Accounting Methods
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GradingGuideWeek2.docPurpose 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 that occur in a business setting and determine how to properly analyze those events to identify the impact on both cash and accrual accounting methods.
Resources Required
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.
Grading Guide
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Content |
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Comments: |
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Explained how cash and accrual accounting differs for each of the events listed in the scenario and describe the proper accrual accounting.
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Assessed 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. Explained to management how BizCon could have positive net income and yet run out of cash. |
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The memo is a maximum 700 words in length. |
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Total Available |
Total Earned |
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85 |
#/85 |
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Writing Guidelines |
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Partially Met |
Not Met |
Comments: |
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The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. |
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Intellectual property is recognized with in-text citations and a reference page. |
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Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. |
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Sentences are complete, clear, and concise. |
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Rules of grammar and usage are followed including spelling and punctuation. |
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Total Available |
Total Earned |
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35 |
#/35 |
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Assignment Total |
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120 |
#/120 |
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Additional comments:
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