This work of ACC 460 Week 4 DQs consists of: DQ1: 1. What financial statements are required of not-for-profit organizations? 2. How are they different or comparable to those provided by organizations that operate for profit? 3. How does the retained earnings section of for-profit organizations differ from that of the net assets section of not-for-profits? DQ2: 1. What are the three classifications of net assets established by FASB Statement 117? 2. How are these
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RUNNING HEADER – INDIVIDUAL ASSIGNMENT- WEEK FIVE Individual Assignment ACC 400 – Accounting for Decision Making Case 13-4 Application of SFAC No. 13 and Case 13-5 Lease Classifications July 4‚ 2010 Individual Assignment – Week Five Case 13-4 Application of SFAC Number 13 A -The Theoretical Basis for the Accounting Standard that requires certain long-term leases to be capitalized by the lessee Certain condition for specific long-term leases that is the theoretical
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Internal and external users of financial information require assurance that reports filed are accurate and transparent. Increasingly‚ both investors and legislators are requiring accountability from executives and financial officers. For this reason‚ auditing and assurance services must sign-off or attest to the credibility and reliability of written assertions. Creditors rely on the accuracy of financial reports when calculating the risk and interest rate of loans. Investors and employees need reliable
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Week Five Exercise Assignment Financial Ratios 1. Liquidity ratios. Edison‚ Stagg‚ and Thornton have the following financial information at the close of business on July 10: Edison Stagg Thornton Cash $6‚000 $5‚000 $4‚000 Short-term investments 3‚000 2‚500 2‚000 Accounts receivable 2‚000 2‚500 3‚000 Inventory 1‚000 2‚500 4‚000 Prepaid expenses 800 800 800 Accounts payable 200 200 200 Notes payable: short-term 3‚100 3‚100 3‚100 Accrued payables 300 300 300 Long-term
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ensure that the company’s goals and expectations of the organizations’ needs are met. Recruitment and Retention Adding new staff members to the team is recruiting the right candidate‚ who will be a valuable asset to the organization. This choice will reflect on the needs of the company and the services it can offer the patients or the entire health care team. With the practice of hiring a new employee all guidelines will be followed especially the legal aspects of hiring which includes but not limited
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This document of ACC 460 Week 1 DQs consists of: DQ1: Log into charitynavigator.org/. Choose a good charity and a bad charity and explain why you feel they should labeled good or bad. DQ2: What is fund accounting? How does it compare to proprietary accounting? Why is fund accounting necessary? What are the major fund types? DQ3: What are some examples of government and not-for-profit organizations? How do proprietary businesses measure achievement? How do government organizations
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Training Plan Week 5 Luis Caos‚ Nestor Prado‚ David Dejesus‚ Charles Metayer and Claudio Gorostiaga HRM 531 April 06‚ 2015 Martha Stanislas Introduction Team C was hired by Clapton commercial construction to develop a training plan to enhance the company’s employees. The team designed the following training plan for Clapton Commercial Construction which will focus on three main areas. The first will be the needs assessment. Under the needs assessment we will be going over the environmental
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Week Two Exercise Assignment Revenue and Expenses 1. Recognition of concepts. Jim Armstrong operates a small company that books entertainers for theaters‚ parties‚ conventions‚ and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense‚ (2) unearned revenue‚ (3) accrued expense‚ (4) accrued revenue‚ or (5) none of the foregoing. a. Interest owed on the company’s bank loan‚ to be paid in early July Prepaid expense
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Week 5- CNDV 5322 Based on Mike’s behaviors and lack of professionalism and work ethic‚ Justin can tell that Mike is not performing his ethical duties. As the ACA Code of Ethics (2005) states‚ Justin should first attempt to resolve the issue informally with his colleague (ACA‚ 2005‚ p.19). Confronting another counselor about unethical behavior may be difficult and cause feelings of discomfort for both counselors involved. This is an ethical responsibility and may be the only action needed to resolve
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Team C Week 4 Summary David Ramirez‚ Kelvin Hemmingway‚ Chad Etzler ACC/291 August 26‚ 2013 Ins: James Covert Introduction As we advanced through week 4 of Principles of Accounting II‚ so far‚ we have absorbed ourselves with a litany of accountancy material. Week 4 continued with variety of content that contained: identifying kinds of shares issued by companies‚ computing shares‚ dividends‚ and stock splits‚ and documenting treasury stock deals. Also discussed in text and throughout discussion
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