Fi504

  • Internal Controls Report

    LJB Company | Internal Controls Report | FI504 Professor J. Roberts | Michael Franklin FI504 10/19/2011 | LJB Company is a local distributor serving various companies nationally. With its rapid growth and success, we have discussed the possibility of becoming a public company. If LJB Company decides to become a public company we should advise you of certain federal securities laws that LJB Company would face. It is imperative that you should discuss this information with your legal

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  • Physics

    Project Risk Of Private Toll Road Projects Investment Portfolio Project Project Finance Key Role Of a Project Management Summer Project Ethnography Project Project Household Projections For Tanzania: 2003-2025 Caso Allusaf''s Hillside Project Fi504 Course Project Project Handleiding Dairy Farm Of 50 Animals Project Managing An It Project Research Project Paper Oresund Bridge Project 1 Final Project Super Project LoginJoin RSS ©2013 TermPaperWarehouse.com Privacy Policy Terms of Service

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  • Case Study 3

    FI504 Sample Case Study 3 on Cash Budgeting Solution It is recommended that you share this solution file in Doc Sharing by the end of Week 5 with your students. The Cambridge Company has budgeted sales revenues as follows: Jan Feb Mar Credit sales $45,000 $36,000 $27,000 Cash sales 27,000 76,500 58,500 Total sales $72,000 $112,500 $85,500 Past experience indicates that 60% of the credit sales will be collected in the month of sale and the

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  • Fi504 Course Project

    Tootsie Roll Industries, Inc. and its subsidiaries manufacture and sell confectionery products in the United States, Canada, and Mexico. It sells its products under various names. The company markets its products to wholesale distributors of candy and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, warehouse and membership club stores, vending machine operators, and the U. S. military and fund-raising charitable

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  • Fi504

    Pedram Sharokhi FI 504 08/23/2008 Hershey Company & Tootsie Roll Company Company History Both the Hershey Company and the Tootsie Roll Company specialize in a wide variety of chocolate candy products. "The Hershey Company is a leading snack food company and the largest North American manufacturer of quality chocolate and non-chocolate confectionery products, with revenues of over $4 billion and more than 13,000 employees worldwide". The Hershey Company originated with the candy manufacturer

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  • Econ Week 1

    9/3/2013 5:15:28 PM | | | I believe this act is very critical in its demand of internal controls for businesses. This keeps a business accountable to operating by important accounting standards which should not be veered from. As discussed in Fi504, internal controls have their place in every business and can keep specific individuals and departments accountable which allows for specific areas of a business to be monitored with precision. If there are errors in a particular department, the head

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  • Fi504 Final Paper

    CHAPTER 13 Financial Analysis: The Big Picture Study Objectives 1. 2. 3. 4. 5. 6. 7. Understand the concept of sustainable income. Indicate how irregular items are presented. Explain the concept of comprehensive income. Describe and apply horizontal analysis. Describe and apply vertical analysis. Identify and compute ratios used in analyzing a company’s liquidity, solvency, and profitability. Understand the concept of quality of earnings. Summary of Questions by Study Objectives and Bloom’s

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  • Fi504

    | | | Form 10-KORACLE CORP - ORCLFiled: June 28, 2011 (period: May 31, 2011)Annual report with a comprehensive overview of the company| | | Table of Contents| | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K | | | | | | | | | | | | | | x| |ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934| | | | | | | For the fiscal year ended May 31, 2011 OR | | | | | | | | |

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  • Fi504 Practice Case Study 2 Internal Controls

    SUBJECT: Evaluation of Internal Controls Mr. Smith, We have completed our assessment of LBJ Company’s system of internal controls. In addition, our firm researched the regulation regarding publicly traded firms in order to provide you with the most current information. Securities and Exchange Commission. “Official U.S. Agency Web Site.” Web. 24 September 24, 2011. Publicly traded corporations are required to implement the guidelines of the Sarbanes-Oxley Act of 2002. This means that

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  • Problem P-54a Fi504

    Your Course Project Financial Statement Analysis Project -- A Comparative Analysis of Oracle Corporation and Microsoft Corporation Here is the link for the financial statements for Oracle Corporation for the fiscal year ending 2007. First, select 2007 using the drop-down arrow labeled for Year on the right-hand side of the page, and then select Annual Reports using the drop-down arrow labeled Filing Type on the left-hand side of the page. You should select the 10k dated 6/29/2007 and choose

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  • Fi504 - Internal Controls

    Internal Controls Report To: CEO/President –LJB Company From: It is important to understand all internal control requirements before the company decides to go public. Internal control systems must cover five primary elements: controlled environment, risk assessment, controlled activities, information and communication and monitoring. The following are internal control requirement activities that LJB Company must implement and maintain to mitigate risk and loss. * Establishment of responsibility

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  • Fi504 Case Study 2

    Case Study 2 FI504 Accounting and Finance for Managerial Use and Analysis Recommendations for LJB Company:  Requirements for Going Public:    A requirement of all publicly traded companies is to comply with the Sarbanes-Oxley Act of 2002. This means that LJB would be required to maintain a system of internal control. The controls must be reliable and effective, which the executives and Board of Directors must monitor. Also, an outside auditor must confirm that the control systems are

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  • Case Study 3

    FI504 Case Study 3 on Cash Budgeting The cash budget was covered during Week 4 when we covered TCO D and you read Chapter 7. There is also a practice case study to work on. Your Professor will provide the solution to the practice case study at the end of Week 5. This case study should be uploaded by 11:59PM Mountain time of the Sunday ending Week 6 to the Week 6 Assignment Dropbox. You are encouraged to use the Excel template file provided in Doc Sharing. The Oxford Company has budgeted sales

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  • Fi504 Case Study Ii

    Swinton & Associates Accounting Firm 6711 14th Street Washington, DC 20310 202-678-0076 November 27, 2011 Mr. John Jones: President LBJ Corporation 100 E Main Street Alexandria, VA 22303 First and foremost, thank you for selecting Swinton & Associates Accounting Firm to evaluate LBJ’s Internal Control Systems. I realize that there are a plethora of accounting firms that you could have chosen therefore; I wanted to express my sincere gratitude for trusting our firm to

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  • Fi504 Exam

    FI504 exam 1. The ACE Company has five plants nationwide that cost $100 million. The current market value of the plants is $500 million. The plants will be recorded and reported as assets at a. $100 million. b. $600 million. c. $400 million. d. $500 million. _____   2. A basic assumption of accounting that requires activities of an entity be kept separate from the activities of its owner is referred to as the a. stand alone concept. b. monetary unit assumption. c. corporate form of ownership

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  • Fi504 Mid Term

    The FI504 Midterm Exam will be an online open-book, open-notes, open-computer exam with a time limit of 2 hours and 30 minutes. It will be worth 150 points or 15% of the course grade. The Midterm Exam is multiple pages and consists of 30 multiple-choice questions, one essay question, and one problem. The multiple-choice questions are worth 3 points each. Some of the multiple choice questions are problem-based. There is also one essay question worth 25 points and one problem worth 35 points. Terminal

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  • Fı504

    Your Course Project Financial Statement Analysis Project -- A Comparative Analysis of Oracle Corporation and Microsoft Corporation Here is the link for the financial statements for Oracle Corporation for the fiscal year ending 2011. First, select 2011 using the drop-down arrow labeled for Year on the right-hand side of the page, and then select Annual Reports using the drop-down arrow labeled Filing Type on the left-hand side of the page. You should select the 10k dated 6/28/2011 and choose

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  • Fi504 Project 2

    Morningstar Document Research FORM 10-K ORACLE CORP - ORCL Filed: June 28, 2011 (period: May 31, 2011) Annual report with a comprehensive overview of the company ® ℠ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2011 OR � TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

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  • Assign

    FI504 Practice Case Study 3 on Cash Budgeting This is a practice case study to help you become familiar with how to create a comprehensive cash budget. The cash budget relates to TCO D and is discussed in Chapter 7. Your Professor will provide the solution by the end of Week 5 in Doc Sharing. The actual case study assignment should be uploaded by 11:59PM Mountain time of the Sunday ending Week 6 to the Week 6 Assignment Dropbox. You are encouraged to use the Excel template file provided in

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  • Fi504 Case Study #3

    If LJB decides to go public the first thing the President needs to about new internal control requirements is the Sarbanes-Oxley Act or SOX. The Sarbanes-Oxley Act is a United States federal law which sets new or enhanced standards for all U.S. public companies. The reason that this SOX bill was created was because a a number of major corporate and accounting scandals. When these scandals happened they cost investors billions in losses because the share prices fell it shook public confidence in

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  • Fi504-Project

    Microsoft 2007  Annual net income = Average Stock Holders Equity= Preferred Stock Divendends= Weighted Average Common Shares Outstanding= Total Current Liabilities= Common Stock Cash Dividends= Stock Holders Equity (Beginning of the period)= Stock Holders Equity (End of the period)= Average Stock Holders Equity= Net Cash from Operation(income)= Capital Expenditures= Total Assets= Cash Dividends Paid= Free Cash Flow= Average Current Liabilities= Average Total Liabilities= Earning Per Share (Basic)A/B=

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  • Fi 504 Case Study

    FI504 Case Study 2 -Internal Control Due by Sunday of week 5, 11:59PM, Mountain Time LJB Company, a local distributor, has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The President wants to be aware of any new regulations required of his company if they go public so he met with a colleague of yours at a local restaurant. The President of the company explained the current system of internal controls to your colleague

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  • Accounting

    Home Page» Business and Management Fi504 Practice Case Study 2 Internal Controls In: Business and Management Fi504 Practice Case Study 2 Internal Controls SUBJECT: Evaluation of Internal Controls Mr. Smith, We have completed our assessment of LBJ Company’s system of internal controls. In addition, our firm researched the regulation regarding publicly traded firms in order to provide you with the most current information. Securities and Exchange Commission. “Official

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  • Ch. 1 Solutions Fi504

    CHAPTER 1 Introduction to Financial Statements ANSWERS TO QUESTIONS  1. The three basic forms of business organizations are (1) sole proprietorship, (2) partnership, and (3) corporation.  2. Advantages of a corporation are limited liability (stockholders not being personally liable for corporate debts), easy transferability of ownership, and easier to raise funds. Disadvantages of a corporation are increased taxation and government regulations.  3. Proprietorships and partnerships

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  • Fi504 Case Study 3

    FI504 Case Study 3 on Cash Budgeting Requirements: 1. Use this information to prepare a Cash Budget for the months of August and September, using the template provided in Doc Sharing. Excel Spreadsheet 2. What are the three sections of a Cash Budget, and what is included in each section? The cash budget is separated into three sections: cash receipts, cash disbursements, and financing (Cenar, 2009). The first section, cash receipts, is exactly what the name implies, which is

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  • Fi504 Course Project 2

    FI504 – Accounting and Finance Case Study #2 Evaluation of Internal Controls Attention Mr. President, The Sarbanes-Oxley Act of 2002 is a United States federal law which sets new or enhanced standards for all U.S. public companies. The reason that this Sarbanes-Oxley Act of 2002 bill was created was because of a number of major corporate and accounting scandals. When these scandals occurred they cost investors billions in losses because the share prices fell it shook public confidence in

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  • Managerial Use & Analysis

    Devry University Professor: - Fritz Attermeier Course: - FI504–Accounting and Finance: Managerial Use & Analysis Project: -Ratio Analysis Group Project by Analysis Report In comparing Hershey’s and Tootsie Rolls Company with respect to Liquidity, Solvency and profitability, we will use data from the financial statements of both the company of the year end December 31st 2008. Among all the three ratios provided in the data sheet i.e. Liquidity, Solvency and Profitability, to

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  • Fi504

    Case Study 2 -Internal Control LJB Company, a local distributor, has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The President wants to be aware of any new regulations required of his company if they go public so he met with a colleague of yours at a local restaurant. The President of the company explained the current system of internal controls to your colleague. Your colleague has since been promoted to a tax

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  • Fi504 Final Essay Questions

    (TCO G) 1. Determine the basic concept of responsibility, accountability, and liability as applied to ethical decisions. How these concepts related? (25 points) Answer: BASIC CONCEPTS: RESPONSIBILITY, ACCOUNTABILITY, AND LIABILITY Ethical choices are decisions made by individuals who are responsible for the consequences of their actions. Responsibility is a key element of ethical action. Responsibility means that you accept the potential costs, duties, and obligations for the decisions you make

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  • Finance and Accounting Midterm Study Guide

    The FI504 Midterm Exam will be an online open-book, open-notes, open-computer exam with a time limit of 2 hours and 30 minutes. It will be worth 150 points or 15% of the course grade. The Midterm Exam is multiple pages and consists of 30 multiple-choice questions, one essay question, and one problem. The multiple-choice questions are worth 3 points each. Some of the multiple choice questions are problem-based. There is also one essay question worth 25 points and one problem worth 35 points. Terminal

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  • Cambridge Company Cash Flow

    FI504 Sample Case Study 3 on Cash Budgeting Solution It is recommended that you share this solution file in Doc Sharing by the end of Week 5 with your students. The Cambridge Company has budgeted sales revenues as follows: Jan Feb Mar Credit sales $45,000 $36,000 $27,000 Cash sales 27,000 76,500 58,500 Total sales $72,000 $112,500 $85,500 Past experience indicates that 60% of the credit sales will be collected in the month of sale and the remaining 40%

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  • Fi504

    The FI504 Final Exam will be an online open-book, open-notes, open-computer exam with a time limit of three hours and 30 minutes. It will be worth 250 points or 25% of your course grade. The Final Exam is two pages long and will consist of 14 multiple-choice questions worth five points each and six essays worth 30 points. Some of the multiple-choice questions are problem-based. Of the six essays, five of the essays are problem-based since this is an Accounting course. Terminal Course Objectives

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  • Paper

    FI504 Case Study 3 on Cash Budgeting The cash budget was covered during Week 4 when we covered TCO D and you read Chapter 7. There is also a practice case study to work on. Your Professor will provide the solution to the practice case study at the end of Week 5. This case study should be uploaded by 11:59PM Mountain time of the Sunday ending Week 6 to the Week 6 Assignment Dropbox. You are encouraged to use the Excel template file provided in Doc Sharing. The Oxford Company has budgeted sales

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  • Fi504 Case Study 2

    LJB COMPANY: Internal Control Review I. NEW INTERNAL CONTROL REQUIREMENTS FOR GOING PUBLIC Sarbanes-Oxley Act of 2002 (SOX), enacted on July 29,2002, is a United States Federal law that imposed new rules and regulations for all US public companies. Under SOX Section 404, all publicly listed corporations are required to maintain an adequate system of internal control. Under SOX, corporate executives and the board of directors are personally responsible for making sure that the internal

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