Project Description of the business simulated List of transactions Books of Original Entry: * The General Journal * Purchases Journal * Sales Journal * Returns Outwards Journal * Returns Inwards Journal * Cash Book * Petty Cash Book The ledgers: * Purchases Ledger * Sales Ledger * General Ledger Trial Balance Trading and Profit and Loss Account Balance Sheet Interpretation of Results: * Using account ratios * Comparison (beginning to end) Statement
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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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STUDY | | Transactions from the very beginning of time have being a vital part of the human race and have cut across every single part of the different sectors of our modern day society. Transaction is the art of exchanging good for services which could take different forms. or an instance of doing business of some kind‚ e.g.‚ a purchase made in a shop or a withdrawal of funds from a bank account according to the Encarta Dictionary. Thus the aspect of electronic-Transaction which has being
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Transaction exposure The transaction exposure component of the foreign exchange rates is also referred to as a short-term economic exposure. This relates to the risk attached to specific contracts in which the company has already entered that result in foreign exchange exposures. A company may have a transaction exposure if it is either on the buy side or sell side of a business transaction. Any transaction that leads to an inflow or outflow of a foreign currency results in a transaction exposure
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EXERCISE 2-14 Journal Entries and T-accounts The Polaris Company uses a job-order costing system. The following data relate to October‚ the first month of the company’s fiscal year. a. Raw materials purchased on account‚ $210‚000. b. Raw materials issued to production‚ $190‚000 ($178‚000 direct materials and $12‚000 indirect materials). c. Direct labor cost incurred‚ $90‚000; indirect labor cost incurred‚ $110‚000. d. Depreciation recorded on factory equipment‚ $40‚000. e. Other manufacturing overhead
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responding to an accounting audit of the company’s ERP system controls and accounting records and financial statements. In order to prove that controls were in place to prevent fraudulent accounting transactions‚ records of our department’s policies and procedures had to accompany any request for transaction analysis. Luckily‚ policies and procedures were kept up to date the auditors were pleased and
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In economics and related disciplines‚ a transaction cost is a cost incurred in making an economic exchange. A number of different kinds of transaction costs exist. Search and information costs are costs such as those incurred in determining that the required good is available on the market‚ who has the lowest price‚ etc. Bargaining costs are the costs required to come to an acceptable agreement with the other party to the transaction‚ drawing up an appropriate contract‚ etc.. Policing and enforcement
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Startup Venture Transaction Analysis – Ybrain Generally I think it’s a good decision for Stonebridge Capital to invest in the Ybrain. My investment analysis mainly involves five parts: Market‚ Team‚ Product‚ Business Model‚ and Exit Options. First of all‚ I will look at the industry dynamics and market potential. Ybrain is a combined product of the medical device industry and the wearable tech industry‚ both of which are the emerging growth areas. Compared to the wearable products for general
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AT & T Financial Analysis A company’s past performance is a good indicator of its future outlook. Investors give proper attention to different ratios. In this report I am analyzing the financial position and financial performance of AT & T to conclude whether it is better to invest in the company or not. AT & T Inc. is the United States largest telephone services provider. Its main business involves local‚ long distance telephone services‚ DSL internet‚ digital television and wireless services
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document are related to financial transaction of the organization. The source document is essential to the bookkeeping and accounting process. It is the evidence that a financial transaction occurred. If a company is audited‚ source documents back up the accounting journals and general ledger as an indisputable audit trail.( http://bizfinance.about.com/od/bookkeepingessentials/qt/Source_Document.htm) The 7 book of prime entry is record the daily business transactions in chronological order based
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