ACCOUNTING and FINANCE for the NONFINANCIAL EXECUTIVE pot

... AdministrationCalifornia State University at Long Beach, California ACCOUNTING and FINANCE for the NONFINANCIAL EXECUTIVE An Integrated Resource ManagementGuide for the 21st Century The St. Lucie ... 20 Accounting and Finance for the Nonfinancial Executive 2.5 SEGREGATING FIXED COST AND VARIABLE COST If you know the total cost you can determine the fixed and variable costs using the high-low ... happen. The controller prepares the annual report and Securities and Exchange Commission (SEC) filings as well as taxreturns. The SEC filings include Form 10-K, Form 10-Q, and Form 8-K. The primaryfunction...

ACCOUNTING and FINANCE for the NONFINANCIAL EXECUTIVE pdf

... 12 Accounting and Finance for the Nonfinancial Executive The disadvantages are:• The ability to raise large sums of capital is limited.• Unlimited liability exists for the owner.• The life ... 20 Accounting and Finance for the Nonfinancial Executive 2.5 SEGREGATING FIXED COST AND VARIABLE COST If you know the total cost you can determine the fixed and variable costs using the high-low ... concepts and conventions is helpful. You should be able to make an informedjudgment on the financial position and operating performance of the entity. The balance sheet, the income statement, and the...

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Accounting and Finance for Your Small Business Second Edition_1 pot

... Page ii Accounting and Finance for YourSmall BusinessSecond Editionffirs.qxd 11/28/05 1:36 PM Page i Accounting and Finance for YourSmall BusinessSecond EditionSTEVEN M. BRAGG AND E. JAMES ... October of the current year. The listing shouldinclude the personnel in each department and their current pay levels. Request a return date of 10 days in the future for this information, which ... be committed to following the dictates of the budget, which is largely up to the senior management team toenforce. The budget procedure that follows is a guideline for the sequen-tial steps a...

Accounting and Finance for Your Small Business Second Edition_11 pot

... 236either case, the insurer will pay the company for losses broughtabout by the dishonesty of the person(s) covered under the bond.This bond is used most commonly for people in the accounting and ... they must evaluate the condition of the equip-ment and facility. The risk manager should be on hand to facil-itate these tours and provide any additional information neededby the insurance company ... W-4 form. This form requires the employeeto produce a Social Security number. On the W-4 form, the employee specifies the number of withholding allowancesclaimed. With that number, and the...

Accounting and Finance for Your Small Business Second Edition_12 pot

... income for the year and regardless of the amount of its grossincome for the year. The income tax return for the regular corpora-tion is Form 1120. As in the case of individual taxpayers, the fed-eral ... taxes. The return is usually filed on the first day of the fourthmonth after the close of the taxable year or the fifteenth day after the due date for the filing of the related federal returns for ... of error, the date onwhich it occurred, the amount of the error in dollars, and the rea-son for the error. When the information in this report is summa-rized for a number of months, the summary-level...

Accounting and Finance for Managers ppt

... thoroughintroduction to accounting and finance for executives and managers whoare studying these subjects, formally, for the first time. It is an entry-leveltext to be used before moving on to more ... shareholders. The ordi-nary shareholders are the owners of the business. The ordinary divi-dend varies with the fortunes of the business. It is dependent both on the level of earnings and the amount ... if the amounts involved and the timing can only be estimated. The message is: anticipate the bad news and wait for the good news so that unpleasant surprises canbe avoided!EXAMPLE The information...

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Accounting and Finance for Your Small Business doc

... pay-down of debt.8. Issue the budget. Bind the budget and issue it to the managementteam.9. Update accounting database. Enter budget numbers into the accounting software for the upcoming year. All ... managers and senior manage-ment to review variance problems and what each of the managerswill do to resolve them. The senior managers should write downthese commitments and return them to the managers ... pro-jecting the future.• The use of the data encourages performance that improves on the past performance.• The effects of inflation are properly considered.Further practical points in the use...

Accounting and Finance for Your Small Business Second Edition_2 pptx

... pay-down of debt.8. Issue the budget. Bind the budget and issue it to the managementteam.9. Update accounting database. Enter budget numbers into the accounting software for the upcoming year. All ... managers and senior manage-ment to review variance problems and what each of the managerswill do to resolve them. The senior managers should write downthese commitments and return them to the managers ... Thisinformation is most useful for the human resources depart-ment, which is responsible for staffing the positions. The direct labor budget should also account for any contrac-tually mandated...

Accounting and Finance for Your Small Business Second Edition_3 ppt

... inflowuntil the end of the product’s life cycle. Taxes and the treatmentof expenses and income for tax purposes must be considered and adjusted for in the model. For example, increases in receivables and ... can domost of the calculations with ease. The critical work is the gather-ing of the information necessary to make the capital budgetingprocess more understandable and useful to the business.Life ... calculating the net benefits.3. Qualify your information sources. When gathering informa-tion, you must evaluate the reliability and accuracy of the sourceof the information. For example:•...

Accounting and Finance for Your Small Business Second Edition_4 pptx

... preferable to the otherusing one method, and the reverse is true using the other method.It is important to understand how and why this happens. The resultis obtained because the two projects ... $2,600,000Sum up the probabilities of 5, 3, and 2 for a total of 10. Finally,divide the sum of the multiplications by the sum of the probabili-ties. The expected value is: $2,600,000/10 = $260,000. The ... 60Preparing to Operate the Businesssales personnel may overestimate sales and sales potentials. Ask:“How good are the forecasts of the market, the economic condi-tions and the expectation of future...

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