Accounts Reports Samples For Students

Part A - The impact of accounting on the IT Development 4

Part B – Question 1 - Introducing or Upgrading Computerized Accounting Systems 5
(a) Advantages and Disadvantages of using a Computer Accounting System 5

Advantages 5

Disadvantages 5
(b) Considerations when setting up a Computerized Accounting System 6

Completion of an Accounting Cycle 6

Recording all Transactions from Manual Trial Balance 7
Running a Trial or Testing Phase 7
Verification of the Computerized Accounting System 7
(c) Chart of Accounts and Coding Structure is Followed by Impetus Limited 8

Part B – Question 2 - Accounting Packages 8

(a) The Features of an Accounting Package 8

Security 8

Reporting 9
Interdepartmental Operations 10
(b) ‘Module’ in an Accounting Package and its Purpose 10
(c) ‘Integrated’, ‘Semi-Integrated’ and ‘Non-Integrated’ Modules ...

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Abstract

The healthcare providers are focused to enhance the healthcare status in the country by means of remaining responsive towards the healthcare need of the nation. The public healthcare organizations address the healthcare need the residents at the national level by offering the effective healthcare services. The current paper has conducted the situational analysis by means of conducting PESTEL and SWOT analysis to assess the external and internal environment and it has been observed that Hamad Medical Corporation has the potential and resource to extend its healthcare services to address the wellbeing of the nation in a broader ...

RESEARCH REPORT

INTRODUCTION
The French accounting had a long way of establishment and development. More so as France was a country with many colonies throughout the whole world. Despite the fact that the metropolis did not really want to develop thee colonies, as only their resources interested the French government, the French accounting system still had an immense influence on the development of the accounting systems in these countries.

French accounting found its origins under the reign of Louis XIV. The first mention and example of an accounting attempt was undertaken when the French wrote an official document named “Ordonnance”. The ...

Revenue Cycle Training Opportunity

Introduction
Accounts receivable (A/R) refers to revenue owed by client and third party payers. Its main objective is to minimize the duration that accounts are outstanding. These accounts are stated as short-term stakes and unsecure promise that the recipient will pay in future. A plan is made in the accounts of the institution to balance accounts receivable that are not met as losses. To minimise this loss a well organised insurance A/R staff is put in place. The purpose of this report is to analyse the best way to come up with a competent training program for insurance A/R ...

In a building and construction business, proper financial management is essential for the smooth of running of the business and achievement of profits. The essence of financial management is in proper record keeping. The table below shows the basic records that are a must in any business, the person responsible, frequency, review process, and why the record.

RECORD

PERSON RESPONSIBLE

WHEN TO BE PREPARED (FREQUENCY)

REVIEW PROCESS

WHY YOU NEED RECORD

Petty Cash

Accounts Clerk

Weekly

Manager reviews the petty cash system on a quarterly basis so as he can balance and reimburse money in the office.

Certify that minor purchases not ...

IBM Projected Financial Statements

Income Statement
IBM has five reporting segments namely: Technology services and cloud platform, Global Business Services, Cognitive Solutions, Systems hardware and Global financing (IBM). The assumptions of the projected income statement are as follows:
Technology services and cloud platform that accounts for 44.92% of all revenue is projected to grow at 14% as more businesses sign up for the service, and an increase in the services through partners such as VMware and GitHub
Global Business Services that accounts for 22.46% of all revenue is projected to grow at 8% as the business shifts its focus to cloud, analytics, security, ...

Procter & Gamble is a Multinational consumer goods company which was incorporated in 1905 in Ohio, United States. It manufactures several consumer products and offers around 65 different brands under several product categories such as “Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care” (The Procter & Gamble Company, 2016). The company sells its products in almost 200 countries and conducts on-the-ground operations in almost 100 countries.

Balance sheet

P&G follows generally accepted accounting principles applicable in the Unites States for presentation and preparation of its financial statements. Much like other publically traded companies, P&G also electronically files its annual, ...

In the healthcare industry, failure to efficiently collect patient revenues, or to invoice and receive payment for services, can seriously undermine a practice’s ability to meet its obligations, much less profit. While it is essential to weigh the balance between profitability and the provision of high quality patient care, it is also important to establish a revenue management cycle that is aimed at capturing and managing patient service revenue (Oregon Health and Science University, 2016). As such, the following recommendations can be made, as it relates to the selection of Hamilton-Reach Financial Services as a collection agency, or ...

Debtors filling system will be the responsibility of the accounts clerk and is prepared when the business is preparing and updated on a weekly basis. The records are prepared and recorded in the debtors’ accounts. The debtors’ accounts may either be debtors’ receivables or the debtors’ payments accounts and this is determined by the payment method of the debtors. The accounts are usually reviewed either on quarterly basis or annually depending on the volume of work carried out by a business. They may also be reviewed when an audit is being carried out and this has no specific time, since it ...

Business Accounting Assignment 1: Business Report on Accounting Practices and Financial Standing of Crafty Limited

Introduction
Final Accounts are prepared at the accounting cycle in order to determine the financial state of a business during a designated period. Preparation of final accounts include Manufacturing and Trading account statements, Profit and Loss Account sheets and the Balance Sheet. In order to calculate the amount of profit or loss a business entity has generated within a specified period, the Trading, Profit and Loss Account is prepared; since the Balance Sheet provides a snapshot of the assets and liabilities of a business, its interpretation reveals how financially viable the business is currently; while the most important function ...

Financial Institution Supervision: Insurance Companies

Introduction
Insurance, in the simplest terms, means a transference of risk from the insured to the insurer. Around the world, individuals, families and businesses take advantage of the provisions of insurance so as to protect the possibilities of catastrophic losses that could occur due to loss of life or failure of a business. Over a period of time, the insurance industry has matured to throw up a multitude of products, and has grown into a multibillion-dollar industry.
The management of risk is the key to the operations of the insurance industry. While insurance agencies have necessary internal checks and ...

Internal controls

Sales department: sales clerk are in charge or receiving orders, calculating commissions and discounts, and recording the sale in the journal. Since the sales clerks are paid on commission, there is a risk that sales clerk may inflate their commissions or record fictitious sales.
Accounting department: The accounts clerks are in charge of receiving customer checks, updating sales ledger, and recording the cash in the cash receipts journal. There is a risk that the accounts clerk may fail to record all the cash received and balance it out by failing to make the necessary entries in the sales journal ...

Activity 1: Appendix D; Financial Activity Tasks

A: Asset Register
B: Transaction Allocation and Coding
C: Identification of receipts and payments
Coding: R = Revenue, P = Payment, CR = Cash Receipt

D: Allowances and deductions

E: Other statutory reports for a partnership
Annual income tax
The annual income tax does not take into account the cost of personal expenses invested in the business partnership and do not also account the marginal costs. The production costs undergone by the partnership are not reflected in the report. There should be a partnership act to reflect on the mode of cost sharing and profit or revenue management in the business development in the annual reports ...

Introduction
The business Fresh Food is a national company operating in many areas across the United Kingdom. It operates in the tertiary sector as it provides a service to customers and does not create or harvest materials. It is a relatively large company and currently employs 460 people and has a turnover of 18 million per annum. Fresh Food sells a vast variety of products including groceries, drinks, baked food and electrical goods such as phone top-ups, lottery tickets, gas and electric cards.
There are a large amount of competitors in the market located all across the country; food is a multi billion market ...

Executive summary

In recent years, the issue of corporate governance and ethics has grabbed attention in the light of corporate scandals that have reported since the Enron scandal. Scandals emerge is environment where corporate governance is weak (Knell, 2006 pg 162). These unethical practices start at the accounting department or elsewhere but covered up during preparation of the accounting records of the company (Knell, 2006 pg 165). The possibility of fraud in accounts poses the single most corporate risk. This report will explore Classic Hotels Inc, its structure, internal and external environment and finally zero in on accounting systems and controls ...

Introduction

Ceros Inc. is a self-made creation that operates from New York. The firm deals with developing brands to grow revenue by exhibiting information about the name in decorated, magazine-like structures on devices such as tablets and phones and through websites and social media platforms. The company is looking for a Sales Development Representative who will join the efficient team of sales representatives reporting to Chief Revenue Officer.

Develop preliminary job information

The Sales Development Representative will produce new business opportunities in following a prescribed process into targeted accounts. The selected individual will learn how to recognize and research lists of firms to focus ...

Executive summary

Cases of negative experiences on Facebook are on the rise hence the need to research on effects of such events with regards to gender. Cyber bullying is an online epidemic for both males and females with the teens being the worst affected since they are the ones who spend a lot of time interacting on Facebook. However, females are prone to incident of cyber bullying more than their male counterparts since the latter engage more in peer harassment. Among the acts that expose ladies to incidences of cyber bullying on Facebook include spreading rumors about someone online, distributing unflattering ...

Abstract

Financial analysis is an essential tool in the hands of the manager, as it is with its help the decisions related to the company’s finances are taken. Without the analysis and grounds for making such management decisions, the firm cannot achieve the desired level of income, or the lack of financial settlement will lead the company to bankruptcy. The purpose of the assignment was to perform financial analysis of a company listed on the Bursa Malaysia. Dominant Enterprise Berhad was chosen for the completion. The Malaysia-located company turned into public listed organization with thirteen subsidiaries, operating on production ...

Executive Summary

Facebook is a company and an online social networking service that is based in Menlo Park, California. It first was launched in 2004 by its founder, Mark Zuckerberg along with some of his classmates in Harvard University. The initial membership of the site was limited to Harvard University students, and then spread among ivy league students, and later on to the rest of the world (Carlson, 2010). The number of views to the site reached 1 trillion in 2011, and became the world’s second-greatest accessed site after Google (Fernandes, 2011). The analyses performed in this paper resulted in ...

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{Institution Affiliation [name of Author’s institute]}

Introduction

Integrated Distributors Incorporated (IDI) is a public trading company with office locations in Montana, Brazil, Poland, Australia, Africa, China, Japan and Hong Kong. IDI has accounts of federal governments, state governments, and major market retailers. IDI operates a fleet of trucks and has a network of sub-contractors of freight, storage and delivery. IDI has been under severe pressure because of the competitive market to improve upon its delivery, route and vehicle fleet to reduce cost and increase profit. A high-level introspection and analysis revealed with the flaws ...

Debtors’ system

The debtors’ system will be the responsibility of the business accountant.

The debtors’ system will be used to develop debtors’ records at the end of each month.

The debtors’ system will be reviewed at the end of each month to ensure that the level of debtors is within the business allowable limits and to ensure that the risk of bad debts is minimized.

Cash book

The cash book will be the responsibility of the accounts clerk.

The cash book will be reconciled at the end of each working week and reconciliations with cash in hand and cash in bank made.
...

Charity 1: School PTA

The Parent Teachers Association in focus is a charitable school organization in a primary school. It is made up of volunteers who consist of parents, guardians, alumni and teachers who come together to generate resources for school programs, events or the acquisition of resources that are not included or planned for in the school budget. The PTA’s committee is made up of five executive members and other volunteers selected during the School’s Annual General Meeting held every September. The Executive position on the PTA Board include; the Chairperson, Vice Chairperson, Secretary, Treasurer and the Vice Treasurer. The ...

Introduction

The report discusses the outcome of the financial analysis of Fresh Fashion for the period of three years beginning 2014 .As part of this analysis, we will exclusively focus on liquidity assessment, and inventory and account receivable management of the company. While the sole objective of framing this report is to appraise the investment opportunity in the company’s stock, however, since we are only using financial ratios as the tool of assessment, we will also discuss some of the limiting factors of financial ratios.

Ratio Analysis

Financial ratios allow us to transform raw financial figures into useful multiples, which can ...

Done by

Noureldien Al Masri
INTRODUCTION:
There is no doubt that Riva is one of the famous brands that operate in a number of countries. The company has to develop and expand on its operations because there are a lot of competitors in the market and the company should keep up with the latest updates in the fashion market around the world. The collections that are presented by Riva allow a mix of Western and Eastern inspirations to present a unique look with a special appeal. The outstanding collections are out of extensive creativity. The collections allow every woman to express ...

The reality of higher court lacks the excitement one may have grown accustomed to in the evening television crime dramas, but the wheels of justice were turning today nevertheless.
Ryan Barley was one of two defendants whose cases were brought before Judge William Worsham today in district court. Barley appeared in an orange jumpsuit and leg and waste shackles.
Barley is accused of theft by embezzlement after being connected to a scheme to move thousands of dollars from a local construction union to private accounts opened earlier this year by Barley. State investigators were called in when an audit ...

Final co-op report

Province
Introduction
The purpose of this report is to contemplate on the knowledge and skills that I have acquired during the co-op work term. During my co-op term work, I was an accountant trainee and the experience enabled me to apply the knowledge acquired in class, and also gave me an insight into the future of my career. In this report, I will include my strengths and weaknesses as was revealed by my experience in my co-op term work. Skills, weaknesses, and strengths will be listed as part of my self-evaluation. I will also conduct an evaluation of my ...

MANAGEMENT ACCOUNTING

Standard Costs Used for Variance Analysis and Favourable/Unfavourable Terminologies with Suitable Examples 8

References 11

Management Accounting
Differences between Management Accounting and Financial Accounting and the need for Investing in the latest Accounting Software
Audience Served
The basic difference between these two accounting fields is that the management accounting is concerned with providing information to internal stakeholders of an organisation such as the senior management, supervisors and employees. In contrast, financial accounting provides information about the financial health of the business to external stakeholders such as potential investors, shareholders (in case of a publicly traded company), tax authorities, lending institutions and ...

Introduction

Contemporary business, political and social environments have changed under the influence of globalization, consequent internationalization of business portfolios, size and scale of the activities and even the tremendously increased international mobility of individuals. It is difficult to argue that the future of the Oil and Gas industry have changed with the growing influence of OPEC, economic growth, observed in non-OECD countries and climate change policies and legislation around the globe (Martin, 1995). The access to the new fossil reserves and the changes in the distribution of these resources also have had a significant impact on the ways the future ...

Exports and Imports

When it comes to exports and imports, Chile ranks highly as one of the best countries in the international market trade. Chile has several trade agreements with big countries such as the USA, Canada, and others in the European Union. Chile’s ability to perform well in the international trade is favored by its ranking as one of the least corrupt countries in South America.
Chile main export products include fruits, pulp, copper, paper fish, wine and chemicals (Morrison, 200). Most of these goods are exported to the United States of America. Additionally, exports to China, especially for copper, ...

China’s Economic Trends

China is an emerging economy with a GDP of $13.98 trillion and a per capita income of $10,165 (2016). The Chinese economy the biggest after U.S.’s by GDP and the largest by purchasing power parity. China is considered a tiger economy because of its rapid economic growth during the past three decades and has recorded an average growth rate of 9.91% between 1979 and 2010. Currently, the economy is growing at an average annual rate of 6.7% (Wildau and Mitchell). In the past few years, China’s market for wine has expanded dramatically. Wine consumption is a ...

BUSINESS MANAGEMENT AND DECISION-MAKING PROCESS: CAIFU

Executive Summary
Caifu, in an effort to maintain its growth and sustainability, looks to invest its money in a credible organization that has a sound management system and trustworthy leadership. Currently, the companies at its disposition include H&M and Next. Prior to committing any initial capital outlays to one of these companies there is a need for a very thorough analysis in relation to what choice would be lucrative to Caifu especially in the long run. As an employee affiliated to Caifu and its interests, I have been asked to come up with a management report to forward to ...

Abstract

Phillips Morrison International is one of the most iconic brand in the tobacco and cigarette industry. Rated as the most innovative company in the industry,over the years, Phillips Morrison has diverted their focus on emerging markets that account for 80% of the global demand,while the westernized consumers are being introduced to next generation products. However, the focus of the company remains in Asia Pacific region as it looks to target growing population of India, China and other Asia Pacific regions. Even on the financial terms,the company is performing better than its core rival, British American Tobacco ...

Who are we? The National Bank of Canada is an incorporated group that offers an inclusive financial service to clients. Its customers are small, medium-sized firms and big corporations that are in the major market of the bank while providing special services elsewhere around the globe. The NBC offers a full range of services such as corporate, and investment banking in this sector. Moreover, it is considered as an active player on the world markets. What do we do? The bank participates in the brokerage of securities, management of wealth, the mutual fund and the retirement plan arrangements as ...

Introduction

This paper seeks to conduct an analysis for the financial performance of Lexus in relation to other industry competitors; Jaguar, Mercedes, Porshe and BMW. In order to arrive at objective results, the analysis will compare various financial and performance metrics for the businesses. It is a purely objective analysis that will be based on the figures obtained from the annual reports of the companies.

Return on capital employed (ROCE)

Return on capital employed is a metric for a company’s profitability and the effectiveness of its capital employment.
ROCE = Profits before interest and tax/Capital employed.
A significantly huge amount of ROCE is a clear ...

Introduction

Myths and legends played a vital role in the progression of culture of the great civilizations of in the ancient world. In today’s ideological contemporaries, the role of myths to a specific culture fascinated scholars for ages and several theoretical approaches were attributed to understanding the context of myths. In this discussion Eastern mythology will be explored specifically the myth of the creation of the universe and Japan. Exploring the mythological context of creation employs the feminist and anthropological theoretical underpinnings. In addition, referencing other literatures to explain how the Japanese society makes use of the myth, its ...

Executive Summary

A strategic analysis of Amazon is employed in this document in order to highlight the major problems that must be considered by the management. The company is considered a leader in electronic retailing globally, however facing a stiff competition from its counterparts as bricks and mortar companies as they are emerging in the contemporary corporate setting and establishing their online presence. Amazon is engaged in finding ways to adequately address the contemporary challenges in the global marketplace in order to maintain its competitive position and subsequently attain a greater share of profits from the international market.

Introduction

Amazon is deemed ...

The creation of cash flow statement was done by the FASB so that the stakeholders of the business including creditors, owners, and managers can receive a higher amount of information about the receipts and expenditures of cash. Though there is the provision of showing the cash balances in the balance sheet at the end of every period, there is no further information given on the balance sheet, statement of owner’s equity or income statement. The creation of a cash flow statement solves this problem without fail.
The basic purpose of a cash flow statement is the provision of ...

INVESTMENTS

Economic overview
The economy of Jamaica greatly relies on services that accounts for over 70 percent of its GDP. The Nation continues to earn most of the foreign exchange from remittances, tourism and alumina/bauxite. Both tourism and remittances accounts for 30 percent each, whereas alumina/bauxite exports contribute roughly 5 percent of the GDP. The alumina/bauxite sector was the greatly affected by global downturn whereas the remittance flow and tourism industry remained resilient.
The economy encounters several challenges to its growth including soaring corruption and crimes, huge-scale underemployment and unemployment as well as a debt-to-the-GDP ratio that is about 130 ...