Using Microsoft PowerPoint, create a slide presentation (without speaker notes) for the international managers.

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Presentation on the Effect of Ethical Practices on Innovation

Scenario

You work for an American consulting firm that operates internationally. Your supervisor has advised you that several managers from the various international branches are coming to the headquarters for training, and he has asked you to make a presentation for them on the ethical areas that impact innovation.

Instructions

Using Microsoft PowerPoint, create a slide presentation (without speaker notes) for the international managers. The presentation should include:

  • Introduction slide
  • Discussion of the importance of ethical practices on innovation
  • Review of an ethical framework that supports innovation in a global market
  • Best practices for making ethical decisions for innovation
  • Any additional information needed to stress your point
  • Conclusion slide
  • Credible resources used for the presentation

Resources

 

Describe how organizations can use research and development to foster innovation. Describe some innovative approaches of research and development (R&D) to organizational change, specifically to the remote worker.

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Organizational Development Manual

You are a new general manager for a large organization. With the current environment of being in a pandemic, working from home is now the new norm. Many traditional “old school” managers are now being forced into remote working, and many are having difficulty in dealing with the inability to see their team members in person. You are a recent graduate from an all online higher education college, where being online to do course work and interact with the professor is “normal.” You decide to take some of that experience and also conduct some research to create an organizational change manual for all managers and employees dealing with working remotely.

Instructions

Using Microsoft Word, create an organizational development manual that includes the following:

  • Describe the importance of R&D for an organization.
  • Describe how organizations can use research and development to foster innovation.
  • Describe some innovative approaches of research and development (R&D) to organizational change, specifically to the remote worker.
  • Describe how can we overcome the “old school” mentality of remote work and what are some development tools that can help employees/managers with the transition.
  • Review the impact of working remotely with regards to managing resources of the company. Include the economic impact of remote work on the company.
  • Describe some of the ways remote working can impact the sustainability of the organization.

 

Using your final project from Unit VII as a guide, create an eight- to ten-slide PowerPoint presentation.

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Unit 8 PPP Accounting

Cookie Business Final Presentation

Now that you have completed running some calculations for the cookie business in Unit VII, you will present your findings.

The learning objectives of this project allow you to apply accounting concepts and standards to the creation of accounting information and reports.

Using your final project from Unit VII as a guide, create an eight- to ten-slide PowerPoint presentation. In this presentation, you want to summarize what you found and discuss how you think these findings will help you make better business decisions. In addition, provide future recommendations for the cookie business based on your report findings.

Your presentation slides should be somewhat simple (incomplete sentences, bullets, etc.) with appropriate graphics or images. You must add content to your presentation (completed sentences) through either the notes feature in PowerPoint or by creating a video of you presenting your presentation, uploading your video to YouTube, and sharing the link to your video on the first or second slide of your presentation.

Discuss if you think ABC Manufacturing is properly using the budget process to plan for next year’s expenses. Discuss the comment about the president cutting the budget each year in terms of proper leadership and control?

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Unit 6 Accounting case study

The Budget Case
This case is designed to evaluate the budget process at a large manufacturing company.

The learning objectives of this case study are as follows:

Use the budget to make decisions.
Identify how budgeting is used by leadership for planning and control.
Discuss ethical considerations in the budget process.

You have just been hired at ABC Manufacturing, and your supervisor has invited you to sit in on today’s budget meeting. You are given a copy of the following proposed budget for next year to review. The budget is being used by ABC to plan for next year. Your supervisor tells you right before the meeting, “We always overestimate because the president always makes us cut the budget by 20%, and besides, I really want to go to that conference in Las Vegas next year.” He continued,” I have really worked hard this year and put in a lot of overtime so I deserve it.”

 

Prepare a one- to two-page written report by addressing the following tasks:

Discuss if you think ABC Manufacturing is properly using the budget process to plan for next year’s expenses.
Discuss the comment about the president cutting the budget each year in terms of proper leadership and control?
Discuss the ethical issues related to inflating the budget.
Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.

Apply accounting concepts and standards to the creation of accounting information and reports. Analyze accounting information used to make strategic business decisions. Apply ethical behavior to accounting-related situations.

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Unit 7 Accounting Final

Cookie Business Final Project

Now that your cookie business is well underway, you are going to use the knowledge that you have gained in this course to evaluate the financial information for the company. You will be creating a series of reports and analyzing the results using the templates provided to guide you through the project.

The learning objectives of this project are as follows:

Apply accounting concepts and standards to the creation of accounting information and reports.
Analyze accounting information used to make strategic business decisions.
Apply ethical behavior to accounting-related situations.
Make business decisions based on analyzing accounting data.
Using the Unit VII Final Project Template, prepare a four- to five-page written report (including spreadsheets) with at least three scholarly sources. Your report will provide the following information:

Introduction
Part 1: Based on the data presented in the Unit VII Spreadsheet Template in Excel (CM Breakeven tab):

Calculate the contribution margin (CM) for each of the three products sold at the cookie business.
Calculate the weighted average CM.
Calculate the breakeven point.
Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss the results based on your calculations as far as which type of cookie you think is the most profitable, which has the highest CM, etc.

Part 2: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Full Variable tab), complete the calculations listed below.

Calculate the value of ending inventory under full or absorption costing.
Calculate the value of ending inventory under variable costing.
Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss the results, and comment on which method you think is more helpful to managers and why.

Part 3: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Special Order tab), calculate the net increase or decrease in profit if they take the special order.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss the results and comment on if you think the cookie business should take on this special order of cookies for a wedding. Business has been slow the last few months, and the offer is less than the usual selling price for the cookies.

As part of your discussion, include both quantitative (based on the numbers) and qualitative (not based on numbers) factors that would go into the decision to take on the special order.

Part 4: Based on the data presented in the Unit VII Spreadsheet Template in Excel (IRR tab), calculate the internal rate of return (IRR) for the new equipment purchase.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Note: the PV Annuity table is provided for you. Discuss if you think the cookie business should accept or reject the purchase of the new equipment and why.

Additional information has come to your attention regarding the equipment purchase. One of the partner’s brother owns the company that sells the equipment and insists the equipment is needed. Discuss any ethical concerns you see with this type of transaction.

Part 5: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Cash Budget tab), calculate the cash receipts for the first quarter of this year.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss your observations about the way cash is collected if the company needs $150,000 per month for expenses.

Part 6: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Variances tab), complete the following calculations.

Calculate the material variances.
Calculate the labor variances.
Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss your observations about the variances and ways to plan to improve any of the variances.

Conclusion and Recommendations
Summarize the key observations that you have made about the cookie business based on the calculations you have performed, and present any future recommendations.

Be sure to use APA formatting throughout, and reach out to the Writing Center or the Library for assistance with research, writing, and formatting. Include at least two resources from the CSU Online Library in your report

Compare and contrast basic U.S. and international financial accounting standards. Explain how key international factors affect business reporting. Identify key compliance and regulatory requirements.

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Unit 4 Accounting Project

International versus U.S. Accounting Standards

For this assignment, you will research and compare international and U.S. accounting standards. This will enable you to see how the different reporting methods affect business and how product costs are affected by international business.

The learning objectives of this report are as follows:

Compare and contrast basic U.S. and international financial accounting standards.
Explain how key international factors affect business reporting.
Identify key compliance and regulatory requirements.
Using the Unit IV Research Report Template, prepare a four- to five-page written report with at least three scholarly sources covering the items listed below.

Introduction
Part 1: Select financial statements for two related (e.g., computer manufactures, pharmaceutical companies, cell phone companies, etc.) businesses; one that uses U.S. accounting reporting and the other that uses international accounting reporting. Identify the following items:

Provide the name, location, and accounting standards used for each business.
Compare and contrast three major differences you see in the way the financial data is presented on the financial statements.
Identify which set of financial statements you think is the easiest to understand and provides you with most accurate cost data as a manager. (Do not forget to look at the notes to the financial statements also.)

Part 2: Analyze and discuss three international factors you think would affect the cost of the products made at the companies you selected and why.

Part 3: Discuss any compliance and/or regulatory issues you think would be involved in the companies you have selected as they relate to the cost of the products made. For example, are there strict regulations on product pricing, tariffs imposed on raw materials needed to make the products, or strict regulations on the wages paid to workers?

Conclusion and Recommendations

Why do companies use the allowance method to account for bad debts? Describe the diverse methods used to estimate bad debts in an accounting system. Provide examples for each method.

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Assignment Question(s):  (Marks15)

Q1. Suppose you are an auditor who has been tasked with looking into the internal controls at a company. How can you evaluate the company’s internal controls to see if they are sufficient? (5Marks)

Q2. Why do companies use the allowance method to account for bad debts? Describe the diverse methods used to estimate bad debts in an accounting system. Provide examples for each method.        (5Marks)

Q3. Consider that you own a business that purchases equipment for 50,000SR. How would you calculate this asset’s depreciation? Use the different methods to depreciate the equipment.

Note: To calculate depreciation, you must provide the salvage value, useful life, and annual units produced.    (5Marks)

 

 

For each of the following brands/products, determine which of the five generic strategies are being used. Give your reasons.

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Respond to the following questions

For each of the following brands/products, determine which of the five generic strategies are being used. Give your reasons.

  • Swatch watch
  • McDonald’s Dollar Menu
  • Starbucks coffee
  • Subaru cars
  • University of Phoenix online academic degrees
  • Dick’s Sporting Goods store
  • LensCrafters eyeglasses
  • Walmart
  • Tide detergent

 

Identify which of the conditions requiring a deviation from a standard unmodified opinion audit report is applicable, if any. State the level of materiality as immaterial, material, or highly material. If you cannot de-cide the level of materiality, state the additional information needed to make a decision.

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AUDITING AND ASSURANCE SERVICES

Ability to continue as a going concern.

2. Intelligis Electronics is a manufacturer of advanced electrical components. During the year, changes in the market resulted in a significant decrease in the demand for their products, which are now being sold significantly below cost. Management re-fuses to write off the products or to increase the reserve for obsolescence.

3. In the last 3 months of the current year, Oil Refining Company decided to change direction and go significantly into the oil drilling business. Management recognizes that this business is exceptionally risky and could jeopardize the success of its exist-ing refining business, but there are significant potential rewards. During the short period of operation in drilling, the company has had three dry wells and no successes. The facts are adequately disclosed in footnotes.

4. Your client, Harrison Automotive, has changed from straight-line to sum-of-the-years’ digits depreciation. The effect on this year’s income is immaterial, but the effect in future years may be highly material. The change is not disclosed in the footnotes.

5. Circumstances prevent you from being able to observe the counting of inventory at Brentwood Industries. The inventory amount is material in relation to Brentwood Industries’ financial statements. But, you were able to perform alternative procedures to support the existence and valuation of the inventory at year-end.

6. Approximately 20 percent of the audit of Lumberton Farms, Inc., was performed by a different CPA firm, selected by you. You have reviewed their audit files and believe they did an excellent job on their portion of the audit. Nevertheless, you are unwilling to take complete responsibility for their work.

For each situation, do the following:

  • a. Identify which of the conditions requiring a deviation from a standard unmodified opinion audit report is applicable, if any.
  • b. State the level of materiality as immaterial, material, or highly material. If you cannot de-cide the level of materiality, state the additional information needed to make a decision. ‘Based on AICPA question paper, American Institute of Certified Public Accountants.

The company has adequately disclosed the change in estimated useful lives of its buses and the effect of the change on 2019 income in a note to the financial statements. 6. E-Lotions.com, Inc., is an online retailer of body lotions and other bath and body supplies. The company records revenues at the time customer orders are placed on the website, rather than when the goods arc shipped, which is usually two days after the order is placed. The auditor determined that the amount of orders placed but not shipped as of the balance sheet date is not material.

For each situation, do the following:

a. Identify which of the conditions requiring a deviation from a standard unmodified opinion audit report is applicable, if any.

b. State the level of materiality as immaterial, material, or highly material. If you cannot de-cide the level of materiality, state the additional information needed to make a decision.

c. Given your answers in parts a. and b., state the appropriate audit report from the fol-lowing alternatives (if you have not decided on one level of materiality in part b., state the appropriate report for each alternative materiality level):

(1) Unmodified opinion-standard wording

(2) Unmodified opinion-explanatory paragraph

(3) Unmodified opinion-nonstandard report wording

(4) Qualified opinion-GAAP departure

(5) Qualified opinion-scope limitation

(6) Disclaimer

(7) Adverse* 3-26 (OBJECTIVES 3-4, 3-5, 3-6, 3-7, 3-

8) For the following independent situations, assume that you are the audit partner on the engagement:

  • 1. A number of frozen yogurt stores have opened in the last few years and your client, YogurtLand, has experienced a noticeable decline in customer traffic over the past several months that has caused you to have substantial doubt about YogurtLand’s ability to continue as a going concern.
  • 2. Intelligis Electronics is a manufacturer of advanced electrical components. During the year, changes in the market resulted in a significant decrease in the demand for their products, which are now being sold significantly below cost. Management re-fuses to write off the products or to increase the reserve for obsolescence.
  • 3. In the last 3 months of the current year, Oil Refining Company decided to change direction and go significantly into the oil drilling business. Management recognizes that this business is exceptionally, risky and could jeopardize the success of its exist-

 

b. Explain the deficiencies in Patel’s report as drafted.’ 3-25 (OBJECTIVES 3-4, 3-5, 3-6. 3-7, 3-8) The following are independent situations for which you wi 11 recommend an appropriate audit report:

1. Subsequent to the date of the financial statements as part of his post-balance sheet date audit procedures, a CPA learned that a recent fire caused heavy damage to one of a client’s two plants; the loss will not be reimbursed by insurance. The newspapers described the event in detail. The financial statements and footnotes as prepared by the client did not disclose the loss caused by the fire.

2. During the course of his audit of the financial statements of a corporation for the purpose of expressing an opinion on the statements, a CPA is refused permission to inspect the minutes of board of directors’ meetings that document significant deci-sions of the board. The corporation secretary instead offers to give the CPA a certified copy of all resolutions and actions involving accounting matters.

3. A CPA is engaged in the audit of the financial statements of a large manufacturing company with branch offices in many widely separated cities. The CPA was not able to count the substantial undeposited cash receipts at the close of business on the last day of the fiscal year at all branch offices. As an alternative to this auditing procedure used to verify the accurate cutoff of cash re-ceipts, the CPA observed that deposits in transit as shown on the year-end bank reconcili-ation appeared as credits on the bank statement on the first business day of the new year. He was satisfied as to the cutoff of cash receipts by the use of the alternative procedure.

4. On January 2, 2020, the Retail Auto Parts Company received a notice from its primary supplier that effective immediately, all wholesale prices will be increased by 10 percent. On the basis of the notice, Retail Auto Parts revalued its December 31, 2019, inventory to reflect the higher costs. The inventory constituted a material proportion of total as-sets; however, the effect of the revaluation was material to current assets but not to total assets or net income. The increase in valuation is adequately disclosed in the footnotes.

5. A CPA has completed her audit of the financial statements of a bus company for the year ended December 31, 2019. Prior to 2019, the company depreciated its buses over a 10-year period. During 2019, the company determined that a more realistic esti-mated life for its buses was 12 years and computed the 2019 depreciation on the basis of the revised estimate. The CPA has satisfied herself that the 12-year life is reasonable.

 

c. Given your answers in parts a. and b., state the appropriate audit report from the fol-lowing alternatives (if you have not decided on one level of materiality in part b., state the appropriate report for each alternative materiality level):

  • (1) Unmodified opinion—standard wording
  • (2) Unmodified opinion—explanatory paragraph
  • (3) Unmodified opinion—nonstandard report wording
  • (4) Qualified opinion only—GAAP departure
  • (5) Qualified opinion—scope limitation (
  • 6) Disclaimer
  • (7) Adverse

3-27 (OBJECTIVES 3-3)

PCAOB Rule 3211, Auditor Reporting of Certain Audit Participants, requires that an audit firm file a form, referred to as Form AP, for each initial issuance of an audit report. On Form AP, the audit firm discloses the name of each audit engagement partner who participated in the audit, as well as the names and locations of any other audit firms participating in 5 percent or more of the audit engagement.

The total number of audit firms participating in less than 5 percent of the audit engagement, as well as the overall percentage of audit hours contributed by these firms, are also required to be disclosed. Access the text-book website to obtain the file “PCAOB Form AP Data” that includes data obtained from the PCAOB’s AuditorSearchSM database and the related data dictionary. Sort the dataset by fiscal period date to obtain the subset of Form AP filings for audits of financial statements that had a fiscal year end anytime during 2017 to complete the following:

  • a. How many Form APs relate to 2017 audits?
  • b. What is the name of the individual who served as the engagement partner for Nordstrom Inc.? What other engagement(s) did that individual also serve as engagement partner?
  • c. Which global audit firm had the highest number of Form AP filings for 2017 audits (Note: Some of the global firms have more than one firm ID number)? How many Form APs were filed by that firm on a global basis? How many of those Form APs relate to the U.S.-based practice of that firm?
  • d. For which firm did Joseph D’Introno work in 2017? How many AP forms were filed for him for 2017 audits? What type of public company audit clients did he mostly serve in 2017?
  • e. How many Fnrrn A Pc rPlAtP to psrtnerc in the, Atlanta Office of Ernst & Young, LLP

 

 

Exchange rates change because of a number of economic factors affecting the supply of and demand for a nation’s currency. What are the factors that cause change in exchanges rates of currency of a country? State and Explain any four of these factors.

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Advanced Financial Accounting

  • Students must mention question number clearly in their answer.
  • Late submission will NOT be accepted.
  • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO No exceptions.
  • All answers must be typed using Times New Roman (size 12, double-spaced) No pictures containing text will be accepted and will be considered plagiarism.

 

1) The following intercompany transactions occurred during the year: (5 Marks)

  1. a) Parent loaned $ _____ to Subsidiary. To keep things simple, assume that there is no interest revenue or interest expense associated with this loan.
  2. b) Parent made a sale to Subsidiary for $ ______ cash. The inventory had originally cost Parent $ ____. Subsidiary then sold that same inventory to an outsider for $ _______.
  3. c) Parent made a sale to Subsidiary for $_____ cash. The inventory had originally cost Parent $____. Subsidiary has not yet sold that same inventory to an outsider.

What consolidation worksheet entries would you make?

Note: Assume you own figures wherever required.

 

2) Suntop Corporation is an 80% owned subsidiary of Pentop Corporation, acquired for $ 240,000 on January 1, 2021.   (6 Marks)

  • Investment Cost was equal to book value and fair value.
  • Suntop’s net income in 2021 was $ 60,000 and Pentop’s income, excluding its income from Suntop, was 80,000.
  • Pentop’s income includes a $ 12,000 unrealized gain on land that cost $ 42,000 and was sold to Suntop for $ 54,000.
  • Assume that Suntop sold the land in 2023 for $ 60,000.
  • Assume Pentop adjust for this transaction in the equity accounts.

Required:            

1) What Entries would Pentop make in 2021 and 2023?

2) Prepare the Consolidation Entries at December 31, 2021, December 31, 2022 and December 31, 2023.

 

3) Exchange rates change because of a number of economic factors affecting the supply of and demand for a nation’s currency. What are the factors that cause change in exchanges rates of currency of a country? State and Explain any four of these factors.      (4 Marks)