staryer acc557 all weeks discussions latest 2015

| January 30, 2017

Question
week 1

“General Accounting Principles” Please respond to the following:

Watch the video titled, “Bookkeeping” (5 min 46 s) from the lynda.com video series Accounting Fundamentals with Kay Stice and Jim Stice at.lynda.com/Business-Accounting-tutorials/Bookkeeping/158665/176132-4.html?org=strayer.edu”>http://www.lynda.com/Business-Accounting-tutorials/Bookkeeping/158665/176132-4.html?org=strayer.edu. Next, consider the following statement: “Bookkeeping and accounting are the same.” In terms of your role in the provision of financial services, present data to support the accuracy of this statement and support your position.
Watch the video titled “The Basic Accounting Equation” .youtube.com/watch?v=cLG7K6Sq9K4″>https://www.youtube.com/watch?v=cLG7K6Sq9K4 (6 min 33 s). Next, analyze the accounting equation as a concept that underpins the work of professional accountants and how an understanding of the equation can impact business decision making.

week 2

“Accounting for a Specific Circumstance” Please respond to the following:

Use the Internet or the Strayer Library to research companies who have potential (1) pollution problems, (2) environmental-disposal problems, or (3) demolition issues (specifically big-box stores). Next, analyze how you, as the Chief Financial Officer (CFO) of a “big box store” that has potential pollution, environmental-disposal, or demolition problems, would handle these costs in your financial statements and communicate this proposed plan to your colleagues on the management team. Indicate how any resistance would be overcome. Support your stance with the information that you obtained through your research.
Recommend the advantages and disadvantages of recording the above-referenced costs in the financial statements and how this might alter the company’s public image.

week3

“Researching Financial Information” Please respond to the following:

Go to the Securities and Exchange Commission Website, located at .sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp?search_text=*&sort=Date&formType=Form10K&isAdv=true&stemming=true&numResults=100&numResults=100″>http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp?search_text=*&sort=Date&formType=Form10K&isAdv=true&stemming=true&numResults=100&numResults=100. Analyze the section showing typical stock information and financial positions of companies. Next, analyze one company’s financial position and determine whether or not the stock potential will rise, remain stable, or decrease in value. Determine whether you would invest in it or not at this time. Provide a rationale for your response.
Assess how profitable the company has been over the past five (5) years and determine how you would advise the company about its future profitability potential.

week 4

“Accounting Methods and Inventories” Please respond to the following:

Create a corporate policy designed to minimize inventory shrinkage related to theft, stocking errors, shipping errors, etc., indicating how the policy will be enforced and procedures that may need to be implemented.
Inventory control requires constant attention. Propose a set of guidelines that reflect the necessary monitoring controls for three distinct types of business (e.g., a shoe retailer, a physician’s office, and a food vending truck) to minimize loss and waste. Indicate how each control will minimize risk of inventory loss.

week 5

“Internal Controls and Receivables” Please respond to the following:

Use the Internet or the Strayer Library to research companies who have experienced misappropriation of assets or loss of customer information within the last five (5) years. Next, analyze the situation from the company you selected and the internal controls that may have been compromised to allow the problem to occur and the resulting financial impact to the business. Propose a plan to prevent this type of situation in the future.
Assess the external and internal factors that influence credit policy and decision making within a company that extends credit to its customer when providing a good or service on account. Indicate the factor of most significance in today’s business environment. Provide support for your rationale.

week 6
“Information Protection and Privacy” Please respond to the following:

Use the Internet or the Strayer Library to research current articles related to personal information privacy violations including customer database hacking and related privacy breaches. Next, evaluate the circumstances that contributed to the privacy violation, the consequence to the company to the breach, and management’s response to the breach, indicating the appropriateness of the response. Suggest how the company may have presented the breach and / or responded differently once the breach was discovered. Provide support for your rationale.
Assess the ethical considerations for information privacy, indicating how these considerations should be addressed with a corporate policy. Provide support for your rationale.

week 7
“Retained Earnings” Please respond to the following:

The items contained in the Retained Earnings section of a balance sheet are often complex and confusing. Suggest an improvement for the reporting on this information that will help the users of the statement to have a better understanding of the activity. Provide support for your suggestion.
Evaluate what a cumulative loss in the retained earnings section of a company’s balance sheet might indicate about the financial performance in the future, indicating how this may influence decisions made about the company. Provide support for your answer.

Week 8 Discussion

Use the Internet or the Strayer Library to identify a business recently acquired or financed by a venture capitalist. Next, evaluate the business decision to use a venture capitalist to raise funds, indicating whether or not you believe the company will benefit from this decision in the long run. Provide support for your position.”Venture Capital” Please respond to the following:

Assess the challenges for businesses using the resources of a venture capitalist, given that significant returns on the investment are likely to be impacted by the firm. Indicate how a business can manage these expectations. Provide support for your rationale.

week 9
“Cash Flow Reporting” Please respond to the following:

Use the Internet or the Strayer Library to research the difference in the cash flow reporting requirements between US GAAP and IFRS. Given the complexities related to preparing and interpreting the statement of cash flow, evaluate the current requirement under GAAP and IFRS, indicating improvements that you would make to each method’s requirement to better serve the users of the information. Provide a rationale for your changes.
Analyze the impact of erroneous classifications in the Operating Activities section of the statement of cash flows, detailing how the distortion can impact the decisions made by financial statement users. Suggest how these errors may be minimized.

week 10

“Financial Analyst Skills” Please respond to the following:

Go to the CFO Website and read the article titled “Good Financial Analysts Are Made Not Born,” dated June 20, 2012 located at.cfo.com/article/2012/6/training_fpa-raiswell-financial-planning-analysis-corporate-executive-board”>http://www3.cfo.com/article/2012/6/training_fpa-raiswell-financial-planning-analysis-corporate-executive-board. Next, recommend the skills that are required to be a successful Financial Analyst, indicating how the role of a Financial Analyst adds value to a company. Provide support for your answer.
Assess the key ratios used by Financial Analyst to evaluate the financial performance of company, indicating the ratio that you believe to be most indicative of future performance. Provide support for your rationale.

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