Category: Accounting

.In your reading this week, you learned about receivables, collections, and bad debt. Pretend that you have been hired as the Accounts Receivable Manager for a company where you hope to work in the future and address the following:  
Recommend some best practices related to credit and collections that you think would help the company to improve the efficiency in collecting their receivables. Be sure to explain the unique elements specific to this company related to their sales processes and their customer base.

Follow the word document instructions for the task. You are to complete all the excel parts, some being in Task 1 and some in Task 2. This really needs to be completed within roughly 30 hours from now but I’m hoping to get it earlier.

Overview
Footnotes can provide additional information or details for financial statements. This short paper will allow you to identify the main function of footnotes and evaluate footnotes from various companies.
This activity will help you complete Project One.
Directions
For this assignment, you will be taking a close look at the key elements of footnotes and their purpose. Several links are provided in the Supporting Materials section, including three different organizations’ financial statements plus resources on how to research and read the financial statements found on the U.S. Securities and Exchange Commission (SEC) website. These are the financial statements of the organizations you will need for the assignment.
Finally, after you have had the opportunity to evaluate three different companies, give thought to why footnotes require more than numbers.
Specifically, you must address the following rubric criteria:
Identify the key elements of footnotes. Consider the following questions to guide your response:
What information is typically included in footnotes?
How do companies know what information they need to include in their financial statement footnotes?
Identify the purpose of footnotes. Consider the following questions to guide your response:
Why are footnotes important and how are they used with financial statements?
What kind of statement components are footnotes typically prepared for?
Why do financial statements need supplemental information to explain numbers?
Evaluate different company situations and their applications of footnotes. Include three different companies. Consider the following questions to guide your response:
How do the various companies utilize footnotes?
How are companies’ situations similar or different?
What to Submit
Submit your short paper as a 1- to 2-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style.

ASSIGNMENT
DETAILS ( I attached the document of case study )
course – Accounting for busniess 
Case Study
Procurement
Scenario 
GBI
re-sells a range of bicycles. There is a request for the Deluxe Touring Bike
(black). After reviewing the stock, you realise that stock is required, and you
are required to start the procurement process. The Deluxe Touring Bike (black)
is purchased from the vendor; Olympic Protective Gear. This vendor is already
created in the system. You create a purchase order for the Deluxe Touring Bike
(black), which is forwarded to the vendor. The goods arrive, and you will
create a goods receipt and verify the physical receipt in stock. An invoice
will arrive, which will need to be entered into the system. Payments will be
posted to the vendor, and you will review the impact the purchase has on
General Ledger.
Your task
is to complete the procurement process from a specified scenario and produces
several screenshots to verify the completion of the process. The screenshots
are to be inserted (pasted) in the specified areas below. 
Purchase
Order Data
Field
Description
Value
Purchasing Organisation
BI US
US00
Vendor
Olympic
Protective Gear
101### (where
### is your logon number)
Purchase Group
North America
N00
Material
Deluxe Touring
Bikes (black)
DXTR1###
(where ### is your logon number)
Quantity
4
Net Price
$1400 each
Currency
USD
Plant
DC Miami
MI00
Deliverable: Procurement
1. Insert a screenshot of your Purchase Order
Screenshot:
Note:
You could take a
screenshot once the process is complete or use the Display Purchase Order
functionality
Goods
Receipt Data
Field
Description
Value
Storage
Location
Finished Goods
US00
Invoice
Data
Field
Description
Value
Company Code
GBI Americas
US00
Tax
XI (Input tax)
Payment
Data
Field
Description
Value
Posting Date
Today’s date
Journal Entry Date
Today’s date
Value Date
Today’s date
Period
Today’s month
G/L Account
100000
House Bank
Bank
Amount
5600
Currency
USD
Deliverable: Procurement
2. Insert a screenshot of your Process Flow
Screenshot:

This is a simple task, Make sure to do all parts the Adjusting Entries and the closing entries. Do a good job and I will give a good tip

Please answer all the questions in the Assignment Brief. Also, I have made the decision to make assumption of the country and stage of business: I chose UK and Maturity. Let me know if you have further questions. Thank you!

This assigment is an extra credit project for my accounting class which must be done through wiley plus. 
here is the link to log in to the account, and follow by my log in *****************************************************************************************

Overview
Each VITA site provides clear standards of conduct to ensure the highest level of ethical standards are being applied to every taxpayer interaction. This is for the protection of the individual taxpayer and the volunteer, and it protects the integrity of the VITA program. For this assignment, you have been given a selection of questionable ethical scenarios. You will apply the six VITA standards to the choices made by the volunteer in each of the scenarios.
Directions
There are four different scenarios for each of the six standards of conduct covered in the Volunteer Standard of Conduct Test (VSC). These scenarios may be found in Module Two Assignment Scenarios linked in the Supporting Materials section. Review the six sets of VSC scenarios provided and select one scenario from each set to analyze. For instance, you may select 1/3, 2/4, 3/1, 4/4, 5/2, and 6/4. Choose just one scenario from each set.
Apply the relevant VITA standards of conduct to each selected scenario, explain how the tax preparer handled each situation, and describe whether the tax preparer followed or strayed from VITA ethical standards.
Specifically, you must address the following rubric criteria:
Using the scenario you selected from Scenario Set One, explain how the quality site requirements (QSR) were addressed in the scenario.
Using the scenario you selected from Scenario Set Two, identify areas of concern regarding exchanges for VITA work performed that may have consequences for volunteers.
Explain why accepting exchanges of in-kind or of monetary value is prohibited in VITA culture.
Identify consequences for failing to comply with the Volunteer Standards of Conduct.
Using the scenario you selected from Scenario Set Three, identify areas that involve solicitations from taxpayers.
State any information you gained about them (their information) for any direct or indirect personal benefit for yourself or any other specific individual.
Identify consequences for failing to comply with the Volunteer Standards of Conduct.
Using the scenario you selected from Scenario Set Four, identify evidence that a return was prepared with intentional inaccuracies.
Using the scenario you selected from Scenario Set Five, identify areas that may be considered illegal or disreputable behavior. Consider the following:
Criminal, infamous, dishonest, and notoriously disgraceful conduct
Any other conduct considered to have a negative effect on the VITA/TCE program
Using the scenario you selected from Scenario Set Six, explain the treatment of taxpayers based on the level of professional courtesy evident.
What to Submit
Submit your ethics analysis using the assignment template provided as a 2- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins.
Supporting Materials
The following resources support your work on the assignment:
Training Guide: Publication 4961 Volunteer Standard of Conduct – Ethics Training
This is a test preparation guide for the current tax year.
Resource: Module Two Assignment Scenarios

I think you will find an Excel spreadsheet to be the most effective way
of completing this assignment. Use the attached Conch Republic Spreadsheet to
help you.
Week 3 Term Project
Conch Republic Electronics
Conch
Republic Electronics is a mid sized electronics manufacturer located in Key
West, Florida. The company president is Shelley Couts, who inherited the
company. When it was founded over 70 years ago, the company originally repaired
radios and other household appliances. Over the years, the company expanded
into manufacturing and is now a reputable manufacturer of various electronic
items. Jay McCanless, a recent MBA graduate, has been hired by the company’s
finance department.
One of
the major revenue-producing items manufactured by Conch Republic is a personal
digital assistant (PDA). Conch Republic currently has one PDA model on the
market, and sales have been excellent. The PDA is a unique item in that it
comes in a variety of tropical colors and is preprogrammed to play Jimmy
Buffett music. However, as with any electronic item, technology changes
rapidly, and the current PDA has limited features in comparison with newer
models. Conch Republic developed a prototype for a new PDA that has all the
features of the existing PDA but adds new features such as cell phone
capability. The company has performed a marketing study to determine the
expected sales figures for the new PDA.
Conch
Republic can manufacture the new PDA for $200 each in variable costs. Fixed
costs for the operation are estimated to run $4.5 million per year. The
estimated sales volume is 70,000, 80,000, 100,000, 85,000, and 75,000 per each
year for the next five years, respectively. The unit price of the new PDA will
be $340. The necessary equipment can be purchased for $16.5 million and will be
depreciated on a 5 year straight-line schedule.
Net
working capital investment for the PDAs will be $6,000,000 the first year of
operations.  Of course NWC will be recovered at the projects end. 
Conch Republic has a 35 percent corporate tax rate and a 12 percent required
return.
Shelly
has asked Jay to prepare a report that answers the following questions:
What is the IRR
of the project?
What is the NPV
of the project, based on the required rate of return of 12%?

Thomas is the sole owner of Bear Company, which makes custom blankets. This year, Bear’s taxable income before any compensation to Thomas was $80,000. Bear also had $30,000 of municipal bond interest. Thomas has significant income from other sources. Thomas is single and in the 24% marginal tax bracket. Determine the tax consequences to both Bear Company and Thomas under the following situations (ignore the 3.8% Medicare surtax on Net Investment Income):
Bear is a C corporation and pays no dividends or salary to Thomas.
Bear is a C corporation and distributes $50,000 of dividends to Thomas.
Bear is a C corporation and pays $50,000 salary to Thomas.
Bear is a sole proprietorship and Thomas withdrew $0.
Bear is a sole proprietorship and Thomas withdrew $50,000.
Write a letter to Thomas summarizing the tax effects of the various scenarios, including some tax planning recommendations. Include an explanation of general concepts surrounding the calculation.
Submission Requirements
Be sure to discuss and reference concepts taken from the assigned textbook reading and relevant research.
Support your paper with the primary internal revenue section (I.R.C.) & at least 4-5 tax, credible, legislative, or court references (of which the textbook may be one).
Review the grading rubric to see how you will be graded for this assignment.
Reference the Citation and Style Manual as needed.
Links to an external site.
Your paper should be 2-3 pages in length