A start-up company often engages in the following activities during its first year of operations. Classifyeach of the following activities into one of the three major activities of an organization.F. Financing I. Investing O. Operating Obtaining a bank loan
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A start-up company often engages in the following activities during its first year of operations. Classify
each of the following activities into one of the three major activities of an organization.
F. Financing I. Investing O. Operating Obtaining a bank loan
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- Determining organizations that govern accounting Suppose you are starting a business, Wholly Shirts, to imprint logos on T-shirts. In organizing the business and setting up its accounting records, you take your information to a CPA to prepare financial statements for the bank. Name the organization that governs the majority of the guidelines that the CPA will use to prepare financial statements for Wholly Shirts. What are those guidelines called?The first step in the incorporation of a business firm is to a. select the state of incorporation. b. identify the appropriate market and adopt a business plan. c. hold the first organizational meeting. d. secure promises of financial support from potential investors.Please analyze, assess, and synthesize the Annual Report or Form 10-K or Form 20 - F (whatever they call it in that jurisdiction) of the company you choose. You can usually find it on the Company's website in Investor R. Introduction 2. Industry situation and company plans A. Management Letter B. B. Review Company's Products and Services 3. Financial Statements A. Income Statement B. Cash Flow Statement C. Balance Sheet D. Accounting Policies 4. Financial Analysis & Ratio A. Financial Analysis B. Ratio C. Market Indicator Financial Ratios 5. References 6. Complete Calcuation of Part 4 in excelLimi
- Which of the following is an internal user of a company's financial information? a. company treasurer b. stockholder in the company c. bank lending to the company d. union Which characteristics applies more to financial accounting than to managerial accounting? a. primarily segmented reports b. primarily quantitative information c. internal decision focus d. statement format determined by companyConduct an in-depth analysis of the Bank of St. Vincent and the Grenadines Ltd financial reporting practices and asset management strategies. Here is the report: BOSVG-Audited-Consolidated-Financial-Statements-FYE-December-31-2022.pdf (ecseonline.com) Using the report evaluate the following: Working Capital Management:a) Assess the company’s working capital position by analyzing its current assets and liabilities using common methods and measures. b) Evaluate the efficiency of the company’s working capital management strategies, including inventory management, accounts receivable, and accounts payable.c) Based on your assessment and evaluation above, provide brief recommendations in point form for improving the company’s working capital management practices.Please choose a public company financial statement, a 10k or an annual report. Review the footnote disclosures related to intercompany activity. How important is this activity to the consolidated group? Where do you find this information? Be sure to post a link or attach the document to your posting.
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- 4. Match the description with its appropriate term. Group choices: a. Chief Financial Officer b. Financial Analyst c. Enrolled Agent d. Chief Executive Officer e. Controller f. Cash Managemnet Accountant Has responsibilities that include transferring monies between accounts and monitoring deposits? The corporation officer who has the overall responsibility of the management of a company? A corporate officer who reports to the chief executive officer and oversees all of the accounting and finance concerns of a company? The financial officer of a corporation reporting to the chief financial officer who is responsible for the accounting records and financial statements? A credential focusing on a career in taxation created by the IRS to signify significant knowledge of the US tax code? Someone who assists in preparing budgets, tracking actual costs and performs other tasks that support other management personnel in organizing forecasts and projections?Financial accounting prepares the general purpose statements profit and loss account and balance sheet, select the people who are the main users of these statements of an entity? a. People those who are working in that entity b. All of these c. People those who provided loan to that entity d. People those who purchased the shares of that entityAs a Finance Manager of the company you are required to: Requirement : 1 Calculate the following from the Balance Sheet: A Total fixed assets B Total long term liabilities C Total current assets D Total current liabilities E Shareholders’ funds F Capital employed