Trial balance and rectification of errorsItisha Sharma
Trial balance and rectification of errors, Introduction- Specimen of a Trial Balance- Errors and their rectification – Rectification of errors Rectification of errors detected after the preparation of Trial Balance but before the preparation of Final Accounts- Effect of errors on Profit – Rectification of errors appearing after the preparation of Final Accounts
Trial balance and rectification of errorsItisha Sharma
Trial balance and rectification of errors, Introduction- Specimen of a Trial Balance- Errors and their rectification – Rectification of errors Rectification of errors detected after the preparation of Trial Balance but before the preparation of Final Accounts- Effect of errors on Profit – Rectification of errors appearing after the preparation of Final Accounts
Check this article with accounting journal entries, for more details visit site. https://www.accountingassignmenthelp.net/basic-journal-entries-examples/
SmartPrep's teaching methodology ensures better learning through unique interactive teaching-learning sessions, conducted by our certified & highly qualified faculty members at our state-of-the -art centres spread across Delhi-NCR and other cities of India. SmartPrep has programs in Maths, Science, English, Accountancy and Economics for Classes VII to XII.
Best Practices for Documenting and Managing your Public Safety Systems and Ap...MissionCriticalPartners
Static and/or infrequent updates to the documentation and management of your network and its assets is becoming increasingly costly, risky and inefficient. During the webinar, we will discuss the importance of keeping your public safety network documentation dynamic and relevant. You’ll learn critical information that will increase the success of your network operations.
Check this article with accounting journal entries, for more details visit site. https://www.accountingassignmenthelp.net/basic-journal-entries-examples/
SmartPrep's teaching methodology ensures better learning through unique interactive teaching-learning sessions, conducted by our certified & highly qualified faculty members at our state-of-the -art centres spread across Delhi-NCR and other cities of India. SmartPrep has programs in Maths, Science, English, Accountancy and Economics for Classes VII to XII.
Best Practices for Documenting and Managing your Public Safety Systems and Ap...MissionCriticalPartners
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Un accord relatif aux garanties de rémunération effective (GRE), aux rémunérations minimales hiérarchiques et à la prime de vacances a été signé dans la CC Métallurgie de l'Aisne.
L'accord fixe un barème pour les GRE, pour l'année 2016.
La valeur du point est fixée à 5,36 euros à compter du 1er août 2016.
Une prime de vacances fixée à 540 euros est instituée à compter de l'année 2016.
L'organisme patronal signataire est l'Union des industries et métiers de la métallurgie de l'Aisne. Les syndicats de salariés signataires de l'accord sont la CFDT, la CTC; FO et la CFE/CGC.
Lanzamiento perfume Lady gaga "Fame". Portfolio planner Alba Lucena ZaherAlba Lucena Zaher
Lanzamiento del perfume Fame, de Lady Gaga en España.
Los objetivos son: generar notoriedad, llevar consumidoras a la tienda e impulsar las ventas.Seleccionar un target y destacar lo que nos interesa de este. Elaborar una estrategia
de actuación y seleccionar los puntos de contacto que construyan la brand experience.
Usando el simbolismo que rodea a Lady Gaga para lanzar su perfume,creando expectación y deseo alrededor de este.
Complete two problems in which you prepare a variety of financial do.docxsheenaat5wa
Complete two problems in which you prepare a variety of financial documents (income statement, statement of stockholders' equity, and balance sheet), practice using T-accounts, and compute and analyze financial data for hypothetical companies.
Note:
Some of the assessments in this course build upon each other, so you are strongly encouraged to complete them in the order in which they are presented.
Show Less
Preparing accurate financial statements is an essential skill used as the basis for making strategic decisions. The ability to determine the financial impact of transactions is another important skill that all business professionals should possess. T-accounts provide a valuable tool for analyzing the effects of transactions.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
Competency 1: Apply theories, models, and practices of accounting in the construction and analysis of financial statements.
Prepare a summarized income statement for a company using appropriate financial data.
Prepare a statement of retained earnings for a company using appropriate financial data.
Prepare a balance sheet for a company using appropriate financial data.
Create T-accounts for a company using each account on the balance sheet.
Accounting lies at the heart of business performance. Accounting systems classify and record the financial transactions of an organization to reflect the impact of the transactions on the organization's financial condition. Understanding the financial condition of a company, or the impact of particular transactions, requires an understanding of the accounting model and the methods used to record and analyze accounting data.
Show Less
As you examine the accounting model, consider the structure and purpose of its elements as well as the approaches and methods used to discern information from it. Develop an understanding of the structure of financial statements and the important information that they communicate to the knowledgeable reader.
Assessment Instructions
Note:
Some of the assessments in this course build upon each other, so you are strongly encouraged to complete them in the order in which they are presented.
For this assessment, complete Problems 1 and 2. You may use Word or Excel to complete the assessments throughout this course, but you will find Excel to be most helpful for creating spreadsheets. Tutorials for using Excel are provided in the Supplemental Resources in the left navigation menu. If you use Excel, submit the assessment in one Excel document, using separate tabs for each spreadsheet.
Templates for both problems are linked in the Suggested Resources under the Capella Resources heading.
Problem 1: Preparing an Income Statement, a Statement of Retained Earnings, and a Balance Sheet
At the end of its first year of operations (December 31, 2012), the Acme Company released the financial data shown in Table 1 below:
Tab.
For more course tutorials visit
www.newtonhelp.com
Case Study 1 (Part A)
Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books;
MFRD Assignment Brief_Sep16.pdf
1
London School of Business & Management
BTEC Levels 4 & 5 HND Business
Centre No 79829
Unit No & Unit Title
Unit No 2; Managing Financial Resources
and Decisions
Course Title BTEC Level 4- HND (Business)
Assessor’s Name Asif Sadiq
Assignment Title MFRD Individual Assignment
Date Set 14th January 2016
Due Date 9th January 2017
Semester / Academic Year September 2016 Semester
Unit Outcomes Covered:
On successful completion of this unit a learner will:
1 Understand the sources of finance available to a business.
2 Understand the implications of finance as a resource within a business.
3 Be able to make financial decisions based on financial information.
4 Be able to evaluate the financial performance of a business.
GRADING OPPORTUNITIES AVAILABLE
Outcomes/
Grade
Descriptors
AC1.1 AC1.2 AC1.3 AC2.1 AC2.2 AC2.3 AC2.4 AC3.1 AC3.2 AC3.3
√ √ √ √ √ √ √ √ √ √
Outcomes/
Grade
Descriptors
AC4.1 AC4.2 AC4.3 M1 M2 M3 D1 D2 D3
√ √ √ √ √ √ √ √ √
Assessor: Signature: ______________ Date: ___/___/___
Tutor Notes
2
Key Points:
Your work should be submitted by the deadline.
The assignment must be your own work and original in all answers to the tasks.
All sources used should be correctly referenced in Harvard format.
You will be expected to check spelling mistakes and grammar before submitting your
work.
The London School of Business and Management Cover sheet should be used in
every submitted work.
An appropriate report structure should be used, which may include headings such as:
Table of Contents, Introduction, Discussion/Evaluation, Conclusions, References and
Appendices (if necessary).
There should be clarity of expression in your work.
Your work should demonstrate, for example, relevant factual content and
understanding of the subject, critical analysis, evaluation, justifications, key
arguments, correct use of appropriate models/framework etc.
Submission Regulations
1. “Assignment Front Cover Sheet” must accompany every submitted work [Cover sheet is
available from our Virtual Learning Environment - Moodle].
2. Assignments must be submitted on or before the due date, via Turnitin. Please refer to
the LSBM Moodle for detailed assignment submission instructions.
3
Assignment Brief
Purpose of this assignment:
This unit is designed to give learners a broad understanding of the sources and availability of
finance for a business organisation. Learners will learn how to evaluate these different
sources and compare how they are used.
They will learn how financial information is recorded and how to use this information to make
decisio ...
Working Capital Analysis PowerPoint Presentation Slides SlideTeam
Presenting this set of slides with name - Working Capital Analysis Powerpoint Presentation Slides. This complete presentation has a set of thirty slides to show your mastery of the subject. Use this ready-made PowerPoint presentation to present before your internal teams or the audience. All presentation designs in this Working Capital Analysis Powerpoint Presentation Slides have been crafted by our team of expert PowerPoint designers using the best of PPT templates, images, data-driven graphs and vector icons. The content has been well-researched by our team of business researchers. The biggest advantage of downloading this deck is that it is fully editable in PowerPoint. You can change the colors, font and text without any hassle to suit your business needs.
Annual Net Working Capital PowerPoint Presentation Slides SlideTeam
Presenting this set of slides with name - Annual Net Working Capital Powerpoint Presentation Slides. This PPT deck displays thirty slides with in depth research. Our topic oriented Annual Net Working Capital Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographs for an inclusive and comprehensive Annual Net Working Capital Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement.
CASE DESCRIPTIONThe primary subject matter of this case concer.docxwendolynhalbert
CASE DESCRIPTION
The primary subject matter of this case concerns recognizing and correcting earnings management and fraud. Secondary issues include helping students to develop professional judgment and to become aware of typical reporting problems experienced by growing companies. The case has a difficulty level of three and is appropriate for junior-level students in intermediate financial accounting courses. It could also be used at level four in a senior-level auditing class. The case is designed to be taught in 2.5 class hours and is expected to require 4 hours of outside preparation by students. Alternatively, the case can be assigned as a project that requires minimal classroom time.
CASE SYNOPSIS
Earnings management has received a great deal of publicity by the press and increased scrutiny by the SEC. However, many students do not understand how earnings management and frauds are perpetrated, the extent to which "gray" areas exist in accounting practice, and the role that professional judgment plays in determining the correct course of action. This instructional case is designed to help students learn to recognize earnings management and fraud, to develop professional judgment, and to become aware of typical reporting problems experienced by growing companies. Students are required to identify problem situations and differentiate between unintentional errors and omissions, aggressive accounting practices and fraud. They must also propose adjusting journal entries and determine the effect on income. The case is based on a fictional fast-growing high tech company, Virtually There Technologies, which manufactures and markets virtual reality game systems. In the wake of the abrupt departures of the CFO and controller, students assume the role of the new controller. Their job is to get the financial records in order before the annual audit of the company financial statements begins.
VIRTUALLY THERE TECHNOLOGIES: BACKGROUND INFORMATION
You have been hired as the controller for Virtually There Technologies (VTT), a small high tech company that has demonstrated steady growth since it introduced its first products in the mid-1990s. Your job is to get the financial records in order before the annual audit of the company financial statements. You are assuming the role of controller at an important and exciting time for the company. The previous CFO and controller resigned during the last month of the fiscal year citing "personal reasons" for their abrupt departures. There have also been quite a few contentious issues with the audit firm in recent years. To help manage the audit situation, the Interim CFO has asked that his office clear all information requested by the auditors before it is passed along to the auditors.
Virtually There Technologies develops, manufactures and markets virtual reality game systems. Its product line occupies a high-end niche by utilizing high definition video output technology and total sensory involvement. In ...
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A CASH BUDGET HELPS AN ORGANIZATION PLAN AND CONTROL THE MOVEMENT OF CASH INTO AND OUT OF THE COMPANY
1. Buy here:
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PRODUCT DESCRIPTION
A cash budget helps an organization plan and control the movement of cash into and out of
the company. It is important for an organization to have a good understanding of its cash
needs in order to identify instances of cash idleness or shortage. Cash on hand allows the
organization to make commitments to various stakeholders, including employees and
suppliers. Idle cash represents missed opportunities to reinvest into the organization and to
return value to shareholders.
You will create and use an Excel spreadsheet for your calculations for the problems below.
Gladiator Robotics
Read the information below and complete Parts I, II and III
The board of directors of Gladiator Robotics is considering whether or not to donate to a
national robotics convention for high school students interested in technology and
engineering. The company needs you to prepare a monthly cash budget to determine the
available cash reserves for January, February, and March. Relevant data appear below.
October
actual November
2. actual December
actual January February March Sales $300,000 $325,000 $450,000 $310,000 $350,000
$400,000
All sales are on account. Collections are expected to be 60% in the month following the sale,
25% in the second month following the sale, and 10% in the third month following the sale.
Five percent are deemed to be uncollectible.
The company sold equipment in February for $20,000 and received a dividend on
investments of $4,000 in March.
Cash on hand as of January 1st
is $14,000.
Material purchases are as follows:
October November December January February March $80,000 $85,000 $105,000 $80,000
$88,000 $92,000
Material purchases are paid 50% in the month purchased and the remainder in the following
month.
3. Other disbursements are paid in the month incurred.
January February March Labor and wages 150,000 185,000 215,000 Selling costs 62,000
68,000 78,000 G & A costs 30,000 31,000 38,000 Income taxes 32,000 Capital equipment
50,000
The company wants to maintain a cash balance at the end of each month of at least
$10,000. It has a $250,000 line of credit at the bank and will borrow from the bank in order to
maintain this balance.
Part I: Prepare a monthly cash budget for January, February, and March using the attached
template.
Part II: Analyze the cash budget and make recommendations to the board of directors of
Gladiator Robotics regarding your findings. Be specific regarding possible causes and
remedies (if applicable).
Part III: What if any concerns do you have about the ability to make the donation? Also, do
you have any concerns about cash on hand which might impact variable HR expenses such
as recruitment costs or other commitments to employees including staffing, development or
rewards? Be specific.