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BUS627Week2DiscussionForum2

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BUS 627 Week 2 – Discussion Forum 2Required ResourcesTextBrodersen, S., & Pysh, P. (2014).Warren Buffett accountingbook: Reading financial statements for value investing. Retrieved from https://www.vitalsource.comChapter 6: Income Statement in DetailPorter, G., & Norton, C. (2018).Using financial accounting information: The alternative to debits and credits(10th ed.). Retrieved from https://www.cengage.comChapter 3: Processing Accounting InformationChapter 4: Income Measurement and Accrual AccountingChapter 5: Inventories and Cost of Goods SoldRecommended ResourcesBooksBrodersen, S., & Pysh, P. (2014).Warren Buffett accounting book: Reading financial statements for value investing. Retrieved from https://www.vitalsource.comThis book provides information about financial statements, including the income statement, balance sheet, and statement of cash flows, as well as financial ratios and financial statement analysis. It may assist you with your Current Assets and Current Liabilities Analysis Case Study and Inventory Turnover Analysis Case Study discussion forums, and the Week 2 CNow Homework Problems assignment this week.Piper, M. (2010).Accounting made simple: Accounting explained in 100 pages or less(Links to an external site.). Retrieved from https://www.academia.edu/35733742/Accounting_made_simple_pdfThis book provides a high-level overview of accounting, including the accounting equation, income statement, balance sheet, statement of cash flows, financial ratios, GAAP, cash versus accrual accounting, inventory, and cost of goods sold, and it may assist you with your Current Assets and Current Liabilities Analysis Case Study and Inventory Turnover Analysis Case Study discussion forums, and the Week 2 CNow Homework Problems assignment this week.ArticlesCalculating cost of goods sold. (2011). In J. Law,Business: The ultimate resource(3rd ed.). Retrieved from https://www.bloomsbury.com/us/The full-text version of this article is available through the Credo Reference database in the Ashford University Library. This article provides a discussion on how to calculate cost of goods sold with examples, and it may assist you with your Current Assets and Current Liabilities Analysis Case Study and Inventory Turnover Analysis Case Study discussion forums, as well as your Week 2 CNow Homework Problems assignment this week.Calculating current ratio. (2011). In J. Law,Business: The ultimate resource(3rd ed.). Retrieved from https://www.bloomsbury.com/us/The full-text version of this article is available through the Credo Reference database in the Ashford University Library. This article provides a concise tutorial on how to calculate the current ratio, and may assist you with your Current Assets and Current Liabilities Analysis Case Study and Inventory Turnover Analysis Case Study discussion forums, as well as your Week 2 CNow Homework Problems assignment this week.Efficiency and operating ratios. (2014). InQFinance: The ultimate resource(5th ed.). Retrieved from https://www.bloomsbury.com/us/The full-text version of this article is available through the Credo Reference database in the Ashford University Library. This article provides a concise tutorial on how to calculate efficiency ratios including inventory turnover ratio and may assist you with your Current Assets and Current Liabilities Analysis Case Study and Inventory Turnover Analysis Case Study discussion forums, as well as your Week 2 CNow Homework Problems assignment this week.Gross profit margin ratio. (2014). InQFinance: The ultimate resource(5th ed.). Retrieved from https://www.bloomsbury.com/us/The full-text version of this article is available through the Credo database in the Ashford University Library. This article provides a concise discussion of the gross profit margin ratio, including how to calculate it and why it is important, and it may assist you with your Current Assets and Current Liabilities Analysis Case Study and Inventory Turnover Analysis Case Study discussion forums, as well as your Week 2 CNow Homework Problems assignment this week.Johnston , L. A. (2017, April).Considering cash: Advantages and availability of the cash method of accounting.Tax Adviser,6–7. Retrieved from https://www.thetaxadviser.comThe full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article provides an in-depth discussion of the differences between cash basis and accrual basis accounting, with a specific focus on the advantages of cash basis accounting for businesses that are not required to use accrual basis accounting for tax purposes. It may assist you with your Week 2 CNow Homework Problems assignment this week.MultimediaEdspira. (2013, July 12).Gross profit margin ratio, defined and explained(Links to an external site.)[Video file]. Retrieved from https://youtu.be/bPXNgnbRsfwThis video discusses and demonstrates how to calculate the gross profit margin ratio and may assist you with your Current Assets and Current Liabilities Analysis Case Study discussion forum and Week 2 CNow Homework Problems assignment this week. This video has closed captioning and a transcript.Accessibility Statement(Links to an external site.)Privacy Policy(Links to an external site.)Edspira. (2013, July 15).How to calculate inventory turnover(Links to an external site.)[Video file]. Retrieved from https://youtu.be/Ophz0_bkUAgThis video discusses and demonstrates how to calculate the inventory turnover ratio and may assist you with your Inventory Turnover Analysis Case Study discussion forum and Week 2 CNow Homework Problems assignment this week. This video has closed captioning and a transcript.Accessibility Statement(Links to an external site.)Privacy Policy(Links to an external site.)Edspira. (2014, August 31).Average cost inventory method(Links to an external site.)[Video file]. Retrieved from https://youtu.be/qAWVVw-dC5AThis video discusses and demonstrates how to calculate ending inventory using the average cost method and may assist you with your Week 2 CNow Homework Problems assignment this week. This video has closed captioning and a transcript.Accessibility Statement(Links to an external site.)Privacy Policy(Links to an external site.)Edspira. (2014, August 31).FIFO inventory method(Links to an external site.)[Video file]. Retrieved from https://youtu.be/Wa83L8TvoaMThis video discusses and demonstrates how to calculate ending inventory using the FIFO method and may assist you with your Week 2 CNow Homework Problems assignment this week. This video has closed captioning and a transcript.Accessibility Statement(Links to an external site.)Privacy Policy(Links to an external site.)Edspira. (2014, August 31).LIFO inventory method(Links to an external site.)[Video file]. Retrieved from https://youtu.be/zLAvpS6o25EThis video discusses and demonstrates how to calculate ending inventory using the LIFO method and may assist you with your Week 2 CNow Homework problems assignment this week. This video has closed captioning and a transcript.Accessibility Statement(Links to an external site.)Privacy Policy(Links to an external site.)Khan Academy. (2011, March 30).Comparing accrual and cash accounting | Finance & capital markets | Khan Academy(Links to an external site.)[Video file]. https://youtu.be/LU_6amWC6H8This video discusses the difference between accrual and cash accounting, and it may assist you with your Week 2 CNow Homework Problems assignment this week. This video has closed captioning and a transcript.Accessibility Statement(Links to an external site.)Privacy Policy(Links to an external site.)Kloza, B., & Walko, D. S. (Executive Producers), & Dimoff , D. (Producer). (2015).Ratio analysis: Business finance essentials[Series episode]. InBusiness finance essentials[Streaming video]. Retrieved from the Films On Demand database.The full version of this video is available through the Films On Demand database in the Ashford University Library. This video covers the ratios most commonly used to analyze a business and summarizes ratio analysis, quick ratio, inventory turnover ratio, debt-to-equity ratio, return-on-equity ratio, and net profit margin ratio. This video may assist you with your Current Assets and Current Liabilities Analysis Case Study and Inventory Turnover Analysis Case Study discussion forums, as well as your Week 2 CNow Homework Problems assignment this week. This video has closed captioning and a transcript.Kloza, B., & Walko, D. S. (Executive Producers), & , R. (Producer). (2014).Basic accounting terms[Segment]. In Accounting basics and definitions: Accounting fundamentals [Series episode]. In B. Kloza (Executive Producer), & R. Granberry (Producer),Accounting fundamentals[Streaming video]. Retrieved from Films On Demand database.The full version of this video is available through the Films On Demand database in the Ashford University Library. This video provides an overview of accounting fundamentals, including importance of accurate accounting, basic accounting terms, financial reporting, income statements, balance sheets (assets), balance sheets (liabilities), and owner equity and statements of cash flows. This video may assist you with your Current Assets and Current Liabilities Analysis Case Study and Inventory Turnover Analysis Case Study discussion forums, as well as your Week 2 CNow Homework Problems assignment this week. This video has closed captioning and a transcript.Web PageBoundless. (n.d.).Differences between accrual-basis and cash-basis accounting(Links to an external site.). Retrieved from http://oer2go.org/mods/en-boundless/www.boundless.com/accounting/textbooks/boundless-accounting-textbook/detailed-review-of-the-income-statement-13/revenue-recognition-85/differences-between-accrual-basis-and-cash-basis-accounting-390-7238/index.htmlThis web page provides a concise overview of the differences between cash basis and accrual basis accounting, and it may assist you with your Week 2 CNow Homework Problems assignment this week.Accessibility Statement doesn’t exist.Privacy Policy doesn’t exist.InstructionPrior to beginning work on this discussion forum, read Chapter 5 in the course textbook,Using Financial Accounting Information: The Alternative to Debits and Credits.You may consider using the same company and annual reports that you chose in yourWeek 1 – Discussion Forum, Reading and Using the Annual Report Case Study. This choice will only work if the company generates the bulk of its revenue from the sale of goods and maintains inventory. If not, then you will need to select another company for this analysis. Choose a company that a fellow student has not already posted.Address the following:Calculate the inventory turnover ratio and number of days’ sales in inventory for the company for the latest two years. Obtain the industry averages for these ratios and any other pertinent information from IBISWorld, and analyze the results.Discuss what each of these ratios tells you about the company’s efficiency in managing its inventory, and how they compare to the industry average.Identify the major causes of any changes in these ratios, and discuss your assessment of the company based on these changes.If you are an investor, explain whether or not you are satisfied with the company’s inventory management.Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and/or credible resource, in addition to the text.