4 papers as discussed you

4 papers as discussed you

4 papers as discussed you

Assignment Overview

The main purpose of this Module is to review the balance sheet in more detail.

Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. Additionally, clearly

· Distinguish between an expense (expired cost) and an asset.

· Distinguish between current and long-term assets.

· Distinguish between current and long-term liabilities.

· Review Apple’s balance sheet and provide two examples of each of the above categories.

· Discuss retained earnings and how income or loss and dividends affect this account. Review Apple’s retained earnings account and explain how it changes between the two past years.

· Comment on at least three differences between Apple’s and Samsung’s balance sheets.

· Does Apple or Samsung have more debt?

· Which of the two companies is the bigger one? Explain your reasoning.

Assignment Expectations

The submission should be 3- to 5-pages and need to include answers to all the questions listed above. Show computations, discuss the results, and include references in APA format.

When your paper is done, submit it.

Module 3 - SLP

Balance Sheet

We're continuing to analyze the same company as in Modules 1 and 2.

Additional information added in Module 2

· One client indicated that they were interested in purchasing $42,500 worth of products. However, the client has not actually committed to the purchase.

· The bookkeeper already corrected the sales account. However, the bookkeeper may have made a mistake when computing cost of goods sold. She included total production costs for 2014 and did not adjust ending inventory for the $42,500 worth of units left at the end of the year. The amount of ending inventory was determined using a physical count.

Additional information for Module 3

· The company made a secondary offering of stock and raised an additional $180,000 which includes $150,000 of Paid-in Capital.

· The company had already paid $15,000 in dividends before deciding on the offering.

· The company now has cash to invest in a piece of raw land on which to build in the future. The investment takes place before year end. The cost of the land is $400,000, the down payment is $40,000 and a note to the bank covers the rest.

Nybrostrand Company
31-Dec-14
Trial Balance (accounts in alphabetical order)
	Debit	Credit
Accounts payable		$ 78,000
Accounts receivable	$ 36,500
Cash	30,000
Common stock		10,000
Depreciation expense	24,350
Cost of goods sold	307,000
Equipment (net of depreciation)	415,000
Insurance	1,400
Inventory	34,000
Long-term debt		127,000
Marketing	4,500
Paid-in capital		50,000
Property taxes	16,900
Rent	28,000
Retained earnings		?
Revenues		586,000
Salaries	78,500
Utilities	6,700
Total	982,850	982,850

SLP Assignment Expectations

Prepare a balance sheet for the company in good format. Update the balance sheet for the changes to income in Module 2 and also consider the effect of paying the dividend. You do not need to include the income statement.

The submission should be 2- to 4-pages and need to include answers to all the questions listed above. Show computations, discuss the results, and include references in APA format.

When your paper is done, submit it.

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Module 4 - Case

Statement of Cash Flows

Assignment Overview

The main purpose of this module is to review the statement of cash flows in more detail.

Is there a difference between direct and indirect methods to make a statement of cash flows? Discuss and note two or three specific differences. Additionally, clearly

· Distinguish between cash flows from operating activities and cash flows from investing activities.

· Compare the statement of cash flows with income statement, using terms of net income and cash at end of the year.

· Which of the two financial statements (income statement and statements of cash flows) is the better one? Explain your reasoning.

· Comment on the differences between Apple’s and Samsung’s statement of cash flows.

Assignment Expectations

The submission should be 3- to 5-pages and need to include answers to all the questions listed above. Show formula for computations, compare two financial statements, discuss the results, and include references in APA format.

When your paper is done, submit it.

Module 4 - SLP

Statement of Cash Flows

We're continuing to analyze the same company as in Modules 1, 2, and 3.

Based on additional information added in Modules 2 and 3, please use the information below to make a statement of cash flows.

· The beginning cash balance is $30,000.

· Use the Net Income from Module 2.

· Use depreciation expense of Module 1.

· During the year 14, Inventory increases by $42,500.

· During the year 14, Land increases by $400,000.

· During the year 14, Long-Term Debts increase by $360,000.

· During the year 14, the company made a secondary offering of stock and raised an additional $180,000, which includes $150,000 of Paid-in Capital.

· During the year 14, the company had paid $15,000 in dividends.

Using the Indirect Method, prepare a statement of cash flows for the company in good format and compare two financial statements between the income statement and statement of cash flows. You do not need to include the income statement or balance sheet.

This is a Signature Assignment Expectation for ACC201 Module 4 SLP

There are 2 specific learning outcomes: 1) apply business theories, models, and concepts to guide analysis of problems and situations and 2) utilize data driven analysis in making business decisions.

In this SLP assignment for Module 4, our emphasis will be on understanding the statement of cash flows. You will be summarizing all of what you learned the in the Cases, SLPs and Discussions.

The grading rubric below has been developed to measure student success in meeting the ACC201 Module 4 SLP expectations related to applying your knowledge of the statement of cash flows and income statement on making business decisions.

	Assignment Expectation	Weak	Marginal	Adequate	Strong
Organization	Demonstrates the ability to create content logically, concisely, and in an appropriate manner to understanding of the statement of cash flows.	There is no logical sequence of information. Wording is rambling and unfocused.	Paper does not follow a logical sequence.	Paper follows a logical sequence. There are some minor problems with sub-classification and/or results are not clear.	Paper follows a logical sequence with a correct computation and results. Each activity relates to others in a carefully organized framework.
Demonstrates the ability to support a central point or viewpoint throughout the paper.	Insufficient elaboration and/or support (e.g., computation, each activity) in the paper.	Limited elaboration and/or support in the paper.	Support with some specific details and elaboration in the paper.	Support through both specific details and elaboration apparent in the paper.
Content	Demonstrates the ability to calculate cash flows from each activity and compare cash flows with net income.	The purpose is not identified, is unclear, or inappropriate in the paper.	Purpose is occasionally unclear in the paper.	Clear purpose, but not consistently sustained throughout the paper.	Clear purpose sustained throughout the paper.
Demonstrates the ability to gather and sort accounting information and data on a particular activity.	Does not have a grasp of information and appropriate data. Topic is poorly created. Supporting explanations are absent or vague. Trite ideas and/or unclear wording reflect a lack of understanding of topic.	Seems uncomfortable with information and data. Topic is evident but with little or no elaboration.	Seems comfortable with the accounting information and data. Topic is evident with some supporting details.	Demonstrates full knowledge of the topic with explanation and elaboration. The topic is well developed, effectively supported, and appropriate for the assignment. Critical thinking is clearly and creatively expressed. Data choices are well thought out.
Delivery	Demonstrates the ability to use appropriate word choice and grammar in the paper.	There are many sentences with grammatical errors. Some sentences are incomplete/halting, and/or vocabulary is somewhat limited or inappropriate.	There are a few sentences that are complete and grammatical. Word choice is not always appropriate for presentation.	Sentences are generally complete and grammatical, and they flow together easily. With a few exceptions, words are chosen for their precise meaning.	All sentences are complete and grammatical, and they flow together easily. Words are chosen for their precise meaning. Word choice illustrates grasp of content and enhances explanation.
Demonstrates the ability to make an effective explanation outline that is free from bias.	Words chosen for an explanation are inappropriate and exhibits bias. Some readers may be confused.	Words chosen for the paper are free from bias with one or two minor exceptions.	Words have no apparent bias. There is some inappropriate explanation.	Words and explanation are completely free from bias.

SLP Assignment Expectations

· Create a statement of cash flows and compare cash flows with net income.

· Write 2- to 4-pages, showing computations and discussing the results.

· List supporting references and cite sources.

· Use appropriate writing style (organization, grammar, & spelling - see Writing Guidelines).