The owner of a small snack food and potato chip manufacturer, California Crunch Company, has asked you to investigate a possible issue with the company’s payroll. They have provided you with this year and last year’s income statements and two payroll files. The “HR Master” file gives you important information about each employee. The “Payroll” file detailsthe company’s payroll for the last 5 pay periods of the year. You will be conducting some audit procedures for California Crunch and analyzing the results.
Week 1 Writing Assignment Part 1:
This project is split into four (4) parts with one (1) part due each week of the course. Based on your readings, use of technology, research of literature, and other sources do the following:
Week 1: Review the income statements given to you by the owner of California Crunch Company. Based on the AICPA Code of Professional Conduct prepare a 2-3 page summary of how you plan to proceed to address the owner’s concerns and what specific steps you would take to audit this company.
Accounting Question
Prior to beginning work on this assignment, all students are required to read Chapter 9 in the book, The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success. In addition to Chapter 9, review your assigned chapter according to the first letter of your last name provided in the list below:
If your last name begins with S, T, U, V, read Chapter 7
After reading your assigned chapter, create a slide presentation linking what you have read in The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success to the theories of capital allocation in the textbook, Foundations of Financial Management.
In your presentation,
Describe the CEO and the example of the company (one to two slides).
Examine the theoretical application of capital allocation (one to two slides).
Explain how the CEO highlighted in your required chapter used the theories of capital allocation and applied them to his or her situation (two to three slides). You may also want to use Chapter 9 from The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success.
Summarize three key takeaways you learned from linking the textbook theory to the real-world scenario highlighted in your required chapter (one to two slides).
The brand chosen is the British beauty and skincare brand called “Sarah Chapman”, which is chosen to enter the
Accounting Assignment Help The brand chosen is the British beauty and skincare brand called “Sarah Chapman”, which is chosen to enter the Chinese market. It belongs to the natural beauty products selection, and can also be written as a BPC market. We mainly promote the OVERNIGHT FACIAL product, which is one of the brand’s best sellers and has a certain reputation in China because of the recommendation of Beckham’s wife, but still belongs to a niche product. More information about the brand can be found on the official website. The product is intended to be positioned in the middle-to-high or high end of the market, and the specific consumer profile can be seen in the group work as a reference. Please do not copy sentences directly from the group poster to avoid repetition rates. And please apply the theoretical model correctly
Managerial Accounting And Legal Aspects Of Business.
Competency 1 – Reflection
Assignment Content
Reflection
This reflection is comprised of two sections, collectively totaling a minimum of 500 words. Complete your reflection by responding to all prompts.
Ratio Analysis
Financial statement analysis focuses primarily on isolating information that is useful for making a particular decision. Through ratio analysis, users of financial data can analyze various relationships between items reported.
Describe the 3 main categories of ratios and provide a specific example of a ratio that is used in each category. For each of the 3 ratios, you selected, describe how it is used in managerial decision-making.
Analytical Techniques
Managers can choose from several analytical techniques to help them make capital investment decisions. Each technique has advantages and disadvantages. Distinguish between the 3 capital investment techniques of:
Net Present Value
Internal Rate of Return
Payback Method
Describe what you consider to be the top 2 advantages and 2 disadvantages of each technique and provide an example to support your top advantage of each method.
Competency 2 – Reflection
Assignment Content
Reflection
This reflection is comprised of two sections, collectively totaling a minimum of 500 words. Complete your reflection by responding to all prompts.
Costing Systems
The type of product a company produces affects the type of accounting system needed to determine product cost.
The 2 most common types of costing systems are job-order costing and process costing.
Compare and contrast job-order and process costing systems. How can events in a job-order costing system affect financial statements? How can events in a process costing system affect financial statements? Provide specific examples for each type.
Planning, Coordinating, and Controlling Business Operations
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling the operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets.
Differentiate between the 2 types of budgets and include the following in your response:
Provide an example of the type of business or company that would benefit from using a flexible budget.
Provide support for your business selection and include the advantage for using a flexible budget over a static budget.