18 Jun Purpose of Assignment This week’s activity illustrates the role a company’s accounting method plays in financial statement reporting. In this assignment, students evaluate the events occuring in a business setting and determine how to properly analyze those events to identify the impact on both cash and accrual accounting methods. Assignment Steps Resources: Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Commission (SEC) Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Scenario: BizCon, a consulting firm, has just completed its first year of operations. The company’s sales growth was explosive. To encourage clients to hire its services, BizCon offered 180-day financing – meaning its largest customers do not pay for nearly 6 months. Because BizCon is a new company, its equipment suppliers insist on being paid cash on delivery. Also, it had to pay up front for 2 years of insurance. At the end of the year, BizCon owed employees for one full month of salaries, but due to a cash shortfall, it promised to pay them the first week of next year. As the senior accountant, the Chief Financial Officer has asked you to prepare a memo to be sent to management notifying them of the delayed wage payments. Prepare the memo in a maximum 700 words including the following information to better outline the situation: Explain how cash and accrual accounting differs for each of the events listed in the above scenario and describe the proper accrual accounting. Assess how at the end of the year, BizCon reported a favorable net income, yet the company’s management is concerned because the company is very short of cash. Explain to management how BizCon could have positive net income and yet run out of cash.
Topic should be on Christianity***
Please choose and answer the following question.
“Describe and trace the invention and diffusion of one important philosophy or religion studied through week 3 of this class. How and why do you believe this philosophy or religion change as it entered a new area and interacted with a new people?”
SUBMISSION INSTRUCTION
A Short Paper Assignment allows you, early in the course, to demonstrate your research skills to your instructor and to receive feedback that will benefit you when you write your research paper. With this assignment, you will learn how to do proper and adequate research and write a short paper and prepare you for writing the research paper.
This short paper is at least three double-spaced pages (900-narrative words total (minus citation and a bibliography) of text (Times New Roman, font size 12) and you must consult a minimum of two academically credible sources. Bibliographies and citations will be in the Chicago Manual of Style format or a style you are more familiar with. Please use Chicago-Turabian if you are not familiar with a citation style or a style you are more familiar with. Please use Chicago-Turabian if you are not familiar with a citation style.
The short paper needs to be turned in through the assignment section for grading. If you use any of the information from your sources word-for-word, you must cite the source by using endnotes or footnotes. If you read the information and write it in your own words and it is not common knowledge, then you must cite the source because you are paraphrasing someone’s information.
The short paper must include a cover page with your name, course number and course title, instructor’s name, date, and institution. You must also include a bibliography at the end of your paper. While composing your paper, use proper English. Do not use abbreviations, contractions, passive voice, or first/ second person (I, you, we, our, etc). Before submitting your paper, check your grammar and use spell check. Remember, the way you talk is not the way you write a paper. Please label your paper as follows: lastnamefirstnameHIST111ShortPaper.
SUBMISSION CHECKLIST
Coversheet with assignment, student name, class, professor name, date and institution
Restatement of question verbatim before answering (restate and bold the entire question before your introduction).
Thesis at end of first paragraph incorporating question to be answered
Supporting paragraphs with topic sentences. Include historical examples to support your paper. Please include reign or life dates when introducing historical personalities and include dates in your essay.
Chicago-Turabian citation using using parenthetical citation or footnotes or endnotes
Conclusion
Narrative in academic third person voice
Separate Bibliography in Chicago-Turabian format
Narrative of essay within stated word-count of 900-words
File labeled lastnamefirstnameHIST111ShortPaper and submit as .doc or .rtf file.
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