Category: Accounting

Week 1 – Discussion 1
Prior to beginning work
on this discussion forum, read Chapters 3 and 5 in the course textbook.
The Sarbanes-Oxley Act
of 2002 placed significant restrictions on the types of consulting that may be
performed by auditors for public companies. Address the following in your
discussion post:
·        
Briefly explain why these restrictions were put into place.
·        
List four types of services that are prohibited by the act.
·        
List three types of general consulting activities that
would impair the auditor’s independence based on the American Institute of
Certified Public Accountants (AICPA) Code of Professional Conduct.
Write: Make
sure your response is more than 200 words and that you include an in-text
citation or a brief quote from the reading material where appropriate. You may
find the Writing Center’s APA: Citing Within Your PaperLinks to an external site. resource helpful in
citing your sources.
Week 1 – Discussion 2
Prior to beginning work
on this discussion forum, read Chapters 3 and 5 in the course textbook.
Analytical procedures
are substantive procedures that may be used to provide evidence about specific
accounts and classes of transactions. Address the following in your discussion
post:
·        
Explain the different types of analytical procedures.
·        
Describe three major types of comparisons the auditor might
make in performing analytical procedures.
·        
At what stages of the audit are analytical procedures
performed, and what purpose do they serve at each stage?
Write: Make
sure your response addressing the questions is more than 200 words and that you
include an in-text citation or a brief quote from the reading material where
appropriate. You may find the Writing Center’s APA: Citing Within Your PaperLinks to an external site. resource helpful in
citing your sources.

The question/problem due this week is a case study worth 40 points:
Case 5-2 (page 152) – Heirloom Photo Plans: Answer the four questions at the end of the case.
Submit your assignment in a Word file upload.
I will upload the questions in the Upload sections. 

please avoid using Al or any other sources that write the case because the school system will dedicate it. Also, use the excel sheet attach and apply it to the required case. I want to see the draft before completing the project

15 Questions pertaining to the below chapter and topucs in Accounting. 
Excel will be provided with questions to answer. 
Ch 7 Accounting Information Systems
7.2 Subsidiary Ledgers
7.3 Special Journals
Ch 9 Accounting for Receivables
9.1 Recognition of Accounts Receivable
9.2 Valuation and Disposition of Accounts Receivable
9.4 Presentation and Analysis of Receivables
9.5 A Look at IFRS
Ch 10 Plant Assets, Natural Resources, and Intangible Assets
10.1 Plant Asset Expenditures
10.2 Depreciation Methods
10.5 Statement Presentation and Analysis
Ch 13 Corporations: Organization and Capital Stock Transactions
13.2 Accounting for Stock Issuances
13.3 Statement Presentation of Stockholders’ Equity
Ch 14 Corporations: Dividends, Retained Earnings, and Income Reporting
14.2 Reporting and Analyzing Stockholders’ Equity
14.3 Corporate Income Statements

“Analyzing Financial Statements: Understanding Profitability, Liquidity, and Solvency Ratios for Business Performance Assessment”

Qualitative Analysis (Word required): Prepare a 2-3 page summary addressing the required qualitative analysis, as noted in the Student Workbook.  Your paper is required to be formatted according to APA requirements.  Be sure to incorporate key concepts from this week’s readings and properly cite your references according to APA requirements.  Do NOT embed the results of your quantitative analysis in your Word document.  You should only reference parts of your quantitative analysis in your written analysis.  Your written responses to the qualitative prompts should not be presented in a question and answer format.
some of the key words to use are cost classifications: sunk cost, differential cost, oppotunity cost and others. Cost Behaviors etc
Also, below I have attached the quantitative analysis. Please read the instructions very carefully. 

Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

Speech must be clear and organized.
* The presentation contains an introduction to the place where we trained, the nature of the work, and details and points of what we trained on.
(It is preferable to take pictures of the work and display them.
Add the positive aspects of the training, challenges, tips, and a conclusion, and it should be between 8 to 10 pages.This report contains information about everything required and you can ask questions.

(Answer All Questions; Submit as One Essay)
1. AGENCY PROBLEMS
Who owns a corporation? Describe the process whereby the owners control the firm’s management. Describe the main reason why an agency relationship exists in the corporate form of organization. In this context, describe the types of problems that can arise.
2. ENTERPRISE VALUE
A firm’s enterprise value is equal to the market value of its debt and equity, less the firm’s holdings of cash and cash equivalents. This figure is particularly of interest to potential purchasers of the firm. Why?
3. CURRENT RATIO
Explain what it means for a firm to have a current ratio of .50. Would the firm be better off with a current ratio of 1.50? What if it were 15.0? Explain your answers.
4. PEER GROUP ANALYSIS
As a financial manager, how might you use the results of peer group analysis to evaluate the performance of your firm? How is a peer group different from an aspirant group?
Please number each of your answers. This is very important so that I understand which questions you are responding to.
Post essay to the link below as a single MS Word attachment by Sunday at 11:59 PM eastern Time
Assignment Grading Criteria:
Thoroughly answered all of the questions: 60 points possible
Spelling/Grammar at the college level: 20 points possible
References to course material with proper APA format: 20 points possible
Total: 100 points
The BEST sources for academic writing, in order of decreasing preference include:
Academic journal articles (especially if “peer reviewed”)
Trade journals
Established periodicals (magazines)
News stories
Government and Industry web pages

1.       
a.       
Pre-tax
book income for 2022 is:
b.       
Net equity
as of December 31, 2022 is:
2.       
a.       
AST’s gain
on sale to Alvin of AlCo is:
b.       
AST’s gain
on the redemption of its AlCo interest is:
3.       
a.       
Taxable
income for 2022 is:
b.       
The
Lawyers gain on the redemption of their AST stock is:
4.       
a.       
AST’s gain
on the redemption of the Lawyers stock is:
b.       
Federal
taxable interest income is:
5.       
a.       
Total
temporary differences in calculating the 2022 taxable income are:
b.       
What and
how much is the debit portion of the journal entry to record the taxes
calculated?
*I have an excel sheet that contains: a trial balance, fixed assets, and retained earnings rollforward*