Accounting Methods

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Purpose of Assignment
This week’s activity illustrates the role a company’s accounting method plays in financial statement reporting. In this assignment, students evaluate the events occuring in a business setting and determine how to properly analyze those events to identify the impact on both cash and accrual accounting methods.
Resources
Accounting Methods Grading Guide Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Commission (SEC) Tutorial help on Excel and Word functions can be found on the Microsoft Office website. There are also additional tutorials via the web offering support for Office products.
Assignment Steps
Scenario: BizCon, a consulting firm, has just completed its first year of operations. The company’s sales growth was explosive. To encourage clients to hire its services, BizCon offered 180-day financing – meaning its largest customers do not pay for nearly 6 months. Because BizCon is a new company, its equipment suppliers insist on being paid cash on delivery. Also, it had to pay up front for 2 years of insurance. At the end of the year, BizCon owed employees for one full month of salaries, but due to a cash shortfall, it promised to pay them the first week of next year.

As the senior accountant, the Chief Financial Officer has asked you to prepare a memo to be sent to management notifying them of the delayed wage payments.

Prepare the memo in a maximum 700 words including the following information to better outline the situation:
Explain how cash and accrual accounting differs for each of the events listed in the above scenario and describe the proper accrual accounting. Assess how at the end of the year, BizCon reported a favorable net income, yet the company’s management is concerned because the company is very short of cash. Explain to management how BizCon could have positive net income and yet run out of cash.Need Done Asap!!!
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You can choose from the following design problems or make up new ones. Answer the following questions to best determine how to design your experiment.
A professor believes that students who have the opportunity to write their essays on word processors will produce better essays than those who write them by hand. Design an experiment that tests this idea. A new drug has been developed that claims to prevent seasickness completely! Design an experiment that would determine how effective it is. A fellow student insists that smoking marijuana does not interfere with his ability to do well in school. Design an in lab experiment that would test for this. A teacher claims that wearing red during an exam boosts morale and “energizes” the brain, whereas wearing blue during an exam has the opposite effect. Design an experiment that would test the idea. Your dog bounces off the wall after playing fetch, so you think all dogs must bounce off the wall after playing fetch. Your sister doesn’t agree with you, and states that it’s only you the dog gets excited to play with. Design an experiment that would test this.
Do you need to define any terms for your experiment (operationally define)? If so, define them here. What is your independent variable? What is your dependent variable? Who are your subjects/participants? How will you select and assign your subjects/participants to a group? What treatment will the experimental group be given? What treatment will the control group be given? What controls will you use in your experiment? Be sure to avoid experimenter bias! Is there anything you think you should control for, but aren’t sure how? What purpose would this line of research serve (and which subgroup do you think this experiment would most closely relate with)?To prepare for this assignment, review Figures 3.1, 3.2, 3.3, and 3.5 from your textbook. Select a Middle Eastern company of your choosing and complete an Industry Analysis by answering the following questions.: online nursing assignment help
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Critical Thinking: Industry Analysis (105 points)

To prepare for this assignment, review Figures 3.1, 3.2, 3.3, and 3.5 from your textbook. Select a Middle Eastern company of your choosing and complete an Industry Analysis by answering the following questions.
Analyze and predict industry profitability:
How have structural changes created uncertainty and what is the outlook for profitability in the future? Apply and detail Porter’s 5 forces framework with a graphic representation (Figure 3.3) and written explanation for your selected company. Explain profitability differences to other industries (Chapter 3, Table 3.1) and then predict future profitably.
Drawing industry boundaries:
What industry is it in? Who is competing with whom? Are the boundaries of the industry clear‐cut?
Implications for strategy:
What strategies can companies adopt to reduce competitive pressure and improve industry profitability? Which strategies might work for your organization?
Identifying Key Success Factors (KSFs):
What are the KSFs of your company? How do customers choose between rival offerings? Examine the competition (Figure 3.6). Have your companies KSFs changed over time?
Your well-written paper should meet the following requirements:
Be 6 to 7 pages in length, which does not include the required title and reference pages, which are never a part of the content minimum requirements. Use Saudi Electronic University academic writing standards and APA style guidelines. Support your submission with course material concepts, principles, and theories from the textbook and at least two scholarly, peer-reviewed journal articles unless the assignment calls for more. It is strongly encouraged that you submit all assignments into the Turnitin Originality Check before submitting it to your instructor for grading. If you are unsure how to submit an assignment into the Originality Check tool, review the Turnitin Originality Check—Student Guide for step-by-step instructions. Review the grading rubric to see how you will be graded for this assignment.

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