Assignment 1: Setting up a Financial Statement

As a nonaccounting manager, you will examine your company’s financial statements as well as the financial statements of other companies. You must be able to recognize differences in these statements and have a general understanding of the various accounts listed on each statement.

In this assignment, you will determine the nature of various financial statement accounts, using the example of Compnet International.

 

Part II: Summary

After completing the computations on each of the three financial statements, provide a 1-page summary of the trends that you have observed. Describe the material trends by the category of accounts. Did that category of account increase, decrease, and if so by what amount and percentage. Remember to only discuss the major or material trends that you have observed.

Submission Details:

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Q1. Imagine you are working as a deputy manager in ‘Universal Business Equipment (pvt.) Ltd.’. Your organization has organized an annual function where big announcements are expected from the Chief Executive. The mega day has approached and your name has been announced among the few fortunate people who have got 50% raise on their salaries. In the middle of your jubilation, you hear another announcement calling you on the stage to express your feelings about the increment. Oops! You are an introvert by birth and have never seen audience from rostrum and now you not only have to see them but to speak to them also and the worst thing is you have to speak IMPROMPTU. What will you say on the stage? Write your impromptu speech in 150-200 words. (10 Marks)

Q2. Read the following passage carefully. Underline five signaling techniques mentioned in the passage. Which signaling technique do you think is the most important in making the presentation message clear, captivating and persuasive? Give TWO reasons to support your point of view.

 

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In 150 words write your thoughts on this discussion

This weeks forum is very challenging, financial reporting is a crucial aspect of any business. I personally started my own business and it has been extremely hard for me. Financial reporting is the life blood of any business or organization. When you start a business,finances are the key aspect of success and require a significant amount of success. Auditing is a key ingredient of financial reporting, without an audit you can't have a clear picture of what your business is driving. I would personally find it difficult for any business to succeed without a healthy analysis of how the organization is doing. Auditing provides an transparent analysis on how a business is doing. When we discuss numbers, business, organizations, we also have to look at how much finances are attached. This weeks forum brings to mind many factors that are crucial for any organization to succeed. First, we have to look at how much finances the organization is capable of spending. Any business that wants to succeed has to invest in the current market. I do recall many times businesses that were audited and were not investing in markets that were not relevant. Auditing is also correlates to being transparent. I have been managing my business for a few years and never been audited. When a business is not running their numbers in a honest and transparent method, then auditing becomes more obvious. I would encourage anyone who is managing their own business to make sure that auditing is part of their normal routine an that they continue this process. I am a really big fan of this weeks forum because I am finally managing my own business.

 

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Use TreePlan to solve this problem in Excel and submit your Excel spreadsheet here

Use TreePlan to solve this problem in Excel and submit your Excel spreadsheet here

Use TreePlan to solve this problem in Excel and submit your Excel spreadsheet here

. The Americo Oil Company is considering making a bid for a shale oil development contract to be awarded by the federal government. The company has decided to bid $112 million. The company estimates that it has a 60% chance of winning the contract with this bid. If the firm wins the contract, it can choose one of three methods for getting the oil from the shale. It can develop a new method for oil extraction, use an existing (inefficient) process, or subcontract the processing to a number of smaller companies once the shale has been excavated. The cost of preparing the contract proposal is $2 million. If the company does not make a bid, it will invest in an alternative venture with a guaranteed profit of $30 million. Construct a sequential decision tree for this decision situation and determine whether the company should make a bid.

The results from these alternatives are as follows

Use TreePlan to solve this problem in Excel Develop new process Profit ($1,000,000s) Probability Outcomes $600 Great success 30 Moderate success .60 300 Failure 10 -100 Use present process: Profit ($1,000,000s) Outcomes Probability .50 $300 Great success Moderate success 30 200 Failure 20 -40 Subcontract: Profit ($1,000,000s) Outcome Probability Moderate success 250 1.00

 

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