Please review the below essays. 15 pages minimum double space courier new 12 font. Kindly accept and separate each acc501cs1, cs2, cs3, cs4, and cs5.
ACC501CS1 (3 to 5 pages double spaced courier new 12 pt font)
Case assignment expectations:
This case will give you experience in the format of our case method.
You will begin by learning about financial accounting standards and current trends. Further, you are introduced to the annual report, which typically includes the audited financial statements. The submission should be 3-5 pages typed and double-spaced.
The following items will be assessed in particular:
There are two parts to this case.
Part I. Search the Internet. Discuss each of the following terms or concepts and their significance for the preparation of financial statements. In addition, comment on how the five terms or concepts below relate to each other.
1.Generally Accepted Accounting Principles (US GAAP)
2.International Financial Reporting Standards (IFRS)
3.Norwalk Agreement (October 2002)
4.Generally Accepted Auditing Standards
5.International Auditing and Assurance Standards
Part II. Refer to the following three sets of annual reports which contain the financial statements. Use the latest financial statements — for the year 2010, if available. First read an overview of the company so you are familiar with the company, its products/services and markets and then review the annual report and supplemental financial statements.
1.Briefly comment on the companies, the appearance and presentation of the annual reports.
2.How the terms and concepts defined in Part I affect the information reported the financial statements listed above?
3.Make three comparisons and reach three conclusions about each company from the financial information you find in the annual report. Prepare a table to summarize your findings.
4.Briefly comment on the ability to compare and contrast the information in your table.
ACC501CS2 – (3-5 pages typed and double-spaced courier new 12 font)
Case assignment expectations:
Cost Volume Profit Analysis and Costing for the 21st Century
Read all the required readings in the background materials about Cost Volume Profit Analysis. Make sure you understand this method and the breakeven analysis which goes with these concepts.
(n.a.) Calculating the Break-Even Point and the Contribution Margin, Tripod.com. Retrieved from: http://members.tripod.com/devryproject/BreakEven.htm
These site have detailed slide presentations of cost-volume-profit analysis.
Cost-Volume-Profit-Analysis, Retrieved from:
Review this site for a discussion on the preparation of a contribution form of income statement.
(n.a.) (2011)Contribution Margins, Small Business Owners Toolkit. Retrieved from:http://www.toolkit.cch.com/text/P06_7520.asp
Here is an excellent resource on CVP. Be sure to study all the links and samples.
(n.a.) (2011) Cost Volume Profit Relationship, Accounting for Management Retrieved from:http://www.accountingformanagement.com/cost_volume_profit.htm