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管理会计入门|INTRODUCTION TO MANAGEMENT ACCOUNTING ACFI102代写

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Assignment-daixieTM为您提供利物浦大学University of LiverpoolINTRODUCTION TO MANAGEMENT ACCOUNTING ACFI102管理会计入门代写代考和辅导服务！

Instructions:

Management accounting is a type of accounting that provides financial and non-financial information to management for the purpose of planning, controlling, and decision-making. The information generated by management accounting is primarily for internal use by managers to make strategic decisions that will benefit the organization. Unlike financial accounting, which focuses on external reporting and compliance, management accounting is geared towards providing timely, relevant, and accurate information to managers within an organization.

The purpose of management accounting is to assist management in making informed decisions that will improve the organization’s performance. Management accounting techniques and tools are used to analyze financial and non-financial information to provide insights into the organization’s operations and performance. This information is then used to develop strategies, set budgets, monitor performance, and make decisions that will optimize the organization’s resources and achieve its goals.

In summary, the purpose of management accounting is to provide relevant and timely information to managers to help them make informed decisions that will improve the organization’s performance. By using management accounting techniques and tools, managers can analyze financial and non-financial data to identify areas for improvement, set goals, and make decisions that will optimize the organization’s resources and achieve its objectives.

管理会计入门|INTRODUCTION TO MANAGEMENT ACCOUNTING ACFI102代写

问题 1.

Use financial statement information for Coca-Cola to answer parts $a$, $b$ and $c$ of this question.
For this financial data, please see the Income Statement and Balance Sheet (pp. 51-53) from: The Coca-Cola Company. “United States Securities and Exchange Commission Form 10-K.” 27 February 2004. Available at: http://www.coca-cola.com/ (accessed July $31,2004)$

Use financial statement information for Coca-Cola and PepsiCo to answer parts $d$ and e of this question.
For this financial data, please see the Income Statement and Balance Sheet (pp. 58 and 60) from: PepsiCo. “PepsiCo 2003 Annual Report.” 9 February 2004. Available at: http://www.pepsico.com/ (accessed July 31, 2004).
A. Using information from the financial statements for Coca-Cola, compute the current ratio and the quick ratio for 2003 .

证明 .

Current ratio $=$ current assets $/$ current liabilities $=8,396 / 7,886=1.06$
Quick ratio $=($ cash + receivables $) /$ current liabilities $=(3,362+2,091) / 7,886=0.69$

问题 2.

B. What is your analysis of the short-term liquidity of Coca-Cola?

证明 .

From the class slides, we know that an adequate current ratio is around 2 . Coca-Cola’s current ratio is well-below that target ratio, therefore the company needs to improve its shortterm liquidity situation. Nevertheless, Coca-Cola still meets the “minimum” current ratio of 1; however, the quick ratio is well-below an optimum ratio of 1 . Given the company’s immense brand power, this might only cause slight concern among analysts and investors, but Coca-Cola’s management should take some actions to solidify its short-term liquidity.

问题 3.

C. Using information from the financial statements for Coca-Cola, compute the interest coverage ratio 2003 .

证明 .

Interest coverage ratio $=($ Net income + interest expense + tax expense $) /$ interest expense $=$
$$
(4,347+1,148+178) / 178=31.8
$$

这是一份2023年的利物浦大学University of Liverpool INTRODUCTION TO MANAGEMENT ACCOUNTING ACFI102管理会计入门代写的成功案例

财务会计入门|INTRODUCTION TO FINANCIAL ACCOUNTING ACFI101代写

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Assignment-daixieTM为您提供利物浦大学University of Liverpool INTRODUCTION TO FINANCIAL ACCOUNTING ACFI101财务会计入门代写代考和辅导服务！

Instructions:

Financial statements are formal reports that summarize a company’s financial activities and performance. They are prepared at the end of a reporting period, typically monthly, quarterly, or annually, and provide important information to investors, creditors, and other stakeholders about a company’s financial health.

The three main financial statements are:

  1. Income Statement: This statement shows a company’s revenues, expenses, and net income or loss for a specific period. The income statement helps to measure the profitability of a company.
  2. Balance Sheet: This statement reports a company’s assets, liabilities, and equity at a specific point in time. The balance sheet shows the financial position of a company.
  3. Statement of Cash Flows: This statement shows the cash inflows and outflows of a company for a specific period. The statement of cash flows helps to assess a company’s liquidity and cash flow management.

To prepare financial statements, companies must first record financial transactions. This involves the use of accounting systems, such as bookkeeping, to capture and classify financial transactions into appropriate accounts. The two primary methods of accounting are:

  1. Cash Basis Accounting: This method records revenue and expenses when cash is received or paid out.
  2. Accrual Basis Accounting: This method records revenue and expenses when they are earned or incurred, regardless of when the cash is received or paid out.

In addition to recording financial transactions, adjusting entries must be made to account for items such as accruals, prepayments, and depreciation. These adjustments ensure that financial statements reflect the true financial position and performance of a company.

Finally, financial statements are prepared by aggregating the financial data recorded and adjusted during the period. This involves organizing the data into appropriate categories and presenting it in a format that is clear and easy to understand. Financial statements are typically audited by independent auditors to ensure their accuracy and completeness.

财务会计入门|INTRODUCTION TO FINANCIAL ACCOUNTING ACFI101代写

问题 1.

On January 1, 2005, Golf Tee Inc. will acquire a vehicle from a car dealership for $\$ 50,000$. The dealership offers to lease the vehicle to Golf Tee Inc. for five years with payments of $\$ 12,462$ due on December 31 of each year. The expected resale value of the car after five years is $\$ 0$, and the borrowing rate for Golf Tee Inc. is $12 \%$.

A. By simply examining the terms, do you believe this lease qualifies as a capital lease or an operating lease? Explain.

证明 .

Capital Lease, because “the expected resale value of the car after five year is $\$ 0$ “, which means that the useful life of the car is five years Golf Tee Inc. leases the whole useful life of the car.

问题 2.

B. What borrowing rate is the car dealership charging Golf Tee Inc.? Is it $10 \%, 12 \%$, or $14 \%$ ? Explain.

证明 .

Answer 1) $12 \%$. It is the borrowing rate for Golf Tee Inc. If the car dealership charges more than $12 \%$, then Golf Tee can go borrow the money from its bank and purchase the car. Therefore, $12 \%$ is the highest rate the car dealership can charge Golf Tee.

Answer 2) $8 \%$. Since Golf Tee leases five years out of the five years useful life of the car, the market value of the car has to be equal to the present value of the lease payments.
$50,000=\$ 12,462 *$ PVOA(r, 5 periods)
PVOA(r, 5 periods $)=4.0122$
$\mathrm{r}=8 \%$ (approximately)

问题 3.

C. Assuming the borrowing rate is $12 \%$, and assuming the lease qualifies as an operating lease, provide the journal entrees for Golf Tee Inc. for the first two years of the lease.

证明 .

12/31/: Dr. Rent Expense \$12,462
$$
\text { Cr. Cash } \$ 12,462
$$
$2^{\text {nd }}$ year: Dr. Rent Expense $\$ 12,462$
Cr. Cash $\$ 12,462$

这是一份2023年的利物浦大学University of Liverpool INTRODUCTION TO FINANCIAL ACCOUNTING ACFI101财务会计入门代写的成功案例