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WMBA6070
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Finance
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Feb 20, 2024
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Module 1 Assignment:
Financial Management Decision Making
Report prepared by: Date: January 14, 2024
Walden University
WMBA 6070: Managerial Finance
1
Company Profile, Part 1
Aflac Incorporated is the largest supplemental American insurance company known in the United States. Aflac Inc. was founded in Columbus Georgia by two brothers Paul Amos, John Amos, and Bill Amos. Aflac is an insurance company known for providing supplemental insurance to customers that offers them financial protection against any illness or accidents. In any of the following events, Aflac pays cash benefits to all policyholders who have policies for supplemental insurance when injured or ill.
Aflac provides supplemental insurance as additional coverage that helps with out-of-
pocket expenses that’s not covered by your primary insurance company. Aflac is known as an optional or voluntary insurance company that benefits individuals daily; the company offers their
supplemental coverage as financial safety precautions to customers. Not only does Aflac provide services to individuals but businesses and families as well. Aflac has a host of supplemental coverages such as accident insurance, vision, short-term disability, cancer, critical, life, etc. Nasdag
Nasdag, known as “National Association of Securities Dealers Automated Quotations,” is
the global electronic marketplace for selling and buying securities (Hayes, A. 2023). Nasdag is a stock exchanges with headquarters in New York that operates a clearing house, over 20 markets that has five central securities in Japan and the United States. As of today, Aflac has a Nasdag of 82.74 USD.
Mission & Vision Aflac mission and vision is to provide financial protection to their policyholders and customers through their subsidiaries. Aflac vision was to build research and donate money to 2
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Related Questions
TAKING IT TO THE NET G1
BTN 18-3 Managerial accounting professionals follow a code of ethics. As a member of the Institute of Management Accountants, the
managerial accountant must comply with standards of ethical conduct.
Required
1. Read the Statement of Ethical Professional Practice posted at IMAnet.org. (Under "Career Resources" select "Ethics Center," and
then select "IMA Statement of Ethical Professional Practice.")
2. What four overarching ethical principles underlie the IMA's statement?
3. Describe the courses of action the IMA recommends in resolving ethical confilicts.
Activate Windows
Go to Settings to a Page 6
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Match the words with the term.
Question 7 options:
12345
insurance
12345
guarantees
12345
ability to repay loan
12345
status of industry
12345
integrity
1.
capacity
2.
collateral
3.
coverage
4.
character
5.
conditions
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34
National Detergent Company SAOG evaluate their financial performance through various reports which are provided to them. Find out one of the following accounting prepare and provide special types of reports which are used by the top level management of an organization?
a.
Cost accounting
b.
In All these accounting
c.
Management accounting
d.
Financial accounting
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Short Answer Essay Question:
DAS
• Understanding Fundamentals of Personal Finance
• Career Planning
• Financial Statements, Tools, and Budgets
• Managing Income Taxes
• Managing Checking & Savings Accounts
• Building & Maintaining Good Credit
• Credit Cards & Consumer Loans
• Vehicles & Other Major Purchases
What are three key things you have learned from any of the areas above, that you have adopted in your own personal financial
management practices?
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Question 8
What are the educational requirements to receive a CPA certificate in the State of Connecticut?
A Master's Degree, 150 total credit hours, 36 credit hours in accounting, 36 credit hours in economics or general business courses
A Baccalaureate Degree, 150 total credit hours, 36 credit hours in accounting, 36 credit hours in economics or general business courses
A Baccalaureate Degree, 150 total credit hours, 36 credit hours in accounting, 30 credit hours in economics or general business courses
A Master's Degree, 150 total credit hours, 36 credit hours in accounting, 30 credit hours in economics or general business courses
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QUESTION 25
One of the reasons that businesses use accounting is it:
O a. supplies information that permits informed judgements and decisions
Ob.s casy to understand product information
Ocs required by the government
d. is a simple way to track company performance
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3
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aims to identify, record, and communicate information about
business activities. It helps assess opportunities, products,
investments, and social and community responsibilities.
Users of accounting are both internal and external. Some
users and uses of accounting include (a) managers in
controlling, monitoring, and planning; (b) lenders for
measuring the risk and return of loans; (c) shareholders for
assessing the return and risk of stock; and (d) employees for
judging employment opportunities. Opportunities in
accounting include financial, managerial, and tax accounting.
Csuterstack/Fory burrow
OGlow Asia/Saperstock
130s
:00/ 0:58
1x
CC
Knowledge Check 01
Match the term and the definition.
Definition
The recording of transactions and events only, either manually or electronically.
An information and measurement system that identifies, records, and communicates relevant,
reliable, and comparable information about an organization's business activities.
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e 1:E1
OMANTEL
Practice (page 5 .
...
moodle.nct.edu.om
P Flag question
Timely payment of taxes comes under
objective of financial
managment
a. Social Objectives
b. Research Objectives
c. None
d. Basic objectives
e. Operational Objectives
العربية
الإنجليزية
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e 1:E1
OMANTEL
Practice (page 4 .
...
moodle.nct.edu.om
Timely availability of requisite finances
objective of
comes under
financial managment
a. Social Objectives
b. None
c. Research Objectives
d. Operational Objectives
e. Basic objectives
Previous page
Next page
II
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M1
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24
The Investment in Branch is presented as:
Group of answer choices
Equity of the home office
Asset account of the home office
Liability of the home office
Contra-liability account of the home office
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Quiz Q10
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Question 15
Which 2 management report templates will be seen by default when
accessing a client's books via QuickBooks Online Accountant?
Expanded company financials
Sales performance
Basic company financials
Expenses performance
Company overview
Profitability performance
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Chapter 1 Strategic Cost Management and Management Accounting
PROBLEMS
1.1
Enumerate the four areas covered by Standards of Ethical Conduct for Manageme
Accountants and how these areas are defined?
On
on
1.2
lanno
Consider the following short descriptions. Indicate whether each description more
closely relates to a major feature of financial accounting (use FA) or management accounting
(use MA)
a. Behavioral impact is secondary
b. Is constrained by generally accepted accounting principles
c. Has a future orientation
d. Is characterized by detailed reports
e. Field is more sharply defined
f. Has less flexibility
on
1-3
For each of the following, indicate whether the employee has line (L) or staff (S)
responsibility
a. Production superintendent
b. Cost accountant
C. Market research analyst
d. District sales manager
Head of the legal department
f. President
e.
Financial accounting information and management accounting information have a
number of distinguishing characteristics.
1-4
1.…
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case: IFRS Reporting
Visit the International Financial Reporting Standards (IFRS) Foundation and the International Accounting Standards Board (IASB) website at www.ifrs.org. Under the IFRS tab, click on “Use around the world,” or “Who uses IFRS” and complete the instructions below.
Instruction:
1. Select a country of your choice and prepare a report summarizing the extent to which full IFRS and IFRS for Small and Medium-Size Enterprises (SMEs) are used in that jurisdiction.
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Use the following information for the next three questlons:
Entity A, a manufacturing entity, obtains insurance against product liability from Entity B, an
insurance company. Entity B then cedes the insurance contact with Entity C, another insurance
company.
1. How does Entity B account for the insurance contract with Entity A?
General model
Premium Allocation Approach
Ca or b
d. Not accounted for under PFRS 17
How does Entity C account for the insurande contract ceded by Entity B?
General model
Premium Allocation Approach
a or b
d. Modification to general model för reinsurance contracts held
3 How does Entity B account for the insurance contract ceded to Entity C
General modet
Premium Allocation Approach
a or
Modification to geheral model for reinsurance contracts held
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Contribution is the difference between sales and the marginal (variable) cost of sales.
Select one:
O True
O False
ge
Next pa
Attempt An Exam
Jump to...
FINAL EXAM-
ere to search
4 6
5 61 7 Y 8A9
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>
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
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Identify and explain TEN (10) technological advancement that will be able to assist theroles of accountants post Covid-19
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SEE MORE QUESTIONS
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Accounting Information Systems
Finance
ISBN:9781337552127
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Related Questions
- TAKING IT TO THE NET G1 BTN 18-3 Managerial accounting professionals follow a code of ethics. As a member of the Institute of Management Accountants, the managerial accountant must comply with standards of ethical conduct. Required 1. Read the Statement of Ethical Professional Practice posted at IMAnet.org. (Under "Career Resources" select "Ethics Center," and then select "IMA Statement of Ethical Professional Practice.") 2. What four overarching ethical principles underlie the IMA's statement? 3. Describe the courses of action the IMA recommends in resolving ethical confilicts. Activate Windows Go to Settings to a Page 6arrow_forwardMatch the words with the term. Question 7 options: 12345 insurance 12345 guarantees 12345 ability to repay loan 12345 status of industry 12345 integrity 1. capacity 2. collateral 3. coverage 4. character 5. conditionsarrow_forward34 National Detergent Company SAOG evaluate their financial performance through various reports which are provided to them. Find out one of the following accounting prepare and provide special types of reports which are used by the top level management of an organization? a. Cost accounting b. In All these accounting c. Management accounting d. Financial accountingarrow_forward
- Short Answer Essay Question: DAS • Understanding Fundamentals of Personal Finance • Career Planning • Financial Statements, Tools, and Budgets • Managing Income Taxes • Managing Checking & Savings Accounts • Building & Maintaining Good Credit • Credit Cards & Consumer Loans • Vehicles & Other Major Purchases What are three key things you have learned from any of the areas above, that you have adopted in your own personal financial management practices?arrow_forwardQuestion 8 What are the educational requirements to receive a CPA certificate in the State of Connecticut? A Master's Degree, 150 total credit hours, 36 credit hours in accounting, 36 credit hours in economics or general business courses A Baccalaureate Degree, 150 total credit hours, 36 credit hours in accounting, 36 credit hours in economics or general business courses A Baccalaureate Degree, 150 total credit hours, 36 credit hours in accounting, 30 credit hours in economics or general business courses A Master's Degree, 150 total credit hours, 36 credit hours in accounting, 30 credit hours in economics or general business coursesarrow_forwardQUESTION 25 One of the reasons that businesses use accounting is it: O a. supplies information that permits informed judgements and decisions Ob.s casy to understand product information Ocs required by the government d. is a simple way to track company performancearrow_forward
- 3arrow_forwardaims to identify, record, and communicate information about business activities. It helps assess opportunities, products, investments, and social and community responsibilities. Users of accounting are both internal and external. Some users and uses of accounting include (a) managers in controlling, monitoring, and planning; (b) lenders for measuring the risk and return of loans; (c) shareholders for assessing the return and risk of stock; and (d) employees for judging employment opportunities. Opportunities in accounting include financial, managerial, and tax accounting. Csuterstack/Fory burrow OGlow Asia/Saperstock 130s :00/ 0:58 1x CC Knowledge Check 01 Match the term and the definition. Definition The recording of transactions and events only, either manually or electronically. An information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities.arrow_forwarde 1:E1 OMANTEL Practice (page 5 . ... moodle.nct.edu.om P Flag question Timely payment of taxes comes under objective of financial managment a. Social Objectives b. Research Objectives c. None d. Basic objectives e. Operational Objectives العربية الإنجليزيةarrow_forward
- e 1:E1 OMANTEL Practice (page 4 . ... moodle.nct.edu.om Timely availability of requisite finances objective of comes under financial managment a. Social Objectives b. None c. Research Objectives d. Operational Objectives e. Basic objectives Previous page Next page IIarrow_forwardM1arrow_forward24 The Investment in Branch is presented as: Group of answer choices Equity of the home office Asset account of the home office Liability of the home office Contra-liability account of the home officearrow_forward
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SEE MORE QUESTIONS
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- Financial Reporting, Financial Statement Analysis...FinanceISBN:9781285190907Author:James M. Wahlen, Stephen P. Baginski, Mark BradshawPublisher:Cengage LearningAccounting Information SystemsFinanceISBN:9781337552127Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan HillPublisher:Cengage Learning
Financial Reporting, Financial Statement Analysis...
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ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:Cengage Learning
Accounting Information Systems
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ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
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