Module 02 Written Assignment-The Income Statement

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Module 02 Written Assignment The Income Statement

Review the account balances of Ma and Pa Grocery as of December 31, 20##, in the .

Requirements:

  1. Prepare the Income Statement for the period ending December 31, 20##.
  2. Calculate the gross profit % for the year.

Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates.

Save your assignment as a Microsoft Excel document. (Mac users, please remember to append the “.xlsx” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below:
Jstudent_exampleproblem_101504

Week 9 Assignment Accounting

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  • Week 9 Assignment Help Video
  • Click the link above to submit your assignment.

    Assignment: Ethics in Accounting

    Due Week 9 and worth 170 points

    Effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the businesses world have resulted in legislation to ensure adequate disclosures and honesty and integrity in financial reporting. A sound economy is contingent on truthful and reliable financial reporting.

    Instructions:

    • Read the following scenario.
    • Answer the questions that follow. This will be a 2-3 page submission in a question and answer format (also in paragraph form). An introduction and conclusion is not required.
    • Refer back to your textbook for guidance on how to think through the scenario.
    • You have been recently hired as an assistant controller for XYZ Industries, a large, publically held manufacturing company. Your immediate supervisor is the controller who also reports directly to the VP of Finance. The controller has assigned you the task of preparing the year-end adjusting entries.  In the receivables area, you have prepared an aging accounts receivable and have applied historical percentages to the balances of each of the age categories.  The analysis indicates that an appropriate estimated balance for the allowance for uncollectible accounts is $180,000.  The existing balance in the allowance account prior to any adjusting entry is a $20,000 credit balance.

      After showing your analysis to the controller, he tells you to change the aging category of a large account from over 120 days to current status and to prepare a new invoice to the customer with a revised date that agrees with the new category.  This will change the required allowance for uncollectible accounts from $180,000 to $135,000. Tactfully, you ask the controller for an explanation for the change and he tells you We need the extra income, the bottom line is too low.

      Required:

      In a 2-3 page paper, discuss the following:

    1. Consider what you have learned relative to ethics and financial reporting. What is the rationale for the calculations/process used to estimate the $180,000 uncollectible allowance?
    2. How do you think the misstatement of funds will impact the income statement and balance sheet?
    3. What is the ethical dilemma you face? What are the ethical considerations? Consider your options and responsibilities as assistant controller.
    4. Identify the key internal and external stakeholders. What are the negative impacts that can happen if you do not follow the instructions of your supervisor?
    5. What are the potential consequences if you do comply with your supervisors instructions? Who will be negatively impacted?
    6. Additional Requirements:
    • Use at least one (1) quality academic resource (in addition to your textbook) for this assignment. Note: Wikipedia and similar websites do not qualify as academic resources. You have access to Strayer Universitys Online Library at  and the iCampus University Library Research page at .
    • Your assignment must follow these formatting requirements:
    • Your paper should be double spaced (Arial or Times Roman 12 pt font) and follow general Strayer Writing Standards (SWS) as they relate to references and citations. Please take a moment to review the SWS documentation for details (more information and an example is included in the Strayer Writing Standards menu link located in your Blackboard).
    • Include a cover page containing the title of the assignment, the students name, the professors name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. 
    • Click to view the grading rubric for this assignment.
  • Safe AssignSafeAssign Student Message:
    SafeAssign is a plagiarism detection tool used by Strayer University Faculty to check submitted assignments for plagiarism.  When students upload an assignment to the Blackboard course shell the assignments submitted by the class may automatically be submitted to SafeAssign to check for plagiarism. 

    You may want to contact your Learning Resource team or refer to the Virtual Writing Center for information and tips to enhance your writing skills, learn about SWS formatting, and participate in live sessions.
    Questions pertaining to SafeAssisgn can be directed to: 

Literature Review/Introduction

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 you will use the five (5) sources below to address the chosen topic.  you are, in essence, building your literature review (introduction section) for your final paper. A literature review is both a summary as well as an explanation of knowledge. 

 Next, based on your understanding of each article, answer the following questions that pertain to essential literature review elements:  

 

  1. Summarize the claims made by the authors of the existing research in the field regarding the topic you have chosen. (Make sure you explain the claims the authors made about their researched topic as well as the conclusions they reached).
  2. Describe the specific research designs used in the presented research and explain how these designs were used to address the research topic. For example, what were the specific methods used to address their research questions? What types of research design(s) were used (be specific)? (make sure you briefly include the number of participants, their demographics (gender, age, and so forth if the article provides them), and briefly explain where and how the research was conducted (the procedure).
  3. How did the research designs used by researchers help in conducting their research?
  4. Do you think the research in each of the articles was conducted in an ethical manner? Why or why not?
  5. What overall conclusions can be reached by you, based on your own review and presentation of these studies and references?

 Two samples of how you should structure the information in your literature review are attached along with the rubric. Although the samples do not contain all of the information required for this milestone, it should give you an idea. Please follow the examples I have provided. 

 

Your submission for this milestone must follow the  APA paper guidelines. Your submission should not exceed 5-6 pages (excluding the cover and reference pages). It should include a cover page and reference page, be written with 12-point Times New Roman font and double spacing, and you will follow proper APA citation and reference format.

Any thoughts that are not your own MUST be cited in proper APA format. Direct quotes (short and long) MUST be cited and formatted following APA guidelines. Even if you paraphrase information, it MUST be cited.

Attached is all the supporting details 

articles in pdf file – also my question and the articles is full citation 

examples on how it’s written 

Principles Of Management: Analysis

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case question: What strategy is Channel 4 using?

Your analysis should briefly summarize the current situation then focus on analyzing the facts contained in the case in order to address the case discussion questions outlined below.  You should write this report as if you are a consultant reporting to a superior.  You should assume that this person is familiar with the case situation, therefore, she/he will be bored if you analysis simply describes the facts provided in the case.  Focus on your analysis and try to avoid making vague statements and suggestions such as we need to be more competitive.  Make solid, actionable recommendations.  In order to get paid (in this case a good grade), you do not want to repeat information that the client always knows.  

The format of the written part of the deliverable is: single-spaced 1 page max