Exercises 854

1. Why was the statement of cash flows created by the Financial Accounting Standards Board (FASB)? 2. Describe the three classifications of cash flows, and provide examples of activities that would appear in each classification. 3. Which section of the statement of cash flows is […]

Exercises 767

1. What is meant by the term decentralized organization? 2. What are the advantages and disadvantages of decentralizing operations? 3. Refer to Why would a growing college, such as Sierra College, decentralize operations? 4. Refer to How did decentralization at Arthur Andersen contribute to the […]

Exercises 943

1. What is trend analysis? Explain how the percent change from one period to the next is calculated. 2. What is common-size analysis? How is common-size analysis information used? 3. Explain the difference between trend analysis and common-size analysis. 4. Name the ratios used to […]

Payback Period Calculation

Question: Payback Period Calculation. Wood Products Company would like to purchase a computerized wood lathe for $100,000. The machine is expected to have a life of 5 years, and a salvage value of $5,000. Annual maintenance costs will total $20,000. Annual net cash receipts resulting […]

Accounting and Financial Statements Analysis

Question: Search the course background information, the Internet and the Starbucks annual reports. Discuss the terms listed below. Explain why the following concepts/governing agencies are important to financial statements in general and to Starbucks. Financial Accounting Standards Board (FASB) Generally Accepted Accounting Principles (US GAAP) […]

Ratio Analysis

Question: The purpose of this assignment is on the preparation of financial reports for internal users, such as managers. This case study applies the concepts of managerial accounting, through comparative and ratio analysis, and requires students to identify financial data needed by managers for decision making. […]

Cost-Volume-Profit Analysis

Question: The Case Study focuses on CVP (Cost-Volume-Profit), break-even, and margin of safety analyses which allows students to experience working through a business scenario and applying these tools in managerial decision making. Resources Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Commission (SEC) Tutorial […]

Fraud in accounting

Question: Research a recent fraud case that involved kickbacks and bid rigging. Kickbacks and bid rigging have the net effect of decreasing a company’s assets by setting up fraudulent deals. How did the fraud operate? What measures could have been taken to prevent and detect […]

Short paper case study

Question: Find a recent case on mortgage fraud (published within the last three years) and answer the following questions: What is the background of the case, and how has the history of the mortgage industry led up to the current situation of the organization(s) you […]