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As a new college graduate, you have been hired as the head of Accounts Receivable. Looking at the accounting records, you notice a lot of unpaid invoices that are over 2 years in arrears. The owner of the business keeps complaining about how much they have paid in taxes. They feel it is an excessive amount and do not seem to have the cash flow to keep paying it.
Question 1: You want to impress your new employer. You have decided to develop 5 tasks that would help clean up the records and provide your boss a "light at the end of the tunnel" to gain cash flow and pay less taxes. List each of the five actions, what method you would use (ex: net vs gross, direct vs allowance), and the result you would expect.
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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