xx/xx/xxxx xacc/280 week 8 Checkpoint The collapse of Enron back in 2001 shows a number of unethical practice. This company shows unethical practice in accounting as well as business. This company is a perfect example on how unethical behavior of a few people can affect millions of individuals. This also affected these individuals for many years after. Enron was the first business to have nationwide gas pipeline networks. On November 8‚ 2001 Enron made an announcement in a SEC filing that
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This document of XACC 280 Week 9 Capstone Discussion Question shows the solutions to the following problems: Review the annual reports for PepsiCo.‚ Inc and the Coca-Cola Company in the Appendixes A B of Financial Accounting. Select either PepsiCo‚ Inc or Coca-Cola Company. In your estimation‚ the company you chose may be financially healthier or weaker. Would you invest in this company? Explain why or why not. Justify your reasoning by presenting at least three key financial ratios
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required closing processes‚ while demonstrating to them that I was competent with my allotted tasks by completing them in the time requested. She and Mr. Rackers had accepted my proposal. As the day came‚ she was resolving an issue from the previous accounting week‚ and was speaking with Mr. Whittaker about invoicing. After speaking with him‚ she had walked back to office‚ but stopped by my cubicle to check my progress. The conversation went
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Accounting Team Project Naomi Konen and Chue Lee 8-2 a) Joan’s first mistake is not using control of cash receipts. She is having only one person go through the whole accounting controls process. There should be other people involved in this process including Joan herself. Joan must also realize the limitations of human controls. One person going through the entire process is bound to make a human error. b) Joan initially failed by trying to joke about her employee stealing. Stealing
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changes in grammar and style. Please evaluate each comment carefully to ensure that the suggested change is appropriate for your paper‚ but remember that your instructor’s preferences for style and format prevail. You will also need to review your own citations and references since WritePoint capability in this area is limited. Please see the other helpful writing resources in the Tutorials and Guides section of the Center for Writing Excellence. Thank you for using WritePoint. [NOTE: WritePoint
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inquiring about some of the functions that PowerPoint has to offer. She has asked about how some of the features of PowerPoint can support her data that she has gathered. I will begin by repeating back her question to verify that we are on the same page. One of the challenges I will probably face is explaining the terms to the customer in a manner she would understand. PowerPoint is a user-friendly program. Sometimes explaining something easy is not easy at all. Hopefully the data and charts she is using
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With this method‚ one can determine an increase or decrease in assets liabilities or stockholders equity. This can be done in percentage or totals Horizontal analysis is used primarily with an intercompany comparison. Ratio analysis is when one uses three comparisons to look at the financial statements it would look at industry average intracompany and intercompany. Ratio expresses the mathematical relationship in a percentage either a rate or a proportions. It depends on if you are a Short-term creditor
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assumption. Monetary unit assumption states that only transaction data that is expressed in terms of money can be included in the accounting records. Economic period assumption states that the activities of the entity should be kept separate and distinct from the activities of the owner and of all of the other economic entities. Time period assumption states that the economic life of a business can be divided into artificial time periods. Going concern assumption states that the company will continue in
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destination (3) FOB destination (2) FOB shipping point (4) FOB shipping point Which items should be included in Fetherston’s inventory at December 31? a. (2) and (3) b. (1) and (4) c. (1) and (3) d. (2) and (4) 2. _____ Cost of goods sold is computed from the following equation: a. beginning inventory – cost of goods purchased + ending inventory.
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informed Decision. “The purpose of financial information is to provide inputs for decision making” (Kimmel‚ Weygandt‚ Kieso‚ 2009‚ Para 1‚ p. 6). There are four different parts covered in a Financial Statement; those are Balance Sheet‚ Income Statement‚ Retained Earnings Statement‚ and Statement of Cash flow. The assignment will elaborate the purpose of each statement and differentiate its utility for different
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