Assignment Description: Use the transactions below to prepare an accounting equation and Income statement. See the example below of a journal entry. Also, remember to use the excel file and watch the video attached to this module to assist you with the assignment....
Discussion Question: Jay Simons is opening his own business, and he is trying to decide whether to use accrual or cash basis accounting. Jay does not have a good understanding of how to read financial statements. Is it a good idea or not for Jay to use the accrual...
To ensure financials are reported accurately, the CFO will review the account reconciliation reports from the balance sheet. The CFO reviewed the bank reconciliation and noticed a fictitious amount of $400 was recorded. The original journal entry was $400 credit to...
Assignment Description: The key to understanding how to create financial statements is to know which statement each account (bank, accounts payable, utility expense, etc.) will appear on. See the video in Additional Resources for more detailed instructions. Use the...
When investors review a company’s financials, they look at three years of history. Since the income statement shows profits and losses and the balance sheet shows assets and liabilities, which statement does an investor focus on? Explain your answer.
In this assignment, your group will conduct a comprehensive financial analysis of installing a solar energy system for a manufacturing plant. Your goal is to review and apply key concepts of engineering economics, including Net Present Value (NPV), Present Value (PV),...
