... | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Contents 1. Introduction 4 Purpose 4 Document Conventions 4 Stakeholders 4 Project Scope 4 References 4 2. Overall Description 5 IT Service Specification 5 Product Features 5 Use Case Diagram 5 Bank Account Management System 6 Use Case: Create new Bank Account 6 Use Case: Transaction 7 Use Case: Generate monthly statement: 7 Credit Card Management System 8 Use Case: Make an application: 8 Use Case: Activate credit card: 8 Use Case: Generate monthly statement: 9 Use Case: Maintain customer personal information: 9 Use Case: Check transaction and statement information: 10 Operating Environment 10 Design and Implementation Constraints 10 User Documentation 10 Assumptions and Dependencies 11 3. System Features 12 4. External Interface Requirements 16 User Interfaces 16 Hardware Interfaces 16 Software Interfaces 16 Communications Interfaces 16 5. System Features (ITIL v3 Compliance) 17 Service Support – Desktop Computing Service 17 Desktop Computing Service (Business Process Models) 20 Service Support Hours 20 Customer Support 20 Service Availability 20 Change Management Procedures 20 IT Service Continuity 20 Security 20 Charging 20 Service Reviews 20 ...
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...expected to have which of the following attributes? | |Presented in |Financial statements are | | |a standard format |prepared on a regular basis | |A. |No |Yes | |B. |Yes |Yes | |C. |No |No | |D. |Yes |No | Answer: B B2C01T1Q002eng Financial statements A. are a process of recording daily transactions. B. are one of the two major branches in accounting. C. report past results. D. do not involve personal judgements. Answer: C B2C01T1Q003eng Which of the following is/are not (a) financial statement(s)? i) Bookkeeping ii) An income statement iii) A tax return iv) A balance sheet A. (i) B. (i) and (iii) C. (i) and (iv) D. (ii) and (iii) Answer: B B2C01T1Q004eng A person who studies the financial statements of a business and decides whether the business should continue to operate is A. the owner of the business. B. a potential investor. C. the auditor of the business. D. a teacher or student. Answer: A B2C01T1Q005eng An income statement provides financial information on i) the amount of money spent by a business on its daily operations during...
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...Abstract This paper explores the uses of financial statements, specifically the balance sheet and income statement. It explores them from a personal point of view and how the balance sheet is used in an everyday life of an individual using his own assets and liabilities and determining his net worth. As it also discusses how a manager can benefit his company by understanding the concept of a balance sheet and using it to determine how well the company is doing and its ability to pay its debts and continue in the business. This paper also discusses my understanding of the balance sheet and income statement and how they may be applied to my future position of planning to start a small business. Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life. The accounting balance sheet is one of the major financial statements used by accountants and business owners. The balance sheet is also referred to as the statement of financial position. The balance sheet presents a company's financial position at the end of a specified date. Some describe the balance sheet as a "snapshot" of the company's financial position at a point in time. For example, the amounts reported on a balance sheet dated December 31, 2011 reflect that instant when all the transactions through December 31 have been recorded. (2012, Averkamp) Because the balance sheet informs the reader of a company's financial position as of one moment in time, it...
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...and technique. How ethical conduct can evaluate ethical conduct except through measurable results is not easily understood. If the results cannot be accurately measured, then confident objectivity that the fundamental moral construct even exists or is of any penalty to ordinary people. The Role of Personal Ethics in Psychology Ethical guiding principles shift focus as of late from personal character to organizational ethics. The major focal point of this change is, “…the misuse of power and discretion by individuals performing organizational roles” (Ethics Awareness Inventory, 2006, Introduction). The client-patient association in psychological therapy and clinical practice is the creation of ethical guidelines with the possibility for abuse of control and lack of attention to discretion. The results-centered approach to psychology would dictate the actions of the clinician must be in line with the declared principled rules of the practitioners. Also, ethical perspective recommends that ethical guidelines that support the practice of psychology should seek the greater good for the greatest sector of humanity. Affect of Ethics Application of Psychological Principles to Personal, Spiritual, Social, and Organizational Issues The inventory begins with a quick introduction about the process, applicability, and purpose of the measure (Ethics Awareness Inventory, 2006). It is made clear that ethical decision making is comprised of three separate tasks:...
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...Informative Speech On Identity Theft A. Today is the big day. You have been saving for several months for a down payment to purchase your new car. You go to the dealership, pick out the car and fill out all the required paperwork. You start daydreaming about driving off the lot when the finance manager comes in and says the one word you were not expecting, DENIED. You have no idea what is going on because you know you have perfect credit. After some time consuming effort, you realize you are a victim of identity theft. B. The purpose of my speech is to inform the audience about identity theft. C. Identity theft can happen to anyone in this room. Your roommate, friend or a total stranger can gain access to your personal information. If you ever plan on taking out a student loan, purchasing a car or home, you should listen carefully to this speech. D. I was almost a victim of identity theft. Several years ago someone stole my checkbook. The person who found it started writing checks from my account to purchase a few very expensive items at my expense. I had no idea this was happening until I went to the ATM to withdraw some money. I called my bank and found out that my account was $2000.00 overdrawn. Fortunately, I reported it the police in a timely manner and they were able to apprehend the person before more damage could be done. The police told me about identity theft and how lucky I was. After the incident I started doing research on identity...
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...Informative Speech On Identity Theft A. Today is the big day. You have been saving for several months for a down payment to purchase your new car. You go to the dealership, pick out the car and fill out all the required paperwork. You start daydreaming about driving off the lot when the finance manager comes in and says the one word you were not expecting, DENIED. You have no idea what is going on because you know you have perfect credit. After some time consuming effort, you realize you are a victim of identity theft. B. The purpose of my speech is to inform the audience about identity theft. C. Identity theft can happen to anyone in this room. Your roommate, friend or a total stranger can gain access to your personal information. If you ever plan on taking out a student loan, purchasing a car or home, you should listen carefully to this speech. D. I was almost a victim of identity theft. Several years ago someone stole my checkbook. The person who found it started writing checks from my account to purchase a few very expensive items at my expense. I had no idea this was happening until I went to the ATM to withdraw some money. I called my bank and found out that my account was $2000.00 overdrawn. Fortunately, I reported it the police in a timely manner and they were able to apprehend the person before more damage could be done. The police told me about identity theft and how lucky I was. After the incident I started doing research on identity...
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...Assignment #1 – Application of Financial Statement Stormy Night Richard Winsmith ACC557 – Accounting I June 22, 2012 Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life. In order for an individual to be in control of their personal financial future, it is imperative for that individual to understand their current financial health. They need to be able to assess their financial strengths and weaknesses. One way to achieve this is to create a personal balance sheet. A personal balance sheet is a snapshot of their financial situation at any given time. It is best to prepare a personal balance sheet at the end of a financial period, such as the end of a quarter or the year. A goal of most people is to eventually be able to retire from work and enjoy their golden years. In order to be able to achieve this goal, one must set interim goals associated with saving towards retirement. The only way to know if progress is being made toward achieving these goals is to take periodic measurements along the way. A personal balance sheet is very similar to that of a major corporation; it is comprised of assets, liabilities and owner’s equity. The assets would consist of cash, investments, any monies owed by a third party and personal possessions. The liabilities would represent monies owed to other parties such as a home mortgage, automobile or student loans and other debts...
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...will be conducted with a general assessment of what ethical issues were present based on deontological ethics and Immanuel Kant’s Categorical Imperative. The Adelphia Communications Scandal The Adelphia Communications Corporation was the sixth largest provider of cable services in the United States prior to filing bankruptcy in 2002 due to a major accounting scandal. Adelphia’s management intentionally misled investors by falsifying financial statements to give the appearance the organization was financially solid and performing well above normal, by excluding billions of dollars of debt from financial statements. The auditors fail to find any fraudulent action in the financial statements. John Rigas was the original founder of the corporation and later joined with his brother and sons. The Adelphia Communications Corporation (investors) provided over $2.3 billion worth of personal loans to the Rigas family. The Rigas family received assets via fund transfers from the Adelphia Communications Corporation through journal entries to purchase extravagant homes, land for an exclusive golf course and personal purchases. After the firm declared bankruptcy in 2002, John Rigas and his son Timothy Rigas were charged with conspiracy, bank fraud, and securities fraud. John received a fifteen year sentence and Timothy received a twenty year sentence which they began serving in 2007. A second son, Michael, was sentenced to ten...
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...Personal Financial Planning “Personal financial planning is only applicable to those nearing retirement”. How true is this statement? For instance, personal financial planning is only suitable for those who are nearing retirement and not for other age groups of people. We do not really agree with that statement. Because people in different lifecycle are indeed requiring different kind of needs and wants in their life, thus, financial planning is important for everyone who wishes to achieve their financial goals. In addition, when there are existence of needs and wants in our life, everything would cost us money because money is the medium of exchange in this era. Due to this matter, meeting the rising cost of living and improving the standard of living would be a problem when we do not plan our financial side carefully. Everyone wants to have a luxury life, good car, delicious meal and many mores but without a proper planning, it is impossible for anyone to achieve these goals. Therefore, a personal financial planning is vital especially for those who started to join the work force and also those who are retiring. What is personal financial planning mean to you? Personal financial planning can be defined as a systematic process that considers important elements of an individual's financial affairs in order to fulfill the financial goals. Basically it also includes the well preparation of the cash flow movements, priority allocations on the needs and wants, and many more. ...
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...ANSWERS TO CONCEPT CHECKS, FINANCIAL PLANNING PROBLEMS | | |AND QUESTIONS, AND CASES | CONCEPT CHECK ANSWERS Concept Check 2-1 (p. 38) 1. What are the three major money management activities? The three major money management activities are (1) storing and maintaining financial records and documents, (2) creating personal financial statements, and (3) creating and implementing a budget. (p. 36) 2. What are the benefits of an organized system of financial records and documents? An organized system of financial records provides a basis for: (1) handling daily business activities, such as bill paying; (2) planning and measuring financial progress; (3) completing required tax reports; (4) making effective investment decisions; and (5) determining available resources for current and future spending. (pp. 36-37) 3. For each of the following records, check the column to indicate the length of time the item should be kept. “Short-time period refers” to less than five years. |Document |Short time period |Longer-time period | |Credit card statements |X | | |Mortgage documents | |X | |Receipts for furniture, clothing |X | ...
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...realization. He also proposed the two major aspects of human nature, the Apollonian and the Dionysian. Jung proposed that the collective unconscious, information reflective of human experience as a whole, was the most important component of personality. Kierkegaard stressed faith and having a personal relationship with God. Batson formed the three-dimensional model of religion, which characterized how people view and use their own religion. Nihilism is the belief that any search for the truth will fail because what is considered true will always vary. Nietzsche made the statement that “God is dead”. This was not meant to be taken literally, and...
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...What is your… Personal mantra? Always be yourself, don’t let others influence your decisions. Personal mission statement? My mission is to make others laugh and to live a fulfilling life filled with laughs and love. Personal vision statement? My vision is to be an honest, empathetic and impactful human being and to be known and recognized for not only my kindness but my hard work as well. Personal core values? Be humorous, loving, respectful, authentic, truthful, adventurous, motivated, reliable, and healthy. List five personal and measurable objectives for the current year. Raise GPA, learn how to drive, be more savvy in regards to my spending, stay away from negative influences, and take better care of both my body and skin List ten personal...
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...#1. Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life. One of the major financial statements used in accounting is the income statement. The income statement is beneficial to accountants and business owners. Many will also refer to this statement as the “profit and loss statement,” “statement of operations,” or “statement of income.” Regardless of its name, it serves the same purpose and that is to show profitability of a company during a specific period of time. The period of time covered is usually chosen by the business or organization and can vary. Within the statement, revenues, expenses, gains and losses are distinctively displayed. Income statements are imperative to everyday life whether it applies to personal activities or business transactions. The income statement can be applied to my everyday life in many ways. It allows me to see the revenue stream coming in and allows me to budget more affectively. Understanding my personal income statement also builds a safety net of security or savings. Expenses involved in daily activities allow me to analyze whether money is being saved or lost. #2. Using the same concept selected above, discuss how a business manager may benefit from an understanding of this statement. Businesses use standard formats or financial statements to record their performance. The income statement communicates the inflow of revenue and the outflow of...
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...ic endeavors. Tutoring services are available to enrolled students who are looking for additional help with course material as well as organizational and time management skills. Tutoring is not only for students who are currently experiencing academic challenges! Students interested in becoming peer tutors are encouraged to apply by completing the accompanying documents and writing a personal statement. Peer tutors must meet the following minimum requirements to be considered for this paid position (typically to involve 10 hours per week): 1. Have earned an overall GPA of 3.0 or higher (on all college level coursework completed), with an academic record free of any Academic Honor Policy violation; 2. Have earned a B+ or higher in the subject area course(s) for which you wish to tutor; 3. Have submitted a completed instructor recommendation in the subject area for which you wish to tutor (‘instructor’ is faculty or graduate instructor with primary teaching responsibilities in the course you have completed); 4. Have submitted a Peer Tutoring Application and a Personal Statement; 5. Submit all documents to Peter Hanowell, Director of Tutoring Services, WJB G050 (645‐9361, phanowel@fsu.edu). Peer tutoring can be a very rewarding activity, and we look forward to working with you during your time here at the Florida State University....
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...of Inquiry Please work with your department faculty to develop a graduate profile that reflects common goals among all departments and in relationship to our mission statement. This graduate profile should be ready prior to our next Program Chairs meeting on October 7th, when we will discuss and come to agreement about what we believe is our “ultimate” graduate profile. Following program chairs’ agreement, the material will go to the full faculty for discussion and vote. I will also gather input from Student Affairs so that we understand their contribution to the success of our students. Readings about assessment and what it is are attached.* As I mentioned earlier, we will be working our way through this process together, and developing our assessment program in relationship to the goals and values unique (and/or integral) to this institution. Additional readings are on reserve in the library, and an enormous amount of information is available on the web. *Distributed at the Program Chairs meeting on 9.9.2008 MISSION Maine College of Art delivers a demanding and enlivening education in visual art and design within an intimate learning community. We teach each student how to transform aspirations and values into a creative practice that serves as the foundation for a lifelong pursuit of personal and professional goals. VALUES o Maine College of Art’s educational philosophy is built on the premise that focused individual attention and meaningful collective...
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