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Section 1: Identify and analyze your debts – What assets secure your debts? What assets

Section 1: Identify and analyze your debts – What assets secure your debts? What assets do your debts finance? What is the cost of your debts? What determined those costs? What risks do you undertake by being in debt? How can being in debt help you build wealth?

Section 2: Risk and the 5C’s – Are you considered a default risk? How would a lender evaluate you based on “the five C’s” of character, capacity, capital, collateral, and conditions? How could you plan to make yourself more attractive to a lender in the future?

Section 3: Review video and comment – Discuss the Tim Clue video on debt. What makes this comedy spot funny? What makes it not funny? What does it highlight about the appropriate uses of debt?

Compare and contrast financial and managerial accounting.

Paper details Instructions
Write a 750 – 1250 word paper on the following topic:

Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve operational and financial performance.

Your paper must be formatted according to APA 6th edition guidelines, and you need to use at least three external references. Save your file as “LastnameFirstinitial-ACCT105-8.”

Submit your work by midnight ET on Day 7 (Sunday).

Note that your attached paper will automatically be submitted to Turnitin, and an Originality Report should be sent back to the classroom within around 15 minutes. The Originality report does not actually recommend changes. It does point out where you may need to add a citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it will assist you in improving quality and content, as well as avoid plagiarism. Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your references are cited. A report with a similarity index less than 25% is acceptable for undergraduate level work.

Your paper will be evaluated according to the Writing Assignment Grading shown below. To maximize your grade, be sure to use the proper organization (intro, body, conclusion) and follow APA style. Your paper should have a title page and reference page, but you do not need an abstract for this assignment. See the PowerPoint presentation attached for APA assistance.

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