User Account

All Pages

Express it project description

Assignment Help Financial Accounting
Reference no: EM13342811

IT Project Description

You are given information about Doha Company which is a service company located in Qatar. You are expected to analyze, record and communicate that information by using Microsoft Excel. You will need to complete the accounting cycle in the following order:

a) Prepare journal entries in the general journal.

b) Post the entries to the general ledger.

c) Prepare the income statement, statement of changes in owners' equity and balance sheet.

Please note that you will be expected to apply basic Excel applications such linking the cells and using formulas (i.e. adding and subtracting information in the different cells). You will be graded on your ability to complete the accounting cycle by employing Excel functions. Should you need to type in items that are not available in the provided information, such as "current asset" in the balance sheet, then please feel free to do so. Additionally, you will need to:

1. Find information from the internet regarding the different risks that are found in companies.

You will need to provide the source (link to the website) from which you have obtain that information. Alternatively, you can submit a printed copy of the information obtained from the internet.

2. Please a report write a short report (one page or less) to answer the following:

a) Assume that Doha Company asked you for a loan. Based on the information in the financial statements, would you agree to give a loan to the company? Explain your answer.

b) In your opinion, how can information technology help businesses.

Reference no: EM13342811

Questions Cloud

Picturing culture : Picturing Culture
Explain the titration between borax and sulfuric acid : If we are using the 0.1% methyl red indicator, what is the approximate pH of the equivalence point of the titration between borax and sulfuric acid
What is an advantage of each metric compared to the other : The net present value and the internal rate of return are similar metrics to present the return of a project. What are the differences? What is an advantage of each metric compared to the other?
Determine the work function of the cathode : In a photoelectric-effect experiment, the maximum kinetic energy of electrons is 3.2eV . When the wavelength of the light is increased by 50% , What is the work function of the cathode
Express it project description : You are given information about Doha Company which is a service company located in Qatar. You are expected to analyze, record and communicate that information by using Microsoft Excel.
The methods people used to meet potential spouses before : 1. Johnson, et al. in their paper, Reinventing Your Business Model, identify 4 elements a firm needs to consider in defining its business model. One of these elements is the Customer Value Proposition. Describe eHarmony's value proposition. ..
Find the distance between the object and the final image : An object is 1.6 m to the left of a lens of focal length 0.92 m. A second lens of focal length -3.7 m is 0.62 m to the right of the first lens. Find the distance between the object and the final image formed by the second lens
Explain the standard cell potential e cell of the reaction : The standard cell potential E cell of the reaction below is -0.34 V. The value of delta G for the reaction is __________ kJ/mol. Cu (s) + 2H+ (aq) ? Cu2+ (aq) + H2 (g) +66 -0.34 -130 +130 none of the above
What is the magnitude of the force of gravity on your ship : You are on a spaceship that has discovered a giant artifact made by an alien civilization. what is the magnitude of the force of gravity on your ship from the semi-circle

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determining net cash flows from operating activities

Prepare the companys statement of cash flows for the year ended December 31, 20X1. Use the indirect method of determining net cash flows from operating activities.

  Explain how the following impacts the GDP

Explain how the following impacts the GDP: a. the sale of used textbooks back to the bookstore b. the purchase of a famous painting painted in 1890.

  How will the ppaca affect prescription drug costs

the government could take to encourage companies to conduct research and development and still control the costs of pharmaceuticals? How is it done in other nations

  Borrowing needs and preparation of statement of cash flows

Borrowing Needs and Preparation of Statement of Cash Flows

  Prepare the journal entry to distribute cash on february

Prepare the journal entry to distribute available cash on January 1, 2011. Include a safe payments schedule as proper explanation of who should receive cash.

  What sources are available to the auditors

Considering SAS 109 what kind of information should auditor have gathered during the preliminary stage of this audit in order to answer clins questions about the internal control? What sources are available to the auditors to help understand the ..

  Prepare appropriate entries for both iga and e leasing

Prepare appropriate entries for both IGA and E Leasing from the inception of the lease through the second rental payment on April 1, 2011. Depreciation is recorded at the end of each fiscal year

  Accounting and the time value of money

Current and Future computations of a single sum of money and current and Future computations of an annuity.

  What was the income tax expense

During 2010, Ace Company had sales of $376,000, operating expenses of $66,000, gross margin of 30%, cash dividends $30,000, other expenses/losses $15,000 and corporation income taxes of 30%. What was the income tax expense for 2010?

  What was the net asset change for the year

What was the net asset change for the year

  Explain how much gain must the sa general partnership

His basis in the equipment is $8,000, and his basis in the building is $20,000. Explain how much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew?

  What is hedge accounting

What amount should be used to consolidate Placo's cost of goods sold into Limko's income statement under the temporal method?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd