| | |Job Profile : Looking after the overall accounts work of the College & reporting it to CEO/ The Director of the | | |College. | | |Maintenance of Various ledger accounts. | |
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JOB DESCRIPTION PURPOSE OF THE POSITION The Accounts Receivable Clerk is responsible for providing financial‚ administrative and clerical services in order to ensure effective‚ efficient and accurate financial and administrative OPERATIONS: The Accounts Receivable Clerk must comply with established policies and procedures. SCOPE The Accounts Receivable Clerk reports to the Assistant Senior Administrative Officer and is responsible for providing financial‚ administrative and clerical services
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(na=a-l) | 3. Transaction‚ * t-account * | Any activity that causes an increase in assets‚ anything credit or debit that is recorded | 4. General ledger * | * Record of all financial transactions | 5. Debit | * All entries on left side of a t account; increase in assets or decrease in liabilities | 6. Credit | * All entries on right side of a t account; increase in assets | 7. Account balance | * The total of a t account once all the credits and debits have
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which should be invested to earn interest in either the short-term money market‚ in a fixed term deposit‚ in government stock or in an investment account (rather than a cheque account) • To control by comparing actual figures to budgeted figures‚ ensuring costs are kept within target levels • To show if there is a problem with collection of accounts receivable • To show when shortages of funds may occur • To allow the business to seek the best source of funds and minimise interest
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Case 3.1 1. What alternatives are available to Brent in regards to the audit of payables? What are the pros and cons of each alternative? a. One alternative that Brent go do is ask the accountant from Northwest Steel Producers to pull the needed invoices and have them ready in a reasonable time period for review. By doing this it would save Brent time from searching for specific invoices and leave him more time to focus on other audit issues. b. Brent could do as subjected and only
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and stable ratios.1 The management case reveals slight decreases in Current and Quick ratios as well as slight increases in Total Liability to Total Assets and Total Liability to Equity do to the increase in Bank Loans Payable from the forecasted loan for the warehouse.2 Accounts
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Star River Electronics Ltd. Team 14 Constantine Brocoum Courtney Delia Stephanie Doherty David Dubois Radu Oprea December 19th‚ 2009 Contents Objectives 1 Management Summary 1 Financial Health 1 Financial Forecast for 2002 and 2003 3 Key Driver Assumptions 5 Star River WACC 5 Free Cash Flows of the Packaging Machine Investment 7 Appendices 7 i. Objectives This report seeks to answer the following five questions about Star River Electronics Ltd.: 1. Assess the current
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Business Plan Gary Reeves Studio Upholstery 6810 W. Cheyenne Las Vegas Nevada‚ 89108 (702)-380-8468 office Table of Contents Table of Contents 2 Executive Summary General Company Description 4 Products and Services 7 Marketing Plan 8 Operational Plan 15 Management and Organization 20 Personal Financial Statement
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allow yourselves to expand your thinking and analysis of this case. 1. How did Mehta construct his financial forecast? Using the financial forecast‚ prepare to show the “cash cycle” of the firm (i.e.‚ the flow of funds through the working-capital accounts of the firm). 2. Examine the exhibits in the case. On the basis of Mehta’s forecast‚ how much debt will Kota need to arrange for the coming year? Will Kota be able to repay the line of credit this year? 3. Why do Kota’s financial requirements vary
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approved for payment‚ and that receiving reports and purchase orders are all attached (occurrence). 3. To determine that postings to the cash disbursements journal are properly summarized and posted to the general ledger and are posted to the accounts payable master file (posting and summarization) 4. To determine that all check numbers are included to the cash disbursements journal‚ no check number is included more than once and voided checks are accounted for (completeness and occurrence).
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