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Income Statement and Balance Sheet

CLO #1 – Recall accounting and finance vocabulary, terminology, charts, tables, equations, and calculations.
CLO #2 – Analyze and evaluate a Balance Sheet, Income Statement, and Statement of Cash Flows.
CLO #5 – Compile technical and strategic investment principles.
Search Yahoo Finance and/or any other credible source(s) to find the most recent income statement and balance sheet of a major corporation, then provide the following information:
Provide these statements in the appropriate format (financial statement)
Perform a vertical financial analysis incorporating
Debt ratio
Debt to equity ratio
Return on assets
Return on equity
Current ratio
Quick ratio
Inventory turnover
Days in inventory
Accounts receivable turnover
Accounts receivable cycle in days
Accounts payable turnover
Accounts payable cycle in days
Earnings per share (EPS)
Price to earnings ratio (P/E)
Cash conversion cycle (CCC), and
Working capital
Explain Dupont identity. Apply it to your selected company. Interpret the components in Dupont identity.
Provide your explanations and definitions in detail and be precise. Comment on your findings. Provide references for content when necessary. Provide your work in detail and explain in your own words.

Accounting Question

Hi, I need help with my assignment.
Reference: Employment Law for Business, Tenth Edition, Bennett-Alexander, 2022 McGraw-Hill
This assignment will consist of an APA format paper.
Case Analysis Paper: Choose five cases, each from a different chapter, from the readings in Weeks 1 through 3 (Chapters 1, 2, 3, 4, 5, 6, 8, and 9). The paper should be divided into sections where each case is under a heading with the case name and page number on it. A common reference page will be used for all three cases.
Your responses should be well-rounded and analytical and should not just provide a conclusion or an opinion without explaining the reason for the choice. For full credit, you must use the material from the textbook by using APA citation with page numbers when responding to the questions.
Utilize the case format below.
Show your analysis and reasoning and make it clear you understand the material. Be sure to incorporate the concepts of the chapter we are studying to show your reasoning. For each of the cases, you select, dedicate one subheading to each of the following outline topics.
Case: (Identify the name of the case and page number in the textbook.)
Parties: (Identify the plaintiff and the defendant.)
Facts: (Summarize only those facts critical to the outcome of the case.)
Issue: (Note the central question or questions on which the case turns.)
Applicable Law(s): (Identify the applicable laws.) Use the textbook here by using citations. The law should come from the same chapter as the case. Be sure to use citations from the textbook including page numbers.
Holding: (How did the court resolve the issue(s)? Who won?)
Reasoning: (Explain the logic that supported the court’s decision.)
Case Questions: (Explain the logic that supported the court’s decision.) Dedicate one subheading to each of the case questions immediately following the case. First, fully state the question from the book and then fully answer.
Conclusion: (This should summarize the key aspects of the decision and also your recommendations on the court’s ruling.)
Include citations and a reference page with your sources for all of the cases. Use APA-style citations with page numbers and references.

Week 2 Case 1: To determine the amount at which inventory should be reported on the December 31, Year Essay

Accounting Assignment Help Week 2 Case 1: To determine the amount at which inventory should be reported on the December 31, Year 1, balance sheet, Monroe Company compiles the following information for its inventory of Product Z on hand at that date:
Historical Cost $20,000
Replacement Cost $14,000
Estimated Selling Price $17,000
Estimated cost to complete and sell $2,000
Normal profit margin as a percentage of selling price 20%

The entire inventory of Product Z that was on hand at December 31, Year 1, was completed in Year 2 at a cost of $1,800 and sold at a price of $17,150.
Required:
Determine the impact that Product Z has on income in Year 1 and in Year 2 under (1) IFRS and (2) U.S. GAAP.
Summarize and discuss the difference in income, total assets, and total stockholders’ equity using the two different sets of accounting rules over the two-year period.
*Do not forget to include proper APA formatting and citation where necessary. Do not forget to respond to the other cases this week.
Week 2 Case 2: Atlanta Tours Company with the words “Gone with the Wind” carved into the sides. Following are the terms of the lease arrangement.
Fair value of the wagon at the inception of the lease is $10,000
There is an eight-year estimated economic life
Estimated (unguaranteed) residual value is $3,500. Atlanta Tours Company does not absorb any gains or losses in fluctuations of the fair value of the residual value.
Annual lease payments of $2,000 are due on January 1 of each year. The implicit interest rate in the lease is 6 percent.
There is an option to purchase at end of lease term for $4,000.
The lease is noncancelable and may not be extended.
Required:
Discuss whether Atlanta Tours Company should classify this lease as an operating lease or as a finance lease under (a) IFRS and (b) U.S. GAAP.
Discuss your reasoning.
*Do not forget to include proper APA formatting and citation where necessary. Do not forget to respond to the other cases this week.
Week 2 Case 3: Ultima Company offers its customers discounts to purchase goods and take title before they actually need the goods. The company offers to hold the goods for the customers until they request delivery. This relieves the customers from making room in their warehouses for merchandise not needed yet. The goods are on hand and ready for delivery to the buyer at the time the sale is made. Ultima Company pays the cost of storage and insurance prior to shipment. Customers are billed at the time of sale and are given the normal credit period (90 days) to pay.

Topic 1: This week we learned about the differences between IFRS and US GAAP. Using BOTH the FASB codification Essay

Topic 1:
This week we learned about the differences between IFRS and US GAAP.

Using BOTH the FASB codification and the IFRS standards research these differences.
Pick one of the topics (inventory, PPE, developmental costs, impairment losses etc.)
Tell us how you would handle the accounting if you were choosing the methodology to use.
Tell us your reasoning and use the standards to support your position.
Try to pick a topic not already covered in the class discussions.Do not forget to show your source in APA format.
Use the web address www.ifrs.org to access the website. Use the ‘search this site’ at the top of the page to look for the IAS you need to access.

*Do not forget to respond to the other topic this week.
Topic 2:
We have discussed many differences between U.S. GAAP and IFRS related to the recognition and measurement of assets. Among these differences, which two do you feel are the most difficult to reconcile and why? Be specific in your answer and provide examples.
*Do not forget to respond to the other topic this week.
Topic 3:
IFRS has a more “principles based” approach to standard setting, while U.S. GAAP is considered more “rules based.” Which approach do you believe produces the most truthful financial statements? Use revenue recognition as an example and give key points on each side of the argument.

Support your position with scholarly articles from the KU library. Do not forget to include proper APA formatting.

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