Jihoobae posted a question
The Chief Financial Officer (CFO) for XYZ Construction Inc. has been promoted to the newly created position of Vice President of Overseas Operations. The CFO’s absence leaves a void in the knowledge base of the owners’ group regarding several key financial and accounting principles. The owners need you to create a document for them that will help explain several key concepts and principles associated with financial management, accounting, internal control, cash management, and Sarbanes-Oxley regulations.

For this third assignment, your requirement is to create a response in the form of a memo for business finance and accounting. The only required references for this assignment are the chapters included within the e-book, which contain all the information you need to complete this assignment. You may re-create the examples from the textbooks using your own generic data.

Your instructor will assign you a group of terms; for each term, you need to provide a definition and a relevant business example for the items in your group. Contact your course Mentor via the Compass Messaging System to obtain your Group assignment.

Group #1:
1. Balance Sheet
2. Income Statement
3. Operating Cash Flows
4. Statement of Retained Earnings
5. Net Working Capital

Group #2:
1. Economic Value Added
2. Fixed Assets Turnover Ratio
3. Net Profit Margin
4. Sales Forecast
5. Breakeven Analysis

Group #3:
1. Financial Leverage
2. Double-Entry Accounting System
3. Ledger
4. Liabilities
5. T Account

Group #4:
1. Balance of the Account
2. Sarbanes-Oxley Act of 2002
3. Cash Equivalents
4. Petty Cash Fund
5. Voucher