ACC 561 Complete Couse

Week 1

Individual Assignment: Guillermo Furniture Store Scenario

Resource: Guillermo Furniture Store Scenario

Read the Guillermo Furniture Store Scenario.

Write a paper in no more than 700 words explaining the following:

How could Guillermo use budgets and performance reports in his decisionmaking process?

How might ethics influence his accounting decisions?

What accounting information is most relevant for Guillermo to consider when making decisions?

Format your paper consistent with APA standards.

Week 2

Learning Team Assignment: Financial Statement Analysis

Choose three companies, one from each of the following three sectors: manufacturing, service, and retail sales. One company must be foreign.

Compute the quick and current liquidity ratios, the DuPont ratio, profit margin, asset utilization, and financial leverage of each of the three companies.

Write a paper in no more than 1,050 words discussing how differences in the industries and different IASB and FASB measurement conventions affect presentations. If one of the companies uses the cash basis of accounting, how would that differ from the accrual basis?

Format your paper consistent with APA standards.

Assessed Discussion Question

In what ways do the elements of the four financial statements (The four main financial statements being: balance sheet, the income statement, the statement of cash flows, and the statement of changes in owners equity.) interact with one another? How might changing one of the financial statements affect the other financial statements? Why is it essential to understand the relationship between the financial statements?

Week 3

Individual Assignment: Practice Text Exercises

Resource: Introduction to Management Accounting

Complete the following problem sets from the text:

Question 2-48, CVP and Financial Statements for a Mega-Brand Company, on p. 82

Question 2-61, CVP in a Modern Manufacturing Company, on p. 87

EXCEL Application Exercise, CVP and Break-Even, on p. 89

Question 3-38, Mixed Cost, Choosing Cost Drivers, and High-Low and Visual-Fit Methods, on p. 121-122

Learning Team Instructions: Guillermo Furniture Store Paper

Review the Week Six Assignment and begin working on the cost relationships and behaviors section for the Guillermo Furniture Store Paper.

Assessed Discussion Question: Aunt Connies Cookies Simulation

Resource: Aunt Connies Cookies simulation

Complete the Aunt Connies Cookies simulation located on the student website.

Reflect on the prerogatives and choices of the manager of Aunt Connies Cookies.

Write a paper in no more than 700 words explaining how Aunt Connies Cookies could use cost accounting systems to determine its product costs.

Week 4

Learning Team Assignment: Guillermo Furniture Store Analysis

You are the analyst for Guillermo Furniture Store. You are asked to revise the stores flex budget by using Excel. Assume Guillermo continues doing business with his current budget.

Write a budget in no more than 700 words that includes risks associated with sales forecasts and an analysis of ethical considerations in the preparation and subsequent use of the budget. Consider how the organizations code of ethics requires an ethics analysis for any performance tool.

Format your paper consistent with APA standards.

Assessed Discussion Question: Master Budget

The master budget is a detailed and comprehensive analysis of an organizations long- and short-term goals. Identify the major inputs to the master budget and the usefulness of each. Additionally, why would a company need to create a master budget? What are the advantages and disadvantages?

Week 5

Individual Assignment: Text Exercises

Resource: Introduction to Management Accounting

Complete the following problem sets from the textbook and show your work.

EXCEL Application Exercise 12-59, Allocating Costs Using Direct and StepDown Methods, on p. 584

Question 13-B3, Comparison of Variable Costing and Absorption Costing, on p. 617

Question 13-45, Variable and Absorption Costing, on p. 621

Question 13-48, Overhead Variances, on p. 622

Question 13-49, Variances, on p. 622

Week 6

Individual Assignment: Final Exam

Resources: Final exam and assigned readings from all weeks

Select the link to the final exam on your student webpage. The exam is available from the end of Week Five through the end of Week Six.

Complete the final exam. Only one attempt is allowed, which is timed and must be completed in 3 hours. Results are auto-graded and sent to your facilitator. Note. Final exam questions are adapted from Introduction to Management Accounting.

Learning Team Assignment: Guillermo Furniture Store Paper

Resource: Guillermo Furniture Store Scenario

Review the Guillermo Furniture Store Scenario.

Write a paper in no more than 1,400 words in which you explain the following:

How do the cost relationships and behaviors at Guillermo Furniture Store determine decision-making prerogatives for the manager?

What control system might Guillermo use to help it achieve his stores organizational goals?

Provide a break-even analysis on the current situation considering the possible effects of selling the flame-retardant separately. This must be presented in at least one table.

Compute the return on investment, residual income, and economic value added for the current situation.

Format your paper consistent with APA standards.