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Problem 1: Cash flow problems are a major cause of insolvency and it is often created by delay in payments by customers. Cash flow planning involves making sure that a business generates enough cash at the right time to meet pressing liabilities.
For example, many manufacturing businesses have a cash cycle. They buy raw materials (parts) on credit and then manufacture goods, which they store as Inventory (stock). They then sell these goods on credit (funds, which may be due for payment from 1-3 months' time). In the meantime, they have overheads and a workforce to pay. A problem for traders is that they expect credit customers to pay on time. This provides the cash to continue the credit cycle and to pay wages and other outstanding bills. Unfortunately, the cycle often breaks down because creditors are slow to pay. This leaves the firm with a cash flow problem.
a) Based on the information above, it has always been companies' aim to have a favourable receivables turnover ratio. Discuss six strategies that can be implemented to reduce its receivable turnover in days.
Problem 2: You are a junior accountant in a Commercial Bank. Your senior accountant has asked you to make a report whether to approve a loan of a well-established SME. Discuss five (5) factors you will be examining about the SME before you decide whether to approve/decline a loan.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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