Prepare a financial statements on a cash basis of accounting

Assignment Help Accounting Basics
Reference no: EM131048853 , Length: word count:1000

Essay Topic

"Financial statements prepared on a cash basis of accounting may distort the portrayal of financial position and operating results of a business."

Discuss this statement and provide appropriate Examples to support your argument.

TASK:

Write a well structured research essay of 1,000 words that responds to the assignment question.

RESEARCH EVIDENCE:

A minimum of four (4) academic/scholarly sources (journal articles and conference papers) must be cited as evidence of the extent of reading and depth of analysis associated with developing your response to the essay question.

It is expected that some students may also reference other sources such as textbooks, magazine and newspaper articles etc, in addition to the minimum 4 journal articles and conference papers.

FORMAT:

Strict adherence to the following formatting instructions is required.

Marks will be deducted for non-compliance.
1. All margins to be set at 2.5cm (Top, bottom, left and right)
2. Font: Times New Roman 12pt
3. Double line spacing
4. Every page is to include:
- Header showing student name and number
- Footer to include page number using the format ‘Page X of Y'

Reference no: EM131048853

Questions Cloud

Significant resources in recruiting talent : Many organizations invest significant resources in recruiting talent but fail to implement a formal strategy to retain talent. Describe the key elements of an effective employee retention program.
Find out how a client can negotiate its use : Assume the server reads each client message with gets() or the equivalent, which reads in a string up to an . What would it have to do even to detect that a client had used command pipelining?
Healthcare delivery including benchmark events : Describe the historical background and influence on healthcare delivery including benchmark events. Examine the impact of current healthcare reform, such as the Affordable Care Act, on this factor.
Pretax rate of return and the after tax rate : Taxpayer invests $100,000 in a partnership. The taxpayer faces a personal tax rate of 70% and a tax rate on capital gains of 28%. In the first year, the partnership spends the entire $100,000 on research, which the tax payer can claim as a deducti..
Prepare a financial statements on a cash basis of accounting : Discuss this statement and provide appropriate Examples to support your argument - Financial statements prepared on a cash basis of accounting may distort the portrayal of financial position and operating results of a business
Find out what other features dns mx records provide : MX records are provided to support email; would an analogous WEB record be of use in supporting HTTP?
Feedback about performance are communicated : Performance management can achieve its strategic purpose only when measurements are truly a_______ with the organizations goals and when the goal and feedback about performance are communicated to employees.
Ability to mobilize the motivation : A person's belief about his or her ability to mobilize the motivation, cognitive resources, and courses of action necessary to execute a specific action within a given context.
Determining the international business : "Ultimately, the study of international business is no different from the study of domestic business. Thus, there is no point in having a separate course on international business." Evaluate this statement either its true or not then justify it.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute annual rate of return and the cash payback period

The purchase of the equipment should increase net income by $40,000 each year for 5 years. (a) Compute the annual rate of return. (b) Compute the cash payback period.

  What are the tax consequences of not making an insurance

1. what are the tax consequences of not making an insurance claim when insured business use property is subject to a

  On march 4 2013 hein corporation issues 1000 shares of 100

on march 4 2013 hein corporation issues 1000 shares of 100 par preferred stock for 125 per share. the stock is not

  Financing a business and holding stocks

What are the two primary ways for a company to finance its business? Which would you choose if you were forming a corporation and trying to raise funds and why?

  In 2014 hollis corporation reported net income of 1081000

in 2014 hollis corporation reported net income of 1081000. it declared and paid preferred stock dividends of 271800.

  Rental co exchanged 400 shares of wood co common stock

rental co. exchanged 400 shares of wood co. common stock which rental was holding as an investment for equipment from

  What controls should a company implement to ensure

What controls should a company implement to ensure consistency of sales information between the front end and back end of its systems?

  Xener inc inc did not pay dividends in 2009 or 2010 even

xener inc. inc. did not pay dividends in 2009 or 2010 even though 49600 shares of its 7.2 70 par value cumulative

  Calculate the amount of cash paid to employees for salaries

the following selected account balances were taken from buckeye companys general ledger atjanuary 1 2005 and december

  Verify that sales invoices are prepared only for items

hunter mcneal is studying and evaluating branyons internal controls related to the mathematical verification of sales

  Entries in the income statement of the organization

What will be the entries in the income statement of the organization when the propane starts to be used?

  Prepare the journal entry that wood-mode should make

wood-mode company is involved in the design manufacture and installation of various types of wood products for large

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd