Question Number: 339

XACC 280 Week 1 DQ 1In your own words, how would you describe financial accounting? Select two users, one internal and one external, who you think benefit the most from accounting. Explain why and how you think they benefit.XACC 280 Week 1 DQ 2What do each of the four financial statements tell you about a company? How do companies use financial statements? Which financial statement do you think is the most useful and why?XACC 280 Week 3 DQ 1What is the difference between the cash basis of accounting and the accrual basis of accounting? Which one would you select for a company that has inventory and why? Does the size of the company make a difference? Explain how. What would be the advantages and disadvantages of using one basis of accounting over the other?XACC 280 Week 5 DQ 2What's the purpose of a worksheet? How does a worksheet relate to preparing financial statements and adjusting entries? Is it necessary to prepare formal financial statements if all of the data are in the statement columns of the worksheet? Explain.Review Illustrations 15-17 through 15-24 on pp. 710–714 of Financial Accounting.Given the data, would you have invested in Quality Department Store in 2006? Explain why or why not. Summarize your analysis of the financial data to support your reasoning. What recommendations would you make to improve the financial health of this company? Explain why. XACC 280 Week 9 Capstone DQReview the annual reports for PepsiCo, Inc. and The Coca-Cola Company in Appendixes A & B of Financial Accounting. Select either PepsiCo, Inc. or The Coca-Cola Company. In your estimation, the company you chose may be financially healthier or weaker.Would you invest in this company? Explain why or why not. Justify your reasoning, by presenting at least three key financial ratios that analyze the profitability, the liquidity, or the solvency of the company.