CONTRIBUTION OF COMPUTERIZED ACCOUNTING SYSTEM IN THE PERFORMANCE OF SELECTED CREDIT COOPERATIVE A. Introduction The Philippine Code of 2008 (RA 9520)‚ Article 23 defined Credit Cooperative as one that promotes and undertakes savings and lending services among its members. It generates a common pool of funds in order to provide financial assistance and other related services to its members for productive and provident purposes. Accounting is the backbone of business. It is the method on which
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Financial Ratio: A financial ratio (or accounting ratio) is a relative magnitude of two selected numerical values taken from an enterprise ’s financial statements. Often used in accounting‚ there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization. Financial ratios may be used by managers within a firm‚ by current and potential shareholders (owners) of a firm‚ and by a firm ’s creditors. Security analysts use financial ratios to compare
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Ratio Analysis Ratio analysis is basically used to understanding the financial health of a business entity. With the help of ratios we can easily calculate from current year performance of the companies and are then compared to previous years. Ratio analysis conducts a quantitative analysis of information in a company’s financial statements. These Ratios are most commonly used in banking sector can be divided into five main categories Liquidity Ratios Leverage Ratios Profitability Ratios Activity
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Business Memo The importance of budgeting I developed a spreadsheet including three budget schedules of Spiffy Shade Corporation‚ which is Production Budget‚ Direct-labor Budget‚ and Manufacturing Over-head Budget. According to the budget schedules‚ the company can plan ahead and meet the needs of demand. For example‚ form the Production Budget‚ the company can plan how many sunglasses should be produced for each month and quarter. Budget can also facilitating communication and coordination‚ and
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U12 M2 – Analyse the marketing opportunities and challenges faced by a selected business when using Internet marketing In this task I will analyse the marketing opportunities and challenges Apple faces by using internet marketing. Over the years‚ Apple has gained many benefits from internet marketing. Due to the internet’s high popularity‚ internet marketing has allowed Apple to promote their products effectively and efficiently which allows the company to create relationships with customers
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Coursework Trends in tourism for the United Kingdom Valeriya Nikolaenko 100MKT 8th of March 2015 Contents: 1. Advantages and disadvantages for organisations in using secondary information………3 2. The consumption of UK tourism by Russian market…………………………………….5 2.1 Visa………………………………………………………………………………………5 2.2 How to get to England…………………………………………………………………..6 2.3 Weather…………………………………………………………………………………..6 2.4 How to travel around the country………………………………………………………..6 2.5 Activities
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a range of products matching famous celebrity ’s outfits that customers would want to buy. ASOS‚ online or in their magazine provides customers the latest fashion info and what not to wear giving them an advantage to promote their products. Their business attract over 5.2 million visitors per month Price The price has a lot of impact on the service buyer’s satisfaction level. Often‚ paying a higher price makes a customer more satisfied. Price is often considered a proxy for quality and vice-versa
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Solutions to Lecture Activities ACCT 1046 Introductory Accounting Semester 1‚ 2010 Lecture 1 Unit 1 – Business Decision Making and Accounting Lecture Activity 1 1. The accounting information system comprises four main procedures: analysis‚ recording‚ reporting and identification. The order in which they occur is: a) Reporting‚ analysis‚ recording‚ identification b) Identification‚ analysis‚ recording‚ reporting c) Analysis‚ identification‚ recording‚ reporting d) Identification‚ recording
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Unit 1 Business Purposes BTEC Level 2 First Business Assessment Resource Pack Sample learner work and assessor comments Commentary for tutors Sample learner work and assessor comments follow for the assignment A1 Local businesses and industry sectors (P1‚ P2‚ P3‚ M1‚ M2). This unit of work introduces learners to the world of business. All of the target assessment and grading criteria for this assignment have been met (P1‚ P2‚ P3‚ M1‚ M2). This assignment is one of three assignments. The other
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into it or not by using the following financial ratios: Gross Profit‚ Net Profit and Rate of Return on Owner’s Equity. The Gross Profit Ratio tells the business the relationship between gross profit and sales and the amount is used to cover the operating costs of the business. This ratio is calculated by finding the gross profit ratio and dividing it by the net sales‚ then multiplied by one hundred to put it as a percentage. Last year Peter Sharpe’s business had a gross profit ratio of 41.33% and in
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