FINANCE & ACCOUNTING - SENIOR ACCOUNTANT ANALYSIS Due Date Week 4 Note: While representative of possible situations faced by SunsTruck Sunglasses, all scenarios in this assignment are fictional. Real Business Large discount retailers like Target and Walmart employ large teams of Finance and Accounting professionals to help measure and understand the financial health of the business. Financial and accounting information helps these businesses make educated financial decisions, such as whether or not to continue partnering with a retail supplier. While often smaller businesses, it is equally important for these retail suppliers to use financial and accounting data to make educated decisions, such as the best approach to gaining additional funding. Your Role This week, you'll assume the role of Senior Accountant with SunsTruck Sunglasses. WHAT IS A SENIOR ACCOUNTANT? Senior accountants take ownership of reporting costs, profitability, margins and expenditures for a given business. They use the principles of accounting to analyze sales information, create financial reports, make recommendations about the financial health of the company, and more. They are also responsible for training junior accounting staff. For the last six months, SunsTruck has partnered with the discount retail store to run a pop-up sunglasses stand in their stores for a big summer promotion. Due to high customer purchase rate, the store has requested stock for five additional stores. SunsTruck needs to increase its production to meet the additional demand. In order to increase production, SunsTruck needs additional money. In this assignment, you will need to help determine which type of financing option is best for your company and train your company junior accountants on the accounting cycle and financial statements. INSTRUCTIONS Step 1: Financing The junior accounting team has assembled a Financing Report that (a) offers three options for securing the additional funds required to meet the new order; and (b) details the criteria Shaun, the owner of SunsTruck, would like you to consider when choosing one of the three options. Based on this report: Identify which financing option you think is the best option for SunsTruck to pursue given Shaun’s constraints. Write 2-5 sentences explaining the rationale for your decision. Note: You should complete Steps 2 & 3 after reading the material in Week 5. Step 2: Accounting Cycle A junior accountant is working to get everything in order for the new financing and has come to you with a question about what do next in the accounting cycle. Read the email the junior accountant sent you and identify the best next step to take in the accounting cycle. Write 1-3 sentences explaining your reasoning. Step 3: Financial Statements A potential investor has been identified, but before it is willing to commit, it has requested information about SunsTruck’s current debt from the junior accountants. Identify the correct financial statement for your junior accountants that will provide the investor with the information it has requested. Write 1-3 sentences to explain to your junior accountants why you are giving them this financial statement and where the debt information is located.

Resources: Ch. 13, 14, and 17 of Accounting For Government and Not-for-Profit Entities (https://bibliu.com/app/#/view/books/9781259293542/...)Prepare written answers to the following assignments from Government and Not-for-Profit Accounting:Ch. 13, Questions 13:1 through 13:10 and Case 13:16Ch. 14, Questions 14: 1 through 5, and 14:10Ch. 17, Questions 17:1,3 and 6Case Study:You serve on a board of a local non-profit organization which has received a grant to do communications and policy work around voting rights of disenfranchised individuals. They have asked for guidance on what they can and cannot do as a 501©(3) not-for-profit organization to avoid problems with their tax exempt status. Prepare a 350- to 700-word memo describing the allowable activities as recognized by the IRS, as well as specific activities which are prohibited and could result in the loss of tax exempt status for the organization.Submit the assignment.

Option #2: Challenge 1, 2, and 3Run the simulation (Links to an external site.) titled "Operations Management Simulation: Quality Analytics". Run through at least challenges 1, 2 and 3(although you can run all 4 challenges to maximize your learning) and answer the following questions:1. What were the process capability indices for the four companies?2. How did you determine the process mean?3. Is it good or bad if the control limits are within the specification limits? Or outside the specification limits? Explain.4. How are specification limits determined? Is this good or bad? Explain.Submission:· Prepare a 3- to 4-page paper (not including the required title and reference pages and any appendices you may wish to include) detailing and compiling the specifics to items 1-4 above.· Support your paper with a minimum of three current (published in the most recent five years) scholarly sources from the CSU Global Library, in addition to any course textbooks or lecture material you decide to use.· Format your entire paper according to the CSU Global Writing Center (Links to an external site.).· Be clear, concise, and focused. Be sure to properly organize your writing and after the title on page 2, include an introduction with a thesis and mapping for your paper; headings/subheadings for the body of your work; analysis and recommendations (if applicable); a conclusion; list of references; and any appendices.