applied managerial accouting

MUST BE IN THIS FORMAT

Phase 1 Task 2;

For this assignment the student is to write a memo that ; discusses the information found in each of the following financial statements: ; Balance sheet, Income statement, Statement of cash flows, and the Statement of stockholders’ equity. ; The student is also discussing how that information is used for planning and control of the company.

Format:

I. ; Part 1 – ; Give an overview of what is going to be discussed in the memo

II. ; Part II: Heading ; – Information Found on the Financial Statements

a. ; Income Statement ; – Define and Explain

b. ; Balance Sheet – Define and Explain

c. ; Statement of Stockholders Equity – Define and Explain

d. ; Statement of Cashflows – Define and Explain

III. ; Part III ; Heading – How Accounting Information is Used

a. ; According to the text, accounting information is used for (1) planning, ; (2) controlling and (3) directing and motivating. ; Explain each of these terms and give an example of each.

b. ; Format –

; i. ; Planning

1. ; Definition

2. ; Example

3. ; Explanation of how the financial statements ; and/or the nonfinancial measures assist with this objective

; ii. ; Controlling

1. ; Definition

2. ; Example

3. ; Explanation of how the financial statements ; and/or the nonfinancial measures assist with this objective

; iii. ; Directing and Motivating

1. ; Definition

2. ; Example

3. ; Explanation of how the financial statements ; and/or the nonfinancial measures assist with this objective

IV. ; Conclusion

V. ; References

Formats assgnment 2.docx

docs.pdf