Category: Accounting

Case Study Guidelines
Case Study 1 Chapter 4 Hobby Horse Mini-Case Page 117. This Integrated mini case allows you to apply your knowledge to relatively complex real-world business scenario. In addition to being fluent in the course material covered thus far, you should be familiar with Microsoft Word, Excel and Power point. You are expected to study the information provided in the mini-case, identify the main issues/problems, thoroughly analyze these issues/problems using the concepts studied thus far in your course modules, support your analysis with relevant calculations on a spreadsheet, and provide your recommendations for effective solutions and strategies to resolve the issues.
Your final submission must include:
A case study report in MS Word
Supporting calculations and relevant analysis in a separate Excel file, as an appendix along with any supporting figures/tables.
A short power point presentation summarizing your case study analysis and recommendations.
Remember that your final case study report (MS Word) should be single spaced, in the required format, not exceeding 3-4 pages of running text (plus appendices/tables/figures and attachments). You must attach your supporting calculations and quantitative analysis in a separate Excel file as an appendix.
Format:
Format for Case Study Report
Introduction
A brief, one-paragraph description to introduce the case.
Problem Statement
A specific statement of the main problem(s)/issue(s) presented in the case. This should be concise, focused, and not exceeding two sentences.
Environmental Analysis
An insightful and thorough analysis of all identified problem(s)/issue(s); Your analysis must be comprehensive, and supported by all necessary calculations in a separate Excel file attached as an appendix. In your analysis, you should be able to make connections between identified problem(s)/issue(s) and the strategic concepts studied in the course module lessons
Recommendations on Effective Solutions/Strategies
Provide specific strategies to resolve the identified problem(s)/issue(s). Your recommendations should be objective, comprehensive and based on convincing arguments and well-documented evidence.
Conclusion
A final paragraph summarizing your key points
References
All your citations presented in the MLA citation format
Comments from Customer
The assignment is from fundamentals of corporate finance, page 117. Tenth edition

Hooplah, Inc.: Applying Audit Sampling Concepts to Testing of the Revenue Cycle
As a general rule for both parts of this case, anytime you need to make a judgment or an assumption, it is always best to justify and document why you made that decision. Your justifications will be important when I am grading your assignment. Moreover, your justifications will be tremendously important when/if you are working as an auditor.

Part A –The following are some notes that should help you complete the assignment. Be sure to answer all the questions in Part A of the case.
Please answer each question included in the printed case materials for Part A.
Use the information in Appendix A to determine the sample size for question 1. You will also want to explain your answer to part A. Note also that the relative importance of the control determines your assessment of the tolerable deviation rate.
The documents for the controls testing can be found at the following link: https://media.pearsoncmg.com/ph/bp/bridgepages/bp_beasley_bridgepage/7e/
For question 2b, your test should look only for evidence of a review of the credit memo. Don’t be anxious about the length of the question. It describes the process that should be followed for processing credit memos.
For question 3a, your test should be to reperform the control (i.e., do exactly what BT should have done).
If you find any exceptions, you’ll want to use the lower table in Appendix A to determine the upper deviation rates.
For question 4, think about the relationship between the effectiveness of internal controls and the extent of substantive testing that needs to be done. You may also likely comment on the relative mix of substantive analytics vs. tests of details that would need to be performed.

Using the Company’s financial statements (2023 Annual Report) and published articles provide the answers to the following questions.
Question #1 – Is UPS’ cash provided by operating activities increasing or decreasing?
You need to research what caused the increase or decrease in the cash provided by operating activities. Net income is a result of Sales and Expenses. Do not focus mainly of Net income. You have to research any impact to sales and line item expenses that drove the increase or decrease. Once you have identified he drivers, research them so you can explain the reasons.
Question #2 – Is UPS’ cash provided by operating activities more or less than net income in fiscal 2022?
Similar to question #1, you have to compare cash provided by operating activities against net income. Explain the difference, i.e., what are the drivers and reasons for the increase or decrease.
Please include citations and reference APA style

Chapter 1- introduction
Please do read the sample thesis. Sahdans thesis
Please can you pay special attention to the chapter1.
We need the followings:
1. Why/ what motivated this thesis. And write about my passion.
2. What are my research objectives. Please do consider that we have done 3 research papers. How do we adjust the objectives and research questions
3. Research hypotheses and how it is tested
4. Abstract of the whole thesis – 1 page only
5. Set the tune for the whole thesis
6. Please explain the difference of why we did mixed methods. That is, for the length (interviews) and for breath (questionnaires)
Rest you know best

Case Study Guidelines
Case Study 1 Chapter 4 Hobby Horse Mini-Case Page 117. This Integrated mini case allows you to apply your knowledge to relatively complex real-world business scenario. In addition to being fluent in the course material covered thus far, you should be familiar with Microsoft Word, Excel and Power point. You are expected to study the information provided in the mini-case, identify the main issues/problems, thoroughly analyze these issues/problems using the concepts studied thus far in your course modules, support your analysis with relevant calculations on a spreadsheet, and provide your recommendations for effective solutions and strategies to resolve the issues.
Your final submission must include:
A case study report in MS Word
Supporting calculations and relevant analysis in a separate Excel file, as an appendix along with any supporting figures/tables.
A short power point presentation summarizing your case study analysis and recommendations.
Remember that your final case study report (MS Word) should be single spaced, in the required format, not exceeding 3-4 pages of running text (plus appendices/tables/figures and attachments). You must attach your supporting calculations and quantitative analysis in a separate Excel file as an appendix.
Format:
Format for Case Study Report
Introduction
A brief, one-paragraph description to introduce the case.
Problem Statement
A specific statement of the main problem(s)/issue(s) presented in the case. This should be concise, focused, and not exceeding two sentences.
Environmental Analysis
An insightful and thorough analysis of all identified problem(s)/issue(s); Your analysis must be comprehensive, and supported by all necessary calculations in a separate Excel file attached as an appendix. In your analysis, you should be able to make connections between identified problem(s)/issue(s) and the strategic concepts studied in the course module lessons
Recommendations on Effective Solutions/Strategies
Provide specific strategies to resolve the identified problem(s)/issue(s). Your recommendations should be objective, comprehensive and based on convincing arguments and well-documented evidence.
Conclusion
A final paragraph summarizing your key points
References
All your citations presented in the MLA citation format
Comments from Customer
The assignment is from fundamentals of corporate finance, page 117. Tenth edition

Assignment 4. 1. Grand Product borrowed $8 million cash on November 1, 20×1 from Metro Bank under a short–
term credit line. Grand issued a 5-month, 10% promissory note with interest payable at maturity. Metro’s fiscal period is the calendar year.
Required:
1)Prepare the journal entry on November 1, 20×1 for Metro Bank.
2) Prepare the appropriate adjusting entry on December 31, 20×1 for Metro Bank. Show calculations.
3) Prepare the journal entry on March 31, 20×2 (maturity) for Metro Bank. Show calculations. 2. On December 1, 20×1, Land Co. issued a $100,000, 5-month, note to Castle Bank. Interest was discounted at issuance at an 8% discount rate. Prepare journal entries for Castle Bank on:
1) December 1, 20×1
2) December 31, 20×1
3) May 1, 20×2 (maturity)
3. Metro Mart Co. sells one product. Presented below is information for January 2024 for Metro.
Date 1/1/24 Inventory 100 units at $7 each
1/11/24 Purchase 150 units at $6 each 1/13/24 Sales 120 units at $8.50 each
1/20/24 Purchase 150 units at $5 each
1/27/24 Sales 100 units at $9 each
Compute the following costs:
1) Cost of goods sold under weighted average cost (periodic).
2) Cost of ending inventory under FIFO (periodic). 3) Cost of goods sold under LIFO (periodic)
4) Cost of ending inventory under moving average (perpetual).
5) Cost of goods sold under FIFO (perpetual).
6) Cost of goods sold under LIFO (perpetual).
*Show your computations. If not, no credit.
1.

Instructions – PLEASE READ THEM CAREFULLY
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Submissions without this cover page will NOT be accepted.
Assignment Question(s): (Marks. 15)
Q1. Fundamental questions for a survey research need to be answered at the design stage are:
1.What sort of survey are you contemplating?
2.What sort of respondent are you targeting?
3.What questions do you want answers to?
4.What response categories are you contemplating?
5.What sequence of questions should you pursue?
6.What is the layout of the survey instrument?
7.How will the sample be selected?
Develop an example of your own on Survey research by answering to all the above questions for a quality design.(5 Marks)
Answer:
Q2. What do you understand by Archival Research? Discuss its importance as a research method and give at least one example of a research paper (preferably Accounting paper) conducted be Archival research (5 Mark)
Answer:
Q3. What are the essential Ethical guidelines that the researcher needs? (5 Mark)
Answer:

Instructions – PLEASE READ THEM CAREFULLY
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Submissions without this cover page will NOT be accepted.
Assignment Question(s): (Marks 15)
Q1. What is the process of identifying activities in an organisation and assigning costs under the Activity Based Costing (ABC) system? Elucidate. You will need to include the right numerical examples to support your answer. (2 Marks) (Chapter 7, Week 7)
Answer:
Q2. PPLC Company has two support departments, SD1 and SD2, and two operating departments, OD1 and OD2. The company decided to use the direct method and allocate variable SD1 dept. costs based on the number of transactions and fixed SD1 dept. costs based on the number of employees. SD2 dept. variable costs will be allocated based on the number of service requests, and fixed costs will be allocated based on the number of computers. The following information is provided: (4 Marks) (Chapter 8, Week 10)
Support Departments
Operating Departments
SD1
SD2
OD1
OD2
Total Department variable costs
18,000
19,000
51,000
35,000
Total department fixed costs
20,000
24,000
56,000
30,000
Number of transactions
30
40
200
100
Number of employees
14
18
35
30
Number of service requests
28
18
35
25
Number of computers
15
20
24
28
You are required to allocate variable and fixed costs using direct method. Answer:
Q3. What are an organization’s “outsourcing decisions” and “constrained resource decisions?” Provide a suitable numerical example of these decisions and explain how quantitative and qualitative considerations support a company’s decision-making process. (2 Marks) (Chapter 4, Week 9)
Note: Your answer must include suitable numerical examples. You are required to assume values of your own, and they should not be copied from any sources. Answer:
Q4. VBN plastic industry makes three plastic toys: T1, T2, and T3. The joint costs of the three products in 2017 were SAR 120,000. The total number of units for each product and the selling price per unit is given below:(3 Marks) (Chapter 9, Week 11)
Product
Units
Selling Price per unit
T1
45,000
SAR 15
T2
26,000
SAR 14
T3
18,000
SAR 10
You are required to allocate the joint costs to each product using the physical volume method and sales value at the split-off method.
Answer:
Q5. MN&M Corporation is preparing a budget for 2018. The company provides you with the following details which will help you to prepare the budget: (4 Marks) (Chapter 10, Week 12) Budgeted selling price per unit = SAR 500 per unit
Total fixed costs = SAR 150,000
Variable costs = SAR 100 per unit
Required:
You are required to prepare a flexible budget for 1,000, 1,100, 1,200 and 1,300 units.
Answer:

Instructions – PLEASE READ THEM CAREFULLY
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Submissions without this cover page will NOT be accepted.
Assignment Question(s): Three Questions Each Carries 5 Marks) (total Marks 15)
Q1. The following information extracted from the parent company
a.Parent company loaned $1000 to Subsidiary with an interest rate of 5%.
b.Parent company made a sale to Subsidiary for $500 cash. The inventory had originally cost Parent company $200. Subsidiary then sold that same inventory to an outsider for $700.
c.Parent company made a sale to Sub for $800 cash. The inventory had originally cost Parent $300. Subsidiary has not yet sold that same inventory to an outsider.
Required:
Pass the elimination entries for the intercompany transactions.
Answer:
Q2. Explain the differences between translation and remeasurement of financial statements of a foreign subsidiary.
Answer:
Q3. The partnership of Ibrahim and Rawan has the following provisions:
Ibrahim and Rawan receive salary allowances of SAR 50,000 and SAR 15,000, respectively.
Interest is imputed at 5% on the average capital investment.
Any remaining profit or loss is shared between Ibrahim and Rawan in a 3:1 ratio, respectively.
Average Capital investments: Ibrahim, SAR 300,000; Rawan, SAR 150, 000 Net income SAR 300,000
Required:pass journal entry to allocate the profit between Ibrahim and Rawan

Assignment Question(s): (Marks 15)
Q1. What is the process of identifying activities in an organisation and assigning costs under the Activity Based Costing (ABC) system? Elucidate. You will need to include the right numerical examples to support your answer. (2 Marks) (Chapter 7, Week 7)
Answer:
Q2. PPLC Company has two support departments, SD1 and SD2, and two operating departments, OD1 and OD2. The company decided to use the direct method and allocate variable SD1 dept. costs based on the number of transactions and fixed SD1 dept. costs based on the number of employees. SD2 dept. variable costs will be allocated based on the number of service requests, and fixed costs will be allocated based on the number of computers. The following information is provided: (4 Marks) (Chapter 8, Week 10) Support Departments Operating Departments
SD1 SD2 OD1 OD2
Total Department variable costs 18,000 19,000 51,000 35,000
Total department fixed costs 20,000 24,000 56,000 30,000
Number of transactions 30 40 200 100
Number of employees 14 18 35 30
Number of service requests 28 18 35 25
Number of computers 15 20 24 28
You are required to allocate variable and fixed costs using direct method. Answer:
Q3. What are an organization’s “outsourcing decisions” and “constrained resource decisions?” Provide a suitable numerical example of these decisions and explain how quantitative and qualitative considerations support a company’s decision-making process. (2 Marks) (Chapter 4, Week 9) Note: Your answer must include suitable numerical examples. You are required to assume values of your own, and they should not be copied from any sources. Answer:
Q4. VBN plastic industry makes three plastic toys: T1, T2, and T3. The joint costs of the three products in 2017 were SAR 120,000. The total number of units for each product and the selling price per unit is given below: (3 Marks) (Chapter 9, Week 11)
Product Units Selling Price per unit
T1 45,000 SAR 15
T2 26,000 SAR 14
T3 18,000 SAR 10
You are required to allocate the joint costs to each product using the physical volume method and sales value at the split-off method.
Answer:
Q5. MN&M Corporation is preparing a budget for 2018. The company provides you with the following details which will help you to prepare the budget: (4 Marks) (Chapter 10, Week 12) Budgeted selling price per unit = SAR 500 per unit
Total fixed costs = SAR 150,000
Variable costs = SAR 100 per unit
Required:
You are required to prepare a flexible budget for 1,000, 1,100, 1,200 and 1,300 units. Answer: