Your management is interested in taking over a similar business and has handed over to you the published accounts of the firm for the last three years. As the financial analyst, What analysis you would look into before making any decisions?
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- Jorge Martinez is thinking about buyingan existing printing business and hasbeen carefully studying the records of thebusiness to get a good handle on its historicalfinancial performance. Jorge heardthat you are taking a class in entrepreneurshipand asks you, “What suggestionsdo you have for me to make the best use ofthis financial information (i.e., three yearsof audited income statements, balancesheets, and statements of cash flow)?”What suggestions would you give Jorge formaking the maximum use of the financialstatements?What Would You Do? You are responsible for preparing all of the journal entries for Regional Financial Services. You have correctly prepared the following entry for financial services provided on December 15: Your boss has asked you to change the date from December 15 to January 15 so that the business’s profit, and thus taxes, would be lower. Are you allowed to do this? What is your response to your boss? How should you handle this situation?Please assist with the Balance Sheet, show workings and explain how we get common stock and retained earnings figures. You work as a freelance accounting professional and have been recently engaged by the auditors of Life-Positive Inc. for an assignment. In examining the company’s records, you have extracted the following information. 1. Prepare a balance sheet for 2021 and 2022 for the company, clearly showing information about each line item.
- XYZ is considering the option to invest excess cash in short-term financial instruments. XYZ wishes to have access to the investments as quickly as possible in order to pay bills and meet employee payroll and have a return on their investment. Briefly discuss which factors you would be focusing on under each of the six (6) steps. Briefly describe the research tools available including the CCH Answer Connect and CCH Accounting Research.Can I please have help answering #2. The financial statements are below, and the question is in the screen shot. Thank you You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company’s financial statements, including comparing Lydex’s performance to its major competitors. The company’s financial statements for the last two years are as follows: Lydex CompanyComparative Balance Sheet This Year Last Year Assets Current assets: Cash $ 820,000 $ 1,060,000 Marketable securities 0 300,000 Accounts receivable, net 2,860,000 1,960,000 Inventory 3,640,000 2,400,000 Prepaid expenses 270,000 210,000 Total current assets 7,590,000 5,930,000 Plant and equipment, net 9,600,000 9,090,000 Total…Based on your analysis of the Lion Tire transactions, draft the journal entries that should have been made in an Excel spreadsheet. Then, write a memo to Andrew explaining the accounting principles that should have been followed for Panache's investment in Lion Tire. In your memo: Illustrate how the investment will be reported in the company's balance sheet and income statement. Summarize how and why the accounting for this investment is different from the accounting for Panache's other investment securities. Devise three ways, based on past practices, that Panache can improve its future accounting principles for the Lion Tire transactions. Use examples from the Excel spreadsheet when necessary.
- Assuming that a study on risk management practices among 848 entrepreneurs is being made and some of the questions asked their educational attainment, nature of their business, the daily hours of work spent on their business, the numbers of years that the business is operating, their present capitalization and the current number of personnel. REQUIRED: How many elements are there?Assume that you have finished your MBA program and have applied for a position in the FinancialAccounting Department of a large multinational company. The company is struggling with itsaccounting reporting matters and several accounting reports are under regulatory scrutiny. In theinterview board, the recruitment committee members have asked you the following questions. i. What have you learnt in the BUS 505 course relating to financial accounting?Assume that you have finished your MBA program and have applied for a position in the FinancialAccounting Department of a large multinational company. The company is struggling with itsaccounting reporting matters and several accounting reports are under regulatory scrutiny. In theinterview board, the recruitment committee members have asked you the following question i. What have you learnt in the BUS 505 (Accounting Principles) course relating to financial accounting?
- You are the Senior Financial Accountant of Smarties (Pty) Ltd – a distributor of party foods andsweet treats. You recently recruited a Junior Accountant, Ms Jelly Pretzel, to assist you with yourduties and you are in the process of training her to assist you in preparing the financial statementfor the year ended 30 June 2021. During your training, Miss Pretzel told you “I remember learning about the International FinancialReporting Standards and the Conceptual Framework in my second‐year accounting module atuniversity, but I don’t really see how that is relevant to Smarties (Pty) Ltd”.Required: Briefly explain to Miss Pretzel why a regulatory reporting framework is required forpreparing financial information.Describe the responsibilities of a financial analyst. Write five to seven bullet points outlining the responsibilities of a financial analyst. Write in complete sentences. Use an example to discuss the importance of analyzing and managing finances to help make business decisions. How do these responsibilities help inform management decisions? What would happen if management didn’t have this information? Consider the bullet points you outlined in the previous section. Then write a brief paragraph that answers the following questions. Use examples to support your claims. Explain how to use accounting principles to analyze a business’s financial health. Give examples to support your claims. What accounting information do financial analysts use? What would happen if that information was not available or was not accurate? Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business’s financial health. In your paragraph, also answer…As an accountant, your new client Michael Sue's he's assistance in setting up his books for his business. To do this successfully, you start by showing him how you perform a transaction analysis based on the accounting equation assets equals liabilities plus owners equity. You explain to Michael how to show increases and decreases in assets liabilities and owners equity accounts using that analysis template. To help Michael understand the transaction analysis you reconcile each side of the equation by balancing out each column at the end of the transaction. complete by using the accounts cash, accounts receivable, supplies, equipment, accounts payable, notes payable, Suze capital, Suze drawing, service revenue, rent expense, salary expense, utilities expense, and advertising expense. Please record the transactions listed in the image.