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Accounting

CASE STUDIES – please follow the Rubric Guidelines There are two parts to each c

CASE STUDIES – please follow the Rubric Guidelines
There are two parts to each case study. First, PART 1 IS attached as “Case study 1”, “case study 2”, “case study 3. ” Second, write a report following the guidelines described in each case study assignment.
I purposefully do not provide an example because I want to see creativity and professionalism in these written reports. Each assignment has a specific audience and the report should be written to that audience in a way they will understand. When we grade, we read it from that perspective.
Written report:
Explanation: 30%
Professionalism: 30%
Spelling and Grammar: 20%
1 page per case study

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Accounting

Read the Mystic Monk case (see attachment), and answer the questions below: 1. A

Read the Mystic Monk case (see attachment), and answer the questions below:
1. Analyze the case in terms of management suggestions from the perspective of your major (Accounting)
2. Integrate information from multiple perspectives (Finance, Management…) in preparing strategic suggestions.
3. Communication – Identify ethical issues and articulate the importance of ethical standards and behavior

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Accounting

Read the Mystic Monk case (see attachment), and answer the questions below: 1. A

Read the Mystic Monk case (see attachment), and answer the questions below:
1. Analyze the case in terms of management suggestions from the perspective of your major (Accounting)
2. Integrate information from multiple perspectives (Finance, Management…) in preparing strategic suggestions.
3. Communication – Identify ethical issues and articulate the importance of ethical standards and behavior

Categories
Accounting

Finding forms,” complete a workpaper for each audit observation.

Audit Observations:
a. Using the template under “02. Fieldwork”, “02.02. Audit Observations_Fact
Finding Forms,” complete a workpaper for each audit observation. Your audit
observations are based on the testing you completed in #2 above.
b. Make sure you follow and use proper working paper documentation techniques
such as cross-referencing and proper file names.
c. Also, review the supplemental guidelines on how to develop a well-written audit
observation.
d. You will have 2 audit observations (02.02.A…..02.02.B……) with a description of
the observation as part of the file name.

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Accounting

Provide a rationale with your response.

Using the same business you started in the first assignment, Your Business Venture, you will continue to build a financial plan for the business.
Instructions
Write a 4–5 page paper in which you:
Prepare a pro forma balance sheet for the first 12 months of your business. Include the assumptions on which it is based. Justify your balance sheet.
Prepare a pro forma income statement for the first 12 months of your business. Include the assumptions on which it is based. Justify your income statement.
Prepare a pro forma cash budget for the first 12 months of your business. Include the assumptions that you have made when creating the budget. Justify your budget.
Scrutinize tangible and intangible costs of obtaining financial capital for your business start-up to determine whether the costs justify the implementation of the funding source.
Assume your business is five years old and running profitably and consider how you would grow your business over the next five years. Determine the specific details that would make the equity approach to valuing your business worthwhile. Provide a rationale with your response.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
Assess whether the costs of obtaining capital for a business justify use of the funding source, and whether equity-based valuation of the business is appropriate.

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Accounting

Assignment – litigation, censures, and fines

Assignment – Litigation, Censures, and Fines
Overview
You are the accountant for ACC KarParts, a thriving company that makes auto parts. You oversee all accounting functions within the company. Quinn, your supervisor, has informed you that if the company’s profits grow by 30% this year, you will receive a $30,000 bonus, and she will receive a $60,000 bonus. No bonuses will be awarded if profit growth is less than 30%. Near the end of this fiscal year, the two of you have the following conversation:
Quinn: We are getting close to 28% profit by the end of this year. If this happens, neither you nor I will get any bonus. What can be done to reach our target and get our bonus?
You: There is nothing we can do to reach 30% profit this year. However, we can plan to reach that target next year.
Quinn: If we claim some of the next year revenues to be part of the current year, you will get your bonus, I will get mine, and the investors will be happier. Therefore, everybody will be happy.
You: Uh, Quinn, that would be an unethical action.
Quinn: We are simply moving revenue from one period to another. We are not faking the revenue transactions.
As an accountant, what would you do in this situation?
Instructions
Write a 3 page report explaining to Quinn why you can’t move revenue from one period to another. In the report:
Explain the importance of ethics in accounting.
Apply ethical principles and professionalism to the case at ACC KarParts.
Based on generally accepted accounting principles, recommend at least three acceptable legal alternatives to meet company goals.
Use three sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment.

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Accounting

Why did things change/ not change etc?

TARGET IS THE PUBLICLY TRADED COMPANY
• C-1: Explain and illustrate a review of financial statements and their components.
• C-2: Assess company profitability and creditworthiness.
There is no need to illustrate anything… I’ve already made a PowerPoint for the illustration of each point. I just need talking points to explain each slide.. are they profitable are they creditworthy? why did things change/ not change etc? See files…

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Accounting

Part b (press release & conference call): this part requires you to read a press release announcing meta’s 2022 q3 earnings results and listen to a conference call via an archived webcast.

Fellow the instraction from the word and solve the questions.
use the website: http://www.sec.gov/edgar/searchedgar/companysearch.html
2 part
PART A (SEC Filing) The following questions require you to find information contained in META PLATFORMS, Inc.’s (previously known as Facebook Inc.) 10-K filings filed with the SEC. You can find the 10-Ks on the SEC Edgar website:
http://www.sec.gov/edgar/searchedgar/companysearch.html
Search for “META” or ticker symbol “META.” Then click on “Classic version” on the top right corner on the page. Filter the results by entering “10-K” in the “Filing Type:” field. (7 questions)
PART B (Press Release & Conference Call): This part requires you to read a press release announcing META’s 2022 Q3 earnings results and listen to a conference call via an archived webcast.
One way to bring up the press release (do not go to the SEC website):
a. Go to Meta’s Investor Relations website: investor.fb.com
b. “Q3 2022 Earnings” is featured on the Meta’s Investor Relations website. If not, click on “Financials,” then the “Quarterly Earnings” for “2022 Q3”.
The following questions can be answered from a careful reading of the press release. (9 questions)

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Accounting

Why would an investor want to invest in you, rather than any other opportunity?

The objective of this project is to develop a Business Plan for a new business proposal. You have an idea for a food related business to be opened in Halifax. This could be a food truck, a small restaurant, a cup cake retailer, etc. The specific type of business is up to your group to decide. Like all business plans, yours should include sections on the business environment including the general market and the competition; your marketing plan which should go beyond just advertising and include other issues such as product choices, customer analysis and pricing for instance; an operational plan which would include details beyond location and size but also equipment needs and layout etc.; a human resource plan which would include such things as number of employees, skills needed and wages etc.; and of course a financial plan. As part of your financial plan, you must include two-years of quarterly projected Income Statements and Balance Sheets as well as details on start-up costs. You may assume that your group has $50,000 of personal savings that you are willing to invest in the business and that you as owners will not draw any salaries in the first two years. Of course, there may be wages and salaries to other employees in addition to all of the operating and administrative costs associate with running a business. Try to estimate how much additional financing will be needed to start up the business and survive the first two years. How much will you need to raise from another investor? Why would an investor want to invest in you, rather than any other opportunity? Will you and your investors likely earn a reasonable return on your investment?
There are several websites available with very helpful information on how to develop a business plan. A good place to start is the Government of Canada website, which has some excellent resources at https://www.canada.ca/en/services/business/start/planning.html,
or https://sbs-spe.feddevontario.canada.ca/business-plan-guide
Some downloadable templates and sample plans from several other sources can be found at:
https://sbs-spe.feddevontario.canada.ca/en/sample-business-plans-and-templates
You may want to review industry averages for your financial projections. One place to start is http://www.ic.gc.ca/eic/site/pp-pp.nsf/eng/h_pm00000.html.
Note that these are only suggested places to start your research. There are many other potential sources of industry information as well as suggestions on professionally presented business plans.
Specific Requirements:
1. You may choose your own groups of between 2 and 3 students. No more than 3 will be accepted, but you can do this project as an individual if you wish. Remember, if you choose not to do the case project, you must do this business plan project.
2. The group report is due Dec. 7. An electronic version is to be submitted online through Brightspace. Be sure to identify all group members on the cover page of the report and all members should submit a copy under their own name in Brightspace.
3. The report should be about 10 pages of typed text plus appendices. You may go beyond this general guideline if you wish, but I will stop reading if you go beyond 20 pages in total.
4. You may be tempted to ‘borrow’ from other business plans that have been previously submitted in a prior semester, another course, or ones that are widely available such as https://www.bplans.com/organic_restaurant_business_plan/executive_summary_fc.php. Note that I require an electronic version of your plan to be submitted so that any plagiarism can be identified and dealt with in accordance with the University’s regulations on Academic Integrity and Student Responsibility.
5. The intent of this project is to challenge you to use what you have learned not only in this course but what you may have learned in other courses or in your own work experiences. It is quite acceptable to be original and creative, as well as financially responsible. The most successful business plans are ones that engender in the reader enthusiasm for the concept, and confidence in the owners. You need to show that you not only have a good idea but also the business savvy, and organizational knowhow to carry it out. Not to mention, reasonable and well-presented financial statements!
6. Be sure to properly cite all references.

Categories
Accounting

Explain if any of these factors surprise you and the reasons why.

For this assignment, visit the website below and experiment with different home values, down payments, mortgage types, and interest rates. Also, explore the full payment schedule on the website and review the interest, principle, and balance changes for different mortgage options.
Mortgage Calculator: https://www.daveramsey.com/mortgage-calculatorLinks to an external site.
Links to an external site.In a one- to three-page paper explain how such factors as home value, down payments, mortgage types, and interest rates affect the total monthly mortgage payment. Explain if any of these factors surprise you and the reasons why. What strategies could you take to pay the least amount for a house (or business location) over the life of the loan?
Your paper should be in the current APA style and include a title page and reference list for all sources used. You should use a minimum of three scholarly sources (your textbook can be one of the sources).