Adjusted Gross Income

The purpose for finance is to plan for, obtain, and use resources in order to take full advantage of the efficiency and value of a business (Gapenski, 2013). Finance consists of accounting and financial management functions. This includes the handling of routine financial operations, such as negotiating contracts; making cash available for expenses like payroll; and maintaining a cash cushion for the unexpected (Brumley, 2015). The primary users would be the internal users, such as the…

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This office represents Nicole Braun with respect to two promissory notes signed by SITO’s former Chief Executive Officer, Jerry Hug. A copy of each of those notes is enclosed with this correspondence. The context of each of these notes was service provided by Mr. Hug, as an officer of SITO regarding the attempted disposition by Nicole Brown of restricted SITO shares. Mr. Hug repeatedly represented to Ms. Braun that he had the full authority on behalf of the Company to assist with the disposition…

Question 1 Accounting standards The accounting standards used by the organization in Australia, to prepare financial report under Corporations Act 2001 s296, are set by the Australian Accounting Standards Board(AASB). The accounting standard contains the matters to be disclosed in the financial statement. All the public and private sectors should apply these accounting standards to prepare the general purpose financial reports. Whenever the general purpose financial report is prepared,…

Adley- Week2 DQ2 Initial Reply Capital expenditures (CAPEX) are actual expenses incurred to purchase or maintain property assets. These cash outflows are capitalized on the balance sheet, shown as depreciable expenses on the income statement, and deducted over an IRS-specified term of 3-7 years. Explicitly regarding pro forma analysis, CAPEX are projected costs to maintain the asset in good repair, and a line-item section under improvements of the depreciation schedule, along with tenant…

1. Introduction The Consciousness of the people on financial literacy in decision-making initially becomes inspirations to this essay. Diversification of financial instruments and the complexity of procedure lead to the people realize on crucial role of financial knowledge. The Financial literacy concept is extensively acknowledged as a pivotal element within many areas of life when people begin to enter the modern global market, such as become an entrepreneur, an investor, or an officer. In a…

On the surface, college student loans appear to provide students with a fantastic opportunity by allowing young people to continue their education and further their careers. However, taking out student loans could be a material cooperation of evil. For instance, Alan Collinge, author of The Student Loan Scam: The Most Oppressive Debt in U.S. History – and How We Can Fight Back, had taken out loans to complete three degrees in aerospace engineering that totaled out to be $38,000 (vi). By the…

Forensic Lab Design Sherrie Davis CIS417 Professor Curtis Burch November 5, 2015 FORENSIC LAB DESIGN One of the first priorities for planning for a forensics laboratory is determining the budget. The purpose of the budget is to establish a broad overview of expenses and revenues to guide the organization's efforts during a designated time period, usually within a fiscal year. When planning a budget for a forensics laboratory there are three steps that should be considered, while…

COSTCO’s Internal Audit To: Management From: Audit Committee Date: December 6, 2015 Subject: Internal Audit The purpose of the internal audit is to protect Costco's assets through evaluating the acceptability and efficiency of internal controls; recognizing areas of possible risk, revenue improvement and/or cost reductions; and making sure transactions are authorized, completed, and logged as proposed. Costco normally knows sales, net of probable returns and at the period the member takes…

called “Adjusted CSOI”. Thus, in this situation, Groupon relied on the ACSOI metrics for its accounting standard, because the company found it more profitable under Non-GAAP metrics than GAAP in terms of its net income and operating income in the financial report. In addition, online marketing expenses, like expenses companies providing Internet marketing services, are always excluded in operating income by using the ACSOI metrics. Based on the GAAP metrics, Groupon measured its net income a…