What are the responsibilities of the chief accountant

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Assignment: Case Study Part

The Case Study will be due in Unit 4.

Part 1 is a formal analysis paper. You are to complete a series of "Real-World Focus" problems from your textbook.

You will select a company. The company you select must be the same company throughout the case for Part 1 in Unit 4 and Part 2 in Unit 5. The following alternatives are included to help you select your company:

1. If you work for a company that is willing to participate, you may use that company.

2. If you do not work, or if your company would not be an appropriate choice, you may choose a local company willing to participate.

3. If none of the above is an available option, you may choose to use data from any company you select as long as data is available (an internet search in accordance with the textbook Real- World Focus problem instructions would be acceptable) and would be appropriate for the assignment. The basic definition of "Appropriate" would be that it will meet all of the grading rubric requirements.

4. Under NO circumstances would a company that you own be appropriate, whether it is a sole- proprietorship, partnership or corporation.

This is the list of Real-World Focus (RWF) Problems you will complete:

Expand your Critical Thinking:

CT 1-5 - pages 38 and 39 in the physical text.
CT 2-5 - page 84 in the physical text.
CT 4-5 - page 210 in the physical text.
CT 6-5 - pages 311 and 312 in the physical text.
CT 7-5 - pages 368 and 369 in the physical text.
CT 8-5 - page 417 in the physical text.
CT 9-5 - page 473 in the physical text.

Although presented in chronological order above, the order of presentation MUST follow the grading rubric order listed at the end of this document.

In addition to simply following the steps required in each RWF Problem, the first thing to present in the case will be an introduction to the company. For example, what industry, products, services, market, customer base, competitors, etc. Be thorough! Short answers do not provide the necessary analysis or critical thinking.

Then, complete all required sections for all RWF problems.

IMPORTANT NOTE: Remember; use the SAME company for all RWF segments. Do NOT present answers to any repetitive question components. For example, you are told to answer "What is the name of the company" in a number of the problems. You are to omit such repetitive answers.

Include a "conclusion section" in your paper to summarize your case.

Your paper must be presented in a single Word document. The paper must be between 6 to 8 pages in length, not including the title and reference list pages. The paper must use proper APA Publication Manual, 6th Edition formatting, including title page, running head, abstract and reference list with properly formatted citations in the body of the paper. Headings and sub-headings are REQUIRED.

Category/Description

Part 1) Preliminary Analysis SEC - CT 4-5

(a) What spurred the creation of the SEC? Why was the SEC created?
(b) What are the 5 divisions of the SEC? Briefly describe the purpose of each.
(c) What are the responsibilities of the chief accountant?

Part 2) Preliminary Analysis FASB - CT 7-5
(a) What is the mission of the FASB?
(b) How are topics added to the FASB technical agenda? (Hint: See Project Plans in Our Rules of Procedure.)
(c) What characteristics make the FASB's procedures an "open" decision-making process? (Hint: See Due Process in Our Rules of Procedure)

Part 3) Preliminary Analysis Factoring - CT 8-5
(a) What are some benefits of factoring?
(b) What is the range of the percentages of the typical discount rate?
(c) If a company factors A/R, what percentage of the value of the receivables can it expect to receive from the factor in the form of cash, and how quickly will it receive the cash?

Part 4) Introduction to Your Organization:
- Provide Name & brief corporate history.
- Thoroughly Identified type
- Thoroughly discussed Products/Services
- Customer Base/Niche

Part 5) CT 1-5
(a) What is the company's net income? (a.1) Over what period was it measured?
(b) What are the company's total sales? (b.1) Over what period was it measured?
(c) What is the company's industry?
(d) Name 4 companies in this industry?
(e) Choose one of the competitors. (e.1) What is this competitor's name? (e.2) What is its total sales?
(e.3) What is its net income?

Part 6) CT 2-5
(a) What was the company's current ratio and debt to equity ratio (a variation of the debt to assets ratio)?
(b) What is the company's industry?
(c) What is the name of a competitor?
(c.1) What is the competitor's current ratio and its debt to equity ratio?
(d) Based on these measures, which company is more liquid? (d.1) More solvent?

Part 7) CT 6-5
(a) (Omit repeated questions.)
(b) How has its inventory changed from the previous year?
(c) What is the amount of raw materials, work in process, and finished goods inventory?
(d) What inventory method does the company use?
(e) Calculate the inventory turnover and days in inventory for the current year.
(f) If the company uses LIFO, what was the amount of its LIFO reserve?

Part 8) CT 9-5
(a) Omit
(b) What is the Internet address of the annual report?
(c) At fiscal year-end, what is the net amount of its plant assets?
(d) What is the accumulated depreciation?
(e) Which method of depreciation does the company use?

Part 9) Conclusion Section -With Heading

Attachment:- Template.rar

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This is an individual project on the analysis of the preparation of financial statement and the contribution of the various regulatory, here we had selected one corporation, which assist us in presenting the required part of the project.

Reference no: EM131597484

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Reviews

len1597484

8/11/2017 2:05:54 AM

Follow order where it shows how mny points each questions is. Unit 4 Assignment: Case Study Part 1 Grading Rubric Part 1) Preliminary Analysis SEC - CT 4-5 NOTE: (a) What spurred the creation of the SEC? (a.1) Why was the SEC created? (b) What are the 5 divisions of the SEC? (b.1) Briefly describe the purpose of each. (c) What are the responsibilities of the chief accountant Part 2) Preliminary Analysis FASB - CT 7-5 (a) What is the mission of the FASB? (b) How are topics added to the FASB technical agenda? (Hint: See Project Plans in Our Rules of Procedure.) (c) What characteristics make the FASB's procedures an "open" decision-making process? (Hint: See Due Process in Our Rules of Procedure)

len1597484

8/11/2017 2:05:44 AM

Question : I need 6 pages.. please read carefully, do not just answer questions like interview but write a paper and please APA format.. I have attached APA format paper. as teacher mention , do not follow order of this: Expand your Critical Thinking: CT 1-5 - pages 38 and 39 in the physical text. CT 2-5 - page 84 in the physical text. CT 4-5 - page 210 in the physical text. CT 6-5 - pages 311 and 312 in the physical text. CT 7-5 - pages 368 and 369 in the physical text. CT 8-5 - page 417 in the physical text. CT 9-5 - page 473 in the physical text.

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