Business Decisions and the Accounting Function Resources Website icon Business Decisions and the Accounting Function Scoring Guide. Website icon APA... - Business & Finance
Business Decisions and the Accounting FunctionResourcesWebsite icon Business Decisions and the Accounting Function Scoring Guide.Website icon APA Style and Formatting.Website icon Writing Feedback Tool.This assignment will familiarize you with how the accounting function can be used to facilitate decision-making in an organization. After completing this assignment, you will understand:Business ownership forms.The purposes of the four basic financial statements.The framework of the accounting process.The underlying concepts and assumptions.Transactions affecting the financial statements.The role ethics plays in the accounting function.InstructionsRespond to the following questions using grammatically correct language and appropriate APA citations. To achieve a proficient grade in this assignment, answer the proficient-level queries for each question. To achieve a distinguished grade, answer both sets of queries for each question.Question 1: Proficient-level:Identify and describe the three basic forms of business organizations.What are the advantages and disadvantages of each form of ownership?Distinguished-level:Business entities can also be categorized by the type of business activities they perform. Identify and describe the three types. What do all three types have in common?Question 2: Proficient-level:Identify the primary objectives of every business.What are the four basic financial statements that measure the primary objectives of every business?Describe what information each statement presents and which of the primary objective(s) can be met through the information presented on the statement.Distinguished-level:Describe the difference between an asset, liability, and equity on a companys balance sheet.Question 3: Proficient-level:Identify the framework for the entire accounting process and describe its components and how they fit together to form this framework.Distinguished-level:Define the nature of an accounting transaction and provide multiple examples of these transactions.Question 4: Proficient-level:To allow the accounting process to run smoothly, accountants must rely on a set of underlying concepts or assumptions. Identify and describe each of the five concepts or assumptions.Distinguished-level:Match each of the concepts or assumptions to one or more of the financial statements that it applies to.Question 5: Proficient-level:Many accounting transactions will apply to one or more of the financial statements. In the case of the balance sheet, multiple account types can be affected. For each of the following items, provide an example of a transaction that would have the following effects on the items in a firms financial statements. Provide five correct responses:Increase an asset; decrease some other asset.Increase an asset; increase a liability.Decrease retained earnings; decrease an asset.Increase an asset; increase retained earnings.Decrease an asset; decrease a liability.Increase a liability; decrease retained earnings.Distinguished-level:Correctly provide an example for all of the effects on the items in a firms financial statements.Question 6: Proficient-level:Consider this scenario. James Stevens was taking an accounting course at State University. Also, he was helping companies find accounting systems that would fit their information needs. He advised one of his clients to acquire a software computer package that could record business transactions and prepare financial statements. The licensing agreement with the software company specified that the basic charge for one site was USD 4,000 and that USD 1,000 must be paid for each additional site where the software was used. James was pleased that his recommendation to acquire the software was followed. However, he was upset that management wanted him to install the software at eight other sites in the company and did not intend to pay the extra USD 8,000 due the software company. A member of management stated, The software company will never know the difference and, besides, everyone else seems to be pirating software. If they do find out, we will pay the extra fee at that time. Our expenses are high enough without paying these unnecessary costs. James believed he might lose this client if he did not do as management instructed. Discuss whether you believe this is an ethical violation.Distinguished-level:Identify any laws that may have been broken as a result of this issue.Write your responses in a Microsoft Word document and submit it as an attachment in the assignment area. Prior to submitting your assignment, review the Business Decisions and the Accounting Process Scoring Guide to ensure you have met all of the requirements and as a self-assessment of your work. Be sure to address the questions at the proficient and distinguished levels to achieve the highest grade possible.ANSWERSQUESTION ONEFORMS OF BUSINESS ORGANISATIONS SOLE PROPRIETORSHIP These are forms of business entities that are owned by one person, usually the individual whohas day-to-day responsibility...
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Key outcomes: The approach that you take must be clear
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Communication on Customer Relations. Discuss how two-way communication on social media channels impacts businesses both positively and negatively. Provide any personal examples from your experience
od pressure and hypertension via a community-wide intervention that targets the problem across the lifespan (i.e. includes all ages).
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Topic: Purchasing and Technology
You read about blockchain ledger technology. Now do some additional research out on the Internet and share your URL with the rest of the class
be aware of which features their competitors are opting to include so the product development teams can design similar or enhanced features to attract more of the market. The more unique
low (The Top Health Industry Trends to Watch in 2015) to assist you with this discussion.
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Next year the $2.8 trillion U.S. healthcare industry will finally begin to look and feel more like the rest of the business wo
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1. In 1972 the Furman v. Georgia case resulted in a decision that would put action into motion. Furman was originally sentenced to death because of a murder he committed in Georgia but the court debated whether or not this was a violation of his 8th amend
One of the first conflicts that would need to be investigated would be whether the human service professional followed the responsibility to client ethical standard. While developing a relationship with client it is important to clarify that if danger or
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No matter which type of health care organization
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Computers are being used to monitor the spread of outbreaks in different areas of the world and with this record
3. Furman v. Georgia is a U.S Supreme Court case that resolves around the Eighth Amendments ban on cruel and unsual punishment in death penalty cases. The Furman v. Georgia case was based on Furman being convicted of murder in Georgia. Furman was caught i
One major ethical conflict that may arise in my investigation is the Responsibility to Client in both Standard 3 and Standard 4 of the Ethical Standards for Human Service Professionals (2015). Making sure we do not disclose information without consent ev
4. Identify two examples of real world problems that you have observed in your personal
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We can mention at least one example of how the violation of ethical standards can be prevented. Many organizations promote ethical self-regulation by creating moral codes to help direct their business activities
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The inbound logistics for William Instrument refer to purchase components from various electronic firms. During the purchase process William need to consider the quality and price of the components. In this case
4. A U.S. Supreme Court case known as Furman v. Georgia (1972) is a landmark case that involved Eighth Amendment’s ban of unusual and cruel punishment in death penalty cases (Furman v. Georgia (1972)
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The ability to view ourselves from an unbiased perspective allows us to critically assess our personal strengths and weaknesses. This is an important step in the process of finding the right resources for our personal learning style. Ego and pride can be
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While you must form your answers to the questions below from our assigned reading material
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5 The family dynamic is awkward at first since the most outgoing and straight forward person in the family in Linda
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4 In order to get the entire family to come back for another session I would suggest coming in on a day the restaurant is not open
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Your paper must be at least two pages in length (not counting the title and reference pages)
The word assimilate is negative to me. I believe everyone should learn about a country that they are going to live in. It doesnt mean that they have to believe that everything in America is better than where they came from. It means that they care enough
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Single Subject Chris is a social worker in a geriatric case management program located in a midsize Northeastern town. She has an MSW and is part of a team of case managers that likes to continuously improve on its practice. The team is currently using an
I would start off with Linda on repeating her options for the child and going over what she is feeling with each option. I would want to find out what she is afraid of. I would avoid asking her any “why” questions because I want her to be in the here an
Summarize the advantages and disadvantages of using an Internet site as means of collecting data for psychological research (Comp 2.1) 25.0\% Summarization of the advantages and disadvantages of using an Internet site as means of collecting data for psych
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I think knowing more about you will allow you to be able to choose the right resources
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One thing you will need to do in college is learn how to find and use references. References support your ideas. College-level work must be supported by research. You are expected to do that for this paper. You will research
Elaborate on any potential confounds or ethical concerns while participating in the psychological study 20.0\% Elaboration on any potential confounds or ethical concerns while participating in the psychological study is missing. Elaboration on any potenti
3 The first thing I would do in the family’s first session is develop a genogram of the family to get an idea of all the individuals who play a major role in Linda’s life. After establishing where each member is in relation to the family
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Read Connecting Communities and Complexity: A Case Study in Creating the Conditions for Transformational Change
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Losinski forwarded the article on a priority basis to Mary Scott
Losinksi wanted details on use of the ED at CGH. He asked the administrative resident