Essay on Accounts Receivable

Icas Class Notes

Section 1 2 3 4 Introduction and Assessment Outcomes and Criteria Internal Controls and Fraud Finding weaknesses and making recommendations Report Plan Deadlines Report Guide Business English Other requirements page 3 6 9 12 5 6 7 8 9 15 21 23 33 34 1 Introduction and Assessment What is ICAS? The Internal Control and […]

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Exam in Tle

Valenzuela National High School Third Periodical Examination Technology and Livelihood Education – Basic Bookkeeping and Accounting S. Y. 2011 – 2012 I. Multiple Choice: Directions: Read and analyze the questions carefully and write the letter of the correct answer on your answer sheet. 1. What columnar sheet of paper is used to summarize information needed […]

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Butler Lumber

Butler Lumber Case Study I. Statement of Financial Problem Butler Lumber Company, a growing profitable business has exhausted its credit limit and the key issues facing it are: 1. Need for additional funds to continue the growth 2. Need to consolidate debt 3. Need to improve cash flexibility. In this case study I will be discussing […]

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Butler Lumber Analysis

Nevertheless, both ratios are on a relatively low level. In addition, below are some other ratios on the company that I might refer to later: [pic] 2) As in the table above, the collection days for Accounts Receivable are rather long. With increasing sales figures, as displayed in the previous years by the Butler Lumber […]

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Riley Supply Case

Riley Supply* Jim Riley believed that the North Atlanta suburbs of Cherokee County and Forsyth County were about to take off in the mid-sass so he, along with his next door neighbor, started a plumbing and heating supply business to benefit from the expected growth. Fortunately, the targeted counties of Cherokee and Forsyth did experience […]

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Surecut Case

What assumptions did Mr. Fischer make when he prepared the forecasts shown in case Exhibits 1 and 2? Were these assumptions reasonable? Mr. Fischer made assumptions for both the income statement and the balance sheet. Income statement We calculate the percentage of variation from one month to another in terms of sales and gross profit. […]

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Sunbeam Case

1. Analyze the changes that Al Dunlap had initiated at Sunbeam after being hired from a strategic perspective. Did the changes started by Dunlap allow him opportunities to manage earnings? First, after Al Dunlap was hired, Dunlap wanted to surround himself with loyal executives, such as Mr. Kersh, and fired the existing senior managers. This […]

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