Categories
Business and Management : Accounting

answer each question individually 1.    A description of what the organization

answer each question individually
1.    A description of what the organization does, when it was founded, where it is headquartered, and what it sees as its mission
2.    Does it have competitors? If so, what would be major ones?
3.    Links to
a.    The latest Form 990
b.    Its audited financial statements, if those are available
c.    If it is rated by Charity Navigator or the BBB Wise Giving Alliance, links to those ratings
d.    One or two recent news articles about its activities (can be video)
e.    Its website
f.    Anything fun you want to add, like videos of its accomplishments
4.    A financial summary as of the last year it filed a Form 990, including:
a.    Total assets, liabilities, and net assets. For net assets, how much is  restricted?
b.    Major sources of revenues, in dollars and percentages
c.    Major expenses, by function (program, fundraising, management and general)
d.    Major expenses, by natural category (grants? Salaries? Occupancy?)
5.    Some basic ratios
a.    Program expenses/total expenses
b.    Contribution revenue/total revenue
c.    Fundraising expenses/total expenses
d.    Net assets/total expenses
e.    Current assets/Current liabilities
f.    Total liabilities/net assets
6.    Some opinions
a.    Does the organization seem in danger of bankruptcy?
b.    Do you think they are a “good” nonprofit organization, that you would feel comfortable donating to, assuming you liked their mission? Explain why, or why not –this might involve spending ratios, or non-financial factors such as its management or the quality of its work. It might also involve the existence of competitors you like more.

Categories
Business and Management : Accounting

answer each question individually 1.    A description of what the organization

answer each question individually
1.    A description of what the organization does, when it was founded, where it is headquartered, and what it sees as its mission
2.    Does it have competitors? If so, what would be major ones?
3.    Links to
a.    The latest Form 990
b.    Its audited financial statements, if those are available
c.    If it is rated by Charity Navigator or the BBB Wise Giving Alliance, links to those ratings
d.    One or two recent news articles about its activities (can be video)
e.    Its website
f.    Anything fun you want to add, like videos of its accomplishments
4.    A financial summary as of the last year it filed a Form 990, including:
a.    Total assets, liabilities, and net assets. For net assets, how much is  restricted?
b.    Major sources of revenues, in dollars and percentages
c.    Major expenses, by function (program, fundraising, management and general)
d.    Major expenses, by natural category (grants? Salaries? Occupancy?)
5.    Some basic ratios
a.    Program expenses/total expenses
b.    Contribution revenue/total revenue
c.    Fundraising expenses/total expenses
d.    Net assets/total expenses
e.    Current assets/Current liabilities
f.    Total liabilities/net assets
6.    Some opinions
a.    Does the organization seem in danger of bankruptcy?
b.    Do you think they are a “good” nonprofit organization, that you would feel comfortable donating to, assuming you liked their mission? Explain why, or why not –this might involve spending ratios, or non-financial factors such as its management or the quality of its work. It might also involve the existence of competitors you like more.

Categories
Business and Management : Accounting

The assignment below will ensure you have a thorough understanding of the differ

The assignment below will ensure you have a thorough understanding of the differences between IFRS and U.S. GAAP.
Answer the following homework problems thoroughly and in complete sentences. Save your answers in a Word document and submit them to the Dropbox.
Identify and describe the types of differences that exist between IFRS and U.S. GAAP.
Foreign companies whose stocks are listed on United States Stock Exchanges are required to file Form 20-F reconciliations with the Securities and Exchange Commission if they prepare their consolidated financial statements in accordance with any standards different from current U.S. GAAP or IFRS.
Prior to 2014, AngloGold Ashanti prepared their annual audited consolidated financial statements contained in the annual report on Form 20-F for years ending on or before December 31, 2012, in accordance with U.S. GAAP. However, the company made a change in 2014 and prepared the annual audited consolidated financial statements contained in the annual report on Form 20-F for the year ending December 31, 2013, in accordance with IFRS as issued by the IASB.
For this assignment, you are going to analyze the differences in the year ending 12/31/2012 figures found in the 2012 and 2013 Form 20-F Reconciliations.
Download the 2013 Form 20-F and the 2012 Form 20-F using the links below.
2013 Form 20-F
AngloGold Ashanti Limited. (2013). Form 20-F. https://www.sec.gov/Archives/edgar/data/1067428/000119312514141938/d709051d20f.htm
2012 Form 20-F
AngloGold Ashanti Limited. (2012). Form 20-F. https://www.sec.gov/Archives/edgar/data/1067428/000119312513175850/d508552d20f.htm
Compare the 2012 financial data found in the 2013 Form 20-F with the 2012 financial data found in the 2012 Form 20-F Reconciliation. Analyze the differences in the key financial indicators used by financial analysts and comment on your findings. Make sure you include, at a minimum, answers to the following questions in your analysis.
What is the difference between IFRS revenues and U.S. GAAP revenues for 2012? Use the percent difference to help highlight the significance.
What is the difference between IFRS net income and U.S. GAAP net income for 2012? Use the percent difference to help highlight the significance.
What is the difference between IFRS current assets and U.S. GAAP current assets? Use the percent difference to help highlight the significance.
What is the difference between IFRS total stockholders’ equity and U.S. GAAP total stockholders’ equity? Use the percent difference to help highlight the significance.
How might these differences influence investor decisions and financial analysts’ assessment of the company? Consider using financial ratios to support your answer.
Which method would the AngloGold Ashanti management prefer to report to stakeholders? Why?
How is an impairment loss on property, plant, and equipment determined and measured under IFRS? How does this differ from U.S. GAAP?
On January 1, Year 1, Autonomous Systems Ltd. (ASL) signed a contract to lease computer equipment from Lenovo for 3 years. The lease agreement requires ASL to pay $30,000 at the end of each year of the lease. The company’s borrowing rate is 6%. Under U.S. GAAP, the lease would be classified as operating. However, ASL is based in Singapore and will account for the lease using IFRS 16.
Required:
Compute the value of the lease liability that ASL will record under IFRS 16 on January 1, Year 1.
In each year of the lease, ASL will record depreciation expense on the leasehold asset and interest expense on the lease obligation. Compute the amount of the two expenses in the lease’s first year.
ASL is partially backed by a U.S. venture capital fund that would like to know how the lease would be accounted for under U.S. GAAP. How much expense would ASL recognize for the lease if it were a U.S. company, and how does this amount differ from the total lease expense recognized under IFRS?
How will the lease affect operating cash flow, and how would it affect operating cash flow under U.S. GAAP? Assume that ASL classifies interest paid as a financing flow in its statement of cash flows.
How does a company measure the net pension benefit liability (asset) to report on the balance sheet under IFRS and U.S. GAAP?

Categories
Business and Management : Accounting

The assignment below will ensure you have a thorough understanding of the differ

The assignment below will ensure you have a thorough understanding of the differences between IFRS and U.S. GAAP.
Answer the following homework problems thoroughly and in complete sentences. Save your answers in a Word document and submit them to the Dropbox.
Identify and describe the types of differences that exist between IFRS and U.S. GAAP.
Foreign companies whose stocks are listed on United States Stock Exchanges are required to file Form 20-F reconciliations with the Securities and Exchange Commission if they prepare their consolidated financial statements in accordance with any standards different from current U.S. GAAP or IFRS.
Prior to 2014, AngloGold Ashanti prepared their annual audited consolidated financial statements contained in the annual report on Form 20-F for years ending on or before December 31, 2012, in accordance with U.S. GAAP. However, the company made a change in 2014 and prepared the annual audited consolidated financial statements contained in the annual report on Form 20-F for the year ending December 31, 2013, in accordance with IFRS as issued by the IASB.
For this assignment, you are going to analyze the differences in the year ending 12/31/2012 figures found in the 2012 and 2013 Form 20-F Reconciliations.
Download the 2013 Form 20-F and the 2012 Form 20-F using the links below.
2013 Form 20-F
AngloGold Ashanti Limited. (2013). Form 20-F. https://www.sec.gov/Archives/edgar/data/1067428/000119312514141938/d709051d20f.htm
2012 Form 20-F
AngloGold Ashanti Limited. (2012). Form 20-F. https://www.sec.gov/Archives/edgar/data/1067428/000119312513175850/d508552d20f.htm
Compare the 2012 financial data found in the 2013 Form 20-F with the 2012 financial data found in the 2012 Form 20-F Reconciliation. Analyze the differences in the key financial indicators used by financial analysts and comment on your findings. Make sure you include, at a minimum, answers to the following questions in your analysis.
What is the difference between IFRS revenues and U.S. GAAP revenues for 2012? Use the percent difference to help highlight the significance.
What is the difference between IFRS net income and U.S. GAAP net income for 2012? Use the percent difference to help highlight the significance.
What is the difference between IFRS current assets and U.S. GAAP current assets? Use the percent difference to help highlight the significance.
What is the difference between IFRS total stockholders’ equity and U.S. GAAP total stockholders’ equity? Use the percent difference to help highlight the significance.
How might these differences influence investor decisions and financial analysts’ assessment of the company? Consider using financial ratios to support your answer.
Which method would the AngloGold Ashanti management prefer to report to stakeholders? Why?
How is an impairment loss on property, plant, and equipment determined and measured under IFRS? How does this differ from U.S. GAAP?
On January 1, Year 1, Autonomous Systems Ltd. (ASL) signed a contract to lease computer equipment from Lenovo for 3 years. The lease agreement requires ASL to pay $30,000 at the end of each year of the lease. The company’s borrowing rate is 6%. Under U.S. GAAP, the lease would be classified as operating. However, ASL is based in Singapore and will account for the lease using IFRS 16.
Required:
Compute the value of the lease liability that ASL will record under IFRS 16 on January 1, Year 1.
In each year of the lease, ASL will record depreciation expense on the leasehold asset and interest expense on the lease obligation. Compute the amount of the two expenses in the lease’s first year.
ASL is partially backed by a U.S. venture capital fund that would like to know how the lease would be accounted for under U.S. GAAP. How much expense would ASL recognize for the lease if it were a U.S. company, and how does this amount differ from the total lease expense recognized under IFRS?
How will the lease affect operating cash flow, and how would it affect operating cash flow under U.S. GAAP? Assume that ASL classifies interest paid as a financing flow in its statement of cash flows.
How does a company measure the net pension benefit liability (asset) to report on the balance sheet under IFRS and U.S. GAAP?

Categories
Business and Management : Accounting

I need help in solving the easy accounting questions that is attached in the doc

I need help in solving the easy accounting questions that is attached in the doc file. I will hire the best writer.

Categories
Business and Management : Accounting

I need help in solving the easy accounting questions that is attached in the doc

I need help in solving the easy accounting questions that is attached in the doc file. I will hire the best writer.

Categories
Business and Management : Accounting

I need a one year pro forma income statement for the company fenty beauty.  fent

I need a one year pro forma income statement for the company fenty beauty.  fenty beauty financial statements are private so you’re going to have to make up numbers. So a pro forma income statement and a small summary of the numbers and terms used in the income statement.

Categories
Business and Management : Accounting

You have been assigned the task of analyzing procedures for developing the statement of cash flows.

Assignment Content

Competency
Interpret the components of a cash-flow statement to describe the liquidity of an organization.
Student Success Criteria
View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.
Scenario
You presently work for Ford Motor Company in the Accounting and Reporting department. As part of the annual requirements of a publicly traded company, an external auditing firm just completed the required audit on Ford’s financial statements. The auditing firm determined the internal control procedures Ford developed were sufficient but noted Ford Motor Company could have benefited from more detailed written procedures in preparing the statement of cash flows. You have been assigned the task of analyzing procedures for developing the statement of cash flows.
Instructions
Write an operational procedure to explain the process staff should follow to develop the different sections of the statement of cash flows using the indirect method. Use the 2018 Statement of Cash Flows for Ford Motor Company and include the following:
In the procedures:
Define the components of the operating section of the statement of cash flows and which accounts an employee should evaluate to develop this section.
Define the components of the financing section of the statement of cash flows and which accounts an employee should evaluate to develop this section.
Define the components of the investing section of the statement of cash flows and which accounts an employee should evaluate to develop this section.
Explain what non-cash items must be disclosed on the statement of cash flows.
Comment on the cash generated from operations versus other activities and why this is important to evaluating liquidity

Categories
Business and Management : Accounting

Credible references only!

Case Summary
Choose one of the following financial institutions involved in the subprime lending fiasco. Write a paper including:
1: A summary of the institution’s involvement and the repercussions to that particular institution.
2: A review of the governmental efforts to rescue the downward-spiraling global financial markets.
3: The resulting impact on corporate and accounting governance, including references to TARP, IMF, and EEU funding, the Dodd–Frank Wall Street Reform and Consumer Protection Act, and the establishment of the European Banking Authority.
It should adhere to current APA 7 guidelines, including in-text citations and references. Credible references only!
Financial Institution: Merrill Lynch

Categories
Business and Management : Accounting

Only credible sources should be used.

Directions: Students, write a one-page answer to the questions below. Make sure you all answer the question in full. Use APA 7 edition, no plagiarism, and absolutely no bad sources like Wikipedia, Investopedia, or blogs. Only credible sources should be used.
Question: Given the increasing integration of the global economy, should there be global standards for ethics? What are some of the challenges to this?