Reporting 5 Usefulness of Information produced 6 Conclusion 7 Appendix A: Reference 8 EXCEL VS. SAGE LINE 50 Introduction Ease of Use Other than sales‚ purchases and expenses being keyed in for Sage has more systematic approach than Excel as it has a flow for the user to trail. Another advantage of Sage would be the handling of stock which stock inflow and outflow could be track with the system compare to Excel which has database to trail stock. As from MTT has a problem with the stock as there
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FIN 320 EXCEL SHEET Problems Please solve the problems below using an excel sheet and the excel functions. 1) (15 pts) A firm is considering a project with an initial investment of $170‚000 and required return of 12%. The following cash flows are expected over the 8year life span of the project: Year Cash flows 1 35‚300 2 46‚200 3 50‚000 4 22‚620 5 15‚100 6 5‚200 7 11‚740 8 89‚300 a) Calculate the Net Present Value (NPV) of the project. Should the
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DISCUSSION: After using both languages‚ Microsoft Excel and MATLAB (MATrix LABoratory)‚ on the same module experiments from 1 to 4‚ I observed the following: * For Microsoft excel‚ * It uses spreadsheet application where each elements or data values are distributed in cells. * Most statistical computations are easy to solve due to the manner of data organization where data are inserted on cells arranged in numbered rows and letter-named columns. * It is easy to plot
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soap bar to wash clothes. Surf offered them significantly better clean‚ with much less effort. The promise of ‘Superlative Whiteness’ – the Articulation of a great clean at the time connected with consumers and helped to establish the Brand. Surf Excel was the first national detergent Brand on TV. The Advertisement Message:- The advertisement features a brother and sister duo walking home from school‚when the little girl falls into a puddle of mud. Crying‚ she looks to her brother for help
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To make a line break in a cell (not everything fits well within a cell) -type first part then press alt+enter and then type the rest‚ it’ll put the rest on second line when you hit enter In a cell the number ’1’ is equivelent to 100% Excel stores dates as serial numbers starting at 1 (which is January 1‚ 1900) so 9/15/2012 is 41167 (the number of days from 1/1/1900 to 9/15/2012) To adjust colum width (the horizontal measurement of a column) -Click "Format" in cells group (on Home
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History of Indian Budget India’s first Finance Minister Sir R.K. Shanmugham Chetty‚ presented the first Finance Budget of independent India on November 26‚ 1947. Since then‚ 28 differentUnion Finance Ministers have been presenting the budget year after year. Initially‚ major attention was paid towards the agriculture sector but as the economy evolved‚ the focus shifted from agriculture to other sectors like industrial‚ financial etc. During the early the fifties‚ Indian budget highlights revolved
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Traditional Budget Accounting…………………………………...……… pg 3 1.Taxonomy of Chinese Accounting……..…………….......................... pg 3 1.1 The Domain of Budget Accounting……….…………...………... .pg 3 1.2 Chinese units……………………………………………………... pg 4 2. Public Financial Management Process……………………..……….. pg 4 Conventional Budget Accounting …………………………………………pg 5 1. Overall and Unit Budgets…………………….…………………….. pg 5 2. Characteristics of the Chinese Budget Accounting
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BUDGET According to CIMA ‚ Official Terminology “A budget is a financial and /or quantitative prepared prior to a defined period of time ‚ of the policy to be pursued during that period for the purpose of attaining a given objective.” In the words of Crown and Howard ‚ “ A budget is a pre- determined statement of management policy during a given period which provides a standard for comparison with the results actually achieved.” BUDGETRY CONTROL Budgetary control is the process of determining
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Introduction to budget A budget is a financial plan for business‚ prepared in advance. It is defined by cima as ‘a plan expressed in money’. Cash flow forecasting is the process of estimating cash inflows and cash outflows over a period of time‚ usually for a period of 1 year. Cash Budget is the process of estimating cash inflows and cash outflows over a period of time‚ usually prepared monthly. Cash flows is the amount of money flowing into and out of a business over a period of time. Cash inflows
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Unit 330 Agree a Budget Before developing a draft budget I have the previous financial year’s budget‚ income statements and the cash flow for my consideration within the future budget. It was really helpful although the new orders are due within the next year and I had to recalculate income and variable expenses. I have prepared a list of all the incomes and expenses and put them together to use as estimations for developing a draft budget. This list should always be prepared before the start
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