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ACC 561 Week 1 Individual Financial Statements (2) Purpose of Assignment This activity helps students recognize the significant role accounting plays in providing financial information to management for decision making through the evaluation of financial statements. This experiential assignment requires students to use ratios to evaluate and analyze a company€™s liquidity, solvency, and profitability. Two-Rivers Inc. (TRI) manufactures a variety of consumer products. The company€™s founders have run the company for thirty years and are now interested in retiring. Consequently, they are seeking a purchaser, and a group of investors is looking into the acquisition of TRI. To evaluate its financial stability, TRI was requested to provide its latest financial statements and selected financial ratios. Summary information provided by TRI Document presented below. TRI Documents Required: Calculate the select financial ratios for the fiscal year Year 2. (use MS word or excel but excel is more recommended) Interpret what each of these financial ratios means in terms of TRI€™s financial stability and operating efficiency. Submit your assignment. ACC 561 Week 2 Individual: Small Business Analysis You are interested in establishing a small business. Write a paper between 1,000 and 1,500 words discussing your small-business idea. Include the following: Discuss your business idea and the product or service your small business provides. Identify which accounting method (i.e. cash versus accrual) you plan to use for your business. Why did you select this choice? List six business transactions you expect to incur with your company. State which accounts (from your chart of accounts) are impacted. Discuss how each business transaction (see point 3) impacts your income statement, balance sheet and statement of cash flow. Select one organization type (sole proprietorship, partnership, C-corporation, and S-corporation) for your company and explain why you selected this option. Format your paper consistent with APA guidelines. Deliverables: Paper (MS Word) and Turnitin report (Adobe PDF). ACC 561 Week 2 Accounting Methods Purpose of Assignment This week€™s activity illustrates the role a company€™s accounting method plays in financial statement reporting. In this assignment, students evaluate the events occuring in a business setting and determine how to properly analyze those events to identify the impact on both cash and accrual accounting methods. Resources Accounting Methods Grading Guide Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Commission (SEC) Tutorial help on Excel and Word functions can be found on the Microsoft Office website. There are also additional tutorials via the web offering support for Office products. Assignment Steps Scenario: BizCon, a consulting firm, has just completed its first year of operations. The company€™s sales growth was explosive. To encourage clients to hire its services, BizCon offered 180-day financing €“ meaning its largest customers do not pay for nearly 6 months. Because BizCon is a new company, its equipment suppliers insist on being paid cash on delivery. Also, it had to pay up front for 2 years of insurance. At the end of the year, BizCon owed employees for one full month of salaries, but due to a cash shortfall, it promised to pay them the first week of next year. As the senior accountant, the Chief Financial Officer has asked you to prepare a memo to be sent to management notifying them of the delayed wage payments. Prepare the memo in a maximum 700 words including the following information to better outline the situation: Explain how cash and accrual accounting differs for each of the events listed in the above scenario and describe the proper accrual accounting.
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CIS 291 Entire Course Support
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CYB 405 ENTIRE COURSE
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CYB 407 ENTIRE COURSE (Reference Work)
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ETH 321T Week 3 – Week 3 Apply Assignment
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ETH 321T Week 4 & Week 5
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POL 115 ORIGINAL WORK
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