Accounting For Managers Assignment Help

Accounting For Managers Assignment Help By Assignment Hippo

Introduction

In the business world, accounting is a critical process that helps managers make informed decisions. This process involves the collection, analysis and presentation of financial information. Managerial accounting is the term used to describe the application of accounting principles and techniques in order to provide information that is useful to managers in their decision-making process.

In this assignment, you will be asked to analyze the financial statement of a company and provide commentary on the performance of the business.

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The process of accounting for managers is a process whereby the financial performance of a business is analysed and reported to interested parties. The process of accounting for managers is used to provide insights into the financial health of a business and to make decisions that will improve the financial position of a business. The aim of accounting for managers is to ensure that the financial performance of a business is understood and that decisions that improve the financial position of a business can be made.

The process of accounting for managers begins with the collection of financial data. The financial data is then analysed to provide insights into the financial health of a business. The financial data is then reported to interested parties. The financial data that is reported to interested parties can be used to make decisions that will improve the financial position of a business.

The main components of the process of accounting for managers are the collection of financial data, the analysis of financial data, and the reporting of financial data. The main purpose of accounting for managers is to provide insights into the financial health of a business so that decisions can be made that will improve the financial position of a business.

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The main steps in the process of accounting for managers are the collection of financial data, the analysis of financial data, and the reporting of financial data. The main purpose of accounting for managers is to provide insights into the financial health of a business so that decisions can be made that will improve the financial position of a business.

The main steps in the process of accounting for managers are the collection of financial data, the analysis of financial data, and the reporting of financial data. The purpose of accounting for managers is to provide insights into the financial health of a business so that decisions can be made that will improve the financial position of a business.

The main steps in the process of accounting for managers are the collection of financial data, the analysis of financial data, and the reporting of financial data. The purpose of accounting for managers is to provide insights into the financial health of a business so that decisions can be made that will improve the financial position of a business.

Task

  1. Analyze the financial statement of ABC Company for the year ended December 31, 2017.
  1. Discuss the performance of ABC Company for the year ended December 31, 2017.
  1. provide your comments on the following statement items:
  1. Revenue
  1. Operating expenses
  1. Net income
  1. Make recommendations for improvement to ABC Company’s financial performance for the year ended December 31, 2018.

Solution

  1. Analyzing the financial statement of ABC Company for the year ended December 31, 2017

The financial statement of ABC Company for the year ended December 31, 2017 can be seen in the following table.

Table 1: ABC Company’s Financial Statement for the Year Ended December 31, 2017

($ in Thousands)

2017 2016

Revenue 1,000 900

Operating expenses 800 700

Net income 200 200

Source: ABC Company’s financial statement for the year ended December 31, 2017

From the table, it can be seen that ABC Company’s revenue increased from $900,000 in 2016 to $1,000,000 in 2017. Meanwhile, the company’s operating expenses also increased from $700,000 in 2016 to $800,000 in 2017. This resulted in a decrease in the company’s net income from $200,000 in 2016 to $200,000 in 2017.

2. Discussing the performance of ABC Company for the year ended December 31, 2017

From the financial statement of ABC Company, it can be seen that the company’s revenue increased from $900,000 in 2016 to $1,000,000 in 2017. However, the company’s operating expenses also increased from $700,000 in 2016 to $800,000 in 2017. This resulted in a decrease in the company’s net income from $200,000 in 2016 to $200,000 in 2017.

In terms of performance, it can be said that ABC Company’s revenue increased by 11.11% from 2016 to 2017. However, the company’s operating expenses also increased by 14.29% from 2016 to 2017. This resulted in a decrease in the company’s net income from 2016 to 2017.

3. Commenting on the statement items

  1. Revenue

The company’s revenue increased from $900,000 in 2016 to $1,000,000 in 2017. This represents an increase of 11.11%.

  1. Operating expenses

The company’s operating expenses increased from $700,000 in 2016 to $800,000 in 2017. This represents an increase of 14.29%.

  1. Net income

The company’s net income decreased from $200,000 in 2016 to $200,000 in 2017. This represents no change.

From the table, it can be seen that the company’s revenue increased from 2016 to 2017. However, the company’s operating expenses also increased, resulting in a decrease in the company’s net income. In terms of performance, the company’s revenue increased by 11.11%, while the company’s operating expenses increased by 14.29%. This resulted in a decrease in the company’s net income.

  1. Making recommendations for improvement to ABC Company’s financial performance for the year ended December 31, 2018

Based on the analysis of ABC Company’s financial statement, the following recommendations can be made for improvement to the company’s financial performance for the year ended December 31, 2018.

  1. Increase revenue

One of the key ways that ABC Company can improve its financial performance is by increasing its revenue. This can be done by expanding its operations into new markets or by increasing its market share.

  1. Control operating expenses

Another way that ABC Company can improve its financial performance is by controlling its operating expenses. This can be done by reducing the cost of goods sold or by reducing the amount of money spent on administrative and marketing expenses.

  1. Invest in new technology

In order to improve its efficiency and profitability, ABC Company should consider investing in new technology. This could help the company to reduce its operating expenses and improve its competitiveness in the market.

Accounting for Managers Assignment Help from Our Experts By Assignment Hippo

In order to make sound and informed business decisions, it is important for managers to have a fundamental understanding of financial accounting concepts. Accounting for Managers focuses on the use of financial information to manage a business. This includes measuring financial performance, making decisions about where to allocate resources, and assessing the risks and rewards of business decisions.

In this assignment, you will be required to research and then write a report on two financial ratios that are important for managers to understand.

Task

  1. Research and explain two financial ratios that are important for managers to understand.
  1. Explain how each financial ratio can be used to help managers make informed business decisions.
  1. Provide a real-world example of how each financial ratio could be used.
  1. Include a brief conclusion that summarizes your findings.

Financial Ratios

There are a number of financial ratios that are important for managers to understand in order to make sound business decisions. Two such ratios are the debt-to-equity ratio and the profit margin.

The debt-to-equity ratio is a measure of a company's financial stability. It is calculated by dividing a company's total liabilities by its total shareholders' equity. This ratio reveals the extent to which a company is financed by debt. A high debt-to-equity ratio can indicate that a company is in financial trouble, while a low debt-to-equity ratio suggests a company is in a strong financial position.

The profit margin is a measure of a company's profitability. It is calculated by dividing a company's net income by its sales revenue. This ratio reveals how much profit a company makes on each dollar of sales. A high profit margin indicates a company is very profitable, while a low profit margin suggests a company is not performing well.

Both the debt-to-equity ratio and the profit margin are important ratios for managers to understand. The debt-to-equity ratio can help managers assess a company's financial stability and make decisions about whether to lend money to the company or invest in it. The profit margin can help managers determine whether a company is a good investment and profitability.


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