Gross income

a) The Vault Cashier will decide when a transfer of funds shall be made to/from the vault. b) The proper form will be prepared showing the amount of monies that shall be transferred to/from the vault. All transfers will be documented with a vault receipt. On the vault receipt, a reason will be noted on the vault transfer. c) The transfers of the monies take place. d) The vault cashier makes the appropriated entry to the daily cash summary report and/or vault reconciliation. e) The vault must be…

Lee’s Model vs. Lawson’s Model There are some basic differences in the Lee and Lawson proposal for formulation of Cash Flow Model. Firstly, Lee conceived the structure of cash flow accounting as an inter-locking series of statements for a variety of users. Lawson, on the other hand, is mainly concerned with the provision of cash flow data to improve the information base of investors and financial managers. Secondly, Lee’s system is enterprise oriented, intended for a variety of user group, and…

• Who’s set the price and transaction fee? For On US and OFF US transaction, for debit and credit card instrument. • Who does determine the pricing or transaction fee? How are the transaction price/transaction fee set? How to share the price “as income” to each party for example sharing the fee to the National Payment Institution, issuer, acquirer and other? • Is it the responsible of JCB to resolve dispute transaction of customer? How about with the bank, merchant and also switching company…

Recommendations and Lessons Learned Mah Sing Group Berhad has shown outstanding performance throughout the years from 2013 to 2015. Some lessons that can be learned from the company have been identified. Firstly, the company has a high level of cash pile estimated to be RM1.1bil in 2015 which is double of 2014. Deposits, cash and bank balances consist of monies received from purchasers and also for the payment of property development expenditure incurred. High cash piles offers security against…

1.0 Description of the selected organization The company that I have chosen is Maicador Sdn Bhd. Maicador Sdn Bhd is founded in 1976 and located in Northern Region of Peninsular Malaysia. Previously, Maicador is a subsidiary of Malaysia Aica Bhd. Malaysia Aica Bhd was incorporated under the Companies Act 1965 on 4th December 1968 as a limited company. It has since 7th March 1984 listed in Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange). Malaysia Aica Bhd is an investment holding…

Accounting is define as the art of recording, categorizing, summarizing and reporting a business transaction in a trivial fashion and in regards to money, the summary of this transactions are in the preparation of financial statement, which includes, income statement, balance sheets and cash flow statement, that sum up and interpret the operations performance of the company’s over a specific time period (Financial Accounting, n,d). Whilst Managerial accounting is define as the method of…

Introduction The financial analysis of a company is important to determine its success and progression into new business endeavors. In this analysis, I will discuss the financials of The Hershey company, as well as how the company derived. Milton S. Hershey, founder of The Hershey Company, established remarkable endeavors for the company that still proves success. Milton S. Hershey, established early on it was the best maker of chocolate. He relayed this in their mission and vision statements.…

1. This week we are comparing and contrasting two pyramids. The first of the two pyramids is the Step Pyramid in the funerary complex of Djoser. The Step Pyramid is dated to 2630 to 2575 B.C.E. It is roughly 204 feet tall and made out limestone. The Step Pyramid is located in Saqqara Necropolis in Egypt. The second of the two pyramids is the pyramid known as El Castillo. El Castillo is dated to the 9th to 12th Century C.E. it is roughly 98 feet tall and made out of limestone. El Castillo…

Final Project Part 1 Tina McGee Due 9/25/2017 I. Analyze Roles and Responsibility for Compliance A. A finance manager is tasked to manage the funds of a company to the best benefit of the company while following compliance guidelines. To do this some of the decisions a finance manager would make would pertain to the capital structure of a company, input on investment and dividends, cash management and very importantly evaluating the financial performance of the company. B. As a financial…

Kaplan and Norton’s Balanced Scorecard provide four perspectives that assist in creating vision and strategy as follows: Finance – Observes high level financial objectives and measures and asks how does a company look to its shareholders? Customer – Focuses on customer satisfaction and asks how do customers view a company? Internal Processes – Focuses on how well the company is run and if a company is providing what the customers want, or answers the question, what should a company be best at…