I have 6 assignment about accounting capstone class. Its just and one project but its 6 assignment. Here is the document

Assignment 1 It might be difficult for you to imagine yourself in a professional role using your newly earned accounting degree. Or maybe you're already using your course information and skills and are formalizing your education by earning your degree. In either case, it's always a good practice to reflect on what skills, degrees, and certifications employers are looking for in their new hires, and what positions are available in your area. As you reflect on your education and work path thus far in your life, consider the impact of your education and how you will continue to learn throughout your life, not just in the classroom but on the job, in training, workshops, seminars, and professional development opportunities. Using at least one Internet search engine, research and gather the finer details for two open positions in your geographic area; one should be a position that you can obtain now with your Associates Degree in Accounting, the other should be a "reach" goal position--something that you might need some more experience, education, or time in the industry to obtain. Learn more about the general requirements and expectations of careers using the Occupational Outlook Handbook: http://www.bls.gov/ooh/ or O*NET OnLine: https://www.onetonline.org/. While conducting your research, take notes about your process, including the search engine you used, your search terms and phrases, and the ways you narrowed your search results to your specific field and region. Once you have located the requirements of these two positions, create a table in Microsoft Word that includes the following information: Name of employer Title of position Location of position Pay rate or range Prior experience requests or requirements Accounting specific skills required Transferable skills required Certifications required Once you have completed the table, address the following questions in the Word document below your table. How do you rate your accounting specific skills in relation to the requirements of your attainable position chosen? Are you ready to start your new career? Or do you feel that there will be more to learn once you land the job? Give specific examples to support your assessment of your job readiness. How do you rate your transferable skills required in your attainable position chosen? Which transferable skills would you like to enhance to better prepare you for this position? Give specific examples of how you might go about doing so. How might you prepare yourself for job interviews for these positions? Using at least two credible sources (articles from professional magazines and associations, case studies, and newspaper articles might be especially helpful) from Rasmussen College Library databases such as Business Source Complete and Business via ProQuest, research and learn about interview preparation tactics. Then think about and explain some interview preparation strategies that you would use. Considering your "reach" goal position, do you feel you have the accounting specific skills necessary right now to perform well in that position? Is it a reach because of the experience required or the education required? Or both? Do you see yourself going back to school to earn additional credentials or pursuing certifications to assist you in securing a position such as this? Explain any additional degrees or certifications you feel might be necessary and helpful as you progress through your career. Explain which Internet search engine(s) and library databases you used. Which resource(s) did you research from those queries? Explain the search terms you used and share to what degree of success you experienced with those terms. Were they too broad or too specific? What search terms and tools ultimately brought you to your desired results? Provide APA in-text citations and a reference page to indicate sources selected and used. Looking Ahead: As you complete these tasks, consider using your optional journal to record the transferable skills you are using: information literacy, digital fluency, and communication skills are all being used at some level in this project. Remember, the final phase of this course project will be a reflection assignment regarding your display of transferable skills throughout the project. You will be well served to put your thoughts in writing now, allowing for a more robust reflection at the end of the project. Assignment 2 Congratulations! Through your research and efforts last week, you've been offered and accepted a position as a staff accountant at ABC Tax & Accounting Service. As a public accountant, you will work with many clients and organizations every day. This requires a number of skills, including time management, communication, information literacy, digital fluency, and teamwork, along with accounting knowledge and skills. In this new position, you have a number of duties and clients you are responsible for. After a long weekend, you arrive to the office on Monday morning, April 11th, to the communications and issues in this document. Along with all of the communications on your task list, you have work from prior weeks to attend to as well, including the March bookkeeping for Buzz Electricals, quarterly payroll reports for the Ripp Sewing Company due to be postmarked by April 30th, and a few tax returns that were started last week that clients would like to review and sign on Wednesday of this week. Your schedule for the day shows the following: MONDAY, APRIL 11th 8am-9am 9am-10am Staff Meeting 10am-11am 11am-12pm 12pm-1pm Lunch - Planning Session 1pm-2pm New Tax Client Meeting 2pm-3pm 3pm-4pm 4pm-5pm Training - "Affordable Care Act Im To complete this assignment, do the following: Prioritize what you will be working on today. In a single Word document, create a schedule in tabular format (you can use the schedule table above as a starting point) that shows the tasks you plan to complete today. Then, beneath the table, address the following: 1 Justify any tasks that you will be pushing to tomorrow or later and explain how you plan to address any scheduling or deadline conflicts. 2 Explain at least one alternative to the schedule you have created for yourself. Why is your chosen schedule more efficient/beneficial than other option? How does your choice benefit your employer? Your clients? You as an employee? Share how you will be responding to the email and voicemail messages in the document posted above using the following guidelines: 1 Emails should be written exactly as you would send them to clients or vendors, and voicemails should be scripted as exactly what you would say in response to the issues being raised. 2 Ensure you are providing accurate and pointed information along with any relevant details needed in your communications. 3 Remember to communicate in a professional and appropriate manner, keeping your audience and communication purpose in mind, as would be expected of you on the job. 4 Your submission can be a combination of different types of communications to address the concerns and issues that have arisen above. This might mean using a Word document, Excel document, or PowerPoint document or any combination thereof. Or you may decide to handle all communications in a single type of format. 5 Your communications should be clear, professional, and free from grammatical error, effectively using spellcheck and dictionary tools within the software programs chosen. Remember to give credit to any external sources used by providing in-text citations and a reference page. Assignment 3 As a staff accountant at ABC Tax & Accounting Service, you have a number of clients who need a variety of services from you. Some will contract with you to do their payroll only, some will ask that you perform the full accounting cycle for them from journal entries to financial statements to closing entries and preparation of the tax returns and payroll reports. One of your clients is Marabelle Hernandez, owner of Marabelle's Craft 'n Shop. As the accounting period comes to an end, you will prepare the adjusting and closing entries, as well as prepare the financial statements and for Marabelle's Craft 'n Shop. Please download and use the template below to complete your work. Module 03 Course Project Assignment Template Your order of completion should be: Complete the adjusting journal entries. Enter the adjusting journal entry amounts in the worksheet "Adjusting Entries" columns. Solve for the balance changes and enter new account balances in the "Adjusted Trial Balance" columns. Transfer income statement account balances to the "Income Statement" debit and credit columns, and transfer balance sheet account balances to the "Balance Sheet" debit and credit columns. Enter formulas to show total debits and credits of all worksheet columns. In the Debit side of the Income Statement columns and the Credit side of the balance sheet columns, enter the net income figure and find balance in debits and credits for these two worksheet items. Journalize the closing entries. Recall, we close Revenue, Expense, and Drawing accounts. Use the Income Summary account to close revenue and expenses to, and the capital account to close the drawing account to, as Marabelle is a proprietor and not a corporation so there is no retained earnings account to be used. Complete the Income Statement. Complete the Balance Sheet. Remember, Marabelle's capital account balance will have changed from the worksheet balance to include the net income and the drawing balance. Complete the Statement of Cash Flows. Use the "2015 PCTB" tab for end of last year's account balances to compare to end of the current year's balances for your operating section information. On Ratio Analysis tab in the template, show a basic analysis of the information found in the statements. This should include, at minimum, the following ratios: 1 Current Ratio 2 Inventory Turnover 3 Debt Ratio 4 Gross Profit Percentage 5 Profit Margin For each ratio, include what the benchmark is for that ratio for a company in the craft store market. In a separate Word document, address the following questions related to the income statement, balance sheet, statement of cash flows, and ratio analysis. Answer the following questions pertaining to the income statement: 1 2 3 Answer the following questions pertaining to the balance sheet. 1 2 3 What are the different formats available for presenting the balance sheet? Which format is being used in the balance sheet presentation on the Balance Sheet tab? How can you tell? Why is this format important for this type of business? What elements does it show that are important for decision making? Answer the following questions pertaining to the statement of cash flows: 1 2 3 What are the different formats available for presenting the income statement? Which format is being used in the income statement presentation on the Income Statement tab? How can you tell? Why is this format important for this type of business? What elements does it show that are important for decision making? What are the different formats available for presenting the statement of cash flows? Which format is being used in the statement of cash flow presentation on the Statement of Cash Flows tab? How can you tell? Why is this format important for this type of business? What elements does it show that are important for decision making? Lastly, answer the following questions pertaining to the results on the Ratio Analysis tab: 1 What is the benchmark for each ratio? Why is it important to use benchmarks or historical numbers for comparison? 2 Are Marabelle's ratios falling within appropriate range? Explain. Looking Ahead: As you complete these tasks, consider using your optional journal to record the transferable skills you are using: digital fluency and critical thinking skills are both being used at some level in this project. Remember, the final phase of this course project will be a reflection assignment regarding your display of transferable skills throughout the project. You will be well served to put your thoughts in writing now, allowing for a more robust reflection at the end of the project. Assignment 4 As a staff accountant at ABC Tax & Accounting Service, you have a number of clients that have requested consultation services on a variety of different topics. Marabelle Hernandez, owner of Marabelle's Craft 'n Shop has requested consulting work on the following issues that have recently arisen in her business. Over the past three weeks, a few situations have caused Marabelle to take pause and consider whether there is possibly something questionable happening on the sales floor and in other areas of the business: Scenario #1: Marabelle has noticed a group of three employees becoming very close and taking turns coming in late. At first it wasn't very noticeable, but in reviewing timecards and hours paid for last week, she discovered that Betty Gamble's timecard states she punched in at 8am every day last week when Marabelle saw her come in at 8:15 one morning, 8:20 another, citing her commute in bad weather being the issue. Scenario #2: Gladdie McMulligan, one of the top sales staff, was scheduled to begin a 12-week maternity leave in 6 weeks; however, she had the baby early and has now begun her leave of absence, leaving her sales shifts to be covered over the next 6 weeks. Marabelle's Craft 'n Shop is open from 8am to 8pm, every day of the week. Gladdie's shifts were Thursday-Monday, 10am-7pm. There are 4 sales team members including Gladdie. Marabelle prefers not to pay overtime, so scheduling any one employee for more than 40 hours per week is not desired. The sales staff includes the following individuals: Robert Jones: Single father of 3 children, relies on daycare and works only while the daycare provider can care for his children, which is MondayFriday, 7am-6pm. Robert currently does not work weekends. Robert DOES do much of the shelf stocking and heavy lifting on the team, and keeps store displays running smoothly due to his experience with technology. Amelia Rashad: Does not work weekends as her faith requires her to observe the Sabbath. Amelia often works evenings throughout the week, and also holds demonstration workshops when necessary, as long as they are not on the Sabbath. Miranda Michaels: Prefers to work daytime hours, but is willing to work one day each weekend through Gladdie's maternity leave. However, Miranda commutes 50 miles to work one way; therefore, she prefers to have full day schedules as opposed to half-days or split shifts. Scenario #3: Marabelle's office manager spends most of her day managing paperwork, recording daily sales, deposits and purchases, as well as counting all coin and currency from the prior day's tills, making the deposit slip out, depositing the funds, and recording the deposit in the computerized accounting system. She is also responsible for paying bills and running payroll, as well as the recording and payments of sales tax, payroll taxes, and reporting financial information to Marabelle. Because of increased pressure to make sales quotas, the sales team manager has requested more frequent reporting of sales from the office manager. With her current required duties, this additional requirement on her time may not be appropriate. With these situations having arisen, and the pressures present to make poor or uninformed decisions, prepare a memo to Marabelle Hernandes, owner of Marabelle's Craft 'n Shop, relaying your concerns, ensuring your tone is appropriate and professional for the audience in this situation. Specifically, address the following: Address the following for Scenario #1: 1 2 3 What are the legal and ethical issues regarding the situation explained in Scenario #1? What would you recommend Marabelle say to the three employees to explain, in a professional and courteous yet firm way, the legal and ethical issues presented by their actions? What should Marabelle say to the three employees about how their actions could affect their personal integrity? Address the following for Scenario #2: 1 Prepare a proposal for covering Gladdie McMulligan's sales shifts during her absence as described in Scenario #2. In your plan, explain how you considered the individual team member's personal situations and limitations and how you would suggest covering any vacant shifts. Be creative and think out of the box if necessary! 2 3 4 Address the following for Scenario #3: 1 2 3 4 How would you explain to the remaining team members the importance of working together to come up with a schedule that works for all involved? Many teams are made up of individuals like these, with diverse perspectives, beliefs, and backgrounds. Why is it important to be respectful and inclusive of differences? How do diverse individuals contribute to the success of the team? How does diversity contribute to the success of the organization? Additional reporting creates more workload for the office manager. Is the request for this additional reporting appropriate? Explain. What is the office manager's responsibility to the organization in accurate and mindful reporting of sales information more frequently than has been previously prescribed? How appropriate is the level of control the office manager currently has over information and funds throughout all scenarios? What, if any, internal control concerns should Marabelle be made aware of? Use supporting evidence from at least 2 professional resources such as magazines, case studies, and other trade publications to justify and explain the need for a company code of ethics, using the situations above in support of your justification for the need for a company code of ethics. Remember you can find these types of resources in library databases such as Business Source Complete and Business via ProQuest. Remember to be factual and to leave emotions out of your statements. Also, your statements should be solution-driven, meaning proposing any policy changes, intercompany communications, internal audit checks, internal control reviews, or other areas you feel could be helpful in maintaining the highest of ethics for the company. You may also wish to consider any conflicts of interest or crossing of ethical boundaries in your own position as Marabelle's tax accountant. Provide APA in-text citations and a reference page to indicate sources selected and used. Looking Ahead: As you complete these tasks, consider using your optional journal to record the transferable skills you are using: ethics and professionalism, information literacy, and digital fluency skills are all being used at some level in this project. Remember, the final phase of this course project will be a reflection assignment regarding your display of transferable skills throughout the project. You will be well served to put your thoughts in writing now, allowing for a more robust reflection at the end of the project. Assignment 5 Your client Marabelle, owner of Marabelle's Craft 'n Shop, has requested a business consultation meeting with you. She would like for you to explain to her how her business is doing and what areas of improvement she can make to be more profitable. She wants to ensure she's in a good position with the debt she carries and to see what she might need to consider before opening a second storefront--something she'd like to possibly do in the next 12 months. Using the financial information you completed for Marabelle's Craft 'n Shop and pertinent information from the ethical situations presented in previous course project assignments, create a presentation for Marabelle including at minimum the following information: Background information on Marabelle's company, including products, competitors, and the current market base. You may use your own geographical information in terms of who the competition is, and what the market base is. Be sure to share what that geographical location is in your information. Current financial statements and analysis of key financial factors. Be sure to consider profitability, further revenue earning, and profit potential to recommend to Marabelle. Also consider liquidity and solvency. 1 2 If you believe Marabelle is in a position to take on additional debt for a second location if she wishes, how much could she take on? What might her payback plan be? Don't forget interest expense and its impact on profitability. If you don't believe Marabelle should take on additional debt at this time, explain why. What steps can she take over the next year or so to improve her situation and possibly open that second storefront in the long run? Are there other options Marabelle could consider in raising the funding needed in order to open the second location? Consider that Marabelle's Craft 'n Shop is currently a proprietorship. Are there opportunities with other business formats that might help Marabelle meet her goals? What are the benefits and the drawbacks of changing business format? Include visual aids, such as charts, tables, or images, to support your information and suggestions and to help the client visualize what you are explaining. Any other considerations, cautions, or ideas you wish to share with Marabelle as she considers opening a second storefront in the next year or beyond. Remember to cite any sources used in proper APA format including in-text citations and a reference page, and be mindful of your audience and purpose of the presentation as you create your presentation. Your presentation should be visually appealing and use proper spelling, grammar, and professional language, as should your speaker notes. Your submission should minimally include the following: PowerPoint slideshow or other presentation software or video. Use your chosen application's grammar and spelling tools to check your work. Speaker notes of your script in the slides for the presentation. These should read exactly as you would deliver the presentation. Use of PowerPoint and speaker notes is required even if you choose to deliver the presentation vocally using presentation software tools or creation of a video. If you choose a presentation software or to create a video in lieu of the PowerPo to ensure that he/she is able to open and view your format. Looking Ahead: As you complete these tasks, consider using your optional journal to record the transferable skills you are using: digital fluency, critical thinking, and communication skills are all being used at some level in this project. Remember, the final phase of this course project will be a reflection assignment regarding your display of transferable skills throughout the project. You will be well served to put your thoughts in writing now, allowing for a more robust reflection at the end of the project. Assignment 6 In a minimum of 1 full page in a separate Word document, write an essay (full introduction and conclusion), which includes the following: Describe the knowledge, skills and/or attitudes regarding each of the transferable skills that you've gained as a result of completing this particular project/assignment. Discuss the ways that you are going to incorporate the transferable skills (the transferable skills that you showcased in your exemplary project) into your work within your chosen career field. Describe your future goals based on the transferable skills that you've chosen to showcase. Write your paper utilizing proper tone, spelling, and grammar. ABC Tax & Accounting Work Task List Staff Accountant The following emails, voicemails, and interoffice notes have occurred throughout your day: Email received on Friday, April 8th at 5:32pm from Bob Dillon, a tax client. Your research of Bob's Form 1040 tax return for this year reveals that Bob is a single, selfemployed individual with no dependents who shows an adjusted gross income of $52,300 on his tax return filed two weeks ago. Email received on Monday, April 11th at 7:48am from William Knoll. Phone message left on voicemail at 7:58am from William Knoll. Email notification received at 8:46am that the staff meeting scheduled for 9:00am today has been moved to 10:00am. During the staff meeting, another call is left on your voicemail from William Knoll. Payroll timecards are dropped off by Widgets International to be tabulated for their payroll on April 15th. John Farmer dropped off his January-March bank statements and check register information for bookkeeping. John is a small business owner and has financial statements prepared by you quarterly for his loan officer. The January-March financials need to be delivered to his loan officer by April 30 th for John to be in compliance with his loan requirements. You have a lunch meeting set up with your manager to catch up on your continuing education progress and your plans for the future. You need to draft a plan for your continuing education progress and goals to present to your manager. He has asked that you set three short-term and three long-term professional goals for yourself to work towards. A phone message was left at 12:34pm from the A/R Manager at Booming Records. Investigation of the situation shows that Booming Records received a check for $400, but the check was written payable to ABC Shingling. Respond appropriately. *No action required on this tab. Informational only for preparing the Statement of Cash Flows. Marabelle's Craft 'n Shop Post Closing Trial Balance For the period ended December 31, 2015 Cash Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation-Store Equipment Shop Equipment Accumulated Depreciation-Shop Equipment Accounts Payable Salaries Payable Interest Payable Note Payable (due 2020) Marabelle, Capital DR 64,900 179,200 186,980 4,220 1,880 50,000 CR 7,500 52,000 7,860 168,600 707,780 41,040 65,000 7,500 4,500 40,200 534,180 707,780 Marabelle's Craft 'n Shop End of Period Worksheet For the period ending 12/31/2016 Cash Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation-Store Equipment Shop Equipment Accumulated Depreciation-Shop Equipment Accounts Payable Salaries Payable Interest Payable Note Payable (due 2020) Marabelle, Capital Marabelle, Drawing Sales Cost of Merchandise Sold Sales Salaries Expense Service Salaries Expense Office Salaries Expense Advertising Expense Depreciation Expense-Office Equipment Depreciation Expense-Store Equipment Depreciation Expense-Shop Equipment Miscellaneous Selling Expense Rent Expense Insurance Expense Interest Expense Office Supplies Expense Miscellaneous Administrative Expense Unadjusted Trial Balance (12-31-16) DR CR 184,500 145,200 210,000 6,720 4,080 60,000 6,000 40,000 9,360 185,600 41,040 68,720 55,200 534,180 42,000 1,468,000 900,000 207,840 100,980 52,560 1,920 37,620 1,560 1,920 2,182,500 2,182,500 Adjusting Entries DR CR Adjusted Trial Balance DR CR Income Statement DR CR Balance Sheet DR CR Marabelle's Craft 'n Shop Income Statement For the Period Ended December 31, 2016 Sales Cost of Merchandise Sold Gross Profit Selling Expenses: Sales Salaries Expense Service Salaries Expense Advertising Expense Depreciation Expense-Store Equipment Depreciation Expense-Shop Equipment Miscellaneous Selling Expense Administrative Expenses: Office Salaries Expense Depreciation Expense-Office Equipment Rent Expense Insurance Expense Office Supplies Expense Miscellaneous Administrative Expense Income from Operations Other Expense: Interest Expense Net Income Marabelle's Craft 'n Shop Balance Sheet December 31, 2016 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance Total Current Assets Property, Plant, & Equipment: Office Equipment Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation-Store Equipment Shop Equipment Accumulated Depreciation-Shop Equipment Total PP & E Total Assets Liabilities and Owner's Equity Current Liabilities: Accounts Payable Salaries Payable Interest Payable Total Current Liabilities Long-Term Liabilities Notes Payable Total Liabilities Owner's Equity Marabelle, Capital* Total Liabilities and Owner's Equity *Remember, Marabelle's capital account balance will include the increase for net income, the decrease for drawings from this year. Marabelle's Craft n' Shop Statement of Cash Flows For the Period Ended December 31, 2016 Cash Flows from Operating Activities Net Income Depreciation Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Office Supplies Increase in Prepaid Insurance Increase in Accounts Payable Decrease in Interest Payable Increase in Salaries Payable Total adjustments Net Cash Flows Provided from Operating Activities Cash Flows from Investing Activities Shop Equipment Purchased Net Cash Flows Used by Investing Activities Cash Flows from Financing Activities Cash Paid for Owner Draw Cash received for Note Payable proceeds Net Cash Flow Used by Financing Activities Net change in cash Cash, beginning Cash, ending Marabelle's Craft 'n Shop Ratio Analysis Fiscal Year 2016 Prepared by: _______________________ Formula: Appropriate Ratio Range Marabelle's or 2016 Results Benchmark Current Ratio Current Assets/Current Liabilities Inventory Turnover Cost of Goods Sold/ Average Inventory Debt Ratio Total Liabilities/Total Assets Gross Profit PercentageGross Profit/Sales Profit Margin Net Income/Sales