About This Chapter
Risks in Planning & Accounting - Chapter Summary
Work through this helpful chapter at your own pace as you study risks in planning and accounting. Just a few of the subjects that you'll find here include target-profit and break-even analysis techniques and the importance of ethics in accounting. All of our resources are written by professional instructors so that you can understand these topics easily. The lesson quizzes and chapter test offer assistance helping you discover any areas that need more work. Feel free to reach out to an expert through the Dashboard if you need it. After you complete this chapter, you should be ready to:
- Outline a strategic business that includes long-term goals and vision
- Calculate target profits and break-even points
- Calculate the quick ratio, current ratio, debt-to-assets ratio, earnings per share, and return on equity
- Describe unethical accounting practices
- Explain the importance of the Sarbanes-Oxley Act of 2002
1. What Are Strategic Plans in Business? - Definition & Examples
Strategic planning is the process of outlining a long-term vision for a company. Learn about the role of strategic planning in business, see its application, and take a quiz on what you've learned.
2. Target-Profit & Break-Even Analysis
A business needs to know how many units to produce in order to cover its costs and make a profit. In this lesson, you'll learn about break-even analysis and calculating target profit.
3. Financial Statement Ratios: Determining Company Performance
Have you ever wondered why the financial statements are so important to a company? In this lesson, you will learn about several financial statement ratios and how they help determine company performance.
4. The Importance of Ethics in Accounting
Ethics - are they really important in accounting? In this lesson, we will discuss what ethics are and what role they play in accounting; we'll also review a case that is deeply rooted in ethics. In the end, we will decide whether or not ethics are important in accounting.
5. The Sarbanes-Oxley Act: Definition and Explanation
Government regulations play a major role in corporate financial reporting. In this lesson, you will learn about one of the most important regulations enacted in the last two decades - the Sarbanes-Oxley Act.
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