Accounting - Corporate Finance
How this finance and budgeting course has made an impact on you as a professional and describe the most valuable learning you will take with you.
Finance and budgeting are two of the most ethically difficult yet necessary areas for a university to address. No matter how high the ideas of an academic institution, these ideals must be paid for, and translated into real, financial terms through the budgetary process. Negotiating a budget is difficult because economics is the science of scarcity -- to finance a new program almost inevitably requires cutbacks in other areas, and sacrifices of time as well as money. Making budgeting decisions requires difficult moral choices that will hurt some people and reduce the effectiveness of the institution in some areas. For example, cutting the funding for under-utilized departments may make tuition more affordable, but can hamper the university's academic excellence and reputation for providing a well-rounded education, make current majors in those disciplines unhappy, and frustrate the faculty in the slashed departments.
The budgeting process requires the university to have a clear sense of its core values: What is more important -- a new athletic facility or maintaining high salaries for faculty? The way that a university education is transmitted to students will also be impacted by the budgetary process. Providing more online courses may cut facilities expenditures, but students will be deprived of the benefits of peer and professor interaction. These classes may be taught by adjuncts and non-tenured faculty -- is it right to create a culture of poorly paid teachers who do not receive benefits?
The most important lesson is that no institution can be all things to all people -- the institution must set priorities and strive to achieve its goals. By trying to do everything, given the limited resources at its disposal, the university will inevitably fail.
2009= (9,172,000 x365) / 63,729,000 2009= 52.53 2010= (9,211,000 x 365) / 63,398,000 2010=53.03 Trade Receivables Collection Period The ratio reveals how long a company is able to collect the funds from credit customers owed the business. However, the financial statements of Jameson plc for 2009 and 2010 revealed that the company does not generate revenue from credit sales. Thus, the company credit sales revenue for 2009 and 2010 fiscal years are £0 for the
Accounting Homework a) TJX' current ratio = 1,743,105/1,306,846 = 1.33 b) OshKosh current ratio = 123,962/47,086 Although Oshkosh current assets and liabilities are relatively small compared to TJX, the company's current ratio is much higher. This means that it is in a better relative position to pay its bills c) There are a few items that might be difficult to turn into cash. For example, deferred income taxes couldn't be converted into cash quickly.
Accounting and Finance Determine the costs that should be capitalized in the machinery account Capitalization is the act of recognizing costs that provide a future economic benefit by setting up an asset account (Power Point). The costs that should be capitalized include: Cost of raw materials used during trial runs of machinery $1,000 Additional materials, lumber, steel, and other supplies needed in installation $35,400 Wages paid to company employees to help unload and install the
Accounting and Finance Solving Problems Solutions P4-5: Microsoft Statements of Cash Flow 1999-2001 The Microsoft Corporation uses the indirect method to prepare the statement of the cash flow. The cash flow by operating activities is prepared by reconciling from the net income to the net cash. As being revealed in the Microsoft statement of cash flow, the net income, depreciation, amortization, account receivables and others are used to arrive at the net
International Accounting Undergraduate degree Accounting & Finance 1. The Assignment "Several organisations involved efforts harmonise accounting practices rregionally internationally. The important players effort European Union (regionally) International Accounting Standards Committee (IASC) ( IASB) (internationally). There have been a series of efforts during recent years with the aim of developing a common agenda of accounting standards. The fact that there are several alternatives of accounting practices, for example, contributes to making it
ACCOUNTING AND FINANCE Accounting and Finance: Apple 10KAs the mission of the US Securities and Exchange Commission (SEC) is to safeguard its investors, which it does through offering mutual funds, retirement plans, and various other types of investments (SEC. gov, 2021). They believe in treating everyone equally and fairly, for which orderly market maintenance is believed to be mandatory. It is done by being responsive to the market needs that
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