Category: Accounting

Overview
Often accounting situations are not straightforward. Sometimes the diff

Overview
Often accounting situations are not straightforward. Sometimes the different options available today have repercussions for future options. It is important to be aware of the various accounting standards in order to make the best decisions and apply the best method based on the given circumstances.
In this assignment, you’ll review a scenario outlining a partial acquisition of a new company and apply accounting methods based on the given situation. This assignment will help you complete Project Two, where you will analyze complex accounting situations in the context of a business transaction.
Scenario
You own a successful chocolate company and would like to expand your business and invest in an online candy company. You’ve found the perfect company, Online Confections of a Chocoholic. You have reviewed the 10-K report and financial statements. You are satisfied with this choice as an investment. Now, you must decide how much you want to invest in Online Confections of a Chocoholic. You have a choice to own as much as you want to invest.
Once you have decided how much you want to own of Online Confections of a Chocoholic, go ahead and make the purchase. You’ll now have to think about journal entries and disclosure statements for your new online-based business.
Directions
Determine how much to invest in this new online candy company. Since this is a fictional company, there are no 10-K reports available. Therefore, you will have to decide on a fictional amount to invest. Use the accounting methods and principles from the Financial Accounting Standards Board (FASB) Accounting Standards Codification and Generally Accepted Accounting Principles (GAAP), linked in the Supporting Materials section, to apply the correct method to the given acquisition and to summarize basic journal entries based on the amount invested.
Specifically, you must address the following rubric criteria:
Rationale
Explain the rationale for the accounting method that would be used to consolidate if you decided to acquire 20% or less of Online Confections of a Chocoholic.
Explain the rationale for the accounting method that would be used to consolidate if you decided to acquire between 20% and 50% of Online Confections of a Chocoholic.
Explain the rationale for the accounting method that would be used to consolidate if you decided to acquire more than 50% of the company.
Journal Entries
Summarize the basic journal entries needed for the current period (at the time of investment) and end of year if 15% of Online Confections of a Chocoholic was purchased. Include the following details in your response:State the exact dollar amount of the investment.
Note the accounts that should be used in the journal entries.
Use debits and credits appropriately.
Summarize the basic journal entries needed for the current period (at the time of investment) and end of year if 33.3% of Online Confections of a Chocoholic was purchased. Include the following details in your response:State the exact dollar amount of the investment.
Note the accounts that should be used in the journal entries.
Use debits and credits appropriately.
Summarize the basic journal entries needed for the current period (at the time of investment) and end of year if 75% of Online Confections of a Chocoholic was purchased. Include the following details in your response:State the exact dollar amount of the investment.
Note the accounts that should be used in the journal entries.
Use debits and credits appropriately.
Disclosure Notes
Explain the types of information that would be included in Online Confections of a Chocoholic’s disclosure notes.
What to Submit
Submit your assignment as a 2- to 4-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style.
Supporting Materials
The following resources support your work on the assignment:
Website: FASB Accounting Standards Codification and Generally Accepted Accounting Principles (GAAP)
This website will help with determining the appropriate accounting method and principles for consolidating each of the different acquisition amounts. It includes the GAAP, which will help with preparing the journal entries. Recall the following access instructions:
Access the FASB Accounting Standards Codification website.
On the right side of the screen under Basic View, select I’m not a robot and pass through the reCAPTCHA system. Select Access the Basic View.
Accept the license agreement for the Basic View.
Find each topic/subtopic listed.
Find the coordinating codification code for each topic/subtopic. An example of this is FASB ASC 850-10-05-03.

Instructions
Gather the Financials information.
Access D&B HooversLinks to an ex

Instructions
Gather the Financials information.
Access D&B HooversLinks to an external site. to search for companies by industry.Select domestic public companies at SEC.govLinks to an external site..Use the 10K annual report as indicated below or from the company’s website under investor relations.
Access the U.S. Securities and Exchange CommissionLinks to an external site. to access your selected companies’ financial filings.Select the Filings Tab and Company Filing Search in the drop-down menu to search for publicly traded companies.Enter the selected company in the search engine to locate the required financial information to complete the Company and Stock Analysis template Download Company and Stock Analysis template. (or)
Search for a Company’s Corporate Website and locate the link for investors to locate the required information to complete the Company and Stock Analysis template Download Company and Stock Analysis template.
Review the Income Statement, Balance Sheet, and Statement of Cash Flows to gather the information that you need to complete the Company and Stock Analysis template Download Company and Stock Analysis template.
Complete the Company Analysis in the Company and Stock Analysis template.Download Company and Stock Analysis template.
Note: Select the correct tab (Company Analysis) at the bottom of the Excel document.
Determine the free cash flow for the last two most recent years for the two companies.Select one company on each of the two different domestic (U.S.) stock exchanges to review.Free cash flow is defined as cash flow from operations minus capital expenditures.
Explain how a company’s free cash flow affects its growth potential.Include the inferences you can draw from a company’s free cash flow.
Complete the Company Analysis section including the Industry and the names of the three companies.
Complete the Income Statement section for each company’s Total Revenue, Gross Profit, Net Income, and/or EBITDA.Net Income is a generally accepted accounting principle (GAAP).
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is not GAAP, because it usually presents more favorable numbers.
Complete the Balance Sheet section for each company’s Total Assets, Total Liabilities, and Total Stockholder’s Equity.
Calculate the following three ratios for each company and enter the results in the template (the formulas to calculate the ratios are provided in the template).Debt-to-Equity Ratio.
Gross Margin.
Operating Margin.Please list the figures used for the calculation of each ratio.
Calculate the following ratios for each company using the 10k annual report and enter the results in the template (the formulas to calculate the ratios are provided in the template).Profitability ratios.
Efficiency ratios.
Leverage ratios.
Liquidity ratios.
Discuss three takeaways or an analysis of what you have learned about each company based on their financial data.Include at least one paragraph for each company in the Template.
For help with research, writing, and citation, access the library or review library guides. You can also use the Notes to the Financial Statements that appear after the financial statements in the Annual (10K) Report, or you can use Management’s Discussion and Analysis in the Annual (10K) Report.
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is as follows: 
Review concepts related to corporate finance, investment strategies, risk assessment, corporate valuation, and financial management

Overview
Often accounting situations are not straightforward. Sometimes the diff

Overview
Often accounting situations are not straightforward. Sometimes the different options available today have repercussions for future options. It is important to be aware of the various accounting standards in order to make the best decisions and apply the best method based on the given circumstances.
In this assignment, you’ll review a scenario outlining a partial acquisition of a new company and apply accounting methods based on the given situation. This assignment will help you complete Project Two, where you will analyze complex accounting situations in the context of a business transaction.
Scenario
You own a successful chocolate company and would like to expand your business and invest in an online candy company. You’ve found the perfect company, Online Confections of a Chocoholic. You have reviewed the 10-K report and financial statements. You are satisfied with this choice as an investment. Now, you must decide how much you want to invest in Online Confections of a Chocoholic. You have a choice to own as much as you want to invest.
Once you have decided how much you want to own of Online Confections of a Chocoholic, go ahead and make the purchase. You’ll now have to think about journal entries and disclosure statements for your new online-based business.
Directions
Determine how much to invest in this new online candy company. Since this is a fictional company, there are no 10-K reports available. Therefore, you will have to decide on a fictional amount to invest. Use the accounting methods and principles from the Financial Accounting Standards Board (FASB) Accounting Standards Codification and Generally Accepted Accounting Principles (GAAP), linked in the Supporting Materials section, to apply the correct method to the given acquisition and to summarize basic journal entries based on the amount invested.
Specifically, you must address the following rubric criteria:
Rationale
Explain the rationale for the accounting method that would be used to consolidate if you decided to acquire 20% or less of Online Confections of a Chocoholic.
Explain the rationale for the accounting method that would be used to consolidate if you decided to acquire between 20% and 50% of Online Confections of a Chocoholic.
Explain the rationale for the accounting method that would be used to consolidate if you decided to acquire more than 50% of the company.
Journal Entries
Summarize the basic journal entries needed for the current period (at the time of investment) and end of year if 15% of Online Confections of a Chocoholic was purchased. Include the following details in your response:State the exact dollar amount of the investment.
Note the accounts that should be used in the journal entries.
Use debits and credits appropriately.
Summarize the basic journal entries needed for the current period (at the time of investment) and end of year if 33.3% of Online Confections of a Chocoholic was purchased. Include the following details in your response:State the exact dollar amount of the investment.
Note the accounts that should be used in the journal entries.
Use debits and credits appropriately.
Summarize the basic journal entries needed for the current period (at the time of investment) and end of year if 75% of Online Confections of a Chocoholic was purchased. Include the following details in your response:State the exact dollar amount of the investment.
Note the accounts that should be used in the journal entries.
Use debits and credits appropriately.
Disclosure Notes
Explain the types of information that would be included in Online Confections of a Chocoholic’s disclosure notes.
What to Submit
Submit your assignment as a 2- to 4-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style.
Supporting Materials
The following resources support your work on the assignment:
Website: FASB Accounting Standards Codification and Generally Accepted Accounting Principles (GAAP)
This website will help with determining the appropriate accounting method and principles for consolidating each of the different acquisition amounts. It includes the GAAP, which will help with preparing the journal entries. Recall the following access instructions:
Access the FASB Accounting Standards Codification website.
On the right side of the screen under Basic View, select I’m not a robot and pass through the reCAPTCHA system. Select Access the Basic View.
Accept the license agreement for the Basic View.
Find each topic/subtopic listed.
Find the coordinating codification code for each topic/subtopic. An example of this is FASB ASC 850-10-05-03.

The background is in the file in the exercise instructions. Please read for furt

The background is in the file in the exercise instructions. Please read for further detail, but here is what it entails:
1. Complete the 2022 Actual budget and the 2023 forecast. Most of the data is given, the cells that are in orange need to be highlighted.
2. Based on the 2022 and 2023 data, please create a 2024 budget that include all of the accounts that are in the 2022 and 2023.
3. A one to two page memo about the revenue and expense trends.

1. How much has Alex Avila spent with us?
$15,553.57
$13,812.67
$12,628.04
$1,78

1. How much has Alex Avila spent with us?
$15,553.57
$13,812.67
$12,628.04
$1,783.68
$3,264.47
$13,769.90
$16,207.35
$18,793.85
$15,993.10
$18,003.07
2: What is the GROSS profit earned in 2024?
3. What is the net profit for 2023?
4. What is the COGS for the southwest region?

Prepare an analysis showing whether a product line or other business segment sho

Prepare an analysis showing whether a product line or other business segment should be added or dropped as per the requirements [the 3 analysis requirements in the end of the attached document]

I have uploaded the assignment brief.
You can choose one of these companies fo

I have uploaded the assignment brief.
You can choose one of these companies for it; Mark & Spencer Group, United Utilities Group, Legal and General Group, Lloyds Bank.
Thank you

As the new financial manager of your company, listed in FTSE100, the CEO has ask

As the new financial manager of your company, listed in FTSE100, the CEO has asked you to prepare a report. The report should provide a brief analysis of the company’s performance as well as benefits of adopting International Accounting Standards to present at the upcoming board of directors’ meeting. The board of directors is planning to issue new shares to raise more capital for expansion. The CEO has asked that you assess the company’s performance against your company’s industry. Thus, to do this, you will need to use ratio analysis (Investment ratios) to determine areas in which the company is doing well, as well as areas that management should look at to improve.
Your company has recently adopted international accounting standards and the board wants to highlight the claim made by the IFRS foundation:
‘’The IFRS Foundation was founded on the belief that better information supports better economic and investment decisions. As a public interest organisation, we work to achieve this vision through the development of high-quality, global standards that result in corporate information that informs investment decisions. This work contributes towards efficient and resilient capital markets’’.
Critically discuss these claims by reflecting on the benefits of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS).
Determine which company (from the FTSE100) you will analyse for the project. Your selection may be subject to your Lecturer’s approval. As such, be sure that the company has debt on its balance sheet, and it must be a dividend paying company. Go to the website for your company and download the reports for the most recent year. Perform your ratio analysis on your company, mostly related to investors. Be sure to present and discuss at least six relevant ratios that you may best assess the company’s performance. Using an online database, collect the ratio averages for your company’s industry to evaluate your company’s performance. Provide an analysis that compares your company’s ratios to the industry standards. There is no need to explain the purpose of the ratios. Rather, be sure to provide an interpretation of the results.
Tips
Your report should aim to provide Board of directors with a broad and introductory review of this area covering:
1. Introduction (150 words)
2. Main body discussions (1,500 words)
a) How do ratios might influence investment decision?
b) Calculate and interpret at least six Investment ratios and compare these ratios with industry average.
c) You are required to complete a report evaluating at least 3 International Accounting Standards. Specifically, you should choose the International Accounting Standard from the list attached.
IAS 1 IAS 7 IAS 8 IAS 10 IAS 16
IAS 2 IAS 37 IAS 38 IFRS 3 IFRS 10
3. Conclusion and recommendation (350 words)
4. Your own understandings of, comments on, arguments and contributions to the topic, and any other important issues which you think should be addressed.
As

Compare and Contrast GAAP vs IFRS Accouting Standards.  Must be in APA format or

Compare and Contrast GAAP vs IFRS Accouting Standards.  Must be in APA format or it will not be accepted or graded.
This is the only instruction from the instructor. 

In December 2023, FASB published Accounting Standard Update (ASU) No. 2023-08, A

In December 2023, FASB published Accounting Standard Update (ASU) No. 2023-08, Accounting for and disclosure of crypto assets. In this individual writing assignment, you are asked to write a report of up to 5 pages using Word, double-spaced, size 12 Times New Roman font, to address the following required questions about accounting for crypto assets. You may use Generative AI apps such as ChatGPT and Gemini in your research. However, your report should reflect your own work. At the end of your report, you need to provide a list of references used, including the AI apps used. You may also include any exhibits or graphs in an Appendix. Both the list of references and the appendix do not count toward the page limit.
Required:
Briefly describe crypto assets. Which features of crypto assets may make them challenging to accountants and auditors? Explain.
In December 2023, FASB published Accounting Standard Update (ASU) No. 2023-08, Accounting for and disclosure of crypto assets.
Why did FASB issue this ASU?
Before this ASU takes effect, how did a public company, who is not the creator/issuer of the crypto assets, account for crypto assets under US GAAP? Which topic(s) and subtopic(s) in the FASB Accounting Standards Codification (ASC) were usually applied? Include numeric citations of the ASC in your discussion.
What are the main changes FASB is making through this ASU? What arguments does FASB provide in support of these changes? Include numeric citations of the ASC in your discussion when applicable.
As an investor (user of financial information) and future accountant and auditor, do you agree or disagree with the changes FASB is making? Explain.