Author: chris

Chapter 9: Production Cycle

1. Certain features of the production cycle make it Inherently Risky. List 4 inherent risk factors

2. What is NRV?

3. What are the GAAP-Approved Inventory valuation methods?

4. Physical Inventory

A. What is a Physical Inventory (PI)?

B. What is the Company’s objective for conducting a PI?

C. What is the External Auditors role related to physical inventory observations

i. Is it required by Auditing Standards (AU 331)

ii. What does the auditor do per paragraph 11 of AU 331?

iii. What information is generally document by the auditor during the PI observation?

D. What are cycle counts?

E. What is an inventory roll-forward?

F. What are consignment goods? What are they a concern for Auditors? For which assertion?

G. Why are slow moving or obsolete inventory items a concern to auditors? Which assertion?

Chapter 10: Finance and Investment (F&I) Cycle

1. What are the primary assertions that auditors focus on in the F&I cycle?

2. Certain features of the F&I Cycle make it Inherently Risky. List 4 inherent risk factor

3. Give an example of tests of controls and an examples of substantive testing for

A. debt transactions

B. stockholders equity transactions

4. What are loan covenants and why are they a concern to auditor?

5. Management Estimates

A. What are the 2 primary reasons estimates are required when recording transactions using GAAP?

B. Give an examples in F&I when estimates are used

C. What are examples of internal controls over management estimates?

D. What

Chapter 9: Production Cycle

1. Certain features of the production cycle make it Inherently Risky. List 4 inherent risk factors

2. What is NRV?

3. What are the GAAP-Approved Inventory valuation methods?

4. Physical Inventory

A. What is a Physical Inventory (PI)?

B. What is the Company’s objective for conducting a PI?

C. What is the External Auditors role related to physical inventory observations

i. Is it required by Auditing Standards (AU 331)

ii. What does the auditor do per paragraph 11 of AU 331?

iii. What information is generally document by the auditor during the PI observation?

D. What are cycle counts?

E. What is an inventory roll-forward?

F. What are consignment goods? What are they a concern for Auditors? For which assertion?

G. Why are slow moving or obsolete inventory items a concern to auditors? Which assertion?

Chapter 10: Finance and Investment (F&I) Cycle

1. What are the primary assertions that auditors focus on in the F&I cycle?

2. Certain features of the F&I Cycle make it Inherently Risky. List 4 inherent risk factor

3. Give an example of tests of controls and an examples of substantive testing for

A. debt transactions

B. stockholders equity transactions

4. What are loan covenants and why are they a concern to auditor?

5. Management Estimates

A. What are the 2 primary reasons estimates are required when recording transactions using GAAP?

B. Give an examples in F&I when estimates are used

C. What are examples of internal controls over management estimates?

D. What are Fair Value Measurements

Chapter 9: Production Cycle

1. Certain features of the production cycle make it Inherently Risky. List 4 inherent risk factors

2. What is NRV?

3. What are the GAAP-Approved Inventory valuation methods?

4. Physical Inventory

A. What is a Physical Inventory (PI)?

B. What is the Company’s objective for conducting a PI?

C. What is the External Auditors role related to physical inventory observations

i. Is it required by Auditing Standards (AU 331)

ii. What does the auditor do per paragraph 11 of AU 331?

iii. What information is generally document by the auditor during the PI observation?

D. What are cycle counts?

E. What is an inventory roll-forward?

F. What are consignment goods? What are they a concern for Auditors? For which assertion?

G. Why are slow moving or obsolete inventory items a concern to auditors? Which assertion?

Chapter 10: Finance and Investment (F&I) Cycle

1. What are the primary assertions that auditors focus on in the F&I cycle?

2. Certain features of the F&I Cycle make it Inherently Risky. List 4 inherent risk factor

3. Give an example of tests of controls and an examples of substantive testing for

A. debt transactions

B. stockholders equity transactions

4. What are loan covenants and why are they a concern to auditor?

5. Management Estimates

A. What are the 2 primary reasons estimates are required when recording transactions using GAAP?

B. Give an examples in F&I when estimates are used

C. What are examples of internal controls over management estimates?

D. What are Fair Value Measurements in GAAP?

Chapter 9: Production Cycle

1. Certain features of the production cycle make it Inherently Risky. List 4 inherent risk factors

2. What is NRV?

3. What are the GAAP-Approved Inventory valuation methods?

4. Physical Inventory

A. What is a Physical Inventory (PI)?

B. What is the Company’s objective for conducting a PI?

C. What is the External Auditors role related to physical inventory observations

i. Is it required by Auditing Standards (AU 331)

ii. What does the auditor do per paragraph 11 of AU 331?

iii. What information is generally document by the auditor during the PI observation?

D. What are cycle counts?

E. What is an inventory roll-forward?

F. What are consignment goods? What are they a concern for Auditors? For which assertion?

G. Why are slow moving or obsolete inventory items a concern to auditors? Which assertion?

Chapter 10: Finance and Investment (F&I) Cycle

1. What are the primary assertions that auditors focus on in the F&I cycle?

2. Certain features of the F&I Cycle make it Inherently Risky. List 4 inherent risk factor

3. Give an example of tests of controls and an examples of substantive testing for

A. debt transactions

B. stockholders equity transactions

4. What are loan covenants and why are they a concern to auditor?

5. Management Estimates

A. What are the 2 primary reasons estimates are required when recording transactions using GAAP?

B. Give an examples in F&I when estimates are used

C. What are examples of internal controls over management estimates?

D.

Chapter 9: Production Cycle

1. Certain features of the production cycle make it Inherently Risky. List 4 inherent risk factors

2. What is NRV?

3. What are the GAAP-Approved Inventory valuation methods?

4. Physical Inventory

A. What is a Physical Inventory (PI)?

B. What is the Company’s objective for conducting a PI?

C. What is the External Auditors role related to physical inventory observations

i. Is it required by Auditing Standards (AU 331)

ii. What does the auditor do per paragraph 11 of AU 331?

iii. What information is generally document by the auditor during the PI observation?

D. What are cycle counts?

E. What is an inventory roll-forward?

F. What are consignment goods? What are they a concern for Auditors? For which assertion?

G. Why are slow moving or obsolete inventory items a concern to auditors? Which assertion?

Chapter 10: Finance and Investment (F&I) Cycle

1. What are the primary assertions that auditors focus on in the F&I cycle?

2. Certain features of the F&I Cycle make it Inherently Risky. List 4 inherent risk factor

3. Give an example of tests of controls and an examples of substantive testing for

A. debt transactions

B. stockholders equity transactions

4. What are loan covenants and why are they a concern to auditor?

5. Management Estimates

A. What are the 2 primary reasons estimates are required when recording transactions using GAAP?

B. Give an examples in F&I when estimates are used

C. What are examples of internal controls over management estimates?

D. What are Fair Value Measurements in GAAP?

Using Exhibits 6.4 and 6.5 from Chapter 6 in your textbook as guidelines, respond to the following statements. You are not required to submit the responses, but use your answers as the foundation for the assignment listed below.

Identify a business decision situation that requires action in your organization. Be clear and succinct.

Assess the current situation.

Identify two symptoms.

Identify likely problems causing each symptom.

Write a decision statement (this is always a question).

Identify research objective (potential result) that corresponds to the decision statement.

Restate research objective in the form of a question (known as the research question).

Develop a hypothesis by (1) reviewing the research objectives and identifying the variables and (2) specifying the

variables in a declarative statement and describing the direction of the relationship.

Write a two-page paper based on the information from your responses. The paper should include the following headings: Current Situation, Problem Statement, Research Objective, Research Question(s), and Hypothesis. Be sure to include a title page and a reference page. Use correct APA formatting when writing your paper.

Course Textbook

Zikmund, W. G., Babin, B. J., Carr, J. C., & Griffin, M. (2013). Business research methods (9th ed.). Mason, OH: South-Western.

NOTE: This assignment is part of the Unit VIII Research Proposal. This assignment must be submitted in sequence (i.e., Unit I must be submitted and graded by the professor, who will provide feedback to the student before he or she can progress to the Unit II assignment). The student assignment will be graded according to the assigned rubric. The professor will grade and annotate items that need to be corrected by the student. This feedback from the professor will help the student correct any discrepancies before compiling this assignment into the Research Proposal. This will help the student achieve a better review/grade for the Research Proposal.

Issues Affecting Annual Reporting
Select a corporation in the Fortune 500 category. Refer to the most recent Financial Statement Report of the corporation.

Discuss the primary objective of financial reporting.
Explain the purpose and importance of financial analysis
Calculate and use a comprehensive set of measurements to evaluate the company’s performance under the following headings
(a) How liquid is the firm?
(b) Are the firm’s managers generating adequate operating profits on the company’s assets?
(c) How is the firm financing its assets?
(d) Are the firm’s managers providing a good return on the capital provided by the stockholders?
(e) Are the firm’s managers creating shareholder value?
Describe the limitations of financial ratio analysis.

Use APA standards in writing your paper

Please add your file.

This assignment will be assessed using additional criteria provided here.
Grading Criteria
10% Discuss the primary objective of financial reporting.
10% Explain the purpose and importance of financial analysis
Calculate and use a comprehensive set of measurements to evaluate the company’s performance under the following headings:
10% How liquid is the firm?
10% Are the firm’s managers generating adequate operating profits on the company’s assets?
10% How is the firm financing its assets?
10% Are the firm’s managers providing a good return on the capital provided by the stockholders?
10% Are the firm’s managers creating shareholder value?
20% Describe the limitations of financial ratio analysis.
10% APA format.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Background on Course Research Requirements

In the business world, it is important to use research to strengthen points that you make in your presentations and projects. You will see references to using specific databases throughout this course. Research is a crucial skill, and learning to use the search functions in these databases is about critical thinking, which complements other research techniques that you have used prior to the class.

There are two main types of databases accessible in the library, through “Find articles and Books.” Keep in mind that the most popular databases are ABI Inform Global, Academic Search Premier, and Business Source Premier. As a graduate student, you must move away from utilizing inferior Web sites with anonymous writers, articles found on consultant Web sites, and materials on sites like QuickMBA.com or MarketingProfs.com. Also, dictionaries and encyclopedias most often repeat the information from your text. Acceptable Internet resources include, among others, government sites (especially for statistics). You are not permitted to use Wikipedia or any open-source Web site for this course.

Financial Statement Analysis and Report Writing

[Pin It]

Issues Affecting Annual Reporting
Select a corporation in the Fortune 500 category. Refer to the most recent Financial Statement Report of the corporation.

Discuss the primary objective of financial reporting.
Explain the purpose and importance of financial analysis
Calculate and use a comprehensive set of measurements to evaluate the company’s performance under the following headings
(a) How liquid is the firm?
(b) Are the firm’s managers generating adequate operating profits on the company’s assets?
(c) How is the firm financing its assets?
(d) Are the firm’s managers providing a good return on the capital provided by the stockholders?
(e) Are the firm’s managers creating shareholder value?
Describe the limitations of financial ratio analysis.

Use APA standards in writing your paper

Please add your file.

This assignment will be assessed using additional criteria provided here.
Grading Criteria
10% Discuss the primary objective of financial reporting.
10% Explain the purpose and importance of financial analysis
Calculate and use a comprehensive set of measurements to evaluate the company’s performance under the following headings:
10% How liquid is the firm?
10% Are the firm’s managers generating adequate operating profits on the company’s assets?
10% How is the firm financing its assets?
10% Are the firm’s managers providing a good return on the capital provided by the stockholders?
10% Are the firm’s managers creating shareholder value?
20% Describe the limitations of financial ratio analysis.
10% APA format.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Background on Course Research Requirements

In the business world, it is important to use research to strengthen points that you make in your presentations and projects. You will see references to using specific databases throughout this course. Research is a crucial skill, and learning to use the search functions in these databases is about critical thinking, which complements other research techniques that you have used prior to the class.

There are two main types of databases accessible in the library, through “Find articles and Books.” Keep in mind that the most popular databases are ABI Inform Global, Academic Search Premier, and Business Source Premier. As a graduate student, you must move away from utilizing inferior Web sites with anonymous writers, articles found on consultant Web sites, and materials on sites like QuickMBA.com or MarketingProfs.com. Also, dictionaries and encyclopedias most often repeat the information from your text. Acceptable Internet resources include, among others, government sites (especially for statistics). You are not permitted to use Wikipedia or any open-source Web site for this course.

Other Information

There is no additional information to display at this

Issues Affecting Annual Reporting
Select a corporation in the Fortune 500 category. Refer to the most recent Financial Statement Report of the corporation.

Discuss the primary objective of financial reporting.
Explain the purpose and importance of financial analysis
Calculate and use a comprehensive set of measurements to evaluate the company’s performance under the following headings
(a) How liquid is the firm?
(b) Are the firm’s managers generating adequate operating profits on the company’s assets?
(c) How is the firm financing its assets?
(d) Are the firm’s managers providing a good return on the capital provided by the stockholders?
(e) Are the firm’s managers creating shareholder value?
Describe the limitations of financial ratio analysis.

Use APA standards in writing your paper

Please add your file.

This assignment will be assessed using additional criteria provided here.
Grading Criteria
10% Discuss the primary objective of financial reporting.
10% Explain the purpose and importance of financial analysis
Calculate and use a comprehensive set of measurements to evaluate the company’s performance under the following headings:
10% How liquid is the firm?
10% Are the firm’s managers generating adequate operating profits on the company’s assets?
10% How is the firm financing its assets?
10% Are the firm’s managers providing a good return on the capital provided by the stockholders?
10% Are the firm’s managers creating shareholder value?
20% Describe the limitations of financial ratio analysis.
10% APA format.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Background on Course Research Requirements

In the business world, it is important to use research to strengthen points that you make in your presentations and projects. You will see references to using specific databases throughout this course. Research is a crucial skill, and learning to use the search functions in these databases is about critical thinking, which complements other research techniques that you have used prior to the class.

There are two main types of databases accessible in the library, through “Find articles and Books.” Keep in mind that the most popular databases are ABI Inform Global, Academic Search Premier, and Business Source Premier. As a graduate student, you must move away from utilizing inferior Web sites with anonymous writers, articles found on consultant Web sites, and materials on sites like QuickMBA.com or MarketingProfs.com. Also, dictionaries and encyclopedias most often repeat the information from your text. Acceptable Internet resources include, among others, government sites (especially for statistics). You are not permitted to use Wikipedia or any open-source Web site for this course.

Other Information

There is no additional information to display at this time.

Financial Statement Analysis and Report Writing

[Pin It]

Issues Affecting Annual Reporting
Select a corporation in the Fortune 500 category. Refer to the most recent Financial Statement Report of the corporation.

Discuss the primary objective of financial reporting.
Explain the purpose and importance of financial analysis
Calculate and use a comprehensive set of measurements to evaluate the company’s performance under the following headings
(a) How liquid is the firm?
(b) Are the firm’s managers generating adequate operating profits on the company’s assets?
(c) How is the firm financing its assets?
(d) Are the firm’s managers providing a good return on the capital provided by the stockholders?
(e) Are the firm’s managers creating shareholder value?
Describe the limitations of financial ratio analysis.

Use APA standards in writing your paper

Please add your file.

This assignment will be assessed using additional criteria provided here.
Grading Criteria
10% Discuss the primary objective of financial reporting.
10% Explain the purpose and importance of financial analysis
Calculate and use a comprehensive set of measurements to evaluate the company’s performance under the following headings:
10% How liquid is the firm?
10% Are the firm’s managers generating adequate operating profits on the company’s assets?
10% How is the firm financing its assets?
10% Are the firm’s managers providing a good return on the capital provided by the stockholders?
10% Are the firm’s managers creating shareholder value?
20% Describe the limitations of financial ratio analysis.
10% APA format.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Background on Course Research Requirements

In the business world, it is important to use research to strengthen points that you make in your presentations and projects. You will see references to using specific databases throughout this course. Research is a crucial skill, and learning to use the search functions in these databases is about critical thinking, which complements other research techniques that you have used prior to the class.

There are two main types of databases accessible in the library, through “Find articles and Books.” Keep in mind that the most popular databases are ABI Inform Global, Academic Search Premier, and Business Source Premier. As a graduate student, you must move away from utilizing inferior Web sites with anonymous writers, articles found on consultant Web sites, and materials on sites like QuickMBA.com or MarketingProfs.com. Also, dictionaries and encyclopedias most often repeat the information from your text. Acceptable Internet resources include, among others, government sites (especially for statistics). You are not permitted to use Wikipedia or any open-source Web site for this course.

Other Information

There is no additional information to display at this time.