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
