Identifying four of the financial statements a for-profit organization will compile. Define them, and then describe how they interact with each other.
Four Financial Statements
For this week, write 750 words identifying four of the financial statements a for-profit organization will compile. Define them, and then describe how they interact with each other.
Your paper should be in APA format, citing support from articles published within the past 8 weeks.
ACC220 Financial Accounting
Week 3 Assignment
In the Cases & Projects section at the back of Chapter 9 in your textbook, find and complete problem “CP 9-6 Accounts receivable turnover and days’ sales in receivables.” Be sure to complete all steps and sections of the problem and show all your work. Clearly label your answers, and make sure your responses to numbers 3 and 4 are in complete sentences. Submit all your documentation for the problem to the dropbox for grading.
ACC220 Financial Accounting
Week 4 Assignment
Assume that you recently accepted an accounting position with Target Corporation. As one of your first duties, you have been assigned the responsibility of evaluating the financial statements and making a presentation to department leaders.
Use the following link https://investors.target.com/annual-reports to download Target’s most current annual report. Review the financial statements and answer the following questions:
Explain why a set of financial statements (income statement, statement of owner’s equity, and balance sheet) are useful in evaluating the company’s performance and future planning.
Explain what consolidated financial statements are and the additional information they provide.
In terms of revenues, how many sources of revenue does Target have? Describe how they handle merchandise sales.
Compute the current ratio for each of the last three years. Discuss if the current ratio improved, worsened, or held steady. Explain the significance of the changes and what the current ratio means.
Please be thorough with your responses for each section, as if you were actually presenting this analysis. Your paper should adhere to APA formatting, including double-spacing and references if necessary.
ACC220 Financial Accounting
Week 5 Assignment
In the Cases & Projects section at the back of Chapter 8 in your textbook, find and complete the following problems:
· CP 8-6 Internal Controls
· CP 8-8 Bank reconciliation and internal control
· CP 8-9 Cash to monthly case expenses ratio
Be sure to complete all steps and sections of each problem and show all your work. Clearly label your answers, and make sure your responses to sections with pencil icons are in complete sentences. Submit all your documentation for the problem to the dropbox for grading.
ACC220 Financial Accounting
Week 7 Assignment
In the Cases & Projects section at the back of Chapter 14 in your textbook, find and complete problem “CP 14-4 Present values.” Be sure to complete all steps and sections of the problem and show all your work. Clearly label your answers, and make sure your response to the pencil icon questions at the end of the problem are in complete sentences. Submit all your documentation for the problem to the dropbox for grading.
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