Accounting

make a workforce psychology research proposal

MANUFACTURING PROJECT: The result of this project will be something you made, and a written report of what you did and what you learned. The report should be long enough to tell me all you did in making your project and all the associated costs with making your project. The bottom line; tell me the total cost incurred in the manufacturing of your product. This project requires that you gather raw materials, supply the labor and overhead, and make something from your raw materials. The item you manufacture should not be perishable (no cakes or cookies or the like). Keep a diary of what you did during the process and most importantly an accounting for the cost of the materials, labor, and overhead that went into your finished product. ?The project I want to make is potted plants. The total price of flowers and pots is controlled within 100 US dollars. The soil can be extracted from my back garden. What I want is to have professional cost accounting content in the report.? So please combine all the requirements and basic information I gave to complete the report. Please use your imagination and creativity.

First Post During the accounting cycle, there are a number of steps that must be accurately completed in order to produce complete financial statements and accounting records. The following is another view of this cycle: Analyze transactions Record journal entries Post journal entries to respective ledger accounts Create unadjusted trial balance Record adjusting entries Post adjusting entries to respective ledger accounts Create adjusted trial balance Construct financial statements Record closing entries Create post-closing trial balance However, there are many steps along the way that can lead to the issue of fraud or significant errors. REQUIRED Based on your knowledge of the accounting cycle and the various steps that must be performed during this cycle, answer the following questions: What are some incorrect or fraudulent actions that can be performed, in at least 3 of the steps above, that would cause the accounting data to be inaccurate? In other words, select 3 of the steps above and indicate at least 1 incorrect or fraudulent action that could be performed (i.e. recording a false journal entry, or incorrect mathematics being performed on a trial balance or financial statement). For each of the errors or fraudulent actions noted in question 1 above, what would you do to prevent or detect this? post must address the questions above and not contain any grammatical errors and have any sources of information cited (outside of our class textbook and lecture notes if any additional material was referenced 2nd Post Discuss a time during your current role this semester (or in the past) where you have had a unique work-related problem arise that required you to step outside of your “box” and utilize new skills, work with different individuals/parties, or work longer/harder than normal to resolve. How did it feel? Did you learn anything from it? If you have NOT yet had a unique problem or circumstance arise, please write about what unique problems could you face in an accounting role that is not traditionally associated with Accounting (for example, public speaking is a skill that many people would not relate to Accounting, but it actually happens more than you think!). How would you address this problem?

Write a report with a minimum of two pages explaining the concept of Cost per Activity (ABC)

Hello, This writing project will be a 2-3 page paper using the novel “The Goal” as reference. After reading the book, you will apply the concepts to another situation. In the paper, you will define the original context, explain how you will apply the theory of constraints, and finally discuss the results of the application. Please note you will need 1 additional source other than the book, “The Goal” (Instruction provided by professor)

The following financial data for the Freemont Corporation are to be used in answering self-test problems 1–6.

This discussion has 3 parts: Financial managers make three main decisions: Which products or services to offer? How to acquire the funds necessary to offer the products and services, such as using cash on hand, borrowing, or selling shares in the firm? What to do with the cash flow generated by the firm, such as pay dividends, repurchase shares, reinvest it in the business, or hold on to it? Which of these decisions do you think is the most important for creating value for the corporation’s owners? Why? (Note: Your response for this question should be no more than 50 words) A guest speaker in class states “managers should only focus their attention on what shareholders want because they are the owners of the firm and the managers work for the shareholders”. Offer your view on this statement based on your readings, life experiences, and ethics. See Assigned Readings “Related to agency theory and the goal of financial management” Submission Instructions: Your initial post for each question should be approximately 100 to 200 words (unless the discussion question specifically provides a different guideline), formatted and cited in current APA style with at least one source other than the required textbook. Your initial posts are worth 8 points each. You should respond to two of your peers by extending, refuting/correcting, or adding additional nuance to their posts. Student #1 Hello Everyone, These three decisions that financial managers have to make all seem extremely important; however, I think that how to acquire the funds necessary to offer the products and services is the most important decision that needs to be made. Without the necessary funds, then the products/services would be available period, so deciding which products/services to offer is automatically not the most important question. What to do with the cash flow generated by the firm is also a very important decision, but cash flow won’t happen until a product/service is being sold and there needs to be a way to acquire the funds necessary to produce this product/service. Overall, how to acquire the funds necessary for this product/service is the most important decision because it is the first step. I disagree that managers should only focus on the wants of shareholders. Managers need to focus on what will help progress the company and make it more successful. Managers also need to focus on their employees and other stakeholders. If managers don’t also focus on the needs of their employees, then there can end up being a high turnover rate which is only costing the company more money. “For a business to be in business to serve only shareholders or profit seekers runs counter to the needs of today’s very complex and fast-changing world” (Pontefract 2016). I agree with this statement because companies need to take in account all of their stakeholders (customers, government, lenders, society, and employees) enable to be successful, instead of only caring about the needs of the people who will reap the benefits of the companies success. Pontefract, Dan. “Should Companies Serve Only Their Shareholders Or Their Stakeholders More Broadly?” Forbes, Forbes Magazine, 10 May 2016, www.forbes.com/sites/danpontefract/2016/05/09/shareholders-or-stakeholders/#5633ff8713d2. Student 2 TuesdayJun 30 at 7:38pm The main responsibility for financial managers is to acquire funds needed and decide how to use the funds to maximize the value of the firm’s stock price. Their decision affects the stock price in many ways as the value of the stock is determined by the future cash flows the firm can generate. These cash flows are affected by the products or services selected to produce, the types of assets to purchase or what advertising campaign to utilize but a firm can’t think about what products and services or what to do with the cash flow that is generated, without first having or acquiring the funds to make the other decisions. I disagree that managers should only focus their attention on what shareholders want simply because they are the owners of the firm. Although the main objective is to maximize the shareholder’s wealth, this is not possible without its stakeholders. Who are considered stakeholders? Customers, employees, supplies and the communities are among this group and they deserve a manager’s attention. It is my belief that revenue is generated when clients /customers are satisfied and pleased with the product and service provided by a company but this is possible when your front line employees work on delivering these products and services. In addition,the business will benefit if managers consider them as important if not more important as these are pivotal factors in a successful business. Reference Bragg, S. The Difference Between a Shareholder and a Stakeholder. Accounting Tools,24 August 2019, https://www.accountingtools.com/articles/what-is-the-difference-between-a-shareholder-and-a-stakehold.html

Describe how data flow models assist a business in understanding their accounting information systems and the development of those systems?

Describe the elements involved in capital investment calculations. Can you think of any additional elements beyond the numeric ones described in the chapter that should be considered? Submission Instructions: Any written explanations should use complete sentences, and appropriate grammar, punctuation, spelling and word usage.

Rock Creek Golf Club (RCGC) was a public golf course, owned by a private corporation. In January the club’s manager, Lee Jeffries, was faced with a decision involving replacement of the club’s ?eet of 40 batterypowered golf carts. The old carts had been purchased ?ve years ago, and had to be replaced. They were fully depreciated; RCGC had been offered $200 cash for each of them. Jeffries had been approached by two salespersons, each of whom could supply RCGC with 40 new gasoline-powered carts. The ?rst salesperson, called here simply A, would sell RCGC the carts for $2,240 each. Their expected salvage value at the end of ?ve years was $240 each. Salesperson B proposed to lease the same model carts to RCGC for $500 per cart per year, payable at the end of the year for ?ve years. At the end of ?ve years, the carts would have to be returned to B’s company. The lease could be canceled at the end of any year, provided 90 days’notice was given. In either case, out-of-pocket operating costs were expected to be $420 per cart per year, and annual revenue from renting the carts to golfers was expected to be $84,000 for the ?eet. Although untrained in accounting, Jeffries calculated the number of years until the carts would “pay for themselves” if purchased outright, and found this to be less than two years, even ignoring the salvage value. Jeffries also noted that if the carts were leased, the ?ve-year lease payments would total $2,500 per cart, which was more than the $2,240 purchase price; and if the carts were leased, RCGC would not receive the salvage proceeds at the end of ?ve years. Therefore, it seemed clear to Jeffries that the carts should be purchased rather than leased. When Jeffries proposed this purchase at the next boardofdirectorsmeeting,oneofthedirectorsobjected to the simplicity of Jeffries’ analysis. The director had said, “Even ignoring in?ation, spending $2,240 now may not be a better deal than spending ?ve chunks of $500 over the next ?ve years. If we buy the carts, we’ll probably have to borrow the funds at 8 percent interest cost. Of course, our effective interest cost is less than this, since for every dollar of interest expense we report to the IRS we save 34 cents in taxes. But the lease paymentswouldalsobetaxdeductible,soit’sstillnotclear tomewhichisthebetteralternative.There’sasharpnew person in my company’s accounting department; let’s not make a decision until I can ask her to do some furtheranalysisforus.” 1. Assume that in order to purchase the carts, RCGC would have to borrow $89,600 at 8 percent interest for ?ve years, repayable in ?ve equal year-end installments. Prepare an amortization schedule for this loan, showing how much of each year’s payment is for interest and how much is applied to repay principal. (Round the amounts for each year to the nearest dollar.) 2. Assume that salesperson B’s company also would be willing to sell the carts outright at $2,240 per cart. Given the proposed lease terms, and assuming the lease is outstanding for ?ve years, what interest rate is implicit in the lease? (Ignore tax impacts to the leasing company when calculating this implicit rate.) Why is this implicit rate different from the 8 percentthatRCGCmayhavetopaytoborrowthe funds needed to purchase the carts? 3. Should RCGC buy the carts from A, or lease them from B? (Assume that if the carts are purchased, RCGC will use accelerated depreciation for income taxpurposes,basedonanestimatedlifeof?veyears andanestimatedresidualvalueof$240percart.The accelerated depreciation percentages for years 1–5, respectively, are 35 percent, 26 percent, 15.6 percent, 11.7 percent, and 11.7 percent.) 4. Assume arbitrarily that purchasing the carts has an NPV that is $4,000 higher than the NPV of leasing them. (This is an arbitrary difference for purposes of this question and is not to be used as a “check ?gure” for your earlier calculations.) How much would B have to reduce the proposed annual lease payment to make leasing as attractive as purchasing the cart?