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

Formats assgnment 2.docx

docs.pdf