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You’ve just been hired onto ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual sales of around $1.2 million, a 25% increase from the previous year. The company has an aggressive growth target of reaching $3 million annual sales within the next 3 years. The CEO has been trying to find additional products that can leverage the current ABC employee skillset as well as the manufacturing facilities.

ACC 206 Week 1 Assignment Chapter One Problems

ACC 206 Week 4 DQ 2 Flexible Budgets Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using a static budget over a flexible budget?

Go the Hershey website to learn how to make Hershey chocolate. Review the process and take a look at some of the videos. Pay particular attention to the process steps of milling and pressing, mixing the ingredients, and refining. In at least one paragraph, describe the costing system that you would recommend Hershey use to account for its cost of goods sold and why. Include a few product costs you think would be traceable, which costs should be allocated, and how Hershey should account and apply the manufacturing overhead costs.

ACC 206 Week 2 DQ 2 Role of Management Review the roles of management accounting within a company. What is the most important role of management accounting? How is that different than financial accounting?

What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner’s equity)? What elements of the cash flow statement do you think are most important for company management to monitor and why? Is this different for investors?

Describe three issues/problems that a company could encounter when trying to determine the actual cost of a good or service to be used in the cost of goods sold. For each of your issues, provide an example of a company or industry where these issues could be present.

Chapter 4 and 5 Problems Please complete the following 7 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button.

Chapter 6 and 7 Problems Please complete the following 8 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button.

While there are many instances of overlap between financial accounting and management accounting, each group’s primary focus is different. Review the Institute of Management Accounting’s (IMA) website, specifically the “About IMA” and the “Resources and Publications” sections of the website. Are you surprised by the topics that management accountants are focusing on? Why or why not? What interests you more, financial accounting or management accounting?

List a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial statements.

Go to http://finance.yahoo.com. Enter in “AAPL” and click on the “get quote” button, and it will bring up information on Apple. On the left hand side you’ll see a section on Financials. Within that section, click on the cash flow. Review the cash flow statement for Apple. How would you summarize Apple’s cash flow position and what does this statement tell you about where the money is coming from and where it’s going? What should Apple do to improve its cash position and why?

Review the rights and responsibilities of Certified Management Accountants: http://www.imanet.org/PDFs/Public/CMA/RIghts_Responsibility_CMA.pdf What are some of the ethical responsibilities and obligations that management accountants have within an organization? Provide some examples. Are these responsibilities different than the obligations for financial accountants?

Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain.

We have all experienced (or heard about) the challenges that the airlines have been facing. Read the Zacks Investment Research article, “Airline Industry Stock Outlook – August 2012” Identify three factors that are affecting airline company’s ability to break even. For each of your factors, discuss how these have an impact on the breakeven (contribution margin, fixed costs, variable costs, a combination, etc.), and what happens if these factors increase or decrease.

Chapter 8 Exercise 1: Basic present value calculations Calculate the present value of the following cash flows, rounding to the nearest dollar: a. A single cash inflow of $12,000 in five years, discounted at a 12% rate of return. b. An annual receipt of $16,000 over the next 12 years, discounted at a 12% rate of return. c. A single receipt of $15,000 at the end of Year 1 followed by a single receipt of $10,000 at the end of Year 3. The company has a 10% rate of return. d. An annual receipt of $8,000 for three years followed by a single receipt of $10,000 at the end of Year 4. The c

What is callable preferred stock? Why do corporations issue such stock? Given the different features that are associated with stock (callable, cumulative, preferred, etc.), what type of stock would you want to buy personally and why?

For more course tutorials visit www.tutorialrank.com Tutorial Purchased: 4 Times, Rating: A+ ASHFORD ACC 206 Week 1 DQ 1 Ethical Issue 12-1 ASHFORD ACC 206 Week 1 Assignment Problem P12-30A, P12-32A, P13-24A, P13-25A ASHFORD ACC 206 Week 2 DQ 1 Financial Statement Analysis ASHFORD ACC 206 Week 2 Assignment Problem E 14-13, E 15-18, P 15-26A, P14-25A ASHFORD ACC 206 Week 2 Fraud Case 14-1 ASHFORD ACC 206 Week 3 Assignment Problem 17-26A, 17-11A, E 16-17, P 16-25A ASHFORD ACC 206 Week 3 DQ 1 Ethical Issue 16-1

For more course tutorials visit www.tutorialrank.com Tutorial Purchased: 4 Times, Rating: A+ ASHFORD ACC 206 Week 1 DQ 1 Ethical Issue 12-1 ASHFORD ACC 206 Week 1 Assignment Problem  P12-30A, P12-32A, P13-24A, P13-25A ASHFORD ACC 206 Week 2 DQ 1 Financial Statement Analysis ASHFORD ACC 206 Week 2 Assignment Problem E 14-13, E 15-18, P 15-26A, P14-25A ASHFORD ACC 206 Week 2 Fraud Case 14-1

ACC: Solutions for Texas What does this mean for Central Texas? We ve put together a video that demonstrates how ACC is on the front lines of Closing the Gaps.

For more course tutorials visit www.tutorialrank.com Please check All included Assignments/DQs/Quiz Below ACC 305 Week 1 Assignments E 3-18, E 3-20, Judgement Case 3-5 ACC 305 Week 1 DQ 1 FASB and Ethics ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures ACC 305 Week 1 Quiz (2 Set) ACC 305 Week 2 DQ 1 Earnings Management Case 4-3

ACC 305 course is a grassroots open education project with a model for lifelong learning.

For more course tutorials visit www.tutorialrank.com Tutorial Purchased: 4 Times, Rating: A+ ASHFORD ACC 305 Week 1 Assignments E 3-18, E 3-20, J Case 3-5 ASHFORD ACC 305 Week 1 DQ 1 FASB and Ethics ASHFORD ACC 305 Week 1 DQ 2 Cash versus Accrual & Financial Disclosures ASHFORD ACC 305 Week 2 DQ 1 Earnings Management Case 4-3 ASHFORD ACC 305 Week 2 DQ 2 Revenue Recognition Case 5-2 ASHFORD ACC 305 Week 2 Problem E4-16 Bluebonnet Bakers ASHFORD ACC 305 Week 2 Problem E4-19 Wainwright Corporation ASHFORD ACC 305 Week 2 Problem E4-22 Tiger Enterprises

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