Identify the relevant business cycles that are related in accounting.

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plan for an audit of the financial statements with a focus on revenue. First, identify the relevant business cycles that are related in accounting. Include a brief description of each business cycle. For the revenue cycle, include following the audit objectives that you feel are the most relevant and that you will use in accordance with management assertions:

Existence
Completeness
Accuracy or valuation
Rights and obligations
Presentation and disclosure

Discuss the key information provided by a Statement of Profit or Loss.

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Discuss the key information provided by a Statement of Profit or Loss.

Analyze the influence of a financial report on decision making related to an organizational change.

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For this assignment, write a 2–3 page paper in which you:

Identify something you want to change in the company and identify and explain the impact of the change.
Identify a financial report related to your proposed change and explain how your use of this report will influence your decision-making.
Identify how information or processes not directly related to accounting will be impacted by the proposed change.

Analyze the influence of a financial report on decision making related to an organizational change.

Compare and contrast three planning tools used in management accounting.

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Compare and contrast three planning tools used in management accounting.

Compare and contrast financial and managerial accounting.

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Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve operational and financial performance.

Write a statement of purpose in accounting and finance

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write a statement of purpose in accounting and finance

What is Small’s portion of the net income? What is Big’s portion of the net income? Make the entry for this allocation.

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Two people are starting a small IT firm. They come to you for advice on how to form a partnership. They have listed 2 scenarios and are asking you how to make journal entries for each one of the following transactions:

Two partners, A and B, start a partnership.
Partner A’s investment is the following:
Cash: $20,000
Inventory: $30,000
Accounts payable: $50,000
Computer equipment: $40,000
Accumulated depreciation: $20,000
Partner B’s investment is the following:
Cash: $10,000
Computer software: $20,000
Two partners, Small and Big, form a partnership in which Small invested $40,000 and Big invested $60,000 for a total capital of $100,000. But Small devotes more time to the business and earns more from the firm. They have agreed to share the profits as follows:
The first $20,000 is allocated on the partner’s capital balances.
The next $30,000 is allocated based on service: Small gets $20,000, and Big gets $10,000.
Any remaining profits are allocated equally.
The partnership’s net income is $100,000.
What is Small’s portion of the net income? What is Big’s portion of the net income? Make the entry for this allocation.

Discuss Auditing – Audit, Risk and Internal Control, Going Concern and Material Uncertainty.

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Discuss Auditing – Audit, Risk and Internal Control, Going Concern and Material Uncertainty.

Identify the relevant business cycles that are related in accounting.

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Identify the relevant business cycles that are related in accounting. Include a brief description of each business cycle. For the revenue cycle, include the following audit objectives that you feel are the most relevant and that you will use in accordance with management assertions:

List the purposes and uses of the statement of cash flows and discuss the three activities that the statement of cash flows depicts.

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List the purposes and uses of the statement of cash flows and discuss the three activities that the statement of cash flows depicts.