trident acc201 all modules caese and slp latest 2016 feb

FINANCIAL STATEMENTS

Assignment Overview

There are three main parts to this case that requires you to prepare and submit a three to five page paper. Please make sure this paper is well organized and covers all of the items below.

Part I

Search the course background information, the Internet and/or the Cyber Library. Discuss the terms listed below. Your discussion should expand on the definition as given in the module background. Explain why these concepts are important to financial statements.

• Generally Accepted Accounting Principles (US GAAP);
• International Accounting Standards (IFRS);
• Securities and Exchange Commission (SEC);
• Annual report; and
• 10-K, 10-Q, and 8-K

Part II

Explain the basic formats of financial statements such as income statement, balance sheet, statement of cash flows, and statement for retained earnings.

Part III

1. Everything in Accounting typically falls into one of three categories, as illustrated by the Accounting Equation. State the Accounting Equation: Assets = _______________ + _______________
2. You will note that the Accounting Equation comprises 3 "categories," each of which can be broken down further into accounts. For each of the three main categories of the Accounting Equation, list 5 or more accounts with actual amounts that would typically be classified into each. For instance, Land & Equipment would typically be categorized as Assets.
3. To simplify your answers, complete the assignment using a basic table or diagram.

Assignment Expectations

The submission should be 3 to 6 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, send it in.

FINANCIAL STATEMENTS

Below find the trial balance for Nybrostrand Company. Prepare an income statement and balance sheet in good format based on Formats of Financial Statements(Presentations). After you have completed the two statements comment on the success of the company. Support your answer with information from the financial statements you just prepared.

SLP Assignment Expectations

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, send it in.

INCOME STATEMENT

Assignment Overview

There are two main parts to this Case that requires you to prepare and submit a 3- to 5-page paper. Please make sure this paper is well organized and covers all of the items below.

Part I

• Why is revenue recognition a significant issue? How do we determine when revenues are recorded for accounting purposes?
• Explain the difference between a product and period expense.
• Discuss the matching concept as it relates to accounting for revenues and inventory.

Part II

• Refer to the latest annual financial statements for the two following companies: Apple:http://investor.apple.com/and Samsung: http://www.samsung.com/us/aboutsamsung/ir/newsMain.do. Generally, this information is found in the Investor Relations area of the website.

Clearly identify the companies, the time period, and include the link to the financial statements you are analyzing in your report.

• What accounting conventions do the two companies follow, US GAAP or IFRS?
• Locate the income statement for the past two years for both companies. Prepare a table comparing five items or more from each statement.
• Comment on the changes from one year to another. Is the company doing better or worse? Did revenues and expenses increase or decrease?

Is it easy to discern trends or compare the information from year to year and between the two companies? Please, comments on both aspects and show some examples.

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, send it in.

INCOME STATEMENT

We are using the same company as in the first module. However, you need to consider some additional information.

• One client had indicated that they were interested in purchasing $42,500 worth of products, so the bookkeeper recorded the transaction. 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.

SLP Assignment Expectations

Prepare an income statement for the company in good format. Always include the name of the company and the period covered in the title. Don't forget dollar signs where appropriate. You do not need to include the balance sheet. Consequently, you will not need all the accounts listed above. How does the income or loss compare to the original income statement? Explain the importance of the matching concept.

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, send it

BALANCE SHEET

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. In addition, 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, send it in.

BALANCE SHEET

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

Additional information added in module 2

• One client had 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.

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, send it in.

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.

SLP Assignment Expectations

• Create a statement of cash flows and compare cash flows with net income.
• Write 2-4 pages, showing computations and discussing the results.
• List supporting references and cite sources.
• Use appropriate writing style (organization, grammar, & spelling - see Writing Guidelines).

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.

SLP Assignment Expectations

• Create a statement of cash flows and compare cash flows with net income.
• Write 2-4 pages, showing computations and discussing the results.
• List supporting references and cite sources.
• Use appropriate writ