$48‚000 $66‚000 Δ Bad debt expense (on incremental sales only) Policy one 1.75% ($800‚000) (14‚000) New policy 2.0% ($1‚100‚000) (22‚000) Δ Investment in accounts receivable (incremental sales only) Policy one $800‚000 × 50/365 = $109‚589 Policy two $1‚100‚000 x 65/365 = $195‚890 Δ Opportunity benefit on investment in accounts receivable at 16% Policy one: $109‚589 × 16% = (17‚534) Policy two: $195‚840 × 16% = (31‚342) Total incremental change $ 16‚466 $ 12‚658
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well-known accounting system in which the accounts are integrated and only a single set of accounts are maintained‚ basically it avoids maintenance of accounts under cost accounting & financial accounting. This allow a secure to remove separate profit & loss accounts under financial accounting and costing accounting systems & only one profit & loss accounts are prepared. Integrated accounting system is a package for multivalued database system. Integrated accounting system contains of a number
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Original Work please INTEGRATED CASE APPLICATION –PINNACLE MANUFACTURING: PART II 9-37 (Objectives 9-7‚ 9-8) In Part I of the case‚ you performed preliminary analytical procedures for Pinnacle (pp. 245–247). The purpose of Part II is to identify factors influencing risks and the relationship of risks to audit evidence. During the planning phase of the audit‚ you met with Pinnacle’s management team and performed other planning activities. You encounter the following situations that you believe
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Faculty of Business Studies BE-210 TMA-1 DUE DATE 26th December Part A: Essay Questions (25) 1. Define accounting. Accounting is the information system that measures business activity‚ progress the data into reports and communicates the results to decision makers. And accounting is the language of business. The better you understand the language of business the better you can manage your own business. For example‚ how will you decide whether or not to borrow money? You
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inventory conversion period‚ a firm could face inventory shortages; when reducing the receivable collection period a firm could lose its good credit customers; and when lengthening the payable deferral period a firm could harm it’s own credit reputation. However‚ identifying optimal levels of inventory‚ receivables‚ and payables where total holding and opportunities cost are minimized and recalculating the cash conversion cycle according to these optimal points provides more complete and accurate insights
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MANAGING DIRECTOR MANAGING DIRECTOR X SERCVICE FACILTY MANAGER SERCVICE FACILTY MANAGER ACCOUNTS DEPARTMENT MANAGER ACCOUNTS DEPARTMENT MANAGER BOOKEEPER/ ACCOUNTANT BOOKEEPER/ ACCOUNTANT ACCOUNTS PAYABLE/PAYROLL ACCOUNTS PAYABLE/PAYROLL CUSTOMER SERVICE OFFICE CUSTOMER SERVICE OFFICE ACCOUNTS RECIEVABLE ACCOUNTS RECIEVABLE ORGANISATION STRUTURE OVER VIEW CHEN & LEE is a tax firm established in 2000.Firm Is a comprised of two managaing
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Term Paper On “Accounting Procedures in educational Institution in Banlgladesh “ North South University (NSU)” Supervised by: Shapon Kumar Paul Associate Professor Department Of Accounting Govt. Bangla College‚ Dhaka Prepared by: Md. Bellal Hossain Bapari BBA (Honours)‚ 2nd Year. Roll. 9593910 Department. of Accounting Govt. Bangla College‚ Dhaka. Date of submission: Govt. Bangla College‚ Dhaka Letter of Transmittal Date. To Supervisor Shapon Kumar Paul Associate Professor Department
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administration‚ purchasing‚ maintaining accounts payable and managing office operations. The Finance Officer must work within the Financial Management Act‚ Municipal policies and procedures and in compliance with all Territorial Acts and Legislation. Failure to provide adequate services may result in lost or misused revenues‚ inaccurate financial statements and financial hardships for employees‚ contractors and suppliers if the payroll and/or accounts payables are not processed in an accurate and timely
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e-invoicing creates efficiencies in accounts payable‚ show your CFO the real ROI. McLean‚ VA - Corcentric‚ a leading provider of Accounts Payable automation and e-invoicing solutions‚ knows that sometimes the main obstacle to implementing an AP workflow automation solution is convincing the CFO that the benefits outweigh the costs. Corcentric cites a recently published survey which indicates that CFO’s make cutting costs their highest priority and upgrading systems and processes among their lowest
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against the GST collected on supplies * Any business which is registered for GST typically has two accounts: * GST collection (GST payable in the GST legislation) for any GST received or receivable by the entity from its customers. This is what the company “owes” to the government. Therefore‚ it a liability * GST Outlays (GST credit in the GST legislation) for any GST paid or payable by the entity to its suppliers. This is what the entity can claim as a refund from the government.
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