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Student life does non by and large afford a great trade of free clip to prosecute your personal involvements ; nevertheless. at one point. you may hold considered turning a personal involvement or avocation into an official endeavor. Today. you have eventually decided to turn that avocation into a concern but have realized that you need start- up capital from a loaner or investor. To obtain support. you need to convert a loaner / investor that your concern is more than a avocation. You need to show that you have a steadfast appreciation of your concern. the accounting patterns that impact your concern. the controls needed to safeguard assets. and which accounting system will bring forth accurate and relevant fiscal information. Write a six to eight ( 6-8 ) page concern program in which you:

1. Describe the type of concern you have created including: a. The merchandise or service. and general staffing program. Supply a principle for your program. B. The signifier of your concern and the benefits it offers your peculiar concern. c. A chart of histories specific to your concern. including a principle as to the choice of each history. ( Note: The chart of histories is a design of your concern for the lender/investor. It should describe the expected resources that you will devour in your concern ( assets ) . the beginnings of those resources ( liabilities and equity ) . the beginnings of gross. and expenditures that you expect to incur to gain those grosss. You may construct a elaborate chart that includes concern units. divisions. merchandise lines. etc. )

2. Based on the signifier of your concern. analyse whether or non you will be required to utilize By and large Accepted Accounting Principles ( GAAP ) or International Financial Reporting Standards ( IFRS ) accounting methods and how the IFRS / GAAP convergence will impact your concern. Suggest how you will integrate any alterations into your books and records. ( Note: You need to show to the lender/investor that you have recognized possible alterations to GAAP that may impact the accounting and coverage of your accounting events. ) 3. Fix a pro forma balance sheet and income statement supplying the premises made and back up the ratings assigned.

4. Sing the value of assets ( assigned per your balance sheet ) used within your concern. urge two ( 2 ) specific internal controls that you will implement to protect your company’s assets and resources. warranting how each will supply confidences to direction. ( Note: Safeguarding assets and protecting personal informations are paramount to guaranting the viability of a concern. Demonstrate to the lender/investor that your assets will be safeguarded and client information ( if applicable ) will be protected. ) 5. Based on the internal control recommendations that you made. propose how you will implement each within your concern environment. bespeaking how challenges or oppositions will be overcome.

6. Measure the impact of the regulative environment. including the Sarbanes-Oxley Act and other regulative demands. on your concern venture. giving sing to how you intend to follow with the demands and the general impact to determination doing within your concern. 7. Use at least four ( 4 ) quality academic resources in this assignment. Note: Wikipedia and other Web sites do non quality as academic resources. Your assignment must follow these data format demands:

? Be typed. dual spaced. utilizing Times New Roman fount ( size 12 ) . with one-inch borders on all sides ; commendations and mentions must follow APA or school-specific format. Check with your professor for any extra instructions. © 2012 Strayer University. All Rights Reserved. This papers contains Strayer University Confidential and Proprietary information and may non be copied. further distributed. or otherwise disclosed in whole or in portion. without the expressed written permission of Strayer University. ACC 557 Student Version 1128 ( 1200 5-8-2013 ) Final Page 9 of 19 ?ACC 557 – Assignments and Rubrics

? Include a cover page incorporating the rubric of the assignment. the student’s name. the professor’s name. the class rubric. and the day of the month. The screen page and the mention page are non included in the needed assignment page length. The specific class larning results associated with this assignment are: ? Examine accounting rules and constructs used in concerns. ? Assess appropriate internal controls. regulative demands harmonizing to the Sarbanes-Oxley Act. and fraud bar and sensing. ? Use engineering and information resources to research issues in fiscal accounting. ? Write clearly and briefly about fiscal accounting utilizing proper composing mechanics. Rating for this assignment will be based on answer quality. logic / organisation of the paper. and linguistic communication and composing accomplishments. utilizing the undermentioned rubric. ??

1. Describe the type of concern you have created including: a. The merchandise or service. and general staffing program. Supply a principle for your program. B. The signifier of your concern and the benefits it offers your peculiar concern. c. A chart of histories specific to your concern including a principle as to the choice of each history. Weight: 15 %

Did non subject or incompletely described the type of concern you have including: a. The merchandise or service. and general staffing program. Did non subject or incompletely provided a principle for your program. B. The signifier of your concern and the benefits it offers your peculiar concern. c. A chart of histories specific to your concern including a principle as to the choice of each history. Partially described the type of concern you have including: a. The merchandise or service. and general staffing program. Partially provided a principle for your program. B. The signifier of your concern and the benefits it offers your peculiar concern. c. A chart of histories specific to your concern including a principle as to the choice of each history.

Satisfactorily described the type of concern you have including: a. The merchandise or service. and general staffing program. Satisfactorily provided a principle for your program. B. The signifier of your concern and the benefits it offers your peculiar concern. c. A chart of histories specific to your concern including a principle as to the choice of each history. Thoroughly described the type of concern you have including: a. The merchandise or service. and general staffing program.

Thoroughly provided a principle for your program. B. The signifier of your concern and the benefits it offers your peculiar concern. c. A chart of histories specific to your concern including a principle as to the choice of each history. 2. Based on the signifier of your concern. analyse whether or non you will be required to utilize By and large Accepted Accounting Principles ( GAAP ) or International Financial Reporting Standards ( IFRS ) accounting methods and how the IFRS / GAAP convergence will impact your concern. Suggest how you will integrate Did non subject or incompletely analyzed whether or non you will be required to utilize By and large Accepted Accounting Principles ( GAAP ) or International Financial Reporting Standards ( IFRS ) accounting methods and how the IFRS / GAAP convergence.

Partially analyzed whether or non you will be required to utilize By and large Accepted Accounting Principles ( GAAP ) or International Financial Reporting Standards ( IFRS ) accounting methods and how the IFRS / GAAP convergence will impact your Satisfactorily analyzed whether or non you will be required to utilize By and large Accepted Accounting Principles ( GAAP ) or International Financial Reporting Standards ( IFRS ) accounting methods and how the IFRS / GAAP convergence will impact your Thoroughly analyzed whether or non you will be required to utilize By and large Accepted Accounting Principles ( GAAP ) or International Financial Reporting Standards ( IFRS ) accounting methods and how the IFRS / GAAP convergence will impact you. ACC 557 Student Version 1128 ( 1200 5-8-2013 ) Final

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