functions. * Responsible for Invoice generation‚ Debtors Reconciliation & age wise reports. * Responsible for Vendor Bills checking‚ booking‚ Payment processing & reconciliation. * Preparing cash flow statement & Assisting to manager for Fund Flow Statement. * Preparing purchase orders‚ debit note‚ vendor’s bill booking & payment processing of the same. * Calculation of Monthly Sales Tax * Collection of form related Sales Tax (C form‚ H form)
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standpoint‚ establishing the venture would entail a $10‚000 investments. During its first year of operations‚ the online fashion accessories venture projected to generate net income amounting to $230‚251. Consequently‚ the venture will yield total cash on hand worth $214‚086‚ which forms the bulk of its total assets‚ during the first year of operations. Subsequently‚ the venture will amass total assets worth $240‚885 and total capital of $240‚385. Introduction This business plan involves the
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The management of Brockly’s Clothing and Design Store said that female jeans trousers are their main seller. They do not understand the principles of breakeven analysis and are not sure at what point they are able to register a profit. Your manger has asked you to explain how useful breakeven analysis can be in assisting the organisation in determining the best output. Task 5 – this task must be completed in a supervised classroom you are not allowed to liaise with your colleagues. However
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1. Accounting Analysis Assess the degree to which the firm’s accounting reflects the underlying business reality. Identify accounting distortions and evaluate their impact on profits and the sustainability of profits. Financial statements are used to determine the business activities of a firm and the role of accounting analysis is to determine the accuracy and quality of the information provided. This analysis would look into the degree of its accounting figures captures its business reality through
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companies’ operations‚ management and business prospects. Peter So was also able to perform financial ratio analyses on the three companies. However‚ Patricia Tan thought that a cash flow analysis‚ which would provide information on the long-term viability of the companies and its ability to generate positive cash flows and pay its obligations‚ should also
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the accountant prepares the cash flow statement by using the information in the income statement‚ she is using the direct method. Under such a scenario‚ she identifies and adds up all cash sales and collections of receivables from credit sales during previous periods. She subtracts all cash payments to arrive at the net cash flow from operating activates. The accountant disregards all cash movement from non-operating activities‚ such as bank loans or distribution of cash to shareholders in the form
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Chapter 11 THE STATEMENT OF CASH FLOWS Problems Problem 11-1 |2003 sales |$8‚743‚000 | |Less: Change in accounts receivable | (70‚000) | |Cash generated from sales during 2003 |$8‚673‚000 | Problem 11-2 a. Issuance of a 12-month note in return for $2 million cash is a financing source of cash. Use of $2
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information on the profitability of the entity. The cash flow statements are very similar in both GASB and FASB. They both show cash inflows/outflows relating to operating‚ financing‚ and investing activities. GASB cash flow statements divide financing activities into non-capital and capital and related financing activities. The acquisition of capital assets is a capital and related financing transaction in the GASB Cash Flows Statement rather than an investing activity. Interest expense on
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full swing for a good six months‚ Chemalite‚ Inc. is seeing its cash balance drop tremendously‚ which Alexander and his investors view as a negative. Even though they thought their business was doing well‚ the numbers they are reading indicate otherwise. We have to determine how these numbers reflect the true nature of the company. Issues 1. Should they continue with business in 2004 and beyond? 2. Do they have a positive cash flow? 3. Are they profitable? Decisions I do believe that Chemalite
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CEO has been trying to find additional products that can leverage the current ABC employee skill set as well as the manufacturing facilities. ABC Company’s current financial information (before/without expansion) Dec. 31‚19X2 Dec. 31‚19X1 Cash $50‚000 $70‚000 Accounts receivable (net) $120‚000 $180‚000 Merchandise inventory $350‚000 $280‚000 Property plant‚ & equipment $400‚000 $300‚000 Less: Accumulated depreciation $(170‚000) $(100‚000) Total assets $750
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