Category: Accounting

Complete the attached Excel assessment. This must continue being done in Excel. This is for us to understand your Excel proficiency so we can have a good baseline understanding of your skill level should you start work. Please do not send me the Excel in a PDF or Locked workbook

The goal of this project is to learn how to fill out the individual tax return (Form 1040 and its supplemental forms).You should use the free software TaxAct or log in to FreeTaxUSA (FreeTaxUSA® – Free Tax Filing for All Federal Returns, E-File Income Taxes OnlineLinks to an external site.)
to generate your tax returns.
What to submit:
Submit the tax return and all its worksheets
Use the software tax forms (forms found at IRS.gov)
Remember to include form 8867 (Paid Tax Preparer Checklist Due Diligence form) and fill it out as though you were interviewing the client. Be thorough on this form because this form is submitted with the real Tax return to the IRS.

Writing Assignment: Revenue Recognition
Topic: AMC Fitness Inc., offers annual memberships. Annual membership fees are due in full right away – at the beginning of the membership period. AMC Fitness offers customers a full refund for any unused period if for any reason a customer is not satisfied. As a result of this policy, AMC Fitness Inc. recognized revenue ratably over the life of the membership rather than when the dues were received from the customer. AMC Fitness Inc.’s CEO, Jeff Rizzo, is not satisfied with the company’s performance this year and has requested that you, the Controller of AMC Fitness Inc., recognize the revenue when received rather than over the membership period. Requirements: Write a memo to Jeff Rizzo, the CEO of AMC Fitness Inc. addressing the issues identified below. This memo should be short and to the point (max 1-2 pages, single spaced). You will also be graded on how you organize the information. There are many options with how to bundle the “answers” you give; choose the option that would make the memo easiest to read, interpret, and implement by the user. There is no one right way, so it is perfectly fine for students to take different approaches to presenting the information.
1. Discuss the factors to be considered in determining when revenue should be recognized per Accounting Standards Update No. 2014-09 (Read chapter 18 and conduct additional research, as necessary. Be sure to cite your sources appropriately.)
2. Apply the above guidance to AMC Fitness Inc.’s facts.
3. Explain to CEO Rizzo what your decision is with respect to AMC Fitness Inc.’s accounting treatment concerning membership revenues. If you decide that the appropriate treatment is to recognize revenue over time, be sure to explicitly explain the criteria under GAAP that justifies your position.
4. Explain the ethical issues involved. If you conduct additional research for this memo and use any ideas that are not your own, be sure to provide a citation within the memo and add a works cited listing following your memo.
DON’T PLAGIARIZE

You will login and go to Ch 05 Ex 5-3 Assignment. It is one question with 4 parts to it to achieve the correct answer. I will provide the link and login to the assigned writer.

Your final journal submission will consist of two parts. Reflect on what you have learned in the previous units and then answer the following questions.
Part I
After reading more about capital investment decisions in this course, you decide to apply one of the methods, such as the payback method, to a recent investment you made. Walk through the inputs and the end result. What information would must be known? What would you base those assumptions on? Would the investment meet your standards? Explain.
Part II
After reading about financial analysis in this course, you decide to put your newfound knowledge to work and consider investing in a few manufacturing firms. What industry would you look at first? What ratios would stand out as the most significant for your research? What would your final choices depend on? Would they depend on product, price, or probability? Explain your response.
Your journal should be at least two pages in length. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary.

You will initiate your own post by asking a question that relates to the post you will write (that will address the topic in my post). The post has to have a curiosity score of at least 60.Respond to two questions posted by your classmates.
1. submit your own original question
A. What is your question?
B. Add a Description (Minimum 300 words)
C. Cite your Source
2.submit a response to two other questions posed that week by your classmates!

Please make sure you have access to the book “Horngren’s Financial and Managerial Accounting: The Managerial Chapters, 8e” Eighth edition by Tracie Miller-Nobles, Brenda Mattison. Read Chapter 7 “Master Budgets”. Please read the “assignment instructions” in the file for details

Conduct a Return on Investment (ROI) Analysis using Excel from year 1 up to year 10
I sent two format but they are the same thing , just wanted to make sure either one opens.
Note*** I provided an example below . Please let me know if you need more information.

What are some challenges of general long-term liabilities and what are the nuances that make the general long-term liabilities (not just long-term liabilities)?

NuComp Company operates in a state where corporate taxes and workers’ compensation insurance rates have recently doubled. NuComp’s president has just assigned you the task of preparing an economic analysis and making a recommendation relative to moving the entire operation to Missouri. The president is slightly in favor of such a move because Missouri is his boyhood home and he also owns a fishing lodge there.
You have just completed building your dream house, moved in, and sodded the lawn. Your children are all doing well in school and sports and, along with your spouse, want no part of a move to Missouri. If the company does move, so will you because the town is a one-industry community and you and your spouse will have to move to have employment. Moving when everyone else does will cause you to take a big loss on the sale of your house. The same hardships will be suffered by your coworkers, and the town will be devastated.
In compiling the costs of moving versus not moving, you have latitude in the assumptions you make, the estimates you compute, and the discount rates and time periods you project. You are in a position to influence the decision singlehandedly.
Identify 2 stakeholders and 2 ethical issues in this situation. How would you go about responding?