The purpose of the assignment is to assess your ability to analyze and communicate the results of an ethical case problem using a concise business writing style.
Analyze and communicate the results of an ethical case problem
Financial & Managerial Accounting Case Study (8-1)
Purpose: The purpose of the assignment is to assess your ability to analyze and communicate the results of an ethical case problem using a concise business writing style.
Overview: Read chapter eight from (Mintz, S. & Morris, R. (2020).
Ethical obligations and decision-making in accounting: Text and Cases (5th ed.). McGraw-Hill Education. ISBN: 9781259969461). Action Items Read chapter 8 then read (Case 8-1): Research Triangle Software Innovations (a GVV case) in the USA.
Also, answer questions (1-2-3) according to the Business Brief Guidelines, use your critical thinking and creative analysis.
Write a 3-page analysis to answer the whole 3 questions in the case according to the Business Brief Guidelines.
Complete sentences must be used (bullets are not acceptable).
Your analysis must be covering all the related information to the case from the chapter, using a concise writing style, with no repeated or confusing narrative.
Lastly, the analytical section should analyze the problem, include a logical discussion, and relevant inform.
In addition, there are eight types of financial accounting. Each branch has come about thanks to technological, economic or industrial developments and has its own specialized use.
Accountants tend to specialize in one branch.
Some of these branches of accounting are important to small businesses.
More so, financial accounting involves recording and categorizing transactions for business. This data is generally historical, meaning it’s from the past.
In conclusion, all financial statements, such a balance sheet and income statement, must be prepared according to the generally accepting accounting principles (GAAP), according to Accounting verse.
Financial accounting is performed to conform to external regulations and is not for internal employees to analyze and make financial decisions—managerial accounting is used for this purpose.
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