How does the ability to compute key financial ratios in Excel improve your ability to critically evaluate, analyze, and interpret information so that you can make good business decisions?
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How does the ability to compute key financial ratios in Excel improve your ability to critically evaluate, analyze, and interpret information so that you can make good business decisions?
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- Why do the finance officers need to understand the other functional areas of the business and why do they need to have a good communication skill?What types of analysis can managers perform to help them diagnose a company’s financial condition? How might a review of financial statements help managers diagnose other kinds of performance problems as well?Hi, could you help me answer a question, it would help me with my understanding of the subject. The question is the following “ What are the advantages and disadvantages of self-financing a new business?”. Would you be able to answer this question in about 1000 words, please? Thanks in advance
- You are a CPA and have been asked to volunteer a few hours of your time to review the accounting records and procedures of a small nonprofit, charitable organization with an annual budget just under $5 million. During your review, you are surprised to find accounting records indicating that the CFO initiated and approved three non-payroll checks totaling $10,500 made out to one of the organization's employees. During the course of a private conversation with the CFO, you learn that she "loaned" the money to an employee with 15 years of service whose teenage son is fighting heroin addiction. The nonprofit's insurance does not provide any benefits to cover the cost of addiction treatment. The employee has promised to pay the money back over time after he gets back on his feet financially. What do you do? Do you include this finding in your audit report?Some people believe that when making decisions, the more information one has, the better. Do you agree? Provide an example. Discuss how you determine the value of information sources and content. Identify an information source that you trust and explain why it is trustworthy.While working as a new employee at the Defense Contracting Audit Agency, you noticed that a fellow employee was studying intensely for the Financial Accounting section of the CPA test. You planned to sit for that test section in two months, and your colleague was sitting for that test section next Thursday. On Thursday evening, you phoned your friend to see how she was doing after the test. She thanked you for being considerate and told you that she was emotionally drained. Nonetheless, she then kept you on the phone for 15 minutes, telling you about the “nasty” Statement of Cash Flows and Consolidation problems she encountered. What is the ethical issue? Did either of you commit a discreditable act under the Code of Conduct?
- Discuss why the numbers found on a balance sheet and an income statement may not be enough to properly evaluate the performance of a business.What is the primary goal of management? What are the primary tasks of a Chief Financial Officer (CFO) and others in finance function of an organization? Name and explain three tricks that management can play to manage earnings. Explain how using financial ratios can help spot these tricks. . Why is it important to analyze profitability, specifically focusing on return on investment? Invoke the breakdown of ROI in thinking about your responsWhat are the common mistakes that people make when writing business reports, and how can these be avoided?
- Why do we need financial information to make business decisions?One of your friends asked you to help him, and provide some professional advice while his company is developing their own accounting system. Your friend told you that their management style is proactive rather than reactive so you won’t need to worry about getting information you will need to assess the progress. Is the management style of a company crucial for an accountant so s/he can provide better advices?What are the skills and qualifications required for a management accountants?