Category: Accounting

Hello, could you please check my essay if it’s that good to upload it to my Dr? If not, please rephrase it again.

Instructions:
Final Writing Assignment
This individual writing assignment requires responding to two independent questions in the form of a business memorandum.
  Responding to both questions (all parts) is mandatory.
  Each memo should be a maximum of two pages, single-spaced, Times New Roman, 12
points, 1 inch margin. Submitting as a Microsoft Word file is strongly preferred.
You may consult whatever reference materials you like; but, you must work independently (the only exception is receiving support from the Baruch Writing Center
on language and organization, but not content, of the memos).
 Should you use generative AI, such as ChatGPT, please clearly indicate this in your memo
(just like you would do with any other resource used for the analysis). Failure to do so will be treated as plagiarism.

Epstein,L. (2014). Financial decision making: An Introduction to Financial Reports. Bridgepoint Education.
This the course text and then 2 more references need to be added 

You are expected to calculate at least 15 sets of ratios for both companies (3 each for the
5 categories as given above). Students are advised to use the following table format for
computation of ratios. The formula used and the financial numbers for the workings are to
be clearly shown.
(b) Based on the ratios calculated indicate regarding the strengths and weaknesses of the
companies’ financial performance and financial status
(c) Using information from the findings obtained above prepare a summary
report to recommend on the financial prospects of the company to
potential investors.

Please read the article in Forbes “Research Sheds New Light On How Corporate Fraud Is Perpetuated”, (February 28,2020) 
The article discusses “managers attempting fraud strategically choose to omit expenses because they believe this type of manipulation will be easier to explain away as a simple mistake if detected”. This strategy appears to work as the article goes on to state “the auditors were more likely to classify omitted expenses as unintentional errors and active manipulations of revenue as fraud attempts”.
Corporate fraud has been responsible for the loss of a company’s reputation, employees losing their jobs, investor losses and companies going out of business. When a company’s earnings are likely to fall short of analyst expectations executives may risk engaging in fraudulent activities, such as omitting expenses.
Why do you think executives are willing to engage in fraud rather than admitting the company is not performing up to expectations with the potential risks involved if their fraud is discovered?

The importance of customers satisfaction in the banking industry, I want to compare the negative and positive impact of customers satisfaction on the banking system

Instructions
Professional Resources and Certifications Report
Overview
Many students who major in accounting seek to be certified as a Certified Public Accountant (CPA). You already identified accounting professionals who are CPAs when you located the firm that audited the financial reports of your assigned SEC company. Most large public companies are audited by the 4 largest audit firms in the world. They are:
PriceWaterhouseCoopers (PwC)
Deloitte and Touche (D&T)
KPMG
Ernst and Young (E&Y)
Only CPA firms can audit the financial statements of publicly traded accounting firms.
Why get certified? In accounting and related fields, there are several certifications in the accounting profession beyond the CPA available. Here are three certifications commonly sought by accounting professionals who do not want to be CPAs.
Certified Internal Auditor (CIA) – Certifying body is the Institute of Internal Auditors
https://na.theiia.org/certification/CIA-Certification/Pages/CIA-Certification.aspx
CIA Certification requirements:
https://na.theiia.org/certification/CIA-Certification/Pages/Eligibility-Requirements.aspx
2. Certified Management Accountant (CMA) – Certifying body is the Institute of Management Accountants
https://www.imanet.org/?ssopc=1
CMA Certification requirements:
https://www.imanet.org/cma-certification/getting-started?ssopc=1
3. Certified Fraud Examiner (CFE) – Certifying body is the Association of Fraud Examiners
https://www.acfe.com/
CFE Certification requirements:
https://www.acfe.com/cfe-qualifications.aspx
Requirements:
Choose one of the three certifications. Then, answer the following questions.
(a) What do professionals with this certification do?
(b) What did you find their primary function to be?
(a) what are the educational and work experience requirements to be certified (see the second link) besides passing the exam?
(b) What are the continuing education requirements after you are certified?
How could professionals with this certification be used in your organization or the SEC company you were assigned to study? If you use your employer, say who that is and explain what the organization is if necessary. You do not need to cite a source for this. Just tell me what you think is correct! However, if you find a source that answers this question, you should cite it.
Report Submission Requirements
Use the websites provided to create a report of at least one paragraph to answer each of the three questions.
The goal is to research, consider, and report on what you learned about these topics.
Report Layout
Always include your name and a descriptive title in the file name.
Create, save, and submit a Microsoft Word document that covers the questions listed and consists of at least one paragraph each for each question. 
Include a title page and a reference page. 
Your report should be single-spaced, with double spacing between paragraphs.
Use headers within the document. You can copy and paste the questions as your headers.
Spell check. Write, read, and edit. Take care with word selection and sentence structure.
Use APA style for citations and create a References page. Include website references.
Similar to all submissions for this class, use your own words.

Here are some examples of how you can make the third activity socially responsible for each course:
GOVERNMENTAL ACCOUNTING: You can explore the Saudi initiatives towards social responsibility, such as CSR, ESG, local content, etc.
This is just a suggestions; you could do your presentation in whatever way you think is socially responsible.
> structure of the presentation
– first page for names and class number
– ⁠introduction and ( definition ) about the topic
– ⁠link the topic with social responsibility
– ⁠ example – ⁠conclusion
– ⁠ reference
–
– Attached ( chapters of the course to select topic from it )
– i need 8-9 pages ( names page not included and reference page also ) – i need word file to help the group to explain each slide

Berkshire Toy Company
For question 1, you may use the worksheet on CANVAS.
Please note that this assignment is graded based on effort.
1.     (a) Using the information in the case, prepare a flexible budget 1 for the Berkshire Toy Company using the actualproduct mix (174,965 units from retail and catalog sales, 105,429 units from internet sales, and 45,162 units from wholesale). 
(Note: Prepare a flexible budget based on actual units sold multiplied by the static budget prices. Use a budgeted price of $42 for internet sales.)
(b) Using the information in the case, prepare a flexible budget 2 for the Berkshire Toy Company using the budgeted product mix (Note: According to the budget, 85% of the total sales volume come from retail and catalog sales, 0% from internet sales, and 15% from wholesale (refer to the table at the bottom of page 289)). 
(c) Conduct the variance analysis by calculating the differences between (1) actual and flexible budget 1, (2) flexible 1 and flexible budget 2, (3) flexible budget 2 and static budget. List the factor(s) that drives the differences identified in (1), (2), and (3). 
(d) Using the information in the case, subdivide the flexible budget variance (the difference between actual and flexible budget 1) into the appropriate price (rate or spending) and efficiency (usage or quantity) variances for materials, labor, and variable overhead. 
2.     Compute the bonuses earned in fiscal 1998, if any, by David Hall of the purchasing department, Rita Smith of the marketing department, and Bill Wilford of the production department. 
3.     Pick one of the managers (Rita Smith, David Hall, or Bill Wilford), and discuss likely explanation(s) behind the observed variances that form the basis of a manager’s compensation. Please use the information provided in the case. (word limit: 300 words)
4.     What do you think about the current incentive compensation plan? How would you improve the incentive plan?  And why? (word limit: 300 words)

Briefly comment on the ratios above. Address the trend of change in the ratios for each company and compare the two companies.