Grantham University

ACC450 W2A ACC450 Problems Week 2 Grantham University Problems Week 2  Chapter 3: 3-41. How does internal control benefit an organization? Internal control is beneficial to an organization because it helps to reduce the risk of not meeting its goals. Internal controls are important not only in public organizations but also in private companies because they provide protection for an organization's properties and reduce the potential for theft and mistakes to go undetected...

ACC450 W4M ACC450 Midterm Kenia Felix Grantham University Midterm What is an audit opinion? The audit opinion expresses the financial statements of the auditors' impartial auditors as a result of the review by the auditors. An independent accounting specialist completes the audit opinion, which includes a company's assets and liabilities and reveals the auditor's informed appraisal of the firm's financial status and potential. For clients, the audit opinion is very relevant as it infor...

ACC450 W7A ACC450 Problems Week 7 Grantham University Problems Week 7 ï‚· Chapter 13: 13-33. What are the relevant accounts when auditing debt obligations, and what is the auditor™s primary objective? The relevant accounts when auditing debt obligations are bonds payable, interest expense, gains/losses on refinancing debt, Notes Payable, and mortgages payable. The auditor™s primary objective is to decide if all responsibilities have been recorded, classified, and disclos...

ACC450 W8A ACC450 Problems Week 8 Grantham University Problems Week 8 ï‚· Chapter 15: 15-33. Why is the audit report important to the audit opinion formulation process? The audit report is critical to the audit opinion formulation process because it communicates pertinent facts about the audit to financial statement customers, both internal and external. 15-34. What are the requirements of the AICPA™s Principles 1 and 7 regarding audit reporting? Principle 1: œThe...

ACC499 W5A ACC499 Week 5 Assignment Grantham University The income statement begins with revenues from sales and services. Revenues are typically the single largest item on the income statement, and thus a major determinant of a firm™s profitability. [ CITATION Wah18 l 1033 ] Revenue recognition is part of the GAAP. It is when revenue is recognized and accounted for at a specific condition. It is realized usually when it is realized and earned, not necessarily when cash is received....

ACC499 W6A ACC499 Week 6 Assignment Grantham University Store-Driven Forecasts. The Home Depot is a leading specialty retailer of hardware and home improvement products and is the second-largest retail store chain in the United States. It operates large warehouse-style stores. In 2014 and 2015, The Home Depot invested in five new stores. The following table provides summary hypothetical data for The Home Depot (see textbook case 10.9). Required ·Use the preceding data for The Home Depo...

AH531 W1Assignment 1 AH531 Statements of Operations and Financial Statements College of Nursing and Health Professions, Grantham University AH531 List several efforts that have been enacted by payors to control costs — Factors that contribute to decreasing the costs of healthcare —‹ Value-Based Purchasing —‹ Management of physician preference in medical devices —‹ Generic drugs coming onto the market —‹ More robust use of health IT to manage population...

AH531 W4Assignment 1 AH531 Investment Payback Calculation College of Nursing and Health Professions, Grantham University AH531 — What is the difference between simple interest and compound interest? —‹Simple interest is calculated only on the original principal each year based on the amount, number of years, and how long the loan is being used. –  Formula for simple interest = PRT/100 —‹Compound interest is calculated based on both the original principal and any accu...

AH543 W6A AH543 Effectiveness of Strategic Plan Grantham University (HCAD) Healthcare Strategic Management AHA543 This week™s assignment was to discuss how an organization determines if its strategic plan is effective. A strategic plan describes your organization's opportunities, strengths, weaknesses, as well as potential threats. The strategic plan should be in-line with an organization's mission and vision statement. a good strategic plan targets your efforts so you can shape your c...

AH543 W7A AH543 Cost of the Value chain Grantham University (HCAD) Healthcare Strategic Management AHA543 For this week's assignment, we are to ow the cost of the value chain in a healthcare organization is determined. We are tasked with also discussing the importance of understanding the œwalking map as it relates to the value chain and strategy. A value chain is a model where an organization adds value to raw material to give it purpose and then sells it to the end-user. This model d...