Preparation of financial reports for internal users

Assignment Help Business Management

Reference no: EM132358326

Assignment Content

Purpose of Assignment

This week's focus is on the preparation of financial reports for internal users, such as managers. This case study applies the concepts of managerial accounting, through comparative and ratio analysis, and requires students to identify financial data needed by managers for decision making.

Resources

- Ratio Analysis Grading Guide

- Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC)

- Scenario Worksheet Tutorial help on Excel and Word functions can be found on the Microsoft Office website. There are also additional tutorials via the web offering support for Office products.

Assignment Steps

Scenario: You are a loan officer for White Sands Bank of Taos. Paul Jason, president of P. Jason Corporation, has just left your office. He is interested in an 8-year loan to expand the company's operations. The borrowed funds would be used to purchase new equipment. As evidence of the company's debt-worthiness, Jason provided you with facts (available in the attached Scenario Worksheet). Jason is a very insistent (some would say pushy) man. When you told him you would need additional information before making your decision, he acted offended and said, "What more could you possibly want to know?" You responded you would, at minimum, need complete, audited financial statements.

Develop a minimum 800-word examination of the financial statements and include the following:

1. Explain why you would want the financial statements to be audited.

2. Discuss the implications of the ratios provided for the lending decision you are to make. That is, does the information paint a favorable picture? Are these ratios relevant to the decision? State why or why not.

- Evaluate trends in the performance of P. Jason Corporation. Identify each performance measure as favorable or unfavorable and explain the significance of each.

- List three other ratios you would want to calculate for P. Jason Corporation, and in your own words explain in detail why you would use each.

- As the loan officer, what else would you do to gain a better understanding of Paul Jason's, and the Corporation's financial picture and why?

- Based on your analysis of P. Jason Corporation, will you recommend approval for the requested loan? Provide specific details to support your decision.

Format the assignment according to APA guidelines.

Attachment:- Scenario Worksheet-University of Phoenix Material.rar

Reference no: EM132358326

Questions Cloud

Discovery with empathy : Discovery with Empathy What have you done to understand your customer. What is your statement of the problem solving competency and customer requirements

Objectives for your training and development plan : Post a rewritten version of your topic and objectives for your training and development plan

Examine organization differentiation and growth strategy : Describe the organizational structure and design. Examine the organization's differentiation and growth strategy.

Define what is meant by delegation : Define what is meant by delegation. Discuss why managers choose to delegate and why they may choose to do the task themselves.

Preparation of financial reports for internal users : Preparation of financial reports for internal users, such as managers. Case study applies concepts of managerial accounting, through comparative-ratio analysis,

Evaluating qualitative study : PSL7030-Describe the sampling strategy used and provide a rationale for selection. Evaluate how ethical recruitment and data collection were ensured.

Define what is meant by delegation : Define what is meant by delegation. Discuss why managers choose to delegate and why they may choose to do the task themselves.

Applying leadership paper-dominant leadership style : Select a prominent leader and identify their dominant leadership style. Describe at least three different types of behavioral leadership approaches.

Prepare financial and business analysis : Prepare a financial and business analysis of Tootsie Roll Industries, Inc. (1,500 to 2,750 words) in order to secure a loan for the company.

User Account

All Pages