Week 4 Assignment – Operations Strategies For this assignment, you will select a different company than in the prior assignment. You will create a financial risk mitigation plan to reduce overall costs and increase efficiency in operations for your selected company. Your strategy is to apply best practices for mitigating financial risk and fraud exposure…
Order InstructionsReview the scenario and watch this week’s videos before you complete the activity below. This scenario can also be found in the “Problems – Series A” section 8-19A of Ch. 8, “Performance Evaluation” of Fundamentals of Managerial Accounting Concepts.Scenario: The Redmond Management Association held its annual public relations luncheon in April Year 2. Based…
MBA 560 MOD 6 DISCUSSION BOARD POSTS Chapter 19: Costing and the Value Chain COURSE MATERIAL Textbook: Williams, J., Haka, S., Bettner, M., & Carcello, J. (2021). Financial & Managerial Accounting (eBook with Connect access). New York, NY: McGraw-Hill Education. ISBN: 9781260706345 MOD 6 Identify a non-value-added activity at three different publicly traded organizations.…
A minimum of two discussion entries must be made for each topic. Be sure to enter at least two responses: the first one to answer the Discussion Question, and the second as an interaction with another post (a minimum of three sentences consisting of a comment, an explanation, or a disagreement). A mere “I agree”…
Follow the directions for each question. Question #1, will help you understand the asset presentation on the balance sheet during the reconciliation process. Presentation is as important as accuracy for financial statements. **Note: Remember to use the Excel file and watch the video attached in this module to assist you with the assignment. Identify each…
Assignment Description: Use the transactions below to prepare an accounting equation and Income statement. See the example below of a journal entry. Also, remember to use the excel file and watch the video attached to this module to assist you with the assignment. Example: Account Debit Credit Cash Basis – Rent Expense $2,800 Cash Basis…
Discussion Question: Jay Simons is opening his own business, and he is trying to decide whether to use accrual or cash basis accounting. Jay does not have a good understanding of how to read financial statements. Is it a good idea or not for Jay to use the accrual method? Why is the revenue recognition…
Assignment Description: The key to understanding how to create financial statements is to know which statement each account (bank, accounts payable, utility expense, etc.) will appear on. See the video in Additional Resources for more detailed instructions. Use the statements below (a-c) to answer Question #1: Income statement (IS) Statement of owner’s equity (OE) Balance…
To ensure financials are reported accurately, the CFO will review the account reconciliation reports from the balance sheet. The CFO reviewed the bank reconciliation and noticed a fictitious amount of $400 was recorded. The original journal entry was $400 credit to bank and $400 debit to other expense. The CFO realized the amount fictitious to…
When investors review a company’s financials, they look at three years of history. Since the income statement shows profits and losses and the balance sheet shows assets and liabilities, which statement does an investor focus on? Explain your answer.