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 a common exposure to accounting and finance in current bookkeeping position.

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

3.Assume accrual accounting were used at an organization like big catering company? 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 an 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 accruals and cash flows in a career? Practice and continuous education are the keys to mastering a subject.Create and describe a plan below that details how you will keep the material fresh and ensure that it gets utilized.