Find a proposed standard from the current or prior year that is related to this course in the FASB Codification system. Prepare a 2-3 page summary of the FASB proposal highlighting what changed, why, and the potential impact on the financial statements and disclosures.

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IA II week 2 excell

Find a company’s financial statements, using the EDGAR database. Use Excel to create an applicable supporting schedule and financial statement(s) that would provide an example of the application of the proposed standard you selected for the company you selected. Ex. if the standard you found included a different method to recognize revenue you would create a worksheet using that proposed change to revenue recognition and then show how that change would affected the financial statements of the company you selected from EDGAR.

Writing Assignment

Find a proposed standard from the current or prior year that is related to this course (liability and equity-type transactions only) in the FASB Codification system. Prepare a 2-3 page summary of the FASB proposal highlighting what changed, why, and the potential impact on the financial statements and disclosures.

Library Assistance
Link to Keiser’s elibrary resources: http://kesu-verso.auto-graphics.com/MVC/
PowerPoint instruction on how to use the Keiser elibrary: Keiser Slide show Library-Orientation-login-and-navigate-lesson1.pptx Keiser Slide show Library-Orientation-login-and-navigate-lesson1.pptx – Alternative Formats
Guidance on how to log in and use the Keiser elibrary: KU Library login guide2014October3.pdf KU Library login guide2014October3.pdf – Alternative Formats
How to cite work from the library: How to cite work from the library.docx How to cite work from the library.docx – Alternative Formats
This link helps with APA format: https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/general_format.html

What were the corporation’s net sales, cost of goods sold, and gross profit? What was the corporate tax rate? What is the account and the amount of the bottom line item on the Statement of Comprehensive Income?

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WK 3 SEC

What were the corporation’s net sales, cost of goods sold, and gross profit?
What was the corporate tax rate? This should be an item in the notes to the financial statement. Required disclosure usually explains the federal statutory rate and a reconciliation to the actual tax rate of the company each year.
Read the Statement of Comprehensive Income. Notice the first line is the net income from the Income Statement. Accumulated other comprehensive net income (or net loss) is an item in the Statement of Owners’ Equity section and in the Balance Sheet. Post the value from the Balance Sheet and comment on whether this item is increasing or decreasing (take care with the concept of change and net income or net loss).
What items appear under Other Comprehensive Income (Loss)?
What is the account and the amount of the bottom line item on the Statement (or Consolidated Statement) of Comprehensive Income?

Use this only reference no other references
https://www.sec.gov/edgar/browse/?CIK=320193&owner=exclude
Its is for Apple, Inc

Write a 350-word summary of your calculations and findings Commenting on Mr. Sawyer’s motives for establishing the percentage of completion at 60 percent rather than 40 percent.

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Percentage of Completion

Refer to the scenario located in the “Analyze, Think, Communicate” section 12-5 of Ch. 12, “Job-Order, Process, and Hybrid Costing Systems” of Fundamental Managerial Accounting Concepts. This scenario involves an altercation between Rene Alverez and Bill Sawyer and requires you to weigh in with calculations and comments on the matter.

Read the scenario in the textbook and complete the activity below.

Compute the equivalent cost per unit, assuming the ending inventory is considered to be 40 percent complete.

Compute the equivalent cost per unit, assuming the ending inventory is considered to be 60 percent complete.

Write a 350-word summary of your calculations and findings. Comment on Mr. Sawyer’s motives for establishing the percentage of completion at 60 percent rather than 40 percent.

How can events in a job-order costing system affect financial statements? How can events in a process costing system affect financial statements?

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Week 3 Class Discussion

The type of product a company produces affects the type of accounting system needed to determine product cost. The 2 most common types of costing systems are job-order costing and process costing.

Respond to the following in a minimum of 175 words:

Compare and contrast job-order and process costing systems. How can events in a job-order costing system affect financial statements? How can events in a process costing system affect financial statements? Provide specific examples for each type.

When considering a viable project, what is the relationship between the desired rate of return and the internal rate of return?

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Week 2 Discussion

Good discussion on the different analysis types. Companies may use a variety of analysis tools and financial information to make critical operating and investment decisions. One of those tools, as you discussed, is internal rate of return. The IRR measures how well a project, capital expenditure or investment performs over time and helps companies compare one investment to another or determine if a project is viable. When considering a viable project, what is the relationship between the desired rate of return and the internal rate of return? Provide examples!

2. What is Capital Analysis of Investment?

Analysis of capital investment is a budgeting process used by corporations and government agencies to analyze long-term investment’s prospective profitability. Analysis of capital investment evaluates long-term investments that may include fixed assets such as equipment, equipment or real estate. The aim of this procedure is to discover the alternative to generate the greatest return on capital invested. Companies may use different methodologies to carry out an analysis of capital investment involving the calculation of the projected value of future project cash flows, the funding costs and the project risk-return.

Discuss whether you think that these generic skills should form a greater part of an Accounting degree than has been your experience.

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FINANCIAL ACCOUNTING THEORY

You are required to:

1. Identify and describe the generic or professional skills that employers require in the area of financial accounting. You should consult:

at least five academic journal articles, although eight articles will ensure better coverage of the research

Professional sources and books can be used in support, but not instead of academic articles, so you still need your FIVE ACADEMIC JOURNAL ARTICLES (AT LEAST!)

Draw some conclusions about the kind of skills employers require.

Please note that these skills do not include the technical skills concerning specialist knowledge of accounting rules and procedures and you should not consider skills of this kind in this coursework.

2. Select three of these skills and explain how the work you have done in modules taken in the area of financial accounting has helped you to acquire these skills.

You may include auditing modules in this area but not modules in management accounting, finance or taxation.

If you are a credit entry student you can refer to your previous studies in financial accounting and the learning outcomes that are relevant to achieving these skills.

You can include this module, Financial Accounting Theory.

3. Discuss whether you think that these generic skills should form a greater part of an Accounting degree than has been your experience.

Using the FASB Codification as a guide, do you agree or disagree with the author’s assessment of the valuation as it relates to FASB Codification?

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Discussion

Using the KU library find an article that discusses the valuation of intangible assets. Using the FASB  as a guide, do you agree or disagree with the author’s assessment of the valuation as it relates to FASB Codification? Make sure you clearly justify your answer. Be sure to cite your source, you can use ASC xxx-xx-xx-x.

Describe the roles of an organization’s chief financial officer (CFO) or controller,treasurer, and internal auditor.

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Managerial accounting

1-1 Define managerial accounting and describe its role in the management process.

1-2 Explain four fundamental management processes that help organizations attain their goals.

1-3 List and describe five objectives of managerial accounting activity.

1-4 Explain the major differences between managerial and financial accounting.

Describe the accounting and finance structure in an organization.

Describe the roles of an organization’s chief financial officer (CFO) or controller,treasurer, and internal auditor.

Understand and explain the value chain concept.

Explain how investments in capacity affect managerial decision making.

Understand and explain big data and data analytics and how they interact with managerial accounting.

1-10 Discuss the professional organizations and certifications in the field of managerial accounting.

1-11 Describe the ethical responsibilities and ethical standards that apply to managerial accounting.

Critically evaluate the rationale behind the development of the total quality management approach

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Advanced Performance Management

Critically evaluate the rationale behind the development of the total quality management approach and how it tries to overcome some of the problems associated with traditional performance management systems

Describe both of the firms and their management, including their strategic objectives.

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Specifically, the following critical elements must be included:
I. Background:

Describe both of the firms and their management, including their strategic objectives.

Provide sufficient detail to support the rest of your analysis.

III. Evaluation of the Firms

A. Analyze both companies’ cash flow management practices for the last three fiscal years, including cash, accounts receivables, accounts payable, fixed assets, and inventory. Cite specific examples and figures to illustrate.

B. Analyze both companies’ working capital cash flow management practices, including cash, accounts receivables, accounts payables, fixed assets,and inventory.