Control of Cash Receipts Internal control of cash receipts ensures that cash received is properly recorded and deposited. Cash receipts can arise from transactions such as collections of customer accounts‚ receipts of interest earned‚ bank loans‚ sales of assets‚ and owner investments. The two important types of cash receipts are: Over-the-Counter Cash Receipts For purposes of internal control‚ over-the-counter cash receipts from sales should be recorded on a cash register at the time of each
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FIRST SEMESTER 2012/2013 (A121) CHAPTER 2-FINANCIAL STATEMENT AND CASH FLOWS Section A Please circle TRUE or FALSE to the following statements. 1) An income statement reports a firm’s cumulative revenues and expenses from the inception of the firm through the income statement date. Answer: FALSE 2) A firm’s income statement reports the results from operating the business for a period of time‚ while the firm’s balance sheet provides a snapshot of the firm’s financial position at a specific
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CASH FLOW STATEMENT and its ANALYSIS Cash flow statement • A cash flow statement presents information about the cash flows associated with the company’s main operations and those associated with its investing and financing activities of the period • A cash flow statement functions in conjunction with both the income statement (performance dimension) and the balance sheet (financial position) • IAS 7 Cash Flow Statements Statement of Cash Flows • Provides information about cash inflows and outflows
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Bell‚ Rajendran & Theiler: Job stress‚ wellbeing and work-life balance of academics. 25 Job Stress‚ Wellbeing‚ Work-Life Balance and Work-Life Conflict Among Australian Academics Amanda S. Bell (amanda.bell@monash.edu) Faculty of Education‚ Monash University‚ Building 6‚ Clayton Campus‚ Wellington Road‚ Clayton 3168‚ Australia Diana Rajendran (drajendran@swin.edu.au) Faculty of Higher Education‚ Swinburne University of Technology‚ Melba Avenue‚ Lilydale 3140‚ Australia Stephen Theiler
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Control of Cash Disbursements Control of cash disbursements is important for companies as most large thefts occur from payment of fictitious invoices. One key to controlling cash disbursements is to require all expenditures to be made by check. The only exception is small payments made from petty cash. Another key is to deny access to the accounting records to anyone other than the owner who has the authority to sign checks. A small business owner often signs checks and knows from personal contact
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AFVB-RFB-SOP 8 February 2014 MEMORANDUM FOR RECORD 1. PURPOSE This SOP defines how 3rd Platoon will conduct clearing‚ disassembling‚ cleaning‚ inspection for serviceability‚ and lubricating and reassembling of the M4 and/or the M4A1 carbine on a weekly basis. 2. APPLICABILITY: 3rd Platoon‚ C Co‚ 1-36th IN‚ 1ST SBCT‚ 1ST AD 3. REFERENCES: Lubricate order (LO); STP 21–1–SMCT; TM 9–1005–319–10;
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Direct and Indirect Cash Flows XACC/291 Shontell Chrisman October 30‚ 2013 Direct and Indirect Cash Flows The direct and indirect presentations of cash flows both reach the same conclusions‚ however‚ the way that the conclusions are reached are different. The direct method reports everything that involves cash‚ and the indirect method reports for items that do not affect cash. A direct statement of cash flow reports a company ’s sources and use of cash. The statement has three
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Work/Life Balance – Challenges and Solutions: In a society filled with conflicting responsibilities and commitments‚ work/life balance has become a predominant issue in the workplace. Three major factors contribute to the interest in‚ and the importance of‚ serious consideration of work/life balance: 1) global competition; 2) renewed interest in personal lives/family values; and 3) an aging workforce. Research suggests that forward-thinking human resource professionals seeking innovative ways to
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following? A. conjoining B. aggregation C. conglomeration D. appropriation E. summation 3. Which one of the following terms is applied to the financial planning method which uses the projected sales level as the basis for determining changes in balance sheet and income statement account values? A. percentage of sales method B. sales dilution method C. sales reconciliation method D. common-size method E. trend method 4. Which one of the following terms is defined as dividends paid expressed
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m. evening before discussion Be prepared to discuss the case in class (your answers‚ your analysis‚ etc.) 1 Valuation - Use NPV approach How to make investment decisions: 1. Estimate (expected) cash flows in each time period 2. Choose an appropriate discount rate 3. Use discounted cash flow analysis to calculate NPV 4. Make decision that maximizes NPV Fundamental principle: V(A+B)>V(A)+V(B) Value driver:1)Eliminate overhead 3) Leveragen brom dname Pay its=D(P)(P-VC)-FC V(Pinkerton
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