FOR MORE CLASSES VISIT
www.fin370genius.com
4-5 Multiyear Future Value How much would be in your savings account in 11 years after depositing $150 today if the bank pays 8 percent per year? (LG4-3) 4-7 Compounding with Different Interest Rates For Discussion Question 1: Post your response to the following:
• When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?
• In other words, why are these accounting characteristics important?
• What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?
Acct 504 mart perfect education acct504mart.comstudent234511
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) For Discussion Question 1: Post your response to the following:
• When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?
• In other words, why are these accounting characteristics important?
• What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?
FOR MORE CLASSES VISIT
www.acc291genius.com
ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here
For Discussion Question 1: Post your response to the following:
• When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?
• In other words, why are these accounting characteristics important?
• What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?
Fin 571 genius perfect education fin571genius.comstudent1256789
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team. 2. A stakeholder is any person or entity: 3.Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? threat of a proxy fight pay raises based on length of service implementation of a stock option plan 4.Financial managers primarily create firm value by: maximizing current sales. investing in assets that generate cash in excess of their cost. 5.First City
Fin 571 genius perfect education fin571genius.comstudet1
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team. For this week's checkpoint we had to look up three job postings in the field of accounting. I'm glad that I got this opportunity because it actually opened my eyes and expanded my knowledge in the accounting field. The three job positions are listed below. The first job title
FOR MORE CLASSES VISIT
www.acc291genius.com
ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here.
Current assets
When it comes to a company's classified balance sheets you will find current assets sheet. Current assets is cash or cash equilivants that the company will use. What you will find on a current asset sheet is Cash and equilvants, Short term investments, Accounts receivables, and other assets.
ACCT 504 MART Perfect Education/acct504mart.comsarathkum12211
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:June2Gordon received $55,000 cash and issued common stock to the stockholders. Current assets
FOR MORE CLASSES VISIT
www.acc290genius.com
ACC 290 Finals Question 1 Jackson Company recorded the following cash transactions for the year: Paid $135,000 for salaries. Paid $60,000 to purchase office equipment. Paid $15,000 for utilities. Paid $6,000 in dividends.
Acct 504 mart perfect education acct504mart.commiddle12
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions: Compare and contrast sole proprietorships, partnerships, and corporations.
Acct 504 mart perfect education acct504mart.comstudent234511
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) For Discussion Question 1: Post your response to the following:
• When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?
• In other words, why are these accounting characteristics important?
• What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?
FOR MORE CLASSES VISIT
www.acc291genius.com
ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here
For Discussion Question 1: Post your response to the following:
• When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable?
• In other words, why are these accounting characteristics important?
• What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable?
Fin 571 genius perfect education fin571genius.comstudent1256789
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team. 2. A stakeholder is any person or entity: 3.Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? threat of a proxy fight pay raises based on length of service implementation of a stock option plan 4.Financial managers primarily create firm value by: maximizing current sales. investing in assets that generate cash in excess of their cost. 5.First City
Fin 571 genius perfect education fin571genius.comstudet1
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team. For this week's checkpoint we had to look up three job postings in the field of accounting. I'm glad that I got this opportunity because it actually opened my eyes and expanded my knowledge in the accounting field. The three job positions are listed below. The first job title
FOR MORE CLASSES VISIT
www.acc291genius.com
ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here.
Current assets
When it comes to a company's classified balance sheets you will find current assets sheet. Current assets is cash or cash equilivants that the company will use. What you will find on a current asset sheet is Cash and equilvants, Short term investments, Accounts receivables, and other assets.
ACCT 504 MART Perfect Education/acct504mart.comsarathkum12211
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:June2Gordon received $55,000 cash and issued common stock to the stockholders. Current assets
FOR MORE CLASSES VISIT
www.acc290genius.com
ACC 290 Finals Question 1 Jackson Company recorded the following cash transactions for the year: Paid $135,000 for salaries. Paid $60,000 to purchase office equipment. Paid $15,000 for utilities. Paid $6,000 in dividends.
Acct 504 mart perfect education acct504mart.commiddle12
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions: Compare and contrast sole proprietorships, partnerships, and corporations.
Fin 571 genius perfect education fin571genius.comstudent333345
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team Compare and contrast sole proprietorships, partnerships, and corporations.
Sole proprietorships means that a business that owned by one person. That includes and not limited to all profits and losses, debts and unlimited liability, all will come from the solely one owner and not a group or in this case a partner or co-owner etc. Partnerships are seen much differently than sole proprietorships. Partnerships is a business that owned by more that one person/s.
This document contains information for an ACC 290 assignment on analyzing a company's financial statements. It includes questions to answer about assets, liabilities, revenues and income from the company's balance sheet and income statement. It asks the student to summarize their analysis in a 1,050-1,400 word paper including the financial statements following APA guidelines. There are also sample exam questions and discussions on accounting concepts such as the four basic financial statements, debits and credits, and characteristics of reliable financial reporting.
Fin 571 genius perfect education fin571genius.comstudent123455
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team. 2. A stakeholder is any person or entity: 3.Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? threat of a proxy fight pay raises based on length of service implementation of a stock option plan 4.Financial managers primarily create firm value by: maximizing current sales. investing in assets that generate cash in excess of their cost. 5.
Fin 370 genius perfect education fin370genius.comstudent2345
FOR MORE CLASSES VISIT
www.fin370genius.com
4-5 Multiyear Future Value How much would be in your savings account in 11 years after depositing $150 today if the bank pays 8 percent per year?
Financial Statements
Today, I will be describing a balance sheet, income statement, retained earnings statement, and statement of cash flows and how a company uses these financial statements as a tool to make future decisions for the company.
[Article] The Accounts Payable Function: Are There Cracks in Your Foundation?Anybill
Rarely do people think about the foundation for their accounts payable function. This is unfortunate, for just like a building built on swamp land, an accounts payable function without a strong foundation will not be able to support a robust accounts payment process. With all the change affecting the account payable function in recent years as well as expected change in upcoming years, a strong foundation is critical. Let’s take a look the implications of a robust underpinning as well as five issues every professional should consider when evaluation their accounts payable function.
Accounting plays an important role in business operations by tracking spending, profit, loss and other financial activities. Businesses are very dependent on their accounting departments, which are responsible for monitoring cash flow, complying with tax laws, and ensuring financial reporting is accurate. Financial statements like the balance sheet, income statement, and statement of cash flows provide useful information to both internal managers and external stakeholders in making financial decisions about the business. Budgeting is an important planning tool that helps management make good decisions by planning ahead, prioritizing goals, and identifying financial issues.
Strategic audit report essay sample from assignmentsupport.com essay writing...https://writeessayuk.com/
The document provides an audit report for Bright House, which sells furniture, electronics, and appliances. It identifies six key areas of audit risk: 1) complex transactions, 2) cash accounts, 3) equipment accounts, 4) supplies accounts, 5) accounts receivable, and 6) accounts payable. The report explains why each area was selected, noting they involve external parties, large financial transactions, or opportunities for misstatement. It then recommends substantive audit tests for each area to address weak internal controls, such as reviewing all transactions, surveying funds usage, and using external committees to evaluate mergers.
This document summarizes a study that examined the effects of profitability, financial leverage, dividend policy, and firm size on income smoothing practices of manufacturing companies in Indonesia from 2016-2018. The study found that profitability had a negative significant effect on income smoothing, while firm size had a positive significant effect. Financial leverage and dividend policy did not have a significant effect. Firm size weakened the effect of profitability and dividend policy on income smoothing, but did not moderate the effect of financial leverage. The study used agency theory and positive accounting theory to develop hypotheses about the relationships between the variables.
The document discusses improving the success rate of mergers and acquisitions (M&A) for technology companies. It states that while most focus is placed on financial and legal due diligence, M&A deals often fail due to unaddressed strategic, business, operations, and integration issues. The author recommends expanding due diligence to include independent reviews of these other factors, and improving post-merger integration planning and management, in order to better assess risks and create longer-term value. Bonocore Technology Partners provides consulting services to assist with strategic assessments, integration program management, and lessons learned workshops for improving M&A success.
This document discusses e-discovery issues that arise during company downsizing and business closings. It notes the increased risk of spoliation of electronically stored information (ESI) during such times of turmoil. It identifies key players who must ensure ESI preservation, such as departing employees, legal hold administrators, IT staff, human resources, and management. The document provides 20 tips for companies to help preserve ESI when downsizing, such as conducting exit interviews, disabling passwords, making copies of hard drives, and documenting preservation efforts. Proper ESI preservation is important for companies during downsizing to reduce legal risks from destruction of relevant evidence.
This document provides an overview of Balmer Lawrie & Co. Ltd.'s annual budgeting process and the roles of the Finance and Vigilance departments. It discusses tips for effective budgeting from a Wall Street Journal article, including using dynamic planning rather than budgets for strategic planning. It then profiles the Finance department as the "number crunchers" who help streamline systems and provide analytical support. The Vigilance department is also introduced as actively working to promote anti-corruption. Leadership speaks articles provide further context on the diverse business portfolio, need for a robust management control system, and roles of Finance and Vigilance departments in oversight and transparency.
This document discusses a study analyzing factors that influence income smoothing actions of pharmaceutical companies listed on the Indonesia Stock Exchange from 2009-2013. The study examines how share price, ownership structure, company size, profitability, and leverage impact income smoothing. It finds that ownership structure, company size, and leverage influence income smoothing, but share price and profitability do not. The study uses logistic regression to analyze data from nine pharmaceutical companies over five years.
Business Loans: Mistake Business Owners Make in Funding Their BusinessToby Mathis
The document summarizes the key mistake business owners make when funding their business - co-mingling personal and business finances. It provides examples of better ways to fund a business, such as using a CD to secure a business loan. The document then outlines the features of a business finance system that helps users build business credit, qualify for funding programs, and access credit providers to report payments and build their business credit asset over time.
This was a school project the required me to go through a business simulation and give an assessment of the current conditions followed by suggestions for improvements.
A LexisNexis survey of legal departments found a renewed sense of optimism among U.S.-based corporate legal departments. More than 70% of survey respondents, which were mostly comprised of corporate attorneys, said this year has been better as compared to the previous year. The survey also found that corporate legal departments are planning to bring more work in-house, that compliance and operational efficiency are the top challenges, and expect legal budgets and staffing to remain flat.
The document analyzes factors that influence income smoothing practices of miscellaneous industry companies listed on the Indonesia Stock Exchange from 2009-2013. It finds that company size and dividend payout ratio have a significant impact on income smoothing, while return on assets, debt-to-equity ratio, and financial leverage do not. A discriminant analysis found a significant difference in return on assets between companies that practiced income smoothing and those that did not. The study aims to further investigate factors affecting income smoothing and examines the influence of return on assets, dividend payout ratio, debt-to-equity ratio, and financial leverage on the practice.
No time has been better to extend Treasury\'s reach within an organization to effect permanent changes in the financial supply chain. Extending Treasury\'s Reach discusses ways to improve liquidity for survival today as well as to fuel growth in the future.
What You Need to Know: State Law Update 2012RyanSwansonLaw
This document summarizes recent state law updates regarding independent contractor status and minimum wage requirements. It discusses two court cases that adopted the "economic realities" test over the common law test for determining independent contractor status. It also discusses three court cases related to minimum wage exemptions. The cases addressed who qualifies as a professional exempt from overtime, whether an employee's duties constituted "promoting sales" to be exempt, and whether an employee performing manual labor tasks could be considered administratively exempt.
This document discusses factors that affect the sustainable growth of startups. It identifies several key factors including political, legal, technological, human resources, environmental/social, economic, financial, and governmental factors. Political factors can increase risk and affect taxation and regulations. Legal factors include business entity structures and financing-related laws. Technological factors involve automation and internet/mobile connectivity. Human resources pertain to recruiting, development, and retention of employees. Environmental/social factors include market trends, lifestyles, and buying habits. Economic factors involve consumer behavior, employment, interest rates, and the overall economy. Financial factors like liquidity, profitability, and efficiency are important metrics. Government support through loans, investments, and intellectual property protection
Overhead as a single indicator of effectiveness and efficiency in the nonprofit sector is being challenged by BBB, Charity Navigator and Guidestar. What key performance indicators can be used as the nonprofit sector evolves from this way of thinking?
Snowflake is a location based meet-up app which connects skiers and riders based on ability level and preferences at the mountain! Finding outdoorsy people has never been easier.
This document summarizes the development of iOS applications, from initial idea to publishing on the App Store. It discusses the history of smartphones before and after the original iPhone in 2007. The document then outlines the typical steps to develop an iOS app, including prototyping, adding real data, testing performance, sending notifications, beta testing, and finally releasing on the App Store. It concludes by thanking the audience and providing contact information.
Fin 571 genius perfect education fin571genius.comstudent333345
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team Compare and contrast sole proprietorships, partnerships, and corporations.
Sole proprietorships means that a business that owned by one person. That includes and not limited to all profits and losses, debts and unlimited liability, all will come from the solely one owner and not a group or in this case a partner or co-owner etc. Partnerships are seen much differently than sole proprietorships. Partnerships is a business that owned by more that one person/s.
This document contains information for an ACC 290 assignment on analyzing a company's financial statements. It includes questions to answer about assets, liabilities, revenues and income from the company's balance sheet and income statement. It asks the student to summarize their analysis in a 1,050-1,400 word paper including the financial statements following APA guidelines. There are also sample exam questions and discussions on accounting concepts such as the four basic financial statements, debits and credits, and characteristics of reliable financial reporting.
Fin 571 genius perfect education fin571genius.comstudent123455
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team. 2. A stakeholder is any person or entity: 3.Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? threat of a proxy fight pay raises based on length of service implementation of a stock option plan 4.Financial managers primarily create firm value by: maximizing current sales. investing in assets that generate cash in excess of their cost. 5.
Fin 370 genius perfect education fin370genius.comstudent2345
FOR MORE CLASSES VISIT
www.fin370genius.com
4-5 Multiyear Future Value How much would be in your savings account in 11 years after depositing $150 today if the bank pays 8 percent per year?
Financial Statements
Today, I will be describing a balance sheet, income statement, retained earnings statement, and statement of cash flows and how a company uses these financial statements as a tool to make future decisions for the company.
[Article] The Accounts Payable Function: Are There Cracks in Your Foundation?Anybill
Rarely do people think about the foundation for their accounts payable function. This is unfortunate, for just like a building built on swamp land, an accounts payable function without a strong foundation will not be able to support a robust accounts payment process. With all the change affecting the account payable function in recent years as well as expected change in upcoming years, a strong foundation is critical. Let’s take a look the implications of a robust underpinning as well as five issues every professional should consider when evaluation their accounts payable function.
Accounting plays an important role in business operations by tracking spending, profit, loss and other financial activities. Businesses are very dependent on their accounting departments, which are responsible for monitoring cash flow, complying with tax laws, and ensuring financial reporting is accurate. Financial statements like the balance sheet, income statement, and statement of cash flows provide useful information to both internal managers and external stakeholders in making financial decisions about the business. Budgeting is an important planning tool that helps management make good decisions by planning ahead, prioritizing goals, and identifying financial issues.
Strategic audit report essay sample from assignmentsupport.com essay writing...https://writeessayuk.com/
The document provides an audit report for Bright House, which sells furniture, electronics, and appliances. It identifies six key areas of audit risk: 1) complex transactions, 2) cash accounts, 3) equipment accounts, 4) supplies accounts, 5) accounts receivable, and 6) accounts payable. The report explains why each area was selected, noting they involve external parties, large financial transactions, or opportunities for misstatement. It then recommends substantive audit tests for each area to address weak internal controls, such as reviewing all transactions, surveying funds usage, and using external committees to evaluate mergers.
This document summarizes a study that examined the effects of profitability, financial leverage, dividend policy, and firm size on income smoothing practices of manufacturing companies in Indonesia from 2016-2018. The study found that profitability had a negative significant effect on income smoothing, while firm size had a positive significant effect. Financial leverage and dividend policy did not have a significant effect. Firm size weakened the effect of profitability and dividend policy on income smoothing, but did not moderate the effect of financial leverage. The study used agency theory and positive accounting theory to develop hypotheses about the relationships between the variables.
The document discusses improving the success rate of mergers and acquisitions (M&A) for technology companies. It states that while most focus is placed on financial and legal due diligence, M&A deals often fail due to unaddressed strategic, business, operations, and integration issues. The author recommends expanding due diligence to include independent reviews of these other factors, and improving post-merger integration planning and management, in order to better assess risks and create longer-term value. Bonocore Technology Partners provides consulting services to assist with strategic assessments, integration program management, and lessons learned workshops for improving M&A success.
This document discusses e-discovery issues that arise during company downsizing and business closings. It notes the increased risk of spoliation of electronically stored information (ESI) during such times of turmoil. It identifies key players who must ensure ESI preservation, such as departing employees, legal hold administrators, IT staff, human resources, and management. The document provides 20 tips for companies to help preserve ESI when downsizing, such as conducting exit interviews, disabling passwords, making copies of hard drives, and documenting preservation efforts. Proper ESI preservation is important for companies during downsizing to reduce legal risks from destruction of relevant evidence.
This document provides an overview of Balmer Lawrie & Co. Ltd.'s annual budgeting process and the roles of the Finance and Vigilance departments. It discusses tips for effective budgeting from a Wall Street Journal article, including using dynamic planning rather than budgets for strategic planning. It then profiles the Finance department as the "number crunchers" who help streamline systems and provide analytical support. The Vigilance department is also introduced as actively working to promote anti-corruption. Leadership speaks articles provide further context on the diverse business portfolio, need for a robust management control system, and roles of Finance and Vigilance departments in oversight and transparency.
This document discusses a study analyzing factors that influence income smoothing actions of pharmaceutical companies listed on the Indonesia Stock Exchange from 2009-2013. The study examines how share price, ownership structure, company size, profitability, and leverage impact income smoothing. It finds that ownership structure, company size, and leverage influence income smoothing, but share price and profitability do not. The study uses logistic regression to analyze data from nine pharmaceutical companies over five years.
Business Loans: Mistake Business Owners Make in Funding Their BusinessToby Mathis
The document summarizes the key mistake business owners make when funding their business - co-mingling personal and business finances. It provides examples of better ways to fund a business, such as using a CD to secure a business loan. The document then outlines the features of a business finance system that helps users build business credit, qualify for funding programs, and access credit providers to report payments and build their business credit asset over time.
This was a school project the required me to go through a business simulation and give an assessment of the current conditions followed by suggestions for improvements.
A LexisNexis survey of legal departments found a renewed sense of optimism among U.S.-based corporate legal departments. More than 70% of survey respondents, which were mostly comprised of corporate attorneys, said this year has been better as compared to the previous year. The survey also found that corporate legal departments are planning to bring more work in-house, that compliance and operational efficiency are the top challenges, and expect legal budgets and staffing to remain flat.
The document analyzes factors that influence income smoothing practices of miscellaneous industry companies listed on the Indonesia Stock Exchange from 2009-2013. It finds that company size and dividend payout ratio have a significant impact on income smoothing, while return on assets, debt-to-equity ratio, and financial leverage do not. A discriminant analysis found a significant difference in return on assets between companies that practiced income smoothing and those that did not. The study aims to further investigate factors affecting income smoothing and examines the influence of return on assets, dividend payout ratio, debt-to-equity ratio, and financial leverage on the practice.
No time has been better to extend Treasury\'s reach within an organization to effect permanent changes in the financial supply chain. Extending Treasury\'s Reach discusses ways to improve liquidity for survival today as well as to fuel growth in the future.
What You Need to Know: State Law Update 2012RyanSwansonLaw
This document summarizes recent state law updates regarding independent contractor status and minimum wage requirements. It discusses two court cases that adopted the "economic realities" test over the common law test for determining independent contractor status. It also discusses three court cases related to minimum wage exemptions. The cases addressed who qualifies as a professional exempt from overtime, whether an employee's duties constituted "promoting sales" to be exempt, and whether an employee performing manual labor tasks could be considered administratively exempt.
This document discusses factors that affect the sustainable growth of startups. It identifies several key factors including political, legal, technological, human resources, environmental/social, economic, financial, and governmental factors. Political factors can increase risk and affect taxation and regulations. Legal factors include business entity structures and financing-related laws. Technological factors involve automation and internet/mobile connectivity. Human resources pertain to recruiting, development, and retention of employees. Environmental/social factors include market trends, lifestyles, and buying habits. Economic factors involve consumer behavior, employment, interest rates, and the overall economy. Financial factors like liquidity, profitability, and efficiency are important metrics. Government support through loans, investments, and intellectual property protection
Overhead as a single indicator of effectiveness and efficiency in the nonprofit sector is being challenged by BBB, Charity Navigator and Guidestar. What key performance indicators can be used as the nonprofit sector evolves from this way of thinking?
Snowflake is a location based meet-up app which connects skiers and riders based on ability level and preferences at the mountain! Finding outdoorsy people has never been easier.
This document summarizes the development of iOS applications, from initial idea to publishing on the App Store. It discusses the history of smartphones before and after the original iPhone in 2007. The document then outlines the typical steps to develop an iOS app, including prototyping, adding real data, testing performance, sending notifications, beta testing, and finally releasing on the App Store. It concludes by thanking the audience and providing contact information.
The Mental Health System in Andalucía (Spain) - Marcelino López ÁlvarezRaffaele Barone
The document summarizes the mental health system in Andalucía, Spain. It discusses:
1) The closure of 8 public psychiatric hospitals between 1984-2005 and the integration of mental health services into the regional health system, with social support now provided by the public foundation FAISEM.
2) The current mental health system including 24 mental health departments, 76 community mental health units, 19 hospital units, and social services from FAISEM including housing, employment programs, and day centers.
3) Statistics on mental health services usage in 2010, showing 198,995 people received treatment, and FAISEM's budget and services for 2012.
O documento é um catálogo de maquiagem e perfumaria da marca Contem 1G que apresenta novos produtos como batom líquido, paleta de sombras, estojo personalizável e linha de cuidados corporais. O catálogo também destaca promoções e dicas de maquiagem com diferentes looks.
La placenta secreta varias hormonas importantes durante el embarazo, incluyendo la progesterona, el estradiol, la gonadotropina coriónica humana, el lactógeno placentario, la corticotrofina placentaria, la tirotropina corionica y la relaxina. Estas hormonas juegan roles vitales como el mantenimiento del embarazo, el crecimiento y desarrollo del feto, la adaptación del metabolismo materno y la preparación para el parto.
La ofimática se refiere a las aplicaciones y técnicas relacionadas con las herramientas informáticas que se utilizan para optimizar tareas administrativas, empresariales o particulares. Los paquetes de ofimática incluyen herramientas como procesadores de texto, hojas de cálculo y presentaciones multimedia que facilitan las tareas existentes y mejoran la productividad de las empresas. Los procesadores de texto como Microsoft Word se han convertido en estándares para la creación de documentos de texto de forma profesional.
This document lists various locations, buildings, and establishments such as a bank, books, computer, gas station, hospital, library, movie theater, post office, restaurant, school, subway station, zoo and mentions their locations such as on the right, left, corner, next to, or opposite other places and includes street names like Madero Avenue and Water Street.
Una pareja fue al hospital para tener un hijo y aceptó probar una nueva máquina que dividiría los dolores de parto entre el padre y la madre. Inicialmente se transfirió solo un 10% del dolor a él, luego un 20% y finalmente un 100% para que ella tuviera un parto sin dolor. Cuando regresaron a casa, encontraron a su vecino muerto en el jardín.
El documento analiza cómo la música influye en los jóvenes de las localidades de Tlachichuca y Emancipación Quetzalapa en el estado de Puebla, México. Explica que la música expresa sentimientos que motivan a los jóvenes a ser diferentes y a expresarse. También describe la historia y demografía de las localidades y cómo la música actualiza sus estilos e influye en la forma de pensar y ser de los jóvenes al aceptar los sentimientos expresados en las canciones. Finalmente, identifica algunas causas como esc
Building premium quality commercial trampoline parks since 1939. Indoor Trampoline Park Business is a extremely profitable business that has been growing very fast over the past few years. Find out How to Start Your Own TRAMPOLINE PARK
O documento descreve a linguagem HTML para formatação de páginas da web. HTML usa tags para formatar texto, imagens, links e outros elementos. É possível formatar texto de várias formas como negrito, itálico e cabeçalhos. O documento também explica como inserir imagens, hiperlinks e quebrar linhas.
Jessica Walsh is seeking a career in advertising and marketing utilizing her communication, campaign, and marketing skills. She has a B.A. in Journalism and Promotional Communication with a focus in Advertising from Cleveland State University. Her relevant experience includes serving as the Interim Marketing and Technology Coordinator at Cleveland State University Recreation Center, where she develops marketing plans and produces promotional materials. She also has experience as a Graphic Designer and Marketing and Membership Intern at the Recreation Center. Her skills include graphic design, photography, social media, and the Adobe Creative Suite.
O documento discute elementos multimídia em HTML, incluindo vídeo e áudio. Explica que o elemento <video> é usado para reproduzir vídeos e o elemento <audio> é usado para reproduzir áudios, e ambos suportam diferentes formatos de arquivo como MP4, WebM, Ogg e MP3. Além disso, descreve os atributos, métodos e eventos desses elementos para controlar a reprodução de mídia.
FOR MORE CLASSES VISIT
www.acc290genius.com
ACC 290 Finals Question 1 Jackson Company recorded the following cash transactions for the year: Paid $135,000 for salaries. Paid $60,000 to purchase office equipment. Paid $15,000 for utilities. Paid $6,000 in dividends. Collected $245,000 from customers. Question 2 Which of the following describes the classification and normal balance of the Unearned Rent Revenue account? Question 3 Posting Question 4 The following is selected information from L Corporation for the fiscal year ending October 31, 2014.
Acct 504 mart perfect education acct504mart.comstudent2345
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc
Financial Statements
Today, I will be describing a balance sheet, income statement, retained earnings statement, and statement of cash flows and how a company uses these financial statements as a tool to make future decisions for the company.
Balance Sheet
F4.1 I think if a senior manager delayed a planned maintenance ju.docxmydrynan
F4.1 I think if a senior manager delayed a planned maintenance just to make profits look better I consider that unethical. I think about this the way the military is, they do maintenance all the time. This is to make sure the equipment continues to work the way it needs to. If it doesn't work then people can get hurt or can delay in business production. I can see how this example is questionable just because it isn't as if they completely cancelled the maintenance but just pushed it. I just don't think it would be worth the risk considering how much can go wrong by doing that. Another questionable situation would be not promoting someone because they didn't have the money when in fact they did but didn't want to fork it over. These situations really depend on the details if they are truly unethical or not. If someone was already doing the additional work the promotion would require then I would consider that unethical.
F4.2 It may have an appearance of being somewhat dishonest, but delaying the expense to a later reporting period to provide a higher EPS for stockholders is likely very common. If the expense is accounted for in the next period (when it is incurred), there is no dishonesty displayed. This reminds me of forward contracts, which are also common and expected.
Many years ago, I worked for a defense contractor (one of several at the time). Highly lucrative Government contracts would be bid on by several companies. I remember that the price of the bid would change several times before the ‘best and final’ submission. Each of the defense contractors knew what the others were bidding. I once questioned how the price could change so drastically, and was informed that all of the companies ‘update’ their financial requirements. In the end, these projects always came in significantly over cost (and the Government paid it anyway). I am a strong supporter of our military and national defense, but I have to wonder how things would have changed if the defense companies were held to their bids.
F4.3 The accounting manager is focused on the collection and presentation of financial data. This information would be presented in the financial reporting documents including Income Statement, Profit/Loss, Balance Sheet, etc. The reports are used to support decisions; the accounting manager may be one of the individuals included in the strategic discussions.
The CFO is responsible for both the accounting and finance functions, and plays a key role in making business decisions. The information contained in the financial reports helps to drive business decisions. Multiple roles should be involved in a successful strategic plan; each member of the team comes to the table with unique experience and knowledge. Further, multiple decision makers provides a system of checks and balances.
F4.4 If a firm’s senior manager is delaying a planned maintenance to make profits look better, then I believe that is very unethical. Although, it is unethical I also bel ...
This document discusses two important topics in accounting: users of accounting information and limitations of accounting information. It describes the internal and external users of accounting information, including owners, potential investors, creditors, lenders, employees, and the government. It then lists several key limitations of accounting information, such as it being influenced by personal judgments, based on accounting concepts and conventions, providing incomplete information, omitting qualitative information, being based on historical costs, affected by window dressing, and being unsuitable for forecasting.
I need a 100 word reply to each of the following forums (total 800 w.docxtroutmanboris
I need a 100 word reply to each of the following forums (total 800 words)
Statistics Forum #1
As stated in my previous discussion, my supervisor uses a spreadsheet called a CEMASTER which allows her to see our credentials like how long we have been with the company, our skills, our wages, our bonuses, and what training we need to advance. A confidence interval gives an estimated range of values which could include an unknown population parameter. If my supervisor were to add confidence intervals this would give her a percentage probability that an estimated range of possible values includes the actual value that is being estimated. For example, she could use this information when its time to evaluate if we are eligible for our yearly raises.
Statistics Forum #2
After reviewing my pervious example on estimates I can understand why people do not entirely trust single point estimates. Our book states that “
The
confidence
interval
of
the
population
mean
is
a
range
within
which
the
value
of
an
unknown
population
mean
has
a
specified
probability
of
occurring
”
(Tanner & Youssef-Morgan, 2013).By adding confidence intervals we are able to narrow the number down. I asked a manager in human resource who keeps of the schedule to include time off, sick day, and no shows if she would prefer a signal point estimate or a range . She told me that she would prefer the range estimate. She agreed with our text witch states “
a
range
of
numbers
within
which
the
true
percentage
of
spoilage
will
occur
with
a
stated
probability”
(Tanner & Youssef-Morgan, 2013)
.
I also asked another person in the HR office and he thought the range estimate was also a better idea. They both felt that the numbers where better and more reliable for their job. They stated that when dealing with a large employee population it would be better to get a range that encompasses the possibilities in numbers.
Statistics Forum #3
Chi – Tests are also called distribution – free tests and no assumptions are needed about how the data are distributed and there are no requirements regarding their scale. I think a good example of a chi – test would be how your grades have changed over the course of a year. You would compare last year results to this year results. The results would tell you whether your grades improved over a years time.
Statistics Forum #4
Our book states that “chi-square is a test of the independence of two nominal scale variables” (Tanner & Youssef-Morgan, 2013)
.
I would have used the chi-square test when purchasing a new car. There are difference in overall cost to consider. To include the sticker price, taxes, the mpg and general repair the car would need in its first few years. “Chi-square is a statistical test commonly used to compare observed data with data we would expect to obtain according to a specific hypothesis” (Pennsylvania State University, 2013). I could get a better understanding on the overall cost on car owners.
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions: For this week's checkpoint we had to look up three job postings in the field of accounting. I'm glad that I got this opportunity because it actually opened my eyes and expanded my knowledge in the accounting field. The three job positions are listed below. The first job title was Senior Internal Auditor.
Accounting principles are the basic rules and assumptions that form the framework for constructing financial statements. They provide structure and guidelines for accounting practices. The Financial Accounting Standards Board (FASB) establishes Generally Accepted Accounting Principles (GAAP) in the U.S. by issuing new standards and revising old ones. While compliance with accounting principles is partially voluntary, the Securities and Exchange Commission (SEC) regulates public companies and the IRS provides oversight of financial statements used for tax filings. Overall, a mix of voluntary cooperation and regulatory forces work to ensure consistency and integrity in financial reporting.
Accounting provides essential information about a company's financial situation and performance. It records, classifies, and summarizes business events in monetary terms according to accounting principles. Investors and other external actors rely on accounting information like profit, debt levels, and financial forecasts to make decisions. Accounting also helps internal managers and owners understand how the company is perceived externally and take business decisions by providing economic criteria. While accounting aims to provide a true and fair view, how information is presented and summarized can impact perception.
Explore the concept of Accounts Payable in this informative PDF. Understand its importance in business finance and learn key principles for effective management. Download now for valuable insights.
The Importance Of Non Financial Information In Decision Makingbquteam
This technical paper discusses the importance of considering non-financial information in addition to financial information for decision making. Two models are presented: the profit tree model identifies non-financial drivers behind financial statement items; the balanced scorecard model captures additional value factors like customer satisfaction, internal processes, and learning/growth. Using these models can help companies gain competitive advantages by understanding both financial and non-financial factors that impact performance. The paper also outlines benefits, limitations, and reporting of non-financial information to provide a more holistic view for decision makers.
Financial audits reasons behind failures & some suggestionsKumar Indra Mohan
Auditing involves the independent examination of an entity's financial information to express an opinion on whether its financial statements are fairly presented. A financial audit provides an opinion on whether the financial statements comply with accounting standards. Auditors gather evidence to determine if the statements contain material errors or misstatements. Auditing helps detect and prevent fraud, assess taxes, maintain proper accounts, compare performance year-over-year, and increase an organization's credibility and goodwill. However, auditing has limitations such as not all transactions can be verified and it cannot ensure future profitability or management efficiency.
The document provides an overview of a mentorship program on financial review. It discusses key steps in conducting a financial review, including analyzing financial statements, calculating financial ratios, and identifying trends over time. The objective is for participants to gain practical insights on evaluating business performance, operations, managers, and capital investments using information from financial statements. This will allow them to forecast conditions and make informed decisions. The mentorship method involves interactive discussions with practical examples and reviews.
The document provides background information on Apple Inc.'s founding and history. It was established in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne to sell the Apple I computer kit. In 2007, Apple Computer Inc. changed its name to Apple Inc. The document also discusses research methodology, objectives, limitations and definitions of ratio analysis as it relates to analyzing financial statements. Ratios simplify and summarize accounting figures to assess a company's performance, financial position, and efficiency.
Financial and Managerial AccountingDifferences between financial.docxericn8
This document discusses the differences between financial accounting and managerial accounting. Financial accounting focuses on maintaining an organization's financial transactions and records for external reporting purposes. It provides financial statements to outsiders. Managerial accounting focuses on identifying, evaluating, interpreting, and communicating internal information to managers within an organization to help them make decisions and ensure goals are achieved. While financial accounting requires adherence to accounting principles and standards, managerial accounting is more flexible as the information is for internal use.
This document discusses various topics related to accounting as a profession. It begins by defining accounting and describing the wide variety of roles that accountants perform beyond just preparing financial statements, such as analyzing costs and efficiencies, participating in mergers and acquisitions, developing information systems, and managing taxes and benefits. It then outlines some career paths one can take in accounting, such as auditing, budget analysis, and financial accounting. It also notes the expected job growth and outlook for the field.
Earnings management involves using accounting techniques to alter financial results within GAAP, while fraud intentionally misleads through financial statements in violation of law. While the two can be similar in distorting financial reports, earnings management does not necessarily constitute fraud if performed within the boundaries of accepted accounting standards. However, abusive earnings management could lead firms into committing accounting fraud.
External and Internal Environmental AnalysisBy- Josalyn Dietrich.docxmecklenburgstrelitzh
External and Internal Environmental Analysis
By- Josalyn Dietrich
External and Internal Environmental Analysis
Complete
the external environmental scan for your organization.
Perform
an internal competitive environmental scan for your organization.
Write
a summary of no more than 1,400 words that does the following:
Identifies and analyzes the most important external environmental factor in the remote, industry, and external operating environments
The remote external environment is the “economic, social, political, technological, and ecological factors that originate beyond … any single firm’s operating situation,” (
Pearce & Robinson, 2013).The most important factors for this business is the social and technological aspects of the business. The social implications to be considered here include the privacy that most people value when it comes to their finances. Many people have expressed that they are uncomfortable with the idea of letting other people have access to their financial information. This can be a huge factor because in order to be a bookkeeper, there is no degree that is required. Hiring an accountant or a professional tax preparer, there are certain levels of certification that are needed to hold these titles, so it gives the client a sense of security. It would be in the owner of a bookkeeping business’ best interest to attain a variety of certifications or other ways to gain credibility with the potential client base.
The technological aspect of the remote environment is mostly concerned with the software the business will be using to keep track of the finances for the company, and how the financial information will physically get to the bookkeeper. Luckily, there is one main software system that most small business are willing to use or are already attempting to use. For this situation, the bookkeeping business will need to become an expert in this software and be able to have access to each different section of this program, whether it is on a hard drive or cloud based. The second factor that will need to be addressed is the fact that the bookkeeper will need to either attain the supplemental documentation (receipts, check carbon copies, etc.) physically or electronically. Many people that are running a small business on their own do not have an electronic way of tracking receipts and checks because there has not been a need for it in the past because of the small scale on which they have been doing business. This has created a sort of resistance to moving to electronically attaining the financial documentation because the business owners just have a bag of receipts. This can potentially limit the target market to owners that are physically located in the same city as the bookkeeping business.
The industry environment refers to the “general conditions for competition that influence all businesses that provide similar products and services,” (Pearce & Robinson, 2013). The most important factor within the industry .
Similar to Fin 370 genius perfect education fin370genius.com (17)
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...mayaclinic18
Whatsapp (+971581248768) Buy Abortion Pills In Dubai/ Qatar/Kuwait/Doha/Abu Dhabi/Alain/RAK City/Satwa/Al Ain/Abortion Pills For Sale In Qatar, Doha. Abu az Zuluf. Abu Thaylah. Ad Dawhah al Jadidah. Al Arish, Al Bida ash Sharqiyah, Al Ghanim, Al Ghuwariyah, Qatari, Abu Dhabi, Dubai.. WHATSAPP +971)581248768 Abortion Pills / Cytotec Tablets Available in Dubai, Sharjah, Abudhabi, Ajman, Alain, Fujeira, Ras Al Khaima, Umm Al Quwain., UAE, buy cytotec in Dubai– Where I can buy abortion pills in Dubai,+971582071918where I can buy abortion pills in Abudhabi +971)581248768 , where I can buy abortion pills in Sharjah,+97158207191 8where I can buy abortion pills in Ajman, +971)581248768 where I can buy abortion pills in Umm al Quwain +971)581248768 , where I can buy abortion pills in Fujairah +971)581248768 , where I can buy abortion pills in Ras al Khaimah +971)581248768 , where I can buy abortion pills in Alain+971)581248768 , where I can buy abortion pills in UAE +971)581248768 we are providing cytotec 200mg abortion pill in dubai, uae.Medication abortion offers an alternative to Surgical Abortion for women in the early weeks of pregnancy. Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
1. FIN 370 Cash Flow Problem Sets (4-5,4-7,4-8,4-11,4-13)
FOR MORE CLASSES VISIT
www.fin370genius.com
4-5 Multiyear Future Value How much would be in your savings
account in 11 years after depositing $150 today if the bank pays 8
percent per year? (LG4-3) 4-7 Compounding with Different Interest
Rates For Discussion Question 1: Post your response to the following:
When reviewing a financial report, why should information be
reliable, relevant, consistent, and comparable?
In other words, why are these accounting characteristics
important?
What kinds of problems could be created if a financial report is
not reliable, relevant, consistent, or comparable?
It is extremely vital that the company has accurate financial
reporting. This information determines whether or not to invest in
your company's stock. This information will help them decide if it is
profitable to invest or not to invest in your company based what is in
your financial history. The information must be relevant because it
will help the company, investors and lenders make decisions. It helps
answer questions like, "how stable is your company", or "what future
does this company have". The information should be reliable. In other
words the information that is reported must be able to be verified,
backed up with truthful information. Comparable occurs when
different companies use the same accounting principles. This makes it
much easier to compare results between company's. Consistency
happens when the company uses the same accounting method every
year. When the financial statements are reported each year, it paints
a financial picture of where the company is headed now and in the
future.
2. What kinds of problems will occur if the information does not include
these things?
Falsified or manipulated statements doesn't only effect the company
but it also to name a few effects the lenders, creditors, investor's, etc.
This will result in the company not having a faithful representation.
Another response
The main objective of generating financial information is providing
useful information that can be used in decision-making... only if this
information is relevant, reliable, comparable, and consistent, can it
be useful for decision makers. (Kieso, 2003).
Relevance gives a basis for making decisions that will impact the
future of a business, and it confirms and corrects expectations from
the past. If the information makes a difference in making decisions, it
is relevant.
Reliability means that the information can be depended on and it can
be proven to be free of error, and the information is factual. The
information cannot favor one set of users over another. CPAs audit
financial statements to ensure reliability.
Comparability is also an important characteristic of financial
reporting... this happens when different businesses use similar
accounting principles, making it much easier for one to compare
companies, and the method used in a business must be disclosed to
the users of the information to enable the users to convert the
information as accurately as possible.
Consistency simply means that the business uses the same
accounting principles on a yearly basis... consistently. This helps
decision makers analyze a company's trends. A company can change
3. the methods used if they can justify the change, showing that the
new method is more useful for analysis. If the method is changed, it
must be disclosed in the notes that go with the statements to show
users a lack of consistency.
These characteristics are very important to a business... decisions
cannot be made based on incorrect information, and everyone
involved in a business venture of any kind, whether they be
management, owners, or investors and creditors, as well as
consumers, etc. must be able to rely on the financial information
provided in order to make any type of decision. Without this
information, it is difficult to imagine any business succeeding, even
for a short time.
Examples of problems that could occur without reliable, relevant,
consistent, or comparable information includes not being able to get
loans or investments; management could make decisions that cause
irreparable damage to entire operations, consumers could easily lose
faith and cut their ties... the possibilities are endless for companies
that lack these qualities in their financial reporting.
DQ2
For Discussion Question 2: Post your response to the following:
How does information from financial reports influence business
decisions?
Why is it important for business managers to understand the
information found on financial reports?
4. How does information from financial reports influence business
decisions?
Once the information from the financial reports have been posted
then a team will review the company's financial history to see what
decision were profitable or not. The decisions that were made
previous to the financial reports being posted will show which way
the company needs to go to continue to remain #1.
Why is it important for business managers to understand the
information found on financial reports?
IT is extremely important for he business managers to understand the
information found on the financial reports. The business managers
are going to be the people that are going to make decisions for the
company. They need to know how to interpret the financial reports
and come up with different strategies that will continue to make the
company money.
Another response
The information from financial reports influences business decisions
because it shows where the company stands. The managers use the
information from the financial report compared to the current year
from the previous year, whether the company growths or losses. It is
very important for business managers to understand the information
found on financial reports because the information from the financial
reports enables business managers to see how to improve and keep
the business afloat. It also gives business managers an insight what
came in and went out and the total operating cost of the company as
well as cutting cost in a certain areas. The information from the
5. financial reports helps the manager manages the business
accurately.
--------------------------------------------
FIN 370 Final Exam Guide (New 2017)
FOR MORE CLASSES VISIT
www.fin370genius.com
Which one of the following statements is correct concerning the cash
cycle? Accepting a supplier’s discount for early payment decreases
the cash cycle. Increasing the accounts payable period increases the
cash cycle
Internal Cash Control
By
Kamilah Crooms
Accounting 220
Jess Stern
Internal Cash Control
The accounting department receives from sales invoices once a
month. Most of the information is missing on the invoices.
The accounting department relies on each department within the
company and all the information has to be submitted completely and
in a timely matter. In this scenario most of the information that has
been turned in has information that is missing on the invoices. I would
say that the internal controls that are not being followed are
6. Documentation procedures. Company documentation is very
important and must be turned in complete. These documents show
proof of delivery or proof of services to the customer. Any incomplete
documents can be very costly and can cause a delay in the company
being paid for any services rendered. For example, one of the
requirements in a transportation department is to make sure that the
drivers verify the load and sign for the load prior to leaving the yard,
these documents says that the load left in good condition. Well, it so
happened that we allowed a driver to leave without signing the
paperwork. This caused a delay in accounting because we had to get
signatures from the driver and the customer which took a month later
to complete.
Rob, Sue, and Bob use the same cash register at the donut shop.
Rob, Sue, and Bob all use one register has often turned into not the
best decision ideally for the company. It can increase the risk for the
drawer being short and it will be hard for the company to find out
which employee or employees had shorted the register. The internal
controls that are not being followed are Establishment of
responsibility. Happens when the company assigns one person to be
in control of a specific job or have authority to make decisions (pg
161 Internal Control and Cash). When the company signs one person
to be responsible over the register it will allow the company to hold
that one person responsible for any shortages.
Sam does the ordering of materials at the beginning of every month
and pays the bill.
In this case Sam is ordering materials and paying all the bills. This
process is actually known as related activities (pg 162 Internal
7. Control and Cash). This occurs when one person is doing two
different responsibilities just like Sam. The internal Control that is
not being applied is Segregation of Duties. It is better for the two to
be a separate responsibility because it will minimize the billing
errors.
Bank reconciliations are done by the person who is responsible for
all cash responsibilities.
The problem with this scenario is that the same person is responsible
for all cash responsibilities, why is this person doing the only one that
does this job? Having one person take on such a major responsibility
increases the chances of embezzlement and thief. The internal control
that is not being applied is rotating employees’ duties and requiring
employees to take vacations. One person should not be completely in
control of one job, the company should encourage vacations or
switching positions to prevent incorrect handling of the company’s
valuable information.
New checks came in and are left on the shelf with other supplies.
This is a tough scenario because there are all sorts of internal
controls that are not being used in this case. I would say in my
opinion that the first internal control that comes to my mind that is
not being applied is bonding of employees who handle cash.
Every employee that works near or with expensive equipment should
be held reliable or responsible for the company’s assets. Bonding of
8. employees who handle cash protects the company by insuring that the
employee is or isn’t a risky applicant (background checks) or
reassuring that the employee that they will be prosecuted to the fullest
extinct if they are found guilty of thief. For example, I had worked at
Mc Donald’s and
there were my shift managers and one employee that were caught
with stealing money from the company. This situation had happen
very differently. The armor truck dropped off a deposit that belonged
to another company (armors mistake) but they signed it. Those
employees thought that nothing was going to be traced back to them
but the little did they know, all evidence traced back to them. They
each received jail time, and felony records.
Everyone has access to the computer system and the last audit was
seven years ago by the former accountant
This scenario has two things that are going on at the same time. I
will first start off with the computer system and how everyone has
access to the computer. The internal control that is not being applied
is Physical, Mechanical, and Electronic Controls. This allows the
company to control assets through physical or electronic based
systems or programs. It is extremely important for a company to
invest in computer or informational protection for the company and
for their employees. Today’s technology age most companies are
investing in a computerized program. This will help protect from
internal errors and external protection. For example, all companies
invest in a virus protection this will ensure that the company’s
information is protected and not in the wrong hands.
9. Invest idle cash
Invest idle cash occurs when any excess funds or cash needs to be
invested. The money should be highly invest and risk free. For
example, a major company should make investments with their assets
into profitably investments and risk free.
Plan the timing of major expenditures
This is when a company sets aside money for major cash needs. We
live in a world that things happen daily. A good company would set
aside emergency funds. For example, during a terrible thunderstorm,
the winds practically ripped off the roofing shingles off a commercial
business. The company will be able to use the money for emergency.
Delay payment of liabilities
Delay payment of liabilities is when a company pays bills not too
soon and not late. This allows the company to have money available
for bills that that really need to be paid allowing excess funds to be
free for other uses.
Keep inventory levels low
This occurs when the company keeps the inventory low so that it will
bring in more profits. For example, if the managers at a fast-food
over plan and fix too many hamburgers and the customers don’t buy
it, then the food will go bad and the company will lose profit.
Increase the speed of collection on receivables
10. This occurs when money is owed to the company, the company cannot
claim these until the funds have been received. Some companies offer
incentives to encourage customers to pay early or on time. For
example, my job encourages their customers by letting them know that
there will be a price increase on or after a certain date and this really
works because the customers want to pay at a lower price.
References:
11. http:yourdictionary.com /accounting_statements.org Retrieved
2/13/2010
Thomas, Y. 2005-08-27 “Accounting 101 pg. 52 Statements
--------------------------------------------
FIN 370 Final Exam Guide (New)
FOR MORE CLASSES VISIT
www.fin370genius.com
Which financial statement reports the amounts of cash that the firm
generated and distributed during a particular time period? Axia
College Material
Appendix B
Cash Management Matrix
Directions: Using the matrix, list how each of the principles of
internal control works, and give an example for each. Next, list how
each of the principles of cash management works, and give an
example for each.
Principles of Internal
Control
How it Works Example
Establishment of
responsibility
Happens when the
company assigns
one person to be in
My job, Our Sales
department is the
only one that can
12. control of a specific
job or have
authority to make
decisions.
waive a restocking
fee. It allows the
Sales team to be in
control of the
customers returns
Segregation of duties This is when the
company has more
than one person to
control a task or job
A church- You have
people who count
the offering and
then you have
someone who
writes down and
logs in what was
received
Documentation
procedures
Evidence or proof of
all company
transactions
My job we deliver
ship shingles to our
customers, and we
make the driver sign
prior to leaving and
we make the
customer sign a
“Proof Of Delivery”
form
Physical, mechanical,
and electronic
controls
Allows the company
to control assets
through physical or
electronic based
systems or
programs.
Our job has a
system called Cisco
and this tracks the
employees breaks
and lunches. Also,
monitors how long
the CSR have been
ready or working.
13. Physical control
would be the
security guard, they
require
identification prior
to entry.
Independent internal
verification
Any information that
can be reviewed ,
compare, and
reconciliation by a
employee
My job has a way of
tracking our
inventory and when
someone says that
they were shorted
on their order we
can go back and
track the inventory
and compare the
numbers in the
system and a
physical count to
determine if the
numbers were
incorrect
Other controls Bonding of
employees,
company protects
against abuse of
assets.
Our company fired a
girl just recently
because she had
used the company
card business card
for personal us that
was not work
related.
14. Principles of Cash
Management
How it Works Example
Invest idle cash Occurs when any
excess funds or cash
needs to be
invested,
My father’s
company makes
wise investments
and it turns around
in his favor
Plan the timing of
major expenditures
A company wants to
make sure that
there is money set
aside for major cash
needs
During the recession
profits dropped
lower than expected
so some companies
pulled from these
funds
Delay payment of
liabilities
When a company
pays the bills at an
appropriate time
not late and not too
soon.
Ok, when times are
tough at home and
bills are due I
organize the bills by
which bills needs to
be paid the soonest,
because if I pay the
bills too early I will
cut off my excess
funds that could be
used for something
else
Keep inventory levels
low
Happens when a
company keeps the
inventory low so
that it will continue
to bring profit
See’s Chocolate
factory has to make
sure that they are
not over producing
or making too much
or else the sit and
15. the company will
lose money
Increase the speed of
collection on
receivables
Money that is owe
to the company by
other people or
customers is money
that can not be
counted towards
the companies funds
When a customer
places a order for a
product and has not
paid yet, the
company can not
count the money as
their’s until it is
received.
--------------------------------------------
FIN 370 Week 1 Calculating Ratios Worksheet (2 Set)
FOR MORE CLASSES VISIT
www.fin370genius.com
This Tutorial contains 2 Set of Answers FIN 370 Week 1 Calculating
Ratios Worksheet 1. What is “agency theory?” Income statement is a
financial statement that shows how much money is coming from
product sales and services prior to any expenses being taken out.
Both internal and external users such as managers and investors are
able to access this. For example, if a investor wanted to see if the
company made money or lost money they would use this financial
statement report.
Balance sheet shows what condition the company is currently in.
whereas the other financial statements only came monthly or
annually. For example, what if the management planning team
wanted to see the company's current assets, ownership equity and
liabilities? All they have to do is run the balance sheet report.
16. CVP income statement or Cost Volume statement reports or monitors
the effects of the changes in cost and volume when it comes to the
company profits. For example, I work at a manufacturing plant for
roofing shingles. The CVP analyst studies the cost which includes but
not limited too, manufacturing, material, labor cost. This financial
statement report would help the management team budget the cost
of manufacturing goods.
Statement of cash flow tracks the movement of cash coming in or out
of the business. This financial statement will show if the company
made cash or not, or if the net income increased or decreased. For
example, the owner or the management department will use this to
determine if the company has earned enough money to be able to for
any expenses.
Retained earnings statements is a percentage that is kept by the
company to be reinvested or to be used to pay debts. For example, if
a company was looking to expand their business by purchasing top of
the line equipment they can use this statement to see how much
money the company has put away.
References:
http://www.investopedia.com/terms/r/retainedearnings.asphttp://finan
cial- Retrieved 2/18/2010
statements.suite101.com/article.cfm/financial_statements_the_p_l.
Retrieved 2/18/2010
--------------------------------------------
FIN 370 Week 1 Calculating RatiosLake of Egypt Marina
(3-29, 3-30)
17. FOR MORE CLASSES VISIT
www.fin370genius.com
FIN 370 Week 1 Calculating Ratios Review the financial statements
for Lake of Egypt Marina, Inc. Discussion Question 1: Post your
response to the following:
How would you describe the difference between financial and
managerial accounting? What are the distinguishing features of
managerial accounting?
There are many differences between financial and managerial
accounting. The financial accounting statements are available to
external users such as employees, stockholders, creditors, investors,
etc. This is available to them so that they can monitor the company's
performances quarterly or annually. Managerial accounting provides
financial information for managers and other internal people or
department. Managerial accounting is confidential so it is only
observed by internal users such as management, owner, and will
provided to external users such as the public. Management uses this
for budgeting purposes or to monitor profit loss/gain within the
company. Managerial accounting can be available to them as often
as needed. Managerial accounting statements is a great way for
management to make decisions based on what has been reported.
Another response
The differences between managerial accounting and financial
accounting are distinct. Managerial accounting reports are for those
in managerial and decision making positions. The managers use the
financial report to answer questions, which would advance the
company and its employees. The manager would want to know if
certain investments should be made and should the company
advance an employee's salary. The manager needs the report to
decide if a factory is built or if a certain stock is brought. The financial
18. accountant has the job of showing the external users such as
creditors and stockholders a picture of the company's stability.
The manager's purpose is to manage by making stable plans,
delegate duties, motivate the workers, and control the atmosphere.
Distinguishing features of managerial accounting are the fact no cpa
will audit the report, and there is no specific frequency of the report.
The reports are done in a need to know basis and for a specific
reason, which is for business purposes. The reports are detailed and
pertain to specific business decisions. The financial accountant need
only be concerned with the company's finances.
DQ2
Discussion Question 2: Post your response to the following:
Select a management function (planning, directing and
motivating, or controlling) and explain how that function relates to
business as a whole. Next, select a different function listed by a
classmate. Discuss with your classmate how the functions you each
selected complement each other.
The management functions that I choose was controlling.
Controlling job is to make sure that the each
department/person is keeping the company's activities or plans on
track and in order to achieve that they must work closely with
Management planning function. Controlling continually compares the
company's performance to make sure that the planned standards
are being met. In my opinion this is known as the "dirty work".
Controlling operations have to know what to look for and how to
keep track of all the company's activities. They have to take actions
and quickly correct any errors and make sure that the company goals
are being achieved in a timely matter or the time that it was planned.
If there are errors it is job of the controlling operations to take quick
19. action. The controlling operations not only correct errors after it
happens but they also are in charge of foreseeing any potential errors
and act quickly to get that resolved.
Another response
I chose Controlling as part of the management function. The
controlling function relates to business as a whole because it helps
monitoring the firm’s performance to make sure the planned goals
are being met. Managers need to pay attention to costs versus
performance of the organization. let say, if the company has a goal of
increasing sales by 10% over the next two months, the manager may
check the progress toward the goal at the end of month one. If they
are not reaching the goal the manager must decide what changes
are needed to get back on track.
--------------------------------------------
FIN 370 Week 1 Question and Problem Sets (Ch 1: Q 3,11
Ch 2: Q4,9, CH 3: Q4,7, Ch 4: Q 1,6)
FOR MORE CLASSES VISIT
www.fin370genius.com
Purpose of Assignment Complete the following Questions and
Problems (Concepts and Critical Thinking Questions for Ch. 1 Only)
from each chapter as indicated. Show all work and analysis. Prepare
in Microsoft® Excel® or Word. Cost, Volume, and Profit Formulas
By
20. Kamilah Crooms
Due February 28, 2010
Explain the components of cost-volume-profit analysis.
The components of cost volume-profit analysis consist of Level or
volume of activity, Unit Selling Price, Variable Cost per unit, total
fixed costs, and Sales mix.
What does each of the components mean?
Level or volume of activity is the activity that causes change or
behavior when it comes to the cost. Unit selling Price is the cost for
the product basically how much each unit is selling for. The Variable
Cost per unit is something that can change depending on the activity.
The total fixed cost does stay the same as activities change but differ
per unit. The Sales mix is basically what the name says. It’s a mixture
of sale items when more than one product sold the sales will remain
the consistent.
Based on the formulas you have reviewed, what happens to
contribution margin per unit when unit selling prices increase?
21. Contribution margin is the amount of revenue left over after
subtracting the variable cost. So basically Unit sales price subtracting
or minus variable cost.
Illustrate your explanation with an example from a fictitious
company of how an increase in unit selling prices might affect
contribution margin.
Kelly’s Sweetheart Flowers
The owner of Kelly’s Sweetheart Flowers is selling their bouquet of
flowers for $10 per unit. The Variable Cost per unit is $4.00. The
contribution margin will be ($10-$4) = $6. If the sells price increases
to say $15, then the contribution margin will be ($15-$6) = $9 per
unit.
When fixed costs decrease, what does this do for sales? Illustrate
your explanation with an example from a fictitious company.
Kelly’s Sweetheart Flowers
When the fixed cost decreases, the contribution margin ratio the net
income and sales will increase.
For example,
22. The flowers are $10 per unit. The variable cost per unit is $4.00. The
contribution margin will be ($10-$4) = $6. The fixed cost is $3. We
subtract Contribution margin – Fixed Cost= Net income. The net
income is $3.00.
Define contribution ratios
The contribution margin ratio is the contribution margin per unit
margin divided by the unit selling price.
What happens to contribution ratios as one of the components
changes?
Shown in the example above, if one or more of the components
changes is will cause the net income to increase or decrease.
Reference
statements.suite101.com/article.cfm/cost_volume_profits*the_p_l.
Retrieved 2/28/2010
//http:yourdictionary.com /CVP.org Retrieved 2/26/2010
Thomas, Y. 2005-08-27 “Accounting 101 pg. 52 Statements
--------------------------------------------
23. FIN 370 Week 2 Cash Flow Problem Sets (5-1,5-3,5-5,5-
7,5-12,5-15,5-39)
FOR MORE CLASSES VISIT
www.fin370genius.com
FIN 370 Week 2 Cash Flow Problem Sets Complete the following
problem sets from Chapter 5 in Microsoft® Excel®: 7 How should
mixed costs be classified in CVP analysis? What approach is used to
effect the appropriate classification?
According to our class materials all mixed cost must be classified into
their fixed and variable and variable elements. The method that can
be used to determine is called the high/low method. To determine
the variable cost the analysis takes the total cost and divide it with
the low activity level. To get the fixed cost then the company would
have to subtract the total variable with either the high or low activity
level.
9. Cost volume profit CVP analysis is based entirely on unit costs. Do
you agree? Explain.
In my opinion when it comes to making financial decisions for the
company, often times more than one method is used. Cost volume
profit is also based on Volume or level activities, unit selling prices,
variable cost per unit, total fixed and sales mix.
14. You can find the break point in dollars by drawing a horizontal
line to the vertical axis. I you want to find the break even point in
units it will be a vertical line from the break even point to the
horizontal axis.
--------------------------------------------
FIN 370 Week 2 Financial Markets and Institutions
Report (2 Papers)
24. FOR MORE CLASSES VISIT
www.fin370genius.com
This Tutorial contains 2 Papers FIN 370 Week 2 Financial Markets and
Institutions Report Create a 1,050-word report, and include the
following: Axia College Material
Appendix C
Budgets Matrix
Directions: Using the matrix, define each of the budgets listed and
briefly describe its uses.
Budget Definition Describe its uses
Sales budget Estimate of the
expected sales for
the period. All of the
other budgets
depend on the sales
budget. This is
where all the other
budgets will start
from
The sales budget
shows dollars and
units. This will allow
management to see
how many units will
be produced for the
period
Production budget A production of
units needed to be
produced in order to
Shows management
how many units will
be produced during
each budget period
25. meet the projected
sales
and what amount is
needed to fulfill
inventory demands
Direct materials
budget
Is the estimated
quantity or cost of
the raw materials
that is needed in
order to produce the
units required to
fulfill inventory
Shows management
how much raw
materials that is
already on hand and
or that needs to be
ordered to meet
inventory demands.
Direct labor budget A estimate of cost
and quantity of
direct labor needed
in order to meet
production
Shows how many
hours, how many
laborers needed to
produce the units for
that budget period.
Management will
decide what will be
the right amount of
laborers needed and
if the company will
be able to meet the
budget
Manufacturing
overhead budget
An estimated
expected amount of
manufacturing cost
for the budget
period
This list all overhead
cost involving cash
disbursement in a
quarter
Selling and
administrative
expense budget
Anticipated selling
and administrative
expenses in the
budget period
Shows area of
budget expenses
that are not listed
other than
26. manufacturing.
Expenses such as
marketing,
promotion cost etc
for the budget
period
Budgeted income
statement
Estimate of
expected
profitability of
operations in a
budget period
Is a very important
tool because it
shows the company
estimated profit for
the budget period.
Cash budget A projection of
expected cash flows
in and out of the
business.
Cash budget helps
management keep a
tally or total of all
cash balances.
--------------------------------------------
FIN 370 Week 2 Question and Problem Sets (Ch 5: Q3,Q4
Ch 6: Q2, Q20, Ch 7 : Q3,Q11 Ch 8: Q1,Q6)
FOR MORE CLASSES VISIT
www.fin370genius.com
Prepare in Microsoft® Excel® or Word. • Ch. 5: Questions 3 & 4
(Question and Problems section): Microsoft® Excel® templates
provided for Problems 3 and 4 • Discussion Question 1: Post your
response to the following:
27. You know how important it is to create budgets for your
household. How does budgeting help management make good
business decisions?
Budgeting is a very important skill that can be applied to everyday
life and also when it comes to making good business decisions. I
really like the way our class resources says about Budgeting.
Budgeting is used as a planning tool used by management to make
good decision for the company. If a company is successful than more
than likely that means that the management team is very good at
managing the company finances. Budgeting helps management plan
ahead, defines what is most important, shows warning signs, reach a
company target without over or under budgeting and etc.
Another response
In a business, a budget helps a business make good decisions because
they are used by the company to plan for future events and
coordinate the events and duties in the company. They also gives
objectives used to evaluate the performance of the company on each
level which can help to make future decisions that will not hurt the
company based on the projected objectives. It can also be used to
alert the company of possible problems or negative trends in the
company that need to be addressed so that there is a clear picture of
the overall health of the company before decisions are made. The
budget helps the company to be able to make an informed decision
when making one. It is there in order to make sure that making a
decision like taking on another company will not hurt the company
and is something that the compnay can sustain based on the budget.
DQ2
28. Discussion Question 2: Post your response to the following:
What are some of the different types of budgets?
Describe in detail one type of budget covered in the text.
Describe what the budget is used for and what information it
provides a business.
Then, as you respond to your classmates, discuss how the
budget you described relates to the budgets they described.
Discuss how a business benefits from each of the budgets.
There are many different types of budgetting. For example, there
sales budget which allows management to see how many units that
need to be produced, production budget which will allows everyone
to see how many units are going to be produced in or needed to be
produced in order to meet the inventory for that budget period. One
budget that I can describe in detail is called the direct labor budget
and this budget shows how many people, hours is needed in order to
meet the required budget for that period. This will give management
an idea of how much money is needed such as paying the cost of
labor. The company benefits by each of these budgets because it will
help manage just how much money it will cost the company during
this period. Management can also see if there are different ways to
cost the company out of pocket cost down during this period.
Another response
I chose to write about the Production Budget. The Production Budget
shows the cost of each unit needed to produce an item or
manufacture a product. The formula used by the Production Budget :
Budget sales units + Desired ending finished goods units - Beginning
29. finished goods units = Required production units.
An example would be, every Easter the bakeries in the Bronx loads up
on Hot Cross Buns. My mother and grandmother would buy these
tasty sweet breads,and eat them for breakfast. I personally would
like to eat them every week but, they are only sold during the Easter
season. Maybe, it has something to do with the glazed cross on the
top.
Every Easter Holiday, there appears these Hot Cross Buns and the
bakeries production department allows for the purchases for items
needed to make the buns. After Easter has gone, Hot Cross Buns are
not included in the budget.
--------------------------------------------
FIN 370 Week 3 Assignment Financial Ratio analysis
FOR MORE CLASSES VISIT
www.fin370genius.com
Purpose of Assignment Students should understand how to use the
financial information and tools learned in the class on a public
company, obtain public company SEC reports, and use that data to
calculate a company's financial ratios and their comparison to
industry or competitor standards. What is a Flexible budget?
A Flexible budget is a budget that change or is flexible during
different levels or activity. Unlike the static budget which is a budget
based on one activity level, the flexible budget is based off of more
than one activity level.
The steps to development a flexible budget is :
30. a) Identify the activity index, and the range of activity
b) Find out what the variable cost, and determine the variable cost
per unit
c) Find out what the fixed cost and determine the budgeted
amount for each unit
d) Organize the budget for selected additional activity within the
appropriate range
The information found on a flexible budget cannot begin with
the master budget. The flexible budget uses the same guidelines the
original budget. The budget consists of Sales, Cost of Goods Sold,
Selling Expenses, General and Administrative Expenses, Income
Taxes, and finally the Net Income.
The information on the budget is a great tool to be used for
evaluation performances. The flexible budget can be used for
monthly comparison purposes. Also during the process that
management is identifying the activity index and the range of activity
it will allow them to see the cost of direct labor hours for that budget
period.
--------------------------------------------
FIN 370 Week 3 Individual AssingmentRisk and Return
Analysis Report (2 Papers)
FOR MORE CLASSES VISIT
www.fin370genius.com
31. This tutorial contains 2 Papers FIN 370 Week 3 Risk and Return
Analysis Create a 1,050-word report, and include the following:
Capstone Discussion Question: Post your response to the following:
Think back over what you have studied and learned in this
course. Do you have a new perception of or appreciation for the field
of accounting and how it contributes to business? Explain.
To be perfectly honest with you I truly had no clue what accounting
did for a company and how important it was. I always thought that
accounting only dealt with payroll. In fact accounting does much
more that just payroll and monitor company supplies (coffee, paper,
pens & pencils). The accounting sets budgets for the entire company,
monitors outflow and inflow of profits, plans budgets for each
department, and much more. When I first begun this class I was
really nervous, I truly thought that I was going to have a hard time
understanding the accounting but I happy to say that I was wrong. I
understood every part of this course.
On a personal note I would like to thank you Jess. If it wasn't for your
pep talk I probably would had gave up. You are truly a
great instructor. I wish you all the best! God Bless
Another response
Accounting has taken a whole new meaning to me in my vocabulary.
Prior to this course, I just took accounting as a calculator and
crunching numbers. I now have a new respect for accounting and all
the aspects that are involved. I never once took into consideration
profit, sales, revenue, and balance sheets also being included with
accounting. There is so much more involved with accounting, and
had I not taken this course I would have never known. Accounting is
a very important part of running a business. I feel that it is imperative
to all people thinking of opening a business should take some type of
32. accounting class to become more aware of how to run the
accounting part of a business.
--------------------------------------------
FIN 370 Week 3 Risk and Return Problem Sets (7-21,7-
27,8-19,8-21,9-33)
FOR MORE CLASSES VISIT
www.fin370genius.com
FIN 370 Week 3 Risk and Return Problem Sets Complete the following
problem sets from Chapter 7 in Microsoft® Excel®: • 7-21 • 7-27
Complete the following problem sets from Chapter 8 in Microsoft®
Excel
Business Plan
By
Kamilah T. Crooms
33. The name of my business is called DestinyWear. DestinyWear is
a urban fashion clothing company for woman, men and youth.
DestinyWear specializes in making clothing for every occasion. My
name is Kamilah Crooms and I am the owner and CEO of
DestinyWear.My goal is to ensure that my company will be succesfull
in all areas and in each department. In order for me to make sure
that the company was going to begin in the right direction I had to
priortize what was most important in establishing my business plan.
The main priority is that I had to first choose the appropriate business
structure, a high demanding product, and most of all an outstanding
accounting team.
34. Business Structure
Upon establishing DestinyWear I had to decide which business
struture that I felt was best for me to pursue. I decided that as a
Entreprenuer the best choice for me abd the direction of the company
would be for me to be sole proprietorship. Sole proprietorship
allowed me to be the sole owner of DestinyWear. The first and most
important reason that I wanted sole proprietorship is because it is
much easier to start a business as sole proprietorships. Sole
proprietorship takes all the profit that and doesn't have to split it
between any other owners or corporations. I also want the power to
make and change decisions along the way without having to first
consult anyone else.
DestinyWear Products
DestinyWear products will range from jeans, shirts, accessories and
shoes. The company will first start off with its most profitable product
35. and that will be the DestinyWear designer jeans line. The jeans line
has over twenty different jeans designs
from straight leg, baggy, cargo, overalls, shorts and much more. The
jeans line will provide services within the United States and Canada
and will eventually service International customers. The DestinyWear
jeans line will have its own building. In this building the bottom floor
will consist of the factory and the top floor will have the different
departments such as management, marketing and most importantly
the accounting department.
DestinyWear Accounting Department
The accounting plays a major role in establishing my company
DestinyWear. The accounting department does more than managing
and reporting the company’s financial documents it is the greatest
tool in establishing my business. The key to a powerful accounting
department here at DestinyWear is applying the principles of internal
control. These principles consist of establishment of responsibilities,
segregation of responsibilities, documentation procedures, Physical,
mechanical, and electronic controls, Independent internal verification
and other controls such as Bonding of employees. In order to ensure
that this business plan works DestinyWear has to hire nothing but the
best qualified employees.
DestinyWear Accounting Staff
36. DestinyWear accounting team of fine employees will all be
hired through the company. There are several requirements that
have to be met in order for myself as the owner and Human Resource
department to even consider the applicant for accounting. We looked
for characteristics, education and work history experience. The first
and far most important qualifying requirements are education. The
applicant has to have a Bachelor BA/BS in accounting degree a plus if
he or she has a master’s.
The second requirement is experience. The applicant must have the
minimum of five years of experience working in accounting. He or She
must have knowledge and employment experience of working with
financial statements, cash management and internal control.
Employees must be experienced in Invest idle cash, planning the
timing of major expenditures, delay payment of liabilities keeping
inventory levels low, and increasing the speed of collection on
receivables. In the category of experience we had to hire applicants
according to the position that had to be filled in accounting. For
example, if a position in accounting such as management or
supervisory needed to be filled, then we would look for years of
experience in management or supervisory positions. I personally
prefer that every employee have some type of management
experience.
Last but not least, the employees characteristics. It is a must that
every accounting staff member has and applies professionalism,
great ethic and moral skills, accuracy, and most importantly
punctuality, and reaching company deadlines. These characteristics
are very important to have at DestinyWear.
DestinyWear Accounting Management Team
The DestinyWear accounting management team will be
reporting to me and to the other head staff each week to report
updates and any new changes. The management team is responsible
37. to have all the different types of budgeting reports that includes
Sales, Labor, etc. Management must follow the responsibility
reporting system for each department. The managers will use the
company’s financial information to predict outcomes of the business.
I require a report from each responsibility center, cost center, profit
center and investment center to be reported each month.
Management is responsible to ensure that the company does not
over or under budget and if any changes it must be reported
immediately.
Conclusion
DestinyWear will be a very successful team not only because of
the products that we produce but because of having a great
accounting team. With the help of accounting team I DestinyWear
products will be in every wardrobe in America.
REFERENCES
//http:yourdictionary.com /CVP.org Retrieved 3/20/2010
Thomas, Y. 2005-08-27 “Accounting 101 pg. 52 Statements.
March 19, 2010
Drucker, P. Managing in the next society 2002. retrieved march
19,2010
--------------------------------------------
FIN 370 Week 3 Team Assignment Precision Machines
Part 1 (annotated bibliography and excel calculation)
38. FOR MORE CLASSES VISIT
www.fin370genius.com
This Tutorial contains both annonated bibliography and excel file FIN
370 Week 3 Team Assignment Precision Machines Part 1 Precision
Machines is preparing a financial plan for the next six months to
determine the financial needs of the company.
Costco Wholesale Corporation
If we look at the financial statements of the company we can find
that the company is financially strong. Its strength are:
1. It has enough amount of current asset to repay its current
liability. The current ratio of the company 8.18 indicates that
the company has $8.18 liquid asset to repay its $1 of current
liability.
2. The operating cost of the company is increasing because the
company is able to reduce its expenses.
3. Cash from operating activity has increased for the company.
Apart from this strength the company also has some weakness in its
financial statement:
(i) Increasing inventory indicates that the company inventory
conversion period is increasing.
(ii) The cash from investing activity shows that the company
cash outflow is more in the short term investment i.e. in non
operating activity.
(iii) The overall has for the year 2008 has declined for the
company.
Net Income:
39. If we look at the trend in net income of the company we can find that
the company net income looks fluctuating but it has improved it net
income in 2008 as compared to 2007.
Debt ratio as a percentage of total assets:
If we look at the debt ratio as percent of total asset we can find that
the debt ratio is declining in 2008 as compared to 2007 i.e. the
company is increasing equity to finance debt.
Debt as a percentage of total equity:
$950,000
$1,000,000
$1,050,000
$1,100,000
$1,150,000
$1,200,000
$1,250,000
$1,300,000
2006 2007 2008
Net Income
Net Income
54.90%
55.00%
55.10%
55.20%
55.30%
55.40%
55.50%
55.60%
55.70%
55.80%
2007 2008
Debt ratio as percent of total asset
Debt ratio as percent
of total asset
40. As we can see that the debt as percent of total equity is declining in
2008 as compared to 2007 i.e. the company is increasing equity in its
capital structure.
As we can see that there is nothing negative in 2008 for the company
and this is the reason it has positive trend as compared to 2007.
Hence there is no need to correct anything for the company.
--------------------------------------------
FIN 370 Week 4 Cash Flow AnalysisFrank Smith
Plumbing (calculation and 2 Papers)
FOR MORE CLASSES VISIT
www.fin370genius.com
This tutorial includes both calculation and 2 Papers FIN 370 Week 4
Cash Flow Analysis Analyze the case study, Week 1 DQ 1
Due Tuesday, Day 2
Go to the U.S. Securities and Exchange Commission’s Web site
at http://www.sec.gov and the Financial Accounting Standards
122.50%
123.00%
123.50%
124.00%
124.50%
125.00%
125.50%
126.00%
126.50%
127.00%
2007 2008
Debt as percent of total equity
Debt as percent of
total equity
41. Board’s Web site athttp://www.fasb.org. Identify the mission and
main activities of each organization. Then, analyze the similarities
and differences between the roles of each entity. Which entity has
more influence over financial statement reporting? Explain your
answer.
According to the SEC website their mission is to protect investors,
maintain fair, orderly, and efficient markets, and facilitate capital
formation. The SEC also requires public companies to disclose
meaningful financial and other information to the public. This
provides a common pool of knowledge for all investors to use to
judge for themselves whether to buy, sell, or hold a particular
security. The SEC is concerned primarily with promoting the
disclosure of important market-related information, maintaining fair
dealing, and protecting against fraud.
According to the FASB website the mission of the FASB is to establish
and improve standards of financial accounting and reporting that
foster financial reporting by nongovernmental entities that provides
decision-useful information to investors and other users of financial
reports. Since 1973, the Financial Accounting Standards Board (FASB)
has been the designated organization in the private sector for
establishing standards of financial accounting that govern the
preparation of financial reports by nongovernmental entities
The major difference in the SEC and the FASB is that the SEC deals
with reporting of financial statements for all industries while the
FASB deals mainly with the private nongovernmental entities. Both
are concerned with the fairness of financial reports and work in the
interest of the public. I believe that the SEC has more influence over
financial statement reporting because they can bring civil action
against companies and individuals for violations of securities laws.
42. Although according to the FASB website, “the Commission’s policy
has been to rely on the private sector for this function to the extent
that the private sector demonstrates ability to fulfill the responsibility
in the public interest.
Response 2
Go to the U.S. Securities and Exchange Commission’s Web site
at http://www.sec.gov and the Financial Accounting Standards
Board’s Web site athttp://www.fasb.org. Identify the mission and
main activities of each organization. Then, analyze the similarities
and differences between the roles of each entity. Which entity has
more influence over financial statement reporting? Explain your
answer.
U.S. Securities and Exchange Commission (SEC)
According to the SEC’s website “The mission of the U.S. Securities
and Exchange Commission is to protect investors, maintain fair,
orderly, and efficient markets, and facilitate capital formation”(U.S.
Securities and Exchange Commission, 2010, Para. 1).
The main activities of the SEC are to interpret federal securities
laws; issue new rules and amend existing rules; oversee the
inspection of securities firms, brokers, investment advisers, and
ratings agencies; oversee private regulatory organizations in the
securities, accounting, and auditing fields; and coordinate U.S.
securities regulation with federal, state, and foreign authorities. (U.S.
Securities and Exchange Commission, 2010)
Financial Accounting Standards Board (FASB)
According to the FASB’s website “The mission of the FASB is to
establish and improve standards of financial accounting and
43. reporting that foster financial reporting by nongovernmental entities
that provides decision-useful information to investors and other users
of financial reports. That mission is accomplished through a
comprehensive and independent process that encourages broad
participation, objectively considers all stakeholder views, and is
subject to oversight by the Financial Accounting Foundation’s Board
of Trustees” (Financial Accounting Standards Board, n.d., Para. 3).
The main activities of the FASB are to identify financial reporting
issues based on requests/recommendations from stakeholders or
through other means. The FASB Chairman decides whether to add a
project to the technical agenda, after consultation with FASB
Members and others as appropriate, and subject to oversight by the
Foundation's Board of Trustees. The Board deliberates at one or more
public meetings the various reporting issues identified and analyzed
by the staff. The Board issues an Exposure Draft to solicit broad
stakeholder input. (In some projects, the Board may issue a
Discussion Paper to obtain input in the early stages of a project) The
Board holds a public roundtable meeting on the Exposure Draft, if
necessary. The staff analyzes comment letters, public roundtable
discussion, and any other information obtained through due process
activities. The Board redeliberates the proposed provisions, carefully
considering the stakeholder input received, at one or more public
meetings. The Board issues an Accounting Standards Update
describing amendments to the Accounting Standards Codification
(Financial Accounting Standards Board, n.d.).
Both the SEC and the FASB have the same goals of fairness,
accuracy, and understandability of financial accounting and
reporting. Both agenecys accomplish these goals in the best interest
of the overall public.
The differences between the SEC and the FASB is that the FASB
regulates financial reporting in the private sector of businesses (but
44. are subject to the rules and regulations of the SEC) and the SEC deals
with regulating the financial reporting of publicly held corporations.
I believe that the SEC has the greatest influence over financial
statements reporting because they have the final approval on all
changes of the rules and regulations. The Sec can also bring civil or
administrative enforcement actions against individuals and
companies in violation of the securities laws.
References
Financial Accounting Standards Board. (n.d.). Facts about FASB.
Retrieved July 15, 2010, from Financial Accounting Standards
Board:http://www.fasb.org/facts/index.shtml#mission
U.S. Securities and Exchange Commission. (2010, May 3). The
Investors Advocate: How the SEC Protects Investors, Maintains
Market Integrity, and Facilitates Capital Formation. Retrieved July 15,
2010, from U.S. Securities and Exchange
Commission: http://www.sec.gov/about/whatwedo.shtml
Week 1 DQ 2
Due Thursday, Day 4
Search the Internet or the Online Library for information about the
Sarbanes-Oxley Act. A useful guide to some of these provisions is
located at http://www.soxlaw.com. Summarize at least two provisions
45. of the law, and discuss your interpretation of these provisions with
your classmates. Do you think this law will make financial statements
more reliable? Also, discuss how Sarbanes-Oxley establishes
boundaries to ensure ethical practices. What does the law allow or
prohibit, and why?
The Sarbanes-Oxley act has many provisions to give companies
guidelines for responsible, and ethical financial reporting. One of
those provisions is listed in Section 302 of the act. The provision is
that periodic statutory financial reports be certified that signing
officers have reviewed the reports, the report does not contain any
untrue, or misleading information. The financial statements fairly
present the financial condition. The signing officers are responsible
for internal controls. A list of all deficiencies in internal controls, and
a list of fraud involving employees, and anything that could
negatively affect the internal controls.
Another provision pertains to the "management assessment of
internal controls". This provision ensures that information is
published in annual reports regarding the adequacy of internal
controls, structure and procedures.
The Sarbanes-Oxley act is designed to help companies promote
ethical accounting procedures. The act gives guidelines as to how
financial statements are reported. The act requires verification that
officers within the company have checked the information in the
reports for accuracy and true. The act also requires that the
companies have internal controls in place to ensure ethical reporting
practices. The main thing that the Sarbanes-Oxley promotes is
transparency in reporting.
46. Response 2
Section 802 of the Sarbanes-Oxley Law defines the penalties that may
be assessed against individuals who failed to comply with the Act. An
individual could be subject to 20 years in jail for altering, destroying,
mutilating, concealing, falsifying records, documents or tangible
objects. Guilt is define by the intent to impede a legal
investigation. This part of the law gets to the heart of how Arthur
Anderson reacted by destroying documents important to
Worldcom. The law further defines that any accountant who
knowingly violates their ethics by wilfully violates the requirements of
maintenance of all audit or review papers. These papers are subject
to review up to five years.
The second Section that I reviewed was the Section 302. This actually
is my favorite part of the law because it directly holds the officers and
directors accountable for the accuracy of reporting in their financial
statements. It defines that the management must review and
understand the financial statements and sign that they are true and
accurate. It also holds the management accountable for the internal
controls, requiring any deficiencies to be reported. In the past
directors of companies relied heavily on the internal officers,
management, to report the company performance without
questioning the accuracy or taking their role on oversight committees
seriously. They could hide behind a veil of trust of the key
leaders. This Section clearly puts the responsibility for the Board to
remain independent of the executives and function more effectively
on the respective oversight committees they serve. The example I
would share is what happened in WorldCom. The company leaders
shared what they wanted to with the Board, who trusted implicitly
the top leaders. Had they questioned their legal representation or
auditors, they potentially could have uncovered the fraud that was
47. committed by the creation of shell companies, with WorldCom
employees as stockholders.
I would love to think this law would protect the investing
community. Financial reporting has improved to some
extent. Unfortunately the scams still continue. Example would be
Barney Madoff or what happened in the financial mortgage
industry. These unethical practices were conducted after Sarbanes
Oxley was implemented. Madoff was able to provide false financial
information to investors. Financial industry was allowed to get to
aggressive in underwriting and product suite. Fines and penalties are
deterrents. Ethics still must be inherent in an individual and
company. Laws and requirements are a guide. There will never be
enough auditors, inspectors or oversight boards to catch all of the
fraud in the corporate community.
The law prohibits falsifying information, failing to notify of material
changes, and destruction of records.
--------------------------------------------
FIN 370 Week 5 Team Assignment Precision Machines
Part 2 (Cash Budget and Strategic Analysis)
FOR MORE CLASSES VISIT
www.fin370genius.com
FIN 370 Week 5 Precision Machines Part 2 Note: There are two parts
to this learning team assignment; Part 1 was completed in Week 3.
Lucent Technologies
Axia College of University of Phoenix
48. Lucent Technologies is a company based on networking for service
providers, government, and enterprises worldwide (Lucent
Technologies, n.d., Para 1). The products and services they work with
are separated into three categories; service and maintenance,
wireless mobility networking, and wire line networking. Lucent
Technologies is backed by Bell Labs, which does research and
development in networking technologies.
During the years of 2001 to 2003 this company has experienced a
decrease in demand because of other companies’ loss or capital used
toward spending. This is mainly due to a downturn in the economy.
As an investor this information is necessary to know because it
explains the decrease or increase in sections of the balance sheet. In
order to compare the growth or decline of the company’s profit, an
investor must change a balance sheet into a common-size balance
sheet. First when looking at the balance sheet an investor will see
that the amount of paid in capital has increased from the year of
2003 to 2004, the assets have increased, but the liabilities have
decreased. When running a debt/asset ratio it is noticed that this
ratio drops from 1.2 in 2003 to 1.0 in 2004. This shows the company’s
risk is low when concerning financial leverage, usually when the debt
ratio is less than one percent it is financed mainly by company equity,
so this company is close to being debt free from creditors.
After changing the balance sheet to a common-size balance sheet
there are several factors an investor will look at. The current assets
have dropped to .48 from .49 in 2004. This does not show harm to
the company because only the accounts receivable dropped while the
rest of the current assets increased. This means the company is not in
as much danger of default on money owed to it. It does have a rise in
marketable securities. The one concern in the assets is the increase of
prepaid cost of pensions and goodwill. Goodwill can be used for tax
breaks but prepaid pensions cannot benefit the company.
49. When looking at the liabilities section an investor will see a drop in
pension and liabilities and an increase in long term debt, both of
these could be affected because of the drop in the economy. Long
term liabilities are often increased to help a company control interest
rate increases so as an investor cutting back on pension liabilities cuts
back cost to the company and watching interest rate increase show
the company is concerned with its earning and investors. This would
be encouraging or an investor. The stockholders deficit shows a drop
in accumulated deficits from -1.43 to -1.22 and total deficits of -.26 to
-.08. This shows the company is working to control any money loss
and turning it to the company’s advantage. Overall it shows the
company is still earning a profit although small. With an increase of
assets and a drop in liabilities the company is showing it is working in
a low risk capital.
After reviewing this information, a creditor or investor must be able
to compare this company to the industry totals. By comparing how
this company compares to other companies similar to it, a person can
see if it is competitive and worth taking a risk. Running ratios will also
show if the company is capable of paying off any debts it has or if it
can acquire the needed cash in case of emergencies. Overall as an
investor, I would say this company would be worth investing in.
Reference
Axia College. (2007). Understanding Financial Statements. Retrieved
May 10, 2010 from Axia College, Week 2 Assignment, ACC/230.