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Prepare a statement of cash flows for 2011 for Bluebonnet Bakers. Use the direct method for reporting operating activities.
Analyze each transaction and classify each as a financing, investing and/or operating activity (a transaction can represent more than one type of activity).
Prepare Tiger Enterprises' statement of cash flows, using the indirect method to present cash flows from operating activities.
Prepare summary journal entries for 2011 and 2012 to account for the installment sales and cash collections. The company uses the perpetual inventory system.
Explain the major differences between equity and debt financing and discuss the primary ways in which each would affect the future of the partners' business.
Compute and illustrate the effect on the income statement for the year ended December 31, 2015, and for the balance sheet as of December 31, 2015.
Explain the purpose of adjusting entries. How is net income affected if adjusting entries are not made? Describe four closing entries and explain their purpose.
Compute the overall effects of these transaction on the store's reported income 2014.
Describe them and explain why they must be estimated. How are the financial statements affected if they are not estimated?
Prepare IBM's accounting entries for 2015. Construct a table showing payments of interest and principal made every year for the five-year lease term.
Identify GAP areas that need to be addressed in a CRM implementation. Propose high-level recommendations to close those GAPS.
You may be asked to interpret how the technical standard is applied or what the objective(s) of the related GAAP rules are attempting to address.
What do you learn about your company in this area? How might cost issues including profitability relate to these topics for your company?
What do you need to do to get controls in your accounting system? Why are controls important? How can you self-audit?
Prepare a cash budget for each of the months of July, August, and September. (Round amounts to the dollar.)
Draft a brief response to Margaret sharing your findings and plan for how you will correct the errors in the computerized accounting software.
Briefly describe types of derivatives used. Are they being used as hedges? According to the company, were the hedges effective?
Do you have any suggestions on things they could be doing to improve these ratios? Discuss what you found for each of the eight ratios.
Can you think of a way a company could use information from an applicant's social media post without running the risk of being accused of hiring discrimination?
Why might a corporation's managers agree to pay a large fine rather than to be indicted and proceed to trial?
Calculation of the earnings per share. Prepare a statement of cash flows. Draft a complete set of financial statement disclosure notes.
In which financial statement(s) is cash reported? Discuss restricted cash and negative cash balances. Discuss the five basic principles of cash management.
Are the short-term creditors, long-term creditors., and stockholders interested in the liquidity and profitability of an organization as well? Explain.
Write about would you recommend a company to rely more on the fixed budget or flexible budget and why.
Which overall type of accounting standard do you prefer; GAAP or IFRS, and why?