Excellence in Financial Management Course 2: Financial Planning and Forecasting Prepared by: Matt H. Evans, CPA, CMA, CFM This course provides a basic understanding of how to prepare a financial plan (budgeted financial statements). This course will also discuss some of the problems associated with budgeting along with "best practices" in budgeting. This course is recommended for 2 hours of Continuing Professional Education. In order to receive credit, you will need to pass a multiple
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they rose 7.14%. It is more than likely some inefficient equipment. The decrease in utilities goes hand in hand with the raise in Equipment, in the long term assets located on the Balance Sheet, which occurred in Years 14 and 13. The other two accounts, Admin Salaries and Other GA, need serious attention. Admin has ranges from 4.76-13.64%. Other 31.12-7.59%. The operating income, -11.98 and -19.20%, suffers because of the GA expenses being between 6-7% higher per year. This results in almost
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A steward’s local powers were considerable. Stewards might understate the natural increase of livestock, or make good any trading losses from money accumulated, holding back surpluses and so on. From the mid-fourteenth century, written accounts and knowledge of standard level of achievement became more widespread and, as a consequence, the control of the steward became less direct (Noke 1991). Written forms of accounting became more common and accounting became increasingly reliant
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One must keep in mind the following issues when using financial ratios: One of the most important reasons for using financial ratio analysis is comparability and for this, a reference point is required. Usually, financial ratios are compared to historical ratios of the business itself, competitor’s financial ratios or the overall ratios of the industry in question. Performance may be adjudged as against organizational goals or forecasts. A number of ratios must be analyzed together to get a true
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interrelated aspects: a historically-oriented sense, in which “Islamic Accounting” refers to ideas and practices in Muslim-majority countries in past periods; a practice-oriented sense, where the focus is on how entities describing themselves as “Islamic” account for and report their transactions and activities; and a principle-oriented sense, where fundamental accounting concepts and methods form a coherent body of ideas and practices based on the religion of Islam. The word “Islam” means total submission
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can make the costs of the fund's operating and transaction into a minimum. Portfolio strategy can be adjusted by According to the change of the index’s Composition, and what’s more, no fees will be paid about the investment research and analysis. So a lower management fee will be charged. On the other hand, the index investors tend to buy long-term holders of stocks, as opposed to active management by actively trading the formation of high turnover and must pay higher transaction costs, the investment
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Google, the world's most powerful brand, endeavors to purchase Netflix, the largest U.S. based online movie rental service provider. This acquisition is consistent with the Google focus on improving how people connect with information. The acquisition will address a strategic opportunity to deliver more diverse online content to the world, where the graphical and video display-ad market is estimated to grow to $200 billion (Efrati, 2012). It will also further build on the expansive Google acquisition
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in which it generally expenses b. Currency that are relatively self contained & integrated c. that affects sales prices of goods & services d. of the country whose policies & regulations influences the sales prices e. that affects the labor, cost of goods sold f. the currency in which the entity generally raises its funds From the case we observe that the subsidiary mainly transacts in local currency, BsF. Considering all the above points and referring to the case, we can come to the conclusion
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earnings, and statement of cash flows; which are the most important steps in the accounting cycle because it represents the purpose of financial accounting statement (Brook, 2013). Ideally the financial statements are prepared by transferring the account balances on the adjusted trial balance to a set of financial statement templates in order to establish a logistical plan for the future well-being of the company. Business Problem Solving A key component to the success of a fortune 500 such as
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Consumer Cleaning Products Corporation (CCPC) Case Two: Landline Corporation Case Three: Assembly Lines Incorporated (ALI) Submitted By Chen Chongxiao Sweta Shah Xiaoyun zhang Case One Requirement 1: The accounting issue in this case is how to account for the coupons which was introduced on Sep. 1 2009 for the new detergent Fresh & Bright Marketing campaign by a detergent manufacturer called Consumer Cleaning Products Corporation (CCPC). The coupon drops served as a sales incentive, which can
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