Category: Accounting

Summarize chapter 7 https://openstax.org/books/principles-financial-accounting/pages/7-why-it-matters

This assignment is an INDIVIDUAL assignment and due by the final day of the Module.  Submissions should be uploaded to the dropbox in the course. Research assignments should be in proper format of a Client Letter AND Work Paper Memo.  Citations needed should only be IRS PRIMARY SOURCES.  Submissions that reference non primary sources cannot earn a passing score.
Hector Latrell is a client of yours who has recently come into your office to discuss tax planning for the current year.  During informal conversation you learn that Hector has recently used his AAAdvantage miles to purchase a free round trip ticket to London to see a Paul McCartney concert.  Hector tells you that the points accumulated to acquire this free ticket came from his business travel.  After learning this, you learn that Hector was reimbursed for all travel and not taxed on the travel reimbursement.  
As a CPA engaged to assist Hector in tax planning, you are obligated to advise Hector on any tax issues that may result from this free ticket to London.
Required:
1. Utilize and official tax research database to determine if any income is taxable will have to be recognized by Hector as a result of the ticket transaction.
2. Communicate your findings in a client letter to Hector, as well as a memo for the work paper file.    

Hello I am looking for a tutor to complete my assignments for the summer of 2024. My class is accounting business.

************ONLY MILESTONE FOR WEEK 5 *************
All intructions will be uploaded as PDF file in the upload section. 
I will also upload book of the class for reference. 
I will also attach my Milestone from week 3 

Instructions will be uploaded later.
Important Info
The order was placed through a short procedure (customer skipped some order details).
Please clarify some paper details before starting to work on the order.
Type of paper and subject
Number of sources and formatting style
Type of service (writing, rewriting, etc)

Items to Address
1. How has the economics of HMM’s business model changed from HMM11 to HMM12? Why
should that influence how revenues are recognized? Use and cite credible sources to explain.
2. Consider the example on page 4 of the case, the last paragraph under the Section “Revenue
Recognition for HMM”. This shows how you would account for the initial contract date and then
the first quarter of that contract. How would you account for each quarter of a contract for
HMM11 products? How would you account for each quarter of a contract for HMM12 products?
Include what accounts these different situations affect, the type of account they are (ex. Asset),
on what financial statements each of those accounts belong, and what impact it has to the
bottom line of those financial statements. Show the impact on the accounting equation for both
scenarios. Is there a point where the accounting impact is the same in both cases? If so, when
and why?
3. How and why does the revenue recognition create a liability on HBP’s financial statements?
4. What concerns or perceptions might the employees and shareholder have as a result of the
financial statement effects of the change in revenue recognition for HMM12?
5. Given the changes in strategy and accounting, how should the company reward its sales force
for selling the new version of the product? How would you recommend they account for the
pay?
6. In addition to the above revenue recognition issues about HBP, I have another company I need
to know when to recognize revenue, liabilities, cash, etc. Present this as clearly as you did for
HBP for each month during 2023.
a. Andy’s Lawn Service
i. In January 2023, Andy mowed five lawns and billed the customers $50 each with
a February 2023 payment due date. He also received three contracts in January
2023 from businesses wanting him to mow from January to December of that
same year. Each company paid the total annual payment of 1,200 in January
2023.
Your audience
The report should be written to an executive who does not understand the details of revenue recognition and the differences between these products and the other company for which he is responsible. So, you will have to provide explanations as presented above.

Please follow exactly what is said to do in the document attached. Also use the chart that is in the document attached for the chart section of the assignment. Please don’t go over 4 pages including the chart page. Also needs to be a DOCX file.

Hello,
This is the second part of an assignment. The word document for the first part of this assignment is attached below labeled ACC501-SLP 1. I provided you with the paper from SLP 1 as the background information is needed to complete this second part. Please reach out to me if there are ANY questions. I can also supply you with the prior assignment expectations (SLP 1) if you think that will be of assistance to you and can be used to best complete this assignment.
The particulars of this assignment’s expectations can be found in the attachment “SLP 2 Assignment Expectations”. The word document is not to exceed more than 2 pages for the new additions.

When deciding where to invest your money, there are different ratios you can use to find the right companies to back. One of them is earnings per share (EPS), which is one way to measure a company’s profitability.
Earnings per share is a profitability indicator, and it is just one of several ratios that can gauge a company’s financial health.
REQUIRED: (20 marks)
Discuss why EPS calculations are essential and what would constitute a good EPS.
Please make use of the Woolworths Holdings 2023 Financial Statements, provided as one of the compulsory sources, and evaluate their different EPS calculations and the reason for each of the calculations, including the adjustments made and why they made the adjustments to the figures.
Please see PDF for detailed instructions, word count and compulsory resources.

question 1: Sasha Systems question 3: Compute cash flows from operating activities using the indirect method. question 4: Compute cash flows from operating activities using the direct method.