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3 May 2019

In presenting financial statements, what do you feel is the mostimportant statement and why? Give an example of a decision you havemade or observed being made involving financial statementanalysis.

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Nelly Stracke
Nelly StrackeLv2
6 May 2019

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Using knowledge of the company selected for the Excel project,you will write a 750-word report in current APA format detailingthe implications of unrecorded assets for financial statementanalysis purposes.

The chosen company was FedEx (FDX). Can someone give me guidanceon how I should structure this report and what all it shouldcontain? Thanks

Final Discussion

Part 1: Bank Reconciliations

Each week, you are very careful to record each businesstransaction carefully and accurately. You are quite sure you haverecorded everything correctly, so why would you need to do a bankreconciliation? In your post, share with your classmates whatbenefits a bank reconciliation provides and how often you feel areconciliation should be performed at your restaurant.

Part 2: Applying What You Learned

As the course draws to a close, review the progress you havemade. Now that you have a better understanding of the accountingcycle and the role accounting plays in helping an organization besuccessful, how do you feel about accounting? In your post, sharewith your classmates how you can apply what you have learned inthis course to improve the performance of the organization whereyou work, or perhaps your own business now or in the future.

1. The cash flow on total assets ratio isdefined as cash flows from operations divided by average totalassets.
Select one:
True or False

2.
Investing activities include the:
Select one:
a. Purchase of plant assets.
b. Lending and collecting on notesreceivable.
c. Sale of short-term investments other than cashequivalents.
d. Sale of plant assets.
e. All of these.


3.

Profit margin is sales divided by net income.

Select one:
True
False


4.
Accounting standards:
Select one:
a. Allow companies to omit the statement of cashflows from a complete set of financial statements if cash is aninsignificant asset.
b. Require that companies omit the statement ofcash flows from a complete set of financial statements if thecompany has no investing activities.
c. Require that companies include a statement ofcash flows in a complete set of financial statements.
d. Allow companies to include the statement of cashflows in a complete set of financial statements if the cash balancemakes up more than 50% of the current assets.
Allow companies to omit the statement of cash flowsfrom a complete set of financial statements if the company has nofinancing activities.


5.Allow companies to omit the statement of cash flows from acomplete set of financial statements if the company has nofinancing activities.
True of False


6.
The Institute of Management AccountantsStatement of Ethical Professional Practice requires that managementaccountants be competent and act with integrity.
Select one:
True
False

7.
Industry standards for financial statementanalysis:
Select one:
a. Are based on a company's priorperformance.
b. Are set by the government.
c. Are set by the financial performance andcondition of the company's industry.
d. Are based on rules of thumb.
e. Compare a company's income with the prior year'sincome.

8.
A corporation's minimum legal capital is oftendefined to be the total par value of the shares:
Select one:
a. Issued.
b. Authorized.
c. Subscribed.
d. Outstanding.
e. In treasury.

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