BSBFIM601 Manage finances
|
|
- Pauline Walters
- 5 years ago
- Views:
Transcription
1 ADVANCED DIPLOMA OF BUSINESS BSB60215 Study Support materials for BSBFIM601 Manage finances STUDENT HANDOUT
2 ELEMENT Elements describe the essential outcomes. 1 Plan for financial management 2 Establish budgets and allocate funds PERFORMANCE CRITERIA Performance criteria describe the performance needed to demonstrate achievement of the element. 1.1 Review and analyse previous financial data to establish areas which have generated a profit or loss 1.2 Undertake research to review reasons for previous profit and loss 1.3 Review business plan to establish critical dates and initiatives that will require or generate resources in the next financial cycle 1.4 Analyse cash flow trends 1.5 Review statutory requirements for compliance and liabilities for tax 1.6 Review existing software and its suitability for financial management 2.1 Use previous financial data to determine allocations for resources 2.2 Make informed estimates of new items for inclusion in budget 2.3 Prepare budgets in accordance with organisational requirements and statutory requirements 3 Implement budgets 3.1 Circulate budgets and ensure managers and supervisors are clear about budgets, reporting requirements and financial delegations 3.2 Manage risks by checking there are no opportunities for misappropriation of funds and that systems are in place to properly record all financial transactions 3.3 Review profit and loss statements, cash flows and ageing summaries 3.4 Revise budgets, as required, to deal with contingencies 3.5 Maintain audit trails to ensure accurate tracking and to identify discrepancies between agreed and actual allocations 3.6 Ensure compliance with due diligence 4 Report on finances 4.1 Ensure structure and format of reports are clear and conform to organisational and statutory requirements 4.2 Identify and prioritise significant issues in statements, including comparative financial performances for review and decision making 4.3 Prepare recommendations to ensure financial viability of the organisation 4.4 Evaluate the effectiveness of financial management processes
3 Financial planning and control mechanisms In a financial report three statements are needed these are the balance sheets, cash flow statements and income statements. Examples are provided below for Clearwater Pty Ltd. STANDARD SET OF FINANCIALS Documents include: 1. Profit and Loss as at 30 June Profit and Loss July 2014 to June Profit and Loss June 2015 with YTD 4. Balance Sheet as at 30 June Accounts List 6. General Ledger for June Trial Balance 8. Aged Receivables 9. Aged Payables 1. PROFIT AND LOSS AS AT 20 JUNE 2014
4 Clearwater Pty Ltd Profit & Loss Statement June 2014 Income Cost Of Sales Gross Profit $0.00 Expenses General & Admin Expenses Accounting Fees $9.09 Payroll Expenses Superannuation $ Wages & Salaries $4, Total Expenses $4, Operating Profit ($4,830.25) Other Income Other Expenses Net Profit/(Loss) ($4,830.25)
5 2. PROFIT AND LOSS JULY 2014 TO JUNE 2015 Clearwater Pty Ltd Profit & Loss Statement July 2014 through June 2015 Income Sales Income Sales - Spring Water $7, Sales - Carbonated Water $6, Sales - Water Cooler $38, Sales - Crock $5, Sales - Stands $1, Sales - Other Equip $9, Service Income Service - Coolers $1, Service - Other Income $1, Time Billing Income Travelling Time $ Total Income $72, Cost Of Sales Purchases Equipment $31, Total Cost Of Sales $31, Gross Profit $41, Expenses General & Admin Expenses Accounting Fees $ Advertising $9, Bank Charges $ Depreciation $ Office Supplies $1, Subscriptions $ Operating Expenses Car Expenses $2, Cleaning $ Electricity $2, Insurance $ Office Rental $8, Other Operating Expenses $ Photocopy $ Postage $7.50 Printing $ Telephone $1, Payroll Expenses Superannuation $6, Wages & Salaries $70, Total Expenses $106, Operating Profit ($64,636.66) Other Income Interest Income $26.80 Miscellaneous Income $62, Total Other Income $62,048.41
6 Other Expenses Private Use $ Total Other Expenses $ Net Profit/(Loss) ($2,734.25)
7 3. PROFIT AND LOSS JUNE 2015 WITH YEAR TO DATE Clearwater Pty Ltd Profit & Loss [With Year to Date] June 2015 Selected Period % of Sales Year to Date % of YTD Sales Income Sales Income Sales - Spring Water $0.00 NA $7, % Sales - Carbonated Water $0.00 NA $6, % Sales - Water Cooler $0.00 NA $38, % Sales - Crock $0.00 NA $5, % Sales - Stands $0.00 NA $1, % Sales - Other Equip $0.00 NA $9, % Service Income Service - Coolers $0.00 NA $1, % Service - Other Income $0.00 NA $1, % Time Billing Income Travelling Time $0.00 NA $ % Total Income $0.00 NA $72, % Cost Of Sales Purchases Equipment $0.00 NA $31, % Total Cost Of Sales $0.00 NA $31, % Gross Profit $0.00 NA $41, % Expenses General & Admin Expenses Accounting Fees $9.09 NA $ % Advertising $0.00 NA $9, % Bank Charges $0.00 NA $ % Depreciation $0.00 NA $ % Office Supplies $0.00 NA $1, % Subscriptions $0.00 NA $ % Operating Expenses Car Expenses $0.00 NA $2, % Cleaning $0.00 NA $ % Electricity $0.00 NA $2, % Insurance $0.00 NA $ % Office Rental $0.00 NA $8, % Other Operating $0.00 NA $ % Expenses Photocopy $0.00 NA $ % Postage $0.00 NA $ % Printing $0.00 NA $ % Telephone $0.00 NA $1, % Payroll Expenses Superannuation $ NA $6, % Wages & Salaries $4, NA $70, % Total Expenses $4, NA $106, % Operating Profit ($4,830.25) NA ($64,636.66) %
8 Other Income Interest Income $0.00 NA $ % Miscellaneous Income $0.00 NA $62, % Total Other Income $0.00 NA $62, % Other Expenses Private Use $0.00 NA $ % Total Other Expenses $0.00 NA $ % Net Profit/(Loss) ($4,830.25) NA ($2,734.25) -3.80%
9 4. BALANCE SHEET AS AT 20 JUNE 2015 Clearwater Pty Ltd Balance Sheet As of June 2015 Assets Current Assets General Cheque Account 1 $97, General Cheque Account 2 $150, Clearwater Provision Account $64, Clearwater Investment Account $20, Electronic Clearing Account ($31,954.87) Payroll Cheque Account ($14,953.48) Inventory $22, Trade Debtors $8, Total Current Assets $314, Withholding Credits Voluntary Withholding Credits $ Total Withholding Credits $ Furniture & Fittings F & F - At Cost $1, Total Furniture & Fittings $1, Total Assets $316, Liabilities Current Liabilities Payroll Liabilities PAYG Withholdings Payable $18, Superannuation Payable $9, Total Payroll Liabilities $27, Trade Creditors $31, Total Current Liabilities $59, GST Liabilities GST Collected $13, GST Paid ($7,659.47) Sales Tax Payable $ Voluntary Withholdings Payable $ ABN Withholding Payable $1, Luxury Car Tax Payable $2, Total GST Liabilities $10, Total Liabilities $69, Net Assets $247, Equity Current Earnings ($2,734.25) Historical Balancing Account $250, Total Equity $247,265.75
10 5. ACCOUNTS LIST Clearwater Pty Ltd Accounts List [Detail] As of 30/06/2015 Account # Account Type Dr/Cr Header/Detail Level Balance Tax Code Assets Asset Debit Header 1 $316, Current Assets Asset Debit Header 2 $314, General Cheque Account 1 Bank Debit Detail 3 $97, N-T General Cheque Account 2 Bank Debit Detail 3 $150, N-T Clearwater Provision Account Bank Debit Detail 3 $64, N-T Clearwater Investment Bank Debit Detail 3 $20, N-T Account Electronic Clearing Account Bank Debit Detail 3 -$31, N-T Payroll Cheque Account Bank Debit Detail 3 -$14, N-T Inventory Other Debit Detail 3 $22, N-T Asset Trade Debtors Accounts Debit Detail 3 $8, N-T Receivable Withholding Credits Asset Debit Header 2 $ Voluntary Withholding Credits Other Debit Detail 3 $ N-T Asset Furniture & Fittings Asset Debit Header 2 $1, F & F - At Cost Other Asset Debit Detail 3 $1, N-T Liabilities Credit Header 1 $69, Current Liabilities Credit Header 2 $59, Payroll Liabilities Credit Header 3 $27, PAYG Withholdings Payable Other Credit Detail 4 $18, N-T Superannuation Payable Other Credit Detail 4 $9, N-T Trade Creditors Accounts Credit Detail 3 $31, N-T Payable GST Liabilities Credit Header 2 $10, GST Collected Other Credit Detail 3 $13, N-T GST Paid Other Credit Detail 3 -$7, N-T Sales Tax Payable Other Credit Detail 3 $ N-T Voluntary Withholdings Other Credit Detail 3 $ N-T Payable ABN Withholding Payable Other Credit Detail 3 $1, N-T Luxury Car Tax Payable Other Credit Detail 3 $2, N-T Equity Equity Credit Header 1 $247, Current Earnings Equity Credit Detail 2 -$2, N-T Historical Balancing Account Equity Credit Detail 2 $250, N-T Income Income Credit Header 1 $72, Sales Income Income Credit Header 2 $68, Sales - Spring Water Income Credit Detail 3 $7, GST Sales - Carbonated Water Income Credit Detail 3 $6, GST Sales - Water Cooler Income Credit Detail 3 $38, GST
11 Sales - Crock Income Credit Detail 3 $5, GST Sales - Stands Income Credit Detail 3 $1, GST Sales - Other Equip Income Credit Detail 3 $9, GST Service Income Income Credit Header 2 $3, Service - Coolers Income Credit Detail 3 $1, GST Service - Other Income Income Credit Detail 3 $1, GST Time Billing Income Income Credit Header 2 $ Travelling Time Income Credit Detail 3 $ GST Cost Of Sales Cost of Sales Purchases Cost of Sales Equipment Cost of Sales Debit Header 1 $31, Debit Header 2 $31, Debit Detail 3 $31, N-T Expenses Expense Debit Header 1 $106, General & Admin Expenses Expense Debit Header 2 $12, Accounting Fees Expense Debit Detail 3 $ GST Advertising Expense Debit Detail 3 $9, GST Bank Charges Expense Debit Detail 3 $ GST Depreciation Expense Debit Detail 3 $ GST Office Supplies Expense Debit Detail 3 $1, GST Subscriptions Expense Debit Detail 3 $ GST Operating Expenses Expense Debit Header 2 $16, Car Expenses Expense Debit Detail 3 $2, GST Cleaning Expense Debit Detail 3 $ GST Electricity Expense Debit Detail 3 $2, GST Insurance Expense Debit Detail 3 $ GST Office Rental Expense Debit Detail 3 $8, GST Other Operating Expenses Expense Debit Detail 3 $ GST Photocopy Expense Debit Detail 3 $ N-T Postage Expense Debit Detail 3 $7.50 GST Printing Expense Debit Detail 3 $ GST Telephone Expense Debit Detail 3 $1, GST Payroll Expenses Expense Debit Header 2 $6, Superannuation Expense Debit Detail 3 $6, N-T Wages & Salaries Expense Debit Detail 2 $70, N-T Other Income Other Income Interest Income Other Income Miscellaneous Income Other Income Other Expenses Other Expense Private Use Other Expense Credit Header 1 $62, Credit Detail 2 $26.80 N-T Credit Detail 2 $62, N-T Debit Header 1 $ Debit Detail 2 $ N-T
12 6. GENERAL LEDGER FOR JUNE 2010 Clearwater Pty Ltd General Ledger [Summary] 1/06/2015 To 30/06/2015 Acct# Account Name Beginning Balance Total Debit Total Credit Net Activity Ending Balance General Cheque Account 1 $97, $0.00 $0.00 $0.00 $97, General Cheque Account 2 $150, $0.00 $0.00 $0.00 $150, Petty Cash $0.00 $0.00 $0.00 $0.00 $ Clearwater Provision Account $64, $0.00 $0.00 $0.00 $64, Clearwater Investment $20, $0.00 $0.00 $0.00 $20, Account Undeposited Funds $0.00 $0.00 $0.00 $0.00 $ Electronic Clearing Account $29,069.79cr $0.00 $2, $2,885.08cr $31,954.87cr Payroll Cheque Account $14,953.48cr $0.00 $0.00 $0.00 $14,953.48cr Less Prov'n for Doubtful $0.00 $0.00 $0.00 $0.00 $0.00 Debts Inventory $22, $0.00 $0.00 $0.00 $22, Prepaid Insurance $0.00 $0.00 $0.00 $0.00 $ Deposits with Suppliers $0.00 $0.00 $0.00 $0.00 $ Trade Debtors $8, $0.00 $0.00 $0.00 $8, Voluntary Withholding $ $0.00 $0.00 $0.00 $ Credits ABN Withholding Credits $0.00 $0.00 $0.00 $0.00 $ F & F - At Cost $1, $0.00 $0.00 $0.00 $1, F & F - Accum Dep'n $0.00 $0.00 $0.00 $0.00 $ P & E - At Cost $0.00 $0.00 $0.00 $0.00 $ P & E - Accum Dep'n $0.00 $0.00 $0.00 $0.00 $ M V - At Cost $0.00 $0.00 $0.00 $0.00 $ M V - Accum Dep'n $0.00 $0.00 $0.00 $0.00 $ Computer Equipment $0.00 $0.00 $0.00 $0.00 $0.00 Original Computer Equipment Accum $0.00 $0.00 $0.00 $0.00 $0.00 Dep'n American Express $0.00 $0.00 $0.00 $0.00 $ Bank Card $0.00 $0.00 $0.00 $0.00 $ Master Card $0.00 $0.00 $0.00 $0.00 $ Visa Card $0.00 $0.00 $0.00 $0.00 $ PAYG Withholdings Payable $16,939.00cr $0.00 $1, $1,148.00cr $18,087.00cr Payroll Deductions Payable $0.00 $0.00 $0.00 $0.00 $ Superannuation Payable $8,957.46cr $0.00 $ $798.08cr $9,755.54cr Union Fees Payable $0.00 $0.00 $0.00 $0.00 $ Workers Compensation $0.00 $0.00 $0.00 $0.00 $0.00 Payable Deposits Collected $0.00 $0.00 $0.00 $0.00 $ Trade Creditors $31,408.75cr $0.00 $0.00 $0.00 $31,408.75cr Bank Loans $0.00 $0.00 $0.00 $0.00 $ Other Long Term Liabilities $0.00 $0.00 $0.00 $0.00 $ GST Collected $13,212.23cr $0.00 $0.00 $0.00 $13,212.23cr GST Paid $7, $0.91 $0.00 $0.91 $7, Sales Tax Payable $257.51cr $0.00 $0.00 $0.00 $257.51cr Import Duty Payable $0.00 $0.00 $0.00 $0.00 $ Voluntary Withholdings $391.00cr $0.00 $0.00 $0.00 $391.00cr Payable ABN Withholding Payable $1,291.00cr $0.00 $0.00 $0.00 $1,291.00cr Luxury Car Tax Payable $2,752.96cr $0.00 $0.00 $0.00 $2,752.96cr
13 Payroll Liabilities $0.00 $0.00 $0.00 $0.00 $ Retained Earnings $0.00 $0.00 $0.00 $0.00 $ Current Earnings $2,096.00cr $0.00 $0.00 $0.00 $2,096.00cr Historical Balancing Account $250,000.00cr $0.00 $0.00 $0.00 $250,000.00cr Sales - Spring Water $7,397.13cr $0.00 $0.00 $0.00 $7,397.13cr Sales - Carbonated Water $6,194.86cr $0.00 $0.00 $0.00 $6,194.86cr Sales - Water Cooler $38,702.81cr $0.00 $0.00 $0.00 $38,702.81cr Sales - Crock $5,709.10cr $0.00 $0.00 $0.00 $5,709.10cr Sales - Stands $1,334.54cr $0.00 $0.00 $0.00 $1,334.54cr Sales - Other Equip $9,492.73cr $0.00 $0.00 $0.00 $9,492.73cr Freight $0.00 $0.00 $0.00 $0.00 $ Service - Coolers $1,628.90cr $0.00 $0.00 $0.00 $1,628.90cr Service - Other Income $1,890.44cr $0.00 $0.00 $0.00 $1,890.44cr Consultancy Income $0.00 $0.00 $0.00 $0.00 $ Travelling Time $312.94cr $0.00 $0.00 $0.00 $312.94cr Secretarial Income $0.00 $0.00 $0.00 $0.00 $ Km Travelled $0.00 $0.00 $0.00 $0.00 $ Photocopying Income $0.00 $0.00 $0.00 $0.00 $ Equipment $31, $0.00 $0.00 $0.00 $31, Water $0.00 $0.00 $0.00 $0.00 $ Discounts Given $0.00 $0.00 $0.00 $0.00 $ Inventory Adjustment $0.00 $0.00 $0.00 $0.00 $ Purchase Returns & $0.00 $0.00 $0.00 $0.00 $0.00 Allowance Accounting Fees $ $9.09 $0.00 $9.09 $ Advertising $9, $0.00 $0.00 $0.00 $9, Bad Debts $0.00 $0.00 $0.00 $0.00 $ Bank Charges $ $0.00 $0.00 $0.00 $ Depreciation $ $0.00 $0.00 $0.00 $ Discounts Taken $0.00 $0.00 $0.00 $0.00 $ Freight Paid $0.00 $0.00 $0.00 $0.00 $ Late Fees Paid $0.00 $0.00 $0.00 $0.00 $ Office Supplies $1, $0.00 $0.00 $0.00 $1, Other General Expenses $0.00 $0.00 $0.00 $0.00 $ Subscriptions $ $0.00 $0.00 $0.00 $ Repair & Maintenance $0.00 $0.00 $0.00 $0.00 $ Car Expenses $2, $0.00 $0.00 $0.00 $2, Cleaning $ $0.00 $0.00 $0.00 $ Electricity $2, $0.00 $0.00 $0.00 $2, Insurance $ $0.00 $0.00 $0.00 $ Office Rental $8, $0.00 $0.00 $0.00 $8, Other Operating Expenses $ $0.00 $0.00 $0.00 $ Photocopy $ $0.00 $0.00 $0.00 $ Postage $7.50 $0.00 $0.00 $0.00 $ Printing $ $0.00 $0.00 $0.00 $ Telephone $1, $0.00 $0.00 $0.00 $1, Wages & Salaries $0.00 $0.00 $0.00 $0.00 $ Other Employment Expenses $0.00 $0.00 $0.00 $0.00 $ Superannuation $5, $ $0.00 $ $6, Penalties $0.00 $0.00 $0.00 $0.00 $ Sub-Contractors $0.00 $0.00 $0.00 $0.00 $ Workers Compensation $0.00 $0.00 $0.00 $0.00 $ Wages & Salaries $65, $4, $0.00 $4, $70, Employment Expenses $0.00 $0.00 $0.00 $0.00 $ Interest Income $26.80cr $0.00 $0.00 $0.00 $26.80cr Miscellaneous Income $62,021.61cr $0.00 $0.00 $0.00 $62,021.61cr Interest Expense $0.00 $0.00 $0.00 $0.00 $ Income Tax Payable $0.00 $0.00 $0.00 $0.00 $ Private Use $ $0.00 $0.00 $0.00 $ $4, $4,831.16
14 7. TRIAL BALANCE Clearwater Pty Ltd Trial Balance June 2015 Account Debit Credit YTD Debit YTD Credit General Cheque Account 1 $0.00 $97, General Cheque Account 2 $0.00 $150, Clearwater Provision Account $0.00 $64, Clearwater Investment Account $0.00 $20, Electronic Clearing Account $2, $31, Payroll Cheque Account $0.00 $14, Inventory $0.00 $22, Trade Debtors $0.00 $8, Voluntary Withholding Credits $0.00 $ F & F - At Cost $0.00 $1, PAYG Withholdings Payable $1, $18, Superannuation Payable $ $9, Trade Creditors $0.00 $31, GST Collected $0.00 $13, GST Paid $0.91 $7, Sales Tax Payable $0.00 $ Voluntary Withholdings Payable $0.00 $ ABN Withholding Payable $0.00 $1, Luxury Car Tax Payable $0.00 $2, Historical Balancing Account $0.00 $250, Sales - Spring Water $0.00 $7, Sales - Carbonated Water $0.00 $6, Sales - Water Cooler $0.00 $38, Sales - Crock $0.00 $5, Sales - Stands $0.00 $1, Sales - Other Equip $0.00 $9, Service - Coolers $0.00 $1, Service - Other Income $0.00 $1, Travelling Time $0.00 $ Equipment $0.00 $31, Accounting Fees $9.09 $ Advertising $0.00 $9, Bank Charges $0.00 $ Depreciation $0.00 $ Office Supplies $0.00 $1, Subscriptions $0.00 $ Car Expenses $0.00 $2, Cleaning $0.00 $ Electricity $0.00 $2, Insurance $0.00 $ Office Rental $0.00 $8, Other Operating Expenses $0.00 $ Photocopy $0.00 $ Postage $0.00 $7.50 Printing $0.00 $ Telephone $0.00 $1, Superannuation $ $6, Wages & Salaries $4, $70, Interest Income $0.00 $26.80 Miscellaneous Income $0.00 $62, Private Use $0.00 $ Total: $4, $4, $508, $508,776.20
15 8. AGED RECEIVABLES Clearwater Pty Ltd Aged Receivables [Summary] 30/06/2015 Name Total Due A-Z Stationery Supplies $1, $0.00 $20.25 $0.00 $1, James Cameron $2, $0.00 $0.00 $0.00 $2, Cash Sales ($269.50) $0.00 $0.00 $0.00 ($269.50) Chelsea Mosset ($162.50) $0.00 $0.00 $0.00 ($162.50) Chris Davis $ $0.00 $0.00 $0.00 $ Footloose Dance Studio $ $0.00 $0.00 $0.00 $ Island Way Motel $2, $0.00 $0.00 $0.00 $2, Leisure Landscape Nursery $ $0.00 $0.00 $0.00 $ My Town Reality $ $0.00 $0.00 $0.00 $ The Motor Company $ $0.00 $0.00 $ $0.00 Total: $8, $0.00 $20.25 $ $7, Ageing Percent: $0.00 $0.00 $0.10 $ AGED PAYABLES Clearwater Pty Ltd Aged Payables [Summary] 30/06/2015 Name Total Due Clear & Bright Filters $ $0.00 $0.00 $0.00 $ Curbys Super Stands $ $0.00 $0.00 $0.00 $ Huston & Huston Packaging $ $0.00 $0.00 $0.00 $ Mojo Advertising $1, $0.00 $0.00 $0.00 $1, Mountain Spring $8, $0.00 $0.00 $0.00 $8, Underwater Springs Pty Ltd $20, $0.00 $0.00 $0.00 $20, Total: $31, $0.00 $0.00 $0.00 $31, Ageing Percent: $0.00 $0.00 $0.00 $1.00
You will also have to reconcile the superannuation and donations for June.
PART C Report on Payroll Activities [see next page] Task 13: Using your Payroll Checklist, reconcile wages, deductions and superannuation for the year. [see attached] You will also have to reconcile the
More informationAccounts Preparation - Year End Questionnaire 2017
Accounts Preparation - Year End Questionnaire 2017 Client: Date: This Accounts Preparation - Year End Questionnaire is designed to save you time and money. The effort you invest to complete this questionnaire
More informationAccredited Accounting Technician Examination. Paper 1 Fundamentals of Accounting and Computerized Accounts
Accredited Accounting Technician Examination Pilot Examination Paper Paper 1 Fundamentals of Accounting and Computerized Accounts Questions & Answers Booklet The Suggested Answers given in this booklet
More informationMaximise year end opportunities and minimise risks
Maximise year end opportunities and minimise risks Key dates Pre 30 June 2014 Actions Review shareholder loan accounts and make minimum loan repayments (may need to declare dividends) Pay all superannuation
More information2017 Taxation Checklist
2017 Taxation Checklist Yes No Details 1. Have there been changes to personal details? Please advise over INCOME 2. Have you received Payment Summaries (formerly group certificates)? 2a What is your main
More information2. From the Desktop, click on Accounting > Operations > Account Transactions
Pre-Programmed Default General Ledger Accounts in Partner XE To Access 1. From the Desktop, click on the Accounting Icon The Daily Processing screen will come up From within Accounting click on Account
More informationMANAGE FINANCES CAQNDIDATE RESOURCE & ASSESSMENT BSBFIM601A
MANAGE FINANCES CAQNDIDATE RESOURCE & ASSESSMENT BSBFIM601A Precision Group (Australia) Pty Ltd 9 Koppen Tce, Cairns, QLD, 4870 Email: info@precisiongroup.com.au Website: www.precisiongroup.com.au BSBFIM601A
More informationIncome Tax Basics 2007 Day 2. Introduction...1
Introduction...1 1. What is the aim and structure of this seminar?...1 2. The self-assessment system...1 2.1 Complexity of returns has increased...2 3. Introduction to completing the business return...2
More informationIncome Tax Basics 2008 Day 2
Introduction...1 1. What is the aim and structure of this seminar?...1 2. The self-assessment system...1 2.1 Complexity of returns has increased...2 3. Introduction to completing the business return...2
More informationIncome Tax Basics 2012 Day 2. Overview...1
Contents Overview...1 1. The self-assessment system...1 1.1 Periods of review...2 2. Preparing the business return...3 2.1 Accounting records vs. tax records...3 2.2 Process for completing the business
More informationFreehills Combination
Freehills Combination Financial report (Unaudited) For the year ended 30 June 2014 Pitcher Partners Advisors Proprietary Limited Level 19 15 William Street Melbourne VIC 3000 Telephone (03) 8610 5000 DETAILED
More informationACCOUNTING. From the following information provided by the proprietor of the business, Jeremy, you are required to prepare:
Question 1 From the following information provided by the proprietor of the business, Jeremy, you are required to prepare: a. Trading and Profit and Loss Account for the year ended 31 December 20x1 (13
More informationUNSW Global Accounts Receivables Policy V3 Amended at 21 June 2012 Page 1
3.2 Accounts Receivable Accounts Receivable refers to the billing and collection of monies owed to the company for services rendered. Accounts Receivable systems All Accounts Receivables transactions must
More informationC02-Fundamentals of Financial Accounting
1. Answer B Principle difference between Income Statement and Income & Expenditure Account. 2. Answer D Principle knowledge about the usage and preparation of Financial Accounts and Management Accounts.
More informationFundamentals of Accounting Resources
Contents Figure 1 - The Profit and Loss statement example... 2 Figure 2 - Balance sheet example... 3 Figure 3 - Example of a Balance Sheet... 4 Figure 4 - Example of a Profit & Loss Sheet... 5 Figure 5-10
More informationConstruction Skills Training Centre. Special Purpose Financial Statements For the 12 Months Ended 31 March 2018
Construction Skills Training Centre Special Purpose Financial Statements For the 12 Months Ended 31 March 2018 CONTENTS Pages Auditors Report 1 Statement by the Management Committee 3 Statement of Financial
More informationMULTIPLE CHOICE QUESTIONS CHAPTERS 6 10
MULTIPLE CHOICE QUESTIONS CHAPTERS 6 10 CHAPTER 6 1. Each T account contains the exact amount owing to a supplier (A) Sales ledger (B) Purchases ledger (C) General ledger (D) Cash book 2. The Trial balance
More informationSmall Business Entity Rules
End of Year Tax Planning Checklist 2012 Small Business Entity Rules Small Business Entities - the small business entity rules apply to a sole trader, partnership, company or trust which has a group turnover
More informationMYOB Bookkeeping Practice Assessment B: Computerised (MYOB) Bookkeeping
1B MYOB Bookkeeping Assessment About the practice assessment MYOB Bookkeeping Practice Assessment B: Computerised (MYOB) Bookkeeping About the practice assessment What you will need Current version of
More informationWhat are bonding and bankers looking for?
Monday, October 17 8:30am - 10:00am Parlor A 10/5/16 Preparing Year End Financials for Bonding, Banking, and CPA s Presented by: Kathy Lewis KLC Vision www.klcvision.com kathy@klcvision.com What are bonding
More informationCHAPTER 24. Statement of cash flows CONTENTS
CHAPTER 24 Statement of cash flows CONTENTS 24.1 Simple statement of cash flows 24.2 Statement of cash flows for a sole trader 24.3 Statement of cash flows for a partnership 24.4 Statement of cash flows
More information2015 Year-end tax planning & Obligations
2015 Year-end tax planning & Obligations Key dates Pre 30 June 2015 Actions Review shareholder loan accounts and make minimum loan repayments (may need to declare dividends) Pay all superannuation obligations
More informationG/L Accts -12 Periods with Differences 11/26/08
Sample Company 2005 G/L Accts -12 Periods with Differences G/L Accts -12 Periods with Differences 1 CASH ACCOUNTS 1000 General Checking 46,127.19 67,822.63 67,686.81 68,217.47 77,818.52 84,580.59 319,320.63
More informationFinancial Services. Total marks 80. Section I Pages marks Attempt Questions 1 15 Allow about 20 minutes for this section
2016 HIGHER SCHOOL CERTIFICATE EXAMINATION Financial Services Total marks 80 Section I Pages 2 6 General Instructions Reading time 5 minutes Working time 2 hours Write using black pen Board-approved calculators
More informationSAMPLE CHARITY. PERFORMANCE REPORT Tier 3. for the year ended 31 March 2015
SAMPLE CHARITY PERFORMANCE REPORT Tier 3 for the year ended 31 March 215 Contents Non-Financial Information: Page Entity Information s 3 Statement of Service Performance 4 Financial Information: Statement
More informationCBA Model Question Paper CO2. The difference between an income statement and an income and expenditure account is that
CBA Model Question Paper CO2 Question 1 The difference between an income statement and an income and expenditure account is that A an income and expenditure account is an international term for a Income
More informationConsolidated Financial Statements
CTJH.221.41.154 EDA.5.1.154 for the Diocese of Melbourne ABN: 52 768159 282 as Trustees for the Catholic Archdiocese of Melbourne ABN: 64 47 619 369 Consolidated Financial Statements for the year ended
More informationNC 824. First Year B. C. A. Examination. April / May Financial Accounting & Management. Time : 3 Hours] [Total Marks : 50
NC 824 First Year B. C. A. Examination April / May 2003 Financial Accounting & Management Seat No. Time : 3 Hours] [Total Marks : 50 Instructions : (1) Figures to the right indicate marks. (2) Show calculations
More informationAdjusted Trial Balance Another Company Ltd - for period 01/04/2013 to 31/03/2014
Adjusted Trial Balance Another Company Ltd - for period 01/04/2013 to 31/03/2014 Account Quantity Client bal. DR CR Final Last Period Status Accounts 10+ *** FARM LIVESTOCK ACCOUNTS [100-169] *** - Livestock
More informationAccounting Fundamentals July 2012
Accounting Fundamentals July 2012 Suggested answers and examiner s comments Important notice When reading these suggested answers, please note that the answers are intended as an indication of what is
More informationAccounting Question Booklet. Examination information. Questions 1 to 4 Answer all questions Write your answers in this question booklet
South Australian Certificate of Education Accounting 2017 Question Booklet Questions 1 to 4 Answer all questions Write your answers in this question booklet Examination information Materials Question Booklet
More informationWHITE PAPER UNDERSTANDING FINANCIAL STATEMENTS
WHITE PAPER UNDERSTANDING FINANCIAL STATEMENTS Contents 1.0 Understanding Financial Statements... 3 2.0 Types of Financial Statements... 3 3.0 Balance Sheets... 3 4.0 Profit & Loss Statement (also known
More information2018 Senior External Examination. Part A: 60 minutes Part B: 60 minutes Part C: 60 minutes
2018 Senior External Examination Accounting Paper Two Question book Wednesday 7 November 2018 1:15 pm to 4:25 pm Time allowed Perusal time: 10 minutes Working time: 3 hours Examination materials provided
More informationAward in Computerised Accounting Skills
Award in Computerised Accounting Skills ASE20055 Level 3 Time allowed: 3 hours Instructions You should read through the assignment carefully before you begin. You must attempt all tasks in the order given.
More informationFINANCIAL ACCOUNTING II
Question 1 You have been asked to sort out the accounts of a client - Mr Soh, a trader. You collect the following information in respect of the year ended 31st December 2006: Assets and Liabilities at
More informationINSTITUTE OF CERTIFIED BOOKKEEPERS
Level 27 Rialto South Tower 525 Collins Street MELBOURNE 3000 Tel: 1300 85 61 81 Fax: 1300 85 73 93 info@icb.org.au www.icb.org.au INSTITUTE OF CERTIFIED BOOKKEEPERS BOOKKEEPERS RESOURCE KIT Version August
More informationAUSTRALIAN SALARIED MEDICAL OFFICERS' FEDERATION NEW SOUTH WALES A.B.N
FINANCIAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2016 CONTENTS Statement of Comprehensive Income 1-2 Statement of Financial Position 3 Statement of Changes in Equity 4 Statement of Cash Flows 5-6 Notes
More informationBSBFIM601 Manage finances. ASSESSMENT 1: Assignment
BSB61015 Advanced Diploma of Leadership and Management BSBFIM601 Manage finances ASSESSMENT 1: Assignment Student s Name Student No Student Declaration Student s Signature I declare that the work submitted
More informationExplanation / Uses of each account in the Chart of Accounts:
Explanation / Uses of each account in the Chart of Accounts: 1 Debtors Debtors tracks money that customers owe you for products or services, and payments customers make. QuickBooks Online Plus automatically
More informationAPPENDIX A Treasurer s Report Page 64 $1,571,588.40 $1,581,581.68 -$9,993.28 -$702,563.55 -$699,174.88 -$3,388.67 $869,024.85 $882,406.80 -$13,381.95 -$2,173.07 $0.00 -$2,173.07 $300,367.65 $315,381.64
More informationBella has a lot of information for you to sort through to get her systems ready. She has provided these to you on the following pages.
Assessment event 1 Instructions 1. Read the scenario provided. 2. Conduct your research to satisfy the requirements of the scenario and each task. 3. Complete your entries / answers for each task. 4. Upload
More informationPANCHAKSHARI S PROFESSIONAL ACADEMY PVT LTD (Your Lifelong Knowledge Partner )
50 Questions 50 Marks 60 Minutes Rectification of Error Select the best choice to answer the following questions: 1. Which of the following statement is/are correct? (i) A separate suspense account should
More informationFinancial procedures manual
Contents Introduction... 2 Finance authorisation procedure... 2 Bank account procedure... 3 Petty cash procedure... 4 Use of business credit card procedure... 5 New supplier procedure... 6 New customer
More information2011/12 Accounts Preparation Checklist
2011/12 Accounts Preparation Checklist To assist us in preparing your financial statements, please use this checklist when you compile your information. Completing the checklist can take some time and
More informationFINANCIAL STATEMENTS
New Zealand Federation of Multicultural Councils Incorporated. (Multicultural New Zealand) FINANCIAL STATEMENTS AS OF 31 MARCH 2015 Statement of Financial Position 1 Statement of Financial Performance
More informationAnnual Financial Accounts for Primary Schools to be prepared by External School Accountant
Annual Financial Accounts for Primary Schools to be prepared by External School Accountant Ballymore Primary School, Dublin Accountant s Report FOR THE YEAR 1 SEPTEMBER 2018 TO 31 AUGUST 2019 Ballymore
More informationBUSINESS FINANCIAL INFORMATION 2018 CHECK LIST
BUSINESS FINANCIAL INFORMATION 2018 CHECK LIST This "Check List" is to assist you when supplying us with records and information to enable us to prepare Financial Statements and Tax Returns for the past
More informationJUDO FEDERATION OF AUSTRALIA (QUEENSLAND) INC ABN FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2018
ABN 81 745 646 774 FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2018 ABN 81 745 646 774 FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2018 CONTENTS PAGE Statement of profit or loss and other comprehensive
More informationGeneral Motors of Canada Dealer s Standard Accounting System Manual
General Motors of Canada Dealer s Standard Accounting System Manual 2003 General Motors Corporation This manual cannot be reproduced in whole or in part without the expressed written permission of General
More informationAssets - GL reconciliation
Another Company Ltd Assets - GL reconciliation Assets values are calculated based on: Control group Cost Accumulated depreciation Closing WDV Account GL balance Asset balance Variance Account GL balance
More informationMARKS POINT BOWLING CLUB LIMITED
MARKS POINT BOWLING CLUB LIMITED Quarterly Financial Statements For the Quarter Ended 31 December 2015 1 MARKS POINT BOWLING CLUB LIMITED COMPILATION OF FINANCIAL INFORMATION Scope On the basis of the
More informationCERTIFICATE IV. FNSTPB401 Complete business activity and instalment activity statements USER GUIDE. sample for review
CERTIFICATE IV FNSTPB401 Complete business activity and instalment activity statements USER GUIDE All Rights Reserved Copyright 2018 OfficeLink Learning Version 18.6 Xero No part of the contents of this
More informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME
All Rights Reserved Index No No. of Pages - 12 No of Questions - 08 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR I SEMESTER I (INTAKE VI GROUP A)
More informationChart of Accounts. Chart of Accounts
Chart of Accounts A company s Chart of Accounts is a list of all Asset, Liability, Equity, Revenue, and Expense accounts included in the company s General Ledger. The number of accounts included in the
More informationACCT-112 Final Exam Practice Solutions
ACCT-112 Final Exam Practice Solutions Question 1 Jan 1 Cash 200,000 H. Happee, Capital 200,000 Jan 2 Prepaid Insurance 10,000 Cash 10,000 Jan 15 Equipment 15,000 Cash 5,000 Notes Payable 10,000 Jan 30
More informationComputerised Accounting
Preface Computerised Accounting using MYOB Accounting v18 This workbook has been written to cover Cash Book, General Ledger, Accounts Receivable and Accounts Payable information on how to use MYOB Accounting,
More informationNew_SA_GAAP Planning by Reviewed Performed by Final review 11.15
1. General 1.1. A balanced trial balance 1.2. Draft financial statements 1.3. Copies of minutes and resolutions not yet pasted into the minute books including those in the process of being signed. Statutory
More informationFINANCIAL ACCOUNTING 1
FINBUS2 JUNE 2013 EXAMINATION DATE: 3 JUNE 2013 TIME: 09H00 12H00 TOTAL: 100 MARKS DURATION: 3 HOURS PASS MARK: 40% (BUS-AC1) FINANCIAL ACCOUNTING 1 THIS EXAMINATION PAPER CONSISTS OF 5 QUESTIONS: ANSWER
More informationNABTEB Past Questions and Answers - Uploaded online
QUESTION 1 NATIONAL BUSINESS AND TECHNICAL EXAMINATION BOARD NBC MAY/JUNE 2005 FINANCIAL ACCOUNTING (a) Differentiate between preference shares and ordinary shares of a company. (b) Explain the following
More informationTest Series: September, 2014
MOCK TEST PAPER 1 INTERMEDIATE (IPC) : GROUP I PAPER 1: ACCOUNTING Question No. 1 is compulsory. Answer any five questions from the remaining six questions. Test Series: September, 2014 Wherever necessary
More informationAssets Petty Cash Y Y Y Current Account Y Y Y Y Y Y Y Y Y
GST Output Tax Code Adjustment Description SR ZRL ZRE DS ES ES43 RS OS GS Note AJP AJS Assets Petty Cash Current Account Accounts Receivable Debtors Intercompany Loan / Advance Funds transferred related
More informationMEDICAL SERVICES GROUP 2017 Income Tax Information
MEDICAL SERVICES GROUP 2017 Income Tax Information Full Name Home Address Postal Address (if different from above) Occupation / Speciality Date of Birth Phone (W) Mobile Tax File Number Phone (H) Email
More informationINTERNATIONAL INDIAN SCHOOL RIYADH
INTERNATIONAL INDIAN SCHOOL RIYADH ACCOUNTANCY WORK SHEET 8 CLASS 11 CHAPTER: FINANCIAL STATEMENTS Q.1 Find out (a) Cost of goods sold (b) Closing Stock. Opening Stock 15,000 Sales 1350,000 Purchases 1050,000
More informationIn this module we look at how financial records are balanced and how financial reports are produced, incorporating Balance Day adjustments.
Introduction In this module we look at how financial records are balanced and how financial reports are produced, incorporating Balance Day adjustments. At the end of each accounting period an organisation
More informationInstitute of Certified Bookkeepers
Making you count Institute of Certified Bookkeepers Level II Certificate in Bookkeeping Syllabus from April 2014 1 Level II Certificate in Bookkeeping from April 2014 Course Code L2C Introduction Level
More informationPrepaid Insurance. Income Tax Advance Bank CC Accounts
List of Ledgers and Under group in tally erp 9 Published : https://tallygame.com Tally Under Group Head Ledger Name to be created Descriptions Brach/Divisions Delhi Branch All branches of a business Capital
More informationPARTNERSHIP/LLC TAX ORGANIZER FORM 1065 (SHORT VERSION)
Enclosed is an organizer that we provide to our tax clients to assist in gathering the information necessary to prepare the current year tax returns. The Internal Revenue Service matches information returns
More informationAward in Computerised Accounting Skills
Award in Computerised Accounting Skills ASE20055 Level 3 Time allowed: 3 hours Instructions You should read through the assignment carefully before you begin. You must attempt all tasks in the order given.
More informationVCE VET FINANCIAL SERVICES
Victorian Certificate of Education 2012 SUPERVISOR TO ATTACH PROCESSING LABEL HERE STUDENT NUMBER Letter Figures Words VCE VET FINANCIAL SERVICES Written examination Thursday 22 November 2012 Reading time:
More informationPREPARATION OF FINAL ACCOUNTS OF SOLE PROPRIETORS
CHAPTER 7 PREPARATION OF FINAL ACCOUNTS OF SOLE PROPRIETORS UNIT 1: FINAL ACCOUNTS OF NON-MANUFACTURING ENTITIES LEARNING OUTCOMES After studying this unit, you will be able to: Draw final Accounts of
More informationPart 5: GLOSSARY OF TERMS
Part 5: GLOSSARY OF TERMS ABN Withholding Tax Account Levels Accounts Accounting Equation Accounts List Accounts Payable Accounts Receivable Accounting Period The amount withheld from a supplier who provides
More informationAward in Computerised Accounting Skills
Award in Computerised Accounting Skills ASE20055 Level 3 Time allowed: 3 hours Instructions You should read through the assignment carefully before you begin. You must attempt all tasks in the order given.
More informationTAX EXPRESS CHECKLIST FOR INDIVIDUAL TAX RETURN TAXEXPRESS 2018 INDIVIDUAL TAX RETURN CHECKLIST
TAXEXPRESS 2018 INDIVIDUAL TAX RETURN CHECKLIST Remember you only have to provide answers to those questions that are relevant to you, and by emailing /mailing/faxing documents to us (e.g. payment summary,
More informationInstitute of Certified Bookkeepers
Making you count Institute of Certified Bookkeepers Level II Certificate in Bookkeeping Syllabus from April 2014 1 Level II Certificate in Bookkeeping Level II Certificate in Bookkeeping (Skills and Underpinning
More informationAnnual Financial Return (Categories only*)
INCOME CODE DEFINITION General offerings from Congregation attendees (via plate, envelope, electronically) I1 This is money collected from members of the Congregation during services either directly into
More information2018 TAX RETURN CHECKLIST
2018 TAX RETURN CHECKLIST With the end of financial year fast approaching, we have compiled a checklist regarding income and expenses that need to be on hand for the preparation of your tax return. The
More informationPRINCIPLES OF ACCOUNTS 7110/2
Centre Number Candidate Number Candidate Name CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Ordinary Level PRINCIPLES OF ACCOUNTS 7110/2 PAPER 2 MAY/JUNE SESSION 2002 1 hour 45
More informationTAX INFORMATION CHECKLIST 2018
TAX INFORMATION CHECKLIST 2018 INDIVIDUAL This checklist has been designed to assist our salary & wage clients with ensuring that all relevant documentation is collated and provided to our Firm to enable
More informationPLEASE NOTE: CLIENTS WITH LETTERS OF DEMAND FROM THE ATO WILL NEED TO PAY AS PER WIP OR AS PER PRICE LIST + 50% WHICH EVER IS HIGHER PRICE LIST
PRICE LIST Below is a schedule of estimated costs based on standard charge -out rates and average completion times. Please note that this is a guide only and any quote should be subject to an increase
More informationNCERT Solutions for Class 11 Accountancy. Financial Accounting Part-2 Chapter 2
NCERT Solutions for Class 11 Accountancy Financial Accounting Part-2 Chapter 2 Financial Statements Short answers : Solutions of Questions on Page Number : 422 Q1 : Why is it necessary to record the adjusting
More informationNCERT Solutions for Class 11 Accountancy Financial Accounting Part-2 Chapter 2
NCERT Solutions for Class 11 Accountancy Financial Accounting Part-2 Chapter 2 Financial Statements Class 11 Chapter 2 Financial Statements Exercise Solutions
More informationACCOUNTING 1 BACHELOR OF COMMERCE
JULY 2013 SUPPLEMENTARY/AEGROTAT EXAMINATION MODULE: ACCOUNTING 1 PROGRAMME: BACHELOR OF COMMERCE DATE: 31 July 2013 TIME: 09h00 12h00 DURATION: 3 hours MARKS: 100 EXAMINER: P. Salikram MODERATOR: N. Naidoo
More information2018 Partnership Checklist
2018 Partnership Checklist To assist us in preparing your partnership income tax return in accordance with Australian Taxation Office requirements, please use this checklist when you compile the information.
More information2017 PERSONAL INCOME TAX WORKSHEET
2017 PERSONAL INCOME TAX WORKSHEET TAXPAYER DETAILS Title Tax File Number Surname Date of Birth First Name Best Contact Number ( ) Other Name/s Or Mobile Telephone Occupation (not Title) Residential Address
More information2016 ACCOUNTING ATTACH SACE REGISTRATION NUMBER LABEL TO THIS BOX
External Examination 2016 2016 ACCOUNTING FOR OFFICE USE ONLY SUPERVISOR CHECK ATTACH SACE REGISTRATION NUMBER LABEL TO THIS BOX RE-MARKED Tuesday 15 November: 1.30 pm Time: 2 hours Pages: 33 Questions:
More informationPearson Edexcel International GCSE Accounting Paper 1 Time: 2 hours 30 minutes 4AC0/01 You do not need any other materials.
Write your name here Surname Other names Pearson Edexcel International GCSE Accounting Paper 1 Centre Number Candidate Number Tuesday 23 January 2018 - Morning Time: 2 hours 30 minutes You do not need
More informationChart of Accounts Analysis for GST Supply
Chart of Accounts Analysis for GST Supply GST Output Tax Code Adjustment Description SR ZRL ZRE DS ES ES43 RS OS GS Note AJP AJS Assets Accounts Receivable Debtors Current Account Employee Advance Funds
More informationExemplar for internal assessment resource Accounting for Achievement Standard Accounting Level 2. This exemplar supports assessment against:
Exemplar for internal assessment resource Accounting for Achievement Standard 91175 Exemplar for Internal Achievement Standard Accounting Level 2 This exemplar supports assessment against: Achievement
More informationDISCLAIMER. Question No. 1
No.1 for CA/CWA & MEC/CEC MASTER MINDS Dear students, These suggested answers are meant for easy and quick assessment of possible outcome of IPCC aspirants for their inadvance preparation and future course
More informationAccounting. Mark scheme. June ICSA, 2018 Page 1 of 9
Accounting scheme June 208 ICSA, 208 Page of 9 Section A Accrual basis () Going concern () Other responses may include: Stable monetary unit () Units of constant purchasing power () Total 2 2 False ()
More informationTENNIS TOWNSVILLE INC. ABN: FINANCIAL REPORT FOR THE YEAR ENDED 30 APRIL 2016
ABN: 19 579 672 424 FINANCIAL REPORT FOR THE YEAR ENDED 30 APRIL 2016 CONTENTS Page Statement of Income and Expenditure 1 Statement of Financial Position 3 Notes to the Financial Statements 5 Committee
More information2017 TAX RETURN CHECKLIST
2017 TAX RETURN CHECKLIST With the end of financial year fast approaching, we have compiled a checklist regarding income and expenses that need to be on hand for the preparation of your tax return. The
More informationCash reserved for capital projects (Stations 2 and 5) $ 1,288,208
December 2017 Financial Report Comments Balance Sheet General - Comparative balance sheet is shown for December 31, 2017; November 30, 2017 ; and December 31, 2016 Analysis of Cash Position 12/31/2017
More informationCPT Chapter2, Unit-3 Fundamentals of Accountancy CA.S.K.Chhabra
CPT Chapter2, Unit-3 Fundamentals of Accountancy CA.S.K.Chhabra What is a Trial balance? It is a Statement prepared to ensure the arithmetical accuracy of all the accounts before the preparation of the
More informationCANADIAN HARD OF HEARING ASSOCIATION NEWFOUNDLAND AND LABRADOR CHAPTER INC.
FINANCIAL STATEMENTS CONTENTS Page AUDITOR'S REPORT 1 FINANCIAL STATEMENTS Statement of financial position 2 Statement of operations and net assets 3 Statement of cash flows 4 Notes to financial statements
More informationTHE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2009 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC 6: ACCOUNTING/2
Examination No. THE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2009 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC 6: ACCOUNTING/2 TUESDAY 8 DECEMBER 2009 TIME ALLOWED: 3 HOURS 9.00 AM - 12.00
More informationA. Format for School Accounts which are Certified but not Audited. Accountant s report to the Board of Management of (School Name)
A. Format for School Accounts which are Certified but not Audited Accountant s report to the Board of Management of (School Name) In accordance with the engagement letter dated... we have compiled the
More informationSG&A AND EXPENSE CATEGORIZATION POLICY
fjrake,&scull QHSE Ref. No. IMS/FIN/SGA/05Rev. 01 SG&A AND EXPENSE CA TEGORIZA TION 21st May2009 SG&A AND EXPENSE CATEGORIZATION POLICY Rev Date Revision Record 21/05/09 First issue for approval Page 1
More informationGrade XI. Accountancy Important Questions. (Financial Statements) #GrowWithGreen
Grade XI Accountancy Important Questions (Financial Statements) #GrowWithGreen Q.1 Show the treatment of Depreciation in the final accounts of the business. The following is an extract of the Trial Balance.
More informationINTERPLAST AUSTRALIA & NEW ZEALAND A.B.N
ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 30TH JUNE 2009 CONTENTS Page No Directors' Report 1-2 Auditor's Declaration of Independence 3 Independent Auditor's Report 4-5 Directors' Declaration 6 Income
More information