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Page 1 of 3 ACCT202DL ANALYSIS PROJECT INSTRUCTIONS
Page 1 of 3 ACCT202DL ANALYSIS PROJECT INSTRUCTIONS
: Each team is required to complete each of the five questions/problems below. Your answers are to be completed as a result of a true team effort. I can not completely monitor you but I trust you will be ethical and not simply put the name of someone on work if they did not contribute according to guidelines set up by the team. You (each team) should turn in a single paper with the first and last names of each team member clearly shown on the first page of the project. Your paper(s) should be neat, professionally written.
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Page 1 of 3 ACCT202DL ANALYSIS PROJECT INSTRUCTIONS: Each team is required to complete each of the five questions/problems below. Your answers are to be completed as a result of a true team effort. I can not completely monitor you but I trust you will be ethical and not simply put the name of someone on work if they did not contribute according to guidelines set up by the team. You (each team) should turn in a single paper with the first and last names of each team member clearly shown on the first page of the project. Your paper(s) should be neat, professionally written. You must show all supporting calculations and assumptions used. Additionally, you must clearly identify each problem. There will be one team grade given for each paper submitted. Your team is not allowed to collaborate with other teams while completing this exercise. THIS TEAM ASSIGNMENT IS DUE IN THE DROP BOX ON OR BEFORE: MARCH 17th BEFORE 11:00pm 1. Laura Anderson has just been assigned as the senior accountant on the audit of Larsen Manufacturing Company. Laura currently is planning the audit and has been considering what procedures to perform in examining the company’s inventories of raw materials, work-in-process, and finished goods. She has determined that the calculation of certain ratios and other financial analysis techniques will prove useful to her in deciding how to approach the audit of the company’s inventory accounts. Write a short paper in which you identify and discuss the ratios to be calculated and the factors to be considered in Laura’s analysis of the company’s inventory accounts. 2. A large body of scholarly literature exists relating to the subject of choices of accounting methods. The choice of depreciation methods is an example of these accounting choices. The choice of depreciation method affects several ratios. Required: a. Explain which financial statement ratios are affected by the choice of depreciation methods, with specific attention to the effects of straight-line…
Page 1 of 3 ACCT202DL ANALYSIS PROJECT INSTRUCTIONS: Each team is required to complete each of the five questions/problems below. Your answers are to be completed as a result of a true team effort. I can not completely monitor you but I trust you will be ethical and not simply put the name of someone on work if they did not contribute according to guidelines set up by the team. You (each team) should turn in a single paper with the first and last names of each team member clearly shown on the first page of the project. Your paper(s) should be neat, professionally written. You must show all supporting calculations and assumptions used. Additionally, you must clearly identify each problem. There will be one team grade given for each paper submitted. Your team is not allowed to collaborate with other teams while completing this exercise. THIS TEAM ASSIGNMENT IS DUE IN THE DROP BOX ON OR BEFORE: MARCH 17th BEFORE 11:00pm 1. Laura Anderson has just been assigned as the senior accountant on the audit of Larsen Manufacturing Company. Laura currently is planning the audit and has been considering what procedures to perform in examining the company’s inventories of raw materials, work-in-process, and finished goods. She has determined that the calculation of certain ratios and other financial analysis techniques will prove useful to her in deciding how to approach the audit of the company’s inventory accounts. Write a short paper in which you identify and discuss the ratios to be calculated and the factors to be considered in Laura’s analysis of the company’s inventory accounts. 2. A large body of scholarly literature exists relating to the subject of choices of accounting methods. The choice of depreciation methods is an example of these accounting choices. The choice of depreciation method affects several ratios. Required: a. Explain which financial statement ratios are affected by the choice of depreciation methods, with specific attention to the effects of straight-line…
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