Business Finance

Portfolio Project part 1: you must review a QuickBooks sample company profile located in Quickbooks and develop a 2-3 page report based on your review. What type of company did you choose? What product or service does the company offer? Will the company have sales invoices, purchase orders, and/or payroll data? Is this company profitable? How could you use QuickBooks to aid in human resource management and other business processes (be specific)?

• Assignment should follow APA guidelines with respect to use of subheadings, 1” margins, and double-spaced. Page length requirements exclude title and reference page

Portfolio Project part 1: For this Portfolio Project option, you must use a QuickBooks sample company and develop a report based on your review. Choose a sample QuickBooks company through QuickBooks and create the tasks following the outline. Include screenshots and descriptions as needed. Ensure that your analyses differ from those provided in Lynda.com or other online sites (conduct your own unique analyses).

Section I: Overview

Provide a general overview of QuickBooks. Make sure the overview provides the reader with a general understanding of the application, including costs, functionality, and minimum system requirements. How does it track the primary information flows within a business?

Section II: Transactional Processing and Data Management

Describe how QuickBooks handles processing the accounting transactions and recording business activities for the revenue, expenditure and financing cycles. You should provide at least one detailed example of how one would record a specific accounting transaction/ business activity for each of the three transaction cycles. Complete each of the three sections:

1. Revenue Cycle
   • Create a new invoiced customer and create a new customer invoice.
   • Create a new pre-paying customer (i.e., paying with credit card)
   • Apply a customer payment.
   • Run a customer report.
   • Run reports to provide information regarding key revenue cycle information—sales, accounts receivable, cash.
2. Expenditure Cycle
   • Create two or more new vendors.
   • Create an inventory item.
   • Generate a payment to a vendor.
   • Run a report to provide information regarding vendors and accounts payable.
   • Run reports to provide information regarding key expenditure cycle information—purchases, inventory, and cash.
   • Create two or more employees with after the fact payroll module in QuickBooks determine pay and federal income tax, Social security and Medicare deductions
   • Run a monthly or weekly payroll report with all payroll related accounts.
3. Financing Cycle
   • Enter a new account in the chart of accounts.
   • Post journal entries for rent, insurance, accounts receivable and accounts payable.
   • Run the key financial statements that are available and relevant for your company and data. Explain the performance reports—what do they say about your company’s performance. Include the type of analysis meaningful for your company and data (vertical vs. horizontal).
   • Run key reports to measure the firm’s financial performance.

Section III: Internal Controls

• How can you as an accountant use QuickBooks enhance internal controls in the company you chose?
• How can you secure the system and files?
• What potential security weaknesses exist for QuickBooks?

Section IV: Charts and Graphs

• How are visualizations formatted and used?
• Create a chart.
• Create a data diagram.

Section V: Conclusion and Recommendation

Give your overall impression and recommendation for QuickBooks’ use in accounting.

• Assignment should follow APA guidelines with respect to use of subheadings, 1″ margins, and double-spaced.
• Prepare any 8-10 page report in length (excluding title page and reference page) References need to include at least three additional credible academic references.

violence-in-prison

You are a member of the training division in a maximum-security prison facility. There are about 8,000 inmates, and another 350 staff members, of which 220 are corrections officers. Because of the recent economic downturn, the number of prisoners incarcerated for property crimes, such as grand thefts and burglaries, has been on the rise. About 3,000 of the 8,000 inmates are violent offenders. Traditionally, the violent offenders establish a structure of control amongst the inmates, and often abuse the property crime offenders who are not used to violence. You have been tasked by the warden and the prison counsel, the mayor, and the city council to provide a method for dealing with an anticipated rise in violence as the demographic of the prison population puts more less experienced inmates in the facility. You must identify types of personnel who you would involve in the evaluation. There will be a number of inmates whose mental health will make them prone to violence, and some who will be more likely to be victimized by that violence. An example that may be considered is not to put a minority in a cell block with large numbers of members of white supremacy gangs. Other issues might include identifying persons who have demonstrated leadership through force, and segregating them to prevent them from affecting the population’s mood.

In a 3–5 page position paper, respond to the following questions based on the scenario:

• Describe how corrections officers responding to an incident in the cell block might identify a potentially mentally ill inmate from one that is just acting out.
• Explore the mental illness of post traumatic stress disorder (PTSD), schizophrenia, and bipolar disorder. Given the confines of the cell block, how you would best approach an inmate who is suffering from one of these three conditions?
• Explain what you believe should be included in training corrections officers and staff to safely handle mentally ill inmates in a restricted environment (keep in mind: safety first, followed by reasonable empathy).

3-5 pages APA format 3-5 references