FINA425-1201A-01: Week 5 Project

FINA425-1201A-01: Week 5 Project

Week 5 Project
FINA425-1201A-01 Budgeting Assignment Name: Unit 5 Individual Project Deliverable Length: 4–5 pages Details: Today, many companies face budgetary challenges on a continual basis. Two critical aspects that businesses lack are effective control practices and monitoring. You have been asked by your manager of the Money Cares Investment Corporation, to outline problematic or risk areas in the company’s financial procedures. Upon reviewing the budget, you notice that there is overspending in marketing supplies, transportation, and workshop items that include hospitality items such as food and drink for the customers. Each investment specialist is given a company credit card for the above expenses but there are no policies established for monitoring. Money Cares is a small business of 8 employees: CEO, Financier, a manager, 3 investment specialists, and 2 clerical assistants. For this assignment you must identify possible risks for the Money Cares Investment Corporation.   In establishing an investment company, you must answer the following What could go wrong? Identify at least 3 possible risks. What must happen in order for the company to succeed? What are the company’s most vulnerable areas? Identify the company’s assets Where is the most money spent? How should the budget activities be regulated? Objective: ? Identify some budgeting issues including format, and budget monitoring ACCT315-1201A-01 Intermediate Accounting I Assignment Name: Unit 5 Individual Project Deliverable Length: 2–4 pages Details: You are the newly hired accountant for The Gift Shop. The owner has just received the December 31, 2008 bank statement and has asked you to prepare the monthly bank reconciliation. Write the procedure documentation for the monthly bank reconciliation process in a professional manner. It will be the desktop guide used by others in the event of your absence to prepare the financial statements for The Gift Shop. It may be in the form of a...