Premium Essay

Graded Project

In:

Submitted By littlebit2loud
Words 2969
Pages 12
PROJECT GOAL
The goal of this graded project is to create the following financial statements for J & L Accounting, Inc.:
■ Balance sheet
■ Income statement
■ Statement of retained earnings
■ Post-closing trial balance
The financial statements must be created in one Microsoft
Word document (.doc or .docx file). Alternatively, an Excel workbook may be used (.xls or .xlsx file). The Word or Excel file will be uploaded for grading.
INSTRUCTIONS
Read the following instructions thoroughly before beginning your work. This will help you to become familiar with what is involved in the project. Some students start on the project right away, thinking they’ll save time. Those students tend to get stuck and spend more time working through the project than is necessary. The material you need to know in order to complete the project has been covered in the textbook and the assigned exercises and problems. If you understand the chapters and completed the assigned homework problems, you should have no problem with the project.
The project is to be done by hand with a pencil and paper.
Use the blank forms provided. At the end of the project, you’ll be given instructions for creating and uploading the financial statements in a Word or Excel file for grading.
G r a d e d P r o j ec t G r a d e d P r o j ec t
28 Financial Accounting
Note: The formatting of financial statements is important.
They follow Generally Accepted Accounting Principles (GAAP), which creates a uniformity of financial statements for analyzing.
This allows for an easier comparison, as all businesses follow GAAP. Therefore, the financial statements should be created exactly the same way shown or referenced in the textbook.
Failure to do so will result in a loss of points.
The project references “debits equaling credits.” This is a fundamental principle of accounting that mustn’t be

Similar Documents

Premium Essay

Graded Project Ethics 00805000

...EXAMINATION 00805000 Monday ABA MODEL RULES: 5.5 (b) 1.6 (a) NFPA ETHICAL CONSIDERATIONS: 1.7 (a) 1.5 (a) 1.8 (a) Carl violated UPL for failure to identify himself to Jane and Zeke as a paralegal, setting fees and giving legal advice. Carl violated confidentiality by allowing Zeke to sit in on the meeting. Carl and Howe violated confidentiality by allowing Jane and Zeke in Howe’s office where confidential files were in plain view. Carl violated confidentiality by speaking about Jane’s case in the reception area where other clients could hear. Carl violated UPL by giving legal advice. Howe allowed Carl to engage in UPL and did not properly supervise Carl. TUESDAY ABA MODEL RULES: 5.5 (b) 1.2 (d) 3.4 NFPA ETHICAL CONSIDERATIONS: 1.7 1.8 (a) 1.5 (a) 1.3 (a) 1.3 (b) 1.3 (e) 1.2 (C) 1.2 (b) Howe allowed Carl to engage in UPL and did not properly supervise Carl. Carl did not identify himself as a paralegal. Carl gave legal advice by stating for Jane to lower her income so she could obtain more money than Jane is entitled to. Carl answered the phone and discussed in front of Jane another clients case, disclosing confidential information about another client. Carl did not take Jane’s actual monthly expenses, he doubled Jane’s expensed which is fraud. Carl engaged in conduct that affects the dignity of the case by asking unfounded personal questions, not relevant to the case. Carl did not prepare accurate, honest billing records. WEDNESDAY ABA MODEL RULES: 5.5 1.1...

Words: 604 - Pages: 3

Premium Essay

Graded Project 2 Torts

...TO: Steve Stinson Esquire FROM: Paralegal DATE: March 18, 2015 RE: Smith v. Growler's Groceries This memorandum summarizes my interview and findings with Ms. Jones and summarizes Ms. Jones' credibility as a witness. The memorandum also includes the duty of care owed by the Growler's groceries store to it's customers. Additionally, included are facts that show that Growler's grocery store did not comply with the applicable standard of care. INTERVIEW OF ROBIN JONES I spoke with Ms. Jones at her home on Friday, March 1, 2015 at 9:30 AM. She is a Caucasian woman of petite height and build. She was clothed in her jogging outfit having just returned from her morning run. Ms. Jones demeanor was grim and long-faced as if she dreaded having me interviewing her, but she did offer me a seat and beverage. Ms. Jones admitted witnessing the slip and fall of Sally Smith. Ms. Jones recalled that she saw the blue liquid one the floor. She remembers the spill to be about 2 feet wide and 2 feet long and the source of the puddle was from a liquid floor detergent that according to her, “must have fallen from the shelf” onto the aisle floor. Ms. Jones stated that when she saw the spilled liquid she notified her supervisor,, assistant manger, Percy Potter. Ms. Jones stated she was instructed by the assistant manager to place multiple, caution spill clean up in progress signs, around the spill while the assistant manger called for someone from the maintenance crew to clean...

Words: 1231 - Pages: 5

Premium Essay

Finance Syllabus

...Principles of Finance FIN 3403 Sections 1-9 Spring 2013 Instructor Information: Scott Besley Office Hours: MW 2:30 – 4:00 p.m. Office: BSN 3134 Voice: 974-6341 E-mail: sbesley@usf.edu Course web page: http://sbesley.myweb.usf.edu/FIN3403/home.html Course Description: This is an introductory course in managerial finance in which you should attain a clear, basic understanding of the essentials of financial decision making. Emphasis is given to the underlying principles of corporate finance and their effects on the decision-making framework faced by financial managers who are charged with maximizing shareholders’ wealth. In essence the course covers topics related to financing and investment decisions—that is, how to raise funds and where to invest funds. The focus of the course is to provide an understanding of the basic tools and techniques required to make informed decisions about which assets a firm should purchase and how such purchases should be financed. When you finish this course, you should understand (1) the general framework for financial decision making, (2) the role of financial decision making in maximizing the value of a firm, (3) in general, how to determine the value of an asset and whether it should be purchased, (4) what is meant by the risk/return tradeoff and how risk and return affect investment decisions, and (5) how external factors, such as financial markets, affect financial decisions made by the firm. You will find that much of the information...

Words: 5904 - Pages: 24

Premium Essay

Graded Project Legal Writing Project 1

...ECONOMY Pableto Pinnock #21942320 January 1, 2014 Introduction to Sociology 125 Essay 1 25087800 When the U.S economy collapsed. Millions of people lost their homes, jobs, retirement savings and their faith in the American dream. What we gained was a very clear view of the vest and growing divide between the rich and the rest of us. Can a family survive on minimum wage income is yes. Based on” unless congress raises the federal minimum wage. Economy security for workers in low-wage jobs the fastest-growing sector will disappear. It is incumbent on members of congress to raise the federal minimum wage and index it to inflation, putting more money into the pockets of ordinary Americans to boost our economy and aid a real, long-term recovery. People who work for a living should be able to make a living from their work. Low-wage workers should not have to scrap by. While many of the companies they work for are making thousand if not millions of dollars. The federal minimum wage hasn’t kept up with inflation. If it has been, low-wage workers or family would be able to survive on minimum wage income. However is stratification necessary and positive in America? Society has developed the concept of social class to categorized people into different groups based on economic, political, and socio-economic status. This system of social stratification contributes to the difficulties that the middle and lower classes have to experience in order to succeed in the United States. America...

Words: 736 - Pages: 3

Premium Essay

Ali Is Gay

...Understanding BTEC IT L3 Using the resources below try & answer the following questions: Resources: * CRL\ICT\Sixth Form\BTEC * http://www.edexcel.com/BTEC/Pages/default.aspx * Internet Questions: 1. What is a BTEC? BTECs are work-related qualifications 2. Where can a BTEC take you? it can take u many places and it is recognised by schools, colleges, universities, employers and professional bodies 3. What does BTEC stand for? 4. What is full name of the BTEC award for the IT course at: a. AS b. A2 5. How are BTEC awards and units graded? 6. Complete the UCAS points / A ‘level equivalent table BTEC Certificate Grade | UCAS Points | AS Level Equivalent | P | 20 | E | M | 40 | C | D | 60 | A | D* | 80 | A* | BTEC Subsidiary Diploma Grade | UCAS Points | A2 Level Equivalent | P | 40 | E | M | 80 | C | D | 120 | A | D* | 140 | A* | 7. How many units do you need to complete to achieve the award at: c. AS? d. A2? 8. What are the units studied at AS? 9. Which 2 units are compulsory? 10. Are there any exams in BTEC? No 11. In order to achieve a Distinction overall how many unit points do you need at: e. AS? 250 f. A2? 500 12. Once handed in your work for assessment how many times can you improve your work? once 13. If you are not satisfied with your grade / assessment decision what can you do about...

Words: 291 - Pages: 2

Free Essay

The Investment Detective

...Aplia: In addition to class preparation, for each chapter there are Aplia homework assignments, both practice and graded. Aplia is required of all students. Aplia’s homework questions and problems are tied to the textbook content and may not always agree completely with classroom discussions. Please read and comply with the Aplia instructions. For Aplia problems, use textbook formulas and 365 days in a year. Students are expected to complete all Aplia graded assignments by the specified due dates. There will be no extensions as the closing time is determined by computer. All assignments will be computer graded and scores and completion statistics will be reported by Aplia. Please see the Aplia documentation. Aplia assignments are the “homework” portion of the course grade and will be graded on the number of assignments completed and the percentage of correct answers as recognized by the computer. It is expected that students will spend approximately 2 to 3 hours, in addition to the time spent completing the Aplia assignments, preparing for each class. Additional time is required for the problems and analyses that are required. Attendance policy: There is a lot of material to be covered in this course. Therefore, it is important that every student attend every class, arriving on time. Attendance will be taken at the start of every class, and anyone not present will be marked absent. Three absences, for any reason, except University required activities, will result in a...

Words: 302 - Pages: 2

Premium Essay

Legal Writing Graded Project 2 - Petitioner

...Legal Writing Graded Project 2 - Petitioner IN RE THE MARRIAGE OF SALLY BRIGHT PETITIONER V. MEMORANDUM JOHN BRIGHT RESPONDENT Comes Petitioner, by counsel, and for her Memorandum states as follows: I. FACTS Sally Bright (Petitioner), filed for divorce and custody of 14 year old daughter, Chastity. John Bright (Respondent) also requested custody. The court ordered temporary custody of the minor child to Petitioner and visitation with Respondent every weekend. Petitioner will be moving to another part of the country to take a job. Respondent has realized he is gay and has met a male companion who doesn’t reside with him presently, but someday might. Chastity testified that she feels weird around Respondent’s male companion. Psychologist, Dr. Samuel Stoller, testified that Chastity would prefer to stay in the area so she can be with her friends as she moves into high school as she has been having problems in school since the divorce. Psychologist, Dr. Frank Edwards, testified that Chastity has stated she feels uncomfortable around her father’s new companion. Respondent has, on several occasions, physically abused Petitioner, but not in front of Chastity and has never abused Chastity. Both parents have been actively, and almost equally, involved in day-to-day care of Chastity throughout her life. II. SHOULD PETITIONER RETAIN CUSTODY OF 14 YEAR OLD DAUGHTER? A. PETITIONER MOVING TO ANOTHER PART OF THE COUNTRY Petitioner will be moving to take a job...

Words: 328 - Pages: 2

Premium Essay

Thyt

...Understanding BTEC IT L3 Using the resources below try & answer the following questions: Resources: * CRL\ICT\Sixth Form\BTEC * http://www.edexcel.com/BTEC/Pages/default.aspx * Internet Questions: 1. What is a BTEC? BTECs are work-related qualifications 2. Where can a BTEC take you? it can take u many places and it is recognised by schools, colleges, universities, employers and professional bodies 3. What does BTEC stand for? 4. What is full name of the BTEC award for the IT course at: a. AS b. A2 5. How are BTEC awards and units graded? 6. Complete the UCAS points / A ‘level equivalent table BTEC Certificate Grade | UCAS Points | AS Level Equivalent | P | 20 | E | M | 40 | C | D | 60 | A | D* | 80 | A* | BTEC Subsidiary Diploma Grade | UCAS Points | A2 Level Equivalent | P | 40 | E | M | 80 | C | D | 120 | A | D* | 140 | A* | 7. How many units do you need to complete to achieve the award at: c. AS? d. A2? 8. What are the units studied at AS? 9. Which 2 units are compulsory? 10. Are there any exams in BTEC? No 11. In order to achieve a Distinction overall how many unit points do you need at: e. AS? 250 f. A2? 500 12. Once handed in your work for assessment how many times can you improve your work? once 13. If you are not satisfied with your grade / assessment decision what can you do...

Words: 292 - Pages: 2

Premium Essay

Penn Foster Paralegal Ethics Graded Project

...Thinking Critically about Ethics- Graded Project- Paralegal Program Attorney Howe’s possible Ethical Violations: (MONDAY) Model Rule 5.5(B)- Attorney Howe, left a new hire, Carl, unattended, while also suggesting that he may conduct interviews in his office without specifying particulars regarding his presence or direct supervisory responsibilities. In hindsight, Attorney Howe could be indirectly contributing to the unauthorized practice of law due to his gross negligence to supervise his paralegal. ABA 5.3 (A)(B)(C). – Attorney Howe did not make reasonable efforts to supervise his paralegal. Mr. Howe knew that Carl was inexperienced in the firm as a “new-hire and should have practiced due diligence in his supervisorial duties. Attorney Howe failed to give clear guidelines and did not take immediate remedial action after Carl informed Howe that a new case was taken without his supervision. ABA 1.6 (C ) - Attorney Howe was negligent in his duty to maintain client confidentiality by leaving his office with visibly exposed client work products. Legal Assistant, Carl Jackson’s possible Ethical Violations: (Monday) NFPA-1.8(A) -Legal assistant, Carl, may have engaged in unauthorized practice of law by taking on a case without a supervising attorney’s knowledge and by giving legal advice to an inquiring client(s) regarding whether or not to pursue alimony. Furthermore, Carl negotiated the price of a fixed rate service without supervision, something only an attorney...

Words: 2083 - Pages: 9

Premium Essay

Hello

...Monday, Tuesday and Thursday & by appointment Email: borokhka@muohio.edu Text: Case Studies in Finance by Bruner, Eades and Schill, (6th ed.) Objectives: 1) To assess risk and how it affects financial decisions 2) To provide students with realistic cases requiring the development of alternative solutions. 3) To provide students with realistic cases requiring financial decisions. 3) To assess the roles of governance, executive compensation and stakeholder incentives within the context of specific financial decisions. 4) To assess the differing effects of available funding sources on financial decisions. 5) To provide students the opportunity to study how financial decisions are made in a comprehensive framework. Graded Materials and Final Grade Determination: There will be three equally weighted exams. The exams will be open-book. No extra credit will be given. The exams will occur on these dates. Exam I: May 24, 2012 Exam II: June 7, 2012 Exam III: June 21, 2012 The grade scale based on your overall percentage will be: A : 93%-100% A-: 90%-92% B+: 87%-89% B : 83%-86% B-: 80%-82% C+: 77%-79% C : 73%-76% C-: 70%-72% D+: 67%-69% D : 63%-66% D-: 60%-62% F : < 59% Cases: Analysis of each case will begin by addressing the questions asked in the case. The class will expand their examination of the case material by answering any additional questions that may arise from their analysis. Further investigation may require...

Words: 319 - Pages: 2

Premium Essay

Legal Writing Graded Project 2 - Petitioner

...Brown v Board of Ed. Topeka Kansas (1954) by Alexes Mercado http://www.watson.org/~lisa/blackhistory/early-civilrights/brown.html The 14th Amendment states: All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws. In the early 1950's, racial segregation in public schools was normal all across America. Although all the schools were supposed to be equal, most black schools were far inferior in comparison to the all white schools. There was a black third grade girl named Linda Brown from Topeka, Kansas. She had to walk one mile through a railroad switchyard just to get to her school all black school. Yet, there was an all white elementary school only seven blocks away from her home. When her father, Oliver Brown, attempted to enroll Linda in the white elementary school, the principal would not allow it. Frustrated, Mr. Brown then went to the National Association for the Advancement of Colored People or the “NAACP. The NAACP was eager to assist the Browns, as it had long wanted to challenge segregation in public schools. Other parents joined the Browns in their complaint...

Words: 1266 - Pages: 6

Premium Essay

Legal Writing Graded Project 2 - Petitioner

...IN RE THE MARRIAGE OF SALLY BRIGHT PETITIONER V. MEMORANDUM JOHN BRIGHT RESPONDENT Comes Petitioner, by counsel, and for her Memorandum states as follows: I. FACTS Sally Bright (Petitioner), filed for divorce and custody of 14 year old daughter, Chastity. John Bright (Respondent) also requested custody. The court ordered temporary custody of the minor child to Petitioner and visitation with Respondent every weekend. Petitioner will be moving to another part of the country to take a job. Respondent has realized he is gay and has met a male companion who doesn’t reside with him presently, but someday might. Chastity testified that she feels weird around Respondent’s male companion. Psychologist, Dr. Samuel Stoller, testified that Chastity would prefer to stay in the area so she can be with her friends as she moves into high school as she has been having problems in school since the divorce. Psychologist, Dr. Frank Edwards, testified that Chastity has stated she feels uncomfortable around her father’s new companion. Respondent has, on several occasions, physically abused Petitioner, but not in front of Chastity and has never abused Chastity. Both parents have been actively, and almost equally, involved in day-to-day care of Chastity throughout her life. II. SHOULD PETITIONER RETAIN CUSTODY OF 14 YEAR OLD DAUGHTER? A. PETITIONER MOVING TO ANOTHER PART OF THE COUNTRY Petitioner will be moving to take a job in another part of the...

Words: 1221 - Pages: 5

Free Essay

Tourism

...Star Grading System Guide Contents I. Star Grading Introduction 2 a) The Star Grading Committee II. Becoming Star Graded 2 a) Application for exemption from Star Grading Requirements III. Continuing to be Star Graded a) b) c) d) 3 Annual Rechecks Annual Rollover Lapse or Revocation of Star Grading Failed Initial Grading or Annual Recheck IV. Allegations of Non-Compliance 5 V. Appeals 5 VI. Star Grading Criteria 6 a) Mandatory Minimum Requirements b) Criteria for Star Grading Classifications Two star 7 Three star 9 Four star 12 Four plus star 15 Five star 18 c) Criteria for Cars and Limousines 21 VII. Appendix a) ADS Code of Conduct – requirements for buses and coaches b) Terms and Conditions of Star Graded Vehicles 22 22 23 https://busandcoach.sharepoint.com/Shared Documents/BCA STAR GRADING/Star Grading Docs/Star Grading System Guide - 2014.docx 1 Star Grading System Guide I. Star Grading Introduction Star Grading is open to all BCA members and is a great way to showcase the quality of vehicles. Star Grading makes it easier for customers to compare the standards of service offered by individual bus and coach operators, and allows tour operators and travelers to select products in advance with confidence. The Approved Destination Status (ADS) Code of Conduct requires that all buses and coaches used for ADS tours must be BCA Star Graded three stars or higher. The ADS system is based on a bilateral tourism arrangement between the governments of New Zealand...

Words: 10446 - Pages: 42

Free Essay

Tim and Funding

...Few memories as a failure on a major project from half a decade ago still vividly remains in memories. As a Research Assistant to Tim, it was my first paid job. Tim, an Engineer, worked in silos and had driver social style to his heart beat. He only communicated the expectations without delving in the details that he had in his mind. Even though the Office space was a closed knit space for 16 students, Tim seldom hung out with people to build personal relationships. He only interacted with others when there was a need. His lack of explanation on why the project was needed had left me wondering regarding purpose and design aspects of the new programming project. I struggled on how to effectively design the project and often sought help from other people, who recommended me that the project needed investment in new programming platform as old platform was incapable of achieving the project objectives. After making almost no progress on the project and wasting time in attempts to make old platform workable, I received a vehement email from Tim, stating that XYZ Inc. was deciding to scale back on funding, as no progress reports were submitted. I was shocked to learn that I was even expected to submit progress reports at the end of quarter on the undertaken project in which I had neither any clue nor communication. As an amiable person, I was too quick to reach an agreement with Tim on project deliverables. I had thought that I would be receiving friendly advice and guidance from...

Words: 444 - Pages: 2

Premium Essay

Student

...and answer document, uploaded to D2L dropbox. You will have to find an IT professional to interview on your own.  Description of this assignment 1. Each student needs to find a candidate for a Post-implementation Review (PIR) report describing an information systems development project. 2. Where can you find an information technology professional to interview? You will have to find an IT professional to interview on your own.    3. If you work for a business or government organization, you should consider interviewing the IT/MIS director for your organization.  If you work P/T or F/T in any reasonably sized organization, it is likely that there are some IT workers around (like help desk staff, programmers, analysts, network technicians or even IT managers). It can even be a friend, relative or acquaintance you know who works in such a job. 4. The following is a list of themes that you could address in the interview: Please do not write this paper in question and answer format. Use the questions below to help guide the interview. ▪ What type of job does he/she do? For whom? ▪ What projects is he/she currently working on for the organization? ▪ What projects has he/she recently completed? ▪ What IT applications has the firm recently implemented? ▪ Were the most recently applications developed in-house, were they outsourced development or were they application software packages that were customized and purchased? ...

Words: 563 - Pages: 3