Inplementing Accounting Analysis

If the commercial standards of the relationship between the client and lawyer is to be acknowledged on ethical terms, once the client is in the office, it is contradictory to suggest that the same information is refuted before he arrives. The belief that legal services are exclusive to the individual customer and that pre-recognized fees cannot be decided is refuted by the record, the State Bar advocates a program where legal practitioners implement services like those advertised at fixed rates. The restriction of advertising is only to restrict information to spread to the people of the public. Advertising is the traditional practice of a marketer to familiarize a potential client of the terms of exchange. The disciplinary rule at issue has burden access to public capitalized legal services. Regulations on advertising are an impotent of determining inferior work. An attorney who is predisposed to diminish the quality of his or her’s practice will perform inadequately whether or not the rule of advertising is in place. Most attorneys will perform on good ethics as they consistently have in the past and as they were trained to do by the State Bar of Arizona. They will abide by their oaths. Advertising by lawyers may not be subjected to blanket suppression. Advertising that is false or deceptive is liable to restraint, and there may be restrictions on the specific time and place of its

Look at page 17 of the case (Management Discussion). Compare 1985 to 1983. Why has return on sales decreased from 4.0 percent to 1.2 percent? What factors might explain the individual category changes from 1983 to 1985? Remember that these are changes in percentage of sales, not in absolute amount.

An accounting cycle is a process, or a series of activities, that consists of collecting an organization’s transactions at the end of a reporting period to prepare essential financial statements of a business (Fleury, 2015). The accounting cycle is a strict, methodical set of rules used to ensure the accuracy and conformity of financial statements (Investopedia, 2017). The steps involved with an accounting cycle, the roles each of the step facilitate, the impact of omission, and what financial statements are assembled from the accounting cycle data.

Accounting is commonly described as the language of business. It is very important for all business owners to have very good understanding of their finances. Having the knowledge of your business finance, you will know where the money is going. Every business owner should have a good understanding of finance. To have a good understanding business owners needs to understand basic accounting steeps, how does accounting play a role in their business, how to define a financial statement and how the omission of any of these steps would affect the success of a business. Once you have an understanding of accounting/finance and the how it plays

16. The existence of both economies of scale and diseconomies of scale would have what effect on the LRAC curve?

cognizant of the fact that the choices he makes can affect the price a buyer pays

Premiums were typically paid on a monthly basis either by automatic charges to the member’s credit card or through employee payroll deductions. The premiums were generally guaranteed renewable and noncancelable except for fraud, nonpayment of premiums, or upon written request by a member. The annual membership persistency rate in 1998 was high; approximately 75% of members at the beginning of the year and new members during the year continued to be enrolled in the program at the end of the year. At March 31 1999, PPLS had 648,475 active members, and membership had been increasing at about 40% per year. PPLS marketed its memberships through a multi-level program that encouraged buyers to become salespeople. Members that sought to become sales associates paid the company a fee, typically $65, to cover the cost of training materials, training meetings, and home office support services. Registered sales associates sold the company’s services to their friends and business associates. The most successful even recruited and developed their own sales force. In 1998 PPLS generated 76% of its annual sales from the roughly 150,000 members registered as sales associates. The remaining 24% of sales were generated through arrangements with insurance and service companies with established sales forces, such as CNA and Primerica Financial Services. Sales associates were compensated on a commission basis (see Exhibit 3). Prior to 1995, associates that signed-up a new

Assess the degree to which the firm’s accounting reflects the underlying business reality. Identify accounting distortions and evaluate their impact on profits and the sustainability of profits.

1. How does PPLS create value for its customers? What are the critical risks that it has to manage well?

Gather information about its potential and current customers, this helps to understand the customer, improve their services and make more informed decisions hence reducing risk.

Use this Excel spreadsheet to compute ratios; show your computations for all ratios on this tab and also include your commentary.

3. Out in the business world almost all projects are completed by some type of team or collaborative group of individuals. At the University of Phoenix, you will gain experience with project collaboration in a safe and supportive environment. These skills will carry you through teamings and collaborations on future real world’s projects where success may mean more pay, a promotion, or another major reward or compensation. To assist in the areas involved in teamwork and team building the University of Phoenix provides you with the Learning Team Toolkit. This Learning Team Toolkit is your gateway to materials that will help you achieve greater professional competence as a member and leader of work teams. Go to the Library tab in your student portal and select the link, Read all Aspects of Teamwork located on the right side of the webpage under Learning Team Toolkit. Then, under the category Toolkit Essentials, open the Learning Team Handbook and select which Purpose for Learning Team Benefits is listed.

4. What might explain the stock price drop that occurred in 1990 and how does that influence your evaluation of Oracle Systems’ financial health?

ABC Company reports Net Income of $20,000 for the year 2010. The company negotiated a change in its defined benefit pension plan that increased the pension obligation by $3,000 attributed to the work already completed by its employees. $300 of this change was included in pension expense for 2010. Because of well-chosen investments, the pension trust fund had unexpected gains of $4,000 over its expected return of $2,000. Finally the actuaries estimate of the end of the year value of the Defined Benefit Pension Plan included a $1000 increase in the liability due to changes in actuarial assumptions.

The accounting system we use today started in Venice in renaissance period over 520 years ago. The trade business increased hugely during this time and all the financial recordings had to be written down to help people see how their business is doing. During that time in 1494 the first book about was published in accounting by Luca Paciolli and was called “The Collected Knowledge of Arithmetic, Geometry, Proportion and Proportionality”. He was called “The father of Accounting” and most of his described principles have been used up until this day.