DIFFERENT TOOLS OF FINANCIAL ANALYSIS   There are different tools for analyzing the financial statements of a company, such as horizontal analysis, vertical analysis, ratios for measuring financial health and profitability, and so forth. But before we begin using these tools, it is important to know the purpose of each tool.   Why do we […]

ACCOUNTING FOR AND REPORTING EQUITY AND THE STATEMENT OF CASH FLOWS   Stockholders’ equity is an important heading in a corporate balance sheet. Let’s begin the discussion of stockholders’ equity by asking a question: How is the Stockholders’ Equity section of a corporate balance sheet different from that in a single-owner business?

PLANT ASSETS, INTANGIBLES, AND ACCOUNTING FOR LIABILITIES   Companies have a significant amount of investment in long-lived assets, which include property, plant, and equipment (commonly referred to as plant assets); and intangible assets. We will also discuss different types of liabilities and understand how to account for and report those liabilities.   Let’s begin by […]

INTERNAL CONTROL, REPORTING CASH, AND ACCOUNTING FOR RECEIVABLES   In this area, we will talk about the importance of internal control in a business organization and the reporting of cash on the balance sheet as well as managing receivables and estimating uncollectible accounts. What is internal control, and what are the objectives of a well-designed […]

MERCHANDISING OPERATIONS, INCOME STATEMENTS, AND INVENTORY COST-FLOW ASSUMPTIONS   In this area, we will discuss the accounting-for-inventory transactions of merchandising companies, the two formats of preparing the income statement, and how to evaluate the profitability of a merchandising company. We will also discuss how companies determine the year-end inventory value and cost of goods sold […]

ACCRUAL ACCOUNTING, ADJUSTING ENTRIES & THE ACCOUNTING CYCLE   During the week, we will explore the differences between cash-basis and accrual-basis accounting, and learn the steps required to complete the accounting cycle. With that in mind, let’s begin by discussing the following question:   Why do companies make adjusting entries? When are adjusting entries made […]

ACCOUNTING EQUATION, ACCOUNTING CYCLE, AND ACCRUAL ACCOUNTING   In this area, we will discuss the significance of the accounting equation, the rules of debit and credit, and the steps in the accounting cycle. We will talk about recording of transactions, normal balances, and the creation of the trial balance.   Let’s begin by asking this […]

Current Issues Paper Written Assignment Find and search any website that discusses topics pertinent to FASB, SEC, IFRS, or anything related.   Specifically, describe and discuss the changes that have occurred within the prior 12 months in the standards and rulings issued by one of these standard setting bodies. You could also incorporate the standards […]

Communication Skills and Report Writing Written Assignment Using the articles that were selected on communication skills and report writing from the Week 1 readings, summarize five aspects of communication skills and report writing that are discussed in the articles that you selected.   Explain why each aspect of communication skills and report writing is vital […]

COMMUNICATION SKILLS AND REPORT WRITING Using the DeVry University library (Links to an external site.) or other websites available for research, select any article relating to the importance of any aspect of communication in an organization.   The article should relate to some aspect of communication skills and report writing.   Provide a brief synopsis […]