Assignment #1 – Brandywine Homecare Destyne Quarles Dr. James W. Coon, Jr. HSA525 – Health Financial Management January 22, 2012 Introduction It is without question that in order to understand an organization, you must know and understand the numbers. This assumption in essence is why proper and ethical accounting is so important to all businesses both big and small. Accounting consists of three basic activities which include identification, recording and communication of the economic events of an organization to interested users. To identify economic events, a company must first determine the economic events relevant to its business. Once a company identifies the economic events, it records those events in order to provide a history of its financial activities.
U.S. corporations are required to maintain an adequate system of internal controls. Corporate executives and boards of directors must ensure that these controls are reliable and effective. As with any business, the transformation of going from a private to public requires some extensive planning and preparation. It isrecommended that LJB being a relatively small sized company in terms of its employeesshould re-evaluate the costs versus the benefits of being a public traded company. If LJB decides to issue stock it would be wise to answer the following questions • How many shares should be authorized for sale?
6 Dec. 2010. <http://www.adpemploymentreport.com/ report_analysis_archive.aspx>. “The Economic Effects of Healthcare Reform on Small Businesses and Their Employees.” Rep. Executive Office of the President, 25 July 2009. Web. 27 Oct. 2010.
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.
It has since grown into a Fortune 500 company with more than 1,000 stores. Publix is headquartered at 3300 Publix Corporate Pkwy in Lakeland, FL. The current CEO is Ed Crenshaw. Publix employs over 140,000 people at its 1,086 retail locations, cooking schools, corporate offices, distribution centers and brand manufacturing facilities. The manufacturing facilities produce its dairy, deli, bakery, and other food products.
Financial Management: Theory and Practice • Mini Case (p. 45) a. Why is corporate finance important to all managers? Since a manager’s primary job is to increase the company’s intrinsic value, an understanding of corporate finance will enable a manager to better understand how their decisions affect the big picture. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation.
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.
In addition, an annual report may contain information about the company's products, facilities, strategies or other topics at management's discretion. This case is an analysis through the fundamental financial statements of two companies. You will want to calculate a number of financial ratios, to analyze the basic financial statements and to highlight significant points underlying trends. In order to understand many of these points you will have to study management's discussion of financial condition and results of operations as well as the notes to the financial statements. Included in this case is the analysis of three companies in the retail business.
Case write- up of Costco Corporation Company Case Study Costco Corporation Company Overview Costco Company Costco Wholesale Corporation is the 5th largest retailer in the United States. This company buys the large quantities of consumer products from manufacturers or suppliers and sells them back in smaller quantities to the end users. Costco was founded in 1983 by James Sinegal and Jeffrey Brotman in Seattle, Washington (Costco website). According to Costco 2008 Annual Report, Costco is the largest membership warehouse club chain in the world based on sales volume. With 142,000 employees and more than 500 branches worldwide, Costco focus on providing inexpensive product in big box.
The financial planner should clearly explain and document the services that he or she will provide to you and define both his/her and your responsibilities during the financial planning engagement. The financial planner should explain fully how he or she will be paid and by whom. You and the planner should agree on how long the professional relationship should last and on how decisions will be made. Gather client data, including goals. The financial planner should ask for information about your financial situation.