Final Project
12 Pages

Final Project

Course: ACCOUNTING ACC 206, Spring 2011

School: Ashford University

Word Count: 2641

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Cash vs. Accrual by Narinder Schoeling Cash vs. Accrual: Is there a difference in recognizing transactions Narinder Schoeling Ashford University Online Campus ACC 206 Principles of Accounting II Professor Emily King's May 15, 2009 1 Cash vs. Accrual by Narinder Schoeling 2 Abstract In this paper, I will reflect on Accounting concepts and principles that accountants have used to guide their work within the...

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Cash vs. Accrual by Narinder Schoeling 1 Cash vs. Accrual: Is there a difference in recognizing transactions Narinder Schoeling Ashford University Online Campus ACC 206 Principles of Accounting II Professor Emily King's May 15, 2009 Cash vs. Accrual by Narinder Schoeling 2 Abstract In this paper, I will reflect on Accounting concepts and principles that accountants have used to guide their work within the company. I learned a lot from this course and I will use that to help write this paper. In the following paper I will discuss my ideas on how the functions of accrual accounting verses cash basis account work within a company and witch increase the effectiveness and contribution to the organization of the businesses books and cash flow to reach the final objective. I will also discuss the impact of the accounting period has on a business. This will be done through identifying the functions the revenue principle and the matching principle.

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Ashford University - MARKETING - MGT 350
Week One ProblemsNarinder SchoelingAshford University Online CampusBUS 308Statistics for ManagersProfessor Jake GrandyNovember 15, 2009Week One ProblemsA.Chapter 1: 1.3, 1.17Classify each of the following qualitative variables as ordinal or nomi
Ashford University - MARKETING - MGT 350
Week Two ProblemsNarinder SchoelingAshford University Online CampusBUS 308Statistics for ManagersProfessor Jake GrandyNovember 23, 2009Week Two ProblemsA . Chapter 4: 4.4.Suppose that a couple will have three children.Letting B denote a Boy and
Ashford University - MARKETING - MGT 350
Week Three ProblemsNarinder SchoelingAshford University Online CampusBUS 308Statistics for ManagersProfessor Jake GrandyNovember 30, 2009Week Three ProblemsA . Chapter 7:1. 7.10 Suppose that the percentage returns for a given year for all stocks
Ashford University - MARKETING - MGT 350
Week Four ProblemsNarinder SchoelingAshford University Online CampusBUS 308Statistics for ManagersProfessor Jake GrandyNovember 7, 2009Week Four ProblemsA. Chapter 91. 9.8Letting represent the mean composite satifacation rating for the XYZ a.b
Ashford University - ACCOUNTING - ACC 205
Cash vs. Accrual by Narinder SchoelingCash vs. Accrual: Is there a difference in recognizing transactionsNarinder SchoelingAshford University Online CampusACC 205Principles of Accounting IProfessor Stephen RussellApril 12, 20091Cash vs. Accrual b
Ashford University - ACCOUNTING - ACC 205
P1-42 p44 #1Panel B-Analysis of Transactions Of Carl Redmon dAssetsDate2-Dec1Bal.2Bal.2Bal.3Bal.3Bal.4Bal.4Bal.5Bal.3-DecCashAccount Receivable$10,000.00$10,000.00-$500.00$9,500.00-$2,000.00$7,500.00Supplies4-Dec$7,500.005
Ashford University - ACCOUNTING - ACC 205
1. The balance sheet format that Amazon.com used is the consolidated balancesheets in report form (p.209, A-5).2. The companys largest current asset is Cash and cash equivalents at theamount of $1,013 million, and the total current asset is $2,929 mill
Ashford University - ACCOUNTING - ACC 205
Week Three Decision CaseComplete Decision Case 1 on page 344 and submit to your instructor.1. The type of inventory system that I would use is the perpetual inventory systembecause it keeps a running record of inventory and cost of goods sold. This sys
Ashford University - ACCOUNTING - ACC 205
Week Four Decision CaseComplete Decision Case 2 on page 344 and submit to your instructor.Campbell ApplianceIncome StatementYear Ended December 31, 2008SalesCost of goods soldGross ProfitOperating expensesNet incomeAssetsCashInventoriesLand a
Ashford University - ACCOUNTING - ACC 205
Financial Statement Case Page 5471. There are three depreciation methods.A. Which depreciation method does Amazon.com use for reporting in thefinancial statement?According to the notes on page A-6 depreciation is recorded on a straight line basesover
Ashford University - ACCOUNTING - ACC 205
P1-42 p44 #1Panel B-Analysis of Transactions Of Carl Redmon dAssetsDate2-Dec1Bal.2Bal.2Bal.3Bal.3Bal.4Bal.4Bal.5Bal.3-DecCashAccount Receivable$10,000.00$10,000.00-$500.00$9,500.00-$2,000.00$7,500.00Supplies4-Dec$7,500.005
Ashford University - ACCOUNTING - ACC 205
1. The balance sheet format that Amazon.com used is the consolidated balancesheets in report form (p.209, A-5).2. The companys largest current asset is Cash and cash equivalents at theamount of $1,013 million, and the total current asset is $2,929 mill
Ashford University - ACCOUNTING - ACC 205
Week Three Decision CaseComplete Decision Case 1 on page 344 and submit to your instructor.1. The type of inventory system that I would use is the perpetual inventory systembecause it keeps a running record of inventory and cost of goods sold. This sys
Ashford University - ACCOUNTING - ACC 205
Week Four Decision CaseComplete Decision Case 2 on page 344 and submit to your instructor.Campbell ApplianceIncome StatementYear Ended December 31, 2008SalesCost of goods soldGross ProfitOperating expensesNet incomeAssetsCashInventoriesLand a
Ashford University - ACCOUNTING - ACC 205
Financial Statement Case Page 5471. There are three depreciation methods.A. Which depreciation method does Amazon.com use for reporting in thefinancial statement?According to the notes on page A-6 depreciation is recorded on a straight line basesover
Ashford University - ACCOUNTING - ACC 206
Cash vs. Accrual by Narinder SchoelingCash vs. Accrual: Is there a difference in recognizing transactionsNarinder SchoelingAshford University Online CampusACC 206Principles of Accounting IIProfessor Emily King'sMay 15, 20091Cash vs. Accrual by Na
Ashford University - ACCOUNTING - ACC 206
Financial Statement Case (pg. 895)1Answer: The unusual part of this balance sheet is that there are accompanied notes to consolidated financialstatements. it explains a lot of the items so that others can easily understand where the money is coming fro
Ashford University - ACCOUNTING - ACC 206
Decision Case 1 (p 938)1Power SwitchInventory Reconstruction Schedule(Amounts in thousands)Direct Materials InventoryBeginning inventory$113,000+ Purchase and freight$476,000in= Direct materialsavailable for use- Ending inventory$589,000($1
Ashford University - ACCOUNTING - ACC 206
Decision Case 1 (Pg.1091)Annual fixed costs:Chef's and dishwasher's salaries$61,200Rent (premises, equipment) (4000 x 12)Cleaning (linen and premises) (800 x 12)Replacement of dishes, cutlery, glasses (300 x 12)Utilities, advertising, telephone (23
Ashford University - ACCOUNTING - ACC 206
Ethical Issue (pg. 1247)Answer:Management accounts have an obligation to maintain the highest standards of ethicalconduct. these standards are the first is competence which is to maintain professionalcompetence by ongoing development of knowledge and
Ashford University - ACCOUNTING - ACC 206
Cash vs. Accrual by Narinder SchoelingCash vs. Accrual: Is there a difference in recognizing transactionsNarinder SchoelingAshford University Online CampusACC 206Principles of Accounting IIProfessor Emily King'sMay 15, 20091Cash vs. Accrual by Na
Ashford University - ACCOUNTING - ACC 206
Financial Statement Case (pg. 895)1Answer: The unusual part of this balance sheet is that there are accompanied notes to consolidated financialstatements. it explains a lot of the items so that others can easily understand where the money is coming fro
Ashford University - ACCOUNTING - ACC 206
Decision Case 1 (p 938)1Power SwitchInventory Reconstruction Schedule(Amounts in thousands)Direct Materials InventoryBeginning inventory$113,000+ Purchase and freight$476,000in= Direct materialsavailable for use- Ending inventory$589,000($1
Ashford University - ACCOUNTING - ACC 206
Decision Case 1 (Pg.1091)Annual fixed costs:Chef's and dishwasher's salaries$61,200Rent (premises, equipment) (4000 x 12)Cleaning (linen and premises) (800 x 12)Replacement of dishes, cutlery, glasses (300 x 12)Utilities, advertising, telephone (23
Ashford University - ACCOUNTING - ACC 206
Ethical Issue (pg. 1247)Answer:Management accounts have an obligation to maintain the highest standards of ethicalconduct. these standards are the first is competence which is to maintain professionalcompetence by ongoing development of knowledge and
Ashford University - BUSINESS - BUS 311
Contracts By Narinder SchoelingContractsNarinder SchoelingAshford University Online CampusBUS 311Business Law IProfessor Tammi A. Clearfield, J.D., M.S.June 5, 2009ContractsBy Narinder Schoeling 2AbstractIn this paper, I will reflect on the ope
Ashford University - BUSINESS - BUS 311
Contract Law By Narinder Schoeling 1Contract LawNarinder SchoelingAshford University Online CampusBUS 311Business Law IProfessor Tammi A. Clearfield, J.D., M.S.May 31, 2009Contract Law By Narinder Schoeling 2I will use what I have learned in this
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Contracts Within Business By Narinder Schoeling 1Contracts, What Are They? How Do They Work?Narinder SchoelingAshford University Online CampusBUS 311Business Law IProfessor Tammi A. Clearfield, J.D., M.S.June 5, 2009Contracts Within Business By Na
Ashford University - BUSINESS - BUS 401
Youhavefinallysaved$10,000andarereadytomakeyourfirstinvestment.YouhavethethreefollowingalternativeACBSbondwithaparvalueof$1,000,aninterestrateof7.625percent,andamaturityof10AlabamaPowerCompanypreferredstockwitha$50parvalueandadividendof$2.8125perpersha
Ashford University - BUSINESS - BUS 401
MINI CASEDATAFlotation costs:BondP/S15%2.01Div for C/SDiv for P/Sgrowth2.501.506%BondCouponPar ValueYears8%1,000.0016tax rate34%Mrkt pricesBondsP/SC/S1,035.0019.0035.00A.% of MixBondsP/SC/S38%15%47%Bond's Cost of Capit
Ashford University - BUSINESS - BUS 401
PROBLEM 13-2FLOTATION COSTS AND ISSUE SIZEDATANeeds to raiseMrkt priceFlotation CostsNet Price=$10,000,000.00$120.00$15.00$95,238 This would not be a net price, but insteDollar size =$11,428,560.00How many shares=95,238t be a net price, but
Ashford University - BUSINESS - BUS 401
For the week 1 assignment, I specifically sent back to each of you in your dropbox your original fileswith my comments included in either red or yellow highlights. I just wanted to briefly discuss the onearea that seemed to be the greatest area of probl
Ashford University - BUSINESS - BUS 401
MINI CASED)DATACost of plant and equipmentShipping and installationTax rateRequired rate of returnSales Price per unit (yrs 1-4)Sales Price per unit (yr 5)Variable cost per unitAnnual fixed costDepreciation lifeYearSECTION BECOMES AN INPUT IN
Ashford University - BUSINESS - CGD 218
SC Johnson Company By Narinder SchoelingSC Johnson CompanyNarinder SchoelingAshford University Online CampusCGD 218Visual Identity in BusinessProfessor Robin ArgoJuly 26, 20091SC Johnson Company By Narinder Schoeling2SC Johnson CompanyIn the f
Ashford University - BUSINESS - CGD 218
SC Johnson Company By Narinder SchoelingSC Johnson CompanyNarinder SchoelingAshford University Online CampusCGD 218Visual Identity in BusinessProfessor Robin ArgoJuly 26, 20091SC Johnson Company By Narinder Schoeling2SC Johnson CompanyIn the f
Ashford University - BUSINESS - CGD 218
Ashford University - BUSINESS - CGD 218
Visual TechniquesNarinder SchoelingAshford University Online CampusCGD 218Visual Identity in BusinessProfessor Robin ArgoJuly 19, 2009V isual Techniques By Narinder Schoeling 2Visual TechniquesFirst let me tell you what a contemporary film is.an
Ashford University - BUSINESS - CGD 218
What is typography? Typography is the act of selecting and arranging type or using type in various graphicdesigns to obtain a practical effect. The typeface in which material is set based to sway someones decisionchoice to choose it.The idea to the fol
Ashford University - ECONOMICS - eco 203
Chapter 17, problem #1 (page 337) Adopting Technology By N.S.Chapter 17, problem #1 (page 337) Adopting TechnologyNarinder SchoelingAshford University - Online CampusECO - 203Principles of MacroeconomicsInstructor: Sam PalazzoloSeptember 28, 2009C
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Chapter 9, problem #8 (pages 177) Global Impacts B y N. S.Chapter 9, problem #8 (pages 177) Global ImpactsNarinder SchoelingAshford University - Online CampusECO - 203Principles of MacroeconomicsInstructor: Sam PalazzoloAugust 17, 2001Chapter 9,
Ashford University - ECONOMICS - eco 203
Chapter 13, problem #8 (page 258): Government Labor Policy by N.S.Chapter 13, problem #8 (page 258): Government Labor PolicyNarinder SchoelingAshford University - Online CampusECO - 203Principles of MacroeconomicsInstructor: Sam PalazzoloSeptember
Ashford University - ECONOMICS - eco 203
Chapter 1, problem #2 Housing Demand By N. S.Chapter 1, problem #2 (page 17) The Housing DemandNarinder SchoelingAshford University - Online CampusECO - 203Principles of MacroeconomicsInstructor: Sam PalazzoloSeptember 13, 20091Chapter 1, problem
Ashford University - ECONOMICS - eco 203
Demand Elasticity By N. SDemand Elasticity Chapter 5, problem #4 (page 104-105)Narinder SchoelingAshford University - Online CampusECO - 204Principles of MicroeconomicsInstructor: Chris NewcombOctober 12, 2009Demand Elasticity By N. S.Chapter 5,
Ashford University - ECONOMICS - eco 203
Discussion #1: MonopoliesCh.12, Problem #2Disagree. The breakup of a monopoly is not efficient because there is an up side forconsumers in society because it allows for free market competition but it can be bad forstockholders because their company ha
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Investment in Education By N.S.Investment in Education Chapter 18, problem #3 (pages 378).Narinder SchoelingAshford University - Online CampusECO - 204Principles of MicroeconomicsInstructor: Chris NewcombNovember 2, 2009Investment in Education by
Ashford University - ECONOMICS - eco 203
Final Paper 1Final Case PaperNarinder SchoelingAshford University - Online CampusPrinciples of MicroeconomicsECO - 204Instructor: Chris NewcombNovember 9, 2009Final Paper 2CasesIn this paper I will analysis and evaluation two cases studies in ch
Ashford University - MANAGEMENT - MGT 330
JonesGeorge: Essentialsof ContemporaryManagement, SecondEditionI. Management andManagersCHAPTER1Learning Objectives1. The ManagementProcess Today The McGrawHillCompanies, 2007The ManagementProcess TodayAfter studying this chapter, you shoul
Ashford University - MANAGEMENT - MGT 330
Ashford University - MANAGEMENT - MGT 330
JonesGeorge: Essentialsof ContemporaryManagement, SecondEditionII. The Environment ofManagementCHAPTER4Learning Objectives4. Managing in theEnvironment The McGrawHillCompanies, 2007Managing in theGlobal EnvironmentAfter studying this chapte
Ashford University - MANAGEMENT - MGT 330
Industry Analysis N. SchoelingIndustry AnalysisNarinder SchoelingAshford University Online CampusMGT 330Management for OrganizationInstructor: Toni SmithNovember 23, 20081Industry Analysis N. Schoeling2Industry Analysis of SC JohnsonIndustry A
University of Minnesota Duluth - INCOME TAX - 4404
1Marks: 1Which of the following are not published either by the government or by any of the privatepublishing services?Choose one answer.a. Private Letter Rulingsb. Tax Court Memorandum Decisionsc. Revenue Proceduresd. Determination LettersDeterm
University of Minnesota Duluth - INCOME TAX - 4404
The Sixteenth Amendment to the U.S. Constitution affects:Choose one answer.a. direct taxes.b. indirect taxes.c. both (a) and (b).d. Neither (a) nor (b).The Sixteenth Amendment to the Constitution affects direct taxes.IncorrectMarks for this submis
University of Minnesota Duluth - INCOME TAX - 4404
Marks: 1If the taxpayer disagrees with an examiner's findings, the taxpayer must first make anappeal to the IRS before going to the courts.Answer:True FalseSee flowchart in Exhibit 9 in the book text. Taxpayer may go to Tax Court.* This question has
University of Minnesota Duluth - INCOME TAX - 4404
Marks: 1Revenue legislation begins in the Senate.Answer:TrueFalseIt begins in the House of Representatives.CorrectMarks for this submission: 1/1.Question2Marks: 1Most state and local property taxes use a single tax rate, making them a type of ad
University of Minnesota Duluth - INCOME TAX - 4404
enGrade17 mins 35 secs8 out of a maximum of 10 (80%)Question1Marks: 1Most state and local property taxes use a single tax rate, making them a type of ad valorem tax.Answer:TrueFalseThis would not be an example of an ad valorem tax but a proporti
University of Minnesota Duluth - INCOME TAX - 4404
Chapter 1 Quiz Due Aug 30Review of attempt 1Started onMonday, August 29, 2011, 08:48 PMCompleted onTuesday, August 30, 2011, 12:05 PMTime takenGrade15 hours 17 mins8 out of a maximum of 10 (80%)Question1Marks: 1The doctrine of separation of po
University of Minnesota Duluth - INCOME TAX - 4404
The period of time for which support is furnished, not the total cost of support, is thedeciding factor in determining if over 50 percent of total support is provided.Answer:TrueFalseSupport is determined by the amount of money spent.IncorrectMarks
University of Minnesota Duluth - INCOME TAX - 4404
Marks: 1Which of the following individuals would most likely not qualify as a dependent?Choose one answer.a. Foster childb. Stepfatherc. Housekeeper employed by taxpayerd. Ex-wife's mothere. All of the above could qualifyNot allowed to claim the p
University of Minnesota Duluth - INCOME TAX - 4404
Income Tax I-Chapter 1 QuestionsName _Christian Yimgnia_Answer and/or discuss the following based on reading the text and viewing the powerpoints. Each question is worth 5 points. Be thorough and complete with your answers.1. Discuss economic factors
University of Minnesota Duluth - INCOME TAX - 4404
Income Tax IName _Christian Yimgnia_Chapter 2 QuestionsExplain and/or discuss the following based on reading the chapter and viewing the powerpoints. Be thorough with your answers. You may take all the space you need.1. Describe the statutory authori
University of Minnesota Duluth - INCOME TAX - 4404
Income Tax IName _Christian Yimgnia_Chapter 3 QuestionsExplain and/or discuss the following based on reading the chapter and viewing the powerpoints. Be thorough with your answers. You may take all the space you need.1. Components of tax formulaThe