I need help with answering the questions below as a guide or understanding of what is being asked.

Course Project Variation

This project variation is available for you to complete if the above interview is not feasible.

1.Describe your exposure to accounting and finance in your current position.

2.Describe what financial information is used in a bookkeeping position.

3.Assume accrual accounting were used at an organization? What would be the largest and most important accruals? These will typically be driven by large expenditures that yield benefits in future periods, and cash inflows that are known and earned well in advance of their receipt.

4.Do you know how financial mistakes are corrected in an organization?Is there a process in place to ensure the numbers are correct?Do you know if there is an internal audit procedure inside your organization?

5.Choose an organization that you find interesting, describe it, and describe the main sources of cash inflows and outflows?How large are investing and financing cash flows, relative to operating cash flows?

6.For the same organization you described in item 5, describe how much or little you expect the three sections of the cash flow statement to change year over year (operating, financing, and investing), and why.

7.How do you plan to apply what you are learning in accruals and cash flows in your career? Practice and continuous education are the keys to mastering a subject.Make a plan below that details how you will keep the material fresh and ensure that it gets utilized.