The Role of Conceptual Framework in Accounting - amazonia.fiocruz.br

The Role of Conceptual Framework in Accounting Video

Conceptual Framework: For this part of the assessment, you will prepare a financial analysis paper addressing various topics about your chosen company, supporting your answers and claims with quantitative data where applicable. You will need to research your chosen company and obtain its latest audited financial statements information that is available to the public online in order to answer the following: A.

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Explain how the conceptual framework and accounting standards apply to your company. Analyze the information within the disclosure statements for information that would interest the creditors of your company. What information would be important for someone in this role? Why is this information important to them? Analyze the information within the disclosure statements for information that would interest the investors of your company. Analysis of Financial Statements: For this part of the assessment, you will continue your financial analysis paper. You will need to research your chosen company and obtain the last few years at least two of financial statements information that is available to the public online in order to answer the following questions: A.

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Based on the information you have gathered, explain the changes in financial ratios. Has anything changed in the few years of financial statements that you have obtained? What are the reasons for these changes? Based on the information you have gathered, analyze the changes in the financial reports regarding cash. Be sure to examine the statement of cash flows. Based on the information you have gathered, analyze the changes in the financial reports regarding the accounts receivable account balance.

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Describe the type of inventory valuation method that your company uses and explain why it uses this method. What are the benefits of this method?

Based on industry trends, future plans of your company, and the information you have gathered, predict how your company will perform in the following year compared to competitors. GAAP vs. IFRS: For this part of the assessment, you will continue your financial analysis paper. For example, what would this transition entail? What would your chosen company need to do? How is it the same?

What would the statements for your chosen company look like? Adjusting Entries: For this part of the assessment, you will continue your financial analysis paper. Explain the type of depreciation method your company uses and why it uses this method.

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Identify an example of an adjusting entry other than depreciation such as prepaid expenses, supplies, or unearned revenue and whether or not your company has this account listed on the balance sheet. You could consider why this might not be listed.

Financial Analysis: For this part of the assessment, you will prepare spreadsheets and analysis to be included in your financial analysis paper. Prepare an Accounying spreadsheet to compare financial ratios for your company to the industry averages. Compose a summation as to how your company is performing in relation to its competitors. Be sure to base your answer on the spreadsheet you previously prepared.]