ACC 315 6-2 Problem Set Question 3 of 7

6 Advisors need to balance their time between researching very specific investments seeking new clients staying current on the news and economy outsourcing back office tasks justifying fees to clients and

Question #66:  Lamar LLC is in the process of updating its revenues and receivables systems with the implementation of new accounting software. James Loden, Inc. is an independent information technology consultant who is assisting Tamar with the project. James has developed the following checklist containing internal control points that the company should consider in this new implementation: Will all data entry clerks and accounting personnel have their own PCs with log‐in IDs and password protection? Will different system access levels for different users be incorporated? Will customer orders be received via the Internet? Has the company identified an off‐site alternative computer processing location? Does the project budget include line items for an upgraded, uninterrupted power source and firewall? Required: In a two (2) page response, describe the control purpose for each point presented in the case.

Provide a short narrative of your analysis of the problem. Explain what theories/ concepts apply, how, and why. Then present the solution/computation. Write a short narrative explaining the meaning of the final answer - its implication to the firm. Write a short recommendation/conclusion based on the analysis and solutions. You solved a current problem only. How can you provide for the future? What about contingencies that may arise? What proactive measures can you take?

Font Spac. Heading 1 Heading 2 Title Subtit Paragraph - isn't genuine, and you may be a victim of software counterfeitīng. Avoid interruption and keep your files safe with genuine Office today. Styles Get genuine Office Question 2 You are being appointed as the financial manager of Energy-X Bhd Your first task is to assess the efficiency and the leverage situation of the firm and how it affects the profitability of the firm. The financial records of the past two years had been compiled for the analysis as given below: Energy-X Balance Sheet (RM millions) as at December 31, 2019 and 2020 2019 2020 Assets Cash Accounts receivable Inventory Net fixed assets Total Assets 11 139 291 625 107 198 550 864 1066 Liabilities & Equities Accounts payable Long-term debt Common equity Total liabilities and equity 88 353 423 1066 101 488 477 864 Energy-X Income Statement (RM million) as at December 31, 2019 and 2020 2019 2020 Sales COGS 1100 792 308 1250 875 Gross profit Operating expenses Operating…

GP You Write a post providing us with the context for the resources of adopting innovative technologies that can lead to streamlined processes, real-time insights, and increased focus on strategic planning technological advancements in the accounting and finance profession have required finance professionals to adapt and expand their skill sets. Those who can adapt can support business growth and discover better career opportunities selected by identifying the field of study of accounting and finance and specifying an associated profession if relevant. Explain in two separate sections how this could be applied to the criteria of validity checklist to determine the validity of each resource. Try to be as thorough as possible with the questions listed under each heading on the checklist. If unable to make a determination about any of the criteria, be sure to explain that, too.

QUESTION 2 "Internal audit is process improvement and optimisation," says ICAEW member Abigail Harper who sits on ICAEW's internal audit panel. She is an internal audit expert, specialising in the hospitality industry. "When you are looking at the control around due diligence for suppliers, you can use artificial intelligence to collect data, such as credit score ratings. Environmental, Social and Governance (ESG) questionnaires and queries around capacity and scalability to support growth plans, but a human can still decide. Thresholds and criteria can be built within systems that suppliers are automatically approved when met. However, there will always be instances where you have to discuss the exceptions and make decisions." This can be applied broadly - such as employee hiring scenarios or performing employee and supplier performance reviews. (Source: https://www.icaew.com) Required: b. Clarify the difficulties auditors are experiencing nowadays while performing an information…

QUESTION 2 "Internal audit is process improvement and optimisation," says ICAEW member Abigail Harper who sits on ICAEW's internal audit panel. She is an internal audit expert, specialising in the hospitality industry. "When you are looking at the control around due diligence for suppliers, you can use artificial intelligence to collect data, such as credit score ratings. Environmental, Social and Governance (ESG) questionnaires and queries around capacity and scalability to support growth plans, but a human can still decide. Thresholds and criteria can be built within systems that suppliers are automatically approved when met. However, there will always be instances where you have to discuss the exceptions and make decisions." This can be applied broadly - such as employee hiring scenarios or performing employee and supplier performance reviews. (Source: https://www.icaew.com) Required: a. Discuss why auditors need to know information technology to support the auditor's judgment on…

Question A   What do the historical M&A data tell us about the fintech landscape? Which other alternatives could this bank focus on to create value in the fintech space?  Full explain this question and text typing work only     We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line

Revisit Choose the best option Question # 25 A Report a Problem O firm, individual While redefining management phenomena, the management accounting professionals have to focus on the and the O past, present O issues, solutions innovation, systems +91 80 4719 0917 Deepanshu | Support +1 650-924-9221 metti Type here to search f9 144 f6 f5 f4 f3 IOI f2 & 7 SC 6. %23 3 5 @ 2 4 1 %24

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quick plz You are a trainee accountant in an audit firm. A more senior trainee has been on sick leave, and you are due to go on study leave. You have been told by your manager that, before you go on leave, you must complete some complicated work. The deadline is very near. You feel that you are not  experienced to complete the work alone. You would need additional help to complete it to the required standard, and your manager appears unable to offer the necessary support. If you try to complete the work within the proposed deadline but with lower quality, you could face problems later You feel slightly intimidated by your manager, and also feel pressure to do the work. Which of the below fundamental principles of professional ethics is affected -  a. The reputation of the audit firm may be affected if you try to perform the work and will be against professional behavior. b. You should consider how best to raise the matter with an expert person from your professional body (ACCA). This…

> Week 9 Assignment 9.4 Assignment 9.4 - BUSINESS PLAN Upload your assignment through the link provided in this week's assignments folder. The financial and accounting statements provide the information needed to measure the projected success of the business plan. The recipient of the business plan will want to have an understanding of this information in assessing the performance of the proposed business plan. The two questions to answer are the following: a. What information will be needed to develop the accounting and financial statements. b. What information is needed to explain the importance of these statements to the other business functions. The discussion shall be approximately 1½ to 2 pages in length, doubled space, using a size 12 font. Any direct quotes or the paraphrase of unique thoughts of others should be properly cited and referenced using general APA

Direction: Read the case and provide what is required. 1. A new system development project is being planned for Consti Corporation. The invoicing, cashreceipts, and accounts payable modules are all going to be updated. You are the controller of ConstiCorporation, and you are a little anxious about the aforementioned project. The last systemsdevelopment project that affected your department was not very successful, and the employees in theaccounting department did not accept the new system very well at first. You feel that the systemspersonnel did not interact sufficiently with the users of the systems in the accounting department.Required: Prepare a memo that you will send to Anna Marie, the head of the information systemsdepartment. In the memo, provide some suggestions about the new project, including your concernabout the accounting personnel in the systems development project. Give persuasive arguments whyprototyping would be helpful to the workers in the accounting department.  2.…

Directions: 1. Read and analyze the given scenario. 2. With the goal and role of financial management in business in mind, determine whether the project should be continued or abandoned. Use the following facts and figures below as your reference. 3. Present your recommendation and explain the reasons in 4-6 sentences. 4. Write your answer on the blanks provided. Company A accepts a project to create a Learning Management System (LMS) for a big client. This company also creates and produces online training materials such as digital videos and ebooks. The LMS project itself has a projected revenue of $850,000. So far, the expenses amounting to $600,000 have been incurred by Company A on the project. This is way beyond the allocated budget. Due to this, the management contemplates on whether the project should still be continued. 1. Customized Software/Program Already purchased for $80,000 (apart from the $600,000 mentioned above), this software cannot be used for any other products of…

Answer the Below Question A company is considering whether to adopt a new accounting software system. Discuss the potential benefits and challenges of implementing new accounting software. What factors should the company consider when selecting a software system? How can the company ensure a successful implementation and minimize disruption to its operations?

Ma1. Suppose you are hired as a consultant for a new venture in the financial services sector, explain five reasons why they should conduct an EPS/EBIT analysis during the strategy implementation phase.

financial management ch 15 hw please show work. question 10 ​(EBIT-EPS analysis)  Three recent graduates of the computer science program at the University of Tennessee are forming a company that will write and distribute new application software for the iPhone. ​ Initially, the corporation will operate in the southern region of Tennessee, Georgia, North​ Carolina, and South Carolina. A small group of private investors in the​ Atlanta, Georgia area is interested in financing the startup company and two financing plans have been put forth for​ consideration:   • The first​ (Plan A) is an​ all-common-equity capital structure.   ​$2.5 million dollars would be raised by selling common stock at ​$20 per common share.   • Plan B would involve the use of financial leverage.   ​$1.1 million dollars would be raised by selling bonds with an effective interest rate of 10.6 percent​ (per annum), and the remaining ​$1.4 million would be raised by selling common stock at the ​$20 price per share.…