Strayer ACC556 All Weeks Discussions Latest 2019 April Question # 00602302 Course Code : ACC556 Subject: Business Due on: 06/18/2019 Posted On: 06/18/2019 08:31 AM Tutorials: 1 Rating: 4.6/5

ACC556 Financial Accounting for Managers

Week 1 Discussion

Financial
Statements

For this
week’s collaborative activity, review Apple Inc.’s most recent financial
statements. Click to review Apple’s Financial Information.

Based on
your analysis of Apple’s most recent financial statements, predict whether
Apple’s financial health will likely improve or deteriorate over the next five
(5) years. Provide a rationale for your response.

Examine
Apple’s statement of cash flows. Recommend at least two (2) actions that Apple
could take in order to maximize the use of its cash flows. Provide a rationale
for your response.

ACC556 Financial Accounting for Managers

Week 2 Discussion

Accounting
Systems and Accruals

For this
week’s Discussion, research the most common threats to a computerized
accounting system using the Internet and/or Strayer databases. Be prepared to
discuss.

§ Upon
examination of the greatest threats to a computerized accounting system,
suggest two (2) preventive measures or remedies that protect the system and/or
mitigate any negative impacts to the system. Provide a rationale for your
response.

§ Your boss
is concerned that the company’s computerized accounting system is vulnerable to
attack. After reviewing the system, you’re in agreement. Write a brief report
(approximately one [1] paragraph in length) of how someone might hack into your
systems and commit fraud with the accruals. What major damages to the company’s
financial statements could result from such a fraud?”

ACC556 Financial Accounting for Managers

Week 3 Discussion

Accounting
for Inventories

As a
financial accountant, determine the best type of income statement a retailer
should use. Defend your suggestion.

o Analyze the different inventory valuation
methods discussed in the textbook. Based on your analysis, recommend the most
accurate valuation method that reflects current economic conditions. Provide a
rationale for your recommendation.

ACC556 Financial Accounting for Managers

Week 4 Discussion

Internal
Controls

Imagine
that a coworker wants to circumvent an internal control to steal money from
your company. Speculate on two (2) internal controls that your coworker might
attempt to circumvent in order to steal the money. Recommend two (2) actions
that the company could take in order to prevent the theft.

Outline an
anti-fraud program that you would implement at your company (current or
previous). Suggest the approach you would take to sell this program to your
senior executives. Provide a rationale for your response.

ACC556 Financial Accounting for Managers

Week 5 Discussion

Accounts
Receivable Management

Examine the
five (5) steps to managing accounts receivable. Speculate on the step that is
most vulnerable to fraud. Suggest at least two (2) actions that a company can
take in order to protect this step from fraud.

Imagine
that your company has tasked you with developing a plan for factoring accounts
receivables. Create one (1) scenario that demonstrates the key benefits and /
or detriments to your company from factoring accounts receivable.

ACC556 Financial Accounting for Managers

Week 6 Discussion

Plant
Assets

Imagine
that you are the Chief Financial Officer (CFO) of a startup airline company.
The executive management team has tasked you with making a recommendation about
whether the company should buy or lease airplanes. Analyze the major pros and
cons for leasing and buying assets. Based on your analysis, provide a
recommendation to the executive team.

Compare and
contrast the three (3) methods for depreciating plant assets. Recommend the
method that maximizes profits for both a shorter period of time and a longer
period of time.

ACC556 Financial Accounting for Managers

Week 7 Discussion

Budgeting

(o Analyze the major pros and cons of preparing
annual company budgets. Identify at least two (2) critical budget line items
that you believe are essential for managing your company. Provide a rationale
for your response.

o One way to monitor a company is to break it
into different centers or business units. For example, a Revenue Center
oversees the sales teams while the Cost Center focuses on making the product or
delivering the services. If the company maintains a store or locations that
handles both revenue and costs, this is called a Profit Center. Managers of
each center have their own budgets and are held accountable for achieving it.
Analyze the most common responsibility reporting systems. From your analysis,
argue at least one (1) pro and one (1) con of using responsibility reporting
systems.

ACC556 Financial Accounting for Managers

Week 8 Discussion

Liabilities

For this
week’s Discussion, research one (1) publicly traded company in which you are
interested using the Internet and/or Strayer databases. Locate the company
website and financial statements. Also locate information on the types of bonds
the company issues. Review the Liabilities section of the company’s Balance
Sheet. Be prepared to discuss.

Imagine
that you just read about another company in the same industry facing criminal
charges for misrepresenting their liabilities. Naturally, you’re worried that
the company you’re researching might be doing something similar. Hypothesize a
scenario in which someone at the company could intentionally misstate
liabilities for his or her personal financial gain. Recommend two (2) actions
that these companies can take to prevent or detect intentional misstatements of
liabilities for personal financial gain. Justify your response.

Imagine
that you are advising an investor who is considering purchasing bonds issued by
the selected company. Analyze the types of bonds the chosen company issues.
Make a recommendation to the investor as to which type of bond would provide
the most value. Justify your response.

ACC556 Financial Accounting for Managers

Week 9 Discussion

Cash Flows

For this week’s discussion, research one (1)
publicly traded company in which you are interested using the Internet and/or
Strayer databases. Review its most recent statement of cash flows and income
statement on the company’s Website. Be prepared to discuss.

Outline a
strategy for companies to spend excess cash and maximize the value of that
spend. Provide a rationale for your response.

Compare and
contrast the selected company’s statement of cash flows to its income
statement. Suggest at least two (2) items from each statement that investors
should analyze when deciding whether or not to purchase the company’s stock.
Justify your response.

ACC556 Financial Accounting for Managers

Week 10 Discussion

Sustainable
Income and Ratio Analysis

Describe
sustainable income and the importance of sustainable income in the evaluation
of the income statement. Choose at least two (2) items or events that will
affect sustainable income of a company.

Propose the
manner in which you would disclose these items or events to investors. Justify
your response.

ACC556 Financial Accounting for Managers

Week 11 Discussion

Sum It Up

Provide two
(2) examples that demonstrate a change in your theories of financial accounting
for managers since the beginning of this course.

Rate the
three (3) most important concepts that you have learned in this course in order
of importance (one [1] being the most important; three [3], the least). Provide
a rationale for your rating scheme.