Explain the financial statement effects, Finance Basics

Assignment Help:

Attached is the file for your bond problem. Your group must use the following for the bond problem.

In addition, using the general ledger software as described in the project instructions, your group must prepare P16-2A. Follow all instructions and answer all questions. In addition, you MUST provide a one page write up analyzing the resulting financial statement that the problem asks for. Be sure to discuss at least 4 of the ratios in Chapter 18 in your analysis.

You have been asked by the handsome CFO of Browning Teaching Charity to explain the financial statement effects of amortizing premiums and discounts on bonds using the effective interest method of amortization instead of the straight-line method. Draft a memorandum to respond to Mr. Browning's request. Include in the memorandum a discussion of which method is in accordance with generally accepted accounting principles and appropriate financial statement presentation. You should utilize at least one authoritative accounting prounouncement found in the FASB codification.


Related Discussions:- Explain the financial statement effects

Bird-in-hand theory, Bird-in-hand Theory Advanced via John Leitner in ...

Bird-in-hand Theory Advanced via John Leitner in year 1962 and furthered with Myron Gordon in year 1963. Argues such shareholders are risk averse and prefer specific. Dividend

Discounted cash flow rate of return of a project, Given the following Prese...

Given the following Present Value Plot for Projects A and B, which are mutually exclusive projects, answer the following questions: (i) What is the DCFROR for Project A? fo

What are the main functions of the financial systems, What are the main fun...

What are the main functions of the financial systems? The main functions of financial systems in short are as follows: a. Give the mechanisms by that funds can be transferre

Oogenesis - gametogenesis, Oogenesis - Gametogenesis The maturing proc...

Oogenesis - Gametogenesis The maturing procedure in oogenesis leading to the formation of ovum begins before birth but is not completed until after puberty. The primary oocyte

Contribution margin , Contribution Margin The Average of the indu...

Contribution Margin The Average of the industry Contribution Margin (CM) was 15.40% for 2004, 14.39% for 2005, and 13.18% for 2006. The chart showed that Contribution Mar

Analysis on capital budgeting npv or eaa, As the Chief Financial Officer fo...

As the Chief Financial Officer for the wholly Australian owned, Australian Stock Exchange listed company, Toy Show Ltd., an importer and manufacturer of a range of quality children

Bank draft, what is bank draft?How it can be prepared?

what is bank draft?How it can be prepared?

Advantage of bill - source of finance, Advantage of Bill - Source of Financ...

Advantage of Bill - Source of Finance Advantages of necessitating a Bill as a Source of Finance They are a faster means of raising finance whether drawer is credible.

5 problem excel on time value concepts, How quickly could something like th...

How quickly could something like this be done? And how confidential is this? Has any student ever been caught using this service?

Methods of analyzing investment, Methods of Analyzing Investment Capit...

Methods of Analyzing Investment Capital Budgeting Methods There are two process of analyzing the viability of such investment as: a) Traditional process Pay

Write Your Message!

Captcha
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