ACCT 105 American Public Management Accounting v Financial Accounting HW Assignment Instructions Write a 750 – 1250 word paper on the following topic: Comp

ACCT 105 American Public Management Accounting v Financial Accounting HW Assignment Instructions
Write a 750 – 1250 word paper on the following topic:
Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve operational and financial performance.
Your paper must be formatted according to APA 6th edition guidelines, and you need to use at least three external references. Save your file as “LastnameFirstinitial-ACCT105-8.”
Submit your work by midnight ET on Day 7 (Sunday).
Note that your attached paper will automatically be submitted to Turnitin, and an Originality Report should be sent back to the classroom within around 15 minutes. The Originality report does not actually recommend changes. It does point out where you may need to add a citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it will assist you in improving quality and content, as well as avoid plagiarism. Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your references are cited. A report with a similarity index less than 25% is acceptable for undergraduate level work.

Your paper will be evaluated according to the Writing Assignment Grading Rubric shown below. To maximize your grade, be sure to use the proper organization (intro, body, conclusion) and follow APA style. Your paper should have a title page and reference page, but you do not need an abstract for this assignment. See the PowerPoint presentation attached for APA assistance.Complete Guide to Sarbanes-Oxley: Understanding How Sarbanes-Oxley Affects Your Business
The below is an additional resource on Sarbanes Oxley that can also be used.
Sarbanes Oxley

Guidelines

Writing Assignment Grading Criteria

Content (60%)

•

Response demonstrates a clear understanding of the key elements of assignment questions.

•

Response thoroughly covers the elements in a substantive manner.

•

Response demonstrates critical thinking and analysis.

•

Content is complete and accurate.

•

Introduction and conclusion provide adequate information on the given topic.

Organization (20%)

•

Paper structure is clear and easy to follow.

•

Ideas flow in a logical sequence.

•

Introduction provides a sound introduction to the topic and previews major points.

•

Paragraph transitions are logical and support the flow of thought throughout the paper.

•

The conclusion thoroughly reviews the major points.

Writing Style, Grammar, APA Format (20%)

•

Sentences are well constructed, complete, clear, and concise.

•

Words used are specific an unambiguous.

•

The tone is appropriate to the content and assignment.

•

Grammar, spelling, and punctuation are correct.

•

APA guidelines (6th edition) are followed, such as headers, citations, references, etc.

•

Effective use of aids such as sections, summaries, table of contents, indices, and appendices (if appropriate). The APA
6th Edition
Title Page
 APA requires a title page
 The title page must include:
Title of Paper (mixed upper and lower case letters)
Your Name (first and last name without including
academic or license information such as BSN or RN)
Course Abbreviation and Number
Due Date (month, day, and year)
Instructor’s Name
 Center all of the above 1/3 of the way down the page
Running head: TITLE OF PAPER
Title of Paper
Author’s name
Course Abbreviation and number
Due Date
Faculty member’s name
1
Header
 The page header includes an abbreviated
paper title (Not more than 50 characters
ALL UPPERCASE) and page number
 In MS Word 2003 Select “view” then
“header and footer” from the main toolbar
 Full justify the line
 Add enough ‘tabs’ after the abbreviated
title for the page number to land near the
right margin
 Choose “insert page number” on the header
and footer toolbar
Abstracts
 Although the Publication Manual (2010)
requires an abstract to precede the text, an
abstract is not used in most student
papers. Instructors may require an abstract
if students are submitting lengthy papers or
project proposals. In those cases, the
direction to submit an abstract will be in
the assignment guidelines.
Text
 Do not include Introduction as a level
heading. Instead, begin the text of the
paper by repeating the title from your title
page. The title of the paper is centered but
not bolded.
 All lines are double-spaced throughout the
entire document. Use black, 12-point
Times New Roman font throughout the
document. Do NOT add additional line
spacing
 Margins should be 1” all around, with the
allowance of 1 ½ inches on the left if
binding is expected.
3 Easy Rules on Quotes
 1. Short quotes with fewer than 40 words
are incorporated into text and enclosed by
quotation marks.
 Example: “Approximately 27% of the
workforce displays poor emotional
intelligence” (APA, 2001, p. 121).
The Quote and the Period Rules
 Quote in Mid sentence. End the passage with
quotation marks, cite the source in parentheses
immediately after the quotation marks, and
continue the sentence with no period.
 Example:
She claims, “The placebo effect disappeared”
(APA, 2001, p. 118), but she does not clarify.
Quote at the end of the sentence
 End quote with the punctuation outside the
final parenthesis.
 Example:
 Miele (1993) found “the placebo effect
disappeared” (p. 276).
Long Quotes: 40 or more words
 Example:
Miele (1993) found the following:
John lost his dog on a long dusty road
early last year during a boy scout
outing. The dog was white with
black paws and answers to the name
of Tom. (p. 276)
In-text Citations
 Citations should have the last name of the
author and the year of publication
 Page numbers are required for direct
quotes when using text sources
 For internet sources, use paragraph
numbers for direct quotes
 There are several different ways to format
in-text citations
In-text Citations
 If the author is named in the text, only the
year published (and page number, if
required) should appear in parentheses:
Smith (2003) notes, “Too many students don’t
understand the APA” (p. 27).
or
Smith notes, “Too many students don’t
understand the APA” (2003, p. 27).
 Note that the period is placed after the
parentheses
In-text Citations
 If the author is not named in the text, the
author’s name must appear in the
parentheses along with the year published
and and page number:
As one professor has pointed out, “Too many
students don’t understand the APA” (Smith,
2003, p. 27).
or
As one professor (Smith, 2003) has pointed out,
“Too many students don’t understand the APA”
(p.27).
In-text Citations
 If your source has two or more authors, be sure to
list them all (up to six)
– Example: Hill, Halstead, Anderson, and Wallace
(1994) found
– Next Citation: Hill et al. (2005) also found
 If you use more than one source by the same
author published in the same year, use a, b, c,
(etc.) to indicate which source you are
referencing. For example, use (Smith, 2002a) for
the first and (Smith 2002b) for the second
Electronic References
 For citations, give similar information as a print
source. Use the paragraph symbol or
abbreviation para.
 Reference page: Documents retrieved from the
Internet should include Internet source, document
title, date retrieved, and URL (uniform resource
locator).
 Electronic Example:
 As Myers (2000, para 5) aptly phrased it,
“positive emotions are great.”
Paraphrasing
 Fenton (2002) compared reaction times
and found …
 In a recent study of reaction times
(Gardiner & Auman, 2002) there was
found …
 In 2002, Wilson compared reaction times
and found that …
Personal Communication
 Personal interviews and email
communications are the only ones cited in
the text and not in the reference list (J.
Mitchell, personal communication, January
21, 2005).
In-text Citations
 Remember: ALL in-text citations, except
for the personal communications, MUST
have a corresponding entry on the
References page!!!
Basic guidelines for formatting
citations in the text
 Place the complete citation within
parentheses.
 Use the words in the first part of the
citation exactly as they appear in the
References so that the source in the text
can easily be located in the References.
 Use the author’s last name and year for the
citation: (Smith, 2008).
Basic guidelines for formatting
citations in the text
 Use et al. for additional citations of a
source with three to five authors: first
citation – (Smith, Levy, & Jones, 2008),
additional citations – (Smith et al., 2008).
 Use et al. along with the first author in the
citation when a source has more than six
authors: (Smith et al., 2008).
 Place the year in the citation, but do not
include the month and day.
Basic guidelines for formatting
citations in the text
 Use only the last name of the author, and
never include the first name or initials
except in a personal communication.
 Place the name of a group author
(corporations, organizations, and
government agencies) first when no
individual author is listed in the source.
Basic guidelines for formatting
citations in the text
 Use the first two or three words of the title
of the work when no author is listed:
(Writing Executive Summaries, 2007) or
(“Evaluating a Case Study,” 2008).
Capitalize all major words of the title.
 Use italics for titles of books, periodicals,
and reports. Use quotation marks for titles
of articles, chapters, or web pages.
Basic guidelines for formatting
citations in the text
 Include the page or paragraph number for a
direct quotation: p. or pp. for page
numbers, para. for paragraph numbers.
 Place any necessary punctuation after the
final parenthesis of the citation unless it is
a block quotation.
 Never use a URL address in the citation.
Conclusion
 TIP: Always include a conclusion that
summarizes the main points of the paper.
Check with your instructor regarding the
preference for the inclusion of a
Conclusion heading.
References
 Reference page must be double-spaced
throughout
 Alphabetize references by author’s last
name.
 If an unknown author, use the first word of
the title in your alphabetical list
 Do not separate sources by type
References
 APA requires that sources be listed by last
name and initial; do not use first names
 If more than one author, list all authors’
names
 Use a hanging indent
 Give full publication information
according to APA guidelines for the
specific type of source
References
 It is important that you determine the type
of source: book, journal, magazine,
newspaper; online website; print
publication available through the UOP
library database
 Match the type of source with the
appropriate entry following APA style and
follow the template
Example of an Electronic
Retrieved Article
 Fredrickson, A. (2000, March 7).
Cultivating positive emotions to
optimize health and well-being.
HR Focus Journal. Retrieved
November 20, 2000, from
http://journals.apa.org.html.
Example of a Journal Article
Retrieved from an electronic
database
 Wilkins, J. (2005). The myths of the
only child. Psychology Update, 11(1),
16-23. Retrieved February 5, 2005,
from ProQuest database.
References for Books and Journals
Elkind, D. (1978). The child’s reality: Three
developmental themes. New York: Lawrence
Erlbaum Associates.
Issac, G. (1995). Is mumps the most common
diagnostic entity in hospitalized adolescents
and children? Adolescents, 30, 273-276.
Basic guidelines for formatting
the References page
 Place the references in alphabetical order
in one list. (Do not number references or
separate them into categories.)
 Use periods to separate each major element
in the reference: Name, A. (Year). Article
title. Journal Title, 24(4), 13-16.
 Include the author’s last name and first and
middle initials: Smith, G. Q. (Always use
initials instead of authors’ first/middle
names.)
Basic guidelines for formatting
the References page
 Use ellipses between the sixth and final
author’s name when the source has more
than eight authors: Smith, G. Q., Levy, J.,
Jones, B., Arthur, N. S., Banks, E., Adam,
C., . . . Arnold, A.
 Place the year in parentheses after the
author’s name: Smith, G. Q. (2008). If no
year is available, put (n.d.) in parentheses.
 Place the title of a book or article first
when no author is listed in the source.
Basic guidelines for formatting
the References page
 Capitalize the following elements of the
first title mentioned in the reference: first
word, proper nouns, and the first word
after a colon or a dash.
 Capitalize all major words of the second
title mentioned in the reference (e.g.,
journal titles, newspaper titles, book titles)
 Use italics for titles of books, journals,
newspapers, and movies.
 Never use quotation marks or italics for
article titles.
Basic guidelines for formatting
the References page
 Include a retrieval date only for Internet
sources that contain content that can
change over time, such as Wikis.
 Use the DOI number for electronic sources
rather than the name of a database:
doi:xxxxxx. If the document does not
contain a DOI number, use the URL of the
publisher’s home page: Retrieved from
http://www.xxxxxx. (Do not use periods at
the end of a DOI number or URL address.)
Basic guidelines for formatting
the References page
 Include database retrieval information only
for sources with limited circulation.
 Never include a source that is not
mentioned in the paper.
Appendix
 Type the word Appendix in upper and
lower case with the identifying capital
letters (A, B,) at the top of the page.
 Appendix contains detailed info that
would be distracting to read in the text,
such as a list of survey questions, but info
included here must be discussed in text.
Order of APA Pages
 Title page with Running Head
 Abstract if required by professor: page 2
 Text
 References on a separate page
 Appendices on separate page
 Tables on separate page
 Figures on separate page
Idiosyncrasies
 The presentation of titles of articles in
journals, newspapers, or magazines differs
depending on where they appear.
 In-text, enclose article titles in quotation
marks and capitalize all principal words:
“On Being a Good Student.”
 On the reference page, article titles have
neither quotes nor capitals: On being a
good student.
Idiosyncrasies
 In in-text citations, precede page numbers with
“p.”
 On the reference page, page numbers are not
preceded by “p.” except when referencing
newspaper articles
 Titles of journals, magazines, and newspapers are
italicized and all primary words capitalized both
in-text and on the reference page
 Titles of books are italicized in both places, but
in-text, all primary words are capitalized, while
on the reference page, capitalize only the first
word of the title.
Common APA Felonies
FAILURE to:
 Double space EVERYTHING
 Have ragged right edge
 Include 3 things in in-text citation
(author’s last name, year of publication
and pg/para number)
 Use hanging indent for reference page
 Use author’s initials instead of first
names.
And Finally…..
 Use your tools! APA book, the APA website
(www.apa.org) and the Center for Writing
Excellence offer specific guidelines for using the
APA
 Perlla (make sure that your ‘source’ is correct).
 Remember that ALL direct quotes, paraphrases,
or summaries must be documented
 All in-text citations must have a matching entry
on the references page
Accounting Principles:
A Business Perspective,
Financial Accounting (Chapters 1 – 8)
A Textbook Equity Open College Textbook
originally by
Hermanson, Edwards, and Maher
Fearless copy, print, remix(tm)
www.textbookequity.com
www.opencollegetextbooks.org
License: CC-BY-NC-SA
ISBN-13: 978-1461088189
ISBN-10: 1461088186
p. 1 of 433
About This Publication
Simply put, you may copy, print, redistribute, and re-purpose this textbook or parts of this
textbook provided that you give attribution (credit) to Textbook Equity, and provided that
any derivative work has the same Creative Commons license (CC-BY-NC-SA). That’s it.
Textbook Equity, in turn, provides attribution, with thanks, to the Global Text Project, who
provided the source textbook.
Consistent with it’s strategic mission to provide free and low-cost textbooks, this is Textbook
Equity’s derivative work based on “Accounting Principles: A Business Perspective, First
Global Text Edition, Volume 1, Financial Accounting”, utilizing the permissions granted by
it’s Creative Commons license. Global Text Project nor the original authors endorse or are
responsible in any way for this printing or it’s contents.
Textbook Provenance (1998 – 2011)
1998 Edition
Accounting: A Business Perspective (Irwin/Mcgraw-Hill Series in Principles of Accounting)
[Hardcover] Roger H. Hermanson (Author), James Don Edwards (Author), Michael W.
Maher (Author) Eighth Edition
Hardcover: 944 pages
Publisher: Richard D Irwin; 7 Sub edition (April 1998)
Language: English
ISBN-10: 0075615851
ISBN-13: 978-0075615859
Product Dimensions: 11.1 x 8.7 x 1.8 inches
Current Hardbound Price $140.00 (Amazon.com)
2010 Editions (http://globaltext.terry.uga.edu/books/)
Global Text Project Conversion to Creative Commons License CC-BY
“Accounting Principles: A Business Perspective First Global Text Edition, Volume 1 Financial
Accounting”, Revision Editor: Donald J. McCubbrey, PhD.
PDF Version, 817 pages, Free Download
“Accounting Principles: A Business Perspective First Global Text Edition, Volume 2
Managerial Accounting”, Revision Editor: Donald J. McCubbrey, PhD.
PDF Version Volume 2, 262 pages, Free Download
p. 2 of 433
2011 Editions (http://opencollegetextbooks.org)
Textbook Equity publishes this soft cover version using a the CC-BY-NC-SA license. They
divided Volume 1 into two sections to fit paperback publishing requirements and made other
formatting changes. No content changes were made to Global Text’s version. Versions
available at the Open College Textbook repository:
•
PDF Version, Section 1 of Volume 1 (Chapters 1 – 8), 436 pages, Free Download
•
Textbook Equity Paperback, Volume 1 Financial Accounting (Chapters 1 – 8), 436 pages, List
Price $19.95
•
PDF Version, Volume 1 Financial Accounting (Chapters 9 – 18), Free Download
•
Textbook Equity Paperback, Volume 1 Financial Accounting (Chapters 9 – 18), List Price
$19.95
•
PDF Version Volume 2, (Chapters 19 – 26), Free Download
•
Textbook Equity Paperback, Volume 2 (Chapters 19 – 24), List Price $19.95
For original author information and acknowledgments see opencollegetextbooks.org
p. 3 of 433
Preface from the eight edition:
Philosophy and purpose
Imagine that you have graduated from college without taking an accounting course. You are
employed by a company as a sales person, and you eventually become the sales manager of a territory.
While attending a sales managers’ meeting, financial results are reviewed by the Vice President of Sales
and terms such as gross margin percentage, cash flows from operating activities, and LIFO inventory
methods are being discussed. The Vice President eventually asks you to discuss these topics as they
relate to your territory. You try to do so, but it is obvious to everyone in the meeting that you do not
know what you are talking about.
Accounting principles courses teach you the “language of business” so you understand terms and
concepts used in business decisions. If you understand how accounting information is prepared, you
will be in an even stronger position when faced with a management decision based on accounting
information.
The importance of transactions analysis and proper recording of transactions has clearly been
demonstrated in some of the recent business failures that have been reported in the press. If the
financial statements of an enterprise are to properly represent the results of operations and the
financial condition of the company, the transactions must be analyzed and recorded in the accounts
following generally accepted accounting principles. The debits and credits are important not only to
accounting majors but also to those entering or engaged in a business career to become managers
because the ultimate effects of these journal entries are reflected in the financial statements. If
expenses are reported as assets, liabilities and their related expenses are omitted from the financial
statements, or reported revenues are recorded prematurely or do not really exist, the financial
statements are misleading. The financial statements are only useful and meaningful if they are fair and
clearly represent the business events of the company.
We wrote this text to give you an understanding of how to use accounting information to analyze
business performance and make business decisions. The text takes a business perspective. We use the
annual reports of real companies to illustrate many of the accounting concepts. You are familiar with
many of the companies we use, such as The Limited, The Home Depot, and Coca-Cola Company.
Gaining an understanding of accounting terminology and concepts, however, is not enough to
ensure your success. You also need to be able to find information on the Internet, analyze various
p. 4 of 433
business situations, work effectively as a member of a team, and communicate your ideas clearly. This
text was developed to help you develop these skills.
Curriculum concerns
Significant changes have been recommended for accounting education. Some parties have
expressed concern that recent accounting graduates do not possess the necessary set of skills to
succeed in an accounting career. The typical accounting graduate seems unable to successfully deal
with complex and unstructured “real world” accounting problems and generally lacks communication
and interpersonal skills. One recommendation is the greater use of active learning techniques in a reenergized classroom environment. The traditional lecture and structured problem solving method
approach would be supplemented or replaced with a more informal classroom setting dealing with
cases, simulations, and group projects. Both inside and outside the classroom, there would be two-way
communication between (1) professor and student and (2) student and student. Study groups would be
formed so that students could tutor other students. The purposes of these recommendations include
enhancing students’ critical thinking skills, written and oral communication skills, and interpersonal
skills.
One of the most important benefits you can obtain from a college education is that you “learn how
to learn”. T…
Purchase answer to see full
attachment