Get help for AB 116 Entire Course of Kaplan University. Please take this opportunity to introduce yourself and to learn something about each other. · If you could start your own company, what would it be? · How can accounting help you in your pursuit? Go to the American Institute of Certified Public Accountants website to read about the Sarbanes Oxley Act of 2002 (SOX). Also, select Journal of Accountancy to read additional information on SOX. Read about Section 404, compare the requirements of Section 404, and respond to the Discussion topic. Feel free to include additional websites for this Discussion as well. Remember to cite all references used. What does Section 404 require management’s internal control report? Be sure to check your Syllabus for Discussion participation requirements. For this week’s Discussion, you will review the annual reports of the Coca-Cola Company and Wal-Mart, two of the largest publicly traded firms in America. Compute and compare the accounts receivable turnover ratios for Coca-Cola and Wal-Mart.
Indicate all numbers you used to calculate the ratio. What constitutes a “reasonable” accounts receivable turnover ratio? What characteristic(s) of these companies would indicate that these ratios are reasonable? An article recently appeared in the Wall Street Journal indicating that companies are selling their receivables at a record rate. Why might Coca-Cola and Wal-Mart sell their receivables? You will need to find the financial information and the annual reports. At the site, rest your mouse over Coke in the USA (top of the page); on the drop-down menu, select “About The Coca-Cola Company,” then “Investors,” and finally “Financial Reports & Information.” Choose the most current Annual Report. Note in the Discussion Board which year’s information you used. You will need to scroll through the annual report to find the information that you need to answer the questions. Remember what you learned in Accounting I about financial statements to help you find what you need.
Remember what you have learned in Accounting I about financial statements to help you find what you need. · Follow the link above to Wal-Mart’s website. · Scroll to the bottom of the page. · Select the “2014 Annual Report” PDF link. Respond using the information from the website visits. Take the time to review the responses of your classmates and provide your feedback. Jamie is here again to describe a situation to you. Watch the video. To read a text version of her message, select read script. Discuss whether Esteban is performing in a professional manner. If you were a manager, what would you do differently in order to make sure your employees are not using the company’s assets for their own benefit? Research and analyze the ethical and legal issues involving the use of a company’s assets by employees. Employees should know that the use of a company’s assets is unethical, but many employees do it anyway. Does Esteban’s position with the company and his use of the company phone and assets expose the company to potential liability?
Why or why not? Special instructions for this Discussion: Use a minimum of two outside sources and cite references. Your initial post must be a minimum of 250 words in length to adequately discuss this situation. Be sure to check your Syllabus for Discussion participation requirements. This week’s Discussion topic comes from BYP11-2 in your textbook. At December 28, 2013, what was PepsiCo’s largest current liability account? What were its total current liabilities? At December 31, 2013, what was Coca Cola’s largest current liability account? What were its total current liabilities? What conclusions concerning the relative liquidity of these companies can be drawn from these data? General Electric ® Capital, a division of General Electric, uses long-term debt extensively. 50 billion long-term debt issue. 11 billion offering declined (due to the higher risk of more debt). 11 billion in bonds, one of the largest issues ever from a U.S. 50 billion debt offering? Please explain why the action is unethical and if the action is illegal as well. Just like in any type of business organization, ethics in partnership is important because of the difficulties that two or more persons have in arriving at a common decision.