on how to cite AI tools can be found in .

Module Two Assignment Rubric

Criteria	Exceeds Expectations (100%)	Meets Expectations (90%)	Partially Meets Expectations (70%)	Does Not Meet Expectations (0%)	Value
Components	Exceeds expectations in an exceptionally clear, insightful, or sophisticated manner	Explains the components of a break-even analysis	Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include adding details related to explaining the components of a break-even analysis	Does not attempt criterion	18
Importance	Exceeds expectations in an exceptionally clear, insightful, or sophisticated manner	Explains the importance of a break-even analysis	Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include adding details related to explaining the importance of a break-even analysis	Does not attempt criterion	18
Unit Sales Volume	Exceeds expectations in an exceptionally clear, insightful, or sophisticated manner	Uses the contribution margin per unit to calculate the break-even point in unit sales volume	Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include adding details to correctly use the contribution margin per unit to calculate the break-even point in unit sales volume and showing the work	Does not attempt criterion	18
Dollar Sales Volume	Exceeds expectations in an exceptionally clear, insightful, or sophisticated manner	Uses the contribution margin ratio to calculate the break-even point in dollar sales volume	Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include adding details to correctly use the contribution margin ratio to calculate the break-even point in dollar sales volume and showing the work	Does not attempt criterion	18
Profitability	Exceeds expectations in an exceptionally clear, insightful, or sophisticated manner	Assesses the profitability of the organization based on the break-even analysis	Shows progress toward meeting expectations, but with errors or omissions; areas for improvement may include adding details related to assessing the profitability of the organization based on the break-even analysis	Does not attempt criterion	18
Clear Communication	Exceeds expectations with an intentional use of language that promotes a thorough understanding	Consistently and effectively communicates in an organized way to a specific audience	Shows progress toward meeting expectations, but communication is inconsistent or ineffective in a way that negatively impacts understanding	Shows no evidence of consistent, effective, or organized communication	5
Citations and Attributions	Uses citations for ideas requiring attribution, with few or no minor errors	Uses citations for ideas requiring attribution, with consistent minor errors	Uses citations for ideas requiring attribution, with major errors	Does not use citations for ideas requiring attribution	5
Total:					100%