Please explain why “stealing inventory” is one of the most interesting fraud schemes committed by an employee. Provide a short explanation as to what it is and why you find it interesting.
Select one of the following foreign countries: China, Germany, Japan, Mexico or the United Kingdom, and provide a country profile discussing the topics outlined below. In addition, using EDGAR (http://www.sec.gov/edgar.shtml), find the non-U.S. GAAP financial statements for a company from that country.
Prepare a 4-5 page analysis of the country you chose discussing the following:
Compare the accounting profession in your selected country including professional conduct rules.
Identify how the accounting standard are set in that country.
Identify two financial reporting standards that differ from those of U.S. GAAP.
Identify national characteristics unique to the country that influence accounting.
For the two financial reporting standards identified in your paper, use Excel to create an applicable supporting schedule that provides an example of the adjustments that would need to be made to your foreign company’s financial statements for it to comply with U.S. GAAP. Cite all sources using APA Format.
You receive a call from an Apple investor who asks you the following questions:
1) Why does Steve Jobs believe that the non-GAAP revenue numbers reported by
Apple are a better measure of its iPhone sales than the revenues reported under
U.S. Generally Accepted Accounting Principles (GAAP)? Ensure you explain the
differences in the measurement of Apple’s revenue under GAAP vs non-GAAP as
proposed by the company.
2) Does it matter in assessing the performance of Apple if how revenue is
recognized under GAAP for the sale of smartphones changes to reflect what the
company proposes? Why or why not?
3) Beyond earnings what would be appropriate accounting metrics or measures to
analyze and assess the performance of Apple in comparison to similar companies?
In making this assessment, you are only expected to use the concepts we have
discussed in the course.
You are to prepare a report to address these three questions. Please see the instructions
below regarding this report.
Materials to use (only the ones provided in the files, please do NOT use outside resources to answer the following questions).
The assignment case is: Accounting for the iPhone at Apple Inc. The rest are other materials to be used when referring to it.
For question 3, I want to examine ratio analysis (ROE, protift martin, debt to equity ratio), amongst others you think are appropriate to measure.
please follow all instructions.
You may access only materials from this course for the purpose of this report.
Your report should be no longer than 1,000 words excluding exhibits. The word count limit includes
the entire content of your document (including headings and titles) but excludes exhibits.
The penalty for exceeding the word count limit is 1% for every 50 words (or portion thereof)
over the word limit.
You work as an analyst for a financial institution that is considering investing in BP plc’s bonds. You are required to prepare a report for your board of directors that analyses and interprets BP plc’s 20xx results to help your board of directors reach a decision about whether to invest in these loan (or debt) instruments of BP plc. You should make reference to ratios calculated in part a) where they are relevant to this type of decision, and any other information you feel is relevant, and clearly explain how the information and comments you have provided will be helpful to your board of directors in making a decision of this nature. I
SkylightTravel agency Final Business Plan Assignments Project
The agency’s start-up expenses are anticipated to be $100,000, and its first year of operations is expected to bring in $1.5 million in income. The net profit of the agency is anticipated to reach $250 000 in year one and $500 000 in year three.
needed for business plan narrative and two years of Income
statements, cash flow statements, and balance sheets.
Financial transactions using a governmental accounting article related to the weekly reading in a recent publication and prepare a PowerPoint presentation.
Select one U.S. Multinational Corporation (MNC) that reports its financial statements using U.S. GAAP and a similar foreign company that reports it financial statements under IFRS. How does the company report revenues under each standard. Prepare a comparative Excel spreadsheet that shows how the company’s revenue information would differ if it is presented under U.S. GAAP and under IFRS. Discuss and evaluate the differences in the information reported. Embed your Excel spreadsheet in your paper. Submit copies of these financial statements for reference.
This research paper requires a minimum of two scholarly references: academic journals, professional journals, and/or appropriate authoritative references such as FASB Codification System, COSO, COBIT, Audit Standards, etc.
Be sure to provide specific examples throughout your paper to back up your statements
All research papers are submitted in APA format for sources and citations
Questions are on the upload image
Company topic is Starbucks Corp.
Use link for topic and balance sheet
COMPLETE the accounting cycle from adjusting entries to post-closing trial balance. Below is the unadjusted trial balance for Walton Anvils as of December 31, 2016, and the data for the adjustments. There is also an Excel Template for this problem that you may download and use (or you may use your own).
Below are the attached
1. template with given entries
2. Requirements to complete
Open T-accounts using the balances in the unadjusted trial balance.
Complete the worksheet for the year ended December 31, 2016.
Prepare the adjusting entries and post to the T-accounts.
Prepare the adjusted trial balance.
Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form.
Prepare the closing entries and post to the T-accounts.
Prepare a post-closing trial balance.
Calculate the current ratio for the company.
You have been appointed as a CEO of a public-listed company which is ANN JOO RESOURCES BERHAD. You are to identify key financial issues regarding its business situation and performance in the last three years with the aim of coming up with findings / recommendations to the Board of Directors. Key issues could refer to profitability, asset efficiency, liquidity, capital structure, and/or market performance.
The report must include horizontal and vertical financial analysis with a summary of relevant ratios in the last three years. Prepare graphs of trends where applicable.
To have a clear view of the business situation, you need to evaluate the ANN JOO RESOURCES BERHAD’s recent past, current performance and future outlook through processing information contained in company annual reports, the company website, analyst reports, and other business media. Where you are using financial data or information from the literature in your argument, cite the document and page number of the source, and these sources must be acknowledged using Harvard referencing
• Suggested format of your report:
o Brief background of the company
o Analysis of the economic, industrial and business environment with an explanation of strategic implications to company. You are required to adopt a minimum of 2 frameworks (PESTLE, SWOT, 5-Forces etc) for the analysis.
o Financial analysis: horizontal, vertical, and ratio analysis. Analysis must include comparisons with industry averages or a competitor.
o Findings and recommendations from the financial analysis.
o Implementation plan for the recommendations above. Any foreseeable hurdles to smooth implementation should be addressed.
o References: A reference list must be attached with the assignment with at least 10 references. Sources of articles obtain from dubious websites (e.g. Wikipedia, blogs, Tutor’s website, Answers.com, UK essays, Slideshare.net) are not recognised as references.
o Appendices: You may include the detail financial statements of the company, or detail explanations of analytical frameworks (SWOT, PESTLE, 5 Forces etc) in this section