University:
Grand Rapids Community College
Course:
Financial and Managerial Accounting: Information for Decisions - John J. Wild
Academic year:

2024
Views:

225

Pages:

2
Author:

stud_ice13

This text outlines a series of accounting and financial analysis exercises designed to engage students in practical, hands-on learning through Tableau Dashboard Activities, General Ledger assignments, Company Analysis, Comparative Analysis, and other tasks. Here’s a summary of each section: 1. Tableau Dashboard Activities (DA) and General Ledger (GL) Assignments: o Students use Tableau for analyzing credit terms, computing gross profits, and preparing classified balance sheets. o GL assignments involve preparing journal entries for a merchandising company’s operating cycle, automatically generating trial balances. 2. Company Analysis (AA 4-1): o Focuses on Apple’s financials, asking students to compute key metrics such as net cost of goods purchased, current ratio, and acidtest ratio for 2019. o Comparison with industry averages and analysis of Apple’s financial performance. 3. Comparative Analysis (AA 4-2): o Comparative figures for Apple and Google. Students compute gross margin and gross margin ratio, comparing each company's performance and industry standards (35% gross margin). 4. Extended Analysis (AA 4-3): o Comparison of Samsung, Apple, and Google, focusing on gross margin ratios and income statement formats. 5. Discussion Questions: o Students explore differences between merchandising and service companies, inventory management, sales and purchase discounts, and shipping terms. 6. Ethics Challenge (BTN 4-1): o A scenario involving Amy Martin’s unethical behavior of buying, using, and returning suits, prompting an analysis of ethical concerns and accounting for returned goods. 7. Communicating in Practice (BTN 4-2): o A retailer questions inventory shrinkage's impact on financial statements. Students are tasked with drafting a response explaining inventory shrinkage in a perpetual inventory system. 8. Teamwork in Action (BTN 4-3): o A group activity where each team member computes a specific financial metric, such as net sales, cost of goods sold, and gross profit, using a company's ledger and records. 9. Entrepreneurial Decision (BTN 4-4): o Students analyze a case involving Kendra Scott's company considering changes in credit terms and shipping policies to improve cash flow. They prepare a forecasted income statement and evaluate the business's decision.