ACKNOWLEDGEMENT First of all‚ I would like to thank Almighty God for giving me the strength to do this SBA‚ Mrs. Clovetta Campbell and finally my Principles of Accounts teacher Ms. Williams who helped me along the way. AIMS OF THE BUSINESS The aim of the business is to achieve exposure of what goes on in the business world. The aim of this business is to also know how to prepare Accounting Ratios‚ how to operate a business and how to achieve customer satisfaction and to attain profit
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Direct Manufacturing Labour Utilisation and Cost Unit per Board Price per Unit Unit Wood 5 $30 Board feet Fiberglass 6 5 Yard Direct manufacturing labour 5 25 Hour The beginning cash balance for March‚ 2010‚ is $10‚000. On June 1‚ 2009 Slopes had a cash crunch and borrowed $30‚000 on a 6% one-year note with interest payable monthly. The note is due June 1‚ 2010. Using the information provided‚ you will need to determine whether Slopes will be in a
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MANAGEMENT OF THE CASH POSITION by Bernie J. Grablowsky Modem cash management methods‚ especially those usually presented in college textbooks and classrooms‚ are generally neither understood by most small-business managers nor applicable to the vast majority of their businesses. Not only do these managers often have difficulty in comprehending sophisticated forecasting techniques‚ but the cash flows of their companies are usually dependent upon fewer customers and a smaller number of product lines
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Question 1 a) Identify three accounts on the balance sheet of Sun Hung Kai that represent tangible assets? Fixed assets‚ Investment properties‚ Properties for sale. b) What are the differences among these accounts? Fixed assets: Known as a non-current asset or as property‚ plant‚ and equipment‚ is a term used in accounting for assets and property which cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts‚ which are described as liquid
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How to Calculate Cash Flow 172‚955 views 7 Editors Edited 3 days ago One Methods:Calculating Cash Flow Cash flow is the incoming and outgoing stream of money in a business. If you’re starting your own company or doing a job in accounting or finance‚ you can get an idea how to calculate cash flow by understanding these methods. Cash flows are divided into three categories: operational‚ financing‚ and investment. Calculating Cash Flow 1. 1 Figure out the net cash flow from operating activities. This
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4 An Overview of Financial Statement Analysis Chapter 5 Analysis of Liquidity and Activity Chapter 6 Analysis of Solvency and Capital Structure Chapter 7 Profitability Analysis Chapter 8 Market Strength and Overall Evaluation Chapter 9 Analysis of Cash Flows Chapter 10 Interim Statements and Segment Analysis GLOSSARY 3 PREFACE Analysis and Uses of Financial Statements is designed for interested parties who must understand how to read‚ interpret‚ and analyze financial statements. This course
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Accounting Project SHAREHOLDER’S FUNDS Shareholders’ funds are the balance sheet value of the shareholders’ interest in a company. For company (as opposed to group) accounts it is simply all assets less all liabilities. For consolidated group accounts the value of minority interests should also be excluded. The addition of minority interests gives us “shareholders’ fund including minority interests”. A further adjustment gives us total equity. SHARE CAPITAL The capital collected by a joint
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Malaysia- Cash Basis Accounting Revenue is only recorded when the cash is actually exchanged for example‚ when revenue is received as cash and when expenses are actually paid. http://www.quora.com/What-are-the-differences-between-cash-basis-and-accrual-basis-accounting Why government used the cash basis of accounting? Easy to learn and carry out and requires care but no special accounting skills. Well-adapted to needs of budgetary control and payment is more ascertain. Strict budget control can
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Ways to Prevent Overdue Accounts Want to improve the way you run your business? For any company‚ having overdue accounts wreak havoc on cash flow and liquid assets. In a small business‚ tracking down the guilty parties is both a financial and physical drain. It’s easy to say "don’t do business with deadbeats"‚ but the realities of things are much more complex. Most firms bring in collection agencies for debt. Be sure to find out: • How information about delinquent accounts will be transferred to
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balance shown on the bank statement failed to agree with the balance shown on the cash book. Upon investigation‚ the following were discovered: (i) Interest of $8‚500 had been debited by the bank but had not been recorded in the cash book. (ii) Cheques amounting to $100‚000 had been issued but not yet been presented to the bank for payment. (iii) A standing order of electricity of $720 had not been recorded in the cash book. (iv) Lodgements not yet recorded by the bank amounted to $124‚780.
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