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Define the internal and external users of financial information. Analyze basic financial information provided through a company's annual report.
Assess specialization in relation to comparative advantage and the new trade theory/strategic trade policy.
Provide a screenshot of the corporate's latest reported income statement. Explain the nature of each item in the income statement.
How did the company you researched compare to the industry in maintaining its payroll process, based on the AIS framework?
Specify your major and identify your career plans. Explain how accounting might help you in your career if you are not planning to be an accountant.
Identify additional social media channels that can be used to enhance their business and profits.
What did the non-compete agreement say and why was it such a big deal that the attorney general of Illinois got involved and sued Jimmy Joh's?
Review the balance sheet for a firm that you either currently work for. What considerations would you have for the business regarding each asset account?
Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Compute the gross margin for FIFO method and LIFO method.
Which do you feel would be best applied in your current (or a former) place of employment, and why?
Identify a specific consumer product that you or your family have used for quite some time.
Identify a company, business, or organization in your community, and share some examples of current and long-term liabilities for that company.
Prepare the journal entry for the purchase of the oven and the issue of the note payable on November 1, 2020.
Reflecting on this lesson about financial statement analysis, identify five financial ratios that you feel are the most important and why.
Explain why adjusting entries are necessary at the end of an accounting period. Identify example of an adjusting journal entry for various types of transaction.
Compare the tax advantages of debt versus equity capital formation of the corporation for the client.
What is the difference between your running a budget deficit and adding to your own personal debt and the federal government running a budget deficit?
You will define and calculate the remaining six major cost elements of a business, when given the Total Costs and the Quantity Produced.
Why do you think the A/P clerk needs the New Expenses account? Who needs to know this information and what action should you consider?
How should the assets be divided? How should paintings and other artwork created before the formation of the partnership be divided?
Economics believes that opportunity costs should always be considered. With which of these statements do you agree? Why?
Which system do you think is better: perpetual or periodic? Which system would you recommend for the type of inventory that Natalie wants to sell?
Reflecting on the information presented in this unit, if you were the owner of a jewelry store, what type of internal controls would you implement? Why?
Very briefly describe how you obtain the amount of the entry? Write the journal entry that is related to the ENDING inventory from an intercompany sale.
Explain two internal controls the school is implementing well, two internal controls school improve on and two internal controls that could open door to fraud.