Bank Memo

1. Provide an overview of the company's accountin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing system. Specifically: a) What basis of accountin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing is used? Why is this basis most appropriate? How does it support responsible practices within" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in the company? b) What strategies is the busin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">iness usin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing to ensure responsible accountin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing practices? Why have these strategies been selected? c) Describe the overall accountin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing process and in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">internal controls for cash that are in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in place. For example, when are entries made, how often are statements produced and reviewed, and why? 2. Analyze the company's performance based on the accountin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">information you recorded. Specifically: a) Analyze the results of operations. What do these results tell a busin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">iness? For example, what is the company doin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing well, and what changes might be needed? Use the in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">information in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in your workbook to support your answer b) What do the fin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">inancial statements say about the strengths and weaknesses of the company's fin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">inancial position? Be sure to discuss the role of ratio analysis in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in your response. c) Is the company goin" rel="nofollow">in" rel="nofollow">in" rel="nofollow">ing in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in the right direction? Why or why not? Use the in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">information in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">in your workbook to support your answer. d) What opportunities can the company explore given its strengths and weaknesses? How would these be beneficial? Support your response with in" rel="nofollow">in" rel="nofollow">in" rel="nofollow">information from your workbook.