1 page responsePart 1 Describe the purpose of a Trial Balance .docx

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1 page response: Part 1: Describe the purpose of a Trial Balance and the steps of how to prepare a Trial Balance. Part 2: Meredith Ward is the assistant chief accountant at Frazier Company, a manufacturer of computer chips and cellular phones. The company presently has total sales of $20 million. It is the end of the first quarter. Meredith is hurriedly trying to prepare a trial balance so that quarterly financial statements can be prepared and released to management and the regulatory agencies. The total credits on the trial balance exceed the debits by $1,000. In order to meet the 4 p.m. deadline, Meredith decides to force the debits and credits into balance by adding the amount of the difference to the Equipment account. She chooses Equipment because it is one of the larger account balances; percentage-wise, it will be the least misstated. Meredith “plugs” the difference! She believes that the difference will not affect anyone's decisions. She wishes that she had another few days to find the error but realizes that the financial statements are already late. Answer the following questions: Who are the stakeholders in this situation? What are the ethical issues involved in this case? What are Meredith's alternatives? Thank you. .

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1 page responsePart 1 Describe the purpose of a Trial Balance .docx

Part 1: Describe the purpose of a Trial Balance and the steps of how to prepare a Trial Balance. Part 2: Meredith Ward is the assistant chief accountant at Frazier Company, a manufacturer of computer chips and cellular phones. The company presently has total sales of $20 million. It is the end of the first quarter. Meredith is hurriedly trying to prepare a trial balance so that quarterly financial statements can be prepared and released to management and the regulatory agencies. The total credits on the trial balance exceed the debits by $1,000. In order to meet the 4 p.m. deadline, Meredith decides to force the debits and credits into balance by adding the amount of the difference to the Equipment account. She chooses Equipment because it is one of the larger account balances; percentage-wise, it will be the least misstated. Meredith plugs the difference! She believes that the difference will not affect anyone's decisions. She wishes that she had another few days to find the error but realizes that the financial statements are already late. Answer the following questions:.

Meredith Ward is the assistant chief accountant at Frazier Company, .pdf

foottraders

Meredith Ward is the assistant chief accountant at Frazier Company, a manufacturer of computer chips and cellular phones. The company presently has total sales of $20 million. It is the end of the first quarter. Meredith is hurriedly trying to prepare a trial balance so that quarterly financial statements can be prepared and released to management and the regulatory agencies. The total credits on the trial balance exceed the debits by $1,000. In order to meet the 4 p.m. deadline, Meredith decides to force the debits and credits into balance by adding the amount of the difference to the Equipment account. She chooses Equipment because it is one of the larger account balances; percentage-wise, it will be the least misstatedMeredith “plugs” the difference! She believes that the difference will not affect anyone’s decisions. She wishes that she had another few days to find the error but realizes that the financial statements are already late. Who are the stakeholders in this situation? What are the ethical issues involved in this case? What are Meredith’s alternatives? Solution Part A The stakeholders in this situation are: - the Frazier company, the company and its shareholders. - Meredith Ward who is employee working at a position of assistant chief accountant. - Users of the company’s financial statements. Part B Meredith\'saction of adding $1,000 to the Equipment account is unethical. The total of equipment account is intentionally misstated. The misstatement of equipment account by $1000 will also result into misstatement of other account by $1000 to avoid error that may arise due to imbalance. If the amount would have been immaterial and there is no intention to commit fraud (cover up an embezzlement or other misappropriation of assets), Meredith’s action might not be considered unethical in the preparation of interim financial statements. However, if Meredith is considered to be violating a company accounting policy by her action, in that case her behaviour is believed to be unethical. Part C Meredith’s alternatives are: 1. Identify the error causing the imbalance though it requires more time than deadline 2. She should honestly inform her supervisor of the imbalance and suffer the consequences. 3. making the adjustment in the next quarter, identifying the error after deadline.

Jennifer VanPelt is the assistant chief accountant at BIT Company, a.pdf

ahalyak3

Jennifer VanPelt is the assistant chief accountant at BIT Company, a manufacturer of computer chips and cellular phones. The company presently has total sales of $20 million. It is the end of the first quarter and Jennifer is hurriedly trying to prepare a trial balance so that quarterly financial statements can be prepared and released to management and the regulatory agencies. The total credits on the trial balance exceed the debits by $1,000. In order to meet the 4 p.m. deadline, Jennifer decides to force the debits and credits into balance by adding the amount of the difference to the Equipment account. She chose Equipment because it is one of the larger account balances; percentage-wise it will be the least misstated. Jennifer plugs the difference! She believes that the difference is quite small and will not affect anyone\'s decisions. She wishes that she had another few days to find the error but realizes that the financial statements are already late. Instructions 1. Who are the stakeholders in this situation? 2. What ethical issues are involved? 3. What are Jennifer\'s alternatives? Solution Answer:1 . Stakeholders are the people who are affected by the decision. That would be Jennifer VanPelt, her manager, the company, the shareholders, and whoever is in charge of the Equipment account. Answer:2 The ethical issue is malfeasance. If Jennifer VanPelt is dishonest even though it was probably someone else\'s mistake, she is getting herself wrapped up in a problem and making it worse. Plugging numbers means not only is the mistake going to remain, but now the Equipment account is messed up, too. Answer:3 Jennifer\'s first alternative would be to go to the chief accountant and point out the discrepancy. Since the credits exceed the debits, this shouldn\'t be a big deal, because there isn\'t any money missing. Her second alternative would be to ask for an extension due to the discrepancy. The third alternative would just be to submit the numbers, even though they don\'t balance, and say that it should only take a few days to find the problem..

Exam paper financial management

NMIMS ASSIGNMENTS HELP

This document contains an examination paper for the subject of Financial Management. It has three sections: Section A contains multiple choice and short answer objective questions; Section B contains two case studies for students to analyze and provide recommendations; Section C contains two applied theory questions requiring longer answers. The paper tests students' understanding of key concepts in financial management and their ability to evaluate scenarios and propose solutions regarding issues like capital structure, financing options, and working capital management.

Exam paper financial_management

NMIMS ASSIGNMENTS HELP

CASE STUDY ANSWERS ASSIGNMENT SOLUTIONS PROJECT REPORTS AND THESIS ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL MBA - EMBA - BMS - GDM - MIS - MIB DMS - DBM - PGDM - DBM – DBA - PGDBM www.mbacasestudyanswers.com www.casestudysolution.in www.casestudies.co.in aravind.banakar@gmail.com ARAVIND 09901366442 - 09902787224

Financial management (1)

NMIMS ASSIGNMENTS HELP

George Thomas is reviewing credit recommendations for 5 potential clients of Wishart & Associates investment banking firm. Meenda, a partner, visited the 5 clients and left notes on each. George reviews the notes: 1) APT needs $8M now and $4M in 4 years for machinery to increase profits. Good management with low debt. 2) Sandford needs $16M for machinery. Management wants to retain control. 3) Sharma Brothers needs $20M but can only raise $12M with debt. Seeks investors but not at a discount. 4) Sacheetee wants to sell stock at $21/share or use debt. Appeals to quick profit investors.

Financial Management

harshadevarkar

Financial management.

NMIMS ASSIGNMENTS HELP

1. George Thomas is waiting for recommendations from his partner Meenda on appropriate securities for 5 potential clients seeking financing. Meenda's telegram lists common stock, preferred stock, debt with warrants, convertible bonds, and callable debentures but does not match them to clients. 2. George reviews folders on each client which note their financing needs and characteristics. APT needs $8M now and $4M later for growth. Sandford needs $16M for machinery but management wants to retain control. Sharma Brothers needs $20M but cannot raise more than $12M as debt. 3. George must determine which security is best suited to each client to pass recommendations along before Monday.

1. George Thomas is waiting for recommendations from his partner Meenda on appropriate financing options for 5 potential clients. Meenda's telegram lists common stock, preferred stock, debt with warrants, convertible bonds, and callable debentures but does not match them to clients. 2. George reviews folders on each client which note their financing needs and characteristics. APT needs funding for growth, Sandford wants to retain control, Sharma Brothers seeks additional shareholders but not at a discount, Sacheetee wants to sell stock above market price, and Ranbaxy needs long-term funding without losing control. 3. George must determine which financing option matches each client's needs and situation before making calls to discuss the

Financial Management

harshadevarkar

8 Hour SAFE Loan Originator Continuing Ed 2016

Jillayne Schlicke

This document provides an agenda and materials for an 8 hour continuing education course for loan originators. The course covers federal lending laws including TILA, RESPA, HMDA, appraisal rules, and the TRID rule. It also discusses non-traditional lending, ethics, consumer protection, fair lending, and mortgage fraud. Presentation materials include case studies, questions for discussion, and a quiz. A separate 1 hour section focuses on Washington state-specific requirements and includes a DFI rulemaking update, security best practices, and a case study on a DFI enforcement action.

An Economies Analysis of Financial Structure is a tool to analysis on how eco...

MengsongNguon

This document discusses the economic analysis of financial structure and sources of external finance. It summarizes that: 1) Indirect finance through financial intermediaries like banks is a more important source of external business finance than direct finance through securities markets. 2) Asymmetric information problems like adverse selection and moral hazard help explain why intermediation is predominant and why debt is used more than equity. 3) Financial intermediaries help address these problems through tools like monitoring, private information production, and net worth requirements for borrowers.

uestion 1 (1 point)What would be the value of a savings accoun.docx

willcoxjanay

uestion 1 (1 point) What would be the value of a savings account started with $1840 , earning 2 percent (compounded annually) after 19 years? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.) Your Answer: Question 1 options: Answer Save Question 2 (1 point) Brenda Young desires to have $32850 saved after 11 years from now for her kid's college fund. If she will earn 8 percent (compounded annually) on her money, what amount should she deposit now? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.) Your Answer: Question 2 options: Answer Save Question 3 (1 point) What amount would you have if you deposited $7000 a year for 12 years at 5 percent (compounded annually)? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.) Your Answer: Question 3 options: Answer Save Question 4 (2 points) What would be the net annual cost of the following checking account? · Monthly fee : $7.35 · Processing fee: $0.50 per check · Checks written: Average of 72 a month Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response. Your Answer: Question 4 options: Answer Save Question 5 (1 point) A few years ago, Michael Tucker purchased a home for $122000. Today the home is worth $162000. His remaining mortgage balance is $60000. Assuming Michael can borrow up to 62 percent of the market value of his home, what is the maximum amount he can borrow? Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response. Your Answer: Question 5 options: Answer Save Question 6 (1 point) Kim Lee is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living at home and works in a shoe store, earning a gross income of $1010 per month. Her employer deducts a total of $190 for taxes from her monthly pay. Kim also pays $70 on credit card debt each month. The loan she needs for chiropractic school will cost an additional $170 per month. Calculate her debt payments-to-income ratio with college loan. Don't forget to convert your answer to a percentage. Make sure to include zeros and the period in your answer. Round your answer to 2 decimal places. i.e. 20.12, 31.89, 10.02, 8.09, etc. Do not include the "%" sign in your answer. Your Answer: Question 6 options: Answer Save Question 7 (1 point) Kim Lee is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living at hom ...

The case study, requirement· Read the question closely; be su.docx

mehek4

The case study, requirement: · Read the question closely; be sure you know what is being asked. Briefly, indicated the facts of the case and write a brief outline of what you want to fit into your 3 pages. · Identify the dilemma: explain the ethical issue and support for alternative choices. Contrast reasons using prepositions: benefit/consequences of doing or not doing… · Explain the benefits/ consequences in terms of who, when, dollar amount, and certainty positive and negative consequences. Consider long run versus short run consequence. · Choose one position and explain the reason it is more ethical than the alterbatives refuting your support for the other positions. Where there is a dilemma, explain why ethical support for one choice is better than support for the other choices. Explain why this case is important. Case also can be found at the attached PDF file page 491. Please use the knowledge related to the book. No outside resource allowed. Thanks. Case 7-8 Diamond Foods On November 14, 2012, Diamond Foods Inc. disclosed restated financial statements tied to an accounting scandal that reduced its earnings during the first three quarters of 2012 as it took significant charges related to improper accounting for payments to walnut growers. The restatements cut Diamond’s earnings by 57 percent for FY2011, to $29.7 million, and by 46 percent for FY2010, to $23.2 million. By December 7, 2012, Diamond’s share price had declined 54 percent for the year. A press release issued by the company explains in great detail the accounting and financial reporting issues. 1 Diamond Foods, long-time maker of Emerald nuts and subsequent purchaser of Pop Secret popcorn (2008) and Kettle potato chips (2010), became the focus of an SEC investigation after The Wall Street Journal raised questions about the timing and accounting of Diamond’s payments to walnut growers. The case focuses on the matching of costs and revenues. At the heart of the investigation was the question of whether Diamond senior management adjusted the accounting for the grower payments on purpose to increase profits for a given period. The case arose in September 2011, when Douglas Barnhill, an accountant who is also a farmer of 75 acres of California walnut groves, got a mysterious check for nearly $46,000 from Diamond. Barnhill contacted Eric Heidman, the company’s director of field operations, on whether the check was a final payment for his 2010 crop or prepayment for the 2011 harvest. (Diamond growers are paid in installments, with the final payment for the prior fall’s crops coming late the following year.) Though it was September 2011, Barnhill was still waiting for full payment for the walnuts that he had sent Diamond in 2010. Heidman told Barnhill that the payment was for the 2010 crop, part of FY2011, but that it would be “budgeted into the next year.” The problem is under accounting rules, you cannot legitimately record in a future fiscal year an amount for a prior year’s c ...

UNIVERSITY OF WINDSOR .docx

hallettfaustina

UNIVERSITY OF WINDSOR Odette School of Business 04-70-255 Section 30 Winter 2017 Professor Orawski 100 marks INDIVIDUAL ASSIGNMENT (Weighting 20%) ASSIGNMENT DETAILS 1. Read the following five (5) problem-solving exercises and answer the required questions. All necessary workings should be shown. Where appropriate, secondary sources of information used in your report should be referenced accordingly. All solutions must be in a MS Word format, font 12, New Times Roman, margins of 1 inch all sides on letter-sized paper and double- spaced except for numerical workings which can be single-spaced. Question 1: What to Do? Question 2: Pacific Air Corporation Question 3: Hillview Gardens Question 4: Elf’s Place Inc. Question 5: Link’s Fine Burger’s Inc. 2. Submission deadline: April 3, 2017 at end of class. 4. Late assignments without prior consent will be penalized at the instructor's discretion. It is the student's responsibility to inform the instructor as soon as possible of the circumstances regarding a late assignment. Assignments are considered late if they are not submitted by e-mail to the professor by the submission date. 5. The instructor reserves the right to deduct the marks of students who do not contribute to group work When there is academic dishonesty of any form, the instructor reserves the right to assign the normal default grade· of zero on the assignment in question. There will be no supplementary exam or assignments for individuals who have breached this code of conduct. You are responsible for the contents of the assignment and subject to the default grade. In this course, your assignment might be submitted to electronic verification for the detection of plagiarism. .. QUESTION 1 – WHAT TO DO? (19 marks) Linda Lindeman, manager and owner of an advertising company in Charlotte, North Carolina, had arranged a meeting with Eric Weddle, the chief accountant of a large, local competitor. The two are lifelong friends. They grew up together in a small town and attended the same university. Eric was a competent, successful accountant but currently was experiencing some personal financial difficulties. The problems were created by some investments that had turned sour, leaving him with a $25,000 personal loan to pay off just at the time his oldest son was scheduled to enter college. Linda, on the other hand was struggling to establish a successful advertising business. She had recently acquired the rights to open a branch of a large regional advertising firm headquartered in Atlanta, Georgia. During her first two years, she had managed to build a small, profitable practice; however, the chance to gain a significant foothold in the Charlotte advertising community hinged on the success of winning a bid to rep ...

Corporate TAX homework problems. Need help with solving. email is .docx

voversbyobersby

Corporate TAX homework problems. Need help with solving. email is [email protected] Notes Ch1 corporations Complete the problems as presented in this document. You may create a new document and/or spreadsheet as needed. Any memo should be no more than 3 pages in length. Please state any assumptions used if problems are not clear. Problem 1 Your client, a physician, recently purchased a yacht on which he flies a pennant with a medical emblem on it. He recently informed you that he purchased the yacht and flies the pennant to advertise his occupation and thus attract new patients. He has asked you if he may deduct as ordinary and necessary business expenses the costs of insuring and maintaining the yacht. In search of an answer, consult RIA’s CHECKPOINT TAX available on-line through the SNHU Shapiro Library. Explain the steps taken to find your answer. Problem 2 Stacey Small has a small salon that she has run for a few years as a sole proprietorship. The proprietorship uses the cash method of accounting and the calendar year as its tax year. Stacey needs additional capital for expansion and knows two people who might be interested in investing. One would like to practice hairdressing in the salon. The other would only invest. Stacey wants to know the tax consequences of incorporating the business. Her business assets include a building, equipment, accounts receivable and cash. Liabilities include a mortgage on the building and a few accounts payable, which are deductible when paid. Write a memo to Stacey explaining the tax consequences of the incorporation. As part of your memo examine the possibility of having the corporation issue common and preferred stock and debt for the shareholders’ property and money. Problem 3 Five years ago, Lacey, Kaylee, and Doug organized a software corporation, DLK, which develops and sells Online Meetings software for businesses. DLK is a C corporation. Each individual contributed $10,000 to the company in exchange for 1,000 shares of DLK stock (for a total of 3,000 shares). The corporation also borrowed $250,000 from ACME Venture Capital to finance operating costs and capital expenditures. Because of intense competition, DLK struggled for the first few years of operation and the corporation sustained chronic losses. This year, Lacey, DLK’s president, decided to seek additional funds to finance DLK’s working capital. CME declined to extend additional funds because of the money already invested in DLK. High Tech Venture Capital Inc. proposed to lend DLK $100,000, but at a 10% premium over the prime rate. (Other software manufacturers in the same market can borrow at a 3% premium.) First Round Capital proposed to invest $50,000 of equity capital into DLK, but on the condition that the investment firm be granted the right to elect five members to DLK’s board of directors. Discouraged by the “high cost” of external borrowing, Lacey decides to approach Kaylee and Doug. Lac.

MGT 521 NERD Educational Specialist--mgt521nerd.com

agathachristie194

This document provides a case study analysis of Target Corporation's response to a massive data breach in late 2013 that compromised payment card information for millions of customers. It describes the managerial challenges faced by CEO Gregg Steinhafel and other executives as they worked to address the crisis, disclose its full scope, support affected customers, and repair damage to the company's reputation and sales. While some executives felt Steinhafel was too aggressive in his disclosures, he believes Target's handling of the breach, not the breach itself, will define the company. The breach is estimated to cost Target billions in expenses, lost sales, and brand repair.

Accounting Information Systems 2

April Charlton

The Excel Spreadsheet containing member opinions on cases is confidential and may not be shared without permission from the Board. Case study analyses surveying teachers on ESU cases may not have their data disclosed and must be presented to the Board Committee, though results may be released to the school with approval. All ESU products contain sensitive information and have strict policies regarding confidentiality and sharing of data.

Bm Unit 3.1 Sources of Finance

Mr. D. .

Fly By Night CSD Guide

ethan2311

This document provides policies and procedures for client support services from Yardi Systems Inc's Client Services Division (CSD). It outlines the account management structure, escalation points, case severities and key workflows for logging cases, creating technical requests, and developing custom programming requests. It differentiates the roles of CSD, which provides primarily offsite support, and the Professional Services Group, which handles onsite implementation and project work. The document is intended as a guide for Fly By Night Pty Ltd's interactions with CSD for issue reporting and resolution.

Ac 465 Success Begins / snaptutorial.com

Robinsono02

AC 465 Massive Success / snaptutorial.com

santricksapiens2

Note I need 2 pages paper addressing the provided details. Please.docx

darwinming1

Note: I need 2 pages paper addressing the provided details. Please make sure you deliver me 100% original solution that must pass "turnitin" software used to detect unoriginality by instructor. Assignment Instructions: You are the Partner‐in‐Charge of a large metropolitan office of a regional public accounting firm. Two members of your professional staff have come to you to discuss problems that may affect the firm’s independence. Neither of these situations has been specifically answered by the AICPA Professional Ethics Division. Therefore, you must reach your own conclusions as to what to advise your staff members, and what actions, if any, are to be taken by the firm. For each of the following two cases, answer the following questions: a. Set forth arguments indicating that the firm’s independence has not been impaired. b. Set forth arguments indicating that the firm’s independence has been impaired. c. Express your personal opinion. Identify those arguments from part (a) or part (b) that you found most persuasive. If you believe that the firm’s independence has been impaired, make suggestions about how the problem might be resolved. Case1: Don Moore, a partner in the firm, has recently moved into a condominium which he shares with his girlfriend, Joan Scott. Don owns the condominium and pays all the expenses relating to its maintenance. Otherwise, the two are self‐supporting. Joan is a stockbroker, and recently she has started acquiring shares in one of the audit clients of this office of the public accounting firm. The shares are held in her (Joan’s) name. At present, the shares are not material in relation to her net worth. Case2: Mary Reed, a new staff auditor with the firm, has recently separated from her husband. Mary has filed for divorce, but the divorce cannot become final for at least five months. The property settlement is being bitterly contested. Mary’s husband has always resented her professional career and has just used community property to acquire one share of common stock in each of the publicly owned companies audited by the office in which Mary works. .

MGMT 530 Education Specialist / snaptutorial.com

stevesonz150

Adhr Brokerslideshow

RJFINANCIAL

ADHR is a loan modification processing company that aims to provide financial relief to homeowners facing hardship. It operates nationwide and works with all major lenders. The company's business model includes retail loan modification services for consumers, and a wholesale program where professionals can become associates and earn commissions processing files and by referring other associates. Associates submit client applications and ADHR handles all processing and payments to associates on the 1st and 15th of each month. Fees charged to clients average $3,500 and associates receive all fees over $2,400 per file. The company claims to offer the best support, marketing, and cash flow compared to competitors in the loan modification industry.

1 Assessment Task – Tutorial Questions Assignment 1 .docx

mercysuttle

1 Assessment Task – Tutorial Questions Assignment 1 Unit Code: HA1020 Unit Name: Accounting Principles and Practices Assignment: Tutorial Questions Assignment 1 Due: 11:30pm 15th May 2020 Weighting: 25% Total Assignment Marks: 50 Marks Purpose: This assignment is designed to assess your level of knowledge of the key topics covered in this unit Unit Learning Outcomes Assessed: 1. Understand the logic and assumptions of accounting procedures; 2. Record business transactions in the journals and ledgers that make up a business accounting system; 3. Prepare financial statements; and 4. Analyse and interpret financial statements. Description: Each week students were provided with three tutorial questions of varying degrees of difficulty. These tutorial questions are available in the Tutorial Folder for each week on Blackboard. The Interactive Tutorials are designed to assist students with the process, skills and knowledge to answer the provided tutorial questions. Your task is to answer a selection of tutorial questions from weeks 1 to 5 inclusive and submit these answers in a single document. The questions to be answered are: Week 1 Question (10 marks) (Note this question is 1.3 in the Pre-recorded Tutorial Questions) Compare and contrast Financial Accounting with Management Accounting. Specify at least three (3) areas where Financial Accounting and Management Accounting are different. Support your answer with examples. (10 marks) 2 Week 2 Question (10 marks) (Note this question is 2.2 in the Pre-recorded Tutorial Questions) Select two (2) of the following four (4) financial accounting assumptions listed below and explain in your own words the meaning of each one you have selected: (10 marks) (a.) accounting entity (b.) accounting period (c.) monetary (d.) historical Week 3 Question (10 marks) (Note this question is 3.2 in the Pre-recorded Tutorial Questions) Which of the following events listed below results in an accounting transaction for Clothing Ltd? State a reason if it is not an accounting transaction. 1. Clothing Ltd signed a contract to hire a new store manager for a salary of $150,000 per annum. The manager will start work next month. 2. The founder of Clothing Ltd., who is also a major shareholder, purchased additional stock in another company. 3. Clothing Ltd borrowed $230,000 from a local bank. 4. Clothing Ltd purchased a sewing machine, which it paid for by signing a note payable. 5. Clothing Ltd issued 10,000 shares to a private investor, who is also a car business owner, in return for a new delivery truck. 6. Two investors in Clothing Ltd sold their stock to another investor. 7. Clothing Ltd ordered some fabric to be delivered next week. 8. Clothing Ltd lent $250,000 to a member of the board of directors. 3 Week 4 Question (10 marks) (Note this ques ...

Onesource 5crucialsteps copy

Zack Bridges

The document discusses the top challenges facing insurance claims departments, including rising claim volumes, lack of adjuster expertise, mandatory reporting requirements, high subpoena and litigation fees, and privacy issues. It outlines strategies to address each challenge, like implementing tracking systems and validating requests. A case study shows how outsourcing to OneSource helped an insurance company by centralizing processing and using specialized staff. Qualities to look for in a partner include implementation plans, tracking systems, industry expertise, and customer satisfaction.

MBA_NewsLink_Countdown_to_TRID_4_10_15_2

John I. Vong

1. With the TRID rule going into effect on August 1st, lenders need to act quickly to prepare. The top 7 things lenders should do are: secure the right technology fast, ask tough questions of vendors, allow plenty of time for testing, develop internal and external communications plans, consider using fewer but better title and settlement agents, understand the "off ramp" options for correcting errors, and remember that ongoing compliance will be required after August 1st. 2. Many mid-sized and smaller lenders are still behind in readiness for TRID compared to the largest banks who have been preparing for over 2 years. Lenders need to select technology solutions, conduct testing, and train employees well before the August

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