The project will be on Excel, Word, or like programs. Computer Software reports will not be accepted
Question:
The project will be on Excel, Word, or like programs. Computer Software reports will not be accepted for this project, for example, QuickBooks reports will not be accepted.
Intro = 10%
1. Who-Name of company
2. Seed money and/or assets
3. What type of company: service, merchandise, agriculture. Details of what the company does and for whom
4. Where-city, county, state
5. Permits and licenses required (Go to calgold.ca.gov to find out what you may need for your business and location.
Accounting Documents=75%
1. Chart of Accounts
2. Source Documents
3. Journal Entries
4. Ledgers
5. Trial Balance, worksheet
6. Adjusting entries, Journalize and on the worksheet
7. Balance Sheet
Assets: current(cash, accounts receivable, inventory), fixed assets, Accumulated depreciation
liabilities: current (accounts payable, payroll taxes payable), long term (notes payable)
8. Income Statement
Revenues (with the cost of goods sold if applicable)
Expenses: utilities, insurance, wages or salaries, taxes, rent/lease, etc.
9. Closing entries
Filing system/Document retention/Internal controls=10%
1. Setting up a filing system
2. Document retention
3. Electronic safeguards-backups, passwords
4. Internal controls – general and cash specific
Financial Ratio Analysis=5%
1. Solvency
2. Liquidity
3. Profitability
Fundamentals of Hydraulic Engineering Systems
ISBN: 978-0136016380
4th edition
Authors: Robert J. Houghtalen, A. Osman H. Akan, Ned H. C. Hwang