ACT 2001 San Ignacio University Economic Impact of Corona Virus Presentation The assignment is to write a paper for accounting using that company Marriott,

ACT 2001 San Ignacio University Economic Impact of Corona Virus Presentation The assignment is to write a paper for accounting using that company Marriott, More specific instructions will be provided attached.This includes 2 written pages at least do not exceed 3, on APA 7TH edition formatNo PLAGIARISM!15 slides Powerpoint. International Business Online
ACT2001 – Principles of Accounting Final Project
Group Project Requirements:
The final project is based on the national and global development of COVID-19 and how
it is affecting the economy in terms of trade, work force, education, and general economic
transformation.
I have uploaded and emailed you the stock fluctuation for two quarters. I can also provide
you with the financial statements, once you select the company you will present and your group
conformation.
The last part of the research requires that you present actual economic data about the
stock market and an economic balance between before and after the pandemic. To start we know
that hotel and hospitality and entertainment industries are having a significant decline, while
companies in the drug, medical research, and hygiene and certain services such as Uber are
expanding. You might select your company from the ones I suggest, or you might choose your
own company.
For the final project you can use the data provided in addition to the internet, news or
any set of information that would best contribute to your research.
Here is what I want you to do:
•
Organize your group
•
Choose the company you are going to use on your project.
•
Prepare a timeline about the development of the Corona Virus from when it first started
in Wuhan, China, and thereafter, including the day of your research due date.
•
International Business Online
Highlight the economic impact on the USA Economy.
•
Prepare and analysis based on the Stock performance, type of industry, and why is this
company worse or better off, as a result of the Pandemic (Use the Nasdaq report I
provided for you).
The Research Paper
•
The final draft of the research must be completed and submitted by 8/14 at 5pm. This
draft can be in word. However, the final paper must be in Power Point.
•
The length of the research would be about 15 slides, excluding the cover, and the
reference page. The Cover Page should include:
o Name of your project
o Name of each one of the group members
o University Name with its updated logo
o Course name
o Professor’s Name
o Date
•
Make sure you use APA Style :
o
12 New Times Roman fonts
o Double space
o Cover and Reference page.
o You can use pictures, charts, and statistics
International Business Online
Group Presentation
•
Prepare a video to be presented on the last day of class August 18.
•
Video should be about 5 minutes. Allocate the time according to the number of students
presenting in each group.
•
This video should be uploaded on Canvas by 5 p.m., August 18, at the latest.
•
Make sure you test the video and practice the flow of your presentation before the due
date and time.
Project Grades:
Research: 25% of final grade and 15% oral-video presentation.
•
The research and presentation will be graded based on content, format, and deliverance.
Important!!! Plagiarism is prohibited, and it would grant a grade of ZERO.
You are allowed to use 15% of external quotes and material. At least 85% should be your
own analysis and interpretation of your findings.
Any questions, please email me ahead of time.
Professor Myott
Amanda.myott@saignaciouniversity.edu
What is Accounting?
As defined in business: Accounting is the process of recording financial transactions pertaining to a business.
In a practical way Accounting is maintaining records and order of the sources and use of our resources.
whether is a business or our personal lives.
Accounting is order and “accountability”.
A basic accounting process:
In real life a person or a company’s requires money to live and operate
The goal of most civilizations is to acquire and use money in many aspects:
To procure a normal way of living, including the present and the future
So money is a necesity that contributes to the ongoing process of live of people and business.
A business is a projection of a person’s lives because the business wants to secure its existence,
and to help employees to attain their own personal goals.
A simple application of starting an adult live or a business
Parents provide education for their children basically becasuse they want their children
to become successful and independent, so the circle of life goes on.
In the USA and elsewhere, most parents invest in their kids education to make sure they will go on
so they car live their own lives by either working or starting a business in the future.
Lets see this scenario:
Mr and Mrs. Lopez give their daugher Diana $5,000 as a graduation present.
They do not expect that Diana invest the money in partying and “living la vida loca”
until she runs our of money and ask for more for the rest of her adult live.
In their minds the Lopez see this as a business.
The $5,000 are a capital contribution to their daughter to start her own independent
and hopefully successful life.
Now, a responsible Diana, will use this money to start up her own live
Here is what she does with the money:
1 She opens a bank account and deposits the $5,000
2 She finds a rental place and pays $1,000
3 She buys a small car so for $6,000, she pays $2,000 down and
Takes a loan for $4,000
Lets see how her accounting is recorded:
recording the $5,000
1 Cash
Capital
Debit
Credit
$
5,000
$
2 Rent Expense
Cash
$
3 Vehicle
$
5,000
1,000
$
6,000
1,000
Cash
Loan Payable
Total Balance
$
$
$
2,000
4,000
12,000 $
12,000
Lets see her Balance Sheet and her financial situation at this moment
Remember: Balance Sheet is: ASSETS = LIABILITIES + CAPITAL (Equity)
ASSETS
(What she own)
DEBIT
CREDIT
Cash ( 1)
Vehicle
$
$
3,000
6,000
Debits
Credits
Cash Activities
$ 5,000
$ 1,000
TOTAL ASSETS
$ 9,000
$ 2,000
$ 5,000 $ 3,000 $ 2,000
LIABILITIES
Loan Payable
$
4,000.0
Capital
$
5,000.0
TOTAL LIABILITIES & CAPITAL
$
9,000.0
So what happens to rent expense?
Income and Expenses are part of the Income Statement to be covered next class
(Rememver: Expenses are no things you OWN or OWE).
ertaining to a business.
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