Writing Homework 3

Research the topic "data analytics". After completing the research: Describe the understanding of data analytics. Be sure to include its impact on the accounting community and financial accounting specifically. Why does one think it is a major focus of the updated CPA exam?

If we talk about the recent trend in the field of accounting research, there is a lot of investigation is going on in the field of ____________. a. Forensic management b. Auditing and assurance c. All of the options d. Corporate governance

Describe the responsibilities of a financial analyst. Write five to seven bullet points outlining the responsibilities of a financial analyst. Write in complete sentences.  Use an example to discuss the importance of analyzing and managing finances to help make business decisions. How do these responsibilities help inform management decisions? What would happen if management didn’t have this information? Consider the bullet points you outlined in the previous section. Then write a brief paragraph that answers the following questions. Use examples to support your claims.  Explain how to use accounting principles to analyze a business’s financial health. Give examples to support your claims. What accounting information do financial analysts use? What would happen if that information was not available or was not accurate? Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business’s financial health. In your paragraph, also answer…

oman oil company omantel company Apple comany McDonald's You have these companies through which answer the following. 1. Write a summary of the most important ethical problems in auditing, finance, or accounting that each company has faced.

A friend asks you about whether GAAP requires companies to disclose forecasts of financial variables to external users. She thinks that information could be very useful to investors.Required:1. What are the two primary qualitative characteristics of accounting information?2. Does GAAP routinely require companies to disclose forecasts of financial variables to external users? Indicate yes or no and explain how your answer relates to the qualitative characteristics of accounting information.

Financial Responsibilities: Describe the responsibilities of a financial analyst. Write five to seven bullet points outlining the responsibilities of a financial analyst. Write in complete sentences. Financial Management Decisions: Use an example to discuss the importance of analyzing and managing finances to help make business decisions. Consider the bullet points you outlined in the previous section. Then write a brief paragraph that answers the following questions. Use examples to support your claims. How do these responsibilities help inform management decisions? What would happen if management didn’t have this information? Accounting Principles: Explain how to use accounting principles to analyze a business’s financial health. Give examples to support your claims. Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business’s financial health. In your paragraph, also answer the following questions: What accounting information…

What is the relationship between Accounting and an Accountinginformation system?  • What has happened to the relationship over the years? • What is accounting information?  • Name 4 uses of Accounting Information?  • Use an example to illustrate the difference between data,information, and intelligence?  • Discuss security concerns related to shadow data and businessintelligence technologies.  • Discuss the role of accounting professionals in thedevelopment of shadow data.  System Documentation • What is system documentation?  • Why is it important to know system documentation?  • Explain the 4 elements that makes up the Data Flow Diagrams?  • Give an example of who or when one of these documents may berequired  • What are Flowcharts?  • List an example of an Input/output, processing and storage Symbols  • Differentiate between different types of Flowchart? • If you were a new factory employee on your first day at a vastfactory, indicate which level Flowcharts would be required and •…

What is the relationship between Accounting and an Accountinginformation system? ) • What has happened to the relationship over the years?  • What is accounting information?  • Name 4 uses of Accounting Information?  • Use an example to illustrate the difference between data,information, and intelligence?  • Discuss security concerns related to shadow data and businessintelligence technologies.  • Discuss the role of accounting professionals in thedevelopment of shadow data.    • What is system documentation?  • Why is it important to know system documentation?  • Explain the 4 elements that makes up the Data Flow Diagrams?  • Give an example of who or when one of these documents may berequired  • What are Flowcharts?  • List an example of an Input/output, processing and storage Symbols • Differentiate between different types of Flowchart?  • If you were a new factory employee on your first day at a vastfactory, indicate which level Flowcharts would be required and • If you were a new…

answer these questions: step 1; Why do managers/accountants need to behave ethically? Explain. Step 2: Describe thestrengths and weaknesses of an accountant for icecream business. would they be good accountants?step 3:Compare and contrast manual accounting with computerized accounting, How are theydifferent?

You are employed by a business consulting firm as an information systems specialist. You havejust begun an assignment with a startup company and are discussing with the owner her need for anaccounting system. How would you respond to the following questions from the owner?a. What is the meaning of the term accounting system?b. What is the purpose of an accounting system and what are its basic functions?c. Who is responsible for designing and implementing an accounting system?

Refering to case study 2 Fortunesareus Ethical Scenario. How can these below question be addressed. 1. What are the readily identifiable ethical issues for your decision?   2. Who are the key parties who can influence, or will be affected by, your decision? 3. What fundamental ethical principles for accountants are most applicable and is there an apparent conflict between them?   4. What would you do?

select a “start-up” company in an industry of your choice and provide a brief summary description of the start-up company you chose and the goods or services it provides. 1. As a start-up company, identify three Credit Risks the company currently faces today or could face in the future. Explain in detail why these risks are a threat to the company. 2. What advice would you give to the CEO of the company to prevent or minimize these credit risks?

1. How does the role of a forensic accounting differ from a traditional accounting? 2. How does the role of a traditional accountant differ from internal and external auditor? 3. prepare 10 year professional development plan that will prepare you for a role in forencis.

6 The mechanics of accounting involve analyzing the effect on the accounting equation of financial transactions. Knowing how transactions affect the accounting equation allows you to consider and account for all the ramifications of sometimes complicated transactions. You are mentoring an accounting intern who asks for clarification about trial balances. She wants to know if a trial balance balances, would that guarantee that the trial balance is correct? Consider her question. What possible errors could happen and still allow the trial balance to balance?

You just attended a conference which titled “Issues in Financial Reporting’. Your Financial Accountant wants the Accounting Team to get some update from the conference you have just attended. Your Financial Accountant requested you to write a REPORT and explain the following issues:   a) What is the importance of Financial Reporting

Use the internet to research one manufacturing, one retail (or merchandising), and one service business. For each business, describe the following:Your answer:A. the primary purpose of the entityB. the types of activities that accountants would record (hint: what is the source of the business’ funding, and what costs might the business have?)C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process

Why is accounting quality important in financial analyst. Provide an example showing one of the concepts provided in lesson 3

Who will be a user of financial statements, and what will they be used for?   Question 17 options:     Lenders will use financial statements to decide whether to invest in a company.     Investors will use financial statements to decide whether to lend money to a company.     The marketing department is interested in the operating income figures in the financial statements.     Managers will use financial statements to make decisions about their company.

what is the job of a financial intermediary*? What might happen if they fail to do their job? *as part of your response, you should probably name the different types of financial intermediaries

Describe how information reduces risk when you make a personal or work-related decision. What are information rules? How do they simplify the process of making decisions? What is the difference between data and information? Give one example of accounting data and one example of accounting information. List the five functions of an MIS. What are the components of a typical business report? Describe the three types of computer applications that help employees, managers, and executives make smart decisions. What purpose do audits and GAAPs serve in today’s business world? How do the major provisions of the Sarbanes-Oxley Act affect a public company’s audit procedures? What is the principal difference between a balance sheet and an income statement? How are current assets distinguished from fixed assets? Why are fixed assets depreciated on a balance sheet? How does the use of money solve the problems associated with a barter system of exchange? For a business firm, what type of activities…

What can an investor do to better understand details and accounting choices the company has made in preparing their financial statements? a. contact investor relationsb. read the auditor’s reportc. read brokerage reportsd. read the footnotes

How are financial accountants pressured when they need to make ethical decisions in their work? Is having technical mastery of GAAP enough to practise financial accounting?