Overview: In your final project, you will assume the role of an accountant and complete the year-end adjustment process for your company using a provided workbook. This workbook is the first deliverable (Part I) of your final project. In Part II, you will analyze the provided financials of the same company and create a report documenting your findings. For your third milestone, you will complete a draft of your ratio analysis report so that you can gain feedback and improve your work prior to the final submission in Module Eight. Note that you do not need feedback from Milestone Two to successfully complete this assignment. You should use the provided Final Project Part II template to structure your submission. Prompt: Specifically, the following critical elements must be addressed: I. Abstract: Summarize the story of profitability and liquidity for your company. In other words, highlight the most important aspects of your report, including your major conclusions. II. Computations: Identify and describe your computations from the Financial Analysis tab of your workbook. Be sure to format your key results in a table or graphical format, as appropriate. Explain why each cited figure was included in your report in terms of its importance for the organization. III. Comparison: Evaluate the financials of the company by comparing current ratios to both historical and industry-average ratios. Clearly identify all unexpected or aberrant figures. IV. Conclusion: Draw informed conclusions based on your computations and comparisons in the previous paragraphs. Be sure to justify your claims with specific evidence and examples. Rubric Guidelines for Submission: Your ratio analysis report must be 2–3 pages in length (plus a cover page and references) and written in APA format. Use double spacing, 12-point Times New Roman font, and one-inch margins. All references must be cited in APA format.
DELETE ALL TEXT IN ITALICS
Review the Final Project Guidelines and Rubric document to see how your paper will be scored.
Be sure to follow APA format when providing references. If you have questions on APA formatting, you can check the
Purdue OWL website
or seek help from the
SNHU Writing Lab
Notes on APA in a Formal Assignment
Use one-inch margins on all sides.
Use 12-point Times New Roman font with double spacing.
Paragraphs should be at least five to six sentences in length.
Do not include the headings “Introduction” and “Conclusion.” These are included below to help you lay out your paper. APA format assumes that the introduction begins the paper, the body continues the paper, and the conclusion wraps up the paper, so those headings are not needed.
Indent the first line of every paragraph by 0.5”.
Be careful not to use personal pronouns such as “I.”
Make sure to delete headings such as Paragraph One, Paragraph Two, and so on.
Be sure to replace all of the text in italics with your own writing, which should not be in italics. (This entire first page can be deleted after you review the guidelines. Your paper should begin with the title page that follows.)
ACC 307 Final Project Part II: Ratio Analysis Report
Southern New Hampshire University
REMEMBER: DELETE ALL TEXT IN ITALICS
Abstract (Delete this heading in your final paper)
In your opening paragraph, summarize the overall story of profitability and liquidity for your company. In other words, highlight the most important aspects of your report, including your major conclusions.
Paragraph One: Computations (Delete this heading in your final paper)
In your first body paragraph, complete the computations portion of your report: Identify and describe your computations from the Financial Analysis tab of your workbook. Be sure to format your key results in table or graphical format, as appropriate. Explain why each cited figure was included in your report in terms of its importance for the organization.
Return on Equity
Paragraph Two: Comparison (Delete this heading in your final paper)
In your second body paragraph, complete the comparison portion of your report: Evaluate the financials of the company by comparing ratios to both historical and industry-average ratios. Clearly identify all unexpected or aberrant figures.
Paragraph Three: Conclusions (Delete this heading in your final paper)
In your third body paragraph, draw informed conclusions based on your computations and comparisons in the previous paragraphs. Be sure to justify your claims with specific evidence and examples.
Wahlen, J. M., Jones, J. P., & Pagach, D. P. (2017). Intermediate accounting: Reporting and analysis (2nd ed.). Boston, MA: Cengage Learning.
Make sure that you provide appropriate in-text citations in APA style with the author’s name and year of publication (Author last name, year). The textbook is provided as an example and should be kept in the references for your paper. Feel free to add other resources. To add credibility to your paper, remember to cite ALL of the sources within the body of the paper, as well as in the References list at the end. References should be in alphabetical order by the author’s last name.
|Asset||Accounts||Liability Accounts||Equity Accounts|
|Cash||101||Notes Payable||201||Common Stock||301|
|Baking Supplies||102||Accounts Payable||202||Dividends||302|
|Prepaid Rent||103||Wages Payable||203|
|Prepaid Insurance||104||Interest Payable||204|
|Baking Equipment||105||Loans Payable||205|
|This chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a resource for you.|
|Baking Cost of Goods Sold||501|
|Merchandise Cost of Goods Sold (FIFO)||502|
|Business License Expense||506|
|Office Supplies Expense||513|
|Unadjusted trial balance||Adjusting entries||Adjusted trial balance|
|Merchandise Inventory (FIFO)||25,750.00|
|Merchandise COGS (FIFO)||15,760.00|
|Adjusting Journal Entries|
|For Year Ending 12/31/2017|
|Total Operating Expenses:||134,07||1.75|
|Beginning Balance:||– 0|
|plus Net Income||84,642.00|
|As of December 31, 2017|
|Assets||Liabilities and Owners’ Equity|
|Current Assets:||Current Liabilities:|
|Total Current Liabilities||51,593.75|
|Long Term Liabilities:|
|Total Current Assets||156,864.72|
|Total Long Term Liabilities:||31,000.00|
|Long Term/Fixed Assets:|
|Accumulated Depreciation||Retained Earnings|
|Total Assets:||176,236.14||Total Liabilities & Equity||176,236.00|
|Return on Equity||0.8||0.9||0.78|
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