Accounts Essay Topics

Finance 3301 questions

Tom has a DSO of 20 days. The company’s average daily sales are $20,000. What is the level of its accounts receivable? (365 days in a year) DSO=Receivables/(Annual sales/365)=20 days So, Receivables/($20,000/365days)=20 days Receivables/54. 79=20, Receivables=$1095. 89 A company has a profit margin of 10% and an equity multi-plier of 2. 0. Its sales are… View Article

Load Shedding

Monthly collation and input of timesheets into payroll system, in a timely and accurate manner. Maintaining the records of invoices and creditor’s expenses. Prepare profit and loss statements and monthly closing and cost accounting reports. Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions Monitor… View Article

Strategic Plan, Part III: Balanced Scorecard

The paper will outline and explain the strategic objectives for the company C&C Enterprise Incorporated using the format of the balanced scorecard on page 5. The balanced scorecard provides a framework to translate a strategy into operational terms, thus providing measures of the following four quadrants: . Financial, Customer Value Perspective, Process or Internal Operations… View Article

Determining the Accounting for Receivables from Officers and Directors

Philadelphia Communications Inc. (“Philly”) is a public company that completed an initial public offering (IPO) a few months ago. John Sigar is the current CEO and member of the board of directors. He is the only family member involved in the business and owns significant amount of the company’s stock. While, we were doing audit… View Article

Internship at malaysiaairlines

As a part of requirement of Bachelor in Accountancy Programme, an internship training programme for six months is mandatory for every student in 7th semester. Therefore, it is necessary for me to complete my internship session in any company which offers relevant job scope and experience to my area and specialization. Previously, I had experienced… View Article

Dell’s Working Capital Case Solution

Substantive Issues Dell manufactures, sells, and services personal computers. The company markets directly to its customers and builds computers after receiving a customer order. This build-to-order model enables Dell to have much smaller investments in working capital than its competitors. It also enables Dell to enjoy more fully the benefits of reductions in component prices… View Article

Flat Cargo Berhad

FCB obtained listing in Bursa Malaysia on the 15 September 2001. The main core business was to provide air freight transportation within the Asian region. As a fast growing company, FCB secured agreements from well-establish company within the transportation industry such as Worldwide Express, United Parcel Services (UPS), Nationwide Express, City link and others. Issue… View Article

Catcher In the Rye vs. Grapes of Wrath

The inherent aversion to corruption in society often inspires individuals to respond to the issue in hopes of minimizing the drastic effects it may have on people. This shared disdain for such corruption is analyzed in The Catcher in the Rye and The Grapes of Wrath. Both authors address the corruption; however they do so… View Article

Butler Lumber Company Analysis

Based on the information and corresponding financial statements provided, we concluded that: Bulter Lumber Company has to collect money from outside resources to compensate its funding gap of 383,000 USD. From the perspective of banker, we won’t approve Mr.Butler ‘s loan request From the perspective of firm’s financial advisor, it is better to finance from… View Article

Dawson Lumber Company

Marketing Analysis: The Dawson Lumber Company was founded in the 1870s by the Dawson family to market the lumber on their land. In 1950, Dawson Lumber owned four small lumber yards in the Cornwall area, each operating as a separate company. However, in 1965, J.H. Dawson became president and amalgamated the four companies into the… View Article

Gerdes Psychological Services

E3-1B| (Transaction Analysis—Service Company) Brown is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. | | | April| | | | | | | 3| Purchased supplies on account $1,610.| | | | | 11| Completed a tax assignment and billed client… View Article

Competition Bikes, Inc. (CBI) Financial Analysis Report

In order to determine a company’s performance, analysis must be done for key metrics, including the ability to pay debts, how much cash or other liquid assets are available, and the company’s viability to continue operations. These analyses involve the review of income statements and balance sheets, where current and past performance will be studied… View Article

Managerial Accounting

Due to positive turnout of many businesses, cross-functional integrated systems is not only becoming a trend but will be here to stay. The whole system provides savings from time, cost and quality compared to manually re-entering of data from one business function system into another system especially if it is still on a non-integrated environment…. View Article

Case Study 08-1: Go With the Flow

$20 million were received from the insurance carrier as reimbursement for a building. The money will be used for the pension plan instead of rebuilding the facility. Sale of Accounts Receivable The Company sold $11million of its accounts receivable and got cash and beneficial interest in the transferred receivables. “The company uses the “financing technique”… View Article

Vertical and Horizontal Analysis

What is the difference between vertical analysis and horizontal analysis? Vertical analysis reports each amount on a financial statement as a percentage of another item. For example, the vertical analysis of the balance sheet means every amount on the balance sheet is restated to be a percentage of total assets. If inventory is $100,000 and… View Article