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Assignment 1: Business Financial Metrics
Due Week 8 and worth 200 points Events in the world of corporate finance during the past three (3) years have shown the importance of transparent and accurate financial reporting by businesses. There are numerous methods for evaluating the financial well-being of a business. In this paper, we will review and evaluate the financial analysis tools available to business manager, investors, and government regulators. Write a five to six (5-6) page paper in which you:

Compare and analyze the financial metrics and ratios used to evaluate the balance sheet and income statement information.
Describe how these metrics are used by business managers, markets and investors, and government regulators.
Identify the metric you think is the most important to managers, markets, and investors. Justify your answer.
Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Describe and evaluate the importance of the professional environment of financial accounting, the functions of related organizations such as the SEC, the AICPA, the FASB and its predecessors, and the creation of Financial Accounting Standards, the conceptual framework, and other sources of GAAP.
Prepare the main sections of the four primary financial accounting statements: the income statement, the statement of retained earnings, the balance sheet, and the statement of cash flows
Use technology and information resources to research issues in intermediate accounting.
Write clearly and concisely about intermediate accounting using proper writing mechanics.

Clickhereto view the grading rubric.

Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric.

Points: 200	Assignment 1: Business Financial Metrics
Criteria	Unacceptable Below 60% F	Meets Minimum Expectations 60-69% D	Fair 70-79% C	Proficient 80-89% B	Exemplary 90-100% A
1. Compare and analyze the financial metrics and ratios used to evaluate balance sheet and income statement information. Weight: 30%	Did not submit or incompletely compared and analyzed the financial metrics and ratios used to evaluate balance sheet and income statement information.	Insufficiently compared and analyzed the financial metrics and ratios used to evaluate balance sheet and income statement information.	Partially compared and analyzed the financial metrics and ratios used to evaluate balance sheet and income statement information.	Satisfactorily compared and analyzed the financial metrics and ratios used to evaluate balance sheet and income statement information.	Thoroughly compared and analyzed the financial metrics and ratios used to evaluate balance sheet and income statement information.
2. Describe how these metrics are used by business managers, markets and investors, and government regulators. Weight: 25%	Did not submit or incompletely described how these metrics are used by business managers, markets and investors, and government regulators.	Insufficiently described how these metrics are used by business managers, markets and investors, and government regulators.	Partially described how these metrics are used by business managers, markets and investors, and government regulators.	Satisfactorily described how these metrics are used by business managers, markets and investors, and government regulators.	Thoroughly described how these metrics are used by business managers, markets and investors, and government regulators.
3. Identify the metric you think is the most important to managers, markets, and investors. Justify your answer. Weight: 30%	Did not submit or incompletely identified the metric you think is the most important to managers, markets, and investors, or did not submit or justify your answer.	Insufficiently identified the metric you think is the most important to managers, markets, and investors, or insufficiently justified your answer.	Partially identified the metric you think is the most important to managers, markets, and investors, or partially justified your answer.	Satisfactorily identified the metric you think is the most important to managers, markets, and investors, or satisfactorily justified your answer.	Thoroughly identified the metric you think is the most important to managers, markets, and investors, or thoroughly justified your answer.
4. 3 references Weight: 5%	No references provided	Does not meet the required number of references; all references poor quality choices.	Does not meet the required number of references; some references poor quality choices.	Meets number of required references; all references high quality choices.	Exceeds number of required references; all references high quality choices.
5. Clarity, writing mechanics, and formatting requirements Weight: 10%	More than 8 errors present	7-8 errors present	5-6 errors present	3-4 errors present	0-2 errors present

David · Accepted Answer

Accounting Transparency                                                                                                                                           1 
 
Date: 15 Feb 2013
ACCOUNTING TRANSPARENCY 
Name of student: 
Name of professor:
Accounting Transparency                                                                                                                                           2 
 
ACCOUNTING TRANSPARENCY 
Accounting is mainly concerned with general rules, concepts and principles that are 
established with the purpose of governing different fields of financial reporting. Accounting 
principles are also known as accounting principles and guidelines, these acts as the base on 
which more complex and critical rules are based. The authority responsible for issuing the 
accounting standards (i.e. financial accounting standard board) also uses these basic principles to 
formulate the accounting standards in a more efficient manner. 
Generally accepted accounting principles (GAAP) consist of various rules and principles 
which are used for preparing the financial statements. GAAP consist of three important fields:- 
1) Basic accounting principles and guidelines. 
2) Various accounting standards issued by FASB. 
3) Generally accepted practices in the industry.  
All those companies which are providing its financial statement to public is required to 
follow the GAAP while preparing the financial statements. Further, if the company is a listed 
entity then the federal law of the nation requires the company to get its accounts audited by an 
independent certified public accountant. 
There has been various corporate scams in past years which has made it compulsory for 
the regulatory bodies to create various laws and amend the existing laws so that more accurate 
and transparent financial statements can be prepared. Few of the corporate scams which has 
created more awareness towards the need of accurate financial reporting are “The REPO 105” 
scam by Lehman, this fraud helped the banks to improve their leverage and cap ratios in order to 
gain more credit rating and in turn increasing the customers and investors. Due to lack of 
accounting disclosures and loop holes in the accounting standards the banks are able to misuse 
Accounting Transparency                                                                                                                                           3 
 
the accounting. In past there have been numerous accounting scams, these scams helped in 
creating the awareness towards the importance of the transparency in accounting. 
Regulatory bodies 
There are various measures taken by the federal govt. and accounting board to improve 
the transparency in accounting. Various bodies has come into play, these bodies regulates whole 
accounting, auditing, financial reporting, corporate social responsibility,

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