This website uses cookies to ensure you have the best experience. Learn more

Accounts Management Essay

2231 words - 9 pages

| |
|Management Accounting & Decision Making. |
|Module Code TH50034E |
|Level 5 |
|Module Tutor : Sue Niven Spence |
| ...view middle of the document...

The report tries to give insights about financial information, presentation of financial information and options available for managers to respond to different scenarios in order to keep the budgeted figures unaltered. Furthermore, the report tries to give insights about different investment appraisal techniques available in the financial management field. This includes both advantages and disadvantages of each method so that the reader can get a better understanding and chooses the most appropriate technique.

Task 1 Budgeted Financial Statements

Miranda company

Cash Budget for 6 months

| |April |May |
|Sales income | |454500.00 |
| | | |
|Cost of goods sold | | |
|Beginning inventory | | |
| Foods and drinks |10000.00 | |
| Miscellaneous items |5000.00 | |
|Add: purchases |90900.00 | |
| |105900.00 | |
|Less: Ending inventory |(10000.00) | |
|Cost of goods sold | |(95900) |
|Gross profit (Loss) | |358600.00 |
| | | |
|Expenses: | | |
|Wages |90900.00 | |
|Overhead cost |113625.00 | |
|Losses for china glass and cutlery |500.00 | |
|Losses for bed linen and towels ...

Other Essays Like Accounts Management

Stop Spreading Erroneous Accounts on Africa

1593 words - 7 pages unfairness in the coverage of Africa. The sad truth is that some of the tainted minds that report erroneous accounts on Africa have never been to Africa. So, my advice to you is to forget the staged images on TV that pollute the minds of investors. These images are influenced or manipulated by biased “journalists” whose only intents are bent exclusively on ameliorating sales. These so-called journalists and their paid local artists present images that

What Personal Accounts For Social Security Should Be

894 words - 4 pages In his State of the Union Address, President Bush said that the Social Security system is headed for "bankruptcy," He also made his proposal on private Social Security accounts. What the president proposed sound like a good idea, but in fact they violate the rules and are not following the current facts.The president said: "In addition, you'll be able to pass along the money that accumulates in your personal account, if you wish, to your

Ais Doc Flowchart

1318 words - 6 pages diagram Purchasing Receiving Purchase Order Receiving Report S&S Accounts Payable Invoice Payment & Remittance Advice Vendor Accounts Payable Report Management Level 0 Data Flow Diagram of S&S Accounts Payable Vendor Purchasing Receiving Invoice Purchase Order 1.0 Record Payable 2.0 Collect & Store Purchase Orders & Receiving Reports Receiving Report Purchase Orders Accounts Payable

Cash Management Services

1786 words - 8 pages employing the services, and quarterly tax reports for the organizations (U.S. Bancorp, 2011). The workforce banking offered to the businesses by US bank offers many different cash management tools rolled into just one option such as health savings accounts for their employees, discounts on lines of credit and loans, bonus interest on certificates of deposit, rewards on checking accounts and bankcard usages, and money market accounts (U.S

Managment of Account Receivable

4263 words - 18 pages Management of Accounts Receivable December 1997 Contents Preface Introduction The Accounts Receivable Process Re-Engineering Accounts Receivable Risk Management Use of Advanced Technology Debt Collection Processes Performance Measurement Appendix Preface This guide accompanies the Auditor-General’s Audit Report No. 29, Management of Accounts Receivable in the Commonwealth. It is intended to provide an overview of the current trends and

Info Systems

550 words - 3 pages of accounting, finance, human resources, marketing, and management is vital to managing a well rounded information system. Understanding which system can work to fulfill the most important needs will prove to be the most useful systems. Modern organizations require highly specialized information systems to meet the needs of their business environment. Accounting departments look to satisfy accounts payable, accounts receivable, asset management

Cash Management

1103 words - 5 pages Cash management is also known as treasury management for businesses. Treasury management through commercial banks helps a company manage their funds through special business bank accounts. All banks have a department dedicated to treasury management that covers trading through bonds, money that can include all currencies and risk management. PNC Bank has many different services that are offered through their cash management programs. One of

Term Paper

636 words - 3 pages , timely and accurate way that also supports the overall goals of the department and | | |the company. | | |Accounts Receivable and Order Management Processes: |70% | |Perform accounts receivable activities including: cash application

Roi Accounting Cycle

747 words - 3 pages . Katherine Cody is the company’s senior accountant and has been in this position for two years. Katherine oversees the three staff accountants and is in charge of setting of new accounts for payables and receivables. The senior accountant assists in the monthly management reports and schedules, handles variance reports, and safeguards that deliverables comply with regulatory guidance and professional standards. Guidance also requires the senior

Working Capital

902 words - 4 pages relating to inventories, accounts receivable and payable, and cash. Because this number effectively corresponds to the time that the firm's cash is tied up in operations and unavailable for other activities, management generally aims at a low net count. In this context, the most useful measure of profitability is return on capital (ROC). The result is shown as a percentage, determined by dividing relevant income for the 12 months by capital

Risk-Based Auditing, Strategic Prompts, and Auditor Sensitivity to the Strategic Risk of Fraud

952 words - 4 pages favorable positive result. For example, standard-setters can authorize that auditor to discuss about which accounts could be perceived by management, opportunity of manipulation, and how does it happen. The promotion can help auditors to create more strategies for resource allocation decisions. Also, the risk based auditing can be strengthened by the prompt. d. Describe the research methodology used as a basis for the conclusions. Kendall Bowlin

Related Papers

Contra Accounts Essay

1513 words - 7 pages Contra Accounts  Financial statements are required to present appropriate asset valuations and profit measurement. Some assets accounts decrease in value * where property, plant and equipment are being used over time * where there is a risk that business may not collect all debts owing to it Contra accounts are negative asset accounts that are used to recongise expenses and related value changes without changing amount in control

Accounts Computers In Acounting Essay

1732 words - 7 pages accounting software package, it is relatively cheaper like maintaining a manual accounting system; * More timely information can be produced; * No more manual processing of the data- all automatically been posted to the various ledgers/accounts and * Many types of useful reports can be generated for management to make decisions 12.3 NEED AND REQUIREMENTS OF COMPUTERSIED ACCOUNTING The need for computerised accounting arises from

Accounts For Small Business Essay

3175 words - 13 pages List of tables Table 1- Cost per unit……………………………………………………………. 9 Table 1.1- Materials usage budget…………………………………………….. 10 Table 1.2- Production budget…………………………………………………… 11 Table 1.3- Sales budget…………………………………………………………. 12 Table 1.4- Cash budget………………………………………………………….. 13 Table 1.5- Income statement……………………………………………………. 14 Table 1.6- Balance sheet………………………………………………………… 15 Table 1.7- Break-even analysis chart and table………………………………. . 16

Accounts Receivable Turnover And Dso Essay

1045 words - 5 pages ACCOUNTS RECEIVABLE TURNOVER AND DSO Accounts Receivables Turnover is a close cousin to the Inventory Turnover ratio. It can be used to determine whether the company is having trouble collecting on sales it provided customers on credit. To compute Accounts receivable turnover, divide sales made on credit by average accounts receivable. Since many companies do not disclose how much of the sales were made on credit, investors often use total