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Question: 1. Assume that you are an accountant at XYZ Company. XYZ management has asked you to assist them with an issue. XYZ is considering the option to invest excess cash in short-term financial instruments. XYZ wishes to have access to the investments as quickly as possible in order to pay bills and meet employee payroll and have a return on their investment. Briefly discuss which factors you would be focusing on under each of the six (6) steps.
2. In your own words briefly describe the research tools available including the RIA Checkpoint database - Practice Area: Acct, Audit & Corp Finance and the FASB Accounting Standards Codification database (See access for each database below).
3. Access the RIA Checkpoint and the FASB Accounting Standards Codification database (instructions below) for the appropriate research step and describe your findings related to the short-term investment issue.
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