Finance and Accounting
The Board of Directors for ABC Complete Kitchens, Inc. is concerned about financial and accounting management for the new plant once it is operational. The directors want to have key information in place that clearly shows how the plant Chief Financial Officer (CFO) will conduct financial management, perform bookkeeping operations, and track current assets. Specifically, the Board of Directors wants you to create a document that includes a description of the meaning and relevance of several key financial and accounting terms and principles. Use generic data for this assignment because the Board of Directors is only concerned with process and terminology at this point in the plant's financial systems development.
Review the resources listed in the Books and Resources area below to prepare for this week's assignment.
Activity Resources:
Book
Sullivan, D. 2011 Business strategies for organizational effectiveness within the global perspective.
Instruction:Read Chapters 7 and 8
Assignment : Discuss Finance and Accounting (11 Points) Due: 12/21/2014
Activity Description:
Prepare a memo response for financial management and accounting. Your instructor will assign you a group of terms for which you need to provide a definition and relevant business example for each term.
Contact your mentor via NCU email for your Group assignment.
Group #1:
Assets
Liabilities
Owner's Equity
Balance Sheet
Income Statement
Current Ratio
Group #2:
Quick Ratio
Total Debt Ratio
Inventory Turnover
Profit Margin
Return on Equity (ROE)
Internal Growth Rate
Group #3:
Bond Valuation
Stock Valuation
Modigliani and Miller (MM) Proposition I
Modigliani and Miller (MM) Proposition II
Notes Receivable
Interest Accrual
Length: 5-7 pages not including title and reference pages
Your response should include definitions and examples associated with the aforementioned items.
The only required references for this assignment are the chapters included within the e-book, which contain all the information you need to complete this assignment. You may re-create the examples from the textbooks using your own generic data.
Your writing should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Responses should reflect graduate-level writing standards and have no spelling, grammar, or syntax errors.
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Activity Learning Outcomes:
7.0 Critique the relevance of Generally Accepted Accounting Principles (GAAP) for accounting using updated accounting rules and Financial Management Capital Investment Principles in an organization.
Additional Requirements