Personal Financial Plan Part 1 Laura Grundowski Abstract This paper will discuss the beginning of my personal financial plan. It will also outline said plan into a budget that will be put to use throughout the next few months. Budgeting is a vital part of managing one’s personal finances. When beginning to budget one must pinpoint the sources of cash inflows and cash outflows. Having knowledge of your personal financial situation is also necessary in managing personal finances. If done
Words: 1067 - Pages: 5
1 What are navratan companies in india? LIST OF NAVRATNA PSEs 1. Bharat Heavy Electricals Ltd. 2. Bharat Petroleum Corporation Ltd. 3. Gas Authority of India Ltd. 4. Hindustan Petroleum Corporation Ltd. 5. Indian Oil Corporation Ltd. 6. Mahanagar Telephone Nigam Ltd. 7. National Thermal Power Corporation Ltd. 8. Oil & Natural Gas Corporation Ltd. 9. Steel Authority of India Ltd. 2 Listed companies in this navratan Bhel,bpcl,gail,hpcl,ioc,mtnl,ntpc,ongc,sail
Words: 7556 - Pages: 31
Decide on the Classifications of the accounts involved. (for Example, Equipment is something the business owes, and it's a liability; Rent is an Expense. After recording the transaction, make sure the accounting equation is in balance. THE FIVE CLASSIFICATIONS: Accounts Category Normal Balance Increase Decrease 1. ASSETS DEBIT DEBIT CREDIT 2. LIABILITIES CREDIT CREDIT DEBIT 3. OWNER'S EQUITY CAPITAL CREDIT CREDIT DEBIT WITHDRAWALS DEBIT DEBIT CREDIT 4. REVENUE CREDIT
Words: 516 - Pages: 3
analysis type’s I have chosen the vertical or common-size analysis. The equations that I am using in my financial analysis include: the assets account and its base account which was Total Assets, liabilities and stockholder’s equity which had its base as their stockholder’s equity and total liabilities, income statement which had its base containing the accounts for their net revenues and sales. I will also look at the horizontal analysis in this paper and will show the changes they have encountered
Words: 1843 - Pages: 8
increase liabilities and equity and decrease assets. 12. Current Assets -Assets that are in the form of cash or will generally be converted to cash or used up within one year. Examples are accounts receivable and inventory. 13. Current Liabilities - Liabilities payable within one year. Examples are accounts payable and payroll taxes payable. 14. Debits - At least one component of every accounting transaction (journal entry) is a debit. Debits increase assets and decrease liabilities and equity
Words: 463 - Pages: 2
Financial Analysis Feather Wright XACC 280 Financial Accounting Concepts and Principles Salena Ford September 9, 2011 PepsiCo, Inc. and The Cola-Cola Company are two the of the world’s largest beverage distributors. Both organizations are known worldwide and can be found in almost any store. Even though the organizations are very similar in what they do; they are very different when it comes financial analysis and branding. As you will see in this paper the financial comparison
Words: 1893 - Pages: 8
___I___Selecting economic activities relevant to the company. ___R___Summarizing economic events. E1-5 Meredith Cleaners has the following balance sheet items. Accounts payable - Liability Accounts receivable - Asset Cash - Asset Notes payable - Liability Cleaning equipment - Asset Salaries payable - Liability Cleaning supplies - Asset Common stock – Stockholders’ equity E1-12 The following information relates to Linda Stanley Co. for the year 2008. Income Statement Revenues: •
Words: 255 - Pages: 2
Table of Contents 1. Executive Summary 4 2. Company Description 5 3. Organization & Management 5 4. Service & Product Description 6 5. Market Analysis
Words: 3072 - Pages: 13
Lawrence Sports Working capital management is very important in running a business because it involves managing all current assets and liabilities. Working capital management involves making appropriate investments in cash, marketable securities, receivables, and inventories, as well as the level and mix of short-term financing (Emery, Finnerty, Stowe, 2007, p. 639, para. 3). Currently Lawrence sports, a multi-million dollar company that manufactures and distributes sports equipment is seeking
Words: 1870 - Pages: 8
Information: Lucky Charms, Inc. (“LC”) manufactures a line of hand-crafted decorative silver amulets featuring a variety of designs. The amulets are mainly sold to retailers who then sell the amulets to consumers in their shops or at outdoor, street and weekend markets. LC’s business is somewhat seasonal in that most sales occur in the spring (in anticipation of the summer outdoor market season) with significantly fewer sales in the fall and winter. For the past couple of years LC has experienced
Words: 800 - Pages: 4
