Why may the financial information in an unadjusted trial balance not be up-to-date and complete?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 92% (14 reviews)
The financial information in a trial balance may not be uptodate becaus...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
The following data are taken from an unadjusted trial balance at December 31, 2016: Prepaid rent $600 Office supplies 700 Income taxes payable -0- Unearned commissions revenue 1500 Salaries expense...
-
Below is an unadjusted trial balance for Muezza Bhd at 30 June 2020. Muezza Bhd Unadjusted Trial Balance 30 June 2020 Debit (RM) Credit (RM) Cash 125,400 Accounts receivable 25,000 Supplies 1,500...
-
Below is an unadjusted trial balance run at year end followed by information needed to make adjusting entries. Baltimore Glass Company Trial Balance December 31, 2015 Adjusting items: 1. The...
-
Find the area between the parabolas y = 2x 2 + 1 and y = x 2 + 5.
-
A 30-g bullet is fired with a horizontal velocity of 450 m/s and becomes embedded in block B which has a mass of 3 kg. After the impact, block B slides on 30-kg carrier C until it impacts the end of...
-
The deck of a bridge is suspended 275 feet above a river. If a pebble falls off the side of the bridge, the height, in feet, of the pebble above the water surface after t seconds is given by y 275 -...
-
A multinomial experiment with k = 3 cells and n = 320 produced the data shown in the following one-way table. Do these data provide sufficient evidence to contradict the null hypothesis that p1 =...
-
Samples of size 5 provided the following 20 sample means for a production process that is believed to be in control. a. Based on these data, what is an estimate of the mean when the process is in...
-
BACKGROUND: Stockbridge Sprockets, Inc. ( SSI or the Company ) wants to bring an improved line of sprockets to the market. While their current sprocket machine can produce the new product, the...
-
Duque Power Company wants to develop a regression model to help predict its daily peak power demand. This prediction is useful in determining how much generating capacity needs to be available (or...
-
Identify and state two generally accepted accounting principles that relate to adjusting the accounts.
-
Distinguish between the two categories of adjusting entries, and identify the types of adjustments applicable to each category.
-
Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and...
-
1. Using appropriate examples, compare and contrast the genetic diversity of marine fish species with freshwater fish species (8 marks) 2. Your class went on a trip and discovered a crater lake on...
-
Find sin(29) given that cos(0) = and 0
-
Amazing Aquariums began as a class project on new business development. Now that the visionaries behind the idea have graduated, they want to explore their business idea and see if the concept could...
-
3. Modify the program of Example 05 so that, it takes and prints values using the following two functions respectively. void get (double *&a, int& n); void print (double *a, int n); 4. Following is a...
-
A company will be financing its operations with and a capital budget is P40,000,000 and a debt-to-equity ratio of 1. The interest rate on company's debt is 10%. The expected return on equity by the...
-
Which of the following is not one of the steps in the quantitative analysis approach? a. defining the problem b. developing a solution c. observing a hypothesis d. testing a solution
-
In muscle tissue, the ratio of phosphorylase a to phosphorylase b determines the rate of conversion of glycogen to glucose 1phosphate. Classify how each event affects the rate of glycogen breakdown...
-
Suppose the 3s valence electron in a ground-state sodium atom is excited to the 4s orbital. Why does the electron now have higher energy?
-
The management of Hadaway is reevaluating the appropriateness of using its present inventory cost flow method, which is average cost. The company requests your help in determining the results of...
-
You have the following information for Waner Inc. for the month ended June 30, 2010. Waner uses the periodic method for inventory. Instructions (a) Calculate i) Ending inventory , ii) Cost of goods...
-
You have the following information for Gas Saver Plus. Gas Saver Plus uses the periodic method of accounting for its inventory transactions. March 1 Beginning inventory 1,500 litres at a cost of 40...
-
Callaho Inc. began operations on January 1 , 2 0 1 8 . Its adjusted trial balance at December 3 1 , 2 0 1 9 and 2 0 2 0 is shown below. Other information regarding Callaho Inc. and its activities...
-
Required: 1. Complete the following: a. Colnpute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconcile...
-
Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have an 8% coupon rate, payable semiannually. The bonds mature in 6 years, have a face value of $1,000, and a yield to...
Study smarter with the SolutionInn App