please read all the information correctly before you begin doing the assignment. it is very important that you read the instruction correctly. the first upload a file is the assignment Rebics and destruction. the second upload a file is the SL accounting cycle that you will need to complete the assignment. that their upload a file is the assignment is self that needs to be done.
Interpret financial statements for informing business decisions Analyze how core accounting principles support responsible practices throughout the accounting cycle Prompt Your dog, Peyton, has severe allergies and cannot have the usual store-bought dog treats. You have been making homemade treats for him that are all-natural and hypoallergenic. Over the past year, you have been making and selling these treats out of your home and have been quite successful. You now have an opportunity to open your own dog treat bakery. You have decided on a corporate form of business and have named your company Peyton Approved. During Part I of the final project, you were asked to follow the business transactions for your company for a three-month period from the first step of the accounting cycle through the reporting process. Now you will use this information to compose a memorandum to the bank detailing the results of operations as communicated in the financial statements, as supporting documentation for a request for funding to expand Peyton Approved. Use your completed workbook from Part I to prepare your memo. Be sure to include an overview of the company’s accounting system, a discussion of the results of operations, and opportunities for the company to improve its profitability
Running head: ACC 201 FINAL PROJECT PART II BANK MEMO 0 DELETE EVERYTHING THAT APPEARS IN RED Review the Final Project Part II Guidelines and Rubric document to see how your paper will be scored. Be sure to use the information from your accounting cycle workbook to support your answers. Be sure to follow APA format when providing references. If you have questions on APA formatting, you can check the Purdue OWL website or seek help from the SNHU Writing Lab. Notes on APA in a Formal Assignment Use one-inch margins on all sides. Use 12-point Times New Roman font with double spacing. Paragraphs should be at least three to four sentences in length. Do not include the headings “Introduction” and “Conclusion.” These are included below to help you lay out your paper. APA format assumes that the introduction begins the paper, the body continues the paper, and the conclusion wraps up the paper, so those headings are not needed. Indent the first line of every paragraph by 0.5”. Be careful not to use personal pronouns such as “I.” Be sure to replace all of the text in red with your own writing. (This entire first page can be deleted after you review the guidelines. Your paper should begin with the title page that follows.) ACC 201 Final Project Part II Bank Memo Your Name Southern New Hampshire University REMEMBER: DELETE EVERYTHING THAT APPEARS IN RED Memo Heading (delete this heading in your final paper) To: From: Date: Subject: Introduction (delete this heading in your final paper) In your opening paragraph, very briefly introduce the purpose of your memo. Prior to stating this purpose, state the name of the company, its primary business purpose, and some other general or demographic information about the business. Lastly, inform the reader of the purpose of your memo, which is to request a loan for business expansion. Three or four sentences are sufficient. Overview of the Company’s Accounting System (Keep this heading in your final paper) Using content from your accounting cycle workbook and your accounting cycle report, submitted in Final Project Part I, provide an overview of the company’s accounting system. What basis of accounting is used? Why? How does it support responsible practices within the company? Accounting Process and Internal Controls for Cash (Keep this heading in your final paper) Using content from your accounting cycle report, submitted in Final Project Part I, what strategies is the business using to ensure responsible accounting practices? Why have these strategies been selected? Describe the overall accounting process. For example, when are entries made, how often are statements produced and reviewed, and why? Describe the internal controls for cash that are in place. Results of Operations and Strengths and Weaknesses of the Company (Keep this heading in your final paper) Using content from your accounting cycle workbook, submitted in Final Project Part I, analyze the results of operations. What do these results tell a business? What is the company doing well and what changes might be needed? What do the financial statements say about the strengths and weaknesses of the company’s financial position? Be sure to discuss the role of ratio analysis. Analysis and Opportunities (Keep this heading in your final paper) Overall, is the company going in the right direction? Why or why not? What opportunities can the company explore given its strengths and weaknesses? How would these be beneficial? Support your analysis with information from your accounting cycle workbook. Conclusion (delete this heading in your final paper) The conclusion reminds the reader what your memo is about and allows you to make a final point without introducing new information. You may request a meeting with your reader in this paragraph. Three or four sentences are sufficient. Use a sign-off greeting such as “Sincerely” or “Cordially.” References Nobles, T. L., Mattison, B. L., Matsumura, E. M. (2014). Horngren’s financial and managerial accounting (4th ed.). Upper Saddle River, NJ: Pearson Education, Inc. Make sure that you provide appropriate citations in APA style. The textbook is provided as an example and should be kept in the references for your paper. Feel free to add other resources. To add credibility to your paper, remember to cite ALL of the sources within the body of the paper as well as in the References list at the end. References should be in alphabetical order by the author’s last name.