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UOP FIN 324 / assignmentclick.com > FIN 324 Complete Class > Flashcards

FIN 324 Complete Class Flashcards

1
Q

FIN 324 Complete Class

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A

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2
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FIN 324 Final Exam

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  1. The primary users of external financial reports are
    a. Those who direct day to day operations of a business enterprise
    b. Individuals who have an economic interest in the firm but who are not part of management
    c. Managers of an enterprise who plan, implement plans, and control costs
    d. None of the above
A

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3
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FIN 324 Week 1 DQ 1

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Discuss the difference between financial and managerial accounting.

A

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4
Q

FIN 324 Week 1 DQ 2

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What is the Financial Accounting Standards Board? What is their purpose?

A

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5
Q

FIN 324 Week 1 DQ 3

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Discuss the difference between Certified Public Accountants (CPAs) and Certified Managerial Accountants (CMAs)

A

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6
Q

FIN 324 Week 1 DQ 4

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Describe in detail the purpose of the Securities Exchange Commission (SEC).

A

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7
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FIN 324 Week 1 DQ 5

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What was the purpose of the Sarbanes Oxley Act of 2002?

A

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8
Q

FIN 324 Week 1 DQ 6

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What is the purpose of adjusting entries?

A

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9
Q

FIN 324 Week 1 DQ 7

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What is a Sub S type of business?

A

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10
Q

FIN 324 Week 1 Individual Assignment Ethics Article Review

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Locate an article discussing ethics in accounting and financial decision making.
Prepare a 350- to 700-word review of your selected article. Use the Electronic Reserve Readings (ERR) for FIN/324, the Internet, or other resources locate an article discussing ethics in accounting and financial decision making. Address the following items in your review:

A

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11
Q

FIN 324 Week 1 Summary

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A

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12
Q

FIN 324 Week 2 DQ 1

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Describe the relationship between debt and equity on balance sheet and financing activities on cash flow statement.

A

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13
Q

FIN 324 Week 2 DQ 2

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Is there a difference between cash and income? Is one more important than the other?

A

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14
Q

FIN 324 Week 2 DQ 3

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Example of how cash flow and net income work together.

Is one more important than the other one?

Discuss the importance of ethics and internal control programs.

A

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15
Q

FIN 324 Week 2 DQ 4

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Discuss the importance of separation of duties where it relates to the accounting function.

A

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16
Q

FIN 324 Week 2 DQ 5

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What is the benefit of cross functional training where it relates to the accounting function?

A

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17
Q

FIN 324 Week 2 DQ 6

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Discuss the two different financial statements. Describe their purpose, layout, and relationship to another financial statement.

A

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18
Q

FIN 324 Week 2 Learning Team Assignment Review of Financial Statements Paper

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You are attending a managerial meeting in your publicly held organization to hear a proposal for a possible corporate merger with a competitor. After a brief discussion, the chief financial officer conducts a presentation showing the competitor’s financial statements. Some of your colleagues have little or no financial background. You have decided to further their understanding by conducting a financial comparison of two publicly traded organizations.

A

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19
Q

FIN 324 Week 2 Summary

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A

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20
Q

FIN 324 Week 3 DQ 1

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What is the difference between operating and financial leverage? Can there be too much financial leverage in a firm? Why or why not?

A

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21
Q

FIN 324 Week 3 DQ 2

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What is the value of common stock dependent on?

A

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22
Q

FIN 324 Week 3 DQ 3

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Should a company have more debt or more equity in its capital structure? Explain

A

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23
Q

FIN 324 Week 3 DQ 4

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What are three U.S. stock exchanges where equities are publicly traded? Why may a stock split not be of great value to existing shareholders? How can a dividend policy be amended to address shareholders’ expectations of increasing returns?

A

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24
Q

FIN 324 Week 3 DQ 5

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How do we estimate future dividends?

A

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25
Q

FIN 324 Week 3 Individual Assignments from the Readings

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Resource: Accounting Concepts and Applications

• Prepare answers to the following exercises:o Practice Exercise 2-14 (Ch. 2) of Accounting Concepts and Applicationso Exercises 2-25, 2-27—Part 1—2-32, 2-29, and 2-33 (Ch. 2) of Accounting Concepts and Applications

A

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26
Q

FIN 324 Week 3 Learning Team Assignment Key Financial Relationships Paper

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  • Resource: Review of Financial Statements Paper
  • Prepare a 1,050- to 1,400-word summary comparing the organizations’ two most recent fiscal years based on the following:
A

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27
Q

FIN 324 Week 3 Summary

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A

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28
Q

FIN 324 Week 4 DQ 1

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Define the purpose of working capital.

A

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29
Q

FIN 324 Week 4 DQ 2

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Why is controlling turnover in the inventory important? How can improvements in inventory management affect profitability?

A

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30
Q

FIN 324 Week 4 DQ 3

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What costs are associated with inventory?

A

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31
Q

FIN 324 Week 4 DQ 4

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Why is controlling turnover in the inventory important? How can improvements in inventory management affect profitability?

A

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32
Q

FIN 324 Week 4 DQ 5

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What are ramifications if an organization has too much cash on hand?

A

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33
Q

FIN 324 Week 4 DQ 6

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How have recent zero money down and zero money interest for 12 months offers affected potential cash buyers?

A

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34
Q

FIN 324 Week 4 DQ 7

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How does extending credit affect working capital requirements and the cash conversion period?

A

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35
Q

FIN 324 Week 4 Individual Assignments from the Readings

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  • Resource: Accounting Concepts and Applications
  • Prepare answers to the following questions and exercises:o Discussion Questions 9-11, 16, and 18 (Ch. 15) of Accounting Concepts and Applicationso Practice Exercise 15-8, 15-12, and 15-14 (Ch. 15) of Accounting Concepts and Applicationso Exercise 15-23 (Ch. 15) of Accounting Concepts and Applications
A

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36
Q

FIN 324 Week 4 Learning Team Assignment Final Report and Presentation

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The chief executive officer of your organization has asked you to compare the organization you are thinking of acquiring with a competitor. Obtain financial statements for the organization under investigation and its competitor, and perform the following tasks:

A

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37
Q

FIN 324 Week 4 Summary

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38
Q

FIN 324 Week 5 DQ 1

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What is the difference between stocks and bonds? Which represents more risk to the organization?

A

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39
Q

FIN 324 Week 5 DQ 2

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How does an organization affect its stock price?

A

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