10 Jul music warehouse, accounting homework help
Question Description
I need help with a 2-3 page document and Excel file. Below is the assignment details:
It is the end of a reporting period. Because there are more people than usual retiring this year, your manager has asked your accounting department to create 2 things:
A process documentation detailing the different methods of preparing income statements, specific sections of the income statement, and how to handle the special types of income statement items
Basic financial statements for your company
What you need to do:
Visit the SEC’s Web site (http://idea.sec.gov/idea/searchidea/companysearch_idea.html).
Select a company filing of your choice that contains a multiple-step income statement.
I have selected Target Corporation as a company that contains a multiple-step income statement. The link to the filing of Target Corporation is https://www.sec.gov/Archives/edgar/data/27419/0000…
Prepare a process documentation that
is prepared in a professional manner because it will be the desktop guide used by others in the event of your absence to prepare the financial statements for Music Warehouse.
is in the form of a memorandum or as a numbered listing of items, depending on your individual preference.
includes the following elements:
a definition and description of the specific sections of the income statement
a description of the different methods of preparing income statements
an explanation of the conceptual guidelines for reporting income
how to handle the special types of income statement items
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