Personal Budget, Balance Sheet, and Cash Flow Statement ACC/547 April 30, 2012 Kristen Debbis MEMORANDUM TO: Mr. Boss, TT Accounting Firm FROM: CPA DATE: April 30, 2012 SUBJECT: Summaries and Recommendations An abundance of contributing factors exist that help determine one’s financial success or failure. Amongst these entities are both statistical and numerical facts and several other key items. Some of the necessary facts should include the ages of a client, their spouse, children and dependents, educational backgrounds, and the couple or families income. Other key or important items that may be needed are to be outlined in professionally prepared personal budgets, balance sheets and cash flow statements. Major concerns and goals are also important to note within these documents.
Abstract I will use this evaluation as a tool for understanding Duke Energy’s financial strength and to evaluate whether or not it will be a good fit for my professional career and lifestyle. Although a companies financial strength is more than the financial information you see in their financial statements like; company relations, employee satisfaction, and customer satisfaction. However, for the purposes of this evaluation I will focus on the company’s actual Financial Performance measures to close out my evaluation to make a decision. Within this evaluation I will look at areas of Duke Energy’s company history and their current financial statements. The History of Duke will include how the company got started, their goals and mission and how long the company has been in business.
Assignment 2 Assignment Title ‘External Environment’ Scenario You are a business adviser for the London Borough of Westminster. Westminster Council is interested in finding out the impact of the economic environment on businesses in the local area. You should explore the impact of external factors on your private sector business from assignment 1. Criteria covered P5, 6, M2, 3, D2 Assessment method Your knowledge and understanding will be assessed through a written report. Hand In Date Monday 3rd December 2012 Assignment checklist: Tick if complete 1 Your report should describe how your private sector business could be affected by at least two economic environments.
Cash Flow 1 Cash Flow Steven Harris 8/16/15 XACC/291 Thomas Ruth Cash Flow 2 Cash Flow Companies are required to prepare a statement of cash flows, because there is information contained within these statements that are beneficial to those who may be interested in investing in the company, stockholders who are interested in the performance of the company, and lenders who are considering giving the company a loan and cannot be sure they are able to fulfill their contractual obligation Financial Accounting
It reports basic & diluted EPS before & after tax & capital gain for Y/E Dec 31 and emphasizes its before tax & capital gain EPS figures to shareholders over the after figures as it believes that capital gains are sporadic. However, given that real estate is a key operation of GDL, this emphasis is questionable and might mislead investors from the industry standard of after tax & capital gain EPS. USERS AND USER NEEDS The Audit Committee wants to solve the accounting issues in order to finalize the 2012 financial statements. It wants to ensure accurate and ethical reporting for fair representation of the company’s financial position. Shareholders want to see the company’s financial position and evaluate their investment stance.
Problem Definition VSC has a sizable A/R in USD that poses a significant currency risk. Peter Levin, VSC treasurer, and his team must decide, according to the supportive financial statements and analysis, the hedging method that reduces that risk while maintaining the working capital for the project and meeting a 12% minimum markup. Solution Method Using 6 different foreign currency hedging techniques, we will calculate the present value of the A/R as of May 16, 2011. Then, we will compare the different options to maximize the return to VSC but also consider the project costs and health of VSC using financial ratios. Case Analysis Using the spot exchange rate and interest rates shown, we calculated the present value of the USD 144,927,000 receivable that VSC will obtain on November 17th, 2011: Forward Currency contract: Foreign Currency Futures contract: Foreign Currency Options (Call option at CME for EUR): Tunnel Forwards: Foreign Currency Loan (Money Market Hedge): Presale of Foreign Contract: The following table summarizes the EUR present values of all options, and includes the received 10% down payment to determine the % markup over the original EUR price of the contract: It is clear that all options allow VSC to receive an overall present value of the A/R that is higher than the original project bid and with a % markup that is above the estimated 12%.
Qualified opinion – This opinion states the auditor’s concerns or doubts concerning the reliability in different areas of the financial statements (Mintz & Morris, 2011). ABC decided to make a change from LIFO to FIFO in the middle of an audit, stating that the change in activity would improve their annual tax return. This would cause concerns and doubts with the auditors. 4. Adverse
Essentially, Ameritrade needs a cost of capital to evaluate new projects. Firms maximize their value by taking all positive NPV projects. To calculate the NPV, we need a discount rate. According to the case briefing, the CFO of the firm often used 15% as the internal discount rate, but some managers felt the borrowing cost of 8-9% was the appropriate rate by which to discount future profit estimates. At this time, the external discount rate, used by Credit Swiss First Boston was 12%.
Group 2: Michael Argyrou, Patrick Bross, Daniel Mills, David Lloyd, Robert Curl Finance 312-010 Professor Detwiler May 1st 2009 Agro-Chem, Inc. Problem Statement: Agro-Chem. Inc has hired our consultant group to help make a big lease versus purchase decision for their company. If we are to simply analyze the information and data they are presenting to us thus far, our conclusion may be met more easily. However, a few problems have been brought to our attention after reviewing the case, and it is our job to extend our analysis to prepare a fully thought out recommendation for Agro-Chem.
Personal Budget, Balance Sheet, and Cash Flow Statement Alandra Shamblee ACC 547 March 12, 2012 Katherine Castillo MEMO To: Tony Clark From: Alandra Shamblee Subject: Personal Budget Many factors have an impact on the financial success of individuals or a working firm. Examples such as, age, education, income, dependents, and goals affect an individuals’ finances. These categories develop a good understanding of an individuals’ financial standing while attempting to create a successful budget. Careful planning and recording of personal finances is important for developing good spending habits and enjoying financial success (Kapoor, Dlabay, & Hughes, 2009). The following summary provides a detail of the age, dependents, education, income status, and goals regarding James and Janet Williams.