Category: Accounting

For this assessment assignment, you will retrieve financial data from Apple Inc.’s most recent 10-K filing on the SEC Edgar website. You will then use this data to calculate key financial ratios.  Finally, you will explain the purpose of these ratios and how a business could use them to evaluate its performance.
Instructions:
Begin by downloading the Ch 4 Assessment Assignment Answers File attached to this assignment.  You will be entering all of your “answers” for this assignment on that Word document.  Once you have finished, upload your saved Word document (or PDF file) in this assignment submission folder for grading.
The first step is to retrieve Apple Inc.’s most recent 10-K Annual Report from the SEC EDGAR site.  (Directions on how to locate a 10-K on the EDGAR site are located below.)  You will retrieve the required financial data from the Income Statement and Balance Sheet located in the 10-K report.  This data will then be used to calculate the financial ratios we have studied thus far, the Return on Assets, Debt Ratio, and Current Ratio.  Finally, you will explain the purpose of each of the ratios and how a business may use each of them.
SEC EDGAR Site
The SEC Edgar website is like a library for financial information about publicly traded companies. It’s where these companies submit their required reports and disclosures to the government. Investors and analysts use this site to access and review these documents, helping them make informed decisions about investing in stocks. It’s a tool for transparency and ensuring that investors have access to important financial information.
To Pull a 10-K Report from EDGAR
To access the site, go to: SEC.gov | EDGAR | Company Filings
Type in the name of the company you’re looking for in the “Company and Person Lookup) box.  When you see the name of the company come up in the dropdown section, click on it.
Expand the “10-K (annual reports) and 10-Q (quarterly reports)” section of the “Selected Filings” box.
Review the short list of the most recently filed 10-K’s (annual reports) and 10-Q’s (quarterly reports) to locate the 10-K with the most recent date.  Click on it.
You can now use the icon labeled “Sections” at the top to navigate to different sections of the report.  If you want to go directly to the financial statements section, click on this option.  Or, you can click on one of the other options depending on what you’re looking for.

Write a 4 to 5 page paper on the following topic utilizing at least 5 scholarly journal article references:
Bartlet Financial Services Company holds a large portfolio of debt and stock securities as an investment. The total fair value of the portfolio at December 31, 2014, is greater than total cost. Some securities have increased in value and others have decreased. Deb Faust, the financial vice president, and Jan McCabe, the controller, are in the process of classifying for the first time the securities in the portfolio. Faust suggests classifying the securities that have increased in value as trading securities in order to increase net income for the year. She wants to classify the securities that have decreased in value as long-term non-trading securities, so that the decreases in value will not affect 2014 net income. McCabe disagrees. She recommends classifying the securities that have decreased in value as trading securities and those that have increased in value as long-term non-trading securities. McCabe argues that the company is having a good earnings year and that recognizing the losses now will help to smooth income for this year. Moreover, for future years, when the company may not be as profitable, the company will have built-in gains.
Instructions: (a) Will classifying the securities as Faust and McCabe suggest actually affect earnings as each says it will? (b) Is there anything unethical in what Faust and McCabe propose? Who are the stakeholders affected by their proposals? (c) Assume that Faust and McCabe properly classify the portfolio. At year-end, Faust proposes to sell the securities that will increase 2014 net income, and McCabe proposes to sell the securities that will decrease 2014 net income. Is this unethical?
Your paper must be formatted according to APA 7th edition guidelines. 

ACC 201 Project Guidelines and Rubric
Competencies
In this project, you will demonstrate your mastery of the following competencies:
Record and present financial information by applying the appropriate framework and guidelines of accounting for business transactions
Determine asset accounts and their disclosure in the financial statements
Determine liability and equity accounts and their disclosure in the financial statements
Scenario
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.
Directions
Company Accounting Workbook
Use accepted accounting principles to follow and record your business transactions for a one-month period from the first step of the accounting cycle through the reporting process. You will build on the workbook you created in Milestones One and Two, or you may start over with the blank Company Accounting Workbook Template (linked below in the What to Submit section), incorporating instructor feedback where applicable. After you complete your workbook, you will prepare a summary report of your work.
Your completed accounting workbook will consist of journal entries for each transaction and postings of transactions to account ledgers. You will develop a trial balance from the ledger balances, and use these balances to prepare the income statement, statement of owner’s equity, and the balance sheet. After the preparation of the financial statements, closing entries will be entered to transfer earnings to equity and prepare temporary accounts for the new accounting period.
Use the instructions below to complete your workbook. Specifically, you must address the following rubric criteria:
Record Financial Data: Use accepted accounting principles to accurately capture business transactions for the month using the data provided in the accounting data appendix (linked in the Supporting Materials section). You will need to address the following:
Accuracy: Prepare entries that are accurate in that they fully reflect the appropriate information.
Completeness: Prepare entries that are complete for the 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.
Financial Statements: Create financial statements using appropriate methods based on accepted accounting principles. Be sure to prepare these financial statements in the order listed, as there are important interdependencies among them. Finalize the process by closing temporary accounts.
Income Statement: Prepare the income statement using the adjusted trial balance.
Statement of Owner’s Equity: Prepare the statement of owner’s equity using the adjusted trial balance.
Balance Sheet Assets: Prepare the balance sheet asset entries using the adjusted trial balance.
Balance Sheet Liabilities: Prepare the balance sheet liabilities entries using the adjusted trial balance.
Closing Entries: Complete the “Closing Entries” tab of the company accounting workbook by closing all temporary income statement amounts to create closing entries.
Summary Report
After you have finished preparing all the financial statements, analyze the statements and write a short report summarizing your findings. Use the template provided in the What to Submit section to complete your report. There is also a Final Project Walkthrough video available in Supporting Materials that will provide guidance for completing your template. In addition to the financial statement results, the owners have requested that you provide them with additional information as further growth is anticipated. They would like more input from you to support the best possible decisions for the business.
In addition, the owners are requesting that you provide them with some suggestions on simple internal controls they can integrate to ensure protection of company assets, and accuracy in the company’s financial data. The owners are also considering acquiring more long-term/fixed assets, such as vehicles, equipment, buildings, and so on. They would like your input on the different options available for depreciation of these costs. Adding sales of product is also a consideration for expansion. The owners want to know what accounting considerations will be involved with this change.
Summary: Write a summary of what the financial statements indicate about the company’s financial health and performance.
Purpose: Discuss the accounting process and the resulting financial statements as they relate to meeting the informational needs of the user.
Process: Explain the process used to produce accurate account balances and financial statements from the individual transaction data.
Consider what is being communicated through each of the financial statements you prepared (income statement, statement of equity and balance sheet) and how this information will be used in business decision making and planning.
Analysis: Explain the company’s cash position, its net income as a percentage of sales, and its current liabilities to current assets position.
Results: Discuss the results regarding profitability of the first month of operations.
Consider how well the company is positioned to meet current liabilities.
Be sure to include the percentage of revenues that result in profit/net income and the current ratio when discussing profitability and liquidity based on the recorded month’s results.
Consider key points in your observations of results: is the company operating profitably (what percent of revenues result in profit/net income)? How well-poised are they to meet liabilities (discuss liquidity and current ratio)?
Recommendations: Recommend a simple system of controls that can be implemented to ensure protection of company assets and the accuracy and integrity of their financial data as they anticipate further growth.
Consider additional controls that will support the potential for adding merchandise and additional assets with business growth/expansion.
Asset Valuation: Discuss the treatment of current and long-term assets on the balance sheet.
Discuss at least two different methods of depreciation. Consider how the methods of depreciation will be determined.
Discuss how LIFO, FIFO, and average methods will differ and provide examples of types of applicable merchandising.
Consider how accounting will change with the addition of merchandise inventory.
What to Submit
To complete this project, you must submit the following:
Company Accounting Workbook
Your workbook should be completed and submitted as a Microsoft Excel file based on the template provided.
Project Summary Report
Use this template to submit a 1- to 2-page Word document summarizing the financial statements you created.
Supporting Materials
The following resources support your work on the project:
Resource: Accounting Data Appendix
This resource includes all the existing financial information needed to complete your project.
Tutorial: Excel Basics Office 365 (2019)
This tutorial from Infobase provides helpful information on how to use the basic features of Microsoft Excel. Use the table of contents to select the tutorials that best suit your needs.
Video: Final Project Walkthrough (7:48)
This video walkthrough is available if you need additional assistance completing your project. The video uses a sample data set for illustrative purposes.
A video transcript is available: Transcript for ACC 201 Final Project Walkthrough

ACC 330 Project Two Guidelines and Rubric
Competency
In this project, you will demonstrate your mastery of the following competency:
Apply tax laws, regulations, and codes to tax planning
Present tax positions and relevant research to stakeholders
Scenario
As a new junior accountant, your firm requests that you spend time interacting with clients on a one-on-one basis, including discussing results of prepared tax returns. This allows clients the opportunity to ask questions and to better understand their tax situation. You have been provided with several client files to review and will select one set of prepared tax returns to analyze from Client Tax Profile B found in the Supporting Materials section below. You will also be given tax planning scenarios within each client’s profile to compare. You began this work when you completed Module Six Case Study.
To gain practical experience in completing this task, you will present your analysis of each return and applicable tax planning scenario to a senior manager within the firm. In your presentation, you will explain the types of federal law sources used to prepare the return and the tax position(s) taken. In addition, you will address any tax planning considerations for the client, including identifying research necessary to make favorable suggestions and addressing the potential for tax avoidance or tax evasion based on the clients’ request to modify their current tax situation.
Instead of an in-person presentation, you will record a presentation using Bongo. You will prepare PowerPoint slides with images and content to present research completed for this project, the makeup of the client’s current tax position, and tax planning suggestions to assist the client in the future, as well as verbally showcase those slides in your Bongo presentation. You will include detailed speaker notes highlighting the important points you want to emphasize regarding the client’s current tax position and suggested tax planning.
Directions
Specifically, you must address the following rubric criteria:
Explain the federal tax law sources used in each of the prepared tax returns. Include the following:
IRC code
Tax tables
1-2 slides
Speaker notes
Explain the filing requirements for the tax position taken in each of the prepared tax returns. Include the following:
Filing status
Qualifying dependents/relatives claimed, if applicable
1-2 slides
Speaker notes
Explain taxable and non-taxable income. Consider the following:
Taxable sources of income
Profiles with non-taxable income
Non-taxable income qualifications
Reporting of non-taxable income
1-2 slides
Speaker notes
Justify deductions taken in each of the prepared tax returns. Consider the following:
Standard versus itemized deductions
Deductions taken on prepared returns
1-2 slides
Speaker notes
Evaluate tax credits applied in each of the prepared tax returns. Consider the following:
Applicable credits taken
1-2 slides
Speaker notes
Describe client profiles to assist with tax planning preparations. Include the following:
High-level points from the profile(s) to determine clients’ goals
Relevant factors that could impact the tax planning process
1 slide
Speaker notes
Identify research necessary to find applicable tax planning solutions for the clients in each scenario. Include the following:
Methods for assessing the client’s tax situation for future tax planning
Sources applicable to tax year in question to answer tax questions for the client’s scenario
Income limitations (i.e., earned income, income thresholds)
Decisions for any dependents
1 slide
Speaker notes
Describe the difference between tax avoidance and tax evasion in addressing the client profiles. Include the following:
How tax planning can help reduce tax liability in a legal way
What would be considered tax evasion
1 slide
Speaker notes
Evaluate benefits of tax planning for the clients. Include the following:
How to minimize tax liability to improve clients’ future tax situation
1 slide
Speaker notes
Create tax planning recommendations based on client profiles. Include the following:
Steps that will improve tax position based on each client’s goals (i.e., applicable tax planning solutions)
Suggestions of how clients can do their taxes differently over the coming year to achieve their goals (i.e., changes that could be made to implement a tax planning strategy not currently applicable)
Examples of how clients can improve tax position for the upcoming year
2-4 slides
Speaker notes
Bongo Auto Analysis is a tool that rates your video content for clarity, use of filler words, and speaking rate. Using this feature is optional for this assignment. You may, however, want to use it to get immediate feedback on your work, which you can then revise and submit.
ADDITIONAL RESOURCES
how to record and submit and individual assignment in bongo
https://snhu.service-now.com/kb_view.do?sysparm_article=KB0032145
how to create captions in bongo
https://snhu.service-now.com/kb_view.do?sys_kb_id=3b5cb8ca1b46b4507edeeb10604bcbcf
RESEARCH RESOURCES
https://uscode.house.gov/browse/prelim@title26&edition=prelim
https://www.irs.gov/forms-pubs/prior-year
https://www.irs.gov/privacy-disclosure/tax-code-regulations-and-official-guidance

post 2 replies of at least 150 words each
Each reply must incorporate at least 2 scholarly citation(s) in APA format. Any sources
cited must have been published within the last five years. Acceptable sources include
(professional, scholarly, or trade publications), as well as the textbook and the Bible.
post #1
The
financial position of a company is determined by a variety of factors, some of
which may be out of the company’s control. In the next three years, an
organization’s financial position may be impacted by a combination of internal
and external factors. This discussion will focus on the factors that are
expected to impact on the company’s financial position in the next three years.
One of the most
important factors that will influence the company’s financial position in the
next three years is the macroeconomic environment. “Macroeconomic factors
affect companies that are more dependent on the overall health of the economy”
(Team, 2023). Team (2023) continues to explain that “Industries involving the
production and distribution of staple goods and services tend to function more
independently.” Conversely, when the macroeconomic environment is unfavorable,
businesses tend to struggle financially. Therefore, the macroeconomic
environment will have a significant impact on the company’s financial position
in the next three years.
Another factor that is
expected to impact on the company’s financial position in the next three years
is the level of competition in the industry. Recent studies indicate that
“operating in a highly competitive industry could reduce a firm’s
profitability, rendering it more difficult to achieve financial targets” (Tang
& Chen, 2020). Meaning when the level of competition is low, businesses
tend to perform better financially. Making the level of competition in the
industry have a significant impact on the company’s financial position.
Additionally, the company’s ability to access capital will have a significant
impact on its financial position. “The capital structure of a company plays a
vital role in determining its financial health and performance” (Andersen &
Andersen, 2023). Andersen and Andersen (2023) continue to explain that capital
structure “has a significant impact on various aspects of the business, ranging
from the cost of capital to risk management and shareholder value.”
Finally, the company’s ability
to manage its costs will have a significant impact on the company’s financial
position. “Cost management is a form of management accounting that helps a
business reduce the chance of going over budget with more accurate forecasts of
impending expenditures” (Lutkevich, 2023). Making a company’s ability to manage
its costs impactful on its financial position. Therefor the company’s financial
position in the next three years will be determined by a variety of factors,
including the macroeconomic environment, the level of competition in the
industry, the company’s ability to access capital, and the company’s ability to
manage its costs. By understanding how each of these factors will influence the
company’s financial position, the company can make informed decisions that will
help it achieve its financial goals.
While doing research one bible
verse that came to mind was Deuteronomy 8:18 “But remember the Lord your God,
for it is he who gives you the ability to produce wealth, and so confirms his
covenant, which he swore to your ancestors, as it is today” (Deuteronomy 8:18
(NIV), 2024). Meaning If you have a financial need in your life, begin to ask
God to show you ways that you can produce wealth. God will show you a way that
you can use things you’re good at to make money. Then be open and willing to
act on what God is showing you.
References
Andersen, M., & Andersen, M. (2023, December 29). How does companies use
capital structure | LiveWell. Livewell. https://livewell.com/finance/how-does-companies-use-capital-structure/Links to an external site.
Deuteronomy 8:18 (NIV).
(2024). Bible Gateway. https://www.biblegateway.com/passage/?search=Deuteronomy%208%3A18&version=NIVLinks to an external site.
Lutkevich, B. (2023, January 4). cost management. What Is. https://www.techtarget.com/whatis/definition/cost-managementLinks to an external site.
Tang, H., & Chen, A.
(2020). How do market power and industry competition influence the effect of
corporate governance on earnings management? the Quarterly Review of Economics
and Finance, 78, 212–225. https://doi.org/10.1016/j.qref.2020.02.001Links to an external site.
Team, C. (2023, November
22). Macro environment. Corporate Finance Institute. https://corporatefinanceinstitute.com/resources/economics/macro-environment/Links to an external site.
post #2
Good Evening Class, 
The factors expected to impact
the company’s financial position in the coming years vary and depend
on various external situations to which any organization is
exposed. I found this discussion thread very interesting since we learned to
identify key points that could determine any business’s future
success or failure. It is necessary to identify the factors that will
benefit the organization or company to which we belong and avoid those factors
or methods that, if done or practiced, would affect the company we may
represent. One of the factors that stand out from the rest is adaptation to
constant changes “Organizations succeed over time only when
they adapt to the speed and character of external change. Every
aspect of an organization — from how it operates and is structured to
how it is led must match the current yet ever-shifting context in
which it exists” (Charan, 2023). In a world and a market in which
changes, improvements and upgrades occur very frequently, it is
necessary to understand that the success of any organization could be
tied to how capable the organization is of improving, changing, and
innovating processes, products, or services that can be offered to
increasingly demanding consumers and with many more options available to choose
from. Not only is it vital to keep up to date with changes and opportunities to
innovate in such a competitive market, but it is also necessary to care for,
value, and protect the workforce and all members of an organization to be in a
positive financial position and financial situation in the years to come. The
workforce can be essential for goal achieving, organizational success, and
customer satisfaction “When teams include people who are on the
front lines, the information flow is both faster and more accurate; with this
increased speed comes greater flexibility to respond to customer and market
changes” (Charan, 2023). A very famous phrase used in a topic or
subject called the origin of species states that “it’s not the
strongest or most intelligent of the species that survives but the
one that’s most adaptable to change. The idea is just as relevant as
it ever was. We are a species whose habitat is now ruled by
technology, and it is changing rapidly” (Gonda, 2018). In
the Bible, there is the following Bible verse that advises the constant
transformation of our minds to be able to follow God’s will: “Do not
conform to the pattern of this world but be transformed by the renewing of your
mind. Then you will be able to test and approve
what God’s will is his good, pleasing, and perfect
will” (New International Version, 1978/2011, Romans 12:2).
References:
Charan, R. (2023, March 30). What
defines a successful organization? Harvard Business
Review. https://hbr.org/2022/09/what-defines-a-successful-organization
Gonda, R. (2018, May 24). Adaptability is key
to survival in the age of digital Darwinism. Forbes. https://www.forbes.com/sites/forbestechcouncil/2018/05/24/adaptability-is-key-to-survival-in-the-age-of-digital-darwinism/
New International Bible (2011). The NIV Bible.
https://www.thenivbible.com (Original work published 1978)

Project 1- Regression Analysis 1. Develop scattergraphs, simple regression output tables, and multiple output table. 2. Develop cost estimation based on your regression analysis. 3. Analyze results and recommend the best approach for the cost estimation.   

Instructions
Write a research paper on the following. The assignment has two requirements:
1.) Select a publicly-traded company that is traded on U.S. exchange. Locate the annual report for at least the last three fiscal years.
Analyze the financial statements for the company and review for large movements in specific accounts from one year to the next. In addition, review the notes to the financial statements as these are an integral part of the financial reporting package. Evaluate the balance sheet to determine if there are large changes in the company’s assets, liabilities, or equity accounts. In addition, analyze the income statement and statement of cash flows.
2.) At a minimum, calculate the following ratios for two years, the debt-to-equity ratio, current ratio, quick ratio, return on equity, and net profit margin. For each ratio, explain what the ratio tells you about the company. For this assignment you may NOT use the following companies: Microsoft, Amazon, Walmart, Tesla, Disney, NVIDIA or Apple. Submission of a paper using any of these companies will be an automatic zero. Please choose a publicly traded company OTHER than these, and utilize the three most recent years of data for your paper. The research paper must have a minimum of 2-3 pages (excluding the title and reference page) and be formatted in APA 7th edition
Note that your attached paper will automatically be submitted to Turnitin, and an Originality Report should be sent back to the classroom within around 15 minutes. The Originality report does not actually recommend changes. It does point out where you may need to add a citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it will assist you in improving quality and content, as well as avoid plagiarism. Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your references are cited. A report with a similarity index less than 25% is acceptable for undergraduate-level work.
Your paper will be evaluated according to the Writing Assignment Grading shown below. To maximize your grade, be sure to use the proper organization (intro, body, conclusion) and follow APA style. Your paper should have a title page and reference page, but you do not need an abstract for this assignment.
GradeHomework 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.
Solutions are calculated with no errors or insignificant errors.
80-89%
Assigned exercises/problems are completed in full or are significantly complete.
Work demonstrates effective application of most concepts/principles covered in the chapter.
Work thoroughly explains most answers and calculations.
Solutions are calculated with insignificant errors.
70-79%
Assigned exercises/problems are mostly complete.
Work demonstrates effective application of some concepts/principles covered in the chapter.
Work explains some answers and calculations.
Solutions are calculated with significant errors.
60-69%
Assigned exercises/problems are fairly complete.
Work demonstrates effective application of a few concepts/principles covered in the chapter.
Work explains a few answers and calculations.
Solutions are calculated with significant errors.
0-59%
Assigned exercises/problems are less than 50% complete.
Work does not demonstrate effective application of the concepts covered in the chapter.
Work submitted does not thoroughly explain answers and calculations.
Solutions are not calculated or are calculated with significant errors.

will be graduating as a colleague in professional management. Welcome to the small group of the population with a graduate degree; only 13.1% of the U.S. population over the age of 25 hold a master’s or professional degree.
Number of People with Master’s Degrees and Doctoral Degrees Doubles since 2000.Links to an external site.
Post a Response
I do hope that we have fulfilled the promise that this course would be talking about what is right out of the business news.
Reflect on the following:
What did you learn?
How did/will you apply it?
Where did you struggle?
How did you grow?

Hide Assignment Information
Instructions
Milestone Writing Assignment: Principles of Accounting II SEC 10-K Project
Objective: This milestone writing assignment aims to assess your progress and provide feedback on your SEC-10K project. By completing this milestone, you should have written sections on the statement of shareholders’ equity, income statement, and balance sheet for your selected publicly traded company.
Instructions:
Statement of Shareholders’ Equity:
Provide a detailed analysis of your selected company’s statement of shareholders’ equity.
Include explanations of any changes in equity accounts, such as common stock, retained earnings, and additional paid-in capital.
Analyze any dividends paid or stock repurchases during the reporting period and their impact on shareholders’ equity.
Discuss any significant events or transactions affecting shareholders’ equity, such as stock issuances, mergers, or acquisitions.
Income Statement:
Analyze a comprehensive income statement for your chosen company.
Present revenue, expenses, gains, and losses for the reporting period.
Analyze the company’s profitability by calculating key ratios such as gross profit margin, operating profit margin, and net profit margin.
Discuss any unusual or non-recurring items that may impact the comparability of financial performance.
Balance Sheet:
Analyze a balance sheet reflecting the financial position of your selected company.
Include current assets, non-current assets, current liabilities, and non-current liabilities.
Analyze liquidity, solvency, and financial leverage ratios derived from the balance sheet.
Identify any significant changes in asset or liability accounts and discuss their implications for the company’s financial health.
Submission Guidelines:
Format your submission according to APA guidelines.
Use clear and concise language, avoiding jargon or technical terms without explanation.
Provide supporting evidence and references where necessary.
Ensure proper citation of sources if any external information is utilized.
Submit your milestone assignment in Word format.
Evaluation Criteria: Your milestone assignment will be evaluated based on the following criteria:
Accuracy and completeness of analysis for the financial statements.
Clarity and coherence of analysis are provided for each section.
Depth of understanding demonstrated in the interpretation of financial data.
Application of accounting principles and concepts relevant to the SEC-10K project.
Adherence to submission guidelines and formatting standards.
Link for my company – Kohl’s
https://www.sec.gov/ix?doc=/Archives/edgar/data/885639/000095017024034691/kss-20240203.htm

What is the impact on 2020 and 2021 net income and the impact on net income over the two accounting periods. Is part A2 to A4 and B2 and B3.