Business Finance
BUS 305 Westcliff University Business Needs an Evaluation & Economic Value Essay

Bus 305

westcliff university

BUS

Question Description

I’m stuck on a Accounting question and need an explanation.

Describe what the accounting equation represents and which financial statement it represents.

In addition, explain how the income statement, the balance sheet, and the cash flow statement are connected.

Finally, explain what working capital is and how someone can assess financial performance of working capital using the balance sheet and the cash flow statement.

Make sure you include and use a minimum of three peer-reviewed, academic, or business resources, plus the textbook in your paper.

Unformatted Attachment Preview

1 CLA1 Assignment Daniel Segal Westcliff University BUS 305: Principles of Accounting Professor Bonner October 2, 2020 2 CLA1 Assignment Introduce material here… Remember, each professional assignment must have the headings listed below and must be answered according to assignment instructions; each heading is worth a percentage of each case grade and this is how your work should be submitted. Your audience is someone like your roommate – intelligent, educated, but has NO IDEA what the case study is about. You do not want to copy-and-paste the case, but put forth a brief summary so your reader knows what is going on. This section is generally one paragraph. The easiest way to explain this section is to think of it like an abstract or introduction. If written properly, this section can actually serve as the abstract for the paper. It will, in a sense, set up the rest of the paper, which is the review of the case, analysis, recommendations, and the summary and conclusions sections. Remember that you obtained this information from the textbook. Consequently, you should cite Franklin, Graybeal, and Dixon (2019). You should NOT write According to the textbook as your reader has NO IDEA who or what is that. Do remember to take notes as you read through the case study information so that you are prepared to complete this report. Accounting Equation In this section, you will briefly describe what you will cover. It should only take a few sentences. This section will answer the mandate, “Describe what the accounting equation represents and which financial statement it represents.” Make sure you always include enough text to form a complete paragraph before moving to the next section. A good way to accomplish this is to include supporting information after your initial thoughts, then follow that with an explanation of how the information supports your thoughts. Always remember to correctly 3 identify your supporting information as a paraphrase or direct quotation, and then properly cite and reference that information. Income Statements This section will answer the mandate, “explain how the income statement, the balance sheet, and the cash flow statement are connected.” Make sure you always include enough text to form a complete paragraph before moving to the next section (three or more complete sentences). If you cite something, remember to include it in your references. If there is a reference listing, it must correspond with an in-text citation.. Working Capital Another question you will answer is “explain what working capital is and how someone can assess financial performance of working capital using the balance sheet and the cash flow statement.” Remember that your goal is to develop an APA-formatted paper, 3-5 pages in length explaining what you have found and learned. A good way to accomplish this is to include supporting information after your initial thoughts, then follow that with an explanation of how the information supports your thoughts. Remember that you are reporting real information, which means you must properly cite and reference information you use or paraphrase. Summary and Conclusions This section will tie together all sources used for this comprehensive learning assignment, conclusions drawn from the readings, and any inconsistencies. This section will generally be one to two paragraphs. Notice the paper has a continuous flow; there are no page breaks between sections. The only page breaks occur between the title page and the introduction, and between the summary or conclusions and the reference page. Note: If there is a header at the bottom of the page (on the last line), you will need to insert a page break immediately before the header to 4 properly move it to the next page with its text. All references for the assignment must appear on a separate page (see the following page for an example). Best practice is to always have at least three (3) peer-reviewed or academic references (including assigned readings), as well as your textbook. 5 References This section will reference all sources cited throughout the paper. It also gets its own page, meaning that it will not start at the bottom of a previous page. The heading should appear at the top of the page (first line of text) and all reference material should be listed below in alphabetical order by first last name. Also, the title for a book or text is always in italic format and in sentence form. In contrast to book references, the title for articles is in sentence format, not in italic, but the name of the journal or magazine is in italics. Furthermore, references are formatted with a hanging indent, meaning the first line is never indented, and all subsequent lines are indented. See examples below: Barzani, R. S. (2014). Studying the effects of business strategies on the organization's performance in regard to human resources' policies at the Social Security insurance companies based. International Journal of Academic Research in Business and Social Sciences, 4(5), 549-561. Retrieved from www.IJRBSS.com Franklin, M., Graybeal, P., & Dixon, C. (2019). Principles of Accounting, Volume 1, Financial Accounting. Openstax Hisrich, R. D., Peters, M. P., & Shepherd, D. A. (2017). Entrepreneurship (10th ed.). McGraw-Hill Education Holt, D. (2016). Branding in the age of social media. Harvard Business Review (online). Retrieved from: https://hbr.org/2016/03/branding-in-the-age-of-social-media McShane, S., & Von Glinow, M. (2017). Organizational behavior (8th ed.). McGraw-Hill ...
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Final Answer

Attached.

Outline


Introduction

Definition of financial ratios and the contents of the paper.


Accounting Equation

It is the main aspect of the double-entry accounting system and aims at providing a balance
between the liabilities, assets, and shareholder’s equity.
Accounting equation formula.
Assets = (Liabilities + Owner’s equity)


Financial Statements

The main financial systems are the cash flow statement, the Balance sheet, and the income
statement.


Working capital

It is the difference between a business’s current assets and liabilities.


Summary and Conclusions

The connection between the three financial statements, working capital and the accounting
equation plays a better role in a business's success, and stakeholders should ensure they interlink
well.


Running head: CLA1 ASSIGNMENT

1

CLA1 Assignment
Daniel Segal
Westcliff University
BUS 305: Principles of Accounting
Professor Bonner
Date

CLA1 ASSIGNMENT

2
CLAI Assignment

Introduction
Every business needs an evaluation of its economic value as a whole or a unit. One of
the main aspects of evaluating the cost of a business is by using financial ratios. Financial ratios
are statements or even values that determine the health and success of a business or a company
(Arkan, 2016). The paper will discuss the accounting equation as a financial ratio that determines
the value of a business. It will also discuss the three primary financial statements and their
connection to the cash flow statement and the balance sheet. Finally, it will examine the working
capital and how one can assess the financial performance of working capital using the cash flow
statement and the balance sheet. It will also give a conclusion about the importance of the
financial ratios in the success of any business or company.
Accounting Equation
The accounting equation is the main aspect of the double-entry accounting system. A
firm’s balance...

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