Week 5 Discussion

FINA425-1201A-01 Budgeting

Assignment Name:

Unit 5 Discussion Board

Deliverable Length:

4–5 paragraphs

Details:

The Make a Way Foundation has run into a financial crisis. Halfway into their fiscal year, the financier has realized that the company has not put enough money aside to cover all of their costs for the children’s summer expense project.

For this assignment you should identify possible reasons for the misallocation of funding and give suggestions on what could be done to save the Children Summer Expense Project. You must answer the following:
Give at least three (3) possible reasons why the funding was overlooked.
Suggest at least three (3) ways that the Children’s Summer Expense Project could be saved

Objective:

? Identify some budgeting issues including format, and budget monitoring

ACCT315-1201A-01 Intermediate Accounting I

Assignment Name:

Unit 5 Discussion Board

Deliverable Length:

3–4 paragraphs

Details:

Your company’s accounts payable clerk is asked to fill in for your accounts receivable clerk. Many things look unfamiliar to her, and she needs some explanations. You start by saying, “Accounts receivable is claims from monies due to the company.” Continue your explanation with the following:
Explain
the classification of receivables.
how companies handle uncollectible accounts.
revenue recognition when the right of return exists.
Visit the SEC’s Web site (www.sec.gov), and then do the following:
Review a sample of financial statements submitted by an SEC registrant.
Include the URL in your post.
After reviewing the notes to the financial statements, list the types of information you found about the following:
The type of accounts receivable the registrant had
The classification
How discounts are handled (if given)
How the company treats uncollectible accounts

The following grading criteria will apply to this assignment:

Grading Criteria

Explain the classification of receivables.

15%

Explain how companies handle uncollectible accounts.

15%

Explain revenue recognition when the right of return exists.

15%

Include the URL for a sample of financial statements submitted by an SEC registrant..

10%

List the types of information you found about the following:
The type of accounts receivable the registrant had
The classification
How discounts are handled (if given)
How the company treats uncollectible accounts

15%

Comment on at least one other posting.

15%

Good format, grammar and APA.

15%

TOTAL

100%

Objective:

? Identify items of cash (and cash equivalents), understand the importance of cash management, and discuss revenue recognition when the right of return exists.

ACCT311-1201A-01 Principles of Financial Accounting

Assignment Name:

Unit 5 Discussion Board

Deliverable Length:

4 to 6 paragraphs

Details:

Consider the following scenario:

Atlantis Company sells computer components and plans on borrowing some money to expand. After reading a lot about earnings management, Andy, the owner of Atlantis, has decided that he should try to accelerate some sales to improve his financial statement ratios. He has called his best customers and asked them to make their usual January purchases by December 31. He told them he would allow them until the end of February to pay for the purchases, just as if they had made their purchases in January.

Respond to the following questions:
What do you think are the ethical implications of Andy’s actions? (1 to 2 paragraphs)
Which ratios will be improved by accelerating these sales? (1 paragraph)
Would you advise Andy to proceed with this plan? Why or why not? (1 to 2 paragraphs)

Grading Criteria

% of grade for this assignment

Response to assignment

80%

Peer Response (a minimum of 2)

20%

Objective:

? Argue the time value of money concept and appraise financial accounting concepts and their origin

? Improve research, oral and written communication skills within the financial management context

? Prioritize ethical and professional business conduct

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