Our Module 2 discussion will focus on familiarizing yourself with someone in the accounting profession.

The purpose of this assignment is to get a picture of the various roles managers play and the skills required to perform effectively in an accounting role.

You should choose to interview someone who has been in the accounting field for at least 2 years, employed full time. Please use the questions below, but feel free to add your own. Ask frequently for examples which illustrate the interviewee’s experience. When an interviewee tells you an interesting story, make sure to ask further questions so you understand how this experience is related to their work and their skills.

Take notes during the interview and then summarize what you learned. Do not provide a verbatim account of the interview! Rather describe what you learned about he accounting field, the skills needed to be successful, what challenges they face, etc. Start the interview by having the individual describe their organization, their specific role and their background briefly. Then use these questions to follow up:

1. Describe a typical day at work.

2. What are the critical skills needed to be successful in your line of work?

3. Name one recent change you had to deal with at work and describe how you managed that change.

4. What do you like best about your work in the field of accounting? Like the least?

5. What would you like to learn more about that would help you to continue to improve in your job?

6. What one piece of "advice" would you give to someone considering a career in accounting?

Summarize what you learned by conducting this interview. Start your posting by briefly describing your interviewee's role and the organization they work for as well as their background (education/formal training, previous jobs, etc.). Then, list each question and provide your interviewee's answer.:

a2 Milk Ltd Pty.

a2 Milk is an Australian company specialising in producing fresh milk and milk formula. The company has its operations in Australia. Therefore, there expenses are generally invoiced in Australian dollars (AUD). However, it has recently imported supplies from New Zealand, and the bill is invoiced in the New Zealand dollars (NZD) for NZD 1,500,000, payable in 6 months’ time.

Suppose a2 Milk’s management is concerned about foreign exchange rate exposure, and would like to hedge this risk. Suppose also that you observe the following quotes in the foreign exchange market:

The banker offers to set up a forward hedge based on the NZD/AUD forward cross-exchange rate implicit in the forward rates against the dollar. Suppose you are a risk manager at a2 Milk. You are required to advise the CEO the following:

1. The AUD equivalent of this transaction at the current spot exchange rates. (Could you explain in details and step by step)
2. The foreign exchange rate risk exposure of this transaction. (Could you explain in details and step by step)
3. Whether the company should hedge. If so, show the CEO how you would hedge this risk exposure with the available forward contracts. (Could you explain in details and step by step)

7. The mean weight of students from a certain university is 70 kg with a standard deviation

of 17 kg. i.

ii. iii.

Assume that the weights of students in the university are normally distributed.

What is the probability that the weight of a randomly chosen student is greater than 100 kg?

What is the probability that the weight of a randomly chosen student is between 60 kg and 80 kg?

If you were to take a sample of 16 students, what is the probability that the mean of this sample is more than 73 kg?

A large university is interested in learning about the average time it takes students to drive to campus. The university sampled 238 students and asked each to provide the amount of time they spent traveling to campus, the average and standard deviation were 21.5 and 4.32 respectively. This variable, travel time, was then used conduct a test of hypothesis. The goal was to determine if the average travel time of all the university's students differed from 20 minutes. Use a level of significance of 0.05. (p value method)

A report claims that 46​% of​ full-time college students are employed while attending college. A recent survey of 60 ​full-time students at a state university found that 28 were employed. Use the​ five-step p-value approach to hypothesis testing and a 0.05 level of significance to determine whether the proportion of​ full-time students at this state university is different from the national norm of 0.46. find the t statistic find the p value find the critical value

Let X represent the weight of the students at a university. Suppose X has a mean of 75 kg and a standard deviation of 10 kg. Among 100 such randomly selected students from this university, what is the approximate probability that the average weight of this sample (X100) lies between

(a) 74 and 75 kg

(b) greater than 76 kg

(c) less than 73 kg

Assume that the sample size(N) is large enough for the CLT (Central Limit Theorem) to be applicable.

A university called UCLA conducts about 1300 experiments on animals which includes 150000 rodents and 21 nonhuman primates. One day, a scientist from UCLA gets attacked by Animal rights protestors. They burned his car and gave him many threatening letters. In this case, UCLA should take responsibility for scientist safety? How can the university protect the scientist? The government should take responsibility to who conducts animal research? What they can do?

PLEASE ANSWER AND MAKE A SOLUTION.

1. The capital accounts of Kamprad, Inc. on December 31, 2019, were as follows:

Preference share capital, 20,000 shares, $20 par = $400,000
Share premium - preference = 160,000
Ordinary share capital, 50,000 shares, $80 par = 4,000,000
Share premium – ordinary = 600,000
Retained earnings = 360,000

During the year ending December 31, 2010, the following summarizes the transactions affecting the shareholders’ equity

April 30 - 1,000 preference shares were retired at $25 per share.

June 15 - 2,000 treasury shares, ordinary, were purchased at $85 per share.

June 30 - A two-for-one ordinary share split was declared.

July 31 - 800 treasury shares were reissued at $50 per share.

Dec. 31 – Profit for 2010 was $300,000.

What was the total share premium on December 31, 2020?

a. $760,000        c. $755,000

b. $766,000        d. $761,000

2. Black Corporation was organized on January 3, 2020. Black was authorized to issue 50,000 ordinary shares with a par value of P$10 per share. On January 4, Black issued 30,000 ordinary shares at $25 per share. On July 15, Black issued an additional 10,000 shares at $20 per share. Black reported income of $33,000 during 2020. In addition, Black declared a dividend of $0.50 per share on December 31, 2020. The amount reported on Black Corporation's December 31, 2020, balance sheet as shareholders' equity was

a. $400,000        c. $550,000

b. $950,000        d. $963,000

3. White Corporation was incorporated on June 1, 2020 with an authorized 200,000, no-par, ordinary shares, stated value $10 and 10,000, 9% par value $30, preference shares. Transactions affecting company’s equity as of July 31, 2020 were as follows:

June 1 - 50,000 ordinary shares were issued at $10.

June 5 - Assets with a total appraised value of $600,000 were acquired in exchange for 50,000 ordinary shares.

June 15 - Subscriptions were received for 100,000 ordinary shares at $15 and for 5,000 preference shares at $35.

June 25 - Payments in full for the ordinary and preference shares subscribed June 15 were received and the corresponding shares were issued.

The total shareholders’ equity as of July 31, 2020 is

a. $2,875,000        c. $2,750,000

b. $2,300,000        d. $2,775,000