...COVER LETTER Dear Sir/Madam, I have Over 6 years of experience in group financial accounting & Financial Management in varied industry area including month end and year end consolidated reports, balance sheet reconciliation, fixed asset maintenance, budgeting and forecasting, GST/BAS and payroll tax, cash flow reporting and variance analysis. As my resume highlights, I have expertise in range of accounting areas, including the following: * Reconciliation and expense reporting * Budget creation, cost analysis, and forecasting * Vendor relations * Accounts payable and accounts receivable * Financial statements and preparation * Business accounting process improvements * Month-end analysis and reconciliation * Non-profit accounting principles * Microsoft office and leading financial software * Reporting and documentation * General ledger audits and entries My key job responsibilities in my present capacity as senior accountant include, among others, the following: * Prepare and submit annual budget. * Audit expenses & adjust for allowable reimbursements. * Management of grant accounting activities; monitoring and submitting detailed reports of financial activities to grant donors; keeping a track of incoming funds and preparing monthly income statements vs. outgoing expenses spreadsheets. * Evaluate effectiveness of business processes and give recommendations for improvement...
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...Learning outcome (1): Understand the regulatory framework for financial reporting User needs: Accounting standards Board (ASBs) Statement of Principles INTRODUCTION This section of the unit discusses the qualitative characteristics of the financial statements and how it relates to the content and presentation of a financial statement. The second part of this paper sets out to assess the difficulty preparing a useful set of financial statements that exhibits the qualitative characteristics mentioned in the first part. Defining a financial report: A financial report is a written report which quantitatively describes the financial health of a company. Financial statements are usually compiled on a quarterly and annually basis . According to the Accounting Standards Board (1999), the objective of financial statement is to provide information on the reporting entity's financial position and performance that is useful to a wide range of users to assess the management and for decision making. Composition of a complete financial statement As per IAS 1 (international Accounting Standard), a complete set of financial statement comprises of: * A statement of financial position (balance sheet) * A statement of comprehensive income for the period (income statement) * A statement of cash flow * A statement of changes in equity * Notes comprising a summary of significant accounting policies and other explanatory information. * A statement of financial position (Balance sheet)...
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...__________________________________________________ CASE 2 : ROTH FINANCIAL ADVISORS ------------------------------------------------- | Table of Contents iNTRODUCTION 3 Case study 4 INTRODUCTION Roth Financial ADVISORS (RFA), founded nearly 10 years ago, is a financial services firm which has a diverse base of clients,some of them were quite sophisticated,financiallyand others were just starting to invest. As the firm grew, Hugo Roth, developed a reputation for training his associates and helping themselves in the finincial industry. RFA’s reputation ,had built a large number of customers, during its short life because of Hugo Roth’s personal reputation for honesty and fair dealing . Steve Johnson was a financial advisor in training for Roth Financial Advisors and was willing to take extra measures in order to learn more about financial services. His most recent task was to develop a presentation in regards to the different types of risks investors may come across when investing their money with Roth Financial. Steve’s task was to break down different types of risk into its simplest components and to figure out a way to show clients how risk was treated in financial markets and when making investments decisions. Hugo Roth has provided several sets of numbers for Steve to use in his presentation. The first set of numbers was a group of returns from different stocks which was classified by the type of economy. This could give a direction of what...
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...1. Definition According to Needle (2010) joint venture is two or more firms working together to achieve mutually beneficial objectives – e.g. sharing resources, R&D projects, setting up a third company with shared ownership. In this case – setting up a new company! AMC(American company)+ BAIC(Chinese company) = BJC (Beijing Jeep Corporation) AMC evolution: AMC- one of the smallest companies in the USA Chrysler bought AMC – one of the biggest companies(acquisition) Chrysler merged with Daimler(merger) 2. Advantages AMC | BAIC | Minimal finincial risk | Access to western technology (product and manufacturing) | Cost reduction | Vehicle with global brand and reputation | Profit: Parts(took control over supply)Hard currency(inelastic- does not change from environment) | Gaining R&D centre ( knowledge that is helpful for other industries) | Entry to an emerging market | Knowledge of management practices | Extnded life-cycle of an old product | Development of local supply chain | Learn about Chinese market | Learning about West and its businesses | Learn about Joint ventures | Job creation with hard currency levels | 3. Disadvantages The most appropriate way of looking at disadvantages is by using Medcoff’s (1997) ‘4Cs’ model for JV’s. 3.1 Compatibility * Highly Political nature of doing business in China was very frustruating for Chrysler and as their biggest problem: 2. Cumbersome bureaucracy 3. Having accept local...
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...and the contractor, additional specialist equipment/personnel, complaints of parties to the contract, quality standard enhanced, degradation of quality standards, optimum cost reduction, degradation of health and safety, and time reduction. The factor that ranked first is time overrun in his thesis conducted a field survey to identify main causes of variation orders, their effects on projects, and the control procedures suggested in huge and complex building projects in Saudi Arabia. He conclude that the owner is the major source of changes in huge building projects. This is because of several reasons. First, the owner was not involved in the design stage. Second, the owner did not understand the design. Third, it is due to owner finincial problems. He also noted that differing site conditions, value engineering, and technology changes rated low which might be particular to the environment in Saudi Arabia. invistigated the most significant causes that guiding to the variation orders in the construction of building projects in the States of Selangor Malaysia. Data was collected through questionnaires survey which was based on the literature reviews and also provisions in the ‘Persatuan Akitek Malaysia” (PAM 1998) standard form of building contract that are related with the variation orders. The data was analyzed by using mean score method and rank to conclude the findings. The result from questionnaires survey showed three most significant causes of variation orders which...
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...Retirement Plan Proposal and Communication Plan Debra Britton HRM/324 July 27, 2015 Douglas Lalama Retirement Plan Proposal and Communication Plan Now more than ever it is important that organizations offer some sort of retirement plan to its employees. The Social Security Administration reports that by the year 2033, Social Security funding will be depleted. Now is a good time to get younger employees thinking about the future and older employees to contribute to their not so distant retirement. Supporting retirement plans will not only attract qualified employees, but encourage longevity with the organization. However, the retirement plan must address specific organizational needs. There are three plans that could be offered that address those needs. * Defined benefit plans are company sponsered plans, “such as pension plans, in which a retired employee receives a specific amount based on salary history and years of service, and in which the employer bears the investment risk.” (InvestorGuideStaff, 2015) This plan can also state an exact dollar amount the employee will receive each month of retirement. “ Or, more commonly, it may calculate a benefit through a plan formula that considers such factors as salary and service-for example, 1 percent of average salary for the last 5 years of employment for every year of service with the employer.” (Perez, 2015) This plan is covered by, Employee Retirement Income Security Act (ERISA) with federal insurance through the,...
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...Week 09- Final Case Report Author Note: In 2000, Suneel Bakhshi was appointed the head of Citigroup’s CEEMEA sales and Trading division. Mr. Bakhshi developed a package that utilized their current information, personnel, and IT. The product provided their customers with a service that allowed them to effectually trade in global securities using real time information and communication at a lower cost. Not only did this knowledge help in trading, but it helped the company to provide excellent customer service which developed a trusting business relationship. Once traders began sharing trade information, CEEMEA began to realize an increase in profits by as much as 160%. Profits dropped in 2008 as the economy went into a recession e busted and the division had lost its top leadership. In more recent times, the division is working on restructuring once again, focusing on curtailing their products and services in emerging markets where 50% of profits are derived from. Citigroup CEEMEA has been in business since 1989. The CEEMEA was registered as a trademark in 1988 and it stands for Central & Eastern Europe, Middle East & Africa. They are a global leader in Web-based tools and diagnostics for validating business performance and information. In 2000, Citigroup CEEMEA division created a product package that offered a packaged product that helps their clientele to make educating decision in global trading using real time, accurate, and verifiable information...
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...CHAPTER - 1 INTRODUCTION 1.1 Background of the study 'Co-operative' refers to work together for common benefit. A co-operative organization is such an organization which is established by economically weak persons. This organization functions under their mutual co-operation of all the members. Specially, co-operative organization is such autonomous organization, which is established voluntarily by the group of persons for the fulfillment of the social, economical and cultural expectations with the democratic control and flow. If we analyze the history of it, we can find that it is the organization established by economically and socially exploited people from the rich businessmen. At the outset, the co-operative organization came into existence after the establishment of consumers co-operative society named as 'Rochdale society of equitable pioneers' in England by Robert Owen with the objective of saving poor people from economic exploitation, to eliminate the middlemen and to make the ideal society in October 24, 1944 A.D. After the establishment of it, such organizations were developed in Germany, Italy, France, and Japan in 1850 A.D. Sulj established a co-operative organization to save the farmers providing the loan at the lower rate of interest with the result of the development of co-operatives, International Co-operative Alliances were established in 1895 A.D. in England. "Co-operative is the form of organization in which persons voluntarily...
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...Letter of Submission To The dean Faculty of Business studies Department of Business Administration Premier University, Chittagong Subject: Submission of the term paper Sir, It gives me immense pleasure to submit my term paper on “Application of Accounting Standard” of “Bank Asia limited” which was assigned to me as a fulfillment of the degree “Bachelor of Business Administration”. I tried to extend the report to a successful one. In this case I used my knowledge gaining at the time of my graduation. While making this report I came across many experiences and I used all of my experience in making the report. Despite several constraints, I gave my all efforts to make this report a meaningful one. I hope you will get the report as informative and accept my report. Sincerely yours, Acknowledgement At the very beginning of my report, I would like to pay my worship and gratefulness to the praiseworthy Almighty Allah who graces me to accomplish this report. I would like to offer my gratitude to our honorable Dean Sir, Prof. Dr. Milan Kumar Bhattacharjee, who gave us the opportunity & also for his kind supervision and providing necessary guidelines in preparing this report. I am also thankful to Ali Arshad Chowdhury, Lecturer of “Premier University” , faculty of Business Studies. Who helped me in abundant conducts to make this report more meaningful. Finally, I thank all the persons who have directly or indirectly contributed...
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