Account Receivables Turnover Ratio Analysis 2010 The A/R turnover ratio for 2010 was 14.80‚ which was a monumental increase from 8.45 in 2009. One reason for this increase was due to a conscious effort by Proctor and Gamble to improve collection times for incoming payments. In 2009‚ they incurred too much short-term debt due to the delayed collection of payments for their products and ended up decreasing their A/R account by almost $500 million. Their sales also increased in 2010 due to the expansion
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cash at bank 6 Owner took goods worth RM 1‚000 for personal use 7 Bought goods by cash at bank from Hamidah for RM 1‚500 9 The business purchased goods from Senang Enterprise on credit amounting RM 14‚700 11 Withdrew cash RM 100 and goods for RM 600 12 Purchased goods on credit from Mr. Badrul RM 5‚000 and Mr. Jalil RM 3‚000 14 Sold goods to Namikah amounting RM 7‚000 by cheque 15 Sold goods to Mizah of RM 10‚000 on credit and Mizah only paid RM 5‚000 by cash
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different types of risks. The longer is the period of the project‚ the greater may be the risk and uncertainty. 3. Large size of funds: - Capital Budgeting Decisions require large amount of funds for acquisition of fixed assets. 4. Irreversible Decisions:-Capital Budgeting Decision is irreversible and the amount invested cannot be realized back. 5. Wealth Maximization of Shareholders: - The basic objective of financial management is to maximize the wealth of the shareholders therefore the
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Transactions Show Journal entries to record the following transactions. Post them into appropriate Ledger Accounts and then extract a Trial Balance on 31st December‚ 2012: 2012 Jan 1st: Commenced business with cash Rs 1‚00‚000. Jan 10th: Bought office equipment worth Rs 40‚000. Jan 25th: Purchased goods worth Rs 25‚000; less 10% trade dis. on credit from Rahul. Feb 4th: Purchased office stationary worth Rs 500. Feb 9th: Paid premium for fire insurance Rs 5‚000 Feb 20th: Sold goods on
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UNIVERSITI UTARA MALAYSIA UUM COLLEGEOF BUSINESS SCHOOL OF ACCOUNTANCY COURSE CODE : BKAL1013 COURSE : BUSINESS ACCOUNTING PRE-REQUISITE : NONE 1.0 COURSE SYNOPSIS This course is designed specifically for students from non-accounting disciplines. It is divided into two sections‚ i.e. financial accounting and management accounting. Students will be exposed to accounting concepts‚ principles and assumptions. They would be able to assess
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Matthew Smith Week 2 You Decide Assignment Accounts Receivable Crisis 09/05/11 Instructor: Eric Oestman Class: HS543 I. INTRODUCTION: After conducting a meeting with the medical staff‚ various clinical departments‚ Health Information Management‚ and Business office personnel regarding Accounts Receivable issues within our facility‚ it was determined that many different areas of concern needed to be addressed. This includes problems with patient admission and registration procedures
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ANALYSIS AND USES OF FINANCIAL STATEMENTS Delta Publishing Company 1 Copyright DELTA PUBLISHING COMPANY P.O. Box 5332‚ Los Alamitos‚ CA 90721-5332 All rights reserved. No part of this course may be reproduced in any form or by any means‚ without permission in writing from the publisher. 2006 by 2 Table of Contents Preface Chapter 1 Objectives of Financial Statement Analysis and Financial Reporting Chapter 2 Accounting Assumptions‚ Principles‚ Procedures‚ and Policies
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INTRODUCTION ABOUT COMPANY TAKEN (i.e. AMRUTANJAN HEALTH CARE LIMITED: Particulars AMRUTANJAN HEALTH CARE Year of establishment 1936 Revenue for the current year 26.1749(USD in millions) Market Capitalization 1686.607351( RS. in millions) Industry Pharmaceuticals Total Income 1393.532573(Million rupees on year ending march 2013) Net Profit 121.196237 INTRDUCTION: There are two types of prospective financial statements. 1. Projected financial statement 2. Forecasted financial statement
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(1e) To whom is the internal auditor primarily accountable? A The audit committee of the company B The company as a separate entity C The shareholders of the company D The employees of the company (2) Identify any four user groups of financial statements and explain what information that is of interest to them. (3) Your colleague‚ senior manager of Sales & Marketing‚ is confused with the amount of information available in financial reports. In your course of enlightening him‚ you stressed
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CHAPTER 4 Final Accounts Meaning Preparation of final account is the last stage of the accounting cycle. The basic objective of every concern maintaining the book of accounts is to find out the profit or loss in their business at the end of the year. Every businessman wishes to ascertain the financial position of his business firm as a whole during the particular period. In order to achieve the objectives for the firm‚ it is essential to prepare final accounts which include Manufacturing and
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