Category: Accounting

Assignment #2
1. Read the attached SEC Order Instituting Cease and Desist Proceedings in the matter of the Kraft Heinz Co., and Eduardo Pelleissone.
2. Prepare a 5-page paper, using Arial or Times New Roman font, 12 size, double spaced, and describe the actions taken by Kraft Heinz and Eduardo Pelleisone that the SEC took issue with.  (35 points)  Also, describe what action the SEC took in this case. (35 points)  
3. Email me your paper by June 9th

Instructions: 
Complete requirements 4 through 10 of the Jane’s Skateboards. You will use the file you completed in milestone one. 
4. Prepare the Adjusting Entries 
5. Post Adjusting Entries to the Heneral Ledger *** You have the Option to do this by completing the General Ledger worksheet or the Use T-Accounts Worksheet.
6. Prepare an Adjusted Trial Balance 
7. Prepare the Financial Statements 
8. Prepare the Closing Entries 
9. Post Closing Entries to the General Ledger 
10. Prepare the Post Closing Trial Balance
You will be presented with seven (7 Instructional videos in this lesson that explain how to complete the project, Jane’s Skateboards. The videos are addressing a project called Bob’s Bikes which is similar to the project you are to complete in the class.
Grade
Homework Problems Grading Criteria
90-100% 
•
Assigned exercises/problems are completed in full.
•
Work demonstrates effective application of the concepts/principles covered in the chapter.
•
Work thoroughly explains answers and calculations.
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Solutions are calculated with no errors or insignificant errors.

Reply to the two posts below. I have attached the requirements for this assignment as well.
Holly Logan
Liberty University
Acct 302: Intermediate Financial Accounting II
Communication Case 12-8
Since all publicly traded companies use EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, Ford Motor Company’s end-of-year financials were available on the Securities and Exchange Committee’s website. (Ford Motor Company, 2024) The most recent 10-K filing released on February 7, 2024 for the year ending December 31, 2023 gave the financial picture of Ford Motor Company of both 2023 and 2022. The trend of spending money on purchasing marketable securities and other investments, listed on the balance sheet, has steadily decreased from 27,491 million in 2021, 17,458 million in 2022, to 8,590 million in 2023. The cash flow of the sales of maturities of marketable securities and other investments reflect higher than the purchases with 33,229 million in 2021, 19,117 million in 2022, to 12,700 million in 2023. Marketable securities are also listed under assets in the consolidated balance sheet with a positive 18,936 million reported in 2022 and 15,309 million in 2023. Within the note nine to the financial statement of cash, cash equivalents, and marketable securities, the 15,309 million asset was made up of securities for the U.S. government, U.S. government agencies, non-U.S. government and agencies, corporate debt, equities, and other marketable securities. The two highest amounts include securities to the U.S. government and Corporate debt which make up 10,749 million alone. Net unrealized losses recognized during the year of 2022 and 2023 on all equity securities were a $968 million and $23 million loss, respectively. No investments were reported by the equity method. Within the comparative income statement, 2023 was the first year in which Ford Motor Company reported a gain on available for sale securities of $326 million; whereas, losses of $209 million and $576 million were reported in 2021 and 2022, respectively. Ford Motor Company reported acquisitions of finance receivables and operating leases within their cash flows from investing activities which resulted in a loss of $54,505 million in 2023. 
From these findings, Ford Motor Company seems to be steering away from investing in the marketable securities with their purchasing amount trending downward within the last three years with a heavy focus on U.S. government and corporate debt securities which makes up more than two-thirds of their asset amount of marketable securities. The unrealized losses on all equity securities within the past two years meant that the market rate of interest rose after these were purchased which caused the fair value of the bond to fall.  
References
Ford Motor Company. (2024). 10-K: Annual report for year ending December 31,2023. https://www.sec.gov/ix?doc=/Archives/edgar/data/37996/000003799624000009/f-20231231.htm
Jimmy George
ThursdayMay 16 at 8:10pm
Manage Discussion Entry
Hi Everyone,
The International Accounting Standards Board (IASB) has undertaken various initiatives pertaining to the application of the equity method in accounting, particularly focusing on asset transfers between entities categorized as investor and investee, such as associates or joint ventures (Bradury, 2017). IAS 28 mandates that an investor accounts for its investment in associates using the equity method, necessitating a minimum holding of 20% of voting power for identification as an associate; otherwise, the presumption of lacking significant influence prevails (Deloitte, 2003). Manifestations of significant influence include board representation, involvement in policymaking, substantial transactions, personnel interchange, and provision of crucial technical data (Deloitte, 2003). IAS 28 provides guidelines for applying the equity method in conjunction with investment accounting for associates and joint ventures, encompassing entities exercising joint control or significant influence over an investee (Deloitte, 2011). These relationships encompass various forms such as significant influence, joint arrangements, joint control, joint ventures, joint venturers, and equity method. Renault, in the present context, adopts the equity method wherein joint ventures are initially recognized at cost, with the extent of investors’ voting rights determined by their interest in the joint venture entity (Deloitte, 2011).
The equity method delineates a scenario where an investor lacks control but possesses significant influence over the investee entity (Spiceland et al., 2023). Consequently, Renault neither controls Nissan nor Mitsubishi but exerts significant influence. Within the framework of the equity method, Renault’s significant influence implies the ability to participate in crucial financial and operational decisions of the investee (Deloitte, 2011). Despite contractual limitations preventing Renault from exerting substantial influence over the appointment of Nissan’s directors or swaying votes in their favor during meetings, Renault held two seats on Nissan’s Board of Directors in 2019 (Spiceland et al., 2023). Thus, it appears that Renault’s influence is contingent upon its participation in the Alliance Board established in March 2019, comprising four members, including representatives from Renault such as the Chairman of the Board and the Chief Executive Officer. The Renault-Nissan alliance signifies a strategic collaboration wherein all parties contribute, distinct from a merger, which presents challenges due to cross-cultural differences when companies from disparate countries are involved (Gill, 2012).
Both International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP) mandate the utilization of significant influence investees under the Equity Method (Spiceland et al., 2023). However, a notable distinction arises regarding the adjustment of accounting policies of investees to align with those of investors, as required by IAS 28 but not mandated under U.S. GAAP (Spiceland et al., 2023). Renault’s adherence to adjusting for fair value of assets and liabilities aligns with GAAP principles. Notably, IFRS lacks the provision of a fair value option for most investments that do not qualify for the equity method (Spiceland et al., 2023). Despite this, adjustments made by Renault appear consistent with IFRS guidelines. Within the framework of IAS 28, which governs the application of the equity method, only IFRS standards are historically referenced.
The adjustments made for harmonization, particularly concerning the fair value of assets and liabilities, demonstrate consistency with International Financial Reporting Standards (IFRS). Under the equity method, adjustments are necessitated at cost. In line with the findings of the article “Accounting Standards Harmonization and Financial Statement Comparability,” harmonization yields a significant and visible enhancement in financial statement comparability through a systemic transformation in information preparation and disclosure. Accounting standards harmonization entails aligning activities or processes to conform with others. Consequently, when two firms report identical economic activities under the same standards, the measurement processes should ideally exhibit perfect correlation (Wang, 2014).
References
Deloitte. (2011). IAS 28 — Investments in Associates (2003). Iasplus.com. https://www.iasplus.com/en/standards/ias/ias28
Deloitte. (2011). IAS 28 — Investments in Associates and Joint Ventures (2011). Iasplus.com. https://www.iasplus.com/en/standards/ias/ias28-2011
Gill, C. (2012). The role of leadership in successful international mergers and acquisitions: Why Renault-Nissan succeeded and DaimlerChrysler-Mitsubishi failed. Human Resource Management, 51(3), 433–456. https://doi.org/10.1002/hrm.21475
Spiceland, Sepe, J., Nelson, M. W., & Tomassini, L. A. (2009). Intermediate Accounting. McGraw-Hill.
WANG, C. (2014). Accounting Standards Harmonization and Financial Statement Comparability: Evidence from Transnational Information Transfer. Journal of Accounting Research, 52(4), 955–992. https://doi.org/10.1111/1475-679x.12055

Assignment #1
1. Read the attached material on “The Company Office Manager” described in the Clark Schaefer Hackett, CPAs and Business Consultants PDF.
2. Prepare a 5-page paper, using Arial or Times New Roman font, 12 size, double spaced, and describe the Internal Control issues the business has where the office manager worked. (35 points)  Also describe what changes you would make to the Internal Controls to mitigate this type of fraud in the future. (35 points)
3. Email me your paper by June 9th.

You were recently hired as an entry-level bookkeeper for a service business that recently opened. This is the first month in operation for the business and your first task is to record business transactions for their first month using the source documents and transaction data the owner will provide to you. Because this is a small business that does not use computerized accounting, you will apply the accounting cycle in Excel to record transactions and generate financial reporting results for the owner.
Prompt
Record Financial Data: Use accepted accounting principles to accurately capture business transactions for the month in the Company Accounting Workbook Template using the data provided in the Accounting Data Appendix document.
Specifically, you must address the following rubric criteria:
Accuracy: Prepare entries that are accurate in that they fully reflect the appropriate information.
Completeness: Prepare entries that are complete for each month, including transferring posted entries to T accounts.
Unadjusted Trial Balance: Prepare the unadjusted trial balance portion of the “Trial Balance” tab of the company accounting workbook, ensuring that the total debits and credits match.
What to Submit
Using the provided template, submit your company accounting workbook with the following portions completed: the General Journal tab, the Ledger Accounts tab, and the Trial Balance tab. This should be completed and submitted using the Microsoft Excel workbook template. Please note that the first tab of the workbook provides you with the chart of accounts. These are the accounts you will use in recording transactions for the month.
Walkthough video: https://www.youtube.com/watch?v=7EltTviAhtw

1.      Students will complete a class
project which will involve the study of Caterpillar Corporation, using the 2021
Annual Report.  Project can be completed individually;
however, students are encouraged to work in groups of 3-4 persons. 
2.      The study will include a vertical and
horizontal analysis of both Income Statements and Balance Sheets.  Groups/student will also provide history of
the corporation studied, a brief discussion of the CEO, CFO, Board of
Directors, and products sold/services provided. 
Groups/student will discuss the Fiscal Year used by the corporation, Working
Capital, Earnings Per Share on Common Stock, and the Price-Earnings Ratio.   
3.      A total of 100 points will be awarded
to each student for completion of a 10-page paper (1 paper per group) with
citations. 
4.      Grading:
a.      100 points- A 10-page paper, double
spaced, Arial or Times New Roman style, 12 font size, APA style/format, with a
least 5 citations.  Less that 10 pages, 20
points will be deducted from the 100-point total.  Less than 5 citations, 20 points will be
deducted from the 100-point total.  If no
vertical and horizontal analyses is explained in the
paper, 40 points will be deducted from the 100-point total.
b.      The 10-page paper for the class
project is due by June 5th, 2023. 
Students can email me their work in Canvas.    

Chapter 3 Discussion Question
Provide a thorough and broad overview of all four types of adjusting entries.  In addition, provide an illustration of each type of adjusting entry.
Response must be at least 150 words, substantive, relevant, and posted by the due date. Open-ended questions to classmates or instructor do not count.

Create a report certifying the correctness of the data set. You must evaluate the existing data set and perform error detection, gap analysis, and anomaly detection. Include any screenshots necessary to support the analysis.
In the report to the vice president, include the following criteria:
Determine errors, gaps, and anomalies in the data set:
Identify the data set for errors, gaps, and anomalies.
Inconsistencies of names
Inconsistencies of numerical data and how many adjustments may be needed
Inconsistencies of blank fields
Identify if there are gaps in the data that may need additional analysis.
Identify any anomalies in the data leading to any data quality issues.
Analyze data quality issues in the data set and describe their impact.
Identify missing values and gaps in the data set.
What missing values did you identify?
What other data quality issues did you identify?
Interpret the impact of the data quality issues, stating what will happen if this unclean data set is used for organizational prediction.
Correct the errors and issues in the given data set.
Apply manual correction techniques on the data set to remove inconsistencies and improve data quality.
Describe the steps you used for the corrections and how they helped improve data quality.
Summarize your findings from the data set analysis and correction process.
Explain why you are confident that the data set is now correct and usable.
Describe how these improvements in the data set will help in further analysis and planning for the benefit of customers.
What to Submit
Submit a 2- to 3-page report using double spacing, 12-point Times New Roman font, and one-inch margins. Submit the corrected data set along with the report, which may be a .CSV, .XLS, or .XLSX file. This report should include references cited in APA format. Consult the Shapiro Library APA Style Guide for more information on citations.

Overview
Developing quantitative recommendations and financial forecasts using linear regression models to inform decision-making is a critical part of effective business planning. In this   assignment you consider the Casey Hardware Stores Scenario to develop financial             forecasting models. You will use linear regression to inform a recommendation to             management regarding store expansion.
Instructions
Use the following scenario and templates to complete the assignment:
Casey Hardware Scenario [PDF] 
Week 7 Assignment Word Template [DOCX] 
Week 7 Assignment Excel Template [XLSX] 
Create a scatter plot for Part A that accurately depicts the data contained in Table 1, and         support 2 valid conclusions regarding the relationship between profits and sales.
Use Excel to perform the Part A linear regression with no errors
Interpret results of the Part A linear regression by accurately identifying and interpreting all      specified parameters.
Create scatter plots for Part B that accurately depict the data in Table 2, and support two valid conclusions regarding the relationship between profits and sales.
Use Excel to perform the Part B linear regression with no errors.
Interpret results of the Part B linear regression by accurately identifying and interpreting all      specified parameters.
Perform all necessary calculations in Table 4 to accurately determine the profitability of each specified location based upon the multiple regression analysis results from Part B to recommend the location for the next store opening.

about costco 
cover this 4 points please 
1) Name of company 
2) Description of the company to include industry, market, and product or service
3) Describe at least two events that would be the most significant during the year 
4) Summarize the co.’s market activity for the past 3 years as compared to competitors