FP101 Week Two DQ 1 Post a 150- to 300-word response to the following discussion question by clicking on Reply: Refer to p. 87–93 of Personal Finance. Identify two cash management products and provide a short description of each. Do you have any experience with these products? Account Reconciliation and Controlled Disbursement Account Service are both important and beneficial to a company by managing people’s money spending situations. It is used to ensure that the money leaving an account matches the actual money spent, this is done by making sure the balances match at the end of a particular accounting period.
Ledger balances are separated into debit balances (money out) and credit balances (money in). Asset and expense accounts appear on the debit side of the trial balance whereas liabilities, capital and income accounts appear on the credit side. If all accounting entries are recorded correctly and all the ledger balances are accurately extracted, the total of all debit balances appearing in the trial balance should be equal to the sum of all credit balances. A trial balance is most effective when produced on a regular basis as it allows accountants to analyse where the business stands financially as well as enabling them to identify and resolve any mathematical/arithmetic problems that may have occurred in the ledgers. However it must be remembered that a successful trial balance is no guarantee that the accounts are error free and it only means that all transactions have been entered in balance.
There are a total of 28 quantitative demographic variables each measured as a percentage of the population within the trading zone, 2 quantitative store variables including sales and square feet, and 7 quantitative categorical variables for competitive type. Our sample size is 250 stores. Sales data is provided in $1,000s therefore a unit change in X will correspond to that X coefficient multiplied by $1,000. Results and Discussion In order to build a successful multiple regression model it is necessary to follow a multi step approach. Without taking this approach, we could run into issues in which we have an incorrect and imprecise forecast.
| Citigroup use of a single reconciliation system | Managerial Application of Information Technology – MIS535 Devry University, Keller Graduate School of Management Table of Contents Abstract 3 Brief company background 4 Discussion of business Problem 5 Approach 5 High level approach 6 Benefits of solving the problem 6 Accounting systems 7 Reconciliation systems 8 Business and technical approach 9 Technology or business practices used to augment the solution 10 Overall recommendation 11 High level implementation plan 12 Summary of project 13 Reference 14 Abstract This paper will cover the benefits that Citigroup will encounter by updating some of their systems and procedures and using united platform to reconcile cash positions in for hedge funds and mutual funds. We are going to look at the problems that the company faces along with the systems that they currently use. Lastly we are going to recommend a solution to this problem and how the company can fix it. Brief company background The company that my final project will be on is Citigroup. Citigroup was ranked 20th by Fortune 500 ranking of America largest corporations.
President of Acer Corp, The purpose of this letter is to provide guidance to Acer Corp on the appropriate accounting for the Theta investment. Below is an overview of the transaction followed by our findings and authorities used for the basis of our conclusions under both US and International accounting standards. From our research, it is more beneficial for Acer to headquarter in the US where only partial gains from the transaction must be recognized. This transaction included the transfers of factory equipment to Theta Corp in exchange for $1 million cash and a 25% equity ownership stake in Theta. The book basis of the transferred equipment was $6 million, and the equipment was recently appraised for $6.5 million.
Windows Server 2008 was launched in 6 different editions to provide flexibility and choice for various types of corporate businesses and organizations based on size and system requirements. The most significant differences are the number of processors, amount of physical memory and features supported. Foundation provides 8GB maximum physical memory, Standard and Web provide 32GB, and HPC 128GB, Enterprise, Datacenter and Itanium provide 2TB of memory. (Mic) Windows Server 2008 offers reduced power consumption, powerful hardware and scaling features, and an expanded desktop. It provides for more efficient server management by giving IT Administrators more options for managing networking infrastructure through ease of use, reliability and security through its Internet Protocol security improvements and
Hint change the font size on the text areas on the chart to assist in resizing the chart. [15] [pic] Figure 1: Pictorial view of chart requirements e. Using the “Statement of Income” worksheet, center the financial statement titles across the data below and bold the company name. [2] f. Insert a column between columns D and E. Resize this new column to width 1.50 and apply a green fill with a border around range E1:E19. [4] g. Insert a row above row 5 and resize to 6.75 [2] h. Complete the formulas in cells provided for revenues* for 2008. 2008 revenues have increased by ½ % over 2007 values.
Remember, we are looking for wealth that could be used for more important things as well as wealth that is not being used for anything at all except capital gains. You should follow along with me using the Aurora City Comprehensive Annual Financial Report as your reference, which can be downloaded here: https://www.auroragov.org/AuroraGov/Departments/Finance/Annual_Financial_Report/index.htm?ssSourceNodeId=934&ssSourceSiteId=621… And if you like, you can follow along with your local or county CAFR as well, making the adjustments for size and page numbers as you go. Your CAFR should be virtually identical in its structure to this one. If it is not, the key points we are about to cover will be in there
5. Would you treat the new machine as a separate cost center or as part of the main test room? Machine Hour Rate = $80.10 Burden Rate DL = 21% Accounting Manager wanted two cost pools 1st would include administrative and technical functions (division management, engineering, planning, administrative personnel) Charged Rate per Direct Labor Hour 2nd Cost Pool – All Other Burden cost and would be charged based on Machine Hours Consultant – Recommended Three Burden Pool System, Separate burden center for each test room, and common technical/ administrative pool. Burden directly traced to each pool. Burden cost in test rooms would be charged based on Machine Hours.
Table of Contents Executive Summary and Hypothesis 3 Discussion 4 Conclusions 5 Annotated Bibliography 6 Bibliography 7 Appendix 8 Data Sets 9 Charts & Graphs 5 Table of Descriptive Statistics 11 Confidence Interval 14 Hypothesis Testing 18 Regression Model 19 ABSTRACT/EXECUTIVE SUMMARY This Capstone will research the correlation between particular states, and how the commuting time relates to median income. The data collected will show that states with higher median incomes show commuters with shorter commuter time to their work place. This Capstone will research the correlation between particular states, and how the commuting time relates to median income. The data collected did not show that states with higher