EXECUTIVE SUMMARY The purpose of writing this report is to analyse and to compare relevance of data of the ARI (ARRIUM LIMITED) with the context of various financial ratios and to give suitable recommendation to potential new investor UNO Super fund Management. Discussion of the topic starts with the core business of the company with the all financial background. The report also summarise the way the fund generated by the company and the capital investment by the company. The nucleus of the report
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effects of transactions using the accrual method of accounting. Prepare general journal entries using an Excel spreadsheet to record the transactions listed below for the Spade Company. Use the following chart of accounts: Cash Accounts receivable Office supplies Office equipment Accounts payable K. Spade‚ capital K. Spade‚ withdrawals Fees earned Rent expense Use the letters beside each transaction to identify your entries: 1. Kacy Spade‚ owner‚ invested $10‚750 cash in the company.
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The Laramie account is a big account. It is a big account because this is the first time they are having a full-scale audit of their financial statements and they are planning to go public and become an initial public offering (IPO). Since this is our first time this is happening we have to very careful with the analytical procedures. Analytical procedures are reasonableness test auditors compare their estimates of account balances with those recorded by management. Analytical procedures must be
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Classify transactions using the rules of debit and credit. 3. Which accounts have a normal credit balance? a. Assets and expenses b. Liabilities and expenses c. Assets and revenue d. Liabilities and revenue 4. A debit entry may indicate which of the following: a. An increase in an asset account b. A decrease in an asset account c. An increase in a liability account d. An increase in a capital account Objective: Journalize basic transactions. 5. ABC Corporation records
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Cash Account Statement Cash Flow – Direct Statement Cash Flow – Indirect Statement Journal Entries for Marion Boats Date Transaction Debit Credit 1-Oct-05 Fred purchased 1‚800 shares of the company’s stock for $72‚000 and Bill purchased 500 shares for $20‚000. Total invested $92‚000 Cash 92‚000 Owners’ Equity 92000 1-Oct-05 Paid legal services fee 800$ divided between the two. Leaving initial investment to be $91‚200. Cash 800 Owners’ Equity 800 1-Nov-05 Bank loan of $40‚000 Accounts Payable
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Add: ADVANCE \r 1 Net income 4‚300 4‚300 Less: Dividends 1‚700 Retained earnings‚ May 31$2‚600 Special Delivery Balance Sheet May 31‚ 2012 Assets Cash$ 15‚800 Accounts receivable 6‚200 Equipment 56‚000 Total assets$78‚000 Liabilities and Stockholders’ Equity Liabilities Notes payable$28‚000 Accounts payable 2‚400 Total liabilities$30‚400 Stockholders’ equity Common stock 45‚000 Retained earnings 2‚600 47‚600 Total liabilities and stockholders’ equity$78‚000 (b)Special
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The Fundamentals of Working Capital Management Working Capital refers to the company’s current or short-lived assets. This includes cash‚ marketable securities‚ notes receivable‚ account receivable‚ inventories and other current assets. Non-current assets are referred to as capital assets. These are long-term assets and are mostly depreciable in nature. In evaluating an investment in capital assets‚ the future cash flows‚ the risk of those cash flows as well as the opportunity cost of the funds
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columns compute the net income (or net loss)‚ and complete the worksheet. 6. Identify the account(s) debited and credited in each of the four closing entries‚ assuming company has net income for the year. 1. Debit each revenue account for its balance‚ and credit Income Summary for total revenues. 2. Debit Income Summary for total expenses‚ and credit each expense account for its balance. 3. Debit Income Summary and credit Owner’s Capital for the amount of net
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Date: 19 Jan 1:30:27 From: Dennis Reese Subject: Revenue Cycle Problems I have looked over Bradley’s report and yes we do have some issues with the Sales‚ and Account Receivables. The fourth quarter deviations overstated are the worst because they can have the most effect on the Financial Statements. The controls need to be more uniform as Bradley stated because then they would even out through the months instead of hitting us mostly on the fourth quarter. The company reports financial
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capable of handling all interrelated processes‚ including: completion of all related forms; development‚ organization and maintenance of files; creation of master lists and other special reports; fee assessments and balances; departmentalized accounts receivable reports; class schedules; and record updates.Computer generated enrollment solutions afford students choices like options for payment 24/7 that can benefit the whole operation. Systems typically include data protection and backup frameworks
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