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Accounting

Prepare the 2021 federal income tax return for john’s household.

Prepare the 2021 Federal income tax return for John’s household. (2) 1040, (3) Schedule 1, (4) Schedule B, (5) an explanation for line items which require calculation on the return.
More details in upload files – ACCT assignment

Categories
Accounting

Read the auditor’s report included in the annual report of the company, and

Progress Report (3 pages maximum) –
*****************
Note: My companies are listed below.
1. Ford Motors Company
2. General Motors
*****************
The purpose of this report is to help you develop a basic understanding of your company and its business environment.1 The annual report, 10-K, and the proxy statement of your company, along with other readings and resources, will help you complete this report.
A. Company background
1. What is the ticker symbol of your company? Identify the stock exchange(s) where
you company stock trades.
2. Read the auditor’s report included in the annual report of the company, and
explain its purpose. Identify the name of the auditing firm.
3. Briefly explain the major operations of your company. What products does it sell
and/or services does it render?
B. Developments relating to the company
Identify two recent events of significance (e.g., layoffs, reorganizations) that have affected the company. You can obtain this information using the company’s website. Alternatively, you may use other financial news services available in print or on the internet, such as Yahoo Finance, Fortune, Forbes, and the Wall Street Journal.
C. Ethical issues
High profile financial scandals including Enron and Worldcom have heightened concerns regarding managerial ethics. Identify one or more recent ethical issue(s) by the company and/or industry (e.g., accounting fraud, management integrity) and explains how your company/industry responded to the issues.
1 Please note that the progress report is limited to your company only. You do not need to write about your company’s competitor.

Categories
Accounting

The case-method emphasizes on the importance of cvp analysis and how it ties directly into the planning and control processes any management must take to start a potentially successful business.

Prior to beginning work on this discussion, please read the article A Case Method Approach of Teaching How Cost-Volume-Profit Analysis is connected to the Flexible Budgeting Process and Variance AnalysisLinks to an external site..
The authors, Machuga and Smith (2013), present in the article a multidisciplinary case-method approach to help students who want to start a successful business understand the steps necessary to achieve their desired profits using cost-volume-profit (CVP) analysis. The case-method emphasizes on the importance of CVP analysis and how it ties directly into the planning and control processes any management must take to start a potentially successful business.
After reading the aforementioned Machuga and Smith article, in an initial post of at least 200 words, discuss how cost-volume-profit (CVP) analysis and flexible budgeting can enable students to understand the different stages involved in starting up a business, projecting out results, and monitoring business performance (Machuga & Smith. 2013).

Categories
Accounting

Practice your written communication skills including the ability to write persuasively in a document that is free of spelling and grammatical errors.

Demonstrate your understanding of the implications of the efficient market hypothesis.
Clearly communicate your thoughts and ideas in a clear and concise manner.
Practice your written communication skills including the ability to write persuasively in a document that is free of spelling and grammatical errors.
In a 2-3 page, double-spaced paper, explain the efficient market hypothesis in your own words. What are the implications of the efficient market hypothesis on accounting standard setting and financial reporting?

Categories
Accounting

In 2015, rovio entertainment corporation announced that its revenues for 2014 decreased nine percent compared to those of 2013; even worse, its earnings had decreased by 73% (read the article, investors take flight after angry birds maker warns on profitlinks to an external site.).

Prior to beginning work on this discussion, please read the Investing Newsletter of Forbes Operating LeverageLinks to an external site.. The Finnish company Rovio Entertainment CorporationLinks to an external site. that produces and sells the game Angry Birds, following years of falling earnings, job cuts and divestments announced that its revenue increased 34% in 2016 to 190 million euros ($201 million dollars). According to Rosendahl, the operating result improved to a profit of 17.5 million euros from a loss of 21 million in 2015, increasing earnings by 83% (Rosendahl, 2017). In 2015, Rovio Entertainment Corporation announced that its revenues for 2014 decreased nine percent compared to those of 2013; even worse, its earnings had decreased by 73% (Read the article, Investors Take Flight After Angry Birds Maker Warns on ProfitLinks to an external site.).
After reading Forbes’ Investing Newsletter, in an initial post of at least 200 words, explain why relatively small changes in companies’ revenues can result in relatively large changes in their earnings or losses. In other words, if a company’s sales increase 12%, why do its earnings not also increase 12%?
https://www.accountingtools.com/articles/operating-leverage

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https://www.reuters.com/article/us-rovio-results/investors-take-flight-after-angry-birds-maker-warns-on-profit-idUSKCN1G60OB

Categories
Accounting

What are the implications of the efficient market hypothesis on accounting standard setting and financial reporting?

In a 2-3 page, double-spaced paper, explain the efficient market hypothesis in your own words. What are the implications of the efficient market hypothesis on accounting standard setting and financial reporting?

Categories
Accounting

Your research paper will be a comprehensive thematic review of the scholarly literature related to your topic.

The purpose of this research project is for you to create a scholarly piece of graduate-level research and writing, which conforms to current APA format. Competency in the current APA format is required of all Business graduates of Liberty University, as set forth by policy of both the Graduate Faculty and the administration.
You will research and write a literature review on a topic relevant to BUSI 730. Your topic should be based on an applied business problem and research questions developed to address the applied business problem. In Module 3, submit your proposed topic along with your applied business problem and research questions in the literature review topic assignment link to your instructor for approval. Do not “recycle” any work from any previous courses you have taken. Your research paper will be a comprehensive thematic review of the scholarly literature related to your topic.
Literature Review publish Submission Assignment
After you complete your Literature Review Assignment, you should submit your assignment to the Literature Review publish Submission Assignment to check your Turnitin report and make any edits necessary to your Literature Review Assignment prior to submitting for a grade.
What is a literature review?
“A literature review discusses published information in a particular subject area, and sometimes information in a particular subject area within a certain time period.
A literature review can be just a simple summary of the sources, but it usually has an organizational pattern and combines both summary and synthesis. A summary is a recap of the important information of the source, but a synthesis is a re-organization, or a reshuffling, of that information. It might give a new interpretation of old material or combine new with old interpretations. Or it might trace the intellectual progression of the field, including major debates. And depending on the situation, the literature review may evaluate the sources and advise the reader on the most pertinent or relevant.”
How is a literature review different from an academic research paper?
“The main focus of an academic research paper is to develop a new argument, and a research paper will contain a literature review as one of its parts. In a research paper, you use the literature as a foundation and as support for a new insight that you contribute. The focus of a literature review, however, is to summarize and synthesize the arguments and ideas of others without adding new contributions.” The academic research paper also covers a range of sources, but it is usually a select number of sources, because the emphasis is on the argument. Likewise, a literature review can also have an “argument,” but it is not as important as covering a number of sources. In short, an academic research paper and a literature review contain some of the same elements. In fact, many academic research papers will contain a literature review section. But it is the aspect of the study (the argument or the sources) that is emphasized that determines what type of document it is.
Why write literature reviews?
“Literature reviews provide you with a handy guide to a particular topic. If you have limited time to conduct research, literature reviews can give you an overview or act as a stepping stone. For professionals, they are useful reports that keep them up to date with what is current in the field. For scholars, the depth and breadth of the literature review emphasizes the credibility of the writer in his or her field. Literature reviews also provide a solid background for a research paper’s investigation. Comprehensive knowledge of the literature of the field is essential to most research papers.”
What is the format for literature reviews?
“Just like most academic papers, literature reviews also must contain at least three basic elements: an introduction or background information section; the body of the review containing the discussion of sources; and, finally, a conclusion and/or recommendations section to end the paper.
• Introduction: Gives a quick idea of the topic of the literature review, such as the central theme or organizational pattern.
• Body: Contains your discussion of sources and is organized thematically.
• Conclusions/Recommendations: Discuss what you have drawn from reviewing literature so far. Where might the discussion proceed?”
What is a thematic literature review?
“Thematic reviews of literature are organized around a topic or issue, rather than the progression of time.”v
“Sometimes, though, you might need to add additional sections that are necessary for your study, but do not fit in the organizational strategy of the body. What other sections you include in the body is up to you. Put in only what is necessary. Here are a few other sections you might want to consider:
• Current Situation: Information necessary to understand the topic or focus of the literature review.
• History: The chronological progression of the field, the literature, or an idea that is necessary to understand the literature review, if the body of the literature review is not already a chronology.
• Methods and/or Standards: The criteria you used to select the sources in your literature review or the way in which you present your information. For instance, you might explain that your review includes only peer-reviewed articles and journals.
• Questions for Further Research: What questions about the field has the review sparked? How will you further your research as a result of the review?”vi
Important Points to Consider
The paper is to be written in strict conformance to current APA standards, and must contain 10- 15 pages of content (excluding the title page, abstract, and references), utilizing at least 10 scholarly sources.
It is highly recommended that you download and read the instructions to avoid any stress created by issues that are the result of waiting until the last minute.
• A SafeAssign publish check will be provided for you to use to improve your Originality Score prior to your final submission.
Three levels of current APA headings must be used throughout the paper, as this is a graduate-level research paper.
Some students do not fully understand the difference between plagiarism and paraphrasing. Paraphrasing is when you take a source or someone else’s idea and say it in your own words. When you paraphrase, you must still give the author’s name, date, title of the source, the scholarly journal where it came from, and the exact website address or book.
However, when you directly quote a source, it must have quotation marks around the quote, or (if 40 words or more) it must be set in block quotation format. You must also give detailed information of where you acquired the quote.
For the purpose of this academic paper, adhere to the follow rules when quoting or using a source:
• Do not directly quote more than 120 words from any one source.
• If the source is 2,000 words or less, do not directly quote more than 50 words from any one source.
• Do not use the same source more than a total of 3 times within the whole document for quoting or paraphrasing.
• Quotes must contain the section (if provided) and paragraph or page numbers of the quote, and this information must be placed in the reference.
• In all instances, use current APA guidelines for citations and references.

The paper must not be a series of quotations. Quotes should be used sparingly in doctoral level writing assignments. It is better to paraphrase and cite than to quote.
Email your instructor with any questions regarding the project.
Note: Your assignm ent will be checked for originality via the Turnitin plagiarism tool.

Categories
Accounting

You need to discuss how (at one time or over a period of time) and when revenue is recognized for each performance obligation.

The assignment is for Accounting 620A (Financial Report) class.
All the requirements are written in the attached files.
It’s basically analzying 5 steps of revenue recognition standards.
Steps 1 through 4 is done(I included in the attached file) and you can just look at it and see if it’s correct and you will work on the step 5 which is Recognizing revenue when the entity satisfies a performance obligation. In step5, you need to add journal entries. You need to discuss how (at one time or over a period of time)
and when revenue is recognized for each performance obligation.

Categories
Accounting

The paragraph should contain at least 75 words.

Goal and Purpose
The full Accounting Cycle (AC) includes a total of ten steps which is discussed and illustrated among three chapters. Step 6 of the AC is to record and post adjusting journal entries (AJE) (Similar to Step 1 and 2 but combined in 1 step) and is one of the major topic discussed in Chapter 3. For clarity reasons, step 6 will be split into 2 discussions, recording AJE (current discussion) and Posting AJE (next discussion).
The purpose of this discussion is to describe what is involve in recording AJE, explore the 5 different types of adjustments (accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciation), compare and contrast JE and AJE, , and exchange observations on what information must be included in AJE when they have been properly prepared.
Initial Post
Content
Post a full paragraph consisting of 3 full sentences describing why the adjusting process is needed, how account and amount for adjusting journal entries (AJE) are determine. Use the following suggestions to guide your post:
Select one type of adjustment you are going to focus your initial post on. Choose from accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciation.
For the adjustment you selected, what account will you debited and what account will you credited and how will the amount debited and credited be determined. Please be as specific as possible as if you were teaching a friend on how to properly complete the step.
Comment on how the UTB (Unadjusted Trial Balance) may be used to determine the account and amount on AJE.
If you understand the step well, please share what helps you or if you have difficulty understanding the step, please share what you used to overcome your initial difficulties. An example of what may help is to read and study the “Summary of Adjusting Process” topic in the book.
Compare and contrast between recording journal entries (JE) versus adjusting journal entries (AJE). For example, both JE and AJE using double-entry accounting system. Each journal entry must have a debit side and credit side and the debit equals credit. In contrast, the cash account may be debited or credited in a JE, but you will never find the cash account being debited or credited in AJE.
The paragraph should contain at least 75 words.
In your post, you can add files, links, photos, equations, and/or media if it supports your position. Once you finish, click Reply button below.

Categories
Accounting

Use the income statement questions word document as you complete the excel income statementdownload excel income statement by entering the supplied values from the word document for march and april.

Use the Income Statement Questions Word document as you complete the Excel Income StatementDownload Excel Income Statement by entering the supplied values from the Word document for March and April. Once you have completed the entries on the Income Statement, use the totals to answer questions on the Income Statement Questions Word document