TU Questions: Small Business Computer Services Inc

TU questions: Computer Services Inc
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TU QUESTIONS Write 4-5 sentences on how accounting reports can be used to determine if the companies misreport data in order to mislead the investor and cover the losses?
What are the main financial accounting statements that a firm must keep? Explain your answer.
Analysis financial reports show whether there has been earnings management, overstated revenues, and understated expenses to hide losses. Many fraudulent activities involve manipulation of figures to misrepresent the financial situation. Determining whether the reported financial accounts adhere to GAAP may indicate the extent to which they reports reflect a true and fair value. The main financial statements that a company must keep are the income statement, balance sheet, cash flow statement and retained earnings statement. The four are essential in diverse companies and they serve different purposes to show the financial situation of the company.
2b. How can you find public financial reports for a firm? Did you find the financials for your reference organization, Computer Services Inc? If so, please provide us the link. If not, tell us the next steps you could do to find the reports.
Yahoo Finance has records of Computer Services Inc and this information is the same as the one presented as annual reports (10 K), and also includes historical share prices over time. The company’s website provides annual reports for different fiscal years, while Yahoo finance aggregates the formation for the three year periods.
Link:  HYPERLINK "http://finance.yahoo.com/q?s=CSVI" http://finance.yahoo.com/q?s=CSVI
 HYPERLINK "http://sf.csiweb.com/uploads/96568/Content/QuarterlyReports/CSVI_FY15AnnualReport.pdf" http://sf.csiweb.com/uploads/96568/Content/QuarterlyReports/CSVI_FY15AnnualReport.pdf
Describe 2-3 risks that small businesses face.
List some of the risk that your reference organization faces and specify how you would mitigate them if you were the manager. Explain your answer. Do you believe these risks are also relevant to your organization you will use for your signature assignment? Please explain.
Small businesses may face challenges to fill positions because of high turnover to better paying jobs, while also having to deal with the issue of training new recruits who cannot quickly fill up positions. Another risk is related to cyber security and managers ought to point out and advise their clients how to improve their security when there are loopholes. Intellectual right infringement and financial concerns are business risks that firms in the technology sector including Computer Services Inc. the company provides services to clients, but financial service providers are still prone to cyber security threats (Investment Weekly News, 2015). Customer demands may change while the company may face difficulties to access diverse sources of finances.
Discuss the code of ethics and conduct in your reference organization, Computer Services Inc. Compare and contrast at least two of the components with what you learned in the background readings/material and discuss how these components impact the business.
The company requires that all employees adhere to profess...