Assignment
Financial Statement
The Assignment is based upon the Comprehensive Problem involves the completion of a comprehensive accounting process.
PART I.
Download and review the Signature Assignment: The Accounting Process [DOWNLOAD] for the transactions and additional steps to complete.
Download and review the Signature Assignment: Excel Template [DOWNLOAD] you will use for this assignment. (see attachment)
All areas of the problem must be completed.
In addition, please note the additional requirements pertaining to the need to complete closing entries and the Statement of Cash Flows.
PART II.
After constructing the financial statements, address the following questions in a report format (700-950 word count range) in accordance with APA standards.
In comparing the financial performance of this company from the previous month to the current month, what are your observations? Has performance improved? In your discussion, you can highlight areas including income statement results, current assets versus current liabilities (liquidity), etc.
What recommendations would you provide to this company regarding future performance and ongoing strategies for success?
Discuss the recommendations that you would provide regarding this company's accounting processes. What steps can accountants take to ensure that transactions are recorded in an efficient manner, financial statements are developed efficiently and accurately, etc.
Similar to the written paper requirements, discuss what Biblical principles should be implemented for the type of business presented under this Comprehensive Problem.
Again, the second section of this assignment involving the questions (above) should be addressed by composing a written document in accordance with APA standards, and cite a minimum of 1 scholarly peer reviewed journal articles and 1 Scriptural references; be sure to integrate a minimum of 2 Biblical principles. (700-950 word count range).
Formatting Requirements
700-950 word report
APA style formatting.