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Resource: Ch. 5–7 of Financial Accounting

Complete Exercises BE5–1, BE5–2, BE6-5, BE6-7, BE7-4, BE7-5, & BE7-6.

Submit as either a Microsoft® Excel® or a Microsoft® Word document.

Click the Assignment Files tab to submit your assignment.

 

 

Write a 200- to 350-word response to the capstone discussion question.

  • In the wake of accounting scandals over the past several years, how has the Sarbanes-Oxley Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)?

 

Access the Internet to acquire a copy of the most recent annual report for the publicly traded company used to complete the Financial Reporting Problem, Part 1 assignment due in Week Six.

Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:

  • Are the assets included under the company’s current assets listed in the proper order? Explain your answer.
  • How are the company’s assets classified?
  • What are cash equivalents?
  • What are the company’s total current liabilities at the end of its most recent annual reporting period?
  • What are the company’s total current liabilities at the end of the previous annual reporting period?
  • Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees?

Summarize the analysis in a 700- to 1,050-word paper in a Microsoft® Word document.

Include a copy of the company’s balance sheet and income statement.

Format your paper and presentation consistent with APA guidelines.

 

Materials: Financial Reportings part 1 (its attachted) 

  • 9 years ago
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