What are the methods used to identify, record, and communicate financial information?

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Principal of Financial Accounting

You work as the accountant of a sole proprietorship, Jamie’s Consulting. Jamie’s Consulting has decided to expand and would like to obtain a line of credit with the bank. To apply for a line of credit, the bank requires the most recent set of financial statements. To help the owner, Jamie, accurately convey the business’s performance and overall financial health to the bank, she has asked you to review the business’s recent transactions and write a brief that will prepare her for her meeting with the bank.

Directions

Financial Review: Jamie emails you the quarterly business transactions to review. Jamie is currently traveling for business and would like the information from the review in a clear and concise manner. Use the Financial Review Template to review the transactions and provide sufficient reasoning for Jamie to understand your rationale for deciding to share the financial information with the bank. To ensure the financial information is accurate, reliable, and relevant, include the following in your review:

Apply the most relevant accounting principle from GAAP to each business transaction.

Explain your rationale for applying each accounting principle.

Use the accounting principles to decide to include or omit each business transaction.

Determine the appropriate account types for each business transaction. Note that each transaction will correspond to more than one type of account.

Refer to the accounting equation to determine whether each account type results in an increase or decrease of the account.

Brief to the Owner: After you send the financial review information, Jamie follows up with you via email. She is unfamiliar with financial accounting practices and asks you to write a brief that will prepare her for communicating the reliability of the financial information to the bank. As an accountant, you are responsible for effectively conveying the importance of accurate financial information. Specifically, Jamie asks you to address the following in your brief:

Explain the importance of applying GAAP to justify the accuracy, reliability, and relevance of financial information.

Describe the limitations or risks of applying GAAP. Address Jamie’s concerns by discussing the following:

What are the methods used to identify, record, and communicate financial information?

What are the implications for omitting one or more of the generally accepted accounting principles?

What uncertainties and risk factors are associated with reporting financial information?

What to Submit

Every project has a deliverable or deliverables, which are the files that must be submitted before your project can be assessed. For this project, you must submit the following:

Financial Review

The financial information must be submitted using the Financial Review Template. Include references in the footnotes section of your review.

Brief to the Owner

Your brief to the owner should not exceed 250 words in length. Cite all references appropriately.

Law and Business Situations:Does the current contract allow public use of the photographs?

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Law and Business Situations

AW Photography

You are a new attorney, and your client, Amy Watson, is looking for legal recommendations to support her in understanding her rights and responsibilities as a photographer and as a business owner.

She would like to use her photographs on her website to showcase her work, but she feels nervous about potentially violating copyright and intellectual property laws. She also wants to make sure she does not violate employee rights if there is an employee who does not want their photograph online. When Amy comes into your office, she brings a copy of her contract with Firm X that was drafted by another attorney she had been working with previously. Below is an excerpt from Amy’s contract with Firm X.

COPYRIGHT AGREEMENT

The photographs produced by AW Photography are protected by federal copyright law (all rights reserved). If the client purchased an image DVD, the DVD purchase entitles the client to use the photographs on social media and websites as long as the images remain unaltered and textual credit is explicitly given to AW Photography. AW Photography maintains the right to its photographs, the company website, and social media sites to promote its business.

REPRODUCTION

The photographs taken are individual property of AW Photography. Photographs may not be reproduced in any form, or sold without prior explicit written permission from AW Photography.

Future Considerations

Currently, Amy operates her business as a sole proprietorship. She is the owner and has no employees. However, due to the growth of her business, her vision for the future includes potentially hiring someone to help manage day-to-day operations including scheduling, website maintenance, keeping of financial information, and oversight of potential future employees. In addition, she would like to hire two or three photographers so that she can book more photography sessions. Before she moves forward with her growth strategy, she is wondering if her new manager should actually be a business partner, and if her business should operate as a partnership instead of a sole proprietorship.

Amy would like your legal support with business applications as she considers moving her company forward. She travels widely for her business and has recognized a market demand for reasonably priced portrait and event photography. She is typically booked over a year in advance. She believes that there is a good business opportunity to either partner with other photography businesses or open other studios and hire studio managers to run those.

 

Directions

  • Legal Contracts: Amy asked that you explain the elements of the legal contract.
    • Describe basic elements that should be included in the contract for informing involved parties about legal issues and expectations.
    • Explain the purpose of the contract for informing involved parties about legal issues and expectations. Include the following in your response:
      • Does the current contract allow public use of the photographs? For example, could Amy post the photographs on her website for promotional purposes? Explain elements of the contract and describe their legal implications.
  • Intellectual Property and Copyright: Amy would like you to explain what she, as a commercial photographer, needs to know about intellectual property and copyright law.
    • Discuss the impacts and applications of intellectual property and copyright in business situations, differentiating between commercial and personal use.
    • Describe how Amy may legally use the photographs taken for Firm X. For example, may she use them for commercial and personal use, such as on social media?
    • Describe how Firm X may legally use the photographs that Amy took. For example, may it use them for commercial use? And may employees use them for personal use, such as on social media?
  • Business Applications: Amy’s photography business has been growing, and she is considering making changes. She has operated under a sole proprietorship but now wants to organize as another entity and hire additional employees. Amy has asked for your suggestions about an appropriate business entity to consider. Include the following to support her in making this decision:
    • Define the following business entities: partnership, corporation, and limited liability company. Based on this, make a suggestion for the best type of entity for Amy, detailing why this would be a good choice. Discuss partnership as a business entity versus sole proprietorship for informing current business implications as a sole proprietor and potential business implications of a partnership.
    • Discuss the basic employment laws—including OSHA, FLSA, and privacy laws—that Amy should be aware of as she considers hiring her own employees.
    • Describe how privacy laws impact Amy and her employees’ use of photographs taken for business clients.

Discuss, providing practical examples the way that HR departments have adopted these pieces of legislation.

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Assessment title Critically assess the law relating to redundancy –
b) Produce a report of no more than 3,000 words outlining the impact of redundancy legislation including the following information: (70%)
• A clear description and assessment of various statues
• A critical evaluation of the reason(s) for introducing the area of law
• Discuss, providing practical examples the way that HR departments have adopted these pieces of legislation
• Outline the positive and negative impact of the legislation in HR departments
Structure
10 cases.
Follow this structure:

Introduction
Background to employment law
Acts and case law

Main section
Background to redundancy
Acts and case law on redundancy
Has redundancy legislation been effective

Conclusion
How has HR complied with redundancy legislation
Has it been beneficial to employers and employees

https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468-2338.1988.tb00031.x

Prepare a discussion that highlights your findings in your report. What advice can you give Gretel regarding the handling of cash and her operations during this period?

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Intermediate Management Accounting
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PROJECT 2 (40 MARKS) Project 2 consists of a second report from Martine to Gretel, the president of Holzmann Cleaning Services (HCS). It is due at the end of Week 5 and is out of 40 marks.

1. Prepare a complete 20X7 operating budget for both commercial and residential operations, based on the details provided in Exhibit 4 in Project Details. The operating budget will require adjustments to the activity-based analysis prepared for the direct costs in requirement 2 of Project 1. Indirect general costs should be allocated 60% to commercial and 40% to residential. Make sure to comment on the assumptions that were made in developing the budget. (6 marks)

Provide a discussion of the results in your report. Your discussion should also include a paragraph on the quality of the budget data and a review of any external factors that may affect revenue and costs as discussed in Topic 4.2-5. (4 marks)

Note: It is important to provide the analysis done in Project 1 so that markers don’t deduct marks for errors made in Project 1.

2. Budget and break-even analysis: a) Revise the 20X7 operating budget statements to a contribution format. Assume the following are variable costs: i) Wages and benefits ii) Cleaning supplies iii) Transportation costs

All remaining costs are fixed. (1 mark)

Based on the 20X7 budget: b) Calculate the break-even point in sales dollars based on the 20X7 sales mix. (2 marks)

c) Calculate the sales revenue required to achieve a 25% profit margin. (2 marks)

d) Provide comments on the results in the report. Your discussion should also include comments on the margin of safety (1 mark) and the limits of the CVP analysis as it pertains to HCS. (2 marks)

Intermediate Management Accounting Project 2
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3. To assist Gretel in submitting bids for new work, use the 20X7 contribution margin budget to determine an average markup percentage on variable costs for both commercial and residential cleaning services. Using the markup percentages, calculate the sales price of a typical commercial and residential contract (see Exhibit 5 in Project Details). (8 marks) Also provide a short discussion of the results in your report. (2 marks)
4. Cash analysis: a) Prepare a cash budget for the quarter starting July 20X6 using the information in Exhibit 6 found in Project Details. (6 marks)

b) Prepare a discussion that highlights your findings in your report. What advice can you give Gretel regarding the handling of cash and her operations during this period? (4 marks)

In addition to the above, award 2 marks for report format and professionalism. Your report should clearly communicate the important details of the case and effectively persuade the reader to act on your advice.

NOTE ON ROUNDING: Use unrounded numbers for all calculations and round the final answer to the nearest dollar.

Analyze what are the various roles that family nurse practitioners can and/or must play to facilitate change for patients and communities before, during and at the completion of transition?

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Review the links provided below to learn more about Dr. Meleis’ Transitions Theory. Reflect on the many challenges patients face in today’s complex health care system, ranging from lack of access to necessary preventative services, lack of education regarding disease management to much needed medication for tertiary care. Analyze what are the various roles that family nurse practitioners can and/or must play to facilitate change for patients and communities before, during and at the completion of transition?

The Power of Nurses: http://videos.nursing.upenn.edu/index.php/panmcc-afaf-en/

Image result for dr meleis nursing theorist

A Living Legend: https://www.youtube.com/watch?v=ZJGdPgHPeGY

As a reminder, all questions must be answered to receive full credit for this discussion. please include your name in the title bar of the discussion. Also, make sure to use scholarly sources to support your discussion.**

Research Toyota Production System (TPS) and Toyota Lean Enterprise solutions, and also the selected public organization that needs improvement.

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Select a public organization in need of improvement that you will benchmark against Toyota.

Research Toyota Production System (TPS) and Toyota Lean Enterprise solutions, and also the selected public organization that needs improvement.

Write a 550 – 1,050-word paper in which you benchmark/baseline the lean enterprise organization against Toyota.

Compare and contrast your chosen organization with Toyota (a company that already practices lean enterprise best practices and initiatives).
Address each of the following in your paper:
Benchmark/baseline your selected public organization in need of better lean enterprise solutions with Toyota.
Compare and contrast the management style(s) and other operating principles of your selected organization with Toyota’s.
Describe the differences or similarities that the two organizations have in vision, mission, values, and/or objectives.
Assess the characteristics and best practices bench-marked for your selected organization’s lean enterprise style(s), and explain how they affect organizational behavior, and compare those characteristics with Toyota’s.
Evaluate how the bench-marked best practices can be integrated into your selected organization’s practices.
Explain how bench-marking/baselining can facilitate the change process to improve efficiency and eliminate waste.

Cite at least three different references.

What’s been done in this topic area to date? What are the significant discoveries, key concepts, arguments, and/or theories that scholars have put forward? Which are the important works?

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Literature Review organizes the previous research in light of what you are planning to do in your own project.
• What’s been done in this topic area to date? What are the significant discoveries, key concepts, arguments, and/or theories that scholars have put forward? Which are the important works?
• On which particular areas of the topic has previous research concentrated? Have there been developments over time? What methodologies have been used?
• Are there any gaps in the research? Are there areas that have not been looked at closely yet but should be? Are there new ways of looking at the topic?
• Are there improved methodologies for researching this subject?
• What future directions should research in this subject take?
• How will your research build on or depart from current and previous research on the topic? What contribution will your research make to the field?

Prepare a report for the Quality Managers of Expedia.co.uk. In your report you are expected to identify and describe the concept of quality management.

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Prepare a report for the Quality Managers of Expedia.co.uk. In your report you are expected to identify and describe the concept of quality management.
Additionally, you are expected to outline the major issues currently experienced by the organization and assess the impact of one of the techniques like KPI or Benchmarking could have in terms of delivering consistent and effective quality management. Also, you need to provide applicable recommendations to improve the quality.

What are your overall impressions of the stereotypes in this advertisement? Write about 50 words in response.

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Find 2 U.S. advertisements for this discussion question. (Television and Internet ads are acceptable).
Describe with detail or display the ads by posting a picture.

For each advertisement answer the following:
Is the central figure a male or a female?
What is the role of the central figure in the advertisement (e.g. spouse, homemaker, office worker, boss, girlfriend etc).
What are the stereotypes displayed in this advertisement?
What are your overall impressions of the stereotypes in this advertisement? Write about 50 words in response.

Identify which one of the six dimensions you have learned about (i.e., trait, ability, skill, behavior, relationship, and process) seems to be the most obvious for this person.

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Section A (create an appropriate APA heading—do not label as “Section A” in your paper):

Explain who the selected leader is and provide a brief history.
Section B: Select and address only one of these items (create an appropriate APA heading—do not label as “Section B” in your paper):

Identify how the leader defines the characteristics of leadership.
Explain what the leader described as the most important element to their success.
Identify what leaders influenced the selected leader.
Section C: Address all of these bullets (create an appropriate APA heading—do not label as “Section C” in your paper):

Identify which one of the six dimensions you have learned about (i.e., trait, ability, skill, behavior, relationship, and process) seems to be the most obvious for this person.
Describe the biggest challenge this leader had to face and how was it overcome.
Identify the trait or skill the person used to overcome this challenge.
Explain if the leader was successful in overcoming the challenge and why or why not.
Describe the style of leadership this person exhibits (i.e., authoritarian, democratic, or laissez-faire).
Provide specific examples for why you chose this style.
Explain emotional intelligence and its importance as a leadership skill.
Describe the model of primary leadership skills and its components.
Explain the importance of a leader following and communicating a vision and setting the tone.
Section D: Select and address one of these bullets (create an appropriate APA heading—do not label as “Section D” in your paper):

Explain how this leader achieved the difficult task of integrating their task and relationship behaviors.
Explain how this leader groomed followers to become leaders.
Describe the methods or approaches this person used to become a better leader.
Section E: Address all of these bullets (create an appropriate APA heading—do not label as “Section E” in your paper):