Category: Accounting

Overview
You were recently approved to volunteer at a Volunteer Income Tax Assistance (VITA) program site in Spring Lake. Because you are a new volunteer, your supervisor, who is the VITA site coordinator, has asked you to review the VITA volunteer training resource, Publication 4961, found in the Supporting Materials section, and summarize your understanding of the key aspects of being a VITA volunteer. The site coordinator does this to ensure that volunteers feel confident and well-prepared and so that all volunteers share an understanding of the professionalism expected from VITA volunteers.
Directions
Refresh your knowledge of Volunteer Standards of Conduct using Publication 4961. Then address the following in the form of a memo using the template available in the What to Submit section.
Specifically, you must address the following rubric criteria:
Explain VITA volunteer standards of conduct.
Describe the responsibilities of a VITA volunteer.
Explain the role of due diligence in the intake process using examples.
List all steps taken to become a certified VITA volunteer.
Explain the requirements that make individuals qualified for VITA assistance.
What to Submit
Submit your Module One Memo Assignment Template as a 3- to 5-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style.
Supporting Materials
The following resource supports your work on the assignment:
Training Resource: IRS Publication 4961 – Volunteer Standards of Conduct – Ethics Training
This document contains the training and testing materials for the Volunteer Standards of Conduct Test.

In the reading this week, you learned that business transactions are first recorded in the general journal and then posted to the general ledger account, which allows management to always have a running balance for each account. Address each of the following questions from the perspective of your current employer, previous employer, or a company where you hope to work in the future.
What are some advantages of accurate record-keeping for your specific company?
Would you be concerned if an account had an abnormal balance? How might you investigate it?
For reference to Q1: I work in the facilities department for a large oil and gas company.

I will upload the Excel worksheet for the assignment as well as additional instructions. This is a worksheet that needs to be completed of the provided Excel template.

TASK ONE:
Solar Energy Company Ltd is a mid-sized renewable energy company with a successful
track record in solar power generation. The company is planning a significant expansion project
to increase its solar capacity and enter new markets.
A. Briefly define the term “Project Finance”
B. By evaluating at least four other types of lending facilities, explain why Project
Finance would be an ideal choice of lending for this expansion project.
C. The company has submitted its request to the bank for a project finance loan to
support the expansion project. Analyse the provision of assurances and project
projections which are to be adopted by the bank.
(1,050 to 1,150 words)
TASK TWO:
Company XYZ Ltd is a manufacturing firm. During a particular quarter, they experienced a
significant increase in production costs due to a sudden rise in raw material prices. However,
they failed to notice this variance until it was too late, resulting in a substantial budget overrun.
A. Briefly define the term “Budgets” and include the key characteristics of budgeting
(referring to companies).
B. Evaluate the situation by discussing the different budgetary control processes and how
they could have been better utilized in XYZ Ltd’s situation. 
(1,050 to 1,150 words)
0% AI & 5% max similarity (Turnitin)
minimum 10 relevant sources
Written in accurate and professional English (essay format)
Each task to have a short Intro & conclusion (35-50words)
1. Assignment should be developed in essay style format.
2. Both tasks 1 and 2 must be completed in full.
3. Task 1 primarily emphasizes Project Finance, with brief mentions and ongoing comparisons of
other lending options to highlight why Project Finance is the optimal choice for this example.

Step 1) Prepare Power Points Presentation on any topic of your Course Cost Accounting demonstrating that how this is helping in achieving the social responsibility. (8 -10 Slides are enough)
Step 2) Submit Your Presentation File with the Cover Page Mentioning the Following Details:
Student’s Name
Student’s ID
Course Code – ACCT 301
Course CRN
Name of the Course – Cost Accounting Semester and Academic Year – Semester 2 – 2023-24
Marks Obtained – Maximum Marks – 10
This course has been selected as a socially responsible course, as part of the university’s social responsibility initiatives. This means that you must do the third activity of these course as apresentation that demonstrates some aspect of social responsibility
Here is an example of how you can make the third activity socially responsible for the course:
COST ACCOUNTING: You can examine how social responsibility influences decision-making and cost optimization.
This is just a suggestion; you could do your presentation in whatever way you think is socially responsible.

Suppose an employer has a project that yields $400,000 of net income in odd years and $100,000 of net operating losses in even years.
In situation one, the employer is a corporation and they have a tax rate of 21% when the company has net income and 0% when a company has a net loss; or a tax rate of 21% and NOLs can be carried back two-years and forward indefinitely. a tax rate of 35% when the company has net income and 0% when a company has a net loss; or a tax rate of 35% and NOLs can be carried back two-years and forward indefinitely. In situation two, the employer is a flow-through entity and they have
The employer wants to hire you. However, you demand a salary of $75,000 per year and your tax rate is 35% in both situations because of your other income.
Part 1: What is the true cost to the employer if you are hired? Also, your employment contract is in increments of 2 years (i.e., 2, 4, 6, etc.).
Part 2: What amount of after-tax income are you demanding in both situations?
Part 3: What alternative strategy might the employer and you negotiate whereby one or both of you are better off but neither is worse off?
Note 1: To do a complete analysis and be able to compare alternatives, you may need to add a 7th year in some situations. Note 2: In solving this case, I suggest that you use Excel and create four tables, such as:
Table 1 for the corporate form with carryforward election,
Table 2 for the corporate form with carryback election,
Table 3 for the flow-through entity form with carryforward election,
Table 4 for the flow-through entity form with carryback election.

This course, ACCT 301 (Cost Accounting), was selected as a socially responsible course last year as part of the university’s social responsibility initiatives. This implies that the third activity of this course should be a presentation that demonstrates some aspect of social responsibility. Students should form groups of 4 students and prepare a presentation regarding the following title
Any topic that involves service or social responsibility and how it relates to any of the information and topics of the subject * The presentation must be in pdf or ppt format * The number of slides is not less than 6 slides per group
The picture contains the topics, choose any of them

Review Integrative Case 13.1. Walmart (see Chapter 13 attached), answer the following questions from the text: 
Use the CAPM to compute the required rate of return on common equity capital for Walmart.
Derive the projected residual income for Walmart for Years +1 through +6 based on the projected financial statements.
Using the required rate of return on common equity from Requirement a as a discount rate, compute the sum of the present value of residual income for Walmart for Years +1 through +5.
Using the required rate of return on common equity from Requirement a as a discount rate, and assuming a 3.0% long-run growth rate, compute the continuing value of Walmart as of the start of Year +6 based on Walmart’s continuing residual income in Year +6 and beyond. After computing continuing value as of the start of Year +6, discount it to present value at the start of Year +1.
Compute the value of a share of Walmart common stock.
Compute the total sum of the present value of all future residual income (from Requirements c and d).
Add the book value of equity as of the beginning of the valuation (that is, as of the end of fiscal 2020, or the start of Year +1).
Adjust the total sum of the present value of residual income plus book value of common equity using the midyear discounting adjustment factor.
Compute the per-share value estimate.
Please answer this question In the context of earnings-based valuation methods, how do you believe companies should navigate the balance between emphasizing short-term profitability and sustaining long-term value?
Submit your answer in word, or excel. 
See the PDF Textbook and files atatched.

This course, ACCT 301 (Cost Accounting), was selected as a socially responsible course last year as part of the university’s social responsibility initiatives. This implies that the third activity of this course should be a presentation that demonstrates some aspect of social responsibility. Students should form groups of 4 students and prepare a presentation regarding the following title
Any topic that involves service or social responsibility and how it relates to any of the information and topics of the subject * The presentation must be in pdf or ppt format * The number of slides is not less than 10 slides per group
The picture contains the topics, choose any of them

You should largely focus on your internship (for you, it is your job) – what did you accomplish? What did you find valuable? What do you expect to do going forward? What did you find less valuable? What could be improved?