Categories
Accounting

Full Case Study details are available in the Case Study Excel document **I’ve at

Full Case Study details are available in the Case Study Excel document
**I’ve attached the template for this assignment. Please complete in its entirety according to the instructions.**

Categories
Accounting

1. What is the meaning of cost behavior and how does the variable cost behave di

1. What is the meaning of cost behavior and how does the variable cost behave differently than fixed cost (per unit & total)? Define cost estimation, explain its purpose, and explain its strategic role. What is the meaning of break-even point and why do firms use it? Search the internet and find examples of companies that use the break-even point. How is cost behavior used to analyze risk and profitability for companies and what is the role of operating leverage?
2. Define relevant costs and provide examples of four different decisions for which the relevant cost analysis model can be used effectively. How do strategic factors affect the proper use of relevant cost analysis? Some companies outsource some of their functions to reduce the cost and/or increase their profits. What are the pros and cons of outsourcing? Search the internet and find an example of a company that outsources and the type of function(s) outsourced.
3. What is the relationship, if any, between the relevant cost analysis methods and cost-volume, profit analysis?
Support your answers using resources available on the IMA website. (https://www.imanet.org/insights-and-trends?ssopc=1)

Categories
Accounting

The company I will be using is Nike Inc. Obtain the company’s most recent annua

The company I will be using is Nike Inc.
Obtain the company’s most recent annual report on Form 10-K. By using the company search feature of the SEC’s EDGAR database service found at www.sec.gov/edgar/searchedgar/companysearch.html
answer the following questions from the company’s most recent annual report:
1. What is the net cash flows from (used for) operating activities reported by the company at the end of the most recent year?
2. What is the net cash flows from (used for) investing activities reported by the company at the end of the most recent year?
3. What is the net cash flows from (used for) financing activities reported by the company at the end of the most recent year?
4. What was the net increase (or decrease) in cash during the year?
Then evaluate the company’s cash inflows and outflows. What does this information tell you about the company you selected?

Categories
Accounting

1. What is the meaning of cost behavior and how does the variable cost behave di

1. What is the meaning of cost behavior and how does the variable cost behave differently than fixed cost (per unit & total)? Define cost estimation, explain its purpose, and explain its strategic role. What is the meaning of break-even point and why do firms use it? Search the internet and find examples of companies that use the break-even point. How is cost behavior used to analyze risk and profitability for companies and what is the role of operating leverage?
2. Define relevant costs and provide examples of four different decisions for which the relevant cost analysis model can be used effectively. How do strategic factors affect the proper use of relevant cost analysis? Some companies outsource some of their functions to reduce the cost and/or increase their profits. What are the pros and cons of outsourcing? Search the internet and find an example of a company that outsources and the type of function(s) outsourced.
3. What is the relationship, if any, between the relevant cost analysis methods and cost-volume, profit analysis?
Support your answers using resources available on the IMA website. (https://www.imanet.org/insights-and-trends?ssopc=1)

Categories
Accounting

Go to the International Financial Reporting Standards Foundation (IFRSF) YouTub

Go to the International Financial Reporting Standards Foundation (IFRSF) YouTube website: https://www.YouTube.com/user/IFRS Foundation/videos or select any other authoritative video that covers the FASB-IFRS conversion process. Prepare a recorded presentation of 4-5 slides that outlines the key points covered in the video. Post the presentation as an attachment in your discussion post. Add a short descriiption of the contents of the video. Respond to any one of your classmates (for a total of 2 posts) on the information they presented in their video.
Don’t forget to cite your reference sources in the body of each slide. Do not forget to add graphics that align with the topic: This is where the most points are lost.

Categories
Accounting

Case Information: This week you will be researching, discussing and analyzing th

Case Information:
This week you will be researching, discussing and analyzing the differences in reporting specific transactions between International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP)
Case: IFRS and Domestic GAAP Comparison, page 83 in your text
Analysis Requirements:
Based on your readings and peer reviewed literature you will be providing a detailed analysis of the assigned case. Be sure to include in your analysis a detailed explanation regarding the financial reporting concepts discussed in this case and how they are directly related to this case. Also clearly identify related IFRS standard(s) and disclosures to the financial statements presented in this case as applicable.

Writing/Presentation Requirements:
The body of this paper should be 2 – 3 pages (not including cover page, abstract or references).
This research paper requires a minimum of 2 scholarly references: academic journals, professional journals, and/or appropriate authoritative references such as FASB Codification System, IFRS, etc.
Be sure to provide specific examples throughout your paper to back up your statements
All research papers must be submitted in APA format for sources and citations.

Categories
Accounting

Competency In this project, you will demonstrate your mastery of the following c

Competency
In this project, you will demonstrate your mastery of the following competency:
Determine the extent to which preliminary data addresses an organizational challenge
Scenario
This supply chain task is a real-world case study for a company we will call National Motors. National Motors has acquired a small firm called Kansas City Motors. National Motors collects motors sold and runs monthly inventory reports to project motor inventory for future sales. This data represents inventory not sales and will support their predictive analysis.
You are a data analyst for a company. Your mentor has given you the opportunity to create a mock presentation that addresses the merger to support your professional development and give you feedback. Your mentor has also informed you that if your work exceeds expectations, it will be included in a presentation to the data analytics management team prior to their next steps.
Your mentor has given you an organizational problem and supporting materials in the form of a data set. National Motors and Kansas City Motors collect and store their data in different ways or use different databases.
The data from the two companies must be merged into a single database while maintaining data integrity and reliability. Your task is to assess a sample of data from the two companies in order to populate a gap analysis in Project Two. Specifically, examine the data provided in the Kansas City and Warehouse Data Set and the Kansas City Monthly Totals documents to address the organizational problem by probing the supporting materials for anomalies due to the following:
Different databases
Data that is stored in different formats
You will also record the organizational issue, keep a list of solutions that need to be taken, and make note of the resolutions that are desired. Document all the steps you have taken from the objective to the data visualization.
Directions
For this project, you will create a preliminary assessment of the organizational challenge. For each topic, write one to two paragraphs that detail your findings. Specifically, you must address the following critical elements:
Determine whether preliminary data represents/identifies the organizational challenge.
Assess your data to see if it represents your organizational problem. Be sure to address the various differences and similarities when assessing each company’s data reporting.
Determine if the data is relevant to the organizational problem. Data should be directly related to the problem that is being addressed. Describe how the data does or does not support the problem.
Examine the data set to determine whether the data is usable or able to be analyzed.
Determine if the data can be used for the gap analysis.
Verify whether the data sets contain any “dirty data” that needs to be cleaned. There are times where data may need to be cleaned prior to analysis. In this topic, discuss why this process is important.
Discuss the compatibility of the data formatting from both companies and what would need to happen to be able to merge them.
Assess the preliminary data set for completeness and accuracy.
Examine each data set for fitness of use. While reviewing the data, determine if each dataset meets the following criteria:
Are there data values that are missing or unusable?
Does the data represent the time period for which it is needed?
Should the data values have a specified format? Are the values recorded in those formats?
Do the data objects each represent a unique piece of the data, or are there multiple instances of the same data objects within a given data set?
Do data objects accurately represent the values expected? Are there outliers or anomalies?
Describe situations in which found errors could have been introduced and how those situations could be prevented after the merger.
Determine which data should be retained or analyzed to address the organizational challenge.
Determine what data you have and what you need from the data sets between the two companies. Some data may not be relevant to the situation as a whole, and some data may not specifically represent the problem being addressed. Identify what is needed within the data set and what needs to be removed. Keep the following points in mind:
Data that is not relevant to the problem
Data that does not represent the needs for this issue
Junk data and how it should be handled (i.e., keep, store, or remove)
Identify limitations for data usage in regard to regulatory, ethical, and legal considerations.
Identify the limitations that apply to the data that you have or need. Some data may be illegal to share in certain situations, and some companies may have policies against sharing data across departments.
Consider the following questions:
Is the data that is required accessible for analysis?
Are there ethical reasons that prohibit the collection and storage of certain data?
Is it legal to share data or have specific required data given the potentially varied audience?
What to Submit
Your submission should be 1 to 2 paragraphs in length per topic. Any sources should be cited according to APA style.
Supporting Materials
The following resources support your work on the project:
Spreadsheet: Kansas City and Warehouse Data Set
Use this spreadsheet to assess data for Project One.
Document: Kansas City Monthly Totals
Use this document to assess data for Project One.

Categories
Accounting

Competency In this project, you will demonstrate your mastery of the following c

Competency
In this project, you will demonstrate your mastery of the following competency:
Determine the extent to which preliminary data addresses an organizational challenge
Scenario
This supply chain task is a real-world case study for a company we will call National Motors. National Motors has acquired a small firm called Kansas City Motors. National Motors collects motors sold and runs monthly inventory reports to project motor inventory for future sales. This data represents inventory not sales and will support their predictive analysis.
You are a data analyst for a company. Your mentor has given you the opportunity to create a mock presentation that addresses the merger to support your professional development and give you feedback. Your mentor has also informed you that if your work exceeds expectations, it will be included in a presentation to the data analytics management team prior to their next steps.
Your mentor has given you an organizational problem and supporting materials in the form of a data set. National Motors and Kansas City Motors collect and store their data in different ways or use different databases.
The data from the two companies must be merged into a single database while maintaining data integrity and reliability. Your task is to assess a sample of data from the two companies in order to populate a gap analysis in Project Two. Specifically, examine the data provided in the Kansas City and Warehouse Data Set and the Kansas City Monthly Totals documents to address the organizational problem by probing the supporting materials for anomalies due to the following:
Different databases
Data that is stored in different formats
You will also record the organizational issue, keep a list of solutions that need to be taken, and make note of the resolutions that are desired. Document all the steps you have taken from the objective to the data visualization.
Directions
For this project, you will create a preliminary assessment of the organizational challenge. For each topic, write one to two paragraphs that detail your findings. Specifically, you must address the following critical elements:
Determine whether preliminary data represents/identifies the organizational challenge.
Assess your data to see if it represents your organizational problem. Be sure to address the various differences and similarities when assessing each company’s data reporting.
Determine if the data is relevant to the organizational problem. Data should be directly related to the problem that is being addressed. Describe how the data does or does not support the problem.
Examine the data set to determine whether the data is usable or able to be analyzed.
Determine if the data can be used for the gap analysis.
Verify whether the data sets contain any “dirty data” that needs to be cleaned. There are times where data may need to be cleaned prior to analysis. In this topic, discuss why this process is important.
Discuss the compatibility of the data formatting from both companies and what would need to happen to be able to merge them.
Assess the preliminary data set for completeness and accuracy.
Examine each data set for fitness of use. While reviewing the data, determine if each dataset meets the following criteria:
Are there data values that are missing or unusable?
Does the data represent the time period for which it is needed?
Should the data values have a specified format? Are the values recorded in those formats?
Do the data objects each represent a unique piece of the data, or are there multiple instances of the same data objects within a given data set?
Do data objects accurately represent the values expected? Are there outliers or anomalies?
Describe situations in which found errors could have been introduced and how those situations could be prevented after the merger.
Determine which data should be retained or analyzed to address the organizational challenge.
Determine what data you have and what you need from the data sets between the two companies. Some data may not be relevant to the situation as a whole, and some data may not specifically represent the problem being addressed. Identify what is needed within the data set and what needs to be removed. Keep the following points in mind:
Data that is not relevant to the problem
Data that does not represent the needs for this issue
Junk data and how it should be handled (i.e., keep, store, or remove)
Identify limitations for data usage in regard to regulatory, ethical, and legal considerations.
Identify the limitations that apply to the data that you have or need. Some data may be illegal to share in certain situations, and some companies may have policies against sharing data across departments.
Consider the following questions:
Is the data that is required accessible for analysis?
Are there ethical reasons that prohibit the collection and storage of certain data?
Is it legal to share data or have specific required data given the potentially varied audience?
What to Submit
Your submission should be 1 to 2 paragraphs in length per topic. Any sources should be cited according to APA style.
Supporting Materials
The following resources support your work on the project:
Spreadsheet: Kansas City and Warehouse Data Set
Use this spreadsheet to assess data for Project One.
Document: Kansas City Monthly Totals
Use this document to assess data for Project One.

Categories
Accounting

Case Information: This week you will be researching, discussing and analyzing th

Case Information:
This week you will be researching, discussing and analyzing the differences in reporting specific transactions between International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP)
Case: IFRS and Domestic GAAP Comparison, page 83 in your text
Analysis Requirements:
Based on your readings and peer reviewed literature you will be providing a detailed analysis of the assigned case. Be sure to include in your analysis a detailed explanation regarding the financial reporting concepts discussed in this case and how they are directly related to this case. Also clearly identify related IFRS standard(s) and disclosures to the financial statements presented in this case as applicable.

Writing/Presentation Requirements:
The body of this paper should be 2 – 3 pages (not including cover page, abstract or references).
This research paper requires a minimum of 2 scholarly references: academic journals, professional journals, and/or appropriate authoritative references such as FASB Codification System, IFRS, etc.
Be sure to provide specific examples throughout your paper to back up your statements
All research papers must be submitted in APA format for sources and citations.

Categories
Accounting

Hi Marcus, I learned a lot from your post this week. I think you did a good job

Hi Marcus,
I learned a lot from your post this week. I think you did a good job explaining the differences between GAAP and IFRS. I wanted to continue the conversation you started when you explained that GAAP is rules based and that IFRS is principle based. This leaves wiggle room with IFRS and very little with GAAP. I wonder if this is the specific reason the SEC has not adopted IFRS. I am sure it would be much easier to use IFRS to be on the same page with the rest of the world however the U.S. uses GAAP. I imagine that GAAP is used to keep all financial reporting uniformed, therefore it prevents companies from painting a false financial picture. In other words, the SEC views GAAP as safer for American investors.
RESPOND BACK TO THE FOLLOWING ABOVE